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AS and A Level: Structures, Objectives & External Influences
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- Marked by Teachers essays 9
- Peer Reviewed essays 1
With manufacturing plant in Warrensburg, Missouri, SMC owned an annual capacity of 10,000 riding mower units on a single 40-hour-per-week shift with distribution mainly in non-metropolitan areas. About 75% of sales of SMC were made in non-metropolitan areas. SMC sold 30% through wholesalers, 25% through direct-to-dealer, 40% as private-label, and the rest 5% as exports. It sold the Ride King through wholesalers, who located throughout the country, focusing on farm dealers situated in the south central and southeastern US. SMC remained a profitable company since its founding with a net profit return on sales of 10 percent or more annually.
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As well as a PLC and Partnership, there are also other types of businesses. There are: * Franchises * Private Limited Companies * Co Operatives * Sole Traders Franchise A Franchise is a business, but it doesn't involve the normal risks of starting of as a sole trader. To sum a franchise up, it is a little business that gradually expands. It's like a growing child. It starts of as a baby (the start of the business) and grows into a man (the end of the business growing). Typical examples of a franchise are, The Body Shop, BSM and Kentucky Fried Chicken.
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Usually it's done through magazines, TV, classifieds, search engines, email, newspaper, billboards, etc. This is one of the trickiest areas of marketing as you can waste a lot of money very quickly. Activities under this area include creative development, testing and media buying. 4. Manage client relationships Building and maintaining strong customer relationships is seen as a core function of marketing because selling to a customer who loves you & trusts you is 100 times easier. Activities under this area include: * Conducting customer satisfaction surveys to see whether the business is meeting the customers' needs at satisfactory standards.
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Investigate three contrasting businesses and describe their aims and objectives and current forms of ownership
By having this position they have a key objective for a business. Customer centred Some of the business put customer needs and satisfaction first, so their aims are customer centred. The company with aims like this wants to provide high levels of customer satisfaction by having high standard customer service and products in high quality. Objectives Objectives are goals by which, if successful, it will enable the business to have longer term aims. If managers and employees are loyal to the objectives of a company then business is more likely to achieve success in business environment.
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popular high street fashion chains, which are Topshop, Burton, BHS (and Tammy), Dorothy Perkins, Topman, Wallis, Evans, Miss Selfridge and Outfit (this is the only store that is not a clothing brand in its own right, but is an outlet that sells clothing from the other eight stores). This business is owned by Sir Philip Green and his family, who bought it in 2002. As well as the UK, Arcadia has stores in 30 other countries around the world.[S2] Arcadia Group and its nine stores Organisational Objectives Arcadia's mission statement is "To provide a unique shopping experience where choice is paramount, by taking a portfolio of successful high street brands to quality retail parks."
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For this task I have decided to look at how many different changes in the economic environment can have an impact on Keith Ian Estate Agents.
In turn they may have to loose out on other things for example cleaners. High inflation in house prices may lead to shortages of houses for Keith Ian to be able to sell due to consumers speculating about the future, thinking that house prices are going to carry on rising. Consumers are more willing to buy properties as they feel positive about the future and that it'll be worth what more than they bought it for. This is not always the fact as house prices fluctuate all the time, but with the increase in peoples buying interest to houses this has positive affects for Keith Ian.
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Outline key features of legislation and regulation on health and safety as applied to working conditions in a selected manufacturing organization and a service provider.
The regulations expand on these duties and are intended to protect the health and safety of everyone in the workplace and ensure that adequate facilities are provided for people at work. All hotels needs to make sure that their guest are staying in a health and safety environment. For the Marriot hotels they have their common hazards that is associated with their hotels here are some of the hazards that you will come across. Portable Electrical Appliances In hotel rooms, portable electrical appliances such as hairdryers, kettles, irons and televisions require assessments.
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- This will motivate them as it makes them work harder and produce more work. Some companies offer fringe benefits to their workers. This is free things you get for going the job such as free private health care, subsidiary canteen, company car etc. Some workers may work extra hours (overtime) as they get paid more (usually double per hour what they are currently paid at). This encourages them to work longer hours. Incentive schemes such as retention points are given to employees to encourage them to take on more responsibility.
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Continuously improve, allowing martin to maintain there position as world leaders in intelligent lighting systems (light systems controlled via a control panel), and to help them work towards their objective of becoming world leaders in architectural lighting and smoke machines. 3. Consistently provide high quality 100% defeat free products and services. This is important to martin because if they don't provide consistently high quality products there customers will not come back to them. 4. Develop 3 or 4 new products a year, this is important to Martin, as they need to try and stay ahead of the competition.
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This is an aid to help the Airport make sure they are not exceeding pollutant levels and are continually achieving their objective. In addition to this they made a commitment in their environment plan that they would purchase a PM2.6 monitoring station for Manchester South, by 2010, however, this target was completed during 2008 as it was purchased and is now up and running. The have also tried to reduce emissions the Airport gives off by introducing a 'Smart' electric car on a 3-year lease.
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External influences on business. At ASDA we have to follow the following employment legislations and data protection legislations.
