The unit I am doing for this assignment is business at work; I will produce a detailed formal report on Eastjet.com.

Authors Avatar

JENNIFER ASENSO

Business at work assignment

Unit: 1

  1. Action Plan
  2. Introduction
  3. Task 1.1 and 1.2
  4.  Task 2.1
  5. Task 2.2
  6. Task 3.1 and 3.2
  7. Task 3.1 and 3.2 (Cont)
  8. Task 4.1
  9. Task 4.2
  10. Task 5.1
  11.  Task 5.2
  12.  Task 5.3
  13.  Task 5.3 (Cont)
  14.  Task 6.1
  15.  Task 6.2
  16.  Task 6.3 (Cont)
  17.  Task 7.1 and 7.2

Action Plan

                

The unit I am doing for this assignment is business at work; I will produce a detailed formal report on a large business. I have chosen a very familiar company, before I chose a business to write a report on I did some research about the company through the website because it would help me with research when analysing the company. The first task I will draw up an action plan so it will help me complete my report on an agreed time scale. In task two I will describe the business objectives and mission statement of the business and explain why they have chosen particular objectives and rejected the others. Task three I will identify the business to its according ownership, e.g. partnership, franchise, or limited company and form a judgement about the benefits and constains/limintations/difficulties of the type of ownership. Task four I will describe the work functional areas in my chosen business, e.g. finance, production, personnel and etc. and how they help my business I will be investigating on. Task five I will describe the management style of the businesses. I will also research on the types of ICT used in the chosen business I will be investigating on, I will explain the internal and external communications, in this assignment I will be doing eight different tasks and I will use the website address of my chosen business and books to help me with the tasks.

                          

Task 1

1.1

 

I have chosen to investigate on WHSmith’s. WHSmith’s is one of Europe’s leading low-cost airlines. Since the first flight in November 1995, the airline has grown from Luton base offering two routes from Luton to Glasgow and Edinburgh.

WHSmith’ss objectives and aims are to provide their customers with safe, good value, point-to-point air services. And to keep their cost low by eliminating the unnecessary costs and frills which characterise traditional airlines. This is done in a number of ways.

        “To provide our customers with safe, good value, point to point air services. To effect and to offer a consistent and reliable product and fares appealing to leisure and business markets on a range of European routes. To achieve this we will develop our people and establish lasting relationships with our suppliers.”

Above is WHSmith’s mission statement. WHSmith’s makes sure they provide their passengers with care and safety while travelling with WHSmith’s plane.

1.2

WHSmith’sobjectives are:

  • WHSmith’s provides shareholders with good financial returns by focusing on customers needs, adding value through our expertise and innovation, and investigating for the futures growth.
  • To provide unrivalled value to our customers in the quality of the service we provide, in the competitiveness of our prices and in the range of choices we offer.
  • To provide a working environment where there is a concern for the welfare of each member of staff, so they have all the opportunities to develop their abilities, and where each is rewarded for their contribution to the success of the business.
  • To fulfil our responsibilities by acting with integrity, maintaining high environmental standards, contributing to the quality of life in the company.

I think that WHSmith’s are have met their aims and objectives to their best ability and the reason being is that they are all ways looking out for their customers and making sure that they are keeping them happy and providing them with excellence care with all the services they provide, e.g. when a passenger buys their ticket but no longer wants to go on the holiday, he/she will receive a full refund if they phone within 24 hours before the flight is to departure.

Task 2

2.1

In this task I will be identifying the ownership of WHSmith’s. I will also analyse examples and give reasons by forming a judgement about the benefits and the constrains/limitations/difficulties of the type of ownership.

WHSmith’s is a Public Limited Company it has its shares bought and sold on the stock exchange. Companies can go to the expense of having a full quotation on the stock exchange so their share prices appear on the dealers visual display screens.

There are all sorts of businesses small ones large ones and medium sized ones. I will briefly explain some of the different types of ownerships:

1) Sole trader:

  • This is the most straightforward structure for a business. Basically it means the business decisions are being made by one person. Of course, it doesn't necessarily mean that the business has only one worker. The sole trader can employ others to do any or all of the work in the business.

Advantages of sole trader:

This type of structure is ideal if the business is not complicated, especially if it does not require a great deal of outside capital.

Join now!
  • There isn't much paperwork in establishing this type of structure.
  • If you use your own name, you don't have to register the business name. This will only be necessary if you have a trading name.
  • There are less stringent reporting obligations compared with other structures.
  • You may be able to deduct tax losses from personal income.
  • You are entitled to profits and the ownership of assets.
  • It's relatively straightforward to wind up.

Disadvantages of sole trader:

  • You are personally liable for all debts.
  • Personal property may be vulnerable for debts ...

This is a preview of the whole essay