Marks And Spencer: An Analysis

Marks And Spencer: An Analysis Introduction Marks and Spencer is one of the UKs leading retailers. MandS was founded by a partnership between Michael marks, a polish immigrant from Slonim and Thomas Spencer in the early years 1884 to 1949. Then the next few years Michael marks opened some market stalls in many locations like North West of England. In 1984, Thomas Spencer invested in Marks activities and the plan to open the first store in partnership at 20, Cheetham Hill Road, Manchester. And that was the first founding of the present Mark and Spencer retail company. They started their business with a simple business strategy which was to sell quality products under the label of St Michael. MS lingerie, womens clothes and girls school uniform Task 1: Strategic Formulation: According to G Johnson K Scholes, Strategy is the direction and scope of an organisation over the long term, which achieves advantage in a changing environment through its configuration of resources and competences with the aim of fulfilling stakeholder expectations. In simple words, business strategy is a plan which is set by an organisation in terms of future performance. It also gathers what are the plans needed to get the goals set. Whenever embryonic your strategy it is important to understand which position you want to start from in terms of the current performance levels. In addition it is important to consider the important factors which can influence the ability to achieve the strategy. So as MS strategy is including the following components they are vision, mission and goals. As MS Vision is to be standard against which all others are measured MS Mission is to make aspirational quality accessible to all And MS Values are Quality, value, service, innovation and trust Meaning of Stakeholder: Stakeholders are persons, groups or institution with interest in a project or programme. Stakeholder analysis helps to find out the interest of stakeholder in relation to the project, to identify the conflict of interest and understand the relations between stakeholders for the project interest is drawn. MSs management gave a great support that helped in its growth. But recently MSs mangers seems to fail on leading the group to lower and lower sales and profits and their strategic decisions. Shareholders are feeling insecure for future because the share prices are falling down. Hence, MS needs to undertake various steps to maintain the market share and retain its stakeholder in the business for the future growth and success. Stakeholder management has two important elements Stakeholder Analysis and Stakeholder Planning. Stakeholder analysis is a technique used to identify the key and important people who are needed for the project whereas stakeholder planning is a support that would help to succeed the plans. Importances of Stakeholder Analysis that is carried by MS are as follow: To understand the relationship with the stakeholder. To understand the stakeholders place in the organization. To understand the importance of the stakeholder in the organization. Stakeholders power Stakeholders priorities Associated risk areas. To help decide better strategies and decision To help accept the strategy and decision of the organization. http://www.actuaries.org.uk/?a=161691 take the diagram from this for stakeholder of MS What is Stakeholder Mapping? Description During the Stakeholder analysis process, it is useful to classify the various stakeholders by drawing pictures of what stakeholders interest they represent, what groups they are in, the amount of power they process, whether they symbolize inhabiting or following factors for the organisation to recognize its objectives, or which methods they should be dealt with. Stakeholder Mapping is the process to create such pictures to clarify the position. Business strategy definition: Strategic or institutional management is the conduct of drafting, implementing and evaluating cross functional decision that will enable an organization to achieve its long term. According to Arieu (2007), there is strategic consistency when the actions of an organization are consistence with the expectation of management, and these in turn are with the markets and the context. As MS is the UKs leading retailers, MS sells stylish, great value clothing and home products, as it also deliver excellent quality food, reliably sourced from around 2,000 suppliers globally. MS has a commitment as to provide advanced quality products at a reasonable price which has built a  £8 billion turnover, MS employ 68,000 employees in 30 countries, and has more than 500 stores and serving ten millions of customers each and every week. MS have spent the last five years putting in place tough foundations in line with the long term plans. MS have introduced new products and services in the core business of general merchandising (GM) and food, expanding the international business, broadening the multi-national portfolio, and putting the plan A in the heart of our business. MS also respond to the changing needs of the customers by improving the values without comprising on quality; something MS keep viewing the short term pain for a long term gain. MS