Job roles in various functions
Job Roles in Various Business Function Marketing Director * In charge of all marketing sections such as: Marketing Research, Product Policy, Promotion, Sales and the Distribution of goods. * Liaise with accountants (what prices to charge). * Dealing with the corporate image. * Have meeting with managing director, marketing directors' boss and the director of production. This is so they can coordinate our policies into strategy for the whole company. Marketing Research Manager * Finding out what the public thinks about your present products and what they want in the future. * Forecasting. * Sometimes industrial research in what trade thinks. * If have big job, go to research agency for help. Public Relations Assistant * Help PR Manager establish good image for firm. * Good hand writing needed for sending press releases to the media. * Loud and clear speech for speaking effectively to reporters and the media * Activities for future use. Sales Representative -who visits shops to sell his company's products * Sell company products to existing customers. * Try and find new customers. * Work a region of the country all by your self. * Report to area manager. * Occasionally go to sales meetings at head office. Area Sales Manager * Work for sales director * Responsible for all sales activities in the six stores in my area. * Visit each store to discuss any
Job roles in various functions
Sole Traders This is the simplest way of starting business with very few rules. You will need to inform the Inland Revenue that you are self-employed for tax and national insurance contributions. As a sole trader, you will not need to notify Companies House, nor deal with any administrative or accounting requirements which are required of limited companies. You can quickly adapt to changes in your business with minimal bureaucratic changes required and you have complete control over your business and accounting affairs. However, a sole trader is also ultimately responsible for any liabilities should anything go wrong. Partnership A partnership is a type of business entity in which partners (owners) share with each other the profits or losses of the business. Partnerships are often favored over corporations for taxation purposes, as the partnership structure does not generally incur a tax on profits before it is distributed to the partners (i.e. there is no dividend tax levied). However, depending on the partnership structure and the jurisdiction in which it operates, owners of a partnership may be exposed to greater personal liability than they would as shareholders of a corporation. Private Company Limited by shares "Limited by shares" means that the company has shareholders, and that the liability of the shareholders to creditors of the company is limited to the
Comparing and Contrasting
`````Task 4B I am going to compare and contrast NHS and M&S and their aims and objectives: how they do their similarities and differences and I'm going to relate to the type of ownership, size of the business and their business activities. NHS and M&S Aims and Objectives There are some aims and objectives that the business sets towards helping them set out their targets and other important matters. The NHS are: Their aims: - To improve service provision, Operate within budget - To provide free medicine to UK child residents - To cut down waiting lists - Reduce health risks or potential complications, through cross infection - Recruit specifically trained medical staff to deal with all types of problems. - Heave localize health care - Provide a health awareness campaign Their objectives: - Meet their customer targets, like patient waiting times and giving medicines - Keep their costs low for more expensive treatments like vaccines and detailed operations - To find a business in the public sector to make the free medicine - To increase the number of facilities used, keeping aware of the budget Marks and Spencer's aims: - To sell both clothes and food to customers, as a retailer - To advertise their products on a wide scale - To employ customers and then train them Their objectives are to: - To buy food from secondary sectors for selling - To have an
legislation and explanation
Legislation Explanation How it affects employees How it affects employers. Health and Safety at Work Act 1974 This act makes further provision for securing the health, safety and welfare for people at work. This act protects them from any risk related to health and safety. In 1974 approximately 8million employees had no legal safety protection at work. This act protects employees and the public from work activities. Employees must comply with the act ,they must: * Take care of their own health and safety and also of others. * Must not interfere with anything provided in the interest of health and safety. * Co-operate with fellow employees. If they don't comply they would be t risk, and the company will not be liable for this, as they have not followed the regulations. By law the employer must assess and identify measures to eliminate or reduce the risk of any health and safety risks. This is means that as an employer you must give information about the risks in your workplace and how you are to train and instruct the employee on how to deal with risks. Employment Rights Act 1996 This is where an employee begins employment with an employer. Gives employees the right to a written contract after two months of work for maternity leave , minimum period notice, right to redundancy and whether they want to work on a Sunday Employees have to educate staff about
Internal organisation
Peter Shilton S11 Internal organisation The way in which a business is run is known as the internal organisation of a business. This can be a number of ways, including partnerships, sole proprietorships, and public or private limited companies. Since I am going to be setting up such a small company, I will need to set up as either a partnership or a sole proprietorship. A partnership is where two or more people run a business together. They usually do not want to hold total responsibility for the business whilst still being able to do their own work. A sole trader is a person that runs a business alone. They have total control of the business and often do not even have any employees. To help me choose which, I am going to look at the advantages and disadvantages of each of the above. Partnership Advantages Disadvantages Responsibility of running a business can be shared with another person. One partners strengths can make up for the weaknesses of another People may only want to do certain jobs, they wouldn't want to do the boring jobs and this may cause tension More people contributing money towards the business means not as much needs to be taken from just one person as in a sole proprietorship The distribution of the companies profits can cause problems, as one partner may feel that they deserve more than another Somebody to consult about decisions so that you
business Franchises
