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

  • Word count: 528
  • Level: GCSE
  • Subject: Business Studies
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Analyse how businesses are organised

Activity 2: Analyse how businesses are organised INTRODUCTION: For this assignment I have been asked to write a report focusing on the larger business of my two chosen businesses from activity one. I will consider the type of organisation structure the business has, I will also consider the functional areas of the business. The last point I will consider is the forms of communication used in the business and whether they allow they allow the functional areas to work together. As a Business gets larger it's important to be well organised reason being: * Everyone will know what their job is * Everyone will know who are they responsible for * It helps to motivate the workers HSBC: HSBC is a PLC (Public limited Company) and the world's largest bank and the world's 6th largest company. They have big aims and big objectives and they are a very successful business. As a large business company they have a tall organisational structure with 13 levels. Their tall organisational structure is also an hierarchical structure because it contains a chain of command which basically means that different levels of the structure have different authorities, the level with most authority is at the top and the level with less authority at the bottom. These are some levels from HSBC's organisational chart: * Shareholders * Board Members * Human Resources * Cash centre * Operations

  • Word count: 758
  • Level: GCSE
  • Subject: Business Studies
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Business Competition

Competition Competition is another business provides similar products and/or services. The competitors can be local, national or even international. Sometimes they will also be on the internet with out any shops. The competitors don't just sell exactly the same things. For example HMV's competitors aren't just other music stores but they are also other shops like Tesco, Sainsbury's, etc. The competitors will compete for the customers to try and create more revenue. The main thing that they usually compete with is the price. They will lower prices so customers buy from them rather than other shops. Nike Golf Callaway Golf They are an international competitor; this means that they sell products all over the world. They are a competitor to Nike golf because they sell similar products and services. Some of the products that they sell are gloves, clothes, clubs, bags, etc. They don't have a store because they sell all their products to retailers or sell their products over the internet on their website. They target all types of people juniors, Ladies and Men. They key competitive differences to Nike golf are that they sell more professional and expensive products. American Golf They are a national competitor because they sell products to the whole of the UK. They are a competitor because they sell products from other suppliers which are similar to Nike golf's services and

  • Word count: 1329
  • Level: GCSE
  • Subject: Business Studies
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What are franchises

Franchises Homework (Unit 10) By Omar Omar Y10A . Explain in your own words how a franchise business is set up. A franchise business is set up after a pilot operation or trial is carried out to see if this idea was commercially viable. If this trial is profitable then the company sets up a training scheme for franchisees based on what has been learnt in the trial. When the arrangement are complete then the company advertises for a franchisee. Many candidates answer, and they are put through a careful scrutiny test to see if they have the necessary qualities. The company must be very selective; the wrong choice could permanently mar the company's reputation. After the franchisees are chosen, then they are trained to run the business. Then they are given the exclusive rights to use the brand name in exchange for royalties which would continue throughout the companies' marriage. 2. What are the main advantages and disadvantages for a franchisee? There are numerous advantages and disadvantages for a franchisee. For example, they have a bigger stab at success than small businesses as this product/business will already have been tried before and succeeded. In other words, it is already more established and has a target customer base that will buy or make use of the product. Since a potential franchisee will be working with an already established name, then they will have no

  • Word count: 693
  • Level: GCSE
  • Subject: Business Studies
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Environment factors affecting business. An organizations environment is composed of numerous factors:

Introduction Every organization, whether cultural, political, business, religious or social, exists within a particular environment; and it is the nature and characteristics of the relevant environments that affect the attainment of objectives of the organization Environment Factors affecting Business An organization's environment is composed of numerous factors: (A) Social-Cultural Factor Each society has a unique culture which represents the shared characteristics and values of its people. That is, in each society there are certain norms or values which together form the basis of how people behave and the attitudes they display. The sources of social culture lie in its historical tradition and development, its religious beliefs, customs and laws. A society's culture is important for individual organization for several reasons. For example, the acceptability of the organization's products or services, attitudes towards pollution , health, consumerism, ethics, change of value. Another cultural implication for an organization relates to its own internal structure and behaviour. A society's culture may also have impact on the way in which an organization defines its authority and responsibility structures, in that it will need to be in accord with and subject to national cultural norms. (B) Political Factor The political system defines the

  • Word count: 1614
  • Level: GCSE
  • Subject: Business Studies
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tesco aims and objectives

Aims and Objectives Tesco's Mission Statement A mission statement shows the aim of a company. It shows the direction a company is going. And what they are doing to give their shareholders the best dividend. Tesco have a mission statement to encourage shareholders to invest in their company. You need to broadcast your aims to the public so that they can see what the company wishes to achieve e.g. Tesco want loyalty from customers and therefore this indicates that they will do everything possible to achieve this. Tesco needs the profits which only the customer can give and this is only possible if the company provides the right type of goods to satisfy everyone. Tesco has made sure that they stocks are goods and plentiful so that the customer does not need to go anywhere else because their aim is to satisfy each and every customer. By setting an aim the company is able to set itself targets e.g. to become the leading supermarket and improve its market share every year. By setting targets the company can assess its performance. If things go wrong then they can take steps to improve and achieve their appropriate targets. The company will also attract every type of customer, which will lead to large profits which are desperately required to pay the shareholders dividend, expand the company, introduce new products and improve existing services. In order to reach their aim

