Applied Business Studies
In this section of my work, I will be investigating how to start up a business, and looking at flaws in the process of setting it up. As well as looking at the range of problem that may occur along the way, I will be looking at how to keep up with the maintenance of the business, along with its finance and reputation. I will now go on to the process of choosing my business name, and talking about the pro's and con's, and if it would be suitable for the business that I am doing. First off, I need to decide what type of business I am doing, whether it is a hair salon, a football store, or even a café. Initially, I looked at what businesses are already set up in my local area, which is Flintshire. I researched and found out that there are many café's, sport shops, hair salons, and many other retail stores. I need to pick a business where it would be 'unique' and stand out. The business that I have decided to do is a theatre based business, and in the store, it would sell a range of items, which can be props, costumes, different lighting equipment, sound boards and many other items. The reason why I have chosen to do a theatre based business is because I understand a lot about the way theatres work, and I know what a lot of theatres need to do productions. In my business, a customer can either buy or rent certain props, buy different lighting or sound boards, costumes for
Business Aims and Objectives.
Business Aims and Objectives Most businesses have aims and objectives about how they are going to make their business successful. Most businesses have different aims and objectives. For example a schools main aim will be getting as many students to a high educational standard. Some businesses may state official aims in a statement that is part of the business's policy. The mission statement of First Direct, the telephone banking arm of HSBC, is to `create harmony between the services it provides and the way people live their lives with simple, straightforward products`. Another example is BUPA, the private health care and insurance company, has a vision statement of `taking care of the lives in our hands. Aims An aim is a goal the business wants to achieve. For example to make a good profit, the business has aims to reach their goals such as expanding or improving their services or quality of goods. All businesses aim to provide goods and/or services, either to their local community or to the wider community. The main aim of every business is to survive. The only way it can do this is to make a profit. Its turnover, the goods or services it sells must be bigger than its operating expenses, or the day to day cost of running the business. These are some examples of aims of a business: * Making a profit * Being environmentally friendly * Improving product
A2 Business CourseWork
AS Business studies Unit 1 - Investigating Business A portfolio investigating and researching the supermarket chain Tesco By Matthew Hampson Introduction: About the business: Tesco is a UK based international food and general retail chain. It is the UK's largest retailer by sales and market share, with profits exceeding £3 billion. On a worldwide scale it is the world's third largest retailer falling only behind Wal-Mart and Carrefour. Tesco was founded in 1919 by Jack Cohen when he started selling groceries on a market stall in east London. The brand "Tesco" first appeared five years later in 1924. The brand was formed when Cohen took the initials of T.E Stockwell and added the first to letters of his sir name (C.O) and hence the name TESCO was formed. The first Tesco store opened in 1929 in Middlesex. By 1947 the company was already on the London stock exchange. Tesco grew through the 1950s and 60s until it had more than 800 stores acquired, in the most part through the purchase of other retail chains. Tesco pioneered the "pile it high, sell it cheap" ethos, this was in the most part due to Jack Cohen's belief that this was the best way for the business to succeed. In 1964 Tesco signed up with 'Green Shield Stamps' to further entice customers, to the modern day family this revolutionised shopping. However Lord Sainsbury disagreed with Cohen's new idea and market
SunCity - developing marketing strategy for problem
Sun City-Introduction Introduction In 2005 Sun City was primarily a tanning salon; it offered stand up and lie-down sunbeds. It opened its one and only shop in Kettering town centre in Northamptonshire and it was small and unknown in the town as it is not a franchise and has no other shops. Now, in 2007 things have changed, the company has grown and is now a well known tanning salon including features such as a nail bar, and hairdressers. The store is based in the town centre just off the high street; this aids in attracting a lot of customers. Especially as they offer walk in appointments, no need to book. The back of the store is also facing into the town centre's main car park, which they have used to their advantage by displaying billboards and advertisements. Recently Sun City has expanded and although still primarily a tanning salon, now offers nail therapy, hairdressing, and spray tanning. Because now they offer more of a variety of services they are able to sell more upmarket well known brands of products e.g., tigi hair products and californiation spray tanning. Sun City has also recently refurbished their salon to make way for their hairdressing and nail therapy. The salon looks very professional and clean and modern, as shown above. With their vast range of products on show this allows for more purchases to be made. When Sun City first opened 2 years ago, it
In this coursework I need to produce a detailed business report on one medium-sized or large business.
