Business Research proposal
Business Management HL Business Research Proposal Research Question: Should Couture Design & Development (a buying agency for crafted garment and accessories) employ better use of technology in supporting their clients Theoretical Framework: The syllabus areas that would be covered during the research study are: * Marketing * Accounting & Finance * Business Tools * External Influences The reason why I chose this question is to evaluate whether Couture Design and Development can continue to be competitive and offer value services, to its clients, by just using traditional methods of business and communication such as mail and telephone. an assimilate the costs it incurs while supporting its suppliers (manufacturers). Couture Design and Development is a buying agency sourcing high value hand crafted garments & accessories through trusted and established suppliers. CDD manages the buying process end to end through quality checking of sampling to final shipment of goods. Couture DD while serving the needs of its customers, delivers all its sampling and sourcing information through courier packages. While doing so, it does not only waste time but also incurs other extra cost which has an impact on the business. For instance Video conferencing during the decision making process of fabrics, colours, styles etc. This not only saves time but also saves the costs for both the
Burberry sales up on Asia growth report
STRATEGIC MANAGEMENT TASK #3 BURBERRY CASE STUDY In 1956 Thomas Burberry started up his first Burberry outwears shop in Basingstoke, England and layed down the foundations of his future empire, and one of the most popular luxury brands in the world. Today, Burberry possesses a large and powerful international business that operates in the luxury sector, which is estimated to be an approximately €150 billion global market. It is currently one of the most renowned luxury brands throughout the globe. The Burberry brand can be distinguished by multi-category competency, as it offers womenswear, menswear, non-apparel, and childrenswear, and a great global reach across geographical regions. The massive global presence of the company on the market leads to great competitiveness on the global scale. Burberry competes with a huge variety of luxury goods companies. Some are large international conglomerates, owning many luxury brands; others are focused on a single brand locally; while others are small, more localized operations. Strategic thinking is essential in such a competitive environment, as the success of an organization depends on the correct choices and the correct choice itself is a combination of well-judged and self-test opportunities, knowledge and skills in using modern tools to develop strategic alternatives, and choosing, and implementing the most appropriate
How can Orchid Jewelz modify its promotion mix to launch its product in the domestic retail market for branded jewelry?
BUSINESS MANAGEMENT INTERNAL ASSESMENT (Higher Level) How can Orchid Jewelz modify its promotion mix to launch its product in the domestic retail market for branded jewelry? Sonakshi Khurana Candidate no: Word count Research proposal: Main report: ACKNOWLEDGEMENTS I want to thank my present B&M teacher, Anvita ma'am and my former B&M techer, Roscoe sir for the guidance and support. I also want to thank Mr. and Ms. Sapra for providing me with the information and keeping faith in me. CONTENTS . Title-sheet 2. Acknowledgements 3. Executive-summary 4. Research-proposal 5. Introduction 6. Main-findings 7. Analysis 8. Recommendations 9. Bibliography 0. Appendices EXECUTIVE SUMMARY With the recent economic turmoil and with recession gripping the world, it is getting increasingly difficult for Orchid jewels to survive in their current market, manufacturing. Due to this, they decided to move into domestic retail market, as that would cut their costs and would maybe put the firm in a better financial position. Moving into a new market at such a time seemed like a big challenge for the firm. With people hesitating to spend due to large scale of unemployment and fears of recession, it is a difficult decision to make. But they could also consider retailing as jewelry is now being considered as a worthwhile investment as currency is not stable and also at a place
Organisational Behaviour
Introduction This is an informal report, addressed to Regal Insurance Operations Director, which gives reasons for the lack of morale within the company, following the takeover of HOWMUCH? and the reorganisation that followed. Task 1 One approach to management and theory of organisations used by Regal is Bureaucracy. This is because there is a hierarchy of authority, which is the different levels of management, a system of rules and impersonality, which means privileges and authority, should be in accordance with the system of rules (Mullins, page 74). This approach is good at keeping the company on track and in a forward moving direction but it lacks the ability to quick change. It also reduces the opportunity for staff to grow and show initiative, which will de-motivate staff, in turn reducing the effectively. If staff are not used to using their initiative and a situation arises that is not covered in the rules, then they not be able to deal with it, which will have a negative effect on Regal. Due to the rules and regulations that Regal follow another approach they use is contingency theory, which states there is "one best way" to structure a company (Brooks, page 133). This is apparent when Regal buy HOWMUCH? and integrate them into the organisation just adding them onto a department/function area. This can be a very dangerous theory because Regal could loose sight of
