Analyse different types of business information and their sources. Examples from Drayton Manor
Analyse different types of business information and their sources. Verbal information: Verbal communication can either be done face-to-face or over the telephone. The best way to communicate is face-to-face because there is less space for misunderstanding and it allows for verbal and non-verbal messages. The advantage of using verbal information is it's easier to communicate verbally than any other way because you get to understand every detail that is being spoken by the other person and speech enables complex ideas to be expressed and discussed. Some people find talking is the most comfortable method of expression. For example, Drayton Manor communicates with their staff verbally at a staff meeting about the new plans for the business and the changes that is happening and this is an advantage because the staff get to ask questions about the changes and they can get there opinions across about the plans. Also the employee will feel appreciated by the employer if they are being listened about their opinions which can lead the employee to stay in the business but the disadvantage is if Drayton Manor makes decisions about the improvement of the theme park without the employee's knowledge then this can lead for the employee to resign the job. The disadvantage of using verbal information is that it's not always possible for Drayton Manor to meet in person because with the
Unit 4 Business Studies
Unit 4: Investigating Electronic Businesses Introduction In this unit I will be comparing two existing businesses which I will be choosing and in the comparison I evaluate whether they achieve their business aims and objectives of having an online presence. In the second part of my coursework I will be recommending some improvements which are to be made for one of the businesses, and I will also highlight some factors which influence a business to open themselves up to online trading. And finally I will be also designing a new website for a new business and planning the creation of the new website. Electronic business is: "Electronic Business, or "e-business", may be known as a business which relies on an automated information system; today this is done by web-based technology. The term "e-business" was put together by Lou Gerstner, CEO of IBM. The Electronic business methods allow the business to put together their external and internal data together more efficiently and flexibly which allows them to work more closely with their key stakeholders; and to reach the expectations of the stakeholders like customers. E-businesses usually include e-commerce; e-commerce is simple seeks to add revenue streams using the Internet. The internet helps them build and enhance relationships between the business and the key stakeholders being the customers and improve efficiency.
Outline electronic and non-electronic methods for communicating business information using examples for different types of audiences
Unit 4 Task 1 and merit 2- "Outline electronic and non-electronic methods for communicating business information using examples for different types of audiences'' Introduction In this assignment I will explain different types of electronic and non-electronic methods and will use different types of suitable recipients to refer to them. I will also explain different types of audiences. Age and attention span Most people who are younger can concentrate for less time whereas older or more educated people can focus or listen for a longer period of time. Younger people respond more to videos, images and PowerPoint presentations, whereas older people can read for a long time such as reports etc. Age, gender and ethnicity To illustrate your explanations, it's a good way to interact with the audience by reflecting on their ethnic background, interest and their experiences. Also draws from the experiences of men and women in a positive ways. Special needs of audience Accessibility Large fonts in leaflets and PowerPoint presentation should be used for people who are partially sighted and colours like green and yellow should be avoided due to visually impaired people. People who need to lip read should be sat at the front so the speakers can face towards them. Some people who have mobility problems, such as wheel chairs need to have enough space to come so therefore chairs along
ICT in Business
ICT in Business The main aim of this assignment is to establish the growth of E Commerce within British Retail. In order to do this appropriate research methods must be carried out which will mainly be done via internet. The two main E Commerce businesses I have chosen to research are Amazon and eBay, which are the two major e commerce stores currently dominating the online market. British Retailing is also named as 'E Tailing', e-commerce consists of the buying, selling, marketing, and servicing of products or services over computer networks. The information technology industry might see it as an electronic business application aimed at commercial transactions. Out of the two chosen e commerce companies it has proven that eBay is one of the main dominating companies it has been predicted that by April 2010 online shopping will have expanded by 320% resulting £60 billion a year and accounting for 20% of all UK sales. Amazon was launched in 2000 and has taken on alliances such as 'Cars Direct', 'drugstore.com' and 'wireless phones.com' which has a connecting link to other British retail stores online. By Amazon and eBay using e commerce as source of British Retail it will enable consumers to access products a lot faster which will save time as opposed to going out and physically going to have to buy them. The benefits of using ICT within this specific area of British
Evaluate if a car manufacturer and a carpenter need ICT to succeed.
