Cash Flow Forecast for Bhaji Bazar
The cash flow forecast above is for Bhaji Bazar and it shows a slight increase in cash balance each day and this means that we are making a steady profit. This cash flow forecast was created to show how are company should progress. We would be making a reasonable amount of profit by the £10.00 share capital that would be raised by the company.
Objectives
My primary objective is to complete what I have set out to do which was to fill the gap in the market for fast food at Challney by selling onion bhaji’s to students and teachers at Challney high school for boys. We have decided to buy all the ingredients from the supermarket or the shop and then make the product and then sell it for quite a reasonable price in order for our company to make a profit. The ingredients that we would buy for our products would need to be of very high standard rather than cheap economy type ingredients. This is because our aim is to sell the best quality food and if we make our product with economy type products then no one would buy our product because it wouldn’t taste very good. The type of market research we are going to do is a questionnaire. From our questionnaire we can find out what drink people would prefer with their onion bhaji so we could provide that drink and we can find out what price people would pay for an onion bhaji so we could sell it at a price our customers will be happy with. We are going to do it this way because then it will give us a clear vision of what people want and how much they would pay for it. A questionnaire to find out what people want is the best way because large amounts of data can be obtained, it is less time consuming, the response rate would be high and because we had closed answers in our questionnaire the information could be put on to the computer and we can analyse it very easily. While marketing our product the Marketing Mix’s 4p’s are vital. Through our questionnaire we would ask the customer’s how much they would be willing to pay for an onion bhaji and whatever price the consumers want we will label our product that price. This is because if out product at an expensive price then no one would buy our product. All our products would be sold in the school playground at break times and lunch times because that is when all the pupils would be outside on the playground. This would attract all of our customers because rather than just eating a snack at break times the students might fancy a change and they would come to buy our product. If the students make too much mess on the playground then the head teacher may restrict our company to carry on running but to prevent this happening there will be plenty of school prefects on the playground to tell the students to throw their rubbish in the bin. The little mess that will be made will be cleaned up before we pack up and put our products back in the classroom. The work of our business would be divided up into small groups so the people who were good at doing a certain duty would carry out that duty. The five groups are Managing Director, Finance Director, Personnel Director, Marketing Director and the Production Director. The managing director should be someone who is responsible and will tell people to do their jobs properly. The finance manager should be someone who is good at producing accounts. The personnel manager should be someone who is good at producing organizational charts. The marketing manager should be someone who is good at designing questionnaires and compile the results. Finally the production manager should be someone good at producing the product.
Constraints and Controls on your Business Activity
During the course of the running of our business there would be many constraints there would be many constraints that would prevent us from running our business smoothly. Time is a constraint that should be observed because we have only 2 weeks to run our business and to sell our product. The amount of capital that would be available to us should be taken into account because it would limit us to the amount of products we sell. Because of the fact that we are a Private Limited Company we can not put our shares on the stock exchange which means we would not have enough working capital but we would have raised enough to trade. Labour is another constraint that should be taken into account because if workers feel that they are doing too much work or too less work then they would walk out of the business. If workers walk out of the business due to the amount of work then the business would not run smoothly enough and it may even have to be closed down. The lack of experience should also be taken into account as we are running a business for the first time ever and we could easily make a lot of mistakes such as giving too much change back to
customers. If we keep making the mistake of giving back too much change back to
Customers then this could affect the running of the business and we would be making a lot of losses. Health and safety is another constraint which needs to be looked at very thoroughly because if our product is prepared with unwashed hands then germs could easily get into food and this could lead to food poisoning and may other diseases. This could then lead to the shutting down of our company. Safety should be observed closely too because when people are queuing up they push each other around and someone could get hurt so that is why we will have just a single queue and keep prefects on the playground to discipline anyone pushing in. The school rules should be looked at carefully so that we keep the playground clean and to prevent being late for the next lesson we should pack all our stuff up at least 5 minutes before break time ends.
Risk Assessment
There are a few dangers to us and our customers whilst setting up and running our business. Food poisoning could be a danger because if the food is prepared with unwashed hands the food poisoning would be caused and then this could lead to many other diseases. Another danger is when people are queuing up to buy our product because if they push and shove each other someone could easily get hurt. Also when the tables are carried out to the playground we must be careful because some one could easily suffer from back pain so it would be essential if about 6 people carried 1 table to the playground. Also to prevent any other injuries that could occur we will not place any sharp knives or objects on the table because they are dangerous.
