kind of business it is‚ the company will also need to provide the right building facilities. As well as these thing they also include: Sector centre‚ Access to distribution‚ Road/rails/air network- the company will need to make sure that their business is located in an area where customers can get access to it easily. Numbers of staff employed- is also important to think about how many staff you need in the business to carry out the job properly. If there are less staff then the business may not
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The Business Vision and Mission Chapter Two Copyright ©2013 Pearson Education‚ Inc. publishing as Prentice Hall Chapter Objectives 1. Describe the nature and role of vision and mission 2. 3. 4. 5. statements in strategic management. Discuss why the process of developing a mission statement is as important as the resulting document. Identify the components of mission statements. Discuss how clear vision and mission statements can benefit other strategic-management activities. Evaluate mission
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Unit two: Principles of providing administrative services Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document‚ either onto your computer or a disk • Then work through your Assessment‚ remembering to save your work regularly • When you’ve finished‚ print out a copy to keep for reference • Then‚ go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly
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Strategic Plan‚ Part I: Conceptualizing a Business This paper will discuss the business chosen for the assignment. A mission statement will be developed‚ setting the business apart from others in the same or similar market. The vision statement will also made‚ discussing the direction the business wants to take in the future. Other topics such as‚ principles or values will be discussed. Concluding the paper will analyze the mission and vision statement‚ and values in guiding the business in a strategic
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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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To develop a Technical department for International Gadgets (IG) there are some business circumstance that need to be considered. IG has offices in different countries that; speak different languages‚ are on different time zones‚ adhere to different local and national laws‚ use different currency types and have employees of varied cultural backgrounds. The make-up of the communication documentation will be heirachically organized by region‚ nationally and then locally. At the local level the department
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When I come to market my business‚ I will seek to create the following marketing materials‚ which can be used in varying ways and for varying purposes. Setup a website‚ which will be included on all of my printed marketing materials. I will also ensure that the website contains the relevant meta tags within it to ensure that it’s listed as one of the primary results in a search when particular criteria is entered (i.e. Stockport childminder). I will also consider periods of Google Paid Searches
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Component of mission statment Function The mission statement needs to include some description of the function of the business. For example‚ "to promote industrial excellence‚" tells customers and employees nothing. A more effective description would be "To provide management consulting services." Target Consumers An effective mission statement sets out‚ in broad terms‚ the target market. A manufacturer that makes nuts and bolts might set its target market as retail hardware stores‚ machine manufacturers
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Unit three: Principles of managing information and producing documents Assessment You should use this file to complete your Assessment. The first thing you need to do is save a copy of this document‚ either onto your computer or a disk Then work through your Assessment‚ remembering to save your work regularly When you’ve finished‚ print out a copy to keep for reference Then‚ go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it
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Suppliers and the ordering process The ordering process can sometimes be a source of unnecessary costs. This might happen as OBS deals with too many suppliers and there is no clear ordering policy or guidelines as ordering is not centralised. Thus there are insufficient internal controls against mistakes and/or fraud. Reducing the number of suppliers that OBS deal with can often result in savings‚ especially if it gives you the opportunity to improve relationships with the remaining suppliers and
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