...Stakeholders- Employees- want to seek security of employment and also be able to get promotions and a good pay. The employees also want their work to provide them with a livelihood. They also want to work for a good business which they can be proud to say they work there and of what they do. Owners- owners of any business have an aim to make their business rise; they are in charge and want to make a profit. Owners can be sole traders, partnerships or they have shareholders which all need to succeed in the business. Their business may be their life and livelihood because they have taken their time and effort building up the business. The owners take the principle risk especially if it’s a sole trader or partnership because if they don’t make the business work they will lose everything they have put into it. Owners are said to be the most important stakeholders and it is said it will affect them the most. Suppliers- The suppliers have an interest in the companies they supply because they need guaranteed work and money so they can continue making goods to supply. The suppliers want steady orders and prompt payments from the business to keep their business running aswell as the one they’re supplying. They also want to feel valued by the company they supply for supplying them with the goods the business sells. Customers- The customers take an interest into the business as they like to see what products and services the business is providing. They also want to see price drops and...
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...affect them because without them the business wouldn’t be as successful, looking at it from a customer’s point of view they would want the store to sell the products they need and customers buying their products would mean they can think about improving what they already have or try to build more stores around Europe from the profit they receive. If the business keeps receiving a good amount of money from customers buying their products the business will improve and achieve their aims and objective of providing and selling goods to customers. Employees Lidl’s employees play a big part in influencing the business; this is because they have a small part with every one of the stakeholders. They encourage customers to buy their products and tell them anything they need to know such as offers, they also help the business grow by advertising the business in the area they are located so people buy their goods. Employees also expect to be in a good and safe working condition to do what they need to do and expect the pay to be reasonable. Suppliers For a business as big as Lidl they would need to expect their suppliers to be trustworthy and to deliver the goods they order on time and make sure the goods they deliver are the correct ones. Because Lidl is a food retailer they will always need to make sure these things are sorted and there are no problems because they will end up losing money. Owners For the owners of Lidl, they would want their business to stay as one of the best food...
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...Specific Report: The Consumer (A Corporate Objective) A. Summary of Report The consumer is a final cause of business as the recipient of the product, and is therefore also the indirect object of the business act. If the consumer is an ultimate concern of the business act, then service to the consumer is an ultimate objective of the whole business concept. Satisfaction of the consumer’s human needs is the underlying principle of this service. The concept of human needs goes back to the concept of man himself in whom the needs naturally inhere. They exist to address man’s own requirements for existence, and therefore as a consumer he has to consume to address those needs. That is in his nature as a human being. He has to feed, to clothe, and to seek shelter- all for his survival, comfort and protection. These needs create demand; and as demands are at the root of economics, so are needs at the root of business. Addressing the consumer needs is not only a role of the businessman but a serious challenge to him. If business exists to satisfy human needs, then business must be concerned with what these needs are and how they can be satisfied. The efforts should be addressed not only to management’s capabilities but also to the concepts and requirements of the needs themselves. Man has his perfections and imperfections. While he is perfect in the order of being and participates in the perfection of his Creator in the order of rationality, he has been left with inadequacies both...
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...Chapter 1: The purpose of Business Activity The economics problem: needs and wants. Basically, all humans have needs and wants. Needs are things we can't live without, while wants are simply our desires that we can live without. We all have unlimited wants, which is true, since all of us want a new PC, a car, new graphics card, etc. that we actually do not need to live. Businesses produce goods and services to satisfy needs and wants. Although we have unlimited wants, there are not enough resources for everyone. Resources can be split into 4 factors of production, which are: - Land: All natural resources used to make a product or service. - Labour: The effort of workers required to make a product or service. - Capital: Finance, machinery and equipment required to make a product or service. - Enterprise: Skill and risk-taking ability of the entrepreneur. Entrepreneurs are people who combine these factors of production to make a product. With these discussed, lets move on to the economic problem. The economic problem results from limited resources and unlimited wants. This situation causes scarcity, when there are not enough goods to satisfy the wants for everybody. Because of this, we will have to choose which wants we will satisfy (that will be of more benefit to us) and which we will not when buying things. For any choice, you will have to would have obtained if you didn't spend that money. For example, you would have got a book if you didn't buy the pen...
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...your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Resources: SkillSoft (2012). CompTIA Network+ 2012: Network Security Part 3. Complete the Security Solutions Model module in Skillport. Attach a copy (screen shot) of the final test page to your assignment below. Scenario: Your boss wants to know how to detect an intrusion into or an attack on the ecommerce network. Your boss also wants to know what hardware or software should be procured for intrusion detection. Write a 2- to 3-page business report describing the hardware and/or software you believe should be considered for implementation. Include your reasoning for why the described hardware and/or software should be procured and implemented. Address the following questions raised by your boss: Does a properly installed and maintained firewall provide adequate defense against intrusion? What is an IPS and do we need one in an ecommerce network? Do we need a group of network personnel to monitor the ecommerce network for intrusions 24/7? Will any of this hardware or software facilitate a real-time response to an intrusion? Format your business report consistent with APA guidelines. NTC 411 Week 5 Individual Security Solutions Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/ntc-411-week-5-individual-security-solutions/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) ...
