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The Classification of Sainsburys

Extracts from this document...

Introduction

The Classification of Sainsburys Sainsburys is a plc, a public limited company and has limited liability, which is the idea that the owners (shareholders) are financially only responsible for the amount that they have invested in the company rather than their personal wealth. So if a firm becomes insolvent, the maximum the creditors can receive is the shareholders original investment. In order to both protect and inform creditors the word Ltd or Plc appears after the company name. By limiting the shareholders liability it encourages people to invest in the company, as it is possible for them to invest with little risk. Public limited companies are the only type of company to be quoted on the stock exchange. Plc's are part of the Private Sector, which is the part of the economy owned by either private individuals or the shareholders. The Public Sector is the organisations that are either owned or funded by the local or national government. However there is some concern with plc's that even though the shareholders own the company the management team run them and this can lead problems with conflicting loyalties where managers may pursue objectives that can improve their job satisfaction or benefit their careers instead of looking after the shareholders best interests. Divorce of ownership and control is a common phrase used to convey the concern for this. Advantages Disadvantages Owners have limited liability Going public can be expensive Shares can be advertised Some plc's can grow so large that there may be come difficult to manage Shares can be sold through the stock exchange Risk of takeover by rival companies who have bought shares in the company Large plc's may find it easier to borrow from banks Objectives Sainsbury's strive to meet their objectives, these are: * Understand customers better than anyone * Be energetic, be innovative and be first for customers * Use our strengths to deliver unbeatable value to our customers * Look after our people so they can look after our customers ...read more.

Middle

Mundane tasks done by hand have been replaced by computer processes. All files are stored mainly on networked computer systems available for querying at the click of a button. Networks connect Sainsbury's stores world-wide meaning files and data can transferred from any where to any where in seconds. Here is a typical example of ICT in management: Chief executive manager can sit in his/her office in front of his computer and receive reports, files and other documents from for example the secretary. Then he may then wish to send the documents to his non-executive managing directors in other parts of the world (or locally) using e-mail software. They then could read the report and a video conference (video visual meeting) could be set-up. Improved methods - Due to the use of ICT many tasks have been replaced by computer processes. For example in the old system a worker would have to be employed to address, write and send mail to all customers concerned (which may be thousands if it is advertising) in the new system thousands of letters can be written, uniquely named and addressed and sent to a remote queuing system where all letters will be printed and dispatched. Many other tasks such as improved printing speed, more economical machinery, networks; work sharing, etc have all been massively improved to boost efficiency. This change can be clearly seen in the Sainsbury's annual reports. Every year the efficiency and profit increases as technology levels increase. Management Styles In a big company such as Sainsburys there are many different styles of management that could be used but there are three basic categories of leadership styles. These are: * Autocratic or authoritarian leadership. * Paternalistic leadership. * Democratic leadership. Features Authoritarian Paternalistic Democratic Description Senior managers take the decisions with little involvement of Junior employees Dictatorial, but decisions are taken in the best interests of the employees. ...read more.

Conclusion

It also has links with product suppliers - Possibly the biggest impact ICT has had was in the field of effective trade communications. It enables Sainsburys to sell more goods through online shopping. ICT is also used all up and down the hierarchal structure, from the till (which automatically tells another computer what has been sold, to ease stock count) to the managers who use ICT for reports, memos and a variety of other things. It eases pressure and makes life generally easier for many aspects of Sainsburys. Another example of how ICT is used is in stock control. ICT enables memos, emails and generally all information to be sent around the company/companies of Sainsburys. It interlinks with now nearly every aspect of Sainsburys life. ICT definitely has a positive affect of how Sainsburys achieves its objectives. Another method of quality control: To cope with the pace of development, Sainsbury's Research and Development team may employ a product review methodology. All software is peering reviewed and version-controlled using the latest revision control systems. For example, if I were to suggest another method of quality control for Sainsburys I would suggest they use something along the lines of what I have described below. Using the latest in Surface Mount Technology, SMT, each product could be manufactured on site and would then be able to undergo a series of manual and automated tests and checks. All products could then be logged electronically using bar-coded serial numbers before packaging for shipping. The advantages of this are that: 1. Any information relevant to user documentation, software, hardware, faultfinding reports and customer enquiries could be entered into a specialised software package. 2. Once this information is entered into the system, it could then be collated to form a comprehensive file of data for one project or topic. 3. From this file email messages are compiled and sent to relevant parties, keeping them informed and up to date about any actions they may be required to take. 4. These procedures ensure the consistency and quality of production while enhancing the speed with which new products are brought to market. ...read more.

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