...Unit 1 The Business Environment BTEC level 3 subsidiary Diploma I am a junior researcher for a business magazine and I have been asked to prepare background material for a reporter who is planning a new feature article. The reporter wants me to focus on two contrasting business organizations with a presence in my local area and I have been asked to provide information on them, the information covering their purpose, ownership and roles of different stakeholders. Task 1 I am going to select two local organizations for my research. The first organization is South Wales fire and Rescue Service and the second is Macey Sports. Describe each business according to its type, purposes and ownership Macey Sports Macey Sports is a local business which is based in Newport. Its purpose is to sell a large, high quality range of cricket equipment grouped together with the sale of clothes for the local schools such as shirts, jumper’s trousers and ties. This company’s ultimate purpose is to make a profit. The business is a private sector business which means that it is owned by private citizens. It is a sole trader ownership which means that it is owned by one person. Some of the advantages of having a sole trader business are because the owner has full control over the business for daily operations and how large they want to expand their business. As well as this a sole trader does not need to complete many of the forms and accounting information that limited companies need to produce,...
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...same principle of separation might work on a vacuum cleaner. I rigged up a quick prototype, and it did.” It took five years and a further five thousand one hundred and twenty-six prototypes to perfect his design, and almost another decade of failed licensing deals and countless fruitless meetings with distributors before Dyson’s Dual Cyclone vacuum cleaner finally went on sale in the UK in 1993. Having failed to interest any manufacturers in the design, Dyson had mortgaged his house to set up his own manufacturing plant. “I liked living on the edge,” he says. “All those years that my house was in hock to the bank… I liked the danger, the idea that everything depended on getting that next product right in every way.” By 1996 the business was growing rapidly and he needed to consider new management strategies. “I had to bring in outside talent in a major way,” he says. “I didn’t enjoy being CEO that much. At an operational level, that became an enormous job, too big for me. I’ve never really been a businessman. I...
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...and security of those employed Introduction- in this report i will be explaining the legal requirements for ensuring the health, safety and security of those employed at Washwood heath Academy. Legislation: On estimate there are around 1.6 million accidents each year in the work place with a cost to British industry of around £700m. This may seem like a large number of accidents but compared to many other countries the safety record of workers in Britain is good. The reason for this is that we have a strong set of laws passed by parliament and the European Union that aim to protect employees. When Tesco begins to employee people to work there, they must be following the health and safety legislations and regulations that affect a business working environment, this is so that employees will always be safe when in the workplace. Statutory duties of employers and employees relating to health, safety and welfare: In the past health and safety in the workplace was very much the employer’s responsibility. Now, employees have more rights and responsibilities and the emphasis has shifted so that current health and safety focus on employers and employees working as a partnership to ensure that everyone is safe in the workplace. There are various explicit duties that an employer has towards their employees. Tesco must follow the statutory duties of employers and employees relating to health, safety and welfare, this is so the employers can provide things like maintenance,...
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...Business Resource P3 With Examples, you are to describe the main physical and technological resources required in the operation of your selected organisation. In this assignment I will describe the main physical and technological resources required in the operation of Tesco. Physical Resources Physical resources are resources that the business needs to maintain in order to carry out its activities. They mainly include things like facilities, buildings, machinery and more. These are resources that are available to a business’s organisations in form of buildings and other machineries needed for the day to day running of the organisation. Tesco have many physical resources such as their toilets, buildings, trolleys, CCTV’s. Toilets is a good resource to have within a good organization as it can attract more customers to not feel rushed into shopping because they need to go toilet they can shop at their own paste and use the toilet when they feel to. Another physical resource for Tesco is the car park so customers can park within Tesco’s car park and not have to worry about receiving a ticket, or checking their time to get back to the car before they get a ticket, this will also attract more customers to shop within Tesco. A recent physical resource that Tesco has brought in is the self-checkouts; this is good for customers that want to quick shop as Tesco can be quite busy on some days they don’t want to wait in the long queues so they can use the self-checkout which is...
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...P3 Market Research In this section of Unit 3 I will be discussing Apple and how they conduct their market research. Market research is when a business/organisation goes out and gathers information about customers’ wants and needs. Primary research is a type of market research, its research that has been gathered first hand by the person or group conducting the research i.e. surveys, focus groups or observations. Secondary research is another type of research that involves getting your information from someone else; using the research that someone else has gathered. Qualitative and quantitative are the natures of primary and secondary research. Qualitative research is market research that explores the attitude and behaviours of customers. Apple use this to gain an insight on not only what customers think about their products but why they think it. Quantitative research is the process of gathering information by asking people for their opinions in a structured way in order to produce hard facts and statistics; research that deals with numbers and figures e.g. 65% of iPhone 6 users want the iPhone 6s. The sole purpose of market research is to collect data on customers and potential customers. The data that has been collected aids the business in future decision making thus reducing the risk involved in making such decisions. By aiding in decision making, market research guides apple’s marketing plan as well as the four Ps: place, product, price and promotion. The research gathered...
