I have decided to study about an entrepreneur that has opened up a business within the last five years. The coursework will be a study of the motivations and achievements of the proprietor.
Contents Page Introduction 1 Types of Management 2 The Business 3 The Market 4 The Competitor 5 The Process of the Business Start-up 6-7 The Proprietors Motivation through Motivation Theory 8-9 The Extent to which the Entrepreneur uses business methods 10 The Future of Business through a survey of customers 11-15 The role and the reward of being an Entrepreneur 16 . Introduction For my A2 business studies coursework, I have decided to study about an entrepreneur that has opened up a business within the last five years. The coursework will be a study of the motivations and achievements of the proprietor. Some of the things I will consider are: > The business, the market and it's competitors. > The context and process of the business start up. > The proprietors motivation through motivation theory. > The extent to which the entrepreneur uses business methods. For example cash flow forecasting and break even analysis. > The future of the business through a survey of it's customers. > The role and rewards of being an entrepreneur. .1 Who is the entrepreneur? Name: Mr Kuldip Singh Occupation: Single owner of a manufacturing, embroidery and quilting factory. Business Name: Midland Quilters Limited Year of start up: 1998 Year it became Ltd: 2000 .2 Details: Mr Kuldip Singh opened up a small business in
There is a high percentage of family business in Europe but only one third of those family businesses will successfully make the transition from each generation to the next
.-TERMS OF REFERENCES. There is a high percentage of family business in Europe but only one third of those family businesses will successfully make the transition from each generation to the next (www.economist.com). Succession in a family business is not an event but a process and it involves the transfer of both management and ownership. Percentage of family business sectors 1 Percentage of businesses 1 2.-PROCEDURE AND METHOD EMPLOYED. The procedures I will follow in this report are as follows. Firstly, I will explain which are the advantages and disadvantages of family-owned firms explaining each of the reasons. Secondly, I will come up to a conclusion and thirdly I will propose some ideas that the government can take to assist family-owned firms. 3.-FINDINGS 3.1-ADVANTAGES OF FAMILY-OWNED FIRMS. When the company is owned and managed by family members with common goals and common basic values, it can shortcut much of the agreement negotiations that usually accompanies decision making in other business organizations. When family members´ minds run in the same channel, the business can run circles around the competition and can reach to be top performers. However, the advantage can be lost when family members lose sight of their common goals and can paralyze the company with conflict. Insurance, time off and other benefits usually cost a business less when several
The history behind the Boots.
Boots The history behind the Boots A man called John Boots from Nottingham founded boots in 1815. John started creating herbal medicines that were popular at the time. He took advice from his mother and used one of her remedy books for instruction. He gained a skill for creating healing remedies that were successful. He opened up a little shop in which to sell these medicines in the late months of 1848. His shop was named "The British and American Botanic Establishment". He lived on for a further 12 years running his shop until he died at the age of 45. The shop was then taken over by his wife and son. Together they made the business run very successfully and it was seen as very popular. The two of them decided to start trading under the name of M & J Boots (their initials). They reduced prices and started to increase customer awareness by advertising. The business was ready for expansion by the end of the 1870's and in 1881 they did so. 1883 saw boots turn to being a Private Company renamed as Boots And Company Limited. Boots stores were not a regular site until 1893 when there were a total of 35 stores then the 1900's saw over 250 stores spread nationwide. The boots web site states this comment "In 1913 sales in the 560 stores across England and Scotland amounted to over £2.5 million a year" this shows that they had become very successful very quickly. Up to date Now
What is your understanding of ARC framework? Are the elements in this framework (A, R and C) substitutes or complements?
Topic: What is your understanding of ARC framework? Are the elements in this framework (A, R and C) substitutes or complements? ARC framework often appears in an effective organisation design. This framework is made up of three main components, architecture, routines, and culture and it intends to address the coordination and incentive problems that plague many potentially successful organisations today. To unleash the full potential of these organisations, it is imperative to build a better understanding on this framework. So, this essay will examine the three components and their relationships in this framework. There are infinitely many ways for firms to tackle coordination and incentive problems. However, without any form of order, they are more confusing than helpful to the organisation designers. So, to make the framework more assessable, the designers categorised them into three main groups; Architecture, Routines and Culture. And, this framework has since then been named: ARC framework. The architecture component of this framework can essentially be divided into two sub-groups; the architectural structure and the compensation system. The former is used specifically to target the coordination problem; while the latter the incentive problem within the organisations. The challenges that come under the 'structure' subgroup include issues like, 1) the basic division of
I will make a website about computers this will include issues on hardware and software
COURSEWORK 1A HARDWARE & SOFTWARE Name: Shayaz Miah Candidate No: Centre No: 15223 CHALLNEY HIGH SCHOOL FOR BOYS . Introduction I will make a website about computers this will include issues on hardware and software. It will be aimed at people new to computers and people who would like to know basic things. I will put on my website how to use a simple word processing program. There will be videos and some audio and graphics and text. I will also explain simple meanings of words e.g. RAM, GHZ, MHZ. There will be a section also showing the inside bits of the computers. 2. Collecting Information For the Task Key Skill 1 Find different types of information from IT sources and non-IT sources * I will get pictures, videos, some audio & text mostly from the Internet because it has an adequate amount; I also may get some images & text from magazines and books these will be my non-it. Key Skill 13 Identify suitable sources of information * I have searched on the internet for information there is a screen dump below of me searching for information on the search engine google. Example 1 I need to find a picture suitable for my front cover/home page * A suitable picture can easily be obtained from a magazine there and then be scanned in there is a picture below of a picture that has been scanned in which can be used for my front page. Example 2. I can get this
So what's Eentreprenew?
