Title: Planning the future strategy of your business. Scenario You are currently working for the Small Business Centre in Leicester and as part of your work experience you have been asked to research some cases studies of company expansions‚ you will then need to complete the following work‚ based on your research. Task 1 Explain how four different expansion methods have been implemented in selected small organisations: One: Organic growth This the most common form of expansion of a
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A word young man associate with: force‚ obstinacy‚ creativity and of course with fresh ideas for the future. Almost every young person has a purpose to have his own business‚ they want to be worthy in this big and cruel world. But it is not enough to have a dream or idea. Business is more difficult then we can imagine. Mostly all young people like to dream‚ they are dreamers. But if they want to make their dream come true they have to be stubborn and very strong inside. Recently in accidentally
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UNIT 2 understand what is required for competence in own workrole 1.1 The duties and responsibilities of my own work role are to provide personal care to service users for example: Giving bed baths where needed‚ help to dress the service user‚ to make beds and to keep the room tidy‚ to make sure they are clean and tidy throughout the day. Some service users need to be fed by carers so at meal times i assist to feed individuals. Some service users are incontinent so we have a duty of care to
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Describe how your two chosen businesses are organisational structures‚ local vs national; structure‚ store structure‚ functional areas and what they do. (p3). Functional areas in a business are basically like departments so that the business can run nicely‚ because if there were not functional areas in a business then the business would not be able to run properly and the business itself would not be able to succeed at achieving its aims and objectives. The functional areas in a business can actually
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The specific duties and responsibilities of your job will vary depending on your role and the employer you work for. If you work for a large employer‚ whether in the public‚ private or voluntary sectors‚ you will probably have had a period of induction‚ where you will have learned about: •• the policies and procedures of the organisation •• how the structures work •• the people who are your managers and supervisors. Working for smaller private or voluntary organisations‚ or working as a
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Explain the purpose of agreeing standards for your own work. Give at least two reasons. Answer: Organisation provides a foundation of work standards to ensure everyone knows what is required from them and from people around them. As an employee‚ we should always make sure that we know exactly the work standards required of you. Uniform standard – clean‚ press and shirt tuck into the trouser Behavioural standards – acceptable behaviours in the work environment - time keeping or all team members
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Be Your Own Boss Virtually everyone at some point in time dreams of being their own boss‚ for many that means owning a business. That however is much easier said than done. There are many steps to starting and owning a business‚ a mistake on any of them can derail‚ postpone or kill that dream. The most important step to starting a business is to develop a viable business plan. A business plan will layout the remaining steps and help ensure fewer mistakes are made. In addition to developing
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Review section 10.2 (p. 692) of your text. Describe two laws of exponents and provide an example illustrating each law. Explain how to simplify your expression. How do the laws work with rational exponents? Provide the class with a third expression to simplify that includes rational (fractional) exponents. The two laws of exponents are For any real number a and any rational exponents m and n: 1. In multiplying‚ we can add exponents if the bases are the same. 2. In dividing‚ we can subtract
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dream of having their own business. The mere thought of the financial cost associated with starting a new business can be overwhelming‚ not to mention the sheer amount of legal responsibilities that come along with starting a business. In addition‚ there is the concern of achieving a sustainable cash flow once the business is up and running. These fears can result in the door of opportunity slamming shut in one’s mind. With a ferocious appetite for independence‚ hard work‚ and a creative and open
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F-11724 SUB: BUSINESS PLANNING & POLICY MANAGEMENT Instructions: 1. Maximum marks : 80 Marks 2. Attempt any 8 questions 3. Illustrate with examples wherever applicable Q1) XYZ Ltd. Wishes to adopt the cost-leadership business strategy for one of its SBUs. How should it ensure operational effectiveness in terms of productivity‚ processes‚ people and pace? If‚ after 1 year‚ the company wishes to change over to a differentiation business strategy‚ identify the changes
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