P1 Tuesday, 25 June 2002 Sam George Types of Ownership The Odeon Cinemas i. The Odeon cinemas are all over the country they are involved in the showing of films and have been sold and bought many times, they sell food and drink in all of the cinemas and they are very popular. They are continually increasing their sale price. The company is a private limited company; the advantage of this is that they area able to sell shares to friends families or people that they want to sell the shares to, although they do not sell their shares on the stock exchange. This is they way that businesses can raise capital easier. A disadvantage of this is that you have to share much of your profits withy the shareholders. ii. The liability of the owners in the Odeon cinema is limited, this means that they can only lose what they have put in to the company, all of the owners in the company will only lose what they put in to the business this means that if the owners put in the mortgage on their house then if the company go bankrupt then they will lose the mortgage on their house. iii. This is a good ownership because the company needs to have a steady income that they can guarantee and selling shares is the best way to do this, but they only sell the shares to the people that they want to sell them to this insures that they only get customers that they can rely on. a)
Chapter 1 An introduction to linear programming This assignment is mainly about linear programming model of business planning and control. Linear programming which is a relatively young mathematical discipline. It is dating from the invention of the simplex method by G. B. Dantzig in 1947.1 Linear programming is used in economics and management. Linear programming is the most useful and frequently used problem solving tools. It has been defined as that "linear programming is mathematical solution technique that enables manger to make decisions concerning the best use of an organization's resources."2 This model is always used in many industries to maximize or minimize some quantities (for example: profit, costs.) Mathematically, the linear programming models usually maximize or minimize an objective function subject to a set of constraints. The goal of this literature is to find the best possible solution. At last, it can be found the best possible solutions so that the objective function is maximized or minimized within the given constraints. The basic format of linear programming is to find an objective function of a maximum or minimum functions first. This function is the finally resulted. And then according to the conditions of the case to identifying the other functions, every optimal solution to both problems can be characterized by setting their objectives equal
Upon completion of watching the documentary The Corporation, I found it to be very educational and informative. It has raised a lot of elements which has to do with my Corporate Social Responsibility subject.
Reflective Report Upon completion of watching the documentary 'The Corporation', I found it to be very educational and informative. It has raised a lot of elements which has to do with my Corporate Social Responsibility subject. It was an experience worthwhile and definitely interesting to be enlightened with much exploitation that corporations have been plaguing the world so far. I personally would never have known of these exploitations if I had not watched this documentary. What intrigued in me most was when the documentary touched the topic on the behaviour and attitude of Corporations itself. Corporate crime was hot in 1990's and these corporate criminals were off the hook. The pervasiveness of corporate crime back then were frequent and maybe due to the fact that there was not enough sanctions and punishments in place to handle the corporations or act as a deterrent. These are just the jist of the many pointers shown in the documentary. I have decided to write a reflective report on the documentary by dividing them into three (3) sections such as the following. Firstly, one of the main focus points that caught my attention was the 'environment'. As we all know, the environment has been the very surrounding we live in. Keeping a clean environment will only ensure the level of cleanliness that we live in. The air we breathe, the water we drink, the gentle aroma and
PEST Factors at Tesco PEST factors (also known as the macro-environment) are four external factors that any business, especially large multinationals like Tesco should always monitor and take into consideration when running the business. The PEST factors that affect Tesco are: * Political - Marketing decisions are strongly influenced by changes in the political environment. Changes such as new legislations put forward by councils and governments, not just in the UK but also in the other thirteen countries that Tesco operates in. One legislation that affects Tesco rather predominantly is planning permission; a law heavily regulated in the UK, and as Tesco has approximately 2.75 million metres of shop space (inc. car parks and stock rooms). Owning so much space and with so many large superstores can make this factor a very difficult one to overcome. Furthermore, to make matters worse for Tesco, in 2004 'The Planning and Compulsory Purchase Act" was introduced, with its main aim to listen and work with the public for what they want, along with many strong opposition groups hindering Tescos plans for expansion. Before Tesco enters a new nation, it needs to be aware of any political instability that is happening or has happened in the past, and is likely to affect its trade. The thirteen countries in which Tesco operates are all politically stable and are not in danger of any
THE EXPANDING FIRM Contents: Introduction Types of company The role of the stakeholder Strategic planning Research objectives Conclusion Introduction: This is a report for David Jackson, by Gareth Hogan of Maple Management Ltd The report will cover the differences between types of business organisations, which ones would be recommended for Mr Jackson, the expectations of stakeholders, and the process of setting and strategic planning. Other things being equal, to start any business in the private sector, the owner must first have a profit motive in order to encourage would be investors to buy shares in the company. A profit motive is simply the intention to make money. This is needed because without money, there can be no opportunity to establish the company be it as a sole trader, a PLC, or a partnership. Types of company: The majority of businesses in the private sector are sole traders, public limited companies, or partnerships. A business, which is a Public limited company, or a Limited company, has shares, which are sold on the stock exchange to members of the public. A PLC has the opportunity to raise large amounts of cash by doing this, although the liability of the shareholders is limited only to how much of the company they have invested in. The shareholders do not wield a lot of power within the business structure with the exception of being able to vote
Internationally, over the past few years, much emphasis has been placed on the importance of corporate governance. In a recent study Moxey (2002) argued that there is a growing consensus that corporate governance has a positive link to corporate performance. Countries with high standards of corporate governance practices are more likely to attract international capital. If corporate governance had been deeply flawed, the current level of national productivity could not be achieved. Generally speaking, large incorporated businesses are usually owned by one group of people (the owners or shareholders) whilst being run by another group of people (the management or the directors). This separation of ownership from management creates an issue of trust, called Agency problem. The management has to be trusted to run the company in the interest of the shareholders and other stakeholders. If information were available to all stakeholders in the same form at the same time, corporate governance would not be an issue at all. With the same information as managers, shareholders and creditors would not worry about the management wasting their money on useless projects; suppliers would not worry about the customer not fulfilling its part of a supply agreement; and customers would not worry about a supplier firm not delivering the goods or services agreed. However, in the real world of
Globalization creates more opportunities for UK business than threats. To what extent do you agree with this agreement?
