What motivational strategies does Sainsbury's use with its employees to maximise their overall performance?
Business Studies and Economics Coursework By Sarah Hussain 12CH What motivational strategies does Sainsbury's use with its employees to maximise their overall performance? Introduction Sainsbury is a Private Limited Company. It is a leading UK and US food retailer with interests in financial services and property. The group compromises Sainsbury's Supermarkets and Sainsbury Bank in the UK and Shaw's Supermarkets in the US. The Group employed 172,90 people at the end of the year The Groups objective is to meet its customers' needs effectively and thereby provide shareholders with good, sustainable financial returns. It aims to ensure all colleagues have opportunities to develop their abilities and are well rewarded for their contribution to the success of the business. It also aims to fulfil its responsibilities to the communities and environments in which it operates. In order to be a productively successful company Sainsbury's has to make sure that their staff are motivated. If their staff feels motivated in the work practice then the employers can expect a higher output per head. This will explained further later on. I have chosen to analyse the motivation techniques of the managers at J Sainsbury plc. I want to find out how they aim to motivate their staff and if they are aware of Maslow's hierarchy of needs and if they implement them in the workplace. In order to
I am going to relate the stock control and forecasting techniques that Cadbury use
C3: The relationship between stock control and forecasting techniques Used in the production methods employed For this part of my assignment I am going to relate the stock control and forecasting techniques that Cadbury use with the production methods that Cadbury use. When Cadbury buy stock, it has to be considered carefully by Cadbury, the correct quantities of the stock should be purchased to reduce the amount of wastage should be controlled so that loses are controlled. Cadbury purchases its main ingredient cocoa beans from Ghana, which is then taken to marlbrook where the cocoa beans are cleaned and grounded. After this they are imported to the UK in the Bourn Ville factory where the production of the product is completed. Cadbury knows how much stock that has to be purchased due to the time series analysis that is done. The time series analysis shows historical data which Cadbury use to analyse and predict the future trends of the sales of products. This is the reason for why Cadbury needs to ensure that the time series analysis is accurate and up to date so that Cadbury can produce enough products so that there is no wastage or shortage of products, this is also meeting the customers demands. If Cadbury decided to purchase more stock than needed then Cadbury would be overspending its money and the wastage figure is likely to increase because more products than
Explain the main factors which might determine the elasticity of supply of labour to an occupation such as computer specialist (10)
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External influences Economy Interest rates Most businesses will need to borrow money. The interest rate will affect how much it costs
External influences Economy Interest rates Most businesses will need to borrow money. The interest rate will affect how much it costs a business to borrow money. If the interest rate is high the money a business owes is more than before. A 20% interest rate rise would affect Cadbury's; they would have to pay extra money towards the loan. This too would affect Sainsbury's in the same way. Any interest rates that go up will affect a business because the business needs to make up the costs and the only way to do this is to higher the prices of their service or products. The company might have to borrow more money to pay for the interest rate going up. Competition Competition is where rival businesses aim their products at the same customers and try to win and keep their custom. Sainsbury's main competitors are tescos, Asda and Morrison's. They all sell food and household goods. Asda could sell more food than them so Sainsbury's would get less customers, Cadbury's main competition is Masterfoods, coca cola, Walkers and Rowntrees. If Cadbury in the next year didn't release any more chocolates or sweets and rowntrees released different sweets even though people would still buy Cadburys old ideas they would buy rowntrees new products. This way Cadburys would loose money and they would loose customers buying their products to the other companies. If Sainsbury's had a dyer
Cash flow. A cash flow forecast is a document that predicts cash requirements in the future. It helps a business save money for things it may need in the future
Cash Flow A cash flow forecast is a document that predicts cash requirements in the future. It helps a business save money for things it may need in the future. Financial problems may arise if the business has more outgoings than income, such as unpaid bills or sudden money loss making the business low on money. Another business could also owe money to yours and go bust. The business is most vulnerable to cash flow problems when they first start up as this is when there are more outgoings than money from customers. Certain areas, such as production, could have difficulties operating as the costs are too high. Businesses may also have cash flow problems due to other reasons, such as not selling as well as expected. A business can improve their financial situation by borrowing money from a bank, cutting costs or increasing sales. Businesses use cash flow forecasting to anticipate months where they may have a shortfall and get ready for them by taking action before they happen. It may help the business if they identify areas where the business was weak or strong and change strategy to deal with any problems and maximise potential. The five parts of a cash flow forecast are: Receipts, payments, excess of receipts over payments, opening bank balance and closing bank balance. Cash Inflow: This section shows how much the business (in this case, a garden centre) has loaned from
What is Inflation? Effects Inflation has on the Trafford Centre. How does The Bank of England control Inflation?
