Premium Essay

Buss 4

In: Business and Management

Submitted By leannetimon
Words 1393
Pages 6
Objectives are put into place to reach any long term goals for the organisation and make the reasons for achieving these aims clear to key stakeholders in the business. BURKINSHAW have a corporate objective which is a quantifiable statement of a business’s measurable targets, their objective qualifies as a corporate one as Andrew Mitchell’s aim is to expand the business and return it to profitability. Setting up objectives for the business is highly beneficial as it gives an indication to each individual within the organisation an aim to work towards, which, in turn can be an effective method of motivation within the work place.
The transfer from the UK to China has been unsuccessful in relation to HR, as a result of a lower hourly rate for employees in China is exactly half of what it would be in the UK, which could be seen as exploitation of workers as their rights within the workplace are different to those within the UK. In regards to the objectives for the business, this is good, due to a cut in the wages paid, it is more likely for BURKINSHAW to reach profitability. However, this does depend on how many staff are aware of their rights at where they work and also how they pursue this knowledge which could be through a trade union. Furthermore there is a high percentage of capacity utilisation, which is 95%, over working the staff increases the chance of demotivation which effects quality of the product, resulting in defective products, which has been shown to have risen from 5.0% to 7.5%, which effects not only HR but operations also. Not only this, but as BURKINSHAW have a reputation for producing traditional, high quality products, which the business may lose due to the increase of defective products within the Chinese factories. As a result of the business failing within HR, the aims that Andrew has given the business will be more likely to be met, with an

Similar Documents

Premium Essay

Buss 4

...Greater access to the internet has enabled buyers to search more easily for information about potential suppliers of goods and services. This has significantly affected many industries, such as insurance, banking, retailing and travel. To what extent do you think that increased internet usage inevitably reduces producers’ profits? Justify your answer with reference to organizations and/or industries that you know. Over the past decade, Shopping on the internet has skyrocketed with internet sales reaching almost £30 billion in 2012, which accounts to almost 10% of total sales in the UK. This is due to the increased possession of Internet devices such as: smartphones, laptops and computers. It has become much easier and simpler for consumers to buy products online using these devices. Increased internet security has also increased demand for online shopping due to customers being confident in undergoing an online transaction. Another advantage of selling items on the internet is that it gives you the opportunity to advertise your or another companies products. Over 80% of the British population uses the internet regularly which opens up a massive market for advertising and for companies to show their products to users of the internet. However, results in increased internet usage have resulted in the decreased need for physical advertising such as: books, magazines and newspapers which have begun to prove more ineffective in advertising products. For example, a double paged...

Words: 312 - Pages: 2

Premium Essay

Buss 4 Jan 2012

...Buss 4 January 2012 To what extent is diversification the best strategy to achieve profitable growth? (40 marks) Diversification, one of the four strategies in the Ansoff’s Matrix, is a corporate strategy to enter a new market or industry which the business is not currently in, whilst also creating a new product for that new market. Profitable growth is a term often used by CEOs when describing the firm’s strategic objective. Business growth can be achieved either by boosting the revenue of the business with greater product sales or service income, or by increasing the profitability of the operation by minimising costs. Diversification plays a great role in the growth of many large businesses, however, the extent of the growth is largely dependent on factors such as: the type of industry that the business is in or the risks involved into entering new markets. There are many ways in which to diversify a business, all which may be included in the strategy to achieve profitable growth. The most straightforward of these is to provide a natural extension of the goods or services that you already offer to customers. The best example of business that has undergone diversification is Samsung. Samsung is best known for its smartphones, tablets and televisions, however Samsung’s business activities and operations are spread wider than just those two important markets. The electronics giant also makes military hardware, apartments, ships and operates a Korean amusement park. The...

