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
Premium Management Business Balance sheet
Introduction There are many different elements that determine how successful a company or organization is or will become. In today’s competitive business arena‚ businesses are continuously trying to gain the upper hand and become the best company in their respective markets. Organizations have become increasingly aware over the past few years of how Human Resources could help them become a more effective and efficient organization. As with most businesses‚ the focus is almost always on he bottom
Premium Human resources Management Strategic management
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
Premium Management Employment Human resource management
Extended Diploma in Business Assessment Activity Front Sheet This front sheet must be completed by the learner where appropriate and included with the work submitted for assessment. Learner Name: Assessor Name: Date Issued: Completion Date: Submitted On: Qualification: Edexcel BTEC Level 3 Extended Diploma in Business Unit 2: Business Resources Assignment 1 – Business Consultancy Assignment
Premium Income statement Finance Management
Unit one: Principles of personal responsibilities and working in a business environment 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
Premium Employment
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
Premium Confidentiality Business ethics Secrecy
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
Premium Management Supply chain management Marketing
Comparative Financial Analysis of Ryanair & EasyJet for financial years ending 2010‚ 2011 and 2012. Submitted by Muhammad Sufyan Sadiq CONTENTS Chapter No. Topics Page No. 1 Executive Summary ---------------------------------------------------------------------- -------------- 3 2 Introduction ------------------------------------------------------------------------------- 6 3 PESTEL Analysis ------------------------------------------------------------------------
Premium Airline
Unit 3: introduction to marketing Task 4 ‚ D1: I will be evaluating the effectiveness of the use of techniques used in marketing products in coca cola . Coca cola . I will be evaluating the effectiveness of marketing techniques used by coca cola. Coca cola. Coca cola company one of the fastest growing multinational in the world‚ history shown that coca cola company has touched so many lives since the second world war . Today coca cola produce around 450 brands in more than 200 countries
Premium Coca-Cola Diet Coke Soft drink
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
Premium Confidentiality Secrecy Document