Evaluate if a car manufacturer and a carpenter need ICT to succeed. For years car manufacturers made and sprayed all cars by hand. This was a very long and tiresome process which took a lot of labour and cost employers a lot of money. However, recently there has been a huge development in technology which has changed the industry completely. For example the spraying and building of cars is now done by robots. This means the job is done at a faster rate and is more efficient. This is important because it means the company can save money by not having to pay employees by producing more cars in less time. The advantages of using robots are that labour doesn't have to be paid and the robot works more efficiently. On the other hand the machines need to be programmed/ fixed and this means someone must be employed to do this. Also, making a lot of employees jobless, won't give the company a very good image and people may start to "boycott" the company. Whether or not switching to robots is a success will depend on how quickly the company can replace the money spent on buying/building the robots in the first place. It also depends on how much the robots cost to run and whether or not they are really efficient. A carpenter could use robots in the same way. Robots can carve etc. wood more efficiently than a human can. This would mean the company could increase its output. However the
Baltimore Royale Suites.
Introduction This study provides information on Baltimore Royale Suites. Section 2 of this document contains internal strengths and weaknesses and external opportunities and threats. Also this section contains advantages and disadvantages for all-suite hotels. Section 3 of this document contains recommendations for Baltimore Royale Suites. 2 Situation Analysis and Preliminary Assessment This section includes a SWOT analysis of the Baltimore Royale Suites case study and preliminary assessments based on currently available data regarding market conditions, market segmentation, and market size. 2.1 S.W.O.T. Analysis of the Royale Suites case study This section reviews the strengths, weaknesses, external opportunities, and external threats (SWOT) for Baltimore Royale Suites in its current situation. Internal Strengths * There is no ordinary rooms in the hotel * Quality evaluations are very good compared to competitors * Located a within blocks of the financial district and Inner Harbor tourist sites External Opportunities * Increase sales figures * Increase net profit Internal Weaknesses * Not too many amenities * Received little promotion both locally and nationally * No kitchenettes External threats * Other hotels or units that offer similar service with the competitive price or even at the lower level * Down falling economy 2.2 Preliminary Assessment of
business online
Task 1 In the report I will be investigating why it is important to have a business online, how it affects the business and the importance to investors and other businesses. I have chosen two businesses to research how being online helps them what their aims and objectives are A) 1. The online business I've chosen is Amazon 2. The super market I've chosen is Tesco B) Amazon.co.uk is famous for selling books but the turn over wasn't making enough profit, but now they sell other stuff like from cameras to coffee machines, exercise videos to Elvis CDs, they say there's something for everyone. They also enable independent sellers to sell new and used items on their website via Amazon.co.uk Marketplace. Within Amazon.co.uk you are able to use a variety of resources to help you make your choice, this including customer reviews and personal recommendations. The Amazon Associates program was the first online affiliate program of its kind when it launched in 1996. Today, it is the largest and most successful online affiliate program, with over 1,000,000 members world-wide Customer Focused - Amazon seeks to be the world's most customer-centric company, a place where people can find and discover anything they might want to buy online. Previously Amazon only sold books, music and toys, as they found out that they weren't even breaking even so they decided based their company
'E-commerce'
Explain what is meant by the term 'E-commerce'. It is the conducting of business communication and transactions over networks and through computers. As most restrictively defined, electronic commerce is the buying and selling of goods and services, and the transfer of funds, through digital communications. However EC also includes all inter-company and intra-company functions (such as marketing, finance, manufacturing, selling, and negotiation) that enable commerce and use electronic mail, EDI, file transfer, fax, video conferencing, workflow, or interaction with a remote computer. Electronic commerce also includes buying and selling over the Web, electronic funds transfer, smart cards, digital cash (e.g. Mondex), and all other ways of doing business over digital networks. Assess the advantages and disadvantages of E- Commerce information systems. Both the consumer and the supplier of a product can benefit from when using Electronic Commerce many obvious advantages. The consumer can browse through a whole shopping mall from the comfort of his or her own home, and products can be purchased and delivered right to their home. E-Commerce removes the hassle of crowds and line-ups from the consumer's routine. The supplier has the advantage of keeping their store open twenty four hours a day, seven days a week - without having to hire the staff to maintain it which saves