with its strong brand, delivering the right products and with the exclusive experienced management team, MS are now: Operational executive and increase in the pace of change in the business Increasing MS direct by structuring more channels to markets. MS keep building their international portfolio so as to grow the global customer base MS keeps updating with the current brand communication. As MS celebrate their 125th anniversary they have revealed reputation for Trust, Quality, Service, Value and Innovation. These central part values of MS are as important today as they ever have been. MS has nearly 300 stores in UK which is the shop keeping leader. It is countrys largest retailer and the main business is Clothing which contribute 17% on market share price. MS has always targeted the middle aged class especially their clothing department and specifically the womens wear. Per Una is the brand that is very popular in UK. MS has decided to expand and explore new market in Malaysia. MS share price is also falling due to recession; hence investors are worried about it. Therefore a detail research is carried out to solve the problem and to launch a new clothing range in Malaysia as per the expansion plan. MS has carried out the environmental and organizational audit in order implement its expansion plan with strong clothing range and wide range of products to retain the market position and increase the share price. Following is the SWOT analysis that is carried by MS to first decide it strengths, weakness, opportunities and threats of entering in new market for launching a range of new clothing in womens wear. SWOT Analysis for MS. Internal Strengths Weaknesses Own branded products under own labels. Best Quality service Having their own farm which gives Fresh/ Quality Food. Large Range of products Understands customer trends and preferences. Online-Shopping Existing store coverage is leading to difficulties High price as compare to competitors Very dependent on the performance of own labels External Opportunities Threats Expansion into the new markets. Retail Partnerships Internet shopping Available technology to improve their functioning. Cheap-chains targeting the high end market Overseas groups entering the market Threats from discount store which offers same price with trendy clothing range. With above analysis it is clear that MS can use a strategy that will allow them to enter new market like Malaysia. MS can certainly use its brand image and name to get familiar in the market and to face the competition. Though there is threats and weakness that needs to be taken care by MS in order to be successful in the expansion plan to maintain the market share price. Table 2 MS Industry, PEST Analysis Political Economic European Integration and Free Trade Agreement. Open market for British companies to invest in European. Competition Commission EU Competition Law 2009 Market value  £5.66bn Relative Recession proof industry Optimistic customer Booming retail industry Socio Cultural Technological Change in consumer taste and lifestyle. Organics and healthy eating Environmental conscious Internet selling. IT and Communication Supply Chain Optimization Cool Storage and Transport Stock Management and Bar Code Above analysis gives a clear picture about the European market as a part of expansion for MS. INTERNAL AUDIT: MS has decided to conduct the Organizational audit through Porters Generic Value chain. Porters Generic Value Chain Inbound Logistics > Operations > Outbound Logistics > Marketing Sales > Service > M A R G I N Firm Infrastructure HR Management Technology Development Procurement Diagram 1: http://www.netmba.com/strategy/value-chain/ MS goal behind these activities is to give the customers the value that exceeds the cost of activities and thereby this offer will result in the profit margin. The value chain activities explain MSs: Inbound Logistic: This explain the distribution to manufacturing of MS and even warehousing of the raw materials. Operations: Operation explains the process of transforming raw materials into finished products and service to sell them in MS outlets. Outbound Logistics: The manufacturing and distribution of finished goods. Marketing and Sales: carrying out the market research to identify the customers need and requirement to face the competition in the market. Service: After the product and services are sold MS has a strong support of customers. MS takes every complaint seriously because no problem is small in business in this modern competitive world. MS supports these activities with: The infrastructure of the MS firm is guided with organizational structure, control system and company culture. Put Diagram please to explain: Human resource management: MS takes additional care in selecting its workforce to make that it keeps the values and market position. TASK 2: Table 2 MS Boston Consulting Group Matrix Relative Market Share High Low Rate of Market Growth High Stars Question Marks Organic foods Clothing range Online shopping# Indian own brand foods Services Bakery Low Cash Cows Dogs Perfectly Balanced Own Brand Label Products Wines Delicatessen Counter sales (Fish, Cheese, Pattisserie, Meat) Frozen uncooked foods