Adequacy of Profit & Loss and Balance Sheet as reports
A) THE ADEQUACY OF PROFIT & LOSS AND BALANCE SHEET AS REPORTS HIGH LIGHTING BUSINESS SITUATION .1 Why the adequacy Profit and Loss Account as report business situation Before the profit and Loss Account prepared, businesses prepare the Trading Account. In the trading account businesses only get the gross profit or gross loss, but this is not actual profit or losses. Further step businesses have to prepare the Profit and Loss Account. The businesses prepared the Profit and Loss Account is to calculate all the expenses and gain of the business. It's easily for the businesses to understand in this Profit and Loss Account where all the expenses and the gain are summarized in this account. All expanses are written down in this account like transport cost, salaries, rent and other expenses. That mean businesses know what they have expanse during the operation of the business and immediately know all the expanses they have expand. For example of expenses: a) Rent = $10,000 / month b) Transport cost = $500 spend in a month c) Salaries = $6,000 for all workers in a month The total of rent, transport cost and salaries for that month is $16,500. $16,500 is the total cost of expanses the business spends during that month. Immediately the firm knows how much they have spent during that month. From the gain it includes the gross profit or gross loss that brought down from Trading
Public Accomodation
PUBLIC ACCOMMODATION COMPANY Public Accommodation Company (PAC Co.) is a company that provide accommodation place for public. The PAC Co. is not only concern providing accommodation place; it also has to give good services to their client. The clients are their applicant of public accommodation and the tenant. The company has their own organization to organize all their work flow and services. Below is an organization chart of Public Accommodation Company by department, section and unit. Below is an employee chart of Public Accommodation Company. In the PAC Co. organization, the head of section meeting together with the director and assistant director to make decision making for the company. In the PAC Co. Director is the higher level of decision maker in the company and the group of this decision maker called Group Decision Making. The lower decision making in the PAC Co. is the Building Inspector or Assistant Building Inspector. In an inspection condition of the accommodation, Building Inspector or Assistant Building Inspector has to make decision individually and this called Individual Decision Making. In the PAC Co. the most important income of the company is the tenant. The way to keep the quality of the company; the effective and the efficient way of provide accommodation to the public will increase the reputation of the company. More tenant mean more income to
Media Planning for BMW ActiveHybrid 7. The BMW ActiveHybrid 7 was introduced in 2010. This is a leading product for BMW to access to the high-end hybrid power vehicle market. It has numerous unique advantages over its competitor, Lexus and Mercedes-Benz.
UNITED INTERNATIONAL COLLEGE Media Planning for BMW ActiveHybrid 7 Group Members Bella Choi (0831400004) Ethan Zhu (0831400103) John He (0831400017) William Ho (0831400018) 2011/5/15 Situation Analysis * History of BMW Bavarian Motor Works (BMW) was found in 1916 originally as an aircraft engine manufacturer. BMW's white and blue logo was inspired by the Bavaria's flag which shows the colors of the Free State of Bavaria where BMW headquarters in. The company was not a listed company until 1918. In the initial stage, the company was devoting to the development and production of the aircraft engines. After the World War I, BMW was forbidden to stay in this industry by the Versailles Armistice Treaty. Then, BMW shifted to produce motorcycle in 1923. Five years later, BMW acquired an experienced automobile producer, the Eisenach automobile plant, and began to access the automobile markets. The first BMW's automobile came out in 1929. Afterwards, BMW produced a lot of fantastic products in the automobile industry. These products continue to help BMW to build a strong brand name and perfect reputation in all human beings' mind. Now, BMW is becoming one of the world's most successful and profitable automobile and motorcycle manufacturers. * Information about the China Market > In 2010, because of the rapid development of the purchasing power of the Chinese people, the
Employees of Etch-A -Sketch expected the closure to take place. The company had already moved production of toy lines to China, and most employees knew it was just a matter of time before EAS went too.