Inflation What is Inflation? Inflation is a general and progressive increase in prices, usually measured over a period of a year; in inflation everything gets more valuable except money. There are two types of inflation- RPI (Retail Price Index) and CPI (Consumer Price Index), the only difference between both of these types of inflation, is that RPI is an average measure of change in the prices of goods and services- and includes house prices and the CPI is the same as the RPI- except it excludes house prices. The Bank of England Monetary Policy Committee tries to keep inflation steady at the Government's 2% target, although this target isn't always met, What Causes Inflation? Several aspects cause inflation, for example, inflation can happen when governments print an excess of money to deal with a crisis. As a result, prices end up rising at an extremely high speed to keep up with the currency surplus. Another common cause of inflation is a rise in production costs, which leads to an increase in the price of the final product. For example, if raw materials increase in price, this leads to the cost of production increasing, this in turn leads to the company increasing prices to maintain profits. How is Inflation calculated? Inflation is calculated by selecting thousands of prices for goods and services, known as the 'basket of goods, and then they are analyzed to check
The loot is a multi branded discount store, offering customers a wide range of products with a minimum of 25% and going up to 70%
'The Loot' Great steals on big brands The loot is a multi branded discount store, offering customers a wide range of products with a minimum of 25% and going up to 70% discount through out the year. The store retails brands world class brands like Adidas, Nike, Red Tape, Lee Cooper, Spykar, Pepe Jeans, Arrow, Eccentrics, Provouge, SF Jeans Wrangler, Levi's, Benetton and many more. Every one can expect something at the loot, from a casual pair of jeans and T-Shirts to formal trousers and Shirts. The loot also stocks an attractive array of accessories, the range varying from belts, caps, school bags to ladies hand bags and wrist bands. All accessories shelved are vibrant and trendy, those that'll you can put on casually for daily use. The range of jeans is very wide, and picking the right shade can be a problem. The jeans sport shades of grey, blue, olive green, brown. They are available in various fits and patterns like boot cut, low waist, straight fit and mid waist. Apart from the known Indian brands the store also sources products from the global markets, most of which are unavailable in the Indian market. The store stocks exclusive products from brands like Tuscan Verve and Thomas Scott. The loot stores located at Chembur are much like the Loot stores located across the city. The loot started of as a franchise of various brands and later, moved into the current format
Business in the UK case study. Adidas PEST analysis
Adidas PEST analysis Political Adidas need to be aware of the political state of the UK, the same for the all other countries where they have bases. As if the government is unstable, or there are any controversial policies, they may have a bad affect on Adidas. There is a stable political situation in the UK, as it has a democratic government, a democratic government is one that is decided, by people voting on who they want to run the country. This means that if a dictatorship was to emerge and started making decisions that the public didn't agree with they would simply be voted out at the next election. This is good for Adidas when operating in the UK, as it is fairly unlikely that the government would suddenly introduce any controversial policies. This will be good for my product as it gives it firm ground to work on.There are elections every five years in the UK, with the next one in 11 June 2015. This keeps everything functioning properly within the UK, as the government aren't very likely to introduce any controversial policies, as they would be voted out at the next election. This is good for Adidas, as it means that the government aren't very likely to introduce any drastic policies, which may affect them. The government also offers subsidies if organisations set up factories in areas of high unemployment, such as the north east of England and south Wales.An
McGregor -Theory X and Theory Y
Introduction McGregor -Theory X and Theory Y McGregor, an American psychologist, built upon earlier studies into the psychology of the workplace. From these studies he constructed a model of management attitudes, and from this model demonstrated that managers, wittingly or unwittingly, strongly dictated the type and attitude of workers in their employ. McGregor firstly examined the work of Taylor. In the early 1900's the Classical and Scientific (Taylorian) schools of management, suggested that workers were to be given tasks in their simplest forms. Within such Taylorian businesses, the role of management was to ensure that the simplest, most efficient, and productive working methods were used. Employees would have nothing to contribute but their labour. It can be argued that the early success of Ford Motors was to a large part due to the implementation of this structure. The second element McGregor used was the more recently developed Human Relations School. Studies performed by students of the Human Relations School, such as Mayo, found that many employees would produce higher levels of output, and be more aware of quality issues, if they are brought into the decision making that affected their jobs, rather than being just told what to do, and how to do it . There was a recognition by the Human Relations School that employees would have needs over and above those of
Ownership, Aims and Objectives. In this assignment I have been asked to research a variety of companies and put them into three main areas of ownership. These are: the private sector, the public sector and the charity and voluntary organisation sector.
OWNERSHIP, AIMS & OBJECTIVES Introduction In this assignment I have been asked to research a variety of companies and put them into three main areas of ownership. These are: the private sector, the public sector and the charity and voluntary organisation sector. Within the private sector there are six more types of ownership, these are: * Sole Trader * Partnership * Franchise * Co-operative * Private Limited Company * Public Limited Company Saddleworth Museum The Saddleworth museum is a small business as it operates at maximum across a single town. Saddleworth museum is in the public sector. The purpose of Saddleworth museum is to provide entertainment and education about the local history. The service is provided for local people and tourists that may be interested in the subject. The main objective of the business is to make a minimal profit which can help the business run for longer so it can still inform the public about local history. Break even means that the company makes no profit, whilst not being in debt (or usually just 'breaking' out of debt). If the business made a profit it would probably use it to keep the museum running or hold an event, maybe even give it to a charity. It may develop the parts of the museum that are struggling, or buy maintenance. Employees are all volunteers and probably do not get paid. The type of people that would be suited for