Words: 919 - Pages: 4

Free Essay

Unit 4 Buss. Math

...Simple Interest Unit 4: Instructor Graded Assignment In these questions, you will need to use the date that unit 4 starts for your class. List the date that Unit 4 started for your class: * Unit 4 start date: May 7, 2014 Question 1 1. You decide to take out a simple interest loan for $5000, at 7% yearly interest on the date that unit 4 starts for you. If you repay the loan on December 31st (at the end of the current year)... a) How much do you pay total when you pay off the loan? R= 7% =0.07 T= 238/365 = 0.65 A= P (1 + rt) A = 5,000 (1 + (0.07 X 0.65) ) A= 5,000 X 1.0455 A= $5,227.50 b) How much interest do you pay? Amount Accured – Principal = Interest 5,227.50 – 5,000 = $227.50 or I = PRT I = 5,000 X 0.07 X 0.65 I = $227.50 Question 2 2. You decide to take out a $20,000 simple interest loan at 4%, on the date unit 4 started for you. a) In 45 days you decide to pay off $8000 of the loan. What is your new principal? Explain how you got the answer. I = PRT I = 20,000 X 0.04 X (45/365) I = 20,000 X 0.00493 I = $98.63 Payment = Principal – Interest $ 7,901.37 = 8,000 – 98.63 New Balance = Previous Balance – Principal payment $12, 098.63 = 20,000 – 7,901.37 To get the new principal, I need to go get the interest and the payment to get the new balance. b) 30 days after the first payment, you pay another $6000. What is your new principal? Explain how you got the answer you did. I=PRT I= 12...

Words: 746 - Pages: 3

Free Essay

On Line Social Sites

...respondents, 65 or 59 % are female and 45 or 41 % are male. They were at average age of 17.5 in female and 17.23 in male. On frequency of respondents in favorite SNS, number of hours usage, moments spend using SNS, priority of reasons in using SNS and number of friends on line, the respondents’ mean favorite site used is 93 respondents preferred Facebook as networking site, followed by 69 or 62 % who prefers other sites, 65 or 59 % prefers Youtube, 46 or 41 % prefer Twitter, while 44 or 40 % prefer Yahoo messenger. Out of 110 , there are 46 or 42 % who spend time with SNS in 30 to 1 hour, 44 or 44 % spent 2 to 3 hrs, while 13 or 11 % used 4 to 5 hrs, and only 7 or 6 % devoted 5 hours or more. In moments used in SNS, Out of 110 respondents , there are 16 or 14 % use SNS in vacant period, while only 2 or 2 %% do it during class, 4 or 3.6 % do SNS in before class and 88 or 80 % use SNS after their class. Out 110, there were different reasons why they use SNS, such as bumming around which ranked 1 , 84 or 76 % , 75 or 64 % ranked studying as 2, 73 or 63 % meet new friends on SNS, and 42 or 38 % both for UpdaIng with family and friends. Out of 110, there are 10 or 9 % who have 10 to 100 friends on line , 16 or 14.5 % have 101 to 200 friends,...

Words: 790 - Pages: 4

Free Essay

Acct 504 Case Study 2

...improvement and future success of this company moving into the public market. In order to properly perform an assessment of the LBJ Company, there first had to be some set of standards or regulations that outline the internal controls and proper procedures for companies and businesses to adhere to for financial reporting. As it turns out internal control is a key component of Foreign Corrupt Practices Act(FCPA) of 1977 and the Sarbanes-Oxley Act(SOX) of 2002 which required companies to follow this set of internal controls. This list of internal controls is as follows: 1). Conduct its business in an orderly and efficient manner, 2). Safeguard its assets and resources, 3). Deter and defect errors, theft, and fraud, 4). Ensure accuracy and completeness of accounting data, 5). Produce reliable and timely financial and management information, 6). Ensure adherence to its policies and plans.(O’Malley) From this point on all senior management officials will be held responsible for enforcing and ensuring that their company follows these regulations and...

Words: 939 - Pages: 4

Premium Essay

In Basket

...such as someone’s vacation hours and stocking merchandise for the store, those tasks should be delegated out to the assistant manager and to the store clerks. Being a supervisor means being in a role of leadership, logic, common sense, and decision making for yourself, the employees, and for the company. The “in Basket” debate and discussion gives us and our fellow classmates the opportunity to see if we can successfully delegate out certain tasks as a supervisor at a fictitious company. The discussion between me and fellow classmates was a great one and it appeared as though everyone agreed on everything accept for different incidents. The only two incidents where I came across disagreement were in regards to task number 3, and task number 4. These are the examples in which I will be using in this paper as far as disagreeing is concerned. Task number 3 is in regards to the mall hours changing for an upcoming holiday and that there is a request for store plans. In my own opinion and the opinion of all of my fellow classmates accept for one that I could find agreed that this task needed to be done by the Supervisor. The disagreeing student felt that it should be delegated to the Assistant Manager. This task should be done by the supervisor because it is not only a very important one...

