Ownership, stakeholders and organisation in Tescos and Oxfam.
Criterion 1 (P1) . What does a plc mean? A plc is legally abbreviated public limited company and it is a type of limited liability Company in the United Kingdom and the republic of Ireland which is permitted to offer its shares to the public. 2. What are the characteristics of a plc? * It can sell shares to the general public * It can raise more capital because it's aim is profit making * It has limited liability and a continuous existence * It is a chain of international supermarkets. What are the advantages to Tesco of being a plc? * Tesco can find it easier to borrow from banks * Tesco can advertise its products on newspapers, magazines, television, radio, internet unlike private limited companies What are the disadvantages to Tesco of being a plc? * Going public for tesco could sometimes be expensive * It could grow so large that it might become difficult to manage effectively * Cases of theft and shoplifting would be more rampant * Risk of takeover by rival companies. What are the activities of Tesco? Tesco has a well established and consistent strategy for growth, which has allowed them to strengthen their core UK business and drive expansion into new markets. The rationale for the strategy is to broaden the scope of the business to enable it to deliver strong sustainable long-term growth by following the customer into large expanding markets at home
Unit 1 M1- How stake holders affect your chosen organisation
In this report I will be investigating how Cadbury keep their stakeholders happy and meet the needs of their stakeholders. Stakeholders are people who have an interest in the decisions that businesses make. The stakeholders that I will be investigating are customers, workers, trade unions, suppliers, shareholders, government, and pressure groups. Customers: Cadbury's customers want high quality confectionery products. They want these products to be of high quality as they are spending their money on the products. Customers want the money they spend on purchasing these products to be worth it and that the quality they receive from the amount they have paid to be of a high standard. Cadbury respond to this need by making sure to produce high quality confectionery products which can be easily purchased in many stores. Cadbury's business objective of 'Sustainability' is influenced by the customer stakeholder. This is because part of this objective is 'to prioritise quality and safety' this means to make sure that the chocolate in safe to eat and is of high quality. Workers Cadbury's workers want regular work and pay, Good wages for the work and hours they do, and to be treated equally and fairly to other workers. They want this because they are working for the organisation and anybody working deserves these rights. When workers feel that they are not receiving what they
Business information and communication at Tescos.
Section A: different types of business information, their purposes and sources. In this section of the handbook I should address the following tasks: Task 1 - Outline the different types of business information used by the organisation (p1) Task 2 - Describe the purposes of the information you have outlined in task 1 (p1) Task 3 - Describe the sources of the information you have described in task 1 (p1) Types of information Example Description Purpose Source Verbal/oral Face to face and telephone Team meeting Planning on how to improve in the company and activities to be done Human resource department Written Letter Report Writing to plan an appointment to discuss issues about the company Informing future developments on how to improve the company financially Finance department Screen-based TV Computer Advertisement Communication sales promotion Marketing Web-based Internet Website Informing future development and communication sales promotion Finance and marketing department. Multimedia Web pages Magazine Bill boards Fliers Posters Financial accounts, Monthly magazines Inviting support for activities. Updating information Strategic development Finance department Government Electronic methods of communicating business information In this section of the handbook I should describe the electronic methods of communication which is
Working in a business environment
Outcome 1: Understand how to respect people at work. .1 Describe what is meant by diversity and why it should be valued. Diversity means that people are valued for their differences, meaning that they are placed in a job that is well suited to them, creating a more productive workforce. An example of this would be having a receptionist that has a bubbly personality, who is always smiling and willing to meet new people, as opposed to a grumpy, antisocial person who does not want to be there. It should be valued as it means everyone can produce their best work and people will work harder at a job they enjoy and are good at. .2 Describe how to treat other people in a way that is sensitive to their needs. To be able to be sensitive to other peoples needs, first you have to work out and decide what their need is, this could be either obvious or less obvious, for example they may use wheelchair. Once you have understood their needs, you need to work out and understand how to treat them. Carrying on with the use of a wheelchair, the employee should not be treated any differently than other employees in the sense that they should all have the same opportunities for progression in the workplace as others, however, to aid them on a day to day basis, it may be polite to hold open a door for them, or ensure that there is ample parking room in place. .3 Describe how to treat other
business online
Task 1 In the report I will be investigating why it is important to have a business online, how it affects the business and the importance to investors and other businesses. I have chosen two businesses to research how being online helps them what their aims and objectives are A) 1. The online business I've chosen is Amazon 2. The super market I've chosen is Tesco B) Amazon.co.uk is famous for selling books but the turn over wasn't making enough profit, but now they sell other stuff like from cameras to coffee machines, exercise videos to Elvis CDs, they say there's something for everyone. They also enable independent sellers to sell new and used items on their website via Amazon.co.uk Marketplace. Within Amazon.co.uk you are able to use a variety of resources to help you make your choice, this including customer reviews and personal recommendations. The Amazon Associates program was the first online affiliate program of its kind when it launched in 1996. Today, it is the largest and most successful online affiliate program, with over 1,000,000 members world-wide Customer Focused - Amazon seeks to be the world's most customer-centric company, a place where people can find and discover anything they might want to buy online. Previously Amazon only sold books, music and toys, as they found out that they weren't even breaking even so they decided based their company
McDonalds Marketing Analysis. Explain the marketing techniques used by a given organisation and analyse how and why these techniques have been chosen.