Flowers Entertainment goods STRATEGIC PLANNING: There are six steps in strategic planning, MS has covered few step as discussed above with various analysis carried out. In this task we will discuss the strategies to be used for entering in new market as part expansion plan. MS and every companies has three main generic strategies available either become the lowest cost retailer or differentiate product and services in such a way that the customers so that they will pay a premium price. Generic strategies result: Cost Leadership, Differentiation and Focus. MSs core products ( food and clothing ), it emphasis a focus generic Strategies as it concentrates on a narrow segment A particular set of groups such as executives Market segmentation such as high end Product feature such as freshness and within the chosen segments MS attempts to achieve differentiation from Tesco, Asda and any high street retailer. Needs that can be better serviced by focusing entirely on it. Competitive Strategy: Competitive Strategy is about being different. It means deliberately choosing to perform activities differently or to perform different activities than rivals to deliver a unique mix of value ( Michael E Porter) The essence of strategy lies in creating tomorrows competitive advantages faster than competitors mimic the ones you posses today (Gary Hamel C K Prahalad) Porters four generic Competitive Strategies MS Generic Strategies: As per these strategies it is argued that to establish its competitive advantage the business needs to make two fundamental decisions which are: Whether to compete on Cost. Its competitive scope. Cost Leadership: As MS has decided to enter the market which is more competitive at price. In order to enter broad cross section of the market by introducing products and service at low price. MS wants to sustain and retain customers in European market; hence it has kept its cost as low as possible to keep low prices for the products and service. MS has to make sure that its quality or the features of the product are untouched with the efforts being at low cost. Market place is more dominated by price, as the product is same from seller to seller. Differentiation: MS will be introducing its product with differentiated feature. MS own brand such as Per Una is very popular within UK that attracts customers frmom aged 35, MS will launch its a new clothing range that will attract customers from aged 20 to 25. It will have a new clothing range with low prices to attract young customer. New Group Strategy and Structure: Based on the above analysis and research and strategic review, the board of MS announced in April 29 of 2009 significant changes to the structure group and strategy. Highlighting the new plans which will be used to retain the customers and increase the share price in the market: More focus on UK retail: Own brands will be modified and will be made more stylish to attract young group of people as well. MS will be selling more of its own brand and products exclusive to MS so that customers can be rest assure that the products are quality, value and service. Recovery plan for range of clothes: There is a huge growth in products like Home, food and Beauty. Store improvement Programme Focused customer service Closure of loss making business, Cost cutting measures and realisation of value: MS is a huge company, customer, investor and everyone has great expectation from them. Therefore MS intend to merge or close business which is making losses. MS intend to close the subsidiary in the European rather than the Irish one. Selling of brooks in king brothers market and super markets in the US as there are no suitable platform for future international expansion by MS in US. MS has opened a new store in China through franchising. MS intends to close its loss making business including a dedicated call centre with about 340 jobs in total. Cost cutting is one of the best ways to reduce the costs of goods sold by using foreign suppliers and less supplier mainly to Asia. TASK 3: Lately, MS has faced some tough competition and thats how its time for MS to come up with new market for growth. In order to analyse the market and find a new market MS has adopted the Ansoffs product market matrix. Table 4 MS The Ansoff Matrix; Growth Vector Components Products Existing New Markets Existing Market Penetration Product Development Improve service and quality Repositioning Withdrawal Expand Own Brand Labels Introduce new products Expand to non-food sector New Market Development Diversification Internationalising Globalization Expand abroad Online shopping Conglomerate Acquisitions Above Ansoff matrix suggest that MS can use this as a base to plot its expansion plan for future. In order to develop a new marketing strategy, MS carried out a market research. MS market research shows that the best way to bring new customers in their existing range would be by exploiting new markets (market development). The company when carried out the research in both primary and secondary and as a outcome, they find the opportunity to target between the ages 18-25 which also includes the students (three million) as potential customers, with a spending ratio of  £12 billion. To aim the youth (students) so that they start shopping for their early student days, MS set a new strategy. 