Small vs Large Organizations. Economies of scale might not always benefit the customers.
Question 1.7.1 Small versus large a) Economies of scale might not always benefit the customers. One way in which "economies of scale" is a disadvantage to customers would be economies of scale leading to less "personalized services". Less personalized services is a result of "economies of scale" because the large firms that usually take advantage of economies usually have a large customer base. This large customer base would prevent the firm from completely knowing the needs of individual customers. On the other hand, a smaller firm would have fewer customers and they would get to know their customers a lot better. Another disadvantage that "economies of scale" have on customers would be it leading to "barriers to entry". Barriers to entry are a disadvantage because it leads to less firms joining a market and therefore lead to less "competition" in a market. Less "competition" in a market would usually mean higher prices for customers. Lastly, economies of scale are a disadvantage to customers by it leading to "monopolies". It would lead to monopolies because "economies of scale" encourages businesses to grow and as they grow they may acquire other firms related to it to eliminate the competition. The elimination of competition would lead to firms holding a "monopoly" in a market like Airbus and Boeing in this case study, which would allow them to control the prices of
Disney's takeover of Pixar - advantages and disadvantages.
Question 1.7.5 Disney's takeover of Pixar a) There are quite a few benefits for Disney by acquiring Pixar. One of the main benefits Disney would acquire would be "synergy". Synergy is a main benefit because of the fact, that many of the animated films created by Pixar became hits for Disney like Finding Nemo. This means that taking over Pixar would allow Disney to take advantage of the animating expertise at Pixar and create even more hits. The second main benefit for Disney by acquiring Pixar would be an increase in profits. Since acquiring Pixar would allow Disney to make even more animated films and with Pixar's rate of success that could lead to a high profit. Additionally, by acquiring Pixar they would be able to continue to sell merchandise for films like Buzz Lightyear and earn profits from that without having to follow a distribution deal. b) Many problems can develop for businesses during a takeover. One of the main problems a business and especially larger ones can face during a takeover would be regulatory problems. Regulations from the government is an issue during takeovers because they can stop it from taking place altogether. Regulations on takeovers are put in place by government because it helps in preventing a business from creating a "monopoly" and controlling an entire market and its prices. Another potential problem "businesses" may face during a
Difference in working culture of Malaysia & Singapore
Table of Content Table of Content 2 What Malaysians must know about working in Singapore? 3 Introduction 4 Etymology 5 History 6 National Flag 7 Governmentand politics 8 Geography 9 Economy 10 Demographics 12 Religion 13 Culture 14 Customs and Rituals 16 Work Culture in Singapore 18 Diversity 18 Hierarchy and Collectivism 19 Rules and Regulations 19 At Work 20 Business and Meetings 20 Asian "Face" 21 Difference in working culture of Malaysia & Singapore 22 Singapore Attraction places 24 References 28 What Malaysians must know about working in Singapore? Singapore is considered to be one of the best places in the world to work. Expatriates from all over the globe are flocking to this international city-state today to work. This tiny region is one of the world's freest economies. Singapore is also highly ranked when it comes to business competitiveness and economic growth, ranking well above countries like the United States. It also beats many western countries in areas like city infrastructure, technology, lifestyle, education, health care, safety, etc., due to which people around the planet want to work and settle there. All countries have a different business culture. The history, traditions, past, geography, climate, society, economy and lifestyle affect and form a particular business culture. That is why; the way a business is managed differs so
Business and Management IA Research Proposal -How Should Afrisians Ginning Limited reduce the increased costs in production that arise due to power cuts in Mwanza and ensure consistent pricing from farmers to increase output and profitability for the firm
Aleem Ahmed IB1 Research Proposal How Should Afrisians Ginning Limited reduce the increased costs in production that arise due to power cuts in Mwanza and ensure consistent pricing from farmers to increase output and profitability for the firm? Rationale for study: The rationale for choosing this specific topic is because currently Afrisians Ginning Limited is facing high production costs, as the city Mwanza is facing a lot of power cuts, which requires the company to use generators on a daily basis which thus increases their production costs. The operation in Mwanza began in early 1997. 6-7 years ago the company opened another branch in Shinyanga where they have less power problems. Recently, they only work in Mwanza for 3-4 months where as before the power cuts prevailed, they used to work in Mwanza for at least 6-7 months. This has been a problematic situation for the company as they have invested a lot in fixed assets in Mwanza and they are unable to move the operations to another facility as they will lose a lot of money. Moreover, farmers in Mwanza have been charging higher prices in fear of commodity prices fluctuations and they also tend to sell to the buyer that offers the highest price, hence due to the increased level of production costs, Afrisians need to increase their prices. I have chosen to investigate this problem further and to find out what recommendation
Globalisation needs to be controlled.Analyse this statement in the light of recent events (such as the global credit crunch and reports of low-paid labour in developing and less developed countries).
