Suggest and justify any changes that each of your businesses could make to enable them to meet their aims and objectives more effectively
Suggest and justify any changes that each of your businesses could make to enable them to meet their aims and objectives more effectively Manchester Airport Manchester airport is the 3rd largest airport in the UK. They are always looking for new ways in which they can achieve this. One of their main objectives is to reduce costs to airlines. They could achieve this by incorporating new leisure facilities into the airport, e.g. cinema and bowling alley. This could help them achieve the objective as they would be making profit from the new facilities and so could lower the rent prices to the airlines, this could also help because more airlines would want to set up in Manchester airport due to lower renting cost, so the airport will have more customers, however the airport would have to spend money on building/creating space to build the new facilities. This would mean that the airport would loose money until the facilities have been built and are running and are making sufficient profits. As this would mean money loss, the airport could find another way of making money as it is being built. They could charge retailer more, this would mean taking a higher percentage of the retailer's profits. This would mean the airport would make more money but the retailers would make a decrease in profits. This could also cause retailers not wanting to set up in Manchester Airport as the
Business Case Study - Hormaz
Business case study Hozmallo Pumps Hozmallo Pumps is a private limited company located in India, that manufactures and distributes high quality (producer good) water pumps for buildings all around the country. Cyrus Polpet started the company 71 years ago, but now his son, Armand is taking over as CEO. Since the last 2 years, sales of the business have been rapidly decreasing resulting in very low profits (fig. 1.1) mainly due to the soaring inflation in India. Furthermore, the financial strength of Hozmallo Pumps has not been good. After calculating, the Current ratio of the business is 0.98. Armand found his fathers Budgets for the business (fig. 1.2). Many other problems have occurred in the business too over the last 2 years. Young and ambitious, Armand has set certain goals for the future to improve Hozmallo Pumps: > Reduce costs > Increase profits > Spread risk of the business > Increase market share > Expand into new countries Fig. 1.1 Armand wants to purchase the new 'Pumpmaster 3000' to reduce costs and increase output, but is finding it difficult to pull out $5,500 from the business. Also, he wants to expand the business operations into the middle-eastern market. Armand found that Oman would be a good country to expand into for various reasons after carrying out market research. Data collected: * Many clients willing to buy product * Competitive
Citizenzhip research coursework. I am aiming to find out in what ways Trocaire helps poverty stricken countries and by doing this I will raise awareness of the vital work of the organisation to the people around me.
CCEA GCSE Learning for Life and Work Unit 1: Report Year 2010-12 Unit used for Focus Unit 3: Local and Global Citizenship Content Rights and responsibilities regarding local, national and global issues. Selected Aspect Ways in which the individual can become more aware and active in local, national and global issues, for example through pressure groups and volunteering. Investigative Task To investigate ways in which an individual can become more aware and active in ........... issues through the work of an NGO. CAT Title Trocaire Name Sean mcconvey Candidate Number Tutor Group 2-3 Teacher Miss morgan Sub Task 1: Introducing the Controlled Assessment Task CAT Title To investigate the .1 What do I mean by the key words aware, active, NGOs and pressure groups, volunteering? Aware - To have knowledge of something going on and have information on something e.g. "I was aware of the classmate stealing my pencil." Active- You are involved in something NGO- A non-governmental organisation which can be any organisation not connected with the government. Pressure groups - A group which encourages a person or another group into doing something and persists until they change. .2 Research of the meaning of Oxford dictionary seventh edition Aware - having knowledge of something Mobile phone Collins dictionary Active- someone who does a lot of
In this task I will focus on the main roles of Richer Sounds and Tower Hamlets Councils departments, I will then look at the importance of each department and how each department help each other.
UNIT 1 M3 Introduction: In this task I will focus on the main roles of Richer Sounds and Tower Hamlets Council's departments, I will then look at the importance of each department and how each department help each other. Main job of Functional Areas for Richer Sounds: Human Resources/Colleague Support Department - Responsible for hiring/recruiting the people with the knowledge to bring more customers to the company. Marketing Department: - Obtaining customers for products and services by delivering customer value. Finance Department - In charge of money going out and money coming in for the business. Importance of Main Functional Areas: Human Resources/Colleague Support Department - is very important to Richer Sounds because recruiting and selecting the best employees is a very hard obligation. Therefore the colleague support department is important because to be successful in the automotive market, Richer Sounds needs a highly skilled, flexible and committed work force. Therefore for Richer Sounds to achieve these goals, the company needs talented HR department and hiring the right people to manage and perform specific jobs. Importance of Marketing Department: businesses are always searching for better ways to produce goods and services, for example richer sounds HR department need feedback from customers so they can find out what is wrong with their product and
Birmingham International Airport - Competitors
Like any other airport, Birmingham International has enough competitors that want their own share of its market. The theory is the bigger the better, and better = more profit. This means that BIA will keep having to continually renew their prices so that they stay ahead of the market, and cause their opposition to loose out. I will now discover how BIA keeps ahead of their game, consistently from year to year. One way that BIA keeps ahead is making sure that the facilities that they offer are up to scratch at all times, and they constantly update them to meet demand, and maintain them if necessary (such as toilets etc). BIA have also displayed instances where they care for the customer, one by investing in the EuroHub tunnel, and the other by adding an 'Air-Rail' link to the airport, one of this have decreased the flight transfer times dramatically, and the other has made the travelling times lower than they were before. By creating and maintaining these type of facilities, they do not award their competitors the opportunity to beat them at their own game, and therefore will always stay on top, which has been proven in my other parts of work (how big they are). Referencing to the 'Master Plan' again, they are going to develop the airport fore dramatically which shows again they are always growing bigger, and reducing the opportunity for any other airports to get in edgeways.
