Unit 1 task 1
Introduction
The business I have chosen for this investigation is ASDA superstore. This is a large chain of supermarkets throughout Britain which retails clothes, merchandise, food, and electronics etc. in this part of my course work I will briefly explain the aims and objectives of ASDA I will also explain the external factors which affect the aims and objectives of the business however I will first be talking about a brief history of ASDA.
History
The history of ASDA started in the 1920’s when some Yorkshire farmers created Hindell's Dairy Farmers Ltd. In 1949 after a period in which the company was successful the name was changed to Associated Dairies and Farm Stores Ltd. In 1965 the Asquiths chain of supermarkets created a merger with Associated Dairies and Farm Stores Ltd and called it Asquiths and dairies hence the name ASDA however in 1968 associated dairies bought Asquiths allowing one company to own the ASDA name. The 1970’s was a good decade for ASDA the company was making higher profit and this was the decade which produced the pocket tap ad that is to this day globally recognized .In the 1980’s the company successfully created the George Davis partnership which led to George. In the 2000’s ASDA began rapidly expanding in certain areas such as ASDA .com and the shopping service began expanding quickly along with ASDA living stores which began growing in the UK. In 2010’s asda has continued to grow in 2011 there were approximately 523 ASDA stores.
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Market share is calculated by taking the company's sales over the period and dividing it by the total sales of the industry over the same period.ASDA’s current market share is 17.1%.As you can see in figure 1 on the right this pie chart shows the market share of ASDA in
In a business, there are a majority of structures that are organised in a business for their employees. An example of a business that has structured their employees is Asda, which was structured their business in a hierarchical structure.
ASDA is a large organisation that operates internationally; therefore they have branches in different areas. Their main targets are families, and they do everything towards making good customer satisfaction. In order to make this possible they communicate with their customers and employees through different methods. ASDA has their strategic decisions to operate and keep the customers informed.
The aims at Tesco PLC is to be a leading retail supermarket and that excellent quality services are provided whilst products such as food and clothes are of a low cost. By also having cheaper prices than competitors such as ASDA. The objectives in doing this is to increase profits by increasing sales to the maximum. This is done by providing a better service of care so that the current customers stay and attracting more customers from the competitors such as ASDA. Therefore, profit will increase due to the cause of an increase in sales. This objective is measurable due to being Tesco PLC can keep track of the volume of sales. Another objective is to minimise the prices of products of food and clothes. Tesco PLC aim for householders to have a cheaper trip by Tesco PLC offering more deals so then customers can take advantage of, so their shopping will be cheaper. Furthermore, this aim can be achieved. An extra objective is to sell more healthier food related products so that more customers will be attracted of whom are interested in a healthier lifestyle. Also, the objective of developing an online site so this will attract more customers and increase in profit due to people who may not have the time to physically go to Tesco PLC will be to shop some way. As online shopping is more convenient for some customers. Final objective for this
There are many differences between business organisations, beginning with the purpose and goals of an organisation. Business organisations belong to various different categories including the private, public and non-profit sectors. This assignment will discuss a business organisation from each of those sectors, outlining the purpose, objectives, and stakeholders of each. It will also discuss the different ways that global factors and market structures can impact each of those companies.
Note: Students must attach this page to the front of the assignment before uploading to WECSERF.
In this report the business I have chosen to evaluate is Tesco’s. Tesco’s is one of the largest supermarket stores around the world; it has 330,000 staff working in 3,146 stores, there are stores located in China, Turkey and Japan. Research shows that they have stores in 9 other different countries and 27 million people outside of the UK own their own club card to receive offers and discounts from Tesco’s. They sell a range of different products to suit customer’s needs. The products range from food and groceries, their own clothing brand F&F, their own mobile phone network, and also have personal banking. Tesco’s are all
Debenhams plc is a general retailer which operates its business in the UK market and is also seeking to realise a further global market expansion. This report will mainly focus on the performance, financial position and the liquidity of Debenhams plc in 2014 and will compare with that of the previous year. A competitor in the same industry, Marks& Spencer, is chosen to make a comparison as well. The report in mainly focused on how Debenhams operated in the UK sector which includes sales from Debenhams stores in UK and online sales delivered to UK addresses. Debenhams faced challenges in 2014; the outcome for the first half was disappointing due to inappropriate sales target was set and the external factors such as market environment, as the whole retail industry has still influenced by the recession. Marks & Spencer is the competitor company which has been chosen to compare and measure Debenhams outcome in 2014.