Marketing
Primary Market Research Report
A REPORT ON THE MARKET RESPONSE TO BHAJI BAZAR
Terms of Reference
As a member of the Marketing team at Bhaji Bazar, I was required to investigate the market response to our new product development, Bhaji. The report will state the results of this research and make recommendations where necessary.
Question 1 – What year are you in?
Refer to the graph titled ‘What year group are you in?’
We asked 10 people from each year as we asked 40 people altogether and then it would make the responses fairly balanced.
Question 2 – How much money do you bring to school on average?
Refer to the graph titled ‘How much money do you bring to school on average?’
From this question we can find out how much money people bring to school and then we could price our product to a price that will be suitable for our customers.
Question 3 – Do you know what an onion bhaji is?
Refer to the graph titled ‘Do you know what an onion bhaji is?’
We asked this question to find out whether the people whom we were questioning knew what an onion bhaji is. From the response we can find out whether people know what an onion bhaji is and if they don’t we can explain to them.
Question 4 – Would you prefer your bhaji’s hot or cold?
Refer to the graph titled ‘Would you prefer your bhaji’s hot or cold?’
We asked this question in order to find out whether people prefer their bhajis hot or cold. From the response we can then decide whether to sell our bhajis hot or cold.
Question 5-What filling would you prefer in your bhaji?
Refer to the graph titled ‘What filling would you prefer in your bhaji?’
Because of the high demand of onions as a filling we decided to put onions inside the bhaji’s as a filling.
Question 6-Where would you prefer to eat your onion bhaji?
Refer to the graph titled ‘Where would you prefer to eat your onion bhaji?’
Our customers would be happy to eat their onion bhaji’s on the field because as we are trading in the playground the field is close rather than going inside to the buttery or the cafeteria.
Question 7-What would you like to drink with your Bhaji?
Refer to the graph titled ‘What would you like to drink with your Bhaji?’
From the responses we can see that the most popular drink is coke.
Question 8-Which sauce would you like to dip your bhaji's in?
Refer to the graph titled ‘Which sauce would you like to tip your bhaji’s in?’
From the responses we can see that people would like to dip their onion bhaji in a red chilli sauce as our onion bhaji’s our hot products.
Question 9-How would you like your onion bhaji's to be served?
Refer to the graph titled ‘How would you like your onion bhaji's to be served?’
Students wanted their bhaji’s served wrapped because it would be easier for them to hold and eat rather than holding a plate.
Question 10- If our product was on sale on the playground would you buy it?
Refer to the graph titled ‘If our product was on sale on the playground would you buy it?’
From the responses we can tell that people would be willing to buy our product because 35/40 people have said they would buy our product.
Conclusion
The conclusion for each question is written next to it. From our market research we have found out that over 75% of the people questioned would buy our product if it was sale on the playground. Also from our market research that more people bring £3- £4 on average so it is best to price our product at around 30-50 pence.
Recommendations
After looking at all my results due to the questionnaire I would make the following suggestions to FDC:
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The results to Question 1 allow me to recommend that Bhaji Bazar should be advertised in all areas around the school as the students walk all around the school.
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The results to Question 2 allow me to recommend that we should price our product around 30-50 pence.
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The results to Question 3 allow me to recommend that most people know what an onion bhaji is.
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The results to Question 4 allow me to recommend that our bhaji’s should be served hot.
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The results to Question 5 allow me to recommend that the filling that should go in our bahji’s is onions.
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The results to Question 6 allow me to recommend that most people will eat their bhaji’s on the field.
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The results to Question 7 allow me to recommend that we should serve coke as our drink with the bhaji’s.
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The results to Question 8 allow me to recommend that we should give red chilli sauce to our customers to dip their onion bhaji’s in.
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The results to Question 9 allow me to recommend that we should serve our onion bhaji’s wrapped.
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The results to Question 10 allow me to recommend that a lot of people will buy our onion bhaji’s.
Secondary Market Research Report
In the above table I have worked out the Gross Profit Margin, Net Profit Margin and the Return on Capital Employed.
Market Research – Secondary Data Analysis
The Gross Profit Margin for each of the companies suggests that each company spent less money manufacturing their goods than the money they made from their sales. The most successful company was Kebab Kingdom as it has a Gross Profit Margin of 48%. The company with the lowest Gross Profit Margin was King Paratha and this company also had the highest cost of sales but Kebab Kingdom had the lowest cost of sales.
