• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Business Report - Rolls Royce

Extracts from this document...

Introduction

AVCE Business - Unit 1 Rolls Royce Introduction: I have been asked to produce a detailed business report on a medium or large sized business. I have chosen to do "Rolls Royce Plc" a global company providing power for land, sea and air. It was firstly formed as a car manufactory, then during the First World War they where asked to produce aeroplane engines. In 1914 they became a private limited company and 45 years on they changed to a public limited company. In 1971 the car-manufacturing branch declared bankruptcies and then Rolls Royce continued solely in the civil aerospace, defense, marine and energy markets to this Current date. Rolls Royce is also a global leader in marine propulsion, engineering and hydrodynamic expertise, with a broad product range and full system integration capability. More than 2,000 commercial marine customers and over 50 navies use Rolls-Royce propulsion systems and products in 2,000 ships. Navies alone operate 1,000 gas turbines Business objectives: The main business's objective for most companies is to create the maximum surplus they are possibly able, however they can also choose other areas to try and improve as Rolls Royce has. The market share for Rolls Royce in the field for engine manufacturing and have set their market objective to keep that share as number one business and try improve it even more. ...read more.

Middle

That's why Rolls Royce needs to keep a highly trained workforce to carry out research to be the number one choice for their market. Human Resources make sure all staff in this section is informed with new technology by sending them to of the job training and also on the job training depending on the immensity of the teaching The design is equally important because this determines how the product will look and work helping. The marketing department gives pointers to this area of what the market wants and needs in the new product. E-Business This is the most rapidly changing area in any business today. This means computers installed in one year they will be out of date in three more years and will have to be update once again, this costing the company thousands a time. This functional area role is to control all the electrical equipment and maintain it to a respectable standard. This is due to new software and hardware coming out each day and the company will need to be up to date with things in order to achieve their objectives. This functional area is also the only area that can change or add to the existing electronically equipment within the company. This functional area helps the company with objectives by keeping all the computers and other electronically equipment up to date with the right software. ...read more.

Conclusion

down, The communication within Roll Royce are very important both internal and external, because their goods they are selling are worth millions and they cant afford to produce to many or too little at a time, external communication must be kept with the buyer even after the trade to keep in good terms with them to maintain business in the future as stated in their Quality policy "we will satisfy our customers through teamwork, which means everyone acting in the best interests of the customer and the company". The methods of communication they us are; * Email and Video conferencing: used to instantly inform customers/departments across the world. * Memoranda: for internal use, for example summons to a meeting. * Face to face: common in most businesses * Meetings: Used to discus downward for what each department is required to do. * Phone/fax: also common way to communicate horizontally and vertically. Rolls Royce is a Plc (public limited company); this means that anyone can buy shares of the company. This helps them raise more capital also can help they expand and diversify as they have done over the past century. This also brings some dilemmas. As if more that %50 of the company's shares are bought the company can be over taken and run by some one else, also unlike a private limited company Rolls Royce has to sacrifice all profit into its sated objectives. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level ICT in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level ICT in Business essays

  1. For my business report I am investigating the Co-op erative society supermarket.

    Market research Co-op to carry out market research to find out what the market needs and what the public and customers think of the business its products and services and the general aspects of the business market research can be carried out in different methods in which it can be carried out e.g.

  2. Business Aims and Objectives.

    Most companies expect their employees to take an active role in their own training and self-development. There is usually an opportunity for staff to discuss this with their manager during their appraisal interview. Many companies such as Tesco will pay for staff development activities and may run them in the workplace.

  1. My aim is to research and produce a formal business report on my the ...

    This reduces the number of vehicles travelling empty on one leg of their journey. This has also increased the number of double deck trailers to maximise the amount of product delivered to a store. This as a result has produced a highly efficient use of the distribution fleet which minimises the number of vehicles on the road servicing co-ops stores.

  2. Human resources

    This can be harmful for family businesses. Dun and Bradstreet outlined these main reasons for failures: * Inadequate sales * Competitive weakness * Receivables difficulties * Heavy operating expenses * Inventory difficulties * Poor location * Excessive fixed assets * Other problems indicating poor judgement The diagram shows that just as with the business success, there is also a recipe for business failure.

  1. E-commerce in Business Companies of Bangladesh.

    BGMEA can play a significant role in this. 6. Greater competition among the Internet Service Providers (ISPs) should be promoted and new ISPs should be encouraged to come into business. 7. Revise and update ageing laws on trademark, copyrights and evidence.

  2. This report focuses on the promotional unit. This is the functional business unit of ...

    These should be promoted as they may open for longer hours and throughout the year. People should also be aware of bars, pubs, clubs and restaurants, as many people may be attracted to these places. 7. Staff - the unit will have to take into account the number of staff

  1. Information Management Report

    7 3. Analysis The following section identifies the key deliverables of each of the enterprise system and its relevance in supporting company, customers and business partners' requirements. 3.1 Enterprise System Enterprise system is "Enterprise Software running on an Enterprise Platform" (http://www.officevision.com/pub/p5ee/definitions.html), which demonstrates certain attributes such as scalability; mobility and security.

  2. E2: describe and explain the objectives of the business

    marketing have to do their bit, finance will set aside appropriate funding for sales campaigns etc. The Sales department must have full product knowledge. They are trying to sell products faster than competitors'. * Development Division They are researching new elements of product developments and new materials.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work