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...Kim Clifton Ben Webb P3 On the actual Apple website you can't compare any products however you can open two tabs and compare two different products for example the iPhone 6s with the Samsung S6 you can look closely to the different features it offers. There are also lots of other websites where you can can read about other products and compare them to Apple products, you can find these through Google or any other search engine. The main reason customers will compare providers is so that they get the best possible deal and is worth every penny they spend so Apple must step up to to consider this and not to be beaten by the competition. Comprehensive and up to date information is really important when speaking about business. Apple must consider keeping their products information up to date because this will be the key to enticing customers in to buying their products. All companies will ensure that all informations give and displayed is comprehensive and is kept up to date for example Next (www.next.com) the reason why I chose next is because simply to other companies Next has a lot of competition meaning the more sales sold means a higher profit which is the key to a successful business. Even the smallest of product information changed should be noted so that the customer can be aware of this because the customer will then make the decision will they buy it or not. Product information should be taken into real consideration because if Next change the...
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...Verbal feedback given P3 - YOU HAVE DESCRIBED THE MAIN PHYSICAL AND TECHNOLOGICAL RESOURCES REQUIRED IN THE OPERATION OF A SELECTED COMPANY M1 - You have explained how the management of human, physical and technological resources can improve the performance of a selected organisation In this document i will be covering the main physical and technological resources required in the operations of GCC. Physical Resources Emergence Provision The health and safety act of 1974 requires businesses to have provisions and plans for what to do in the case of an emergency. The business needs to be constantly thinking about the safety of their employee’s and how to keep them safe. ✓ This can be as little as a wet floor sign. The emergencies that businesses need to deal with are things like fires, power cuts and floods ect… With a fire for example GCC will have fire extinguishers around the buildings, they will also practice fire drills where they will practise how to get out of the building and where they go to so they can make sure everyone can get out of the building safely. This can improve the performance of GCC because they will be able to successfully take care of all the students and employees in the case of the emergencies that they have prepared for.✓ Plant and Machinery Plants and machinery are usually things that businesses buy or rent and the business will only get these things if they are necessary to the business. For glossopdale these...
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...death rate from cardiovascular disease. They wanted to fund extra research into the causes, diagnosis, treatment and prevention of heart and circulatory disease The British Heart foundation was founded in 1961 by a group of medical professionals, who were concerned about the increasing death rate from cardiovascular disease. They wanted to fund extra research into the causes, diagnosis, treatment and prevention of heart and circulatory disease | Purpose | The purpose of apple is to make profit of selling their products to their customers so that they have enough money to improve their products. Therefore without customers the business would be failing to carry on. The purpose of apple is to make profit of selling their products to their customers so that they have enough money to improve their products. Therefore without customers the business would be failing to carry on. | The purpose of BHF is to make enough money from products that other people have sold to them so they can send that money to a charity and from this the money that is sent to the charity is...
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...P3- Describe how Two Businesses are Organised This report consists of two contrasting businesses’ organisational system. My chosen businesses are Coca-Cola and Ealing, Hammersmith and Ealing, Hammersmith & West London College. Coca-Cola is a large corporation founded in 1886 in Georgia, U.S.A. that specialised in selling non-alcoholic beverages across the world. It owns more than 110 brands and 6 manufacturing sites in Great Britain already. Businesses create Mission Statements, Aims& Objectives and Strategic Plans in order to have a clear view of their future development and so they can follow a specific plan in order to achieve their goals. Coca-Cola’s Mission Statements are the following: * To refresh the world - in mind, body and spirit * To inspire moments of optimism - through our brands and actions * To create value and make a difference everywhere we engage Here are their Aims & Objectives in order to accomplish their Mission Statements & Strategic plans: * Profit - Maximising return to shareholders, while being mindful of our overall responsibilities * People - Being a great place to work, where people are inspired to be the best they can be * Portfolio - Bringing to the world a portfolio of beverage brands that anticipate and satisfy people's desires and needs * Partners - Nurturing a winning network of partners and building mutual loyalty * Planet - Being a responsible global citizen that makes a difference ...