TOPIC 1: GLOBALISATION Q: “Globalisation has been detrimental to the business environment. Curbs should be placed to control its spread.” Analyse this statement in the light of recent events (such as the global credit crunch and reports of low-paid labour in developing and less developed countries). Answer: Globalisation - is an umbrella term which refers to a complex of economic, trade, social, technological, cultural and political interrelationships. It increases interdependence, integration and interaction among people and corporations in disparate locations around the world. The Globalisation of economy has become a buzz word all over the world. People confront each other to see who will offer global corporations the lowest labour, social and environment costs. It has introduced new exotic products, lowered some prices and opened up new glaring opportunities for people. And it has especially increased the wealth and power of a few hundred multinational corporations. However, not taking the phony corporate advertisements into account, for the majority of people in most nation-states, this era of globalisation has endured rising unemployment, falling real incomes, mass layoffs, curbs in public services, deteriorating working conditions, elimination of small farms and industries, accelerating the destruction of environments and loss of democratic
Financial Controller - Business Partner or Not? This is an investigation of the claim by Graham et al. (2012:1) that there has been a change in the role of the Financial Controller. A diachronic analysis of job adverts will attempt to determine the resear
Business Controller and its constructional change INTRODUCTION This is an investigation of the claim by Graham et al. (2012:1) that there has been a change in the role of the Financial Controller. A diachronic analysis of job adverts will attempt to determine the research questions: (1) Has the construction of the working title Financial Controller changed over time, from 1960 to 2012? (2) If there has been any change, how has the meaning changed? TOPIC, THEORY AND METHOD FINANCIAL CONTROLLER AND CHANGE OF MEANING Verstegen et al., (2007, quoted in Graham et al. 2012:1) claim that: The Financial Controller has been described as the person who supports and advises management of an organisation in realising its economic, public and/or financial goals by means of the design and maintenance of management control and accounting information systems, and the procurement and distribution of information. However Financial Controllers have likewise been described as "bean-counters" and "number crunchers" and as a "scorekeeper" (Burns & Baldvinsdottir, 2007:117-118). The Financial Controller has moreover been described as an internal police who control everything around a company's economy (Burns & Baldvinsdottir 2005:726). Nevertheless, both Burns and Baldvinsdottir (2007:117-118) and Graham et al. (2012:2) argue that the role of Financial Controllers has changed over time.
Organisational Behaviour (in short called as OB) is concerned with the study of the behaviour and interaction of people in restricted or organised settings.