The Net Profit Margin shows how much money is left to pay dividends to the shareholders of the company after the cost of sales and overheads. King Paratha has the highest Net Profit Margin and this gives king Paratha a very good ability for survival when sale of costs are increased. Wages was the most important fixed cost for each of the companies. The company with the highest and worst fixed costs is King Paratha but Kebab Kingdom has the lowest and best fixed costs.
The Return on Capital was fairly good for each of the companies because it did not have a subtract sign next to it. Therefore this means that all the companies made a profit from the capital which they invested. The capitals invested by each company were as follows:-
- King Paratha= £15.50
- Kebab Kingdom= £26.00
- Buns on the Run= £15.00
- Karachi Kebabs= £23.00
The company which had the best Return on Capital Employed was Kebab Kingdom and King Paratha had the worst Return on Capital Employed.
I think the company which has performed the best is Kebab Kingdom and it is the business that I would invest in from the four. This is because the Return on Capital Employed for this company shows that I would get the most money from what I invest into this company than the other 3 companies. Another reason why I would invest in this business is because it has the highest Gross Profit Margin and therefore this means that this company would have the best ability to survive if and when there is a crisis and people who have invested into the business their money would be safe.
Looking at my Secondary Market Research I have learned that in our business we should keep the fixed costs and the variables costs as low as possible. This is because if we have low fixed costs and low variable costs then we would make the most profit as shown above for Kebab Kingdom and King Paratha had the highest fixed costs and variables and they made the less profit from the fur companies.
Marketing Campaign
There were many methods which were available to us for marketing our product. The method we used was placing many posters around the school persuading people to buy and try our product. We also had people from our groups handing out leaflets to
the students at break and lunch times and then this let the customers know a lot about our product. We found out what our customers were after by handing out questionnaires to 10 people in each year. In this way the results to the questionnaire are much more balanced. We also asked our customers what drinks they would like with their bhaji’s and what sauce they would like to dip their bhaji’s into etc.
Pricing Strategies
While running our business our aim was to make a fair amount of profit so we decided to sell our products 60% more than the price that we paid for them. The overheads of our business as our business wanted to recover quickly. We tried to keep our fixed and variable costs as low as possible. As we were selling goods very fast a pricing option which was available to us was ‘Penetration Pricing.’ This type of pricing would have maximised our business’s sales rather than the profits of our business. If we used ‘Penetration Pricing’ then we could have got a large chunk of the marketing in a very small amount of time. But ‘Penetration Pricing’ would only benefit very big companies such as Sainsburys as they have large amounts of stock to sell and because of the fact that we did not have large amounts of stock to sell because of the amount of space that was available to us we could not use ‘Penetration Pricing’ for our business. If we sold large amounts of stock using ‘Penetration Pricing’ we would have very big sales and we would only make a little bit of profit because the products would be cheap. Our company was aiming for high profit so we decided not to use ‘Penetration Pricing’ due to only a little bit of profit being made through this pricing strategy. Another pricing strategy which was available for our business is ‘Skim Pricing’ which also known as ‘Premium Pricing.’ This type of pricing is mainly for medical and luxury products and they would be sold at a very high price to maximise profits. By maximising profits the amount of money spent on overheads could be recovered very quickly. Our business also has very strong competitors to compete with so our products would not sell is our competitors sell cheaper products than our business. An aim of our business was to sell all our stock within two weeks and if we used ‘Skim Pricing’ then we would have very low sales and a lot of our stock would be unsold. After looking at all the different pricing strategies that were available to our business we decided to use the simplest pricing strategy, ‘Cost-plus pricing.’ Using this pricing strategy meant that we would only have to add a certain amount to the amount our product was being made for. Originally we wanted to cover overheads and other costs by selling our products 60% more than the price we paid for them. Because we chose ‘Cost-plus pricing’ we had to work out the price of our products after adding 60%. By adding 60% to the price we paid for the products we could have found the right price because 60% was the least amount needed to get our business quite a good profit.
Marketing Mix
The 4 P’s of the marketing mix were used in our business which are Product, Place, Promote and Price. These were used because they form the base of the marketing mix. Our products would only be successful if these 4 P’s were met efficiently. These 4 P’s would develop from market research so therefore our market research researched about the 4 P’s.
Product
The products that we decided to sell were onion bhaji’s and drinks. These were decided after we researched popular products were cheap and whether they would make our business successful if we were to sell them. We would buy the products from commercial consumers such as Ambala sweet centres in Bury Park and the drinks from Sainsburys and we would sell them to maximise our profits. At the same time we would be maintaining the quality of our products because quality is one of the most important factors while selling our products and also quality would be another factor that would lead to our company being successful.
