Meeting the objectives of all stakeholders may be desirable but it is rarely profitable. To what extent do you agree with this statement?
Meeting the objectives of all stakeholders may be desirable but it is rarely profitable. To what extent do you agree with this statement? A stakeholder is a person or group who is affected by a business, I agree that meeting the objectives of all stakeholders may be desirable but is rarely profitable. Because stakeholders such as the local community may want environmentally friendly products which are high quality and a fair price, whereas managers want more sales which leads to more revenue to get a promotion. Therefore following this objective would be expensive as environmentally friendly products are more expensive than regular products and selling this at a fair price would be quite hard as it would be less profitable. Another reason why meeting the objectives of all stakeholders may be desirable but less profitable is that stakeholders such as employees may want higher wages/higher salaries, however, this may motivate them to sell more but the company could make a loss in profit and some business owners want to make as much profit as they can and this can, therefore, cause conflict and cause employees to go on strike, which therefore doesn’t meet the objectives. Some people may disagree as if you make stakeholders happy such as the local community there will be more sales- and when there are more sales there is more revenue, which leads to more profit, which would
The National Trust.. Explain how a non profit organisation seeks to gain competitive advantage to meet its aims.
Nour Fascella Unit 2 – The Business of Travel and Tourism Task 4 P6 – Explain how a non profit organisation seeks to gain competitive advantage to meet its aims. Introduction From a non profit making company my task is to select one that meets their aims in a competitive manner. My chosen company will be The National Trust. Voluntary Sector The National Trust is an organisation which its sole aim is to “The National Trust is a charity and is completely independent of Government. The charity relies on income from membership fees, donations and legacies as well as revenue raised from commercial operations”. They protect and are open to the public for over 350 historic houses, gardens and ancient monuments. They are also involved in the conservation of the wildlife environment and create a sustainable tourism. Gaining competitive advantage When a business is superior to one of its competitors in the department of profits, sales or brand image it will earn its status of having a competitive advantage. This is usually done by lowering costs or by creating a product/service that is unique that a customer will appreciate, enticing them to follow the organisation. The National Trust can make sure to gain a competitive advantage by the following: Competitive advantage - Added Value – As The National Trust isn’t a profit making organisation the
local library
Edmonton Green Library The Edmonton Green library is ran by the Enfield Council; providing more libraries publicly for local members in Enfield highway, South Gate, Winchmore, Ridge Avenue, Bullsmoore, palmers green, bush hill park, Southgate circus, and weir hall. The Edmonton green library provides services locally for local members of the Edmonton community. The library offers opening times from Mondays to Saturdays. Mon 9.00 - 7.00 Tues 9.00 - 7.00 Wed 9.00 - 7.00 Fri 9.00 - 7.00 Thur 9.00 - 5.30 Fri 9.00 - 5.00 It is an open learning centre providing homework centre by providing homework clubs , word processing, and access to the internet, DVD's, videos, PS2s, CDs, CD-Roms, laser colour copying and teen zone. The Edmonton Green library is a public sector organisation. Therefore the library is owned and controlled by the local councils and central government. This makes the library a non-making profit making organisation. Due to this reason this is why the aims and objectives differ from a profit making company. For example; sole traders, partnerships, Private Limited Company, Public Limited Company and a franchise. The library relies on the Enfield council. The Enfield council purchases them with the needs of the local public members such as; books, computers, paper, access to the internet, etc... the library is a non-making profit making
Break it like Beckham - Manchester United football club has a number of stakeholders.
Manchester United football club has a number of stakeholders. Stakeholders are an individual or group with a direct interest in an organisations performance. The main stakeholders are the employees, the shareholders, customers, suppliers, financers and the local community. The employees main interests are to get pay rises and to get better training, the team players for example want better training so they can perform better and more effectively. The shareholders main interests are, that Manchester United play good games and win as much as possible therefore the share prices go up, and the shareholders get more dividends. The main interests of the financers, e.g. the sponsors are to make sure there brand name gets advertised and their company logo is seen on the players shirts, they also want a team that wins the matches so that their company can be associated with a winning champion team. The suppliers are also stakeholders and their main interests are that Manchester united keep-purchasing products from them so they will be making lots of profits. The main interests of the employees (the football players) are to get paid highly and to have good training facilities. The way they cold influence the employer would be to threaten not to turn up to training lesson etc. another main interest of the players would be to play in a lot of matches regularly so they could
In this essay I will talk about William Hill's flotation from a Private Limited to a Public Limited company
. Introduction .1 In this essay I will talk about William Hill's flotation from a Private Limited to a Public Limited company. I will state the company's reasons for making this critical change and include their aims and objectives . I will also talk about the advantages and disadvantages of this type of ownereship. I will include facts and figures of their financial information. 2. Aims 2.1 -To have a market value of around £1.1 billion -To double the number of slot machines allowed in each betting shop. -To have a succesful flotation. - 3. Objectives 3.1-To provide a competitive gambling industry - Increase the number of jackpot payouts - To introduce online betting. 4. Financial Information. 4.1 The company raised a turnover of £2.45 billion in a year with underlying earnings of £128.5 million. They have benefited from the introduction of tax-free betting, it enabled sales to increase from £449.3 million the previous year to £699.7 million. Analysts expect the company to raise about £1.6 billion as a result of their flotation but also carry around £500 million debt. CVC and Cinven, William Hill's venture capital owners are expected to retain a stake of no less than 30 per cent. 5. Advantages 5.1 -The company will raise more money as a public limited company. -They can have as many shareholders as possible. -They have
english
Drama work In class we have been studying the theme "keep young and beautiful" in those days women did not have equal rights to men. So as the men went to work and earned their profit for the family the women would stay and home and do their chaos and make-up their selves in order to look pretty for their husbands. Originally in the 1930's "keep young and beautiful" was sang by Al Dublin and Harry warren. In the 1930's The song "keep young and beautiful" was sang ironically because a woman was singing a negative view about women. 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. At the beginning of the performance we walked onto the back of the stage and were standing in a horizontal line with our backs to the audience in different positions. As we had our backs to the audience we were all in flirtatious positions Gangendeep had her hands holding her hips, I had a glorious smile with my hand just above my head, Nicole also had her hands holding her hips, Dearmett had her hands out with a proud smile like she just got a A* in her GCSE's and Cylen had a cheesy smile standing straight with her lip gloss glowing like stars. For the first verse of
The Big Issue
The Big Issue The big issue, what is it all about? The big issue is a charity that has been set up to help those people unfortunate enough to be left without a home, to hopefully rebuild their lives and to help them help themselves. The big issue has been helping thousands of homeless people across the United Kingdom. Each and every Big Issue seller is treated the same; when they come to the us, they are given their first batch of the Big Issue magazines for free. It is then up to the individual to decide how they will spend their profits; we can not force them to continue with the Big Issue. But if they decide to put some of their profits towards another batch of magazines, then they can then continue to carry on selling them and begin to start making profits to hopefully go towards some form of accommodation. It is often not the homeless person's fault that they have been left without a home, they may have suffered from abuse in the home and had to leave, or perhaps there was a death in their family which has caused them substantial income problems. There are many reasons why the person has been left without home, .So the next time you see a Big issue seller on the street think to yourself for a moment. Then begin to realise that for whatever reason they are homeless, they are now trying to make a mend, and rebuild a life for themselves. Thankyou very much for
In my investigation, intend to find out all about the effects which different concentrations of sugar solution have on a cylinder of potato tissue.
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Where is Kenya located?
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Investigation to see how the concentration of an acid affects how much gas is given off.
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