Designer Labels It was 15 May 2012 and Kathryn Albeit had just received an offer of £1 million for her retail stores business. The offer was tempting‚ especially in light of the heavy workload she was carrying and the increased pressures from her family responsibilities. She was unsure whether now was the time to sell and whether the price offered was reasonable. Kathryn was sitting in her office contemplating her business’s future. Designer Labels (which Kathryn ran as a Sole Trader) was a chain
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Introduction A few years ago I got involved in marketing an expensive brand of vacuum cleaners called Kirby. The product was well designed‚ of high quality and had many features that were lacking in other leading brands. The marketing strategy used were a combination of selling orientation and product orientation‚ where the business owners assumed that a sales force would be able to sell the product as long as the right approached was used. I was trained to effectively demonstrate the features
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Attn : Patricia Lodge Having reviewed the Lodge Bistro and the state it is in‚ I have identified several areas of concern that management may wish address. I have used a STEEP analysis (Preston‚ 2012) to identify the Sociological‚ Technological‚ Economical‚ Environmental and Political factors that are currently negatively impacting the business. By using this method‚ Patricia can gain a better understanding of the challenges she faces before deciding on a corrective course of action Sociological
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Q. 1 a) In order to grow the business‚ I have completed a SWOT analysis table‚ looking at the headings of the HRM‚ accounting and finance and the marketing departments as all of the findings need to be taken into account when making any business decisions. Below I have shown my swot analysis table. This is used to ensure that I have taken all aspects of the business into account before I analyse where the strengths and weakness of the company lie. SWOT Analysis for SHP. (Second Hand Phones)
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The main reason for this is the radical changes put in place so rapidly with immediate effect. This resulted in lack of structure and consistency throughout the whole chain stores‚ as you gave each store manager to much autonomy to change the store i.e. decor‚ food menu etc.‚ the business culture values as a whole was lost and that was what made the business a success before. I understand some changes had to be made but not so drastically. The loss of business culture and lack of dimension of structure
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TMA 03- Designer Labels Question 1 a) An income statement is used to show profit and loss; Kathryn can compare each financial year to see how the company is getting on and what department is doing well. An income statement will show all expenses incurred in the business such as delivery‚ office space‚ staff wages and the products. The income statement becomes useful to Kathryn when deciding to see how Designer Labels is getting on because it would show the income from sales and this can be broken
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PART ONE Part a) Dear Andy‚ I am sorry to hear about the issues you are having at your branch; after careful analysis I have decided to discuss stakeholder analysis to look at the issues and offer recommendations on how they could be remedied.( It is obvious that there has been a clear breakdown in the relationship between management and staff which has underlying causes such as low pay‚( lack of training for junior staff and Night Managers.( I believe that the pay and training issues
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Finding people and helping them fit in Hotel Housekeeping Department 1. EXECUTIVE SUMMARY 2. PROBLEMS DESCRIPTION AND ANALYSIS 3. RECOMMENDATIONS 4. INFORMATION 5. REFERENCES Executive summary Attracting people to apply to work for a business and being able to select the right mix of skills and personalities is crucial to continuation of any business. Once recruited‚ there is then the issue of helping new employees to find their place and understand what is required of them. This entry
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The Lodge Bistro After reading your summary about The Lodge Bistro Chain‚ I would like to outline the problems and possible causes and try to show you a learning skill that you could implement to help solve these issues. The best way to do this is by using SWOT Analysis which will help to determine the Strengths‚ Weaknesses‚ Opportunities and Threats within the company. The graph below will help you to identify the areas and where they happen. (wikipedia.org) There are many problem areas or
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full 5 marks available. 3.4 TMA 02 Part II Part II of TMA 02 is worth the other 10 marks (the TMA is marked out of a total of 100). The first 5 marks are based on your tutor’s monitoring of your contributions to the TGF discussions associated with B120 Book 2. Your tutor will introduce these at the appropriate time. We expect you to participate in all TGF discussions for Book 2. If your tutor does not feel you have participated in at least two of these‚ the 5 marks will be lost. The second 5 marks
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