• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17

Perkins Diesel engines and Morrisons supermarket, Company organisation

Extracts from this document...


GCSE Applied Business (double award) Unit 1 - investigating business Aims and objectives (A1) The difference between an aim and an objective is that an aim is vague e.g. "we aim to make a profit" and an objective is more specific and says how much and when by e.g. "we aim to make �5 million by next month". Perkins aims and objectives; Perkins have a vision to be a $100 billion company by 2020. Perkins aims * To maximise profit. This aim means that they want to get the highest profit possible. This is important to Perkins because they want to be THE manufacturer of diesel engines and they do not want to just be a bit better than their competition, they want to be the dominant brand. * To empower and train employees. Having trained staff will be more efficient and the quality of the product will be as well. Staff having more responsibility will give the employees more job satisfaction. * To be ethical This aim means that they want to be honest to their customers and employees about the progress of the business and they want to be honest about how the company works and not to hold any secrets if the company if it is failing. Perkins objectives; * To reach 30% profit each year Perkins measures this objective by the profit and loss statement and break-even chart the "profit and loss" statement is a chart that shows how much the company has made or how much the company has lost and the "break-even chart" shows how many engines the company needs to make to start making profit. * Every employee has their own training and development programme. Perkins measures this objective by evaluating courses, measuring employee performance and meeting with managers. * Throughout the year key stakeholders are kept informed about the company's progress. it tell the important people exactly what Perkins is doing, has done, is going to do, and how well, these important are; shareholders, employees, ...read more.


to make the products (OUTPUTS). The process of this is called "Production". In the case of Perkins: Engines. Perkins uses TQM (Total Quality Management): This is used to focus attention to deliver high quality products and services, this means that all employees must take responsibility for the quality of their work. Employees must have training and commitment from everyone involved Perkins uses Just-In-Time for stock control: this means that stock must arrive just before they are needed. This method cuts costs but this means that Perkins has to rely on their suppliers to deliver stocks quickly and regularly The Finance department handles the money needed to run the business on a day to day basis. In the case of Perkins, the department monitors department budgets and handles the financial accounts (e.g. balance sheet, profit and loss, break-even charts). The finance department manages financial documents. For example, when Perkins buys goods from its suppliers they use many different documents including; order forms, delivery note, goods received notes, invoices, credit notes, statements, remittance advice slips, and receipts. These documents are also used as proof of purchase. The order form is used by the buyer (Perkins or a company buying from Perkins) to place an order for certain goods they might need. The delivery note is sent with the goods to tell the buyer what is in the container and if the delivery note says that the wrong goods are in the container the buyer can send it back and get a credit note for money off The marketing department is mostly concerned about customer needs. They must, find out what customers want in products, sell products in the right places, create various advertisements so the customers know that the products is available. In the case of Perkins, engines. Web sites are used as part of advertising and telling others around the world how the company works. ...read more.


D2 Impact of Change Morrisons When something changes in the market that Morrisons belongs to there is always an impact on each of the businesses, you could call it a ripple effect. E.g. Change; There is a new entrant into the market Impact; Sales start to fall because customers may go to this new place and so to counter this, Morrisons will have to start dropping prices or finding new products to sell. Change; Competition starts to sell new products Impact; Morrisons would start to loose customers to this business selling the new product, to counter this Morrisons would have to try to get a hold on this new product, a similar product or a better product to try to draw their customers back _________________________________________________ Change; Interest rates rise Impact; Customers with loans do not buy as many Morrisons products because they do not have enough money, this causes profits to decline, this then causes customers to shop elsewhere because Morrisons have a less disposable income and would have to start to dropping products because they are either not being sold or they do not have enough money to keep them. _________________________________________________ Change; Taxes on fuel rise Impact; This starts to eat into their profits because it costs money for the fuel they use to transport their goods from the factories to the warehouses D2 Impact of change (Perkins) Change; Exchange rates rise. Impact; This eats into their profits because it would cost more money to change their money from one currency to the currency of the other company. Change; Volvo Penta release a new and better product Impact; Perkins would be forced to release a similar new product and if they didn't they could loose some of their current customers to Volvo Penta. Change; The Government increase landfill taxes Impact; Because this payment rises it means that Perkins would not be able to keep all of their profits as they would have to pay some of the profits to the government. Simon Stahly ...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 Structures, Objectives & External Influences 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 Structures, Objectives & External Influences essays

  1. Marked by a teacher

    ASDA's Ownership

    4 star(s)

    The new deal for people entering employment through the new deal of age and employment was mainly covered by people under the age of 18. Based on their ages, people ages over 18 and 24 showed more people entering employment after university.

  2. Interdependence in functional activities in any business organisation

    Virgin Trains. * Strategic plans: Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. Various business analysis techniques can be used in strategic planning, including SWOT analysis and PEST analysis.

  1. The Business Environment Coursework. Describe the type of business, purpose and ownership of ...

    People can no longer afford to buy property. 60 years ago a man would go to work and earn �10,000 a year and buy a house for �25,000. Today the average income is �22,800 a year, but this average is high because there are a lot of people earning very high amounts for example �150,000 a year.

  2. Btec National Business Level 3 Year 1 - Exploring Business Activity

    Voluntary sector services: In the voluntary sector much of the emphasis in the aims and strategies of businesses is on providing service. E.g. Oxfam Ambulance service and their voluntary organisation designed to provide medical support to the public at times of need.

  1. Introduction to J Sainsbury plc

    The functions of a product department include the production of goods, quality control, maintenance of equipment, stock control, job evaluation, production planning and control, design and development, raw materials and component purchasing, control of stocks and despatch or distribution. How Production help to achieve Sainsbury's Objectives According to Sainsbury's production

  2. Vodafone Plc

    This could affect the communication because if one section of Vodafones business was in need of for example a balance sheet they could send this information very quickly and can be downloaded in a matter of minutes this is a good method of communication.

  1. Introduction to Tesco

    Tesco has also expanded into Thailand in 1998 and South Korea in 1999 through a joint venture with Samsung Corporation. It opened in Taiwan in 2000, and in May 2002 Tesco opened its first store in Malaysia in a joint venture with Sime Darby Sdn Bhd.

  2. Legal influences and their impact on Sainsburys Plc

    this is NOT ticked, we will assume that you ARE willing to receive marketing information'. Individuals often can get confused by this, as they assume that if they tick the box, this is opting out of receive information. - Been given the contact details of an individual when it sold them something else.

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