Franchises Main Features * In this type of ownership there are 2 main parties involved - the franchisee and the franchisor. * The franchisor (a large organisation) allows the franchisee (the individual) to use the businesses name, product and layout in return for a share of the profits made. Advantages * The business can expand. * Franchisees get the chance to run a business that has a greater chance of success than for example, a sole trader does. This is because if the business name is already well known, for example McDonald's then there is more chance of success. Disadvantages * If the franchisee is inefficient or unsuccessful, the business may receive a bad reputation. * The franchisee cannot make their own decision without the franchisors authorisation. * The franchisee does not automatically have their agreement renewed; they have to be reviewed regularly. This creates uncertainty for the franchisee. Workers Co-operatives Main Features * A worker co-operative is owned and run by the whole work force so there will be no arguments between the owners and workers as they are the same people. * People who own part of workers co-operative are called members. * Membership of a workers co-operative is open to all workers * A workers co-operative tries to ensure that everyone has a say in how the business is run. * Any profit made is distributing to
An example of a business plan. My business is to start up a online clothing/retail store using just the internet
P5 Business plan: My business is to start up a online clothing/retail store using just the internet, i will achieve these by such aims that will make my business a success for example my aims in the first year of business will be: * survival * increased profit * growth * increasing market share My addressees for this online store will be largely teenagers looking for new clothes and styles etc... Marketing my business: - A website - A telemarketing crew - Flyers - Posters - a small billboard advertising - Freebies to start Using these platforms I can market my products also using social networking sites advertising my products etc... My competition will be high all my competitors will have an edge of using shops in actual malls and high streets. Some of my competition: * asos * river island * topman In the business market I don't have that much of a gap but I have a few usp's making my service more successful than other businesses in the same market. My service is a clothing retail online business aimed at teens or older men/women but unlike other retail businesses I offer many usp's such as online pictures of what the product may look like on you and also video's on different ways of wearing or using the product. The idea came from when I saw a gap in the market for this specific business type also using my usp's to beat other competitors. The
Ethical Buisness
Ethical business practices include assuring that the highest legal and moral standards are observed in your relationships with the people in your business community. This includes the most important person in your business, your customer. Short term profit at the cost of losing a customer is long term death for your business. A reputation for ethical decisions builds trust in your business among business associates and suppliers. Strong supplier relationships are critical to a successful business. Consider the problems you might have if you could not supply what the customer needs...at the time that they need it. The entrepreneur is the role model for employees. If your behavior includes lying to customers, taking money out of the cash register, or taking home some of the inventory or supplies, you cannot be surprised if your employees follow your lead. Your family members may see the business as their own and take things that really belong to the business. Employees may see this as being dishonest, or as a conflict with their needs for a raise in pay. The community expects your business to operate in an ethical manner that enhances the image of the community as a whole. If you are located in a mall, for example, your code of ethics will help or hinder customer traffic for the other businesses too. A reputation for telling customers anything they want to hear, regardless
How Small Businesses Can Compete.
How rival business are more or less competitive then my chosen business. How business compete. ) Small businesses are so much closer to their customers. In fact, the proprietor of a small business will very often meet and speak directly to customers every day. In large firms the owners, senior management and decision makers often don’t get exposure to the coal face of their market at all. The advantage to the small firm is they can get immediate, direct feedback and have the ‘nose’ to be much more oriented to changes in customers’ needs and interests, and spot new business opportunities at the earliest possible stage. 2) Small firms are more responsive and can change things in their business operation and processes much quicker than larger businesses. This is mainly down to size, scale and speed of decision making. So in this respect small firms usually find it easier to innovate or introduce something new at very short notice. 3) Small businesses can be more fanatical and radical about their business and products. No matter how many times they can’t quite get it right, small business owners, in general, are more obsessive and never give up in their attempts to improve their existing services, or make new developments or projects a success. Bigger firms on the other hand are usually more hamstrung by corporate policy and guidelines which hamper their ability to
Outline the characteristics of a franchised business.
Transfer-Encoding: chunked The last type of business is a franchise. This is the biggest business there is. A franchise is where a large company allows smaller businesses to use their name there are the franchisor and a franchisee. The franchisor allows the use of their business name for an agreed length of time and provides materials, training and advice. The franchisee must provide the money to start their business and the franchisee must make regular payments. An example of a franchise is Subway and Hertz. Advantages of a franchise is that there is high chance of success as it’s easy to borrow money. Also problems will have been overcome already and a lot of support is available from the franchisor. Furthermore, advertising is organised and paid for by the franchisor which makes work easier. Lastly, franchisees are usually small which means they can work really hard on small details to ensure its good which can benefit sales. Disadvantages of a franchise is that is can be removed if it is becoming unsuccessful. Also supplies have to be purchased from the franchisor which can be expensive and they have to make royalty payment to the franchisor. Franchisee cannot make all the decisions and they cannot sell the franchise without permission which can lead to many difficulties. The entrepreneur will also need to consider different types of markets as well as different