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...ACCA P3 – PROFESSIONAL LEVEL Business Analysis SMART Notes Prepared by Darren Sparkes Email: darrensparkesnotes@sky.com ACCA P3 - Business analysis These notes are not intended to cover the whole of the ACCA P3 syllabus ©Darren Sparkes, 2010 1 Contents Page no. Paper 3 Examiners Approach…………….….... 3 Extracts from the Examiners report ……….…...4 Examination Technique……………….…..……..7 Background and examination format..…............9 Syllabus Overview………………………...........10 Strategic Planning………………………...….....11 Mission and Objectives…………………………12 Business & Professional Ethics..………….…...13 Internal Analysis……………….……………..…14 External Analysis……………..………………....15 Strategic Options……………………….……….17 Method of Growth………………………............18 Portfolio Analysis…………………………….….19 Strategic Choice & Change Management…....20 Marketing………………………………………...21 Organisational Structure…………………….….22 International Market Place.…………….……....23 Business Process Change…….…..…………..24 Information Technology……..…….……..........25 Quality………………………………….……......26 Project Management………………………...…27 Role of Finance………………………………...28 Review and Control………………………..…..29 Strategy and People……………………………30 ACCA P3 – Business Analysis These notes are not intended to cover the whole of the ACCA P3 syllabus © Darren Sparkes, 2010 2 Approach Required ‘Differentiation is important to individuals seeking to pass a management and strategy examination. It is the ability to link strategic and financial...
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...Unit 3- P3 Different types of research Primary Primary research is new research, carried out to answer specific issues or questions. It can involve questionnaires, surveys or interviews with individuals or small groups. Secondary Secondary research (Also known as desk research) involves gathering existing data that has already been produced. For example, researching the internet, newspapers and company reports. Qualitative Qualitative research is about finding out not just what people think but why they think it. It’s about getting people to talk about their opinions so you can understand their motivations and feelings. Quantitative Quantitative research is about asking people for their opinions in a structured way so that you can produce hard facts and statistics to guide you. To get reliable statistical results, it’s important to survey people in fairly large numbers and to make sure they are a representative sample of your target market. Waitrose SWOT analysis (Sourced from: http://www.mbaskool.com/brandguide/lifestyle-and-retail/13211-waitrose.html) The picture above shows the SWOT analysis of Waitrose. It shows all the strengths the company has the weaknesses, opportunities and threats. It lists a number of strengths which will have been taken from primary data; the primary data would have also shown any weaknesses and the opportunities they can get. Also they would have seen threats when looking at reports (reports are a form of secondary data). Also Waitrose...
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...Unit 9 – P3 – M2 This assignment will describe the role of advertising agencies and the media in development of a promotional campaign. P3: An advertisement agency is a service that is dedicated to creating, planning and handling advertisement and other forms of promotion for its clients. The President (CEO): The CEO is the main chairman of the company, usually the person who founded the company. Account services: In this particular campaign the Agency appointed the account executive to liaise with the clients. The account executives need to be sufficiently aware of the client's needs and desires that can be instructed to the agency's personnel and should get approval from the clients on the agency's recommendations to the clients. The account manager will develop a creative brief, usually about a page that gives direction to the creative team. The creative brief often includes information about the target audience and their attitudes and behaviours. The creative team will take the brief and, aware of their parameters; develop original copy and graphics depending on media strategy. Media Services: In this particular campaign the media services department may not be so well known, but its employees are the people who have contacts with the suppliers of various creative media. For example, they advised upon and negotiate with printers because the agency is producing flyers for the client. However, when dealing with the major media (broadcast media, outdoor, and the press)...
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...P3: Explain the issues a business would need to consider to go online Introduction In this task I will be explaining all the planning issues that need to be considered before setting up a website and how these issues should be checked. Before setting up a business online, there are a variety of aspects to be considered. This is because if a business sets up a website without planning, anything could happen while the business is running which could affect other things like revenue and sales. The issues to consider include the domain name, Country availability, Copyright and financial aspects. These are some of the things to be checked because they need to be consistent throughout the business. Start-up costs Before going online, a business needs to decide if they have enough money to set up a website, and keep it running. Sometimes a company has enough financial help at first to set up the business but as they start making sales and delivery, the business starts to have trouble. Costs include; advertising fees, paying a technician and if you’re a commercial business, paying for all the equipment needed to take photos for online images. Commercial websites normally need to rent a van for deliveries so that would also be part of the costs. Government websites need to consider how they are Domain Name Business has a wide range of areas with different names, so choosing a domain name wisely is very important because it must be copyright. They need to think about how the website...
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...Unit 19 Developing Teams in Business Assignment 1: P1 & P3 Different types of teams What is a Team? A team is individuals whom are moulded into a group who work together to achieve an objective or task. Team Recruitment Recruiting the right team members is the key to the success of your team. When the leaders of any group recruit new members, there are a number of skills, qualities needed as well as a process that each member has to go through in order for them to be an successful addition to the team. This process is called job analysis from where a person specification is drawn up and following all the qualifications and qualities that a new team member would be expected to have. The process of recruitment for a successful new team member’s selection. Recruitment> selection> -training •coaching •mentoring •motivation the first steps to a successful recruitment > recruiting and selecting people who will be good team players > training them, providing mentoring and coaching to help them to perform better in the teams > creating your high-performance team. R (Reference: Business BTEC national book1 level 3, page 363) Benefits of a team * Working in a team as part of a company is good as every individual has their own contribution to the team they all share their ideas to help better the company * Team work empowers creativity within the members * Each individual grows as they have other team members to support them There are different...
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