90 universities were contacted and the company used variety of tactics to attract the students like give free gifts at freshers fair, free voucher, direct mail flyers and we banners. This would help the students to maintain their loyalty over degree course and ahead in working life. To increase the awareness about the MS value and products, the company set up a campaign. This campaign was really helpful where MS achieved business aims, including growth and a new market (students, youngsters). Trendy with less price catalogue was another step towards substantive growth. It was launched in 2009 with an aim that it benefits the company as well as the customers which offers a variety of product, free home delivery, and online service as well. To maintain this rapid growth, MS is also planning to take discounted offers internationally with opening new stores in different countries, to further expand the growth in business with a unique selling proposition. MS market research gives the result that the existing product into new markets was the best direction to take further TASK 4: In Addition, MS is to adopt a new system to manage supply. MS is introducing merchandise lifecycle software (Trade Stone Software system) which will support its global sourcing initiatives. This software will reduce the time which will take to bring new products to market, increase imports over an unspecified timeframe and expand its product selection. And with the introduction of the CPR (Customer Pulled Replenishment), MS is planning to implement on the financial strategy by reducing labour costs and stock handling. Accordingly, MS will be maintaining different levels of implementations of strategies. Following the operational strategy for MS Below is a cash flow statement for MS expansion plan in European Market with new clothing range and new product line. Above is the GAP analysis will help MS to set realistic goals and as a basis for identifying the extent to which existing strategies will fail to meet performance objectives in the future. GAP analysis will help MS to realise the requirement and effort required to fill in the GAP from where we are to where we want to go, this gap between this two questions will help MS to fill the gap with all resources that is needed. While planning the strategies MS has forecasted desired revenue/profits. It is then possible to consider how this gap may be bridged, as MS has decided to fill in the gap with expansion and launching a new clothing launch for attracting customers from 20-25 years. Expectancy Theory (Vroom) Effort hh Expectancy? Leads to Performance Instrumentality Leads to Outcome (Reward) Valence? Personal Goals After a extraordinary amount of research over the last few years it shows an increasing realisation of the customer satisfaction and customer focus in the company, MS decided to rebrand few of its stores by applying over the last few years it shows an increasing realisation of the customer satisfaction and customer focus in the company, MS decided to rebrand few of its stores by applying whole new concept design to take MS forward. With the new merchandising techniques and displays MS have found a real positive change in the customers hopping environment. Additionally, to increase the effort towards its modernised offer MS is also mulling a revamp of few of its stores. Moreover, MS also continues to fine-tune its portfolio, transferring its existing store into larger sites such as Oxford Street store, which took over a site formerly occupied by CA in 2002. In order to carry out the market surreys and research, MS is evaluating systems in their organisation. To form the budget of the company MS are opening new stores and departments. As well, the company is working on the limitations to achieve the targets. For example MS has recently evaluated a recycling technique (Plan A) through which it is generating quite a lot of money. Referencing: http://books.google.co.uk/books?id=8KS4gKNgLysCpg=PT29dq=G+Johnson+%26+K+Scholescd=1#v=onepageq=G%20Johnson%20%26%20K%20Scholesf=false http://en.wikipedia.org/wiki/Business_Strategy (function() { var scribd = document.createElement("script"); scribd.type = "text/javascript"; scribd.async = true; scribd.src = "https://www.scribd.com/javascripts/embed_code/inject.js"; var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(scribd, s); })() http://www.coursework4you.co.uk/essays-and-dissertations/bcg-growth-sharemarket.php http://www.netmba.com/strategy/matrix/bcg/ http://www.examstutor.com/business/resources/companyprofiles/marksandspencer/strategyinsight.php (about ms details and information.) http://www.echeat.com/essay.php?t=29922 http://www.thinkingmanagers.com/management/market-strategy.php http://www.oxbridgewriters.com/essays/marketing/marks-spencers-corporate-objectives.php http://www.coursework4you.co.uk/essays-and-dissertations/ansoff-analysis.php

Small Scale Business Management