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...important stakeholders within a business in order to make profit. Being the most important stakeholder they must constantly provide support to the business and give great customer services to the main priority. If the customer decided to withdraw their support and influence from the business. Then the business would fight to survive if there are no happy customers. The reason being is because the customers are the people that give money to the business in exchange for their merchandises and services. So the money that the business receives is reinvested into the business to make customer happy so they buy more products. They rely on the customers to carry on shopping with the business in order to keep it running. If the customers do not help to keep the business to run, the business will struggle to survive hence lead to closure. This will be one of the main impacts that the business will have if the customers were to withdraw their support. The customers are not alone they work with other stakeholders to ensure the business carries on running and flowing smoothly as possible while making profit. They work alongside employees to help better the business and make the customers feel good when they purchase an item. They work with the employees as they are regularly in interaction with them when it comes to visiting the store the customers and the employees are constantly interacting with each other. Also they are both joint stakeholders in the business. Being combined stakeholders...
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...Mostly I think Caldwall is always right in his decision and evaluations because the case mentions when the Advaark wanted to do a new business, an interactive advertising. Caldwall canceled that project and he was right because after that customers had focused on the Internet more that interactive advertising. When Calwell reminded this story to Rafferty. Rafferty did not want to talk about this and want to stop talking about the past so this means Caldwell’s decision was accepted by Rafferty. 3. Two men, Ian Rafferty and George Caldwel, are very crucial at this company. The company that wants to grow up and survives in the business needs both of them. (1) Ian Rafferty is the future of this company. He thinks in term of what customers want and need and tries to provide that service to customers. Moreover, with his tending to attract attention personality it’s good along with all customers and future customers to know more about the company. (2) George Caldwal is an operator who has experiences in term of operational business skills and wants to stay focusing on what the company really is by focusing on being the best ads agency. 4. The solution that I support is the way that George Caldwal suggested which is the company should focus on what they do the best. First, the key to succeed is to understand what customers need and want. Ian Rafferty wanted to answer this question by creating the solution for customers but he needed to get more information before answering...
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...auto dealing business called Precision Auto Detailing. What Frank and Carlson plan on doing was to devote the early part of their day to their auto business while maintaining their 6 to 10 shifts at the packaging company. They both invested a total of $6000 to lease the building and buy tools and equipment. The building is located in a high-traffic area and has established a small base of clientele to whom some were local car dealers. Frank and Carlson kept the part-time employees who were already working there and try to earn other car dealers businesses by making a few phone calls. They wanted to provide their customers with top-notch service by picking up the vehicles they cleaned including inspections before they are returned. The price of their service ranged from $100-$250. Because of the service they provided their business grew rapidly and had to purchase new detailing equipment. The majority of the profits made went back into the company but was not enough to sustain their rapid growth. After running into Carlson he wanted me to explain to him on what he needed to do to get a loan to help finance the growth of their business. In this paper I will explain to Frank and Carlson via e-mail on coming up with a business plan and how to prepare an outline of elements they should include in a business plan. I will also explain to them on what bankers are looking for in a business plan and will offer them advice on what to do when they are ready to present the business plan to the...
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...Ten things to ask yourself before you start a business Step One: The Idea Before you start a business, you need a good idea…Let's face it, the single most important step in creating a business is the idea. After all, a good idea can make a company millions or even billions of dollars, while a bad idea can lead it to bankruptcy. And without an idea, you can't create a business. So it's time to start brainstorming. Think up that next million-dollar idea. If you're stuck and can't think of anything, here are some questions to ask yourself to help you out a little: What are my interests? Get out a sheet of paper and start writing down some things that interest you. Are you good at sports? Do you like managing other people's money? Are you good with computers? Do you like pets? It always helps if you start a business in a field that interests you. That way when you're spending your time working on it, you'll have so much fun that you don't even think of it as work. For example, I enjoy money-related stuff. But once a week, I'm required to mow our lawn since I'm the "man of the house". Some of the neighbours need their lawns mowed too. However, because it doesn't interest me, I probably shouldn't start my own lawn-mowing business. If I had some money, what would I buy? Try to think of something that you think would be cool to buy. It helps if there isn't already something similar out there. If you think something is cool, there is always a chance that...
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...Paper An operations manager is someone who watches over the day to day process of a business and has a certain role in that business. In this paper I will define what the role of an operations manager would be in a company. I also want to talk about how the use of a project manager is useful in a business. I will also state some jobs that an OM should be doing in order to be successful. I also want to talk about how and what a manager is. They are first and foremost a leader. We will explore what a leader is and how they are good at their job and the tools that they need in order to be successful at their job. When we look at a business what do we see? We see roles that are clearly defined. So let’s look at job where we see those roles and how an OM would be someone who can manage these people. What is the main purpose of an operations manager? They are someone who enforces and upholds the management process and that consists of planning, organizing, staffing, leading, and controlling. (Heizer and Render. Pg 7). We will talk about this in further detail and I will explain how I do this in a company. The job of a manager is not just his duties and his roles within the company but it is his responsibility to be a good leader and there is a lot more to it than just giving orders and good leader is someone who inspires others to follow. What is a manager’s responsibility? Well they need to be able to accomplish certain tasks through their employees. They have a responsibility...