  • Word count: 7441
  • Level: GCSE
  • Subject: Business Studies
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Business Aims and Objectives

Aim and Objectives People start different businesses for different reasons. Most people start a business to sell products or services and make a lot of money or to make a profit at the end of the working month. This is not always the case. The people who take the risk of starting a business have many different aims and objectives and hope the business does well. An aim is a long term target that the business is trying to achieve. The main aim is usually to be able to make a profit and be able to use it as an income. Other people may have different aims such as create a unique business that no one has thought of before. They also sometimes start businesses just because they enjoy doing something or because they want to work for themselves. Businesses need to have aims because then they have an idea of what they want to achieve after a long period of time. An objective is a short term target designed to meet the long term aim. Aims are trying to show what the businesses are generally trying to achieve but objectives are very specific. They need to have objectives because they are measured targets that can be used as stepping-stones towards the aims. An example of an objective is a business has an aim to increase the value of the business for share holders. To achieve the aim it will set specific objectives including financial objectives such as increasing the earning by 10%

  • Word count: 665
  • Level: GCSE
  • Subject: Business Studies
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Interaction of functional areas

M3 Interaction of Functional Areas Functional Areas in Tesco & Oxfam Administration: Both organisations incorporate administration within their business to implement vital decisions, Tesco use administration to crucially administer the critical decisions and planning needed to develop the business as a whole and expand itself throughout other countries, other functions within administration can be budgeting, leadership etc. which Oxfam also uses to develop itself and budget donations that will be passed to 3rd world countries, also Oxfam uses administration can be used to assess the qualityin all areas and detects potential or actual deviations from the organization's plan. Administration can tie into finanace Customer Service: Both Tesco & Oxfam both provide customer service towards their customers, Tesco uses their customer service to either receive complaints, offer advice or information to customers or allow customers to offer their opinions about the organisation. Oxfam use their customer service to allow donations to come through or to offer advice or information about where donations will go and what will be bought with the donation made, also they give information about outlet stores as they sell goods with the money reaching 3rd world countries. Distribution: Both organisations use distribution but both use its purpose for different reasons, Tesco uses

  • Word count: 941
  • Level: GCSE
  • Subject: Business Studies
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Competitive business

Introduction I am going to give brief introduction of McDonald and Burger King and how they compete with each other, including information on their market share. In 1954 Ray Kroc became the first franchisee appointed by Mac and Dick McDonald in San Bernardino California. Ray Kroc then opened his first restaurant in Des Plaines Illinois near Chicago and McDonald's Corporation was created in 1955. In 1957 the company motto became quality, service, cleanliness and value. The 100th McDonald was opened in Chicago in 1959. The 500th restaurant was opened in 1963. McDonald introduced Filet-o-Fish Sandwich in 1964. In 1965, McDonald's corporation went public. In 1968, the Big Mac was introduced and the 1000th restaurant was opened in Des Plaines Illinois. In 1970, McDonald's restaurant was everywhere in United State. In 1971, the Egg McMuffin sandwich was test marketed in United State as McDonald's first breakfast menu. In 1972, McDonald's assets exceeded $500 million and sales surpassed $1 billion, opened new restaurant every day, introduced Quarter Pounder and 2000th restaurant opened in Des Plaines, Illinois. In 1973, McDonald's Golden Arches Restaurants Limited was founded in United Kingdom as a joint venture partnership between McDonald's Corporation and two businessmen, one British and one American, opened a new restaurant in Sweden and introduced Egg McMuffin. In 1974, the

  • Word count: 3612
  • Level: GCSE
  • Subject: Business Studies
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Planing your own business

Our business is an estate agent. Our Estate Agent business provides the facilities that are selling and renting homes. Estate agent business is easy to control it. We set up this business because we trust on each other. We invest all our savings and contribute to equal amount of capital £100000, so there will be no pressure on one of us and less on others. Every one will get same profit as others. I m going into business with Samir, Michael, Shuaib, and Gerald. I m going into business with these people because I trust them and they have the following skills. We have Michael who have outstanding skills in sales and Marketing. Shuaib has some good skills in retail Managing. Samir who have excellent skills in IT will design our web services and control all IT work. The last partner is Gerald who has very good skills in Administration. These are the people who are recognizable with this business. I am really good in Finance and am able to take responsibility. Jawads Strengths I am good in typing. I can communicate with customers. I can take business responsibility. I can also communicate on phone with customers. I always take my work seriously. Weaknesses I can't lead the group. I am too quite. I can't work for long hours. Looking at my own strengths and weakness, it describes that I m good in Finance and spend most of the time on computer. I got some

  • Word count: 1156
  • Level: GCSE
  • Subject: Business Studies
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