Place
There were many options we looked at when we were selecting the best place to sell our products. These included the amount of space, and the amount of exposure to the customers. In the end we decided to sell our products on the playground. This was because the playground would be likely to determine quite a high turnout at our stall and we would be confident enough to beat our competitors. Another advantage in using the playground to sell our products was that there would be less queue jams because once the customers brought the product then they would move out of the line and they could go either to the playground or the field where there is vast amounts of space to eat and enjoy their product. Because the customers would be able to eat their product anywhere they want this would mean that our business would be supplying our customers the field and the playground to eat their product whereas the buttery and the cafeteria restrict the students from taking their food outside into the playground. We looked into the fact that the playground and the field would get dirty because when the customers finish eating our product they would most probably leave the wrappers on the field so that is why we decided to put school prefects on the playground and the field in order to keep the playground and field tidy. In this way the headmaster of Challney would be happy. All our equipment would be stored in a classroom near the playground so that when break time and lunch time start we can quickly set up all our equipment and the quicker we set up all our equipment the more we could maximise the sales of our business during the trading times of our business.
Promotion
There were many ways which were available to us for advertising our product. We could have used the television, billboards, posters and the radio to promote our product. But all these methods would be suitable for bigger and larger companies such as Sainsburys who aim to get a wide audience over a wider area and our company was small as it was only providing for not much people. Because of this reason we decided to market our product by putting posters up all around the school. We did this very effectively so the students of Challney could get as much information as possible about our product. The posters which we created to market our company were put up in popular places around the school. The places where we put up the posters were on doors around the school and in the school cafeteria and the buttery. We also put up our posters around the place where the students queue up for lunch. This is because when the students queue up for lunch their eyes would easily be caught by the advert and when they are going to their next lessons they would look at the adverts again when they are walking past doors. We put the important information about our product in big writing because when pupils are going to their next lesson they would not have enough time to read all the information. We put the less important information in small writing so when people have time to read all the information e.g. lunch time then they could read all the information. Our posters were also given to every form class in the school through their register and their teachers told them about the product and each class stuck it on their notice board. We also put special offers on off peak time to attract more and more customers. The offers were from ‘buy 1 get 1 free’ or buy 2 get third half price.
Price
The price which we decide to put on our product should be precise and it should be enough to cover our company’s overheads quickly so we can make a profit very quickly. The pricing of our product was quite a difficult task because if we had low quality products and selling them at high prices and our competitors had high quality products and cheaper prices then people would buy products from our competitors as they have the better quality products and cheaper prices and people would stop buying from us. Quality is also a factor which should be observed when pricing our product because we need to have good value for money. If we supply good value for money then the customers would have our brand loyalty and our company would achieve one of our aims which are customer satisfaction. Our company should price our product 60% more than the price we paid for the products as I said before. This is because we should be able to cover our overheads buy doing this and we should make a good profit quite quickly. To decide what price we should price our product at we looked at the prices our nearest competitors (the buttery, cafeteria and two other companies) were selling their products at. We wanted to have the most customers than our competitors so we decided to sell our product at a lower price than our competitors were selling their products at. We looked at the overheads and other costs before putting a price on our product so we can cover these quite quickly. It cost our company £0.20 to buy and onion bhaji and £0.15 to buy the coke. If the onion bhaji was increased by 60% the price would be £0.26 and increasing coke by 60% the price would be £0.24. These were the lowest price which we could sell our products at and observing our competitor’s price we decided to raise our onion bhaji’s to £0.40 and the coke for £0.25. This was a very fair increase to increase our profits because our rivals sell onion bhaji’s for £0.75 and coke £0.30 and this was 5 pence more than our company’s competitors and by keeping the price of our product lower than our competitors we could expect more customers buying our product than our competitor’s and then we could make a lot of profit.
Company Organisation
Organisational Chart for Bhaji Bazar
Jobs and Responsibilities
Managing Director
Make sure that all departments carry out their jobs to a high standard and on time.
Give help and support to all employees in the business.
Work with people outside the business, i.e. teachers, students.
Motivate employees.
Discipline employees who are not working as hard as they should.
Meet with other company directors.
Marketing Director and Marketing Department
Design the group questionnaire.
Ensure that the entire group carried out the questionnaire, and hands them back to the department.
Compile the results and make sure that they are on the shared area of the school computers.
Analyse the secondary market research.