TABLE OF CONTENTS Â  EXECUTE SUMMARY This is a business expansion. The business name is Mcraj Arts & Designs – catering and decoration busi. t started on 04 December 2010. It was funded by Department of Youth on the 29th June 2010. When I started this project my aims was to make something that is unique in my place, I wanted to combine catering and decoration as I have registered at registration of companies, the project that I wanted to run was to hire tents with catering combined with a garden decorated for photos and video shooting. Unfortunately the finance that I got from the Department of Youth wasn’t enough for the project. In catering t be done during wedding, parties and funerals ceremonies because some customer they usually ask why is it not possible for me to cater for them with food also. And I will be catering for rallies, exhibitions, workshops and meetings because in my area when there are activities like workshops, rallies and exhibition they ask for ca tering of youth first. And in Kgalagadi north there is none existing business of youth for catering. I have also realise that in my area there is no resting place and where people can take photos and video shooting.Then I came up with an idea for a plot for photos and video shooting and sometimes. And sometimes people need to celebrate their weddings outside their place that’s is why I came with an idea of making a plot decorated for photo and video shooting, this will be not only for photos and video shooting and it will be for the customer who want celebrate their weddings and parties outside their place. In may market research, their some customer who need a place for resting with their friends and families. As for now I have been operating tent hire only.Since I have started this project I have realised that during festive season there is shortage of tents in areas because this festive I have more than four to five customers booking tent on the same date but I have only o ne tent. I have realise that I have to increase numbers of tents so as to cater for more events on the same date. According to income statement of my business from December 2010 up to December 2011 I have realize that the loss that I have is only for buying materials and transport as can see from attached documents.When I started the business the project was having full equipped materials especially dress lining for draping and decorations. My plans was to start saving for the project after I had full equipped material in the tent and also to buy small gazebos and jumping castles as my customer usually need then they hire the tent. The business was operating by the following organization and management structures. MANAGING DIRECTR {NONOFO SETLHOGILE} CLEANERS TENT PITCHERS TENT DECOTATORSNALEDI SETLHOGILE KEORAPETSE RAMOSESANE RAPELANG TSIENYANE KEOSIILE KARABOOTENG SEGOLE LETSHOLATHEBE MOHEME KEOBAKILE SEGOLE MOLEFI TSHIDI OBJECTIVE * To promote rural development and stimulate the provision of other services in remote areas of the country and also to reduce rural urban migration. * To lead other youth by example and encourage them to venture in to sustainable and viable income generating projects. * Generate employment mainly in rural areas and improve our standard of living. ORGANIZATION AND MANAGEMENT STRUCTUREAs the business will be expanding the structure will be as follows MANAGING DIRECTOR 1 SECRETARY ACCOUNTANT 1 1 CLEANERS TENT PITCHERS TENT DECOTATORS DRIVER 2 64 1 STOCK SUPPLY GROUNDS MAN COOKERS 1 24 OPERATIONAL PLAN The business will be providing tents for hire with catering and a garden decorated for photos and video shooting and the business will be operated by 23 employees as you can see from the organization plan.The managing director will be a decision maker, supervising the whole project to see if all work is done properly. The accountant will be doing records and booking keeping and also the employees payments. Secretary will be typing the projects minutes and hand – to – hand with the accountant. Cleaners will be cleaning storerooms, doing the laundry when there is a tender for tents hire, clean plates, glasses, cutlery, chafing dishes and bowls Tents pitchers will be washing tents before the events, also pitch tents during the eventsTents decorators will be preparing decorations, lining for draping according to the colours of events and decorate during events. Driver will be transporting equipment wherever the events are, acting as messenger e. g checking mails at the post office and also transporting employees for caterings. Grounds men will watering, cleaning, cultivating, cutting trees and lawns and the garden plot. Cookers will be cooking food for events and acting as cashiers e. g weddings, parties, funerals, workshops, rallies, exhibitions, individuals e. t. cStock supply will be supplying employees with equipment needed e,g books at the office, pins, cable ties, draping materials, decoration equ ipments for tents and count equipments like tables, chairs, cutlery, plates, chafing dishes, and glasses before and after the events to see if they are which is missing and also buy all materials that will be needed in the business. MARKET PLAN TARGET MARKET The business will be targeting wedding events, parties, funerals, meetings, workshop, rallies, exhibitions and individuals as the business will be offering combined services making wedding planning simpler and cheaper.Prices will be affordable with high quality services and good customer care. MARKET SIZE SALES FORECAST GOODS/SERVICES| YEAR SALES| UNIT PRICE(BWP)| TOTAL AMOUNT(BWP)| TENTS| 10 X 24m| 13| 19Â  500. 