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...Europe for £1 billion which meant they now owned Thorpe Park. Merlin Entertainments own Alton Towers, Chessington World of Adventures, Warwick Castle, Heide Park Resort and Gardaland Resort. Thorpe Park is an LTD which means it’s a private limited company it has members which are people or businesses which share the company. In Thorpe park the companies Kirkbi, capital partners and Black stone group share the responsibility. These companies are not liable for debts that the business can’t pay, but they are responsible for the money they put in at the beginning. If the business goes bankrupt the owners only loose there investment they made into the business and they are not liable to pay the debt. Define what is meant by aims and objectives An aim is a goal that a business wants to achieve in a certain time span. The aim of business could be to increase profit, increase market share or to grow. Aims help the business focus on the key areas of the business and to outline the destination of the business. Aims should be...
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...as artificial want creation, contending that its selling focus on the product fails to appreciate the marketing focus on the consumer. But Levitt himself not only ends up endorsing selling; he fails to confront the fact that the marketing to our most pervasive needs that he advocates really represents a sophisticated form of selling. He avoids facing this by the fiction that marketing is concerned only with the material level of existence, and absolves marketing of serious involvement in the level of meaning through the relativization of all meanings as personal preferences. The irony is that this itself reflects a particular view of meaning, a modern commercial one, so that it is this vision of life that Levitt's marketing is really SELLING. Golin Grant corporation. If such an expectation sounds fanciful, this may be more indicative of enthusiasm in Levitt's promotion of marketing, than of a misreading of his intent. While he does acknowledge that the marketing orientation has to be balanced by other more traditional selfinterests of the corporation,^ when he lauds the virtues of marketing itself, this note of realism is difficult to detect. The irony is that Levitt's enthusiasm for the marketing mode discloses precisely the tactics and influences that are of concern to critics of marketing, and especially of the advertising portion of its activity.^ 1. Levitt's Quarrel with Galbraith Theodore Levitt's Marketing Myopia' Business academic Theodore...
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...Audit Strategy and Audit Program 1) Inspection of Records and Documents a. Nature: To examine the various records (called Documentary Evidence) that support the activities of a business and its accounting information system. b. Purpose: To determine if records are to be considered reliable and if so, whether to use them in the audit. c. Engagement risk is increased: The auditor would want to want to place a heavier reliance on documents prepared or reviewed by those outside of the business (ex: the bank associated with the business). d. Inherent risk is increased: The determination of reliability must be done with a much greater deal of care, as there is now a higher chance of material misstatement. e. Control risk is decreased: The auditor would be able to place a heavier reliance on documents created and used internally (i.e. not reviewed by outsiders). 2) Inquiry of knowledgeable persons within or outside the entity a. Nature: To obtain sources of information (ex: personnel, attorneys, customers, etc.) upon which the auditor may make inquiries pertaining to various aspects of the audit engagement. b. Purpose: To gain insight on the material upon which a business is being audited. c. Engagement risk is increased: The need for written representation from clients becomes much higher. As there is an increased risk of liability, oral representation would not provide the evidence needed to prove innocence. d. Inherent risk is increased: The auditor would pay special...
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...the world to provide their customers with the finest of the finest products. They will also go to extensive lengths to assure that Kudler Fine Foods is the purveyor of choice for customers aspiring to purchase the finest epicurean delights. The founder of Kudler Fine Foods is Kathy Kudler. She was the Vice President of marketing for a large defense contractor. Because of the constant on the go from city to city her job called for she was looking more opportunities. As a way to relieve her stress from work she liked to do gourmet cooking. One day as she was shopping for ingredients for her meal she suddenly realized there was an opportunity for and upscale epicurean food shop in La Jolla. While this was fresh in her brain she drew up a business plan, and obtained financing, then six months later she opened up her very first Kudler Fine Foods on June 18, 1998. Within...
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...different stakeholders who influence in two contrasting businesses. The main key stakeholders in a business are: Stakeholders- a stakeholder is a person, group or organization that has interest or concern in an organization. (www.businessdictonary.com) Carlsberg Customers- who would want to buy goods and services that meet their needs at a price they can afford. Carlsberg has a lot of customers all across the country. Carlsberg reaches their customers by opening branches in different types of locations in the country. Employees- would want to be respected as well as get praised on the work they do. Employees also want higher wages and promotions for a better position. Many of Carlsberg’s employers are separated into different departments such as some work in the factory and others sell the product. Supplier- are people who want to get orders from a business or a company and also want to receive their money on time. Carlsberg’s suppliers supply Carlsberg with raw materials such as chemicals in order to make the product (beer) Owners- are individuals who own a business entity in order to make profit from the successful operations of a company, and they are their own shareholders and want to uplift their businesses. Carlsberg is a multinational company meaning it’s throughout the world so that shares can be sold. Also Carlsberg has many shareholders who have invested into the business. Trade union- is an organization, which consists of workers, and union leaders, making sure that...
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