Consumers are willing to take businesses into court for damages which can be quite large. This is why businesses need to be very careful indeed, and take out insurance against this danger. The price of this insurance is rising sharply, which all adds to business costs Consumer Legislation At ASDA we have to comply with many consumer legislations for each department and some of these legislations are: Data Protection Legislation This act states that the customer's information should be kept secure. It is very important in protecting individuals' personal data. Individuals or organisations have to comply with eight principles of good practice.
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> Five-a-side football tournament for year 9. This is another event that our group was fond of. This event would also be easy to organise but can take longer to organise as a lot more paper work is required and needed. For example we would need permission from teachers to watch over the game and parents consent that there child is staying behind after school to play football. Choice of event The group I am working with has decided to organise a eleven-a-side football match for 6th form students only.
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Employees This theory can be linked to the management of Alton Towers. As Maslow's theory stated that the basic needs may be required before employees can be motivated to work, management are able to offer work to their employees to make sure that these basic needs are covered. Also, the managers at Alton Towers ensure that their employees are paid above the national minimum wage so usually; the basic costs that will help motivate their staff will be efficient. As Maslow explained in his theory, employees are not motivated by being offered higher wages or financial rewards but are more concerned with the factors that are stated on Maslow's hierarchy of needs, such as psychological needs.
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Therefore, a partnership should usually only be used when there is little possibility of bankruptcy. Another advantage of setting up a partnership is that there are a greater variety of ideas and skills available, due to the greater number of people involved. This may be beneficial to the business during the development and decision making processes of the business. Finally, another advantage of having more than one person involved, is that if one of the partners is unavailable to run the business, there is more of a chance that there will be someone available to maintain it.
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Better planning and monitoring for Tesco's, builds more profitable and a successful company. Plans and how they are monitored can be divided into four key areas (shown below): * aims and objectives (the setting of plans) * action planning (looking at how to achieve these plans with targets and strategies) * maintenance of effective operations (how resources can be used to make sure those plans happen) * monitoring of performance and future planning (checking that the plans are being met and making changes to improve the business in the future)
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I will also do some secondary research; this will consist of finding already collected data on the internet, in books or newspapers. With this I will see how other projects similar to this have affected business, or simply using already collected information on the Stansted expansion itself to forward my project. I may also be able to find information on a much more national basis, as the primary research I conduct will only be local, and will not represent the national view of the expansion.
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This information could be used by them to find out the number of customers that visit the store on a regular basis. This information would be very useful to Marks and Spencer to find out which Marks and Spencer store was popular from this they would be able to determine if they could expand the store and introduce more goods and service to their customers. Qualitative research provides research on customer feelings and product or service that they have received.
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Ownership and finance for my business. The business I am doing is a clothes shop and I am looking to find out how this type of business will start up and get established.
A business organized as a sole trader will likely have a hard time raising capital since shares of the business cannot be sold, and there is a smaller sense of legitimacy relative to a business organized as a corporation or limited liability company. It can also sometimes be more difficult to raise bank finance, as sole proprietorships cannot grant a floating charge which in many jurisdictions is required for bank financing. Hiring employees may also be difficult because sole traders may not have the advertisement facility to advertise on newspapers, online, etc.
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I will be answering the question: 'Is it feasible for Subway to expand by establishing a second sandwich outlet in Central Croydon'. It is a well-known brand but in the UK not many customers are familiar with this established name. I will make sure these potential consumers know it. I plan to do this by identifying an opportunity in the market and if there is a gap. I plan to use forecasts to see whether my business will be successful such as cash flow and break-even.
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They invite us to explore, dream big and learn more about what they can offer us. Oxfam is a development, relief, and campaigning organisation that works with others to overcome poverty and suffering around the world, these are the largest global organisations. Public, Microsoft operates in public businesses in the world wide. This meaning of a "public company" comes from the tradition of public ownership of assets and interests by and for the people as a whole (public ownership), and is the less-common meaning in the United States. In the UK there are vital public organisations that left.
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socks, underwear), caf�s and petrol stations. The Morrisons I am going to investigate is right next to my school, it has several facilities such as caf�, salad bar, pharmacy, butchers, customer service desk and restaurant. Morrisons are in an oligopoly market but it is highly competitive among the major stores but the market is lead by Tesco. These are the external constraints I will look at: Economic factors - relate to changes in the wider economy. A growing economy provides greater opportunities for businesses to make profits, so businesses welcome rising living standards.
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This aim can be achieved depend the way the company promote its products or services. To survive: this is the company's another main aim which its to survive, many businesses including British American tobacco aims to grow by expanding their sales or profit as quickly as possible. For the business to survive the business will need to catch the attention of customer as they always do and this will eventually help the company to gain more capital to survive this business.
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As the first country to issue stamps, British stamps are the only stamps that do not bear the name of the country of issue on them. They are unique in designing and producing the UK's stamps and philatelic products to celebrate anniversaries and momentous occasions. They also offer electronic stamps to use as a novel and eye-catching promotional aid for businesses. They even enable people to personalise stamps with a favourite photo of their customer's choice, to share with friends & family for invitations, birthday greetings and letters.The Royal Mail runs, alongside its stamped mail services, another sector of post called business mail.
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