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Classify the business according to its ownership, and explain the benefits and constraints of this type of ownership.

Extracts from this document...

Introduction

Gurpreet Birdi Unit 1: Business at Work E1: classify the business according to its ownership, and explain the benefits and constraints of this type of ownership The company I have chosen is 'J Sainsbury PLC'. J Sainsbury is a leading UK and US food retailer with interests in financial services and property. The group comprises Sainsbury's supermarket and Sainsbury's bank in UK and Shaw's supermarkets in US Background of J Sainsbury Sainsbury sells quality food for their customers. They have invested in a range of products during the year. They have also improved and developed over 3,200 products. Sainsbury also have there own label brands that are best in the UK. Currently Sainsbury's is working to develop offers not only on food but in clothing too. Sainsbury's provides clothing's from Adam's children's wear, Jeff & Co and trial of home enhancements. Sainsbury's are also working on developing their health and beauty department. They have also been in a trial with Boots health and beauty and pharmacy shops in six out of town stores. Now they are extending by further three stores. Sainsbury's first store was opened in Drury Lane, London in 1869 by John James and Mary Ann Sainsbury. The business was built on offering customers the highest quality at the keenest price. In 1869 Sainsbury's ranged 5 products and employed just 2 people. Sainsbury's now have over 450 stores across the UK, the larger of which range over 23,000 products. Sainsbury's employ in the region of 142,000 people. Their goal is to be the UK's first choice for food shopping. To achieve this, they need to provide their customers with outstanding quality, great service and value for money. The Service Promises of making the customer's shopping experience easy, enjoyable and inspiring is central to their success. If the customers join them, they will provide them with ample training to help them deliver on their promise. ...read more.

Middle

Overseeing the company budget. In charge of all the finance functions in the organisation. Financial manager: managing the finance function and staff. Advising on financial resources. Chief account: overseeing the preparation of the final accounts of the organisation. Management accountant: producing continuous financial information for management. Chief cashier: responsible for the receipt, safekeeping, banking and accounting of all cash received. Payroll administration: responsible for overseeing the company payroll and salary or wage section. Wages clerks: assist the payroll administrator in the production of salary and wage detail. Ledger clerks: assist the chief accountant in the recording of all financial transactions. Gurpreet Birdi Credit control clerks: assist the credit controller in checking the credit status of new customers and existing accounts. Reminding customers of overdue payments. Production: The Production department helps Sainsbury's policy is to work with all of its suppliers fairly, recognise the mutual benefit of satisfying customers' needs. This means that the department at Sainsbury's has a benefit with the goods that they provide. Production department's role is to manufacture goods for Sainsbury's so that Sainsbury's could use them and gain profit out of them. The Production department's main function is to supply raw materials so that the production department could ensure this by the use of the Stock control systems. For this production the quality control is very important. This is because it monitors closely with the production department of Sainsbury's so that they can ensure that the customers expect all standards. This also affects Sainsbury's because Sainsbury's own brand products have an image to represent to the Sainsbury's supermarket. This function should also be aware of business resources. These include the raw materials, the machinery and the workers who operate them. The department should also be aware of the products that Sainsbury's provide. This is because the manufacturer should be aware of all the requirements (customer needs) of the customers. This is found out be Market Research (questionnaires, face-2-face, observation etc). ...read more.

Conclusion

A server is dedicated to storage and network facilities. E-mail is stored in that address until the receiver picks it up. The advantage of an e-mail is that long documents can be sent to other people immediately wherever in the world without them being there. Fax machines: Faxes are very similar to e-mails. But the difference between e-mail and a fax is that the information is already on paper in the form of text or images. The process of this machinery is that a fax machine first reads the information, then its converted into audio signals and then it's sent down a telephone line to another fax machine. Then the machine reconverts the signals into text and graphics. The advantage of a fax machine is that they send messages instantly and the receiver doen't has to be there to receive the message. A disadvantage that compares with e-mail is that it takes a longer time to process a large document via the fax. The information also has to be printed out or written before it can be sent. The Internet and the intranet: The Internet and the privately running process called the intranet looks to set challenges with the telephone and mail, as it is the main method of business communication. This is a cheap way to send to large scale of communication. Information on the Internet is available to the public and worldwide. An intranet is controlled under the company who uses the information that is sent. Some of the staff members can send messages and access everyday information. This is suggested that the biggest savings from the intranet which will come from the distribution of standard information throughout the organisation. In an electronic format people could revise as soon as it changes and it is available to all staff through a browser. Gurpreet Birdi Intranets may also be extended into extracts. These could include customers and suppliers as well as staff of a business. E5: describe the management style and culture of the business ...read more.

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