Check out the competition, specifically the Cafeteria and the Buttery.
Personnel Director and Personnel Department
Produce an organisational chart, which clearly shows the chain of command.
Work with the heads of other departments to write job descriptions for all employees
which must include what job each worker will be doing before, during and after the business would run.
Produce wages statements.
Decide how much each employee will earn based on the type and amount of work each person does.
Production Director and Production Department
Draw up a list of the exact ingredients you will need in our product.
Find out where the best place to buy the ingredients would be. This must be based on price, quality, and how easy it would be to buy the product.
Think about issues such as storage, space, Health and Safety etc.
Think about how easy it would be to manufacture our product.
How and where will the product be sold?
What arrangements will need to be made for the selling of our goods?
Based on our market research, decide how much of your product you will need to produce each day.
Finance Director and Finance Department
Work out the unit cost.
Work out the variable costs.
Meet with other company directors.
Work out the break-even analysis.
Work out the start-up cost.
Decide where the money is going to come from.
Produce a cash-flow forecast.
Keep a control of all money going in and out of the business.
Produce a profit and loss account.
Sales
Finance
Sources of Finance
Like all other businesses our business would need money to start it up and cover the running costs of everyday. If we borrowed Working Capital we can pay it back as soon as our company starts to make a lot of profit. Internal finance a much more cost-effective method than External finance. Because of this External finance is normally a last option for different companies. To start off our business we could have used Internal finance because it would be able to get us a good start. Our company could have got Internal finance in many ways such as reducing the amount of stock, selling assets and keeping the profits rather than sharing them after the allocated time. Because we were a new business we did not have any old assets to sell off. Our company also didn’t have any profits to retain to invest and earn interest from them. Because of these reasons we did not use these methods. Our company decided to buy some stock to start our business and gradually bought more as we went on. The limitation of reducing stock is if sales went miraculously were high then we would be short of stock. The limitation for External finance is if we borrow a loan it would need to be prepaid with interest. Cash could be borrowed from family or friends which would be without interest and it would be cost-effective. If we used loans as a source of finance the limitations would be they charge interest for repayment of the money borrowed.
Fixed and Variable Costs
Fixed Costs
Fixed costs are the costs of the investment goods used by the firm. These costs do not change with the number of products that are made by the company. Some examples of fixed costs would be insurance premiums, factory rent and wages for the workers. These costs don’t change over the time or the number of products made and they are charged even if the company is producing nothing at all. If the company buys equipment on loan and don’t even use the equipment the loan would still need to be repaid back to the bank.
The fixed costs in our business were tables, rent for using the playground, storage of all the equipment our company would use and promotion to advertise our product so people are more aware of it. These fixed costs for our business were fairly low and this would mean we could make quite a good profit.
Variable Costs
Variable costs are costs that are varied flexibly as conditions change. These costs also vary on the amount of production. Examples of variable costs are piece-work labour, production utilities and material. Variable costs could affect the manufacturers and wholesalers who sell their products in large quantities to retailers and then they sell it to the consumers. The wholesaler even gets some discount when he buys the product in large quantities from the manufacturer and then the wholesalers sell it to the retailers at a lower discount than it was bought originally in order to make a good profit. The larger the amount of products are bought the larger the amount of discount that is given.
Our company’s variable costs were not very high compared to the amount of products being bought by our company. The main variable costs were the bhaji’s and the coke. These would then be the source of bringing in the profit to our business. It is vital we have cups in order to provide our customers with coke. Tissues would be quite cheap and they would improve the company’s corporate image. If we buy the cups and tissues in large discounts we could probably get a discount.
Business Viability
Break Even Forecast
The break even point is when the company is not making a profit neither a loss.
Break-Even Analysis for Bhaji Bazar
From this break even analysis forecast I can see that we would break even around about when we have 7 sales. Our company would aim to break even much earlier than that in order for our company to make a profit.
Cash-Flow Forecast
Our company performed very well because it had a return on capital employed of 160%. The company had a Share Capital of £10.00 to start off with and we worked on it and began on increasing it to make it as high as possible. The expenditure of the business included the cost of sales which were changed everyday. The amount of stock bought in was changed everyday according to the demand the consumers were showing. The teacher charged us £0.50 for storage whose class we borrowed, £1.00 for the rent and to borrow the tables we had to pay £1.00. Working in the marketing department we found it was quite cheap to promote our product because we were allowed to print our posters promoting our product using the school’s colour ink. Gloves were not very expensive and this made it easy handling our bhajis. We had quite sales on the first day we traded because as we were a new company people wanted to try out our product. At the end of each day £10.00 was subtracted from the cash balance because the £10.00 was the share capital which we raised and this was not part of the true profit our company made. The profit we made was £33.00.