Words: 848 - Pages: 4

Free Essay

12 Angry Men

...Corridors of Transition between 12 Angry Men and 12 “I have always found that mercy bears richer fruits than strict justice”. Abraham Lincoln “The virtue of justice consists in moderation, as regulated by wisdom”. Aristotle ”Nobody gets justice. People only get good luck or bad luck”. Orson Welles Justice = mid-12c., "the exercise of authority in vindication of right by assigning reward or punishment;" also "quality of being fair and just," from Old French justice "justice, legal rights, jurisdiction" (11c.), from Latin iustitia "righteousness, equity," from iustus "upright, just" . The Old French word had widespread senses, including "uprightness, equity, vindication of right, court of justice, judge." The word began to be used in English c.1200 as a title for a judicial officer. Meaning "right order, equity" is late 14c. Justice of the peace first attested early 14c. In the Mercian hymns, Latin iustitia is glossed by Old English rehtwisnisse. To do justice to (someone or something) "render fully and fairly showing due appreciation" is from 1670s. This word, with such a strong connotation, influenced and formed the basis of many philosophical...

Words: 5039 - Pages: 21

Free Essay

Nt1210 Unit 1 Lab 1.1

...1____ | 0____ | | 4+ | 2 + | 0 = | 6 | 1.1.3 21↓ | 20↓ | | 2X | 1X | | 1____ | 1____ | | 2 + | 1 = | 3 | 1.1.4 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | 16X | 8X | 4X | 2X | 1X | | 1____ | 0____ | 0____ | 1____ | 0____ | | 16 + | 0 + | 0 + | 2 + | 0 = | 18 | 1.1.5 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | 128X | 64X | 32X | 16X | 8X | 4X | 2X | 1X | | 1____ | 1____ | 1____ | 0____ | 0____ | 0____ | 1____ | 0____ | | 128 + | 64 + | 32 + | 0 + | 0 + | 0 + | 2 + | 0 = | 226 | 1.1.6 156 | 28 | 28 | 28 | 12 | 4 | 0 | 0 | | 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | v | v | v | v | v | v | v | v | | 128x | 64x | 32x | 16x | 8x | 4x | 2x | 1x | | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 0 = | 10011100 | 128 + | 0 + | 0 + | 16 + | 8 + | 4 + | 0 + | 0 = | 156 | 1.1.7 255 | 127 | 63 | 31 | 15 | 7 | 3 | 1 | | 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | v | v | v | v | v | v | v | v | | 128x | 64x | 32x | 16x | 8x | 4x | 2x | 1x | | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11111111 | 128 + | 64 + | 21 + | 16 + | 8 + | 4 + | 2 + | 1 = | 255 | 1.1.8 200 | 72 | 8 | 8 | 8 | 0 | 0 | 0 | | 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | v | v | v | v | v | v | v | v | | 128x | 64x | 32x | 16x | 8x | 4x | 2x | 1x | | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 11001001 | 128 + | 64 + | 0 + | 0 + | 8 + | 0 + | 0 + | 1 = | 255 | 1.1.10 | 2^7 | 2^6 | 2^5 | 2^4 | 2^3 | 2^2 | 2^1 |...

Words: 552 - Pages: 3

Premium Essay

Profile of Working Students and It' S Implication on Academic Standing

...CHAPTER I INTRODUCTION Not all people are given the chance to have a quality education especially in the Philippines because it is now complicated. That’s why having the chance to study and choosing the course should not be compared to some thing like for an example buying a dress for a special occasion and when realization comes into your mind that you don’t want it, you’ll return it or maybe get your money back. No, this isn’t right, because in college life, you have to treat every second as an important detail of your life. You should not waste every moment in it. So choosing the course which you think fits your capabilities is very important. Studying a specific course in college is not only about paying the fees rather the most important things here are the time and effort spent. Money, time and effort are the most precious things in one’s life and once it is used or spent, it’s hard to gain again or worst you may never have it at all. So the time these are wasted for nothing, for sure the blame for this mistake will be felt truly. When looking at the profile of those students who are working and at the same time is studying, you would notice that they never dare wasting their time. For them, every second counts. Make an observation and you will find out that almost all of the working students are working too hard to finish their studies. For them, wasting their effort, time and money is such a big mistake. OBJECTIVES OF THE STUDY The objective of studying...

Words: 4091 - Pages: 17

Free Essay

Nt1210 Lab

...| 1 | Exercise 1.1.2 The mapping of 1102 will have 1, 1, and 0 in the lower bit values and 4, 2, and 0 in the bottom bits, for a sum of 6. 1 | 1 | 0 | 4 | 2 | 0 | Exercise1.1.3 The mapping of 112 will have a leading 0 to fit the mapping, which does not affect the results. The lower bits will have leading 0s and then 1 and 1 in the rightmost bits. This results in all 0s at the bottom, with 2 and 1 in the rightmost bits, for a sum of 3. 0 | 0 | 1 | 1 | 0 | 0 | 2 | 1 | Exercise 1.1.4 The placeholder 24 = 16 is necessary for this mapping because it is five digits. The result is 16 + 2 = 18 16 | 8 | 4 | 2 | 1 | 1 | 0 |...

