Functional areas
Introduction In this assignment I would be explaining the main functional areas of businesses and going to write them according to real businesses. Also going to explain them in great depth and make some mind maps to make them more shown. Functional areas Operations Obtain and convert resources of the business into goods/ services, for example: * building and land * equipment * people * materials Operations for example at richer sounds would call operations when a number of people put products together. At BMW they call operations productions and put things like DVD players, televisions, video players, hi-fi's, camcorders etc together from scratch. Also in richer sounds would include getting in raw materials and getting them ready for assembling. Other than putting things together they would also get raw materials in and let the purchasing department of how much they need and from there the purchasing department would go on and order them for them. In some businesses production is known as operations. Production is responsible for all the aspects relating to manufacture or assemble of goods e.g. what richer sounds do in operations is to put there products together and test them plenty of times to find out if they work to there full ability. Finance This department is concerned with money and future plans * Preparing accounts, e.g. invoices, management
Functional Areas
Functional Areas & Their Main Purposes Every organisation made up of more than one person will need some form of organisational structure. An organisational chart shows all the ways a chain of command works within the organisation. The main purpose of having functional areas is to ensure that all important business activities are carried out effectively. This is essential if the business is to achieve its aims and objectives. In addition, specific areas will be responsible for supporting specific types of aims and objectives, for example; * Sales and Marketing will be involved in achieving targets linked to developing new markets or increasing sales. * Human Resources will be involved in arranging staff training activities and supporting the continuous professional development of all staff. Interaction of Functional Areas Sainsbury's Departments Pharmacy Manager This will mean using knowledge to provide customers with professional healthcare advice, as well as leading, coaching, developing and motivating your own team of pharmacists and pharmacy assistants. As well as pharmaceutical knowledge, you'll need to be able to get the best out of people in a busy, fast moving environment where they are expected to cope with a huge variety of customer issues. Convenience Operations Manager This will include, working closely to support one of the stores managers in enhancing
Functional Areas
Attaullah Mirlashari 10i Applied Business GCSE Unit 1 Investigating Business Part 2 Task 1 Functional Areas To be able to sell products, specific functions must be performed by staff regularly. In a small business, individual people complete the functions. In medium or large business, such as Tesco, the functions are performed by individuals working as members of functional areas, or departments. Here is a diagram showing all functional areas. Here is a short description of all the main functional areas within Morrisons. * Finance and Accounts - They record and manage the revenue and costs of the business to calculate how much profit or loss it has made. If there are problems, action must be taken swiftly. Computers and IT mean that financial transactions can be recorded immediately and analysed. * Human Resources - They are in charge of all activities carried out by staff. They take care of such things as health and safety and working conditions of all staff. You would contact the human resources department of a business if you were applying for a job there. * Production / Operations - The operations function manages resources and the production. And making sure all activities carried out go according to plan. They are also responsible for producing goods and services by making the best use of resources (e.g. people and equipment). * Customer Services - The
Explain how oral communications are or can be used in business situations. Use business examples to demonstrate your answer.
Jo’el Padayachee-10G1 Business Btec- M1 Q.Explain how oral communications are or can be used in business situations. Use business examples to demonstrate your answer. In language itself the spoken language is primary language and the written language is secondary language. There are thousands of languages in the world. Many of them are spoken and written. Some of them are only spoken but not written. But there is no language that is only written but not spoken. Oral communication is constantly and continually employed by an individual in the familial and social environments. Oral communication has also its vital role in business situations. Oral communication in business has a variety of purposes. The communication of information is one purpose of oral communication, and may include informing employees of company-related issues, training new hires, speaking to the general public and maintaining business to business relationships. Persuasion through marketing and advertising is another purpose of oral communication in business. It is used to show a group of people a need and provide a solution to that need. The following are some of the situations in which oral communication is employed. Example 1: Presentations One form of oral communication in a business setting is a presentation. Presentations are usually an organized conveyance of information to a group
The Changing Objectives of a Business as it grows.