Introduction In this assignment I will explain the marketing techniques used by a given organisation and analyse how and why these techniques have been chosen. The marketing techniques I will talk about are SWOT and PESTLE analysis and also the Marketing Mix. The organisation I have chosen for the purpose of this assignment is McDonalds. a) PESTLE analysis Marketers use PESTLE analysis to investigate the outside environment in which an organisation is operating. SWOT analysis A common approach by marketers is to use SWOT analysis to draw together all the evidence from the various analytical techniques used. It is a way of producing a summary which then provides the basis for developing marketing objectives or aims and ultimately strategies or plans. Marketing mix The marketing mix provides an excellent framework for developing marketing plans. The marketing mix is considered to be made up of four parts price, place, product and promotion. Source: BTEC national business book 1, 2nd edition, etal David Dooley Now I will explain how marketing techniques have been used by McDonalds. PESTLE Political factors McDonalds have used PESTLE analysis to identify ways in which their business is affected by the outside environment in which a business is operating. PESTLE helps McDonalds to identify the political policies such as the national minimum wage and the amount of tax
Skills and Knowledge Needed to Work In A Business Environment
Victor Stephenson-Henshaw Unit CU678 EDI Level 2 Certificate In Principles Of Business And Administration Unit CU678 – Work In A Business Environment Victor Stephenson-Henshaw Assessor – Rob Allen ________________ Understand How To Respect Other People At Work ,1 Describe What Is Meant By Diversity And Why It Should Be Valued Diversity can be differences in race, belief systems, physical appearance, mental capabilities, etc. It is also a variety of something such as opinion, colour, or style. Diversity should be respected and valued because not everyone is completely the same even in the example categories; they are not the same as everyone else. Some people like to eliminate what is dissimilar. Our opinions can lead to environmental problems such as violence and hatred because of diversity being a key ingredient to a good and safe environment. Everyone in the workplace is treated equally. Every individual has a unique something to offer and this can help the company. Diversity should be valued because without diversity, the company or the people at the work environment wouldn’t have knowledge on other cultures this can be helpful to the company as it opens the company or people to experience a different perspective other than the usual culture. Diversity should be valued because in case a unlawful discrimination may cost the company if
Analysis of a party and wedding business.
Evans enterprises .0 Current status of the Company .1 Background to the company 'Evans enterprises' was founded in 2005 when Elizabeth Evans decided she would like to do some part time work. She decided to start up her own business and become self-employed organising and hosting children's parties, as she had extensive personal and professional experience at being highly organised and capable she was confident she could make this work. Elizabeth began renting the local church hall to host the parties in, and after a few parties for her own children the word of her business soon got around. She took care of all the catering herself and provided a wide range of entertainment suited to the customer's requirements. Such as bouncy castles and sports equipment along with clowns and magicians that she employed herself. Once the business got more and more popular, she ran into several big problems with using the church hall to host the parties inside. In 2006 Elizabeth and her husband Stephan decided to rent suitable permanent premises and employ members of staff. She employed one permanent member of staff and two part-time. Along with a cleaner who came in for two hours daily except on Sundays. Along with the new premises came new equipment and dedicated Telephone and fax numbers. This was essential since the business was becoming more and more popular. Elizabeth worked
Explain different types of business information, their sources and purposes for Sainsburys.
[Type text] Business communication P1 Assignment P1 In this assignment I will be explaining the different types of business information in my chosen business. The organisation that I have decided to investigate is JS Sainsbury’s, I have chosen to analyse Sainsbury’s because they are a respectable business and one of the most successful supermarket chains in the United Kingdom. I will also be talking about how businesses communicate using this information and the different types of communication. The organisation that I have decided to investigate is JS Sainsbury’s, I have chosen to analyse Sainsbury’s because they are a respectable and successful supermarket chain, who own almost twenty per cent of the market. Businesses communicate by sharing information. Information is data that is accurately and timely. It is specifically organized and is presented within a context that gives it meaning and relevance, and that can lead to an increase in understanding and decrease in uncertainty. Communication is the exchange of thoughts, messages that occur because they are sources of information. It is vital that businesses communicate efficiently, in order to do a variety of things such as buying stock and selling goods these two examples of information sources can both be verbal and non-verbal. Businesses need information to be successful, and that information can come
Business Costs
Business Costs In a business there are three different types of business costs these costs are: Direct & Indirect Direct costs are expenses that can be attributed making a particular product such costs include factory labour, raw materials and operating machinery. Indirect costs are the general overheads of running a business for example; salaries, telephone bills and rent. Firms that make more than one product will want each one to earn enough sales revenue to cover its direct costs and make a contribution to indirect costs. If all the products together make enough contribution then the business will make a profit. Fixed & Variable Fixed costs are costs which do not vary. They are mostly indirect costs - Management salaries, telephone bills and office rent. They have to be paid even if the firm produces nothing. Variable costs are costs that cab change every time a bill etc... must be paid, these are mostly direct costs such as factory labour, raw material etc...Some costs are semi variable, they only vary slightly because they have a large fixed element, for example workers wages - most people receive a basic salaries and only part of their pay is linked to output. Fixed costs are usually only fixed over a short period of time, if a firm is expanding, it will take on more managers and rent more offices so the fixed cost will increase. A firm can work out their