Words: 349 - Pages: 2

Free Essay

Appendix G

... |Salary Range in Dollars |Base Tax in Dollars |Percentage of Excess | |1 |0.00-1,499.99 |0.00 |15 % | |2 |1,500.00-2,999.99 |225.00 |16 % | |3 |3,000.00-4,999.99 |465.00 |18 % | |4 |5,000.00-7,999.99 |825.00 |20 % | |5 |8,000.00-14,999.99 |1425.00 |25 % | Ok number 3 if the excess is over $3,000.00 then that would be 16% of $236.00; therefore the total tax would be $236.00 +36.00 which would be $272.00 Number 4 if the excess is 5,000 then that would be 18% of $232.5; therefore the total tax would be $232.5 + 32.5, or $265.00. Number 5 if the excess is over 8,000 then that would be 25% of $570.00 therefore the total tax would be $570.00 + $120.00, or $690.00. Number 1 if the excess is $0.00 then that would be 15% of $0.00 therefore, the total tax would be $0.00 + $0.00 which would nothing $0.00 I understand but I am confused on the number and how to get the, I know this cannot be right but I am trying to follow procedure and hoe...

Words: 309 - Pages: 2

Free Essay

Guess Your Card

...explain to me that in this game each of us in turn will blindly draw three cards from a partial deck of cards. This deck has had all cards above 9 removed, and for this game’s purposes aces are only equal to 1. Without looking at my cards I am to place them facing out on my forehead so the other players can clearly see the cards. Each of the other players is to do the same. The object of the game is to guess which cards you have on your own head using logic to solve the problem. Players draw question cards that reveal information about player cards, and the first to guess their cards based on the information revealed wins the game. My brother Andy has the cards 1, 5, and 7 showing on his forehead. His wife Belle has 5, 4, and 7. My girlfriend Carol has the cards 2, 4, and 6. Andy is selected to draw the first question card, and it asks if he sees two or more players who’s cards sum to the same value. Andy answers affirmatively. With this information I know that I must have cards that equal either 12 or 16. I know this because Belle’s cards sum to 16 and Carol’s cards sum to 12. Since Andy sees two of us with cars of the same value I am able to confirm that my sum must match either Belle’s or Carol’s. At this point none of us are able to conclude anything else about our cards, so Belle draws the next question card. Belle’s question reads “Of the five odd numbers [1, 3, 5, 7, and 9] how many different odd numbers do you see?” Belle answers that she sees all five the odd numbers. I...

Words: 652 - Pages: 3

Free Essay

Hahaha

...6:48 pm - Prudence: Plz use English all the time thank you 3 Oct 6:51 pm - Prudence: IMG-20141003-WA0010.jpg (file attached) 3 Oct 6:51 pm - Prudence: First meeting 3 Oct 6:51 pm - Prudence: From 1800 to 1851 3 Oct 6:55 pm - Scope Luee: l 3 Oct 6:55 pm - Scope Luee: Sori we don't know !! 3 Oct 7:01 pm - Scope Amy: Okay 3 Oct 7:01 pm - Scope Amy: Oops 3 Oct 7:01 pm - Scope Amy: Sorry 3 Oct 7:03 pm - Prudence: Its okay 3 Oct 7:03 pm - Prudence: Next meeting: tomorrow after school 3 Oct 7:03 pm - Prudence: Do u guys ok? 3 Oct 7:10 pm - Scope Ray:  3 Oct 7:11 pm - Scope Michelle:  3 Oct 7:11 pm - Scope Jason:  3 Oct 8:19 pm - Scope Luee: Okok 3 Oct 8:19 pm - Scope Amy: 4 Oct 4:31 pm - Prudence: IMG-20141004-WA0035.jpg (file attached) 4 Oct 4:31 pm - Prudence: Second meeting 11 Oct 3:26 pm - Scope Michelle: IMG-20141011-WA0007.jpg (file attached) 11 Oct 9:23 pm - Scope Jason: 可唔可以sd番今日傾過既野嚟睇? 13 Oct 11:31 am - Scope Luee: IMG-20141016-WA0001.jpg (file attached) 13 Oct 11:31 am - Scope Luee: IMG-20141016-WA0000.jpg (file attached) 13 Oct 11:31 am - Scope Luee: Sori我唔知係我電話 13 Oct 11:32 am - Scope Jason: Thx 13 Oct 11:32 am - Prudence: Thx 13 Oct 11:40 am - Scope Ray: Thx 14 Oct 12:54 am - Scope Luee: 各位有無email 我fd有份pm嘅project借左黎參考 腥俾你地睇下 14 Oct 12:55 am - Scope Michelle:  chung1994abcd@yahoo.com.hk 唔該晒 14 Oct 1:00 am - Scope Ray: raylau512@gmail.com 14 Oct 1:01 am - Scope Luee: 仲有每個項目解釋大約一至兩句is ok 原來果一大段係成個project description ...