A business’s objectives determine the central aim or target of the specific corporate with regards to guidelines to a clearer management tactic or processes. Every firm in the market establishes itself inside the economy with the inclusion of different objectives that pave the pathways to a firm’s board or mark. This facilitates decision-making processes, or the market-aim within a specific business. A starting-up or establishing business would be driven with the objective of surviving in the always-competing market in order to avoid falling into failure like many start-ups. Statistically, the elevating rates of start-ups failures is very high that it instantly allows a manager to think in terms of surviving within the market before establishing itself and moving onto other longer-term objectives. Once a business has founded itself and settled into the market, it can then move into other remaining objectives. After establishing itself, a business moves onto profit satisfying. This is when the managers or entrepreneurs aim to achieve a sufficient amount of profit that would be adequate for satisfaction and survival. Their search for a satisfactory amount of profit is made in order to establish the firm within itself, especially amongst the employees and subordinates. The profit is vital to compensate for regular outflows such as revenue expenditures, wages, assets and so
Business ownership and objectives - Apple and McDonalds
Unit 1 business environment Sole traider; is a single owner of a business or self-employed person such as a plumber, grocer or taxi driver. He or she directs the affairs of the enterprise and has to bare its risks, responsabilities and losses and takes the profits and benefits. Partnership; is a type of business organisation which two or more people share their money, skills, ideas and other resources to put to plan.They share profit and loss in accordance with terms of the partnership agreement signed between them agreeing to work together. Private limited; is a type of company that offers limited liability to its shareholders but that places certain restrictions on its ownership. Public limited; is a company which the securities of are traded on a stock exchange and can be bought and sold by anyone. Public companies are strictly regulated, and are required by law to publish their complete and true financial position so that investors can determine the true worth of its stock (shares). Co-operative; is a firm controlled, owned and operated by a group of people for their own benefit. Each member contributes invested money, and shares in the control of the firm on the basis of one-member. Franchise; is a business organisation where a firm already has a strong service, product or brand name and is well known and succesful. Voluntary; is a business running not for
Notes on Business Objectives, Size and Organisations
Ife Taiwo Business Coursework 0C1 Business Coursework Report Task1 The main business objectives: . Growth in profits – setting a target growth in profits; 2. Growth in sales turnover – produce more and sell more; 3. Increase in market share – to sell a wider variety of products into more markets could be an indicator of a successful company; 4. Expansion of the product range – the proportion f the sales sold by the company in the total market increase. 5. Selling into more areas of the country or the world - try to sell to more areas of the world. Large businesses might try to satisfy the expectations of different stakeholders by: . Shareholders are likely to want the greatest gain from their shares in the company; 2. Workers, managers and directors are interested in how much they earn their conditions of work, etc; 3. Consumers want better quality products at lower prices; 4. Environmental groups will want businesses to stop any activity which is likely to harm the environment. Task 2 The Different ways to measure the size of a business; . Value of the businesses – How much a business is worth can be measured by its sale price to another business. The sale business depends on how much the owners are prepared to sell it for and how much the buyers are prepared to pay. 2. Sales turnover – The value of what the business sells can be used to
Case Study of the "Life is Good" clothing company.
Page | ________________ Case Application More Than a Good Story . Jake and Rocket a cartoon guy and his cartoon dog, can be found on most of the apparel and other branded products sold by the Life is Good Company. With his perky beret (or other appropriate head gear), Jake has that contended look of being able to enjoy life as it is and finding reasons to be happy right now, and Rocket? Well he is just happy to be along for the ride. And what a ride it’s been for the two! They’ve been part of the company growth to over $100 million in revenues. Company co-founders and brothers, Bert and John Jacobs have a personal and Business philosophy much like Jake; simplicity, humor and humility. However both understand that even this philosophy they need to be good managers throughout the organization in order to stay successful. 2. Bert and John designed their first tee shirts in 1989 and sold them door-to-door in college dorms along the East Coast and in Boston where they’d set up shop using an old card table in locations on one way streets so they could pick up and move quickly if they needed to. They used this simple approach because like many young entrepreneurs, they couldn’t afford required business licenses. Although they met a lot of wonderful people and heard a lot of good stories during those early years, sales weren’t that great. As the company
A02: investgating business ownership - Funky Cats toddler gym
A02 investigating business ownership: Describe, using examples, different types of business ownership, and show why business ownership may change over time. Types of business ownerships… . Sole trader 2. Partnership 3. Private limited company 4. Public limited company 5. Franchise 6. Co-operative Sole Trader… A Sole trader is a business owner that operates the business by their self’s although they may employ people. Sole traders are usually set up by people who have been made redundant or have lost their jobs and can’t find any more work. Sole traders are sometime referred to as sole proprietors. Many time sole traders may find it hard to start up their business and their business could. A sole trader may also find it hard to borrow money from banks as banks are wary of sole proprietors as their income may not be able to cover the costs of the loan. Sole traders are covered by unlimited liability so this can be one of the risky sides of becoming a sole proprietor as if something went wrong the proprietor may be forced to sell their personal items to pay off debt. Some advantages of being a sole trader are that you can make your own decisions so all the control over your business is on you. Being a sole trader has many more advantages aswell, probably the best one is that you can take all the profit for yourself or to reinvest in your business. Many sole
I will be discussing the impact a business can come under if the correct legislation standards are not followed by any business or company.
For this task I will be discussing the impact a business can come under if the correct legislation standards are not followed by any business or company. Advantages of COSHH . THE COSHH Regulations 2002 help protect people in the workplace against health risks from hazardous substances. There are many dangers when working in any environment because it involves so it is very important the workers work in a safe environment so they feel safe. 2. if the company follows the COSHH regulations it is for the companies benefit because this way there will be less chance of accidents and the company will save money in this department. Consequences of not following the COSHH regulation There are many disadvantages and consequences if a business does not follow the COSHH regulation for example: . If you choose to ignore the regulation when designing a product it can lead you to a great loss because if some one gets injured or has a accident in the process of making the product the company will have to pay for the costs which comes under a loss for the business because if the company followed the regulation the accident is less likely to occur. British Standards Institution BSI Group, also known as the British Standards Institution (or BSI) is a multinational business services provider whose principal activity is the production of standards and the supply of