Etch-a-Sketch was originally invented in Paris by garage mechanic Arthur Granjean who called it 'L'Ecran Magique', (the Magic Screen). The toy did not need batteries and did not have loose parts which rendered it a great toy. He took it to the International Toy Fair in Nuremberg in 1959. The screen did not ignite much interest until The Ohio Art Company took it on and started to manufacture it. Originally made by hand, mass production began in July 1960, and with television advertising, sales soared. Confronted with sluggish toy sales, the Ohio Art Company lost money for two years running. In December 2000, it took the strategic decision to outsource production of the Etch-A -Sketch toys to Kin Ki Industrial, a leading Chinese toy maker, laying off one hundred US workers in the process. Employees of Etch-A -Sketch expected the closure to take place. The company had already moved production of toy lines to China, and most employees knew it was just a matter of time before EAS went too. Bryan Ohio a small town of 8,000 residents and also the home of the DUM-DUM hard candy suckers, has taken a cumulative effect of outsourcing to China. The tax base is eroding from a loss of manufacturing and a population decline. The local paper in Bryan, Ohio was full of notices of home foreclosures and auctions. The rationale for the outsourcing was coming from pressures to keep then
business logistic
Today we can many success stories of Lean manufacturing and logistics from Toyota. Even today people fear change and think single minutes are impossible. Imagine what Taiichi Ohno, The chief engineer at Toyota in the 1950s, must have felt like 50 years ago trying to do something that had never been done. Nowadays Toyota uses these logistics technologies to improve their production line to increase competitive and reduce cost. I. Just-in-Time Toyota Motor Corporation subsequently adopted and publicized this technology. In Toyota company known "Just- in- Time"(JIT) meaning as "what is needed, when it is needed and in the amount needed." Toyota Company has to eliminate waste, inconsistencies, and unreasonable requirements, resulting in improve productivity thought using JIT technology successfully. Under JIT system, Toyota factory's set up times are significantly reduced. When the products working in process, are reduced it and can cut down the set up time. Thus, the factory will allow improving their bottom line to look more efficient and focus time spent on other areas which need improvement. Employees trained to work on different parts of the inventory cycle system and focused on specific areas of the system. It allows Toyota Company to use workers in situations where they are needed when there is a shortage of workers and a high demand for a particular product. When there
SWOT analysis of Apple and Amazon
SWOT Analysis Apple This SWOT analysis is about Apple. Strengths. * Apple is a very successful company. Sales of its iPod music player had increased its second quarter profits to $320 (June 2005). The favourable brand perception had also increased sales of Macintosh computers. So iPod gives the company access to a whole new series of segments that buy into other parts of the Apple brand. Sales of its notebooks products is also very strong, and represents a huge contribution to income for Apple. Brand is all-important. Apple is one of the most established and healthy IT brands in the World, and has a very loyal set of enthusiastic customers that advocate the brand. Such a powerful loyalty means that Ample not only recruits new customers, it retains them i.e. they come back for more products and services from Apple, and the company also has the opportunity to extend new products to them, for example the iPod. Weaknesses. * It is reported that the Apple iPod Nano may have a faulty screen. The company has commented that a batch of its product has screens that break under impact, and the company is replacing all faulty items. This is in addition to problems with early iPods that had faulty batteries, whereby the company offered customers free battery cases. * There is pressure on Apple to increase the price of its music download file, from the music industry itself. Many of