B120 An Introduction to Business Studies TMA01 By Student Name PI TMA01 – Part 1 CONTENTS: Page No. Part I – Report on Lodge Bistro 3 Summary & Introduction 3 Part (a) Identifying the problem 3 Part (b) Concepts applied to issues identified 3 Part (c) Recommendations 3 Part II: Contribution & Understanding - TGF 4 References 4 Part I – Report on Lodge Bistro To Patricia Lodge From xxxxxxxxxxxxx Date: Summary
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B120 TMA01 Part 1 Dear Patricia Lodge‚ In this report‚ as requested‚ I hope to help you understand the current situation‚ of the Lodge Bistro Chain. I believe the issues affecting the business are: staffing problems‚ growing competition‚ inconsistency in the approach of management‚ attracting lower spending customers‚ disagreement between managers and company standards lowering. Part (a) The staffing issue‚ more specifically the high staff turnover‚ is affecting the expenditure of the company
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When identifying the different stakeholders based around Nick Newbury’s company‚ Original Travel‚ we can pick out those who have the highest power and interest. Nick Newbury and his co-founders‚ Alasdair and Tom‚ whose main role is to provide tailor-made short breaks‚ possess these two factors. Their primary expectations are too make a profit from the sales of their quirky holidays‚ but also see a growth on the company. By merging Original Travel with Tim Best Travel highlights this growth with a
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Below is a free essay on "B120 Tma02" from Anti Essays‚ your source for free research papers‚ essays‚ and term paper examples. BU130 Working and Learning: Learning Contract Establishing your Learning Objectives My Learning Objective is to improve my prioritisation and planning skills to give me more time to do my work. I have chosen this objective because sometimes I feel overwhelmed with the amount of work I have to do. My approach under these circumstances can be haphazard and I
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Informal report of problems at The Lodge Bistro Chain using concepts from session 2‚ The External Environment (B120‚ Book 1). * Growing competition from surrounding food outlets * No healthy alternatives offered * No web based advertisement * Not appealing to the younger generation * No choice of less expensive meals or snacks Part B Using the STEEP model (B120‚ Book 1) I will highlight the problems at The Lodge Bistro in more detail. Sociological Factors The Bistro chains
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TMA 01 Part A Dear Nick Newbury‚ Below is a list of stakeholders of which I have compiled to give you an insight on how to go about in your current situation. i. Internal stakeholders (original founding members of Original Travel) The three internal stakeholders consist of yourself‚ Alastair Poulain and Tom Barber. Your main concern is financial growth and return from your business. I believe that all three members need to be informed in choices related to the business. Your main contribution
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Part I In this short report‚ I hope to help you understand and change your current situation‚ using a concept from Study Session 2‚ The External Environment (B120 Book 1). Part (a) I believe the problems affecting The Lodge Bistro are: High staff turnover. Growing completion. Inconsistency in the approach of the managers. Conflicting Managers. Reduced spending by customers. Company Standards lowering. Dated Décor and Menu. Inexperienced staff. Low quality food being served. Custom
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Dear Patricia Lodge‚ I have conducted my report on the Lodge Bistro chain from the information provided using several analysis techniques and you will see my findings/recommendations below. The first technique I used was something we call SWOT‚ which basically stands for strength’s‚ weaknesses‚ opportunities and threats internally/externally within a business (see fig 1.1). I have included two tables below for your comparison‚ one based on the company in early 2000’s and the other 2010 onwards
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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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Hi Nick‚ Here is the list of stakeholders you requested last time we spoke 1. Internal stakeholders are as follows yourself (Nick Newbury)‚ Alastair Poulain and Tom Barber. Obviously your main concern is financial return for your company. It is important that all members are well informed and happy with all decisions made within the company. Also that you don’t lose your values or mission statement in the merge. 2. Tim Best Travel
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