BUS 3047 MANAGEMENT IN PACTISE
23/10/2012 Contents
1.Executive Summary 3
2.Introduction 4
2.1 Overview 4
2.1 Industry 4
2.2 Funding 4
2.3 Purpose 4
2.4 Structure 4
3.Findings and Analysis 5
3.1 Overview 5
3.2 The Idea 5
3.3 Starting the business 5
3.4 Communication within the business 5
3.5 Structure 6
3.6 Financial Information 6
4.Solutions 7
4.1 The Vision 7
4.2 Achieving the Vision 7
4.3 Professional assistance 7
4.4 Attention to Employees 7
4.5Funding 8
5.Implementation 9
6.Conclusion 9
7.Appendix 9
1.Executive Summary
Stewards Limited has established TeaBox from September 2004, focusing mainly on the following aspects of social services; cooperation, integration and sharing. So far TeaBox has not been managed efficiently leading to a deficit in its financial reports. However, Stewards Limited has managed to recognize this at an early stage without putting the entire corporation into danger.
2. Introduction
2.1 Overview
To appropriately appraise the financial performance of TeaBox, an understanding of Stewards Limited operating environment would be key to comprehending the impact of its performance for the year 2006.
2.1 Industry
Stewards Limited has been incorporated in 1962 in Honk Kong as charitable organization. TeaBox was established in 2004 as a catering business for a new school in Siu Lik Yuen, Stewards Pooi Kei College and in 2005 established its second branch at Pooi Kei Primary School.
2.2 Funding
Stewards Limited was mainly funded by Hong Kong Council of Social Service and the Community Chest of Honk Kong. When the Honk Kong government changed funding scheme to reform the social welfare sector, Stewards established ARM services and TeaBox to compete for funds by employing people with disabilities through Small Enterprise Project.
2.3 Purpose
TeaBox serves the purpose for “Life Education” by