’How do the main functional areas of a business interact and contribute to its effective management?’ The main functional areas of a business are marketing‚ human resource‚ finance‚ information systems and production. All these interact with each other in different ways but all contribute to effective management. Management would not be completely effective if one of the above areas are missing. They are all needed in different ways to make sure that the business reaches objectives‚ achieves effectiveness
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Tescos aims and objectives To grow the uk core - Tesco wish to expand on the number of stores in the UK‚ also the number of services they provide in the UK Their goal is “to grow the uk core” is as relevant today as it was in 1997. The UK is the largest business in the Group and a key driver of sales and profit. The objective is to improve the shopping trips‚ driving a strong pace This year‚ they are making a £1 billion commitment to improve the shopping trip‚ driving a strong pace of improvement
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AIMS AND OBJECTIVES NOW THAT YOU HAVE SELECTED YOUR RESEARCH TOPIC‚ THE NEXT STAGE IS TO BEGIN DESIGNING AND PLANNING YOUR RESEARCH PROJECT. THE PRIMARY FOCUS OF YOUR RESEARCH PROJECT IS USUALLY EXPRESSED IN TERMS OF AN AIM AND OBJECTIVES (3) WHAT ARE AIMS & OBJECTIVES? AN AIM IS A GENERAL STATEMENT‚ WHICH REFLECTS THE INTENTION OR PURPOSE OF YOUR CHOSEN AREA OF RESEARCH. AN OBJECTIVE IS A SPECIFIC STATEMENT RELATING TO THE DEFINED GOAL / AIM OF YOUR RESEARCH. IT IS NOT UNCOMMON TO HAVE
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Functional areas in business In a business‚ it is usually easier to identify separate functional areas or tasks because people work together in departments. Each department carries out the tasks that relate to its particular area. The administration function Administration is a support function required by all businesses and this does not mean just doing keyboarding or filing. Senior administrators carry out a wide range of tasks‚ from monitoring budgets to interviewing new staff or their
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internet accessories on line or in store. Business aims. An aim is something a business would like to achieve. A business may only have one aim but others may have more than one: • In the private sector a business will aim to make a profit. Where as in the public sector a business would aim to make a profit where possible and also aim to meet strict expenditure targets. • No matter what sector a business is in they always aim to provide a product or service to
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*Organisational and financial factors are both interdependent* ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Organisational Characteristics ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Business structure and control Organisational characteristics include the way that a business is structured‚ how a business is controlled and also the liability they hold for if they were to go into debt. There are; sole traders‚ partnerships‚ limited companies‚ board of directors‚ charities and co-operatives to take into consideration when looking at organisational
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Technical College‚ you have been approached by several friends who would like you to help with the setting up of their businesses. You enjoy business because the subject constantly changes and you can see the relevance of all that you are learning. You can also apply what you are learning to different situations. a. Alice is thinking of setting up a small restaurant in a village two miles from the town centre. The setting is attractive. Her restaurant will only cater for a maximum of 36 customers
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Also‚ it is the second-largest retailer in the world measured by profits and third-largest retailers in the world measured by revenues. Which it is the business that I have selected to carry out my investigations. Tesco According to the “Business Case Studies”‚ it has been mentioned that one of Tesco’s aim and objectives are to maximise sales. In order to do this‚ they will need to maintain their advertising and promotions to the public. For example‚ new products or services that are brought into
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Aims and Objectives: Long term objectives: * To always be the first choice of customers * To make sure that customers stick with primark and should not opt any other store that is competitor of primark * The business within the organization will always be customer centric. * The remain the leader of the market all the way * To train all the employees up to international standards and let them aware of customer relationship management. * To train the employees for managerial
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have some unstated aims or objectives - for example to survive for the first year. Other businesses may wish to state exactly what they are aiming to do‚ such as Amazon‚ the Internet CD and bookseller‚ who wants to “make history and have fun”. An aim is where the business wants to go in the future‚ its goals. It is a statement of purpose‚ e.g. we want to grow the business into Europe. Business objectives are the stated‚ measurable targets of how to achieve business aims. For instance‚ we want
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