Question 1 A) Innovation is about finding new or better method of making something‚ a product or a service. Innovations are born due to several reasons .Peter Drucker has outlined seven sources of innovative chances or opportunities .I am going to identify them below. 1. Unexpected happenings‚ as a sudden event that can be a indication of a distinctive chance for innovating or entrepreneurship. 2. Incongruity‚ as the divergence between what everyone think of a thing and the reality of it ‚
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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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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 1 I decided to carry out a PEST/STEEPL analysis on MacDonald’s‚ the fast food chain. Although in their own Mission and Value statement they describe themselves as a franchise business. The STEP analysis proved to be relatively easy‚ in some was it is similar to SWOT‚ in that once a start has been made it is difficult to stop. I used a copy of their 2011 Annual Report as the basis for the analysis‚ this did make things difficult in term of economic factors as the report was mainly financial
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Ethical Statement In accordance with the ethical guidance (The Open University 2013) I have followed the BERA guidelines including changing any names. My Role I am a parent volunteer in a Church of England primary and nursery school. I am currently supporting the mixed year 1 and 2 classes. I work on Monday and Wednesday mornings from 8.45 -12 pm. I have a variety of different supporting roles within the classroom not just with the helping the teachers but also the pupils‚ school and curriculum
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ACC203e Managerial Accounting Group-Based Assessment January 2011 Presentation Lecture Group T01 Mr Wong Nee Tat Names Chen Yawen Gwendolin(Y1072354) Chng Chyi Da (K1115100) Teo Zhen Wei (Z1010291) Question 1 UrPrint Job U12 Cost Sheet $ Direct Materials: Plain t-shirts 4‚800 Paints 1‚400 Design & making of silk-screen 2‚000 Direct Labour: 600 t-shirts1 4‚200 Factory Overhead2 840 Additional Costs: Correction
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By firstly understanding what the term carer means I can look at the challenges both care givers‚ and care receivers face. According to a government website a “carer is someone who looks after a friend‚ relative‚ or neighbour who needs support because of their sickness‚ age or disability.” A 2001 census report noted that “6 million people said that they provide unpaid care to a family member.” This is 12% of the adult population in the United Kingdom. This is a great amount of families providing
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A plan of Parts 2 and 3 of my EMA For this assignment I can confirm I have adhered to the E105 ethical guidelines by using information gained from my own setting. Parents of children whom I have observed as part of my studies have given written permission‚ and are aware they may withdraw this consent at any time. Parents‚ colleagues and other professionals acknowledge they will not be identified at any time during this assignment. Self-Assessment Profile I am now aware of the United Nations Convention
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