Globalization creates more opportunities for UK business than threats. To what extent do you agree with this agreement/ (40 marks) Globalization is the growing trend towards worldwide market in products, capital and labour, unrestricted by barriers. In many years, companies want to increase their sales, profits, or maybe fulfil their ambitions, they started to change themselves and become a multinational company, with the expansion through free trade between countries where the reduction in tariffs or quotas have been helping a company to work better than ever. As globalization is a way to expand the company, there must have opportunities, or else, the company will not do it. Through globalization, businesses will have the greater opportunity for selling goods in other countries. Entering a new market which is not saturate can give the chance to increase sales, economies of scales and improved profitability. For example: China. It has the biggest potential market in the world due to the rapid growth, also the China government policy initiatives spur demand Different companies are exploiting it. Mothercare is one of them, they signed a joint venture with DF Brands and opened store in India and China. Through the sign with joint venture, or joining a partnership, the risk of globalization will reduce, for any impacts on stores or firms, it will be split and solve between
Why did Derbyshire and Flintshire prove to be such an attractive proposition? Toyota Motor Manufacturing (UK) Ltd. - "Derbyshire were offering a site of almost 600 acres at Burnaston - about 7miles from Derby city centre - on a relatively flat and easy to develop piece of land. The site chosen for engine production was the right size and shape on a well prepared industrial park 7 miles from Chester. Both locations offered good transportation links to all parts of the UK and Europe. We were made aware of the availability of a large skilled and flexible workforce close with strong roots in engineering and manufacturing and a first class environment in which to live and work. The local authorities also showed great enthusiasm and willingness to assist. The sites not only provided and effective infrastructure to enable us to operate i.e. electricity, gas, water, telephones but also business and personnel support services to help the Company and its people to integrate into the local communities." When choosing a location the firm ultimately looks at cost, (least-cost site). This concept is the idea of choosing a location that allows a firm to minimise its costs and hence its selling price. All the factors they will examine directly or indirectly will be linked to this factor. The main element in this is production costs, firstly wages, Average Gross Weekly Earnings (Adult
Motivation at Alton Towers Introduction In this report, I will be comparing the different use of motivational theories for different jobs within Alton Towers. I will also compare the different techniques that are used to motivate employees by considering the role they have at this organisation. In any organisation, there are many different employees that are motivated in many different ways. This is usually dependant upon their needs and wants of the organisation and what employees expect in return from the organisation they are working for. At Alton Towers, they have many different types of employees e.g. sales people, human resource workers, finance staff and admin staff. The term 'motivation' is defined as being prepared to do something in a particular manner in which helps them strive towards their goals. Being motivated, means where one influences people to maintain them to work to best of their ability. Motivational theories are linked to employees depending on their status and needs. Employers encourage their working staff by diverting their attention to maybe a financial reward at the end if they produce a good standard of work. Examples of financial rewards may be a pay rise or a bonus. A non-financial reward may be providing employees to having company discounts or promoting them to a higher status job. Comparison In this section, I am going to compare the
The aim of this investigation is to explore the feasibility of opening a competitively priced Nail & Beauty Parlour aimed at a wide range of consumers of varying lifestyles and age groups.
Introduction The aim of this investigation is to explore the feasibility of opening a competitively priced Nail & Beauty Parlour aimed at a wide range of consumers of varying lifestyles and age groups. A suitable location has been selected in the suburban town of Northwood, Middlesex, directly opposite the tube station, with many bus stops in the vicinity. Throughout the course of the investigation, various methods of Primary and Secondary research were adopted in order to evaluate whether the business was feasible. The proposed location is approximately...square feet in size and will cost ?7 000pa to rent, with rates of roughly ?4 000. All required materials could be purchased from 'Sally? Beauty Warehouse?in Collingdale, a town approximately 20 minutes away from Northwood by car. They offer bulk purchasing of all products related to hair and beauty at a discounted price and have a reputation for selling high quality products. The business will be called 'Northwood Nail & Beauty Bar? It will have a contemporary design, in order to appear trendy and upmarket. METHODOLOGY Secondary Research Objectives Objective 1 Discover if the chosen location will generate sufficient custom, by assessing the competition in surrounding areas and conducting a SWOT analysis of Northwood. This may be investigated by comparing the services offered by competitors to those of your own and