Interdepartmental Links within Tesco and NHS
I am not going to explain why it's very important for each functional area to keep in touch so that they know everything going on within the business. Tesco * Sales and production functions o If the business is selling goods and giving delivery dates to customers it will need to check with the production side to check that the goods will be ready in time for when the customer would like them. * Sales and Finance Functions o When making a sale, the sales department may want to refer to the production department to make sure that all deliveries are going out on time. The finance department may also check to see if there are any ongoing debts and who not to sell to. * Finance and Distribution Functions o Finance must know when goods have been dispatched as they can send out Dispatch Emails and can send invoices if need be. * Customer Services o Customer Services may need to be in touch with everyone. When a customer wrings in to Tesco the customer may be put on hold while someone from the Customer Services Dept. contacts the other person. * HR & Finance o Human Resources need to check with the Finance Dept to make sure that the correct pay is being given to all the employees. If this is not the case then the HR team may contact the Finance Team to get this sorted. NHS * ICT o The ICT Dept. need to make contact with all the departments to make sure that all
Differences Between Aims and Objectives
Aims and Objectives Differences The differences between a business aim and a business objective are that aims are longer term goals such as maximising profits over a set time period. Objectives are a lot more specific to aims were they are targets which are set to help achieve the overall aims of the business. Aims are like smaller goals that a business sets to help achieve their overall objectives. A common business aim would be to expand into other countries. The objective would then be to reach a profit of €100,000 within the first two years. The importance for a business to have aims and objectives is so that it has goals to work towards. Without them the business wouldn't have any goals and as a result would strive to be a better business. It also sets employee standards so that they know the values of the company. Sometimes business will and should use SMART objectives. A SMART objective will have to comply with the following criteria: Specific - Objectives should be specific and clearly state what the business hopes to achieve. For example a common business aim is increasing their profits. Measurable - The business should be able to measure whether they are meeting their set objectives. For example if a business's profits increase by %15 then they have reached their objective. Managing objectives is just as important as setting an objective. If it is measurable
Aims and objectives for a sandwich business.
Level 2 First Diploma Business Unit 2 –People in an Organisation Assignment 1 Kerrie Smart Layla Johnson Unit 2 –task 1 (p1) Aims are long term plans which provide an overview of the businesses overall goals which are usually reviewed in the next 3-5 years. Organisations in the private sector have aims which are primarily based on profit and repeat customers. This may be because privately owned businesses have to please shareholders who are usually looking for a return on their investment. Businesses within the public sector strive to improve their service their aims reflect this they also may include statements about quality and efficiency. This is because public business are owned by councils and governments who are focused on keeping their residents business. Voluntary organisations (charity) usually have aims based around the service they provide, the people they help and the work they strive to continue. Objectives are more specific than aims they usually include specific, measurable, achievable, realistic and time-constrained points. They are set over a short time period and are reviewed in the next 5-6 months. Unit 2 –task 2 (p2) Objectives are set because aims can be too big to handle all at once so they are split into 3-5 objectives which are more detailed and measurable they’re also used to keep and organisation focused this can be highly beneficial
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
how cadbury's competes
Evaluations on how well Cadbury's and Carrick travel compete In my judgement I believe that Cadbury's compete very well in the confectionary market. This is proved because in the research that was done there was a lot of cases where Cadbury's profits and market share were higher than other businesses. since Cadbury's were introduced they have been one of the highest holders of confectionary market share and through new products. Also developing their current products they have been able to increase the amounts of profits they get and therefore decrease the amount of their competitors. One of the biggest way in which Cadbury's competed well was when they introduced the new gorilla ad which has increased their profits and market share of the dairy milk bar to nearly double the amount that it was at before. In September 2005, Cadbury's had 28% of the UK's producer's shares but were being followed closely by Mars and nestle at 24%. The advert was awarded the best advertising award for TV commercials. In the first half of 2008 Cadbury's recorded that they were on target and that their profits are heading for +7% of the market share. These profits added up to £223 million before tax. Cadbury's supply their products in shops all over Europe. All of this proves that Cadbury's was very successful in the way they compete. I think that if they carry on this way and introduce new
Describe the type of business, purpose and ownership of Help for Heroes and Topshop.