Introduction What I need to do? In this coursework I need to produce a detailed business report on one medium-sized or large business. In investigating a chosen Case Study I must comment and analyze each of the following aspects of the Business: Objectives Organization Structure Culture Communication Channels Quality Assurance and Control "Adding Value" I need to examine how these factors interrelate to affect the success of the business. Also I need to explain how quality assurance and control systems help the business to add value to its products and services. As example for my investigation I chose Tesco plc., because Tesco is good example of public limited company and Tesco - is a most popular supermarket's network in UK. How businesses are classified? I can classify the business by form, by industrial sector, by ownership, by objective, by size and by location or market. Forms of businesses. SOLE TRADER. Oldest, simplest, most common form of business easy to set up enterprise. A sole trader exists where a single person owns a business. This is very common form of organization. Over recent years, the number of sole traders has grown significantly. There are several reasons for this trend including more opportunities to work for firms on consultancy basis and government support for self-employment. Most sole traders work on their own . Initial capital -
The Use of Geographical Information Systems (GIS) And International Technology Transfer by Non-Governmental Developmental Organisations in Africa
DISSERTATION DOCUMENT COMPLETE CHAPTER 1-7 27/11/01 The Use of Geographical Information Systems (GIS) And International Technology Transfer by Non-Governmental Developmental Organisations in Africa ABSTRACT This Research work is based on the Use of Geographic Information system (GIS) and international technology transfer to Developing Countries (Africa) by Non-Governmental Development organisation. NGDO are involved in initiating and Implementing development projects in Developing Countries. They discover that with the use of GIS in their projects, scarce resources could be appropriately distributed using GIS system for the intervention measures identified. The GIS Technology seen by NGDO playing a role in improving decision making and planning (Mather1997); used the new mapping technology to assist in agricultural development throughout the third world (CIRAD 1994); seen playing a leading role in environmental assessment in the third world (World bank); GIS seen as technology that remove the 'political' from the decision making process and allows for an equitable and fair distribution of resources. GIS has many problems both at the development stages and the implementation and use. Some of the problems included: Data Capture, Data access, National infrastructures, Organisational issues (such as Management acceptance, Top management involvement, GIS users participation);
Unit 13 - Organising an Event
GCE in Applied Business Unit 13 - Organising an Event By Gavin Smith Candidate: 4179 Centre No: 61101 Contents Page Page No. Contents Task No. Front Page 2 Contents Page 3 Introduction to Unit 4 Task 1 : Feasibility Of An Event This Unit Includes; * The reasons for holding the event * The aims, objectives and outcomes of the event * Carrying out research into the feasibility of the event * Financial constraints * Risk assessment 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 Task 2 : Planning The Event This Unit Includes; * The procedures * Undertaking a risk assessment * Evaluating required physical resources * Making a time allocation table * Consider what teachers are going * Information on the importance of management and communication * Insurance plans 2 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Task 3: Staging the Event This Unit Includes; * Aims and objectives * Tasks and responsibilities * Assessing my performance * Different groups duties 3 37 38 39 40 41 42 43 44 Task 4: Review and Evaluate The Visit This Unit Includes; * Analysing questionnaire results * Evaluating the trip from my point of view * Evaluating the trip from teachers point of view * Comparing analysis to aims and objectives 4 45 * 46 * 47 * 48 49 50 51 52 53 54 55 Bibliography / Resources Appendix for this
The Theory of Scientific Management.
Task 1A Theorist: Taylor Theory name: The Theory of Scientific Management Taylor put forward that workers are motivated mainly by pay. Workers do not naturally enjoy their work which means they have to have close supervision and control. In order to do this, managers should break down production into a small series of tasks. Workers then should be given appropriate training and tools so that they are able to work efficiently as possible when appointed a task. Workers are then paid according to how much they produce (time-piece rate pay). As a result this increases productivity. I have gathered this information from: http://www.tutor2u.net/business/gcse/people_motivation_theories.htm Financial interests would include: * Opportunities to achieve bonuses eg. Employee of the month * Rewards after a certain duration such as an extra 5% on top of what has been earned Non-financial interests would include: * Holidays abroad that have already been paid for * Company discounts What business would it help? This strategy could be used for businesses such as Jessops (an electrical store). If the worker plays a role of a sales executive, manager or assistant, they could be paid according to how much they sell. This would encourage them to work harder as they would be getting paid according to how much they are selling. This is called piece rate pay and they still receive a
Investigating Business. Tesco PLC. I will be describing the aims and objectives of this business and the external environmental factors
Unit 1: Investigating Business Asim Ul-Haque Task 1 Aims & Objectives In this unit, I will be investigating into the major supermarket chain Tesco PLC. I will be describing the aims and objectives of this business and the external environmental factors which have affected the ability of this business to achieve their aims and objectives illustrating them with examples from the business. History ________________ Back in 1919, a person called Jack Cohen founded Tesco, at first he was selling groceries at a stall at Well Street Market, Hackney, in the East End of London. The Tesco brand then appeared in 1924. The first Tesco store was opened in 1929 in Burnt Oak, Edgware, and Middlesex. Tesco made its presence on the London Stock Exchange in 1947 as Tesco Stores (Holdings) Limited. During the 1950s and the 1960s Tesco grew organically, and also through acquisitions, until it owned more than 800 stores. Originally Tesco specialised in food and drink, now the business has broadened into different areas of retail such as clothing, electronics (Technika), financial services (Tesco Finance), telecoms (Tesco Mobile), home (Tesco Home Insurance, health, car, dental and pet insurance, retailing and renting DVDs, CDs, music downloads, Internet services and software. Today Tesco’s are making £67.6 million in sales, they have 492,714 people working at Tesco’s, they have
Introduction to J Sainsbury plc
Introduction to J Sainsbury plc J Sainsbury plc is a leading UK and US food retailer with interests in financial services and property. The group comprises Sainsbury's Supermarkets and Sainsbury's Bank in the UK and Shaw's Supermarkets in the US. Sainsbury's Supermarkets was established in 1869 by John James and Mary Ann Sainsbury and is Britain's longest-standing major food retailing chain. Sainsbury's Supermarkets employs over 145,000 people, including Savacentre. Of these, 60% are part-time and 40% full-time. 62% of employees are women. A large Sainsbury's Supermarket offers over 23,000 products, 40% of these are Sainsbury's own brand. In addition to a wide range of quality food and grocery products, many stores offer bread baked on the premises, delicatessen, meat and fish counters, pharmacies, coffee shops, restaurants and petrol stations. Sainsbury's Supermarkets serves over 11 million customers a week and as at June 2002 had 463 stores throughout the UK. Nearly 60% of our stores are in town-centre or edge-of-centre locations, many of these built on previously derelict sites. TASK 1 .1.1 A classification of the business according to its ownership, and an explanation of the benefits and constraints of this type of ownership. (E1) Sainsbury's Ownership Sainsbury's belongs in the private sector because its main aim is to make a profit. Without profit,