Unit 3: Organisations and Behaviour: Introduction: Organisational Behaviour (in short called as OB) is concerned with the study of the behaviour and interaction of people in restricted or organised settings. It involves understanding people and predicting their behaviour, and knowledge of the means by which their behaviour is influenced and shaped. Organisations are bodies or entities created for a stated purpose They may consist of one or more people. In the case of a sole trader or single operator, he needs to build relationships with suppliers, contractors, customers, clients, and the community. For those that consist of more than one person, internal as well as external relationships have to be created and maintained. Organisations therefore consist of individuals, groups, and relationships. Objectives, structures, systems and processes are then created to give direction and order to activities and interactions. OB is thus of great concern to anyone who organises, creates, orders, directs, manages, or supervises the activities of others. It is also of concern to those who build relationships between individuals, groups of people, different parts of organisation between different organisation, for all these activities are founded on human interactions. OB is therefore concerned with:1. The purposes for which organisations are created 2. The behaviour of individuals, and
Business Management Case question. Should Kingfisher Airlines terminate its airline services instead of making losses?
Name- Karan Gala IBDP- 2 Candidate number- Date of submission- Session- May 2013 BUSINESS MANAGEMENT SL IA Should Kingfisher Airlines terminate its airline services instead of making losses? Word Count- 1382 ________________ Introduction Kingfisher Airlines is an Indian based airline, owned by Vijay Malaya, operates both domestics and international flights. It is India’s largest airline company with over 144,000 international passengers in a year and over 5.4 million domestic passengers within 6 months in 2009 and has a fleet of 74 aircrafts and operation almost about 400 flights daily. It had also been awarded as the best airline in India for the year 2011. But due to certain difficulties, it has been making huge losses since last few years. Many of the supporting documents such as the P&L accounts, share prices, Gross prices, etc. along with the secondary data are discussed. It will also include some of the business analytical tool for evaluating the cause. At the end, a conclusion will be drawn on the issue worked upon in the assessment of the project. ________________ SWOT Analysis Strength . Good brand image and reputation among all Indian airlines. 2. Quality services with more than 80 destinations. 3. Less than 100 crew and employees per aircraft.
Case Study of IKEA with Indian Rugs and Child Labour
Case Study of IKEA with Indian Rugs and Child Labor IKEA is a Swedish company producing home furnishing products at low prices to make them affordable to people. The company was founded in 1943 by Ingvar Kamprad and kept growing tremendously from 2 stores in 1964 to 114 stores in 1994 to 231 stores in 2007 in 24 countries welcoming a total of 522 million visitors. IKEA‘s success story is the result of its founders opening store in 1951 to allow customers to inspect products before buying them, using a catalog to tempt people to visit an exhibition. Its key feature of providing self-assembled furniture starting from 1953 significantly cut transport and storage costs. Besides its success stories, the company has faced environmental and social issues. The environmental issue in the early 1980s was raised as IKEA products were proved to emit more Formaldehyde than was allowed by legislation. The reason is that most of its suppliers bought from subsuppliers, who collected materials from glue manufacturers. Afterward, the company worked directly with glue companies and reduced the formaldehyde off-gassing in its products. The problem was solved but sales dropped by 20% in Denmark. In 1992, the company hit the same issue, which cost IKEA $6 million to $7 million. IKEA learned a lesson; publicity can bring a great loss in sales, not counting the damage to the brand image. In
How to manage your own performance in a business environment
Kelly James Unit 301 – Manage own performance in a business environment The purpose and benefits of planning your workload is mainly so you are managing your time effectively and are able to plan your day, Time Management is a very important as your time on each task can be limited within a fast paced environment. I personally use a “To Do” list which is an excellent way of planning and identifying all the tasks you need to complete within a specified time frame. I would usually write a daily list in order of importance with a “must do”, “should do” and “could do” columns, I would then deal with the urgent matters first, daily tasks second and finally the trivial tasks if I had time any remaining task would then be carried over to the following day. This will also enable me to delegate any tasks to colleagues as and when necessary. In my work environment I am very much accountable for my own actions as I am the only member of staff that carries out my role, although I am still accountable to my centre manager to provide cover or carry out additional tasks as and when needed. In certain scenarios this can affect my own workload in these cases I have to ensure my manager is fully aware of my workload in order to provide me with the additional time I may need to complete those tasks. I feel that being accountable to others for my own work is very important;