Help for heroes is a charitable company that was founded by Byrn and Emma Parry in 2007, they started Help for Heroes. They raise money for the servicemen returning from war, in Afghanistan and Iraq. Help for heroes have 5 different campaigns that have been done , these are; swimming pool complex at Headley court, Relative’s houses at Headly Court and Selly Oak hospital, battle back, troop aid, combat stress and the patients welfare fund. They are a national company based in England only. The Help for Heroes Company are a registered UK charity, but also have a profitable gain, they do exactly what is stated and all donations are given to the charity. But they also sell Help for Heroes merchandise such as wristbands etc. these go towards the running cost of the company and to the owners. The donation that Help for Heroes have received since October 2007 is £105.377M. Help for Heroes have about 250 employees worldwide Help for Heroes is a tertiary business and the purpose of the business is to help wounded service men and women through donations and fundraising, the ownership of Help for Heroes is a partnership, owned by Bryn Parry and Emma Parry. The mission statement for Help for Heroes is ‘Help for Heroes supports any serviceman or woman who has been either wounded in conflict or injured in training since 2001. We are raising millions of pounds to create facilities to
Sole Proprietors
) What personal qualities does a sole proprietor need for success? A sole proprietor needs these qualities to be successful dedication, hardworking, good basic, trading idea and willing to take risk and to overcome problems. 2) What kinds of businesses usually have to have a licence? Certain businesses usually need a licence to trade mobile shops, street traders, mini-cabs, super market's, corner shops and scrap metal dealers. 3) What types of businesses usually have trouble with the local council if they were run from a person's home? Certain type of businesses might have trouble running businesses from home garages, electricians, music store, bakery and pet shops. 4) How could you find out before you started whether or not you would have trouble? To find out before you start a business you would need to contact the local council. 5) If you went to a bank manager for a business loan, what would he like you to bring with you? If you were going to a bank to apply for a bank loan it would be a good idea to bring along a cash flow-plan and a profit and loss budget must be drawn up to make sure that the business will be profitable. 6) What are the main advantages and disadvantages of running your own business? Advantages * Flexibility. The small business is very flexible. If one kind of activity is not profitable, the owner can quickly switch to something else. *
The Three Business Sectors Explained
The Primary Sector The primary sector consists of businesses which produce or obtain natural products or raw materials from either the land or sea. This sector is split into four main categories. Agriculture This category covers animal farming, landscape gardening, horticultural, vegetables and cereals. Mining and quarrying This category covers coal mining, natural gas and oil extraction and the quarrying of all types' stone, gravel, sand, clay and salt production. Fishing This category covers freshwater mussel growers, salmon farms, trout hatcheries and fish farms. Forestry and logging This category includes all businesses involved with the planting and conservation of felling timber and Christmas tree growers. The Secondary Sector The secondary sector consists of all businesses which manufacture, process or assemble products. This also covers energy and construction. Again this sector is split into four main categories. Manufacturing This comprises of all businesses which make or manufacture goods in the UK, this is regardless of their size or what they actually manufacture. Engineering This group comprises of engineers who are employed in the manufacturing industry. This is mainly in relation to the design and functioning of machinery and equipment. Lighter engineering companies make smaller items where precision is paramount such as scientific and medical
Types of electronic communication in business.
Email This is one of the most common forms of electronic communication in business it is instant messaging and is an accurate form of contact it is an electronic letter sends through the internet to electronic addresses. An example of a business that uses this would be S.W.C lecturers communicate with each other and to students through this. Email is used in businesses because it a quicker and more efficient way to get in touch with clients and business partners also it won't get lost in the mail and it is cheaper. If a global franchise needs to contact one of its branches in another continent then it could take up to week or longer for a letter to be sent through the mail with email it is sent instantly. S.M.S Short Message Service (SMS) is a communications protocol allowing the interchange of short text messages between mobiles. This would not be so common in businesses it is a more social way rather than professional way to stay in contact but employees may talk to each other through this method of communication. This would not be used in any formal way of communication although between employee's it would be a very easy way to contact each other. Also businesses may use it to contact customers for example Ladbrokes bookies contact there members via S.M.S with promotions. This would be a better way to contact people as ringing them may disturb them and emails may not
Functional Areas Within ASDA
Functional Areas within a Business Operations They are in charge of producing the goods or services in an efficient and well organised way by making use of any available machinery, building and raw materials and any staff. Human Resources They are in charge of making sure the business has the right employees for the job and they can work in a safe environment. Finance They will keep a record of any trade that takes place in the business. Future expansions, the paying of any staff and suppliers, securing finance for any future expansion of the business and preparing the payroll are just some of the areas they have responsibility for. Sales and Marketing Sales would be in charge of customer care before and after the sale as been made. Marketing are in charge of promoting the goods or services on offer and coming up with ideas such as special advertising offers. Administration and ICT They ensure the faultless operation of the business. They are in charge cleaning, server management, software support, health and safety, clerical duties, research and dispatching mail. Functional Areas in Public Limited Companies (ASDA) Operations They are in charge of the buying of stock from various manufactures and dispatching it to their stores throughout the UK. They also prepare the food in their bakery department, stock the shelves and display any individual deals or discounts
