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AS and A Level: Structures, Objectives & External Influences
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I will now describe how external and internal constraints can affect my choices made in business. I will be required to research laws and restrictions to do with my product before I am legally allowed to launch it.
This uses penetration and psychological pricing strategies to help me establish a place in the football boot market. Personally, I feel I have picked the correct strategy for the situation I am in, but do understand that if costs of production do increase I may have to charge more. Promotion: Magazines and Sponsorship I feel these methods of promotion will be very effective for the setting up of my business. However could be very costly, therefore again cost constraints could again affect my business. This could lead to me changing my methods of promotion; however I feel this is unlikely.
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Business Strategy of Nintendo. This section will examine the industry in which Nintendo operate in and will also identify the competitive factors.
These 3 currently dominate the market but are facing a severe threat from the Smartphone industry which will be looked at later. Nintendo Gaming guru( .....his name) in an article for the 'economist' website noted that the current decline in sales in the market may be for the current choice of games on offer in the industry1 It also must be noted that this current generation of games consoles have gone more than half way past their product cycles and we are seeing the maturity phase currently where sales generally begin to decline.
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Trading terms and conditions Because I going to sell product I have to set clear terms on which the product will be sold to avoid future disputes arising. The terms and conditions of selling will also protect my business unreasonable claims from customers. The terms of sales should include price details, payment terms and arrangements. Trading standards Trading standards protect consumers from unscrupulous traders. The Supply of Goods and Services Act (1982 ) state that goods must be of satisfactory quality and fit for the purpose for which they are sold.
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Type of business, purpose, ownership and influence of different stakeholders( TESCO and DAGENHAM PARK LEISURE CENTRE)
As we can see from the name it is located in Dagenham and it's a local organisation and is part of the tertiary sector. The main purpose of this organisation is to offer the local community facilities such as a fitness suite, a dance studio, a meeting room, a sports hall, a climbing wall and much more facilities so people can practice different types of sports, dance and even hire rooms to organise meetings. 2. Describe the different stakeholders who influence the purpose of these contrasting organisations.
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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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I have chosen Marks & Spencers for this part, to analyse the consequences for different stakeholders of Marks and Spencers to see if they conduct the company in an ethical or unethical manner.
* Good public image/reputation * More investors will invest in the company Consequences for conducting business in an unethical manner Even though there may be good businesses, the company is still likely to drift off and that when bad reputation starts and conducts activities in an unethical behavior. There are very little companies who can actually maintain a high standard and not become a victim/ criminal of CSR. Environmental damage- the environment is paying the price of M&S success. Its stores are energy -intensive eyesores.
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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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Tescos. I am going to explain the ethical concerns facing the communities in which the business operates. I will also suggest measures that could be taken to improve corporate responsibility.
Employers increasingly come up against interview questions about ethical, socially responsible and environmental conduct. Business leaders say that the graduates they hope to recruit often demand to know exactly what their company is doing on issues such as community work, diversity and climate change. Companies cannot afford to close the door to the talent that will drive their business forward, so responsible business must be ethical. Local and regional community The local community is a big influence on Tesco as their house prices are affected by Tesco.
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Most large scale businesses like Tesco take their ethical responsibilities very seriously. They are therefore, prepared to adopt the ethical behaviour to avoid the consequences as the following statement from Tesco show: "Each Tesco store has waste targets that must be reviewed and reported every week. Achieving a balance between product availability and waste is a key part of a store management team's daily routine" Responding to ethical pressure Ethical pressure is when your ethics have been challenged in a way that forces you to consider what is right and what is wrong.
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In this report I am going to describe the way that Cadbury are affected by different economic factors.
People tend to take less risks when investing their money and companies also cannot really afford to be employing as many people and this is how the unemployment rates increase. The affect of recession on 'Cadbury' Recession will affect Cadbury but not too drastically. The reasons for this are that people will still continue to buy Cadbury products because they are a low priced product and still affordable to many people. The sales for Cadbury may even increase during a recession because people may fall into comfort eating over the recession which would result in increased sales for Cadbury.
- Word count: 740
In your opinion which general environmental force is creating the most uncertainty for organizations in 2009? Business environment is a combination of a lot many factors that have a direct or an indirect effect on every business.
Technological progress over the next 10 years is predicted to be several times greater than that experienced during the past 10 years. On the other hand the Socio-culture environment represents the values, attributes, and general behaviour of the individuals in a given society. Compared to economic and technological changes, the socio-culture environment evolves slowly. The general environment surrounding any business also includes the economic environment. The economic environment can, and does, change quite rapidly. The effects can be far reaching and may require changes in the business strategies.