Words: 1232 - Pages: 5

Free Essay

Presentation of Data

...a Country/ State should strive for Globalization if they could afford it: All thirty- two (32) persons replied with – Yes No persons replied with – No Ways in which Technology can contribute to Sectors of Society | Quantitative Response of Persons | Transport | 0 | Agriculture | 0 | Health | 0 | Infrastructure | 0 | All | 30 | Agriculture, Health & Infrastructure | 1 | Health & Infrastructure | 1 | Impact of Technology Table 2. Showing the response of persons in terms of Ways in which Technology can contribute to Sectors of Society Fig 4. Showing the Responses to the Advantages of Globalization by persons Ways in which Globalization can be a Disadvantage | Quantitative Response of Persons | Corruption between countries | 19 | Increased Unemployment | 5 | Exploitation of a country’s Natural Resources | 4 | Decrease in Manual Labour | 2 | No Response | 2 | Disadvantages of Globalization Table 3. Showing...

Words: 809 - Pages: 4

Free Essay

Time Management

...Month | Asian Fund | R1 | Atlas Fund | R2 | KSE 100 | Rm | Jan06 | 4.5 | | 7.75 | | 6747 | | Feb06 | 4.95 | 0.1 | 7.75 | 0 | 8260 | 25.64407 | Mar06 | 7 | 0.414141 | 8.1 | 0.0451613 | 7770 | -8.30508 | Apr06 | 6 | -0.14286 | 8 | -0.012346 | 7105 | -11.2712 | May06 | 6 | 0 | 8.8 | 0.1 | 6858 | -4.18644 | Jun06 | 4.7 | -0.21667 | 9.2 | 0.0454545 | 7450 | 10.0339 | Jul06 | 5.8 | 0.234043 | 9.5 | 0.0326087 | 7179 | -4.59322 | Aug06 | 3.5 | -0.39655 | 7.45 | -0.215789 | 7797 | 10.47458 | Sep06 | 5 | 0.428571 | 8 | 0.0738255 | 8226 | 7.271186 | Oct06 | 5.4 | 0.08 | 8.25 | 0.03125 | 8247 | 0.355932 | Nov06 | 4.55 | -0.15741 | 9.1 | 0.1030303 | 9026 | 13.20339 | Dec06 | 6.5 | 0.428571 | 8.4 | -0.076923 | 9557 | 9 | Jan07 | 6 | -0.07692 | 9.1 | 0.0833333 | 10524 | 16.38983 | Feb07 | 5.75 | -0.04167 | 8.95 | -0.016484 | 11456 | 15.79661 | Mar07 | 6.15 | 0.069565 | 9.1 | 0.0167598 | 11486 | 0.508475 | Apr07 | 5.5 | -0.10569 | 9.2 | 0.010989 | 11342 | -2.44068 | May07 | 4.7 | -0.14545 | 8.5 | -0.076087 | 9801 | -26.1186 | Jun07 | 6.27 | 0.334043 | 8.91 | 0.0482353 | 9989 | 3.186441 | Jul07 | 6.27 | 0 | 7.5 | -0.158249 | 10498 | 8.627119 | Aug07 | 6.27 | 0 | 6.3 | -0.16 | 10064 | -7.35593 | Sep07 | 6.27 | 0 | 5.55 | -0.119048 | 10064 | 0 | Oct07 | 6.17 | -0.01595 | 6 | 0.0810811 | 11328 | 21.42373 | Nov07 | 6.17 | 0 | 6 | 0 | 10619 | -12.0169 | Dec07 | 6.17 | 0 | 5 | -0.166667 | 10040 | -9.81356 | Jan08 | 6.17 | 0 | 2.2 | -0.56 | 11272...

Words: 837 - Pages: 4