00| 253 500. 00| 9 X 18m| 15| 6Â  000. 00| 90 Â  000. 00| 7 x 15m| 17| 5Â  800. 00| 98 Â  600. 00| 9 x 9m| 30| 1Â  200. 00| 32Â  000. 00| CATERING| Breakfast| 550| 20. 00| 11Â  000. 00| Booking breakfast{placed orders}| 550| 25. 00| 13Â  750. 00| Tea break| 530| 20. 00| 10Â  600. 00| Booking tea break{placed o rders}| 550| 25. 00| 13Â  750. 00| Lunch| 810| 25. 00| 20Â  250. 00|Booking lunch{placed orders}| 1400| 35. 00| 49Â  000. 00| Super| 540| 25. 00| 13Â  500. 00| Booking supper{placed orders}| 1300| 35. 00| 45Â  500. 00| GARDEN| Full day| 17| 3 500| 59Â  500. 00| Half day| 32| 2 500| 80Â  000. 00| TOTAL SALES REVENUE| 790Â  950. 00| COMPETITORS My competitors are: Tents * Itshome tent hire * Lokgwabe home base care tent hire * Mantle tents hire * Thati’s tents hire Catering * Itabeni guest house * welcome restaurant. Garden * I have none existing competitors for garden plot which be operated for resting, photos and video shooting MARKET SHARE:The price that I have for tent hire 9 x 18 m with chairs, rectangle tables, cutlery, plates, glasses, draping, carpets(green and red), stand and decorations catering for 200 people is BWP 6Â  000. 00 per event. Prices of my competitors are as follows: TENTS * ITSHOME TENT HIRE: fully equipped (tent 9 x 24m, chairs, rectangle table s, cutlery, plates, glasses, draping, stand and decorations) catering for 250 people – BWP 12Â  000. 00 * MANTLE TENT HIRE fully equipped (tent 9 x 21m, chairs, rectangle tables, cutlery, plates, glasses, draping, stand and decorations) catering for 200 people – BWP 10Â  000. 0 * LOKGWABE HOME BASE CARE: only tent of 5x10m with chairs, rectangle tables, plates, glasses and cutlery : catering for 50 people – BWP 2Â  500. 00 * THATI’S TENT HIRE: only tent of 7 x 15m with Lokgwabe chairs, rectangle tables, plates, glasses, cutlery, draping and decorations; catering for 100 people – BWP 5Â  200. 00 CATERING * ITABENI GUEST HOUSE: Breakfast – P 25. 00 Tea break – P 25. 00 Lunch – P 28. 00 Supper – P28. 00 Bookings for events{placed orders}: Breakfast – P 30. 00 Tea break – P30. 00 Lunch – P40. 00Supper – P40. 00 * WELCOME RESTURANT: Breakfast – P 27. 00 Tea break – P 25. 00 Lunch – P 30. 00 Supper – P30. 00 Bookings for events{placed orders}: Breakfast – P 35. 00 Tea break – P30. 00 Lunch – P45. 00 Supper – P45. 00 MARKET STRATEGIES I intended to beat other suppliers in the area of my market by providing products / services with affordable prices. I will be maintaining high quality services to retain customers and build a reputation in the market e. g my tents will be having caterings, jumping castles, and gazebos.And also I have designs an arcs that will be decorated in front of tents and also others that will be partitioning inside the tents e,g inside the tent there will be portion for bride and groom maids, for groom ‘s parents, bride’s parents and others. DISTRIBUTIONS I will be delivering the my products/services to my customer where they want it to be e. g if I have catering orders for workshops, rallies, exhibitions, weddings, parties, funerals and meetings. And also tents equipments will be deli vered to my customer for events. SUPPLY CHANNELS All tents, catering equipments and landscaping companies will be found in Gaborone and Lobatse.Materials for draping and decoration will be bought in Hukuntsi.. And also grocery for catering will be bought in Hukuntsi. In Hukuntsi there a only two wholesalers and one textile and clothing shop: (Sefalana and Trans and hilda’ clothing and curting for material of decoration and draping). There are two shops of tents in Gaborone: (Funhire and T and T ) and one in Lobatse: (Lobatse canvas). There also two landscaping companies that I found in Gaborone:(Soft rolls and BCD) All my suppliers are reliable. PRICING Tent hiring: * 9 x 37m tent that will be catering for 400 up to 500 people and I it will be BWP 19Â  500. 0 per event * 7 x 15m tent catering for 100 up to 150 people it will be BWP 5Â  800. 00 * 9 x 9m gazebo catering for small events like parties it will be BWP 1Â  500. 00 Catering * Breakfast – P 20. 00 * Tea brea k – P 20. 00 * Lunch – P 25. 00 * Supper – P25. 00 * Bookings for events{placed orders}: * Breakfast – P 25. 00 * Tea break – P25. 00 * Lunch – P35. 00 * Supper – P35. 00 Garden plot for Photos and video shooting only: Full day: BWP 3Â  500. 00 Half day: BWP 2Â  500. 00 PROMOTION I vigorously market my project by advertising through local channel media i. magazine, newspaper, facebook and also fliers, posters, sign boards, business cards e. tc. When I have a wedding I usually offer them free usher tags, and wedding programmes and I put my contact on the back of the usher tags. I also ask my customer to put me in the programme to advertise my products / services during the event. I maintain a database of customer and their requirements. Excellent services and attention to detail will attract repeat orders. FINANCIAL STRUCTURE FIXED ASSETS DESCRIPTIONS| QUANTITY | COST PER UNIT| TOTAL| Vehicle| 1| | | 7 x 15m tent| 