Now I talk about the second alternative solution :
the scenario here is focus on the Arugula restructure to become a unique business entity with Evergreen.
So there are some advantages as challenges .
Starting from the advantages we are focused on :
Centralized system of control ;
Expansion of the Evergreen brand in different zone, in comparision to the previus scenario ; Potential great income and more customers ;
In the opposite side there should be some challenges:
Requires change of mentality for Arugula managers;
Data collections for management knowledge;
Restructure of organizational Hierarchy
Now we move to the multi-attribute chart that give us a brief summary and overview about the alternatives and criterias to better understand the case analysis and its issues.
Step 1:We have list criteria on one axis and the alternative actions on the other axis.
Step 2:We assign a weight to each criterion reflecting its relative importance on the final decision.
Step 3:After taking a review of the analysis, we rate each alternative on each criterion, using a scale of one to five, with one representing very poor and five representing very good.
Step 4:Multiply weights assigned to each criterion by the given ratings to each alternative on each issue.
It’s important to underline how the two alternatives reach almost the same result, infact for us there isn’t a unique clear and perfect solution about this case but there have to be some implementantions to the strategy. ------------
Convert Arugula to a “flat” hierarchy structure from its previous structure; Get key information about Arugulas’ stores and sales to implement Evergreen’s “Knowledge Management” ; Determine ideal human resources necessities ( like improve the attention on the customers ); Create a professional and working relationship with past-Arugula managers and employees;...
...Planning and Employability Skills)
Relevant Degree Programmes
All BA and BSc (Hons) Programmes:
From Autumn 2013
Mode of Attendance
The Study Skills Module (SSM) is intended as a foundation for academic studies in the UK educational system, and is specifically tailored for students at Greenwich School of Management (GSM London). Students vary greatly in their past experiences in education, and many are uncertain of the standards expected of them in a UK institution, many find difficulties in making the transition to higher education. This module attempts to address any potential problem by providing support in the development of good academic practices and effective communications. It is particularly important to establish standards regarding how a student’s work will be assessed and this module will provide clarity regarding what is required of students.
This module is concerned with the development of key business and learning skills to assist in the transition to a business programme at higher education level. The module will also introduce students to some key global, ethical and organisational responsibility issues and begin to prepare them for the world of work.
This module also initiates students in the integrated approach adopted by GSM London to Personal Development Planning (PDP) and increasing student...
...companies do not always compete on price .
Advantages of Oligopoly
Large firms having strong hold over the market are able to make huge profits as there are few players in the market.
In oligopoly, many times, products of two different competitive companies are derived out of one large firm. Therefore, whichever company makes the profit, it finally ends up as a profit of the parent firm.
Since companies in an oligopolistic market have full control over it, they are capable of deciding prices as per their choice. Though this practice is illegal, it works in favour of these businesses.
Dominant market players usually make long-term profits in an oligopolistic environment. This is possible because the market does not allow an old business to increase its share. It also prevents new players from entering the market through several barriers of entry.
Disadvantages of Oligopoly
Setting of prices may be advantageous for the firms, but if done unrealistically, it may prove to be a great disadvantage for consumers.
Creative ideas or plans of small businesses in the oligopolistic market fail to realize because they cannot overcome the control of major market players. Their realization is only possible when one of the major player adopts it for use.
Small businesses in an oligopolistic market fail to establish themselves as a brand because most of the market is captured by larger firms.
Imperfect or Monopolistic Competition
A type of market that does...
...out as sole traders or partnerships. They are mostly small scale operations and often run by family members. They form a limited company to:
1. Improve their financial security as the owners (now called shareholders) are no longer personally liable for the business debts. This is called limited liability. This means that if the company went out of business and left debts then the shareholders would only lose the money they put into the company. The company would go into liquidation.
2. Provide a better image to the customers who presume the business is more secure.
Benefits for the owners
The business can still stay small – many ltd businesses only have three or four shareholders. The minimum is one director and one shareholder and there is no upper limit on the number of shareholders.
The owners usually work in the business are interested in its success.
The shareholders are often directors and are responsible for running the business.
It is quite easy to set up a private limited company. In some cases the owners may only have invested £100 or £200 to start up.
Shares can only be transferred of all shareholders agree, they cannot be sold to the public. This means the owners have direct control over the business.
As the owners have limited liability they will never lose more that they have invested.
Banks are more willing to lend money to a limited company.