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Another way of raising short-term finance is through an overdraft facility with a bank. The borrower is given permission to take out more from their account than they have put in. The bank fixes a maximum limit for the overdraft. Bank overdrafts are given on current accounts and the good point is that the interest payable on them is calculated on a daily basis. So if the company borrows only a small amount, it only pays a little bit of interest.. A further way of raising funds that has become popular is through venture capital.
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Vision: it is a complementary element of the mission that drives and energizes the actions to be carried out in the company. Therefore helping the strategic purpose is fulfilled. To sum up, every company should ask itself "why does the organization exist?" 1.1.1 .Mission types Broad mission: this type of mission lets the organisation have a flexible leeway which can cause confusion, because members of the company have no clear vision of the organisation. Narrow mission: to limit the future development of the organisation this allows it to focus in one direction, avoiding confusion.
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The hierarchical structure is often taller and narrower than the entrepreneurial structure. Departments and individuals are assigned to specialist tasks and their roles are clearly defined. Although hierarchical structures have tighter control the communication may not be as good as for an entrepreneurial structure. Without effective management it can take a long time for information to pass up and down the chain of control. Tasks can be delegated and passed down the chains but the manager still keeps control.
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Another reason is that the plan is a working document and will highlight areas of strengths and risks within a business and Mark and Marie will be able to make sound decisions and avoid some risks. Mark & Marie are going to use Mark's computer but still face certain start up costs. These include: * Buying the software to make the thumbnails * Advertise the service Explain which cost you think is most important and why?
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Opportunities are external factors which focus on events and developments for an organisation so that they can achieve the goals which are set by the organisation. This method looks at many things such as: * New markets * Global influences * Business and product development * For example: Apple created the ipod touch; this has given apple opportunity to bring internet access to ipod for the first time in its history. Since this has happened it has helped Apple to develop more on the target market that they are currently in and also to expand on their other markets Threats
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This stage in this business involves manufacturing products and turning them into part finished or finished goods. The wheat grown for Warburtons is kept separately; this is so that supply can be tracked back to that farm and is also milled separately. In this sector they have a manufacturing process that they go through, this is the wheat is shipped to the ports closest to the mills. The mills then turn the wheat into flour, they send the wheat to the closest mills nearest to their bakeries this is to save money by reducing transport costs.
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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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Women saw this as fun and educational as they agreed with the message and saw it was their job. In the 1990's the song was covered by Annie Lennox in a sarcastic version this was because as women now had equality and could see the patronising and negative messages in the song.
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Critically evaluate the arguments for and against globalisation, and discuss if such claims are sustainable
In regards to employment many have argued that the process of globalisation leads to relocation of work to developing countries from developed, which in effect increases unemployment in the developed world and leads to exploitation of workers in poorer countries. Unemployment leads to problems within the government as they are expected to pay for workers to find jobs. Stiglitz (2002) accuses the western world of hypocrisy, which pushed developing countries to eliminate trade barriers, and keeping their trade barriers to reduce exports from these countries.
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We have also improved the local area by changing the look of the college buildings, for example we have got a giant piece of artwork on the side of one of the buildings, which makes it look more interesting for both students and staff. The college has also invested in landscaping, so there aren't any ugly empty spaces around the campus. We also have our own smoking area at the back of campus to try and prevent the amount of people from throwing cigarette ends on the floor on the front by the road.
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For my business to be able to run safely and legally I need to look into all legal and financial aspects of my business and ensure they are bought into action in the running of the business. I also need to have a good understanding of all the legislations
In particular, discontinue using any equipment that is broken or damaged, displays exposed wires or worn flexes or has a cracked plug. Also you should take care never to over load sockets. The Impact this act will have on my business This act is in place to prevent unnecessary accidents from occurring while running my business. If there is a problem with electrical equipment a fire could start in the property which could result in the damage of the property or either injury to a person.
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McDonalds primarily sells hamburgers, cheeseburgers, chicken products, French fries, breakfast items, soft drinks, milkshakes and desserts. More recently, it has begun to offer salads, wraps and fruit. It is a large global company which operates all around the world. Its revenues grew 27% over the three years ending in 2007 to $22.8 billion, and 9% growth in operating income to $3.9 billion. McDonald's corporate governance states that McDonald's success is built on a foundation of personal and professional integrity. They earn people's trust everyday by serving safe food, respecting our customers and employees and delivering outstanding Quality, Service, Cleanliness and Value.
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The stakeholders would flourish if the business's performance is positive in an ethical manner. For instance, shareholders of McDonalds would get good long lasting returns in the form of dividends if the business is ethically friendly as the business will benefit from long term business relationship with its customers and suppliers, hence allowing long term profits for the business. Implications of operating ethically 1. Adapting business behaviour We live in a world which is inter-linked and the availability of state-of-the-art communication systems have made the act of instantaneous interaction possible. The rumour of an incident spreads so fast that if McDonalds do something unethical in its London restaurant, the whole world would know about it within minutes.
- Word count: 1642