Assignment One Business Environment The two contrasting businesses described in this report will be, Marks&Spencers Public Limited Company (PLC) and Oxfam. Marks & Spencer 's was a start up retailing company founded in 1884. They originally started as a small stall in Kirkgate Market, Leeds however over the years they have successfully expanded as a well known brand and international retailer. Their main purpose is to make as much profit as possible while satisfying their customers with outstanding products. Oxfam was a start up charitable company founded in 1942. They originally started during the Second World War in aim to ensure the supply of relief to civilians and have also successfully expanded as a well known brand and Global Business. Their main purpose is to provide appropriate support and help to those which are in need of their service. Aims, Objectives and Purpose: All set ups will have specific ‘Aims and Objectives’ for their respective businesses. Aims are the broad terms …show more content…
Tall structures have long chains of command (how many levels of hierarchy there is from the shop floor up to the chief executive) and narrow span of control (the number of people that individuals are responsible for in a business). An advantage of having span of control is that theres more chance of earning promotion at your work however their is long lines of communication and messages may be missed. M&S have many different functional areas such as Finance, Marketing, Customer Service, Sales and Human Resources. Functional areas will work in conjunction with each other to get an end result for example the marketing team will work alongside the finance department when creating adverts for M&S. The marketing team will choreograph the advert while the finance team will work a way out to fund the advert therefore it is crucial for departments to work together for efficient and effective
Aside from using Retro and Heritage to describe an artefact the term Vintage, is also used commonly in a commercial design context; as mentioned previously in a design context we define Vintage as an item that has remained unchanged since its original production and is still in use today. A prime example Vintage in use in design is shops such as Beyond Retro, a chain of nine stores and an online e store, who stock clothing from well known brands produced in this time period that would otherwise have been discarded, the garments have simply been cleaned and sold on with no modifications making them a vintage item (Beyond Retro, 2015). Oxfam is a more well known example of selling vintage clothing with a new specialised vintage section online
The first chapter in this book explains a business’ mission and values. When discussing the mission, Welch states that in order to create an effective mission statement, one must explain how they intend to win in that particular business. The key is profitability, “Delineate their strengths and weaknesses in order to assess when they can profitably play in the competitive landscape,” (Welch, 15). This means to define the business’ strong and weak points to evaluate where they can efficiently and profitably fit within that specific business sector’s scheme. In order to come up with the mission, one can receive input from any source, but one should especially listen to the intelligent ones from all of the different sectors. Although, it is the responsibility of the top management or whoever is held responsible for it, to put it in place, it is their “defining moment,” (Welch, 17). The mission is what a business plans to do to win and values are ...
Presentation: in this P1 I will clarify two unique organizations that what their motivations are, and what sort of possession are they and what is the kind of their business. I have chosen two organisations one is Tesco, and one is Oxfam. Also they are different in size and have different statement.
Like ASOS, Oxfam has four main stakeholders, the first of which would be the customers. Oxfam’s customers are interested in reliable quality within the products that are being sold in the Oxfam stores. As Oxfam is known for selling books, clothing for men and women, second hand clothing and even furniture, there is always something for everybody. In addition to this, Oxfam is always receiving donated items from the public and so there are always products available for the customers which aids with the customers interest in product availability. The customers of Oxfam have influence over how much revenue is made and therefore how much the business is able to help those in need, this influence will help to make sure that Oxfam produces a good
This essay will focus on two companies Tesco and Chester Zoo. I am writing an essay to identify and describe these two companies. I will look at their ownership and explain how the businesses are organized to achieve their purposes. I will also compare both of them to find out the differences between these two companies.
If there was a problem in a hierarchical structure it would move up through the structure again from one person to another until it gets to where it is supported to be. Strengths of a Hierarchical structure In a hierarchical structure there is a close control of workers. Workers in ASDA will know exactly what they have to do so they don’t wait around until they are told what they have to
Looking at IKEA’s organisational structure, the chain of command shows a clear line for messages within functional departments, so therefore; it leads to good communication. For example, looking at the organisational structure of IKEA, there is a clear communication within a human resources department. However, the chain of command is very long from the top to the bottom of the organisation because, there are too many levels of management. This will lead to poor communication. For example, it takes decisions a long time to reach the workers at the bottom of the organisation structure.
In the structure is a tall structure which is appropriate for Dominos because it means that there is close supervision because there is many employees and high ratio of turn over which means that they need a close supervision because they want everyone to know the same rules, regulations and have the sme level of service and expectation as other stores. This type of structure is good because it means that it means that the top managers have an overall picture of the business and can make better decisions about things to do with budgets.
In the case, Marks & Spencer and Zara, it discusses two business process designs that each company took. You first had Marks & Spencer, who had a more traditional approach. Their chain started of with the buying team, design, developers, merchandisers, technologist, suppliers, logistics, and lastly the store. Zara, however, comes up with a new innovative design. With this new design in effect the delivery of new collections only has a lead-time of 5 days. They were able to cut down this time due to the fact that products where mainly produced on Galicia.
1a) The purpose of any organization is best described from a customer’s point of view. Without a satisfied customer base a company will not survive. The purpose of company is to provide a product or service, this product or service provides a direct benefit or capability to the customer in which you are interacting with. The purpose explains why the company is in existence, it also should explain what business or sector the company is servicing and what business or sector that the company is not involved in. For example, Apple provides products and services in the technology sector. They manufacture products and have various services within their brand that they market. By having a direct purpose a customer should be able to verify that Apple
The purpose of this section of this report is to define the marketing concept; to explain what it means to be a market-orientated organisation; and to show that Tesco’s appear to be a successful, market-orientated company. Furthermore, that Tesco’s employ strategic relationship marketing to offer value to customers’; and achieve higher revenues and brand loyalty in return. Finally, to explain that being market oriented may also have some disadvantages if not carried out effectively.
In order for one to evaluate and identify with the diverse business structures, he/she must be aware of the meaning and standards that makes that structure. Various businesses functions in different ways as the world is full of technology and new structures, company cultures and new ways in which companies are run. In order to fully grasp the concepts of Organizational structure and culture in the movies, I will use the Movie Up in the Air and The Devil Wear Prada movies to analyze a business scenario from them.
First of all, organizational structure determines the hierarchy, the levels of communication, and how job tasks are formally divided, grouped and coordinated within an organization (Langton, Robbins, & Judge, 2013). There are six key elements that managers need to address when they design their organization’s structure: work specialization, departmentalization, chain of command, span of control, centralization and decentralization, and formalization (Langton et al., 2013). The way in which an organizational structure is constructed and implemented can affect company productivity.
This includes an outline of the goals, expected expenditures, promotion materials and even the exit plan. It serves as a map and gauge as the business proceeds. It also helps the company be constantly reminded of priorities.
Before starting any business you should consider its objectives, in order to develop a strategy. It is the strategy that lays out how the objectives will be achieved and determines deadlines for achieving them. If and when the goals are reached the business will be successful.