BusinessManagement obviously taught us in this class how to become strong minded, goal orientated, driven minded business people. But the lessons learned in BusinessManagement can also apply to life management as well as household management. Success is only as strong as the relationships we build around us. Many would agree, and few would disagree, that without strong fellow humans believing in us and loving us in our life we would wither away and become senseless lonely lost human beings. Family, friends, significant others, all contribute to success in life either professionally and or personally.
The biblical basis for business enterprise is quite easy to understand. It’s clearly stated in the bible to keep everything in perspective. God must be 1st. Business and profit must be a result of serving legitimate needs with value for a modest price. Its clear God wants us to work hard for our profit and not profit from the impoverished or those less fortunate. He wants us to conduct and practice honest, trustful, peaceful business practices without coerce and manipulation. He wants us to avoid the pitfalls of dishonest business practices that create sin and tempt us into greed and sloth. God expects us to practice love and respect for others and himself foremost. He expects...
...produce. Moreover, the other important feature of the IKEA furniture is flag packaging. The flag packaging concept helps IKEA to reduce storage space and freight costs and the most important purpose is to reduce the risk of damage of the inventories on logistic. Base on the concept, all of the IKEA ’s product and extremely simple and the packaging will design to be embedded between two shapes. Therefore, this can fully utilize the space.
III. Competition of IKEA
In Hong Kong, the biggest competitor of IKEA is Pricerite. IKEA is origin from Swedish at 1943. And Pricerite is origin from Hong Kong at 1986. Nowadays, IKEA has 349 stores in 43 major countries and city in the world whereas Pricerite has 32 stores in Hong Kong and has expand the business to South China. Although they are origin from different country, they are operating in a same category and market. They have the similar idea that is provide a solution of the furniture problem and giving a quality purchase experience to the customers. Also, they are selling different kinds of furniture and home furnishings which including large size of furniture, from a small group of assembled furniture, household goods etc. Both of them offer self-assembly furniture to the customer. However, Pricerite have the ready assembled furniture. The biggest advantage of IKEA is their scale is larger than Pricerite.
On the other hand, IKEA has also several competitors in oversea, such as B&Q and HOLA. Most of them...
...What is the most effective type of businessentity?
There exists a range of types of businessentities, some of which could be more successful than others. It is definite that different legal structures of business operate and make decisions in various ways. This text suggests patterns for organizing the entrepreneurial examples in order to see what type of business is the most effective. It could be included three common types of businessentities——sole proprietor, partnership and limited liability company. Through briefly introduction, it would analyze differences among them and the purpose here is to get a conclusion on which type of business is the most effective.
“Here an individual is the sole proprietor of the business. They therefore have sole control over the business and can take all the profit from it. However, at law they also have unlimited personal liability. What this means is that they are responsible for any debts and losses.” (D., 2011) The sole proprietor is a quite popular as well as the simplest businessentity as a result of its simplicity, ease to setup and small cost. Sole traders could amalgamate their personal and business funds and estate. However, other businessentities such as limited liability companies...
...The Formation, Management and Dissolution of Business Enterprises
Type of business organizations
Sole Trader it is any business which is owned by one person. This person may recruit employee. Owner is personally responsible for the debts the company and he has unlimited liability. These are such people who testify specialized services such as hairdressers, plumbers or photographers.
Partnership it is business that is owned by two or more people. These people put jointly in the business their money, skills and other resources. They separated the profits and losses among themselves according to the signed contract or proportionately.
Limited Companies meaning that the owners are not personally responsible for the company's finance and any debts, they have limited liability. We have two types of limited companies:
Public Limited Company (PLC) may have an unlimited number of shareholders and offers their shares on the stock exchange. It can be bought and sold by everyone. This company must have a minimum share capital in the amount of £50,000.
Private Limited Company (LTD) is usually set up by family or friends, they can’t sell their shares to the public. They may only sell their shares privately.
Advantages and disadvantages business organizations
small companies, which are quick and easy to set up
requires little capital
BusinessEntities, Laws, and Regulations Paper
BUS/415 – Business Law
June 13, 2011
BusinessEntities, Laws, and Regulations Paper
This paper will examine two business scenarios and determine which businessentity is the best choice for each business after taking in to consideration control, taxation, and liability issues. In addition laws and regulations each business must consider in starting the business will be identified along with the risks that each business must protect itself against. Next this paper will examine a construction scenario and identify the employment laws and regulations with which the business must comply in making a decision in regards to which applicant to hire.
Lou and Jose plan to open a sports bar and restaurant where customers socialize and watch sporting events on large-screen TVs that hang around the bar. They do not have much money, but they do have Miriam, a wealthy investor who does not have time to participate in the business, but wants to provide capital to start the business in return for a percentage ownership.
For this business scenario the best businessentity is a...