SO WHAT'S ENTREPRENEW? By Melanie Low 024803819 Winter 2004 Submitted to Dr. Mary Han School of Business Management in partial fulfillment of the requirements for ENT 526 - Introduction to Entrepreneurial Behaviour February 12, 2004 Ryerson University EXECUTIVE SUMMARY This paper discusses the many issues and concerns that entrepreneurs face when hiring their first employee. For small business owners, hiring an employee can be a frightening due to lack finances and the high risk level. Therefore they must do their research in order to make an informed decision. Deciding when and whom to hire are critical factors. Timing is an important factor because the owner must have the financial means to hire and have the product demand to justify the need for a new member. The right person is also critical because it can be costly for small businesses to go through the hiring process. Losing a valuable employee is like losing an asset and can also have a damaging affect on the company. Therefore, it is important to offer adequate compensation or affiliation to the company for the employee. The First Employee discusses the many issues faced by sole proprietors when their business reaches a growth stage where they are no longer able to manage their venture single handedly. The article features Carrie Wong, owner of Practical Gourmet. Carrie has made the decision
Objective: To understand the basic concepts of organisational structure as they appear on/affect ICT systems.
Organisations Objective: To understand the basic concepts of organisational structure as they appear on/affect ICT systems. What is an organisation? An organisation is a collection of human and non human resources that are brought together in order to fulfill a designated purpose. . Supermarket 2. School 3. Shop 4. Large commercial enterprise 5. Small informally structured non commercial group - green peace In some cases the structures are clearly defined and inflexible, in others the structure is less formally defined. Factors which determine the structures: > The size and the complexity of the organization the larger and more complex the organization the more likely it is to have clear lines of authority. > The geographical spread of the organization, those spread over a region often have a structure which reflect this with regionally based departments. > The value and the beliefs of the organization- some executives prefer more flexible structures believing they make more sense. > The nature of the organization- a multinational business may require a separate area for specialization. ( I.e. tesco's goal is profit, green peace goal is informing, protecting etc) Hierarchal Model: > Used for large commercial organizations > Dominate the business world > Maybe based on a division of personnel Key Words: > Chain of Command- path through which instructions
Sainsburys The purpose of this report is to find out the faults in the recent project of Sainsbury that led to the expensive fiasco by focusing on the supply chain management and outsourcing which has been used by the organization in the past few years.
Summary The purpose of this report is to find out the faults in the recent project of Sainsbury that led to the expensive fiasco by focusing on the supply chain management and outsourcing which has been used by the organization in the past few years. The main objective of this report is to enable the reader to understand the situation of Sainsbury, what problem that Sainsbury is facing as being the third largest supermarket in the UK, and what mistakes they have made when applying the IT into its business which eventually caused the supermarket has written off £ 140 million in IT assets, and a further £ 120 million on its distribution system and also reasons of the failed investment which led to a tremendous loss on its sales and market shares will also be stated in this report. After outlining the faults in the recent project, the management faults will also be identified, and a further discussion on what made the management failings that led the first-ever loss. Besides focusing on the failure investment and management, the report will also outline that if there might have been any other reasons leading the loss of market shares, for example, customer, non food ranges, and availability of stocks, supplier-customer relationship, quality, staff turnover, and strategies and so on. Finally, various recommendations will be suggested based on the problem, possible remedies
An I.T. System for Estate Agents
Introduction 1 Specification 1 Analysis 2 Design 3 Input 3 Storing 3 Processing 3 Output 3 Testing 3 Evaluation 3 Introduction I am going to be designing a system that will be used by estate agents. This system is being created so that it will make the estate agents job a lot easier and more organised. At the moment estates agents are using a paper-based system but I am going to change this to a computerised system as I think it will have more advantages for them. Estate agents have many different jobs, which they have to carry out but the way in which they are organised is not very efficient and I have found a few problems that need to be solved within the way that they are currently working. The main problem that I have found with the way that estate agents work is that the system that they are currently using is a paper based system, to solve this problem what I am going to do is design them a new system that will be created on computer. This will hopefully help them in a great deal and improve their way and quality of working. The different jobs that this system will help he estate agents to do is a number of different things including: * Searching for houses in certain areas and price ranges * Storing details on houses and customers * Collecting data * Mail merging letters to customers * Contacting solicitors through email * Giving quotes * Sorting
Business solution: I aim to design a computer application that integrates all the companies support needs in one system.
Business Solution By Peter Carroll .0 Background .1 Task Select a business situation, that has a problem, in some business way. Produce a scenario to demonstrate the business area of activity and the present working practices, both of a functionality and technical nature. From your scenario, produce a report to the management that satisfies the Outcomes and Assessment Criteria. Demonstrating the problem(s) and your proposal in order to solve them through the use of business application development tools, packages and techniques. .2 The Scenario I work for a consultancy that specialises in engineering however the companies finance system and HR system is outdated, and the company is growing larger each day as a result of winning successful bids for new contracts. The need to develop the existing network and back office system is imperative to survive in today's market. The company has three building within London and employs 300 staff with varying skills and capabilities. The specialisation and nature of the business is transport system engineering and the majority of staff employed are skilled technicians and engineers, however there is a large number of staff making up the finance and HR departments. My role in the company is to provide cost saving solutions and ways to improve and develop efficiency throughout the business. As assistant manager within the business