Profit and Loss Account
Comparing our business with those on the secondary market research our company was much more successful than them. The Return on Capital Employed for our company was 160%. This means that 160% is the profit from the capital of £10.00 which we invested into the company right from the beginning. £10.00 share capital was enough for the running of our business. ‘King Paratha’ and ‘Buns on the Run’ had a lower ROCE than our company. This means that in comparison to those two companies our company performed better. The reason for our company’s successfulness is that we kept our fixed costs and variable costs fairly low and a few of the companies in the secondary market don’t have low fixed costs and low variable costs which led to the not performing very well.
Evaluation
Summary Statement
If were going to run our business in reality I think it would be quite successful. At first we would have a bit of troubling such as not knowing what to do as every company does not know at the start. After that people in the company the people will work very hard to keep the company as smooth as possible and problem free. After that our company would try and keep its fixed costs and variable as low as possible because as some of the companies in the Secondary Market Research had high fixed costs and high variable costs and this led to their business not being very successful by not making sufficient amount of profit. It is essential that we do not have too many employees working for the company because then there would be a lot of disagreements and disputes over the running of the business. Also in this way everyone knows what is going on around the company as there are less people and there are fewer disagreements and fewer disputes over the running of the business.
Overall our company in comparison to the companies in the Secondary Market Research performed much better than them. The gross profit for our company was 51% which was very good. The Return on Capital Employed for our company was 160% which was very good too. The net profit was very good too at 24%. Bhaji Bazar performed much better than the companies in the Secondary Market Research. But on the other hand our companies fixed costs and variable costs were quite high at £17.50. But then in the other hand we made a fair net profit of £16.00. Overall Bhaji Bazar performed quite well and it was quite successful.
There are a lot of advantages and disadvantages of having an organisational chart for a company. By having an organisational work can be done by the person who has a better ability at a certain job. For example the person who would be good at telling what to do would be placed as the Managing Director. This chart also ensures that the work done by each employee is being done as efficiently as possible. Also having an organisation means that the employees can learn from the people who are higher than them such as managers on how to do a certain job. Each department carries out their jobs effectively and then this leads to the company performing well. The disadvantages of having a company organisational chart are then the employees will have two bosses to listen to who are the Managing Director and the director of whatever group the employee is working in. Also the workers would not be accounted for whatever work they do and then they would have low self-esteem and then this would lead to demotivation of employees and the job would not get done properly.
When work had to be produced as a group there were a few minor problems which occurred. A few of the times the company finances were wrong and then this led to the marketing team ordering too much food than what was wanted because they thought that the food was being sold successfully. This problem was then sorted out when the finance director looked at the finances and learned what was wrong and corrected the errors. Another problem which we had was the marketing director didn’t publish the results of the questionnaires sooner and we had to wait to see what drink the people questioned wanted to drink with their bhaji’s and what sauce they wanted to dip their bhaji’s into. To overcome this problem the Managing Director told the Marketing Director to in future complete all tasks on time. The directors of each team were also told by the Managing Director to make sure that all tasks were being done and to be strict towards the members of the groups so that all work was done on time. If a group member did not understand what to do after being told several times by the group director then the Business Studies teachers were also available to explain to employees whom didn’t understand what to do.
If we were to run the business in reality, to make sure there were no problems we would make sure that everything is organised very efficiently in order to suppress any problems. We would also make sure that everyone got out on time on to the playground to start selling our products. We would also make sure that each department does their jobs properly in order for our company to be successful and make a lot of profit. Also each employee would be explained quite a few times what to do. This would then lead to the company being very successful and make profit.
Appendix
My ideas for: -
Company name
Bhaji Bazar
Slogan
“No argy bargy with our onion bhaji”
Logo
Poster
Questionnaire
- What year are you in?
- How much money do you bring to school on average?
- Do you know what an onion bhaji is?
- Would you prefer your bhaji's hot or cold
- What filling would you prefer in your bhaji?
- Where would you prefer to eat your onion bhaji?
- What would you like to drink with your bhaji?
- Which sauce would you like to dip your bhaji's in?
- How would you like your onion bhaji's to be served?
- If our product was on sale on the playground would you buy it?
Name: Page of
Candidate No: