P7 Illustrate the financial state of a given business using ratios I have been asked to illustrate the financial state of a given business using ratios‚ to do this I will use accounting ratios to show the financial state of Porcella. One of the ways a business can measure how it is doing is through ratio analysis. Ratios can help Porcella to see how it is doing now and how it compares to last year or the year before and against competitors. For these ratios to be useful‚ they should be compared
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Tetra Pak Business and Innovation Models 1) Tetra Pak as a Market Pull model for innovation. Before the introduction of Tetra Classic pack in 1952‚ milk was sold unpackaged‚ in returnable glass bottles‚ in groceries and small stores. Distribution was by horse-drawn cart‚ which took days to reach certain areas. As self service stores gradually replaced traditional groceries‚ it led to the need for a more practical and hygienic system for selling milk. Tetra Pak’s packaging process enabled
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"What makes for an ideal entrepreneurial opportunity?" is the question commonly asked when deciding on a new business venture. When reviewing a business opportunity there are three primary aspects to look for: Market size‚ Technology and Team. The most important requirement for a good investment is a large market opportunity in a fast-growing sector. That means a strategic view that includes evaluating market growth‚ market size‚ competition‚ and customer adoption rates. Another big determinant
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Business Model Comparison MGT/401 Business Model Comparison The transportation and logistics industry is a six hundred and seventy billion dollar a year industry according to SJ Consulting Group. A logistics company helps transport people‚ cargo‚ and merchandise‚ by land‚ or sea. It consists of many channels of transportation‚ which include freight trains‚ cargo ships‚ and planes. Logistics and transportation companies are an important part of everyday business and life. The need of exports
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Reinventing Your Business Model By Mark Johnson‚ Clayton Christensen & Henning Kagermann Summary Submitted by Tiffany The article “Reinventing Your Business Model” is focused on the importance of innovating business models as a means of providing new growth and opportunities for an organization. The three authors‚ Johnson‚ Christensen and Kagermann‚ provide a layout to demonstrate possibilities for an organization. The first step is to understand the definition of a business model. The article
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TASK 4 For the business owner‚ the risks must be known and a strategy on how risks will be managed needs to be in place. 4.1 IDENTIFICATION OF RISKS • Strategic risks The risks of having other competitors entering the same market in a short time is high since the capital required is low and no stocks are required. • Compliance risks Laws are constantly changing and new regulations are always emerging which could: • Hinder or change the operations • Increase the costs of overheads • Financial
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Section 1 – Understand how to support the organisation of a business event 1. When organising a business event‚ describe the range of support activities that may be required. The very first task before any business event is making a good plan which should include very clear event objectives and expectations. The plan should also include pre-event activities and tasks as well as such details like who is going to take care of these tasks. Depending on the size of the event‚ striking
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Reinventing your business model Summary by Armen Sargsyan Business innovations have reshaped entire industries and redistributed billions of dollars of value. However‚ stories of business model innovation from well-established companies are rare as new business models often look unattractive to internal and external stakeholders. Business models consist of four interlocking elements that taken together
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Business models Strategic management 2 - seminars 15.4.2013 Ivan Župič What is business model ? Definition A business model describes the rationale of how an organization creates‚ delivers‚ and captures value Business model building blocks Customer segments Value propositions Channels (communications‚ distribution‚ sales) Customer relationships Revenue streams Key resources Key activities Key partnerships Cost structure Customer Segments A business model may define one or several
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means the business could be really big or small could be voluntary‚ private‚ public‚ national or global business but it still have to have a structure for it to run smoothly. By forming a business structure this allows the workers who to take instructions from and who is in control of them and People need to also know who they can turn to for support or discuss any concerns or issues bothering them. The type of structure that that most business use is a Hierarchal structure. A business could choose
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