Introduction Poundland has proposed a horizontal merger with its rival 99p store, the significant effects and business opportunities that may arise are for example, economies of scale and increase in demand, this will aid Poundland into increase its earnings and improve profit figures. The discussion on economic and political influences that may have influenced Barclays to launch the lowest 10 year fixed-rate mortgage loan at 3%, and the possible affects this deal may have on their demand and the reasons why borrowers will be attracted to this deal. Also question if Barclays could suffer from launching this offer to upcoming borrowers. Investigating Asda’s recent fall in sales by 2.1%, using the porters 5 forces model, analysing why they have
In this assignment I will provide information for the Human Resources Director of Babcock Plc, about how my chosen business uses physical, technological and human resources. I have chosen to research about Marks and Spencer’s, which is a private limited company and sells high quality clothing, home products and food. They operate internationally, but mostly concentrating on UK. Managing the human, physical and technological resources are very important for Marks and Spencer’s because, they help the company operate efficiently, and productively. Managing these resources well helps them with the day to day running of the business.
For this assignment I have chosen Asda which is the second largest retailer in the UK, and has been the largest subsidiary of the Wal-Mart family of companies since 1999. ASDA has 321 stores across the UK and Northern Ireland, 29 depots and more than 148,000 colleagues. These all help to generate more than £15 billion of turnover.
In today’s business industry, there are a number of management and external factors that each organisation has to deal with during day-to-day circumstances. These factors include topic areas such as technology, sustainability, leadership and management and the common environmental factors. On a global scale, every organisation will act differently which brings the number of competitive elements to rise. Within my essay I will discuss these issues in relation to Marks and Spencer, a major British multinational retailer. As a leading high street name, they specialise in the selling of clothing, home goods, and luxury food products making it a major competitor to other retailers.
Using this 21st century viewpoint and perspective, this essay will examine how the major business elements of an organisations general environment, consisting of economic, sociocultural, political-legal, technological and natural environment conditions, can influence the bookshops business aspirations, operations and activities. We will begin by taking a look at our bookshop and how it is placed as a business, in the context of today’s new economy and then look at each of the elements individually.
In this thesis, it is very essential to choose a company that operates as a SME in the UK, so that data collection can be done easily. For this purpose, I chose a company that is presently working as SME and while the company has been working in the same area of retailers, but offers and sells a variety of products and services at different times of the year, which provides additional benefits in order to understand policy work and function it. These differences among their products and services at different times throughout the year but the same field of retail similarities
This module is divided into four elements. In the study of this unit candidates should examine the topic areas below in relation to the core themes of finance, people in business, operations management, marketing and the competitive environment. The material below sets out a possible scheme of work for a single teacher delivering the specification. Assessment for this unit is by examination – 1 hr 30 minutes in June, with a re-sit opportunity in January of the next academic year.
First of all, we would like to choose a business company which is 3A Enterprise Factory Outlet Store to write on by using business issues that we have chosen which covered in this course. 3A Enterprise Factory Outlet Store have 3 outlets and their first outlet was established in 2000 at Kota Bharu, Kelantan while their second outlet was established in 2006 at the same place so that they can manage their business with ease. Their third outlet was established in 2010 at Kota Samarahan, Sarawak. The reason they choose to have their third outlet at Kota Samarahan is due to their ambition to enlarge their business to East Malaysia. The company name included 3A which representing motivational words of Achievement, Adventure, and Action. Achievement means that they will set goals and make sure many of those goals will be gotten. Adventure means usually a risky activity where the primary goal is excitement and not generating profit for their business. The last word Action means a simple movement that has been done to achieve a goal or more. It is also a significant activity or change exists and is necessary if there is any goal to be achieved. 3A Enterprise Factory Outlet Store is a partnership business, they had decided how the apportion of profit should be made and partnership agreement has been signed in year 2000. 3A Enterprise Factory Outlet Store is a business that specify on selling clothes and shoes. Besides that, they also provide shirt printing services