Aims and Objectives of two contrasting organisations (boots and oxfam)
Aims and Objectives of a Business Strategic aims and objectives of two different organisations * Aims are just general statements briefly outlining what a business plans to achieve. * Objectives are much more specific and should clarify the aims in more detail. * A Business Strategy is the conduct of drafting, implementing and evaluating cross-functional decisions that will enable an organization to achieve its long-term objectives. Aims are broken down into individual objectives which are SMART; Specific - the objective will have a purpose Measureable - growth can be measured Achievable - It will not be impossible to achieve Realistic - It Time specific - It will be able to be achieved within a certain time frame Strategic plans enable a business to achieve its Objectives. They are based on what is happening in current marketplace. So a business must do research and find lots of different information about its, customers, competitors, sales, market shares, price, costs and profits. This information is found by doing Market Research. This information can either be Quantitative or Qualitative. Quantitative data - information easily gathered by numbers. Qualitative data - information based on opinion, beliefs, feelings. A strategic plan considers the future of current decisions, overall policy, organizational development, and links to operational plans.
Panasonic Creates a Single Version of Truth from Its Data
Panasonic Creates a Single Version of Truth from Its Data Case Study Panasonic is one of the world's leading electronics manufacturers and it operates under the umbrella of the Matsushita Electric Industrial Co. Ltd, a conglomeration of over 600 firms that based in Kadoma. Because of the enormous size the firm found that hat its product and consumer data were often incomplete, duplicated or inconsistent. In addition different segments were using different pools of data that were isolated form other parts of the company. This type of data handling were costly and created operational inefficiency. In order to solve this issue Panasonic decided to replace the current "pull" model of data dissemination with a "push" model. This objective was by the master-data-management (MDM) software from IBM's WebSphere line. The implementation of this software saved Panasonic millions euros however there were some challenges while implementing it.. Question 1. Evaluate Panasonic's business strategy using the competitive forces and value chain models. In order to evaluate Panasonic's business strategy first of all the the Porter's Five Forces model was applied. This model provides a general view of the firm, its competitors, and the firm's environment. In this model, five competitive forces shape the fate of the firm. * Traditional Competitors: With fierce competition and short product
chapter 7
HIST 1302 LSC Spring Semester - Mr. John Payne Writing a Historical Book Review Writing a book review as an assignment in a history course is designed to promote at least four important objectives: (1) effective writing, (2)) substantive knowledge about a particular historical topic, (3) the development of a historical perspective and an understanding of the nature and use of historical research, and (4) an ability to think critically about the work of others. A typical summary "book report" can at best teach only the first two objectives. A critical book review goes beyond mere summary to inquire into the overall worth of the work. There are six steps to preparing a review of a historical work. With some modifications, these steps also apply to writing reviews of other nonfiction works. NOTE: All submissions will be checked for plagiarism using the software program "Turn-It In." This program checks each submission against a host of sources including previously submitted papers on the subject at Lone Star College. Academic integrity is a serious matter. If you have a question on this item review the college policy outlined in the syllabus. . Select a book. Three books have been selected to augment the text book for this course. Each additional reading should be read and reviewed during its respective unit of the course as outlined in the syllabus.. 2. Determine the
Would it be a sound business proposition to open a cinema in Andover town centre?
GCSE Business Studies Module 2 Would it be a sound business proposition to open a cinema in Andover town centre? By Alan Tom Section 1 Would it be a sound business proposition to open a cinema in Andover town centre? The aim of this assignment is to find out whether it would be a sound business proposition to open a certain shop or business of my choice in Andover town centre. I will collect as much information as possible and then finally answer my title question. First I will decide what kind of business would work best in Andover town centre by analyzing the advantages and disadvantages of each. Then I will find out whether or not my chosen idea would be a sound business proposition using a variety of primary and secondary data collection methods, including surveys and internet research. * Primary research is research that was done by me, specifically for my assignment. * Secondary research is research done by other people that is useful to my assignment. I will then analyse my results, and use them to help me to make a conclusion. * I will also need to consider the location of my proposed business, as this is a very important factor - a shop on a back alley will have less turnover than one on the high street but will also have lower rent, for example. * Competition is also an important factor in location - locating your business next door to a similar
Business Unit 2 Strand C
Strand C - Rights of the employer and employees Employer rights and the law Employers have certain legal rights, which protect both themselves and you whilst you are working for them. Most employers have all their employees sign a contract of employment, as previous described, and they expect their employees to abide by it. If the employees don't abide by the contract of employment, then the law is on the side of the employer, and disciplinary action can be taken against the employee. The employer has the rights as stated in the contract of employment, as well as some rights on top of this. These rights are not stated in the contract of employment because they are obvious, and so are taken for granted; they can be called the implied terms. "Additional rights of all employers (the implied terms) All employees must: * Be reasonably competent and have the skills they claimed to possess at the interview * Be 'ready and willing' to do the work and do what a 'reasonable' employee would do in any situation * Work towards the objectives of the organisation * Take reasonable care of the employer's property (including equipment and furniture) * Be prepared to carry out reasonable instructions and requests, which might include complying with a company 'dress code' especially if the employee comes into contact with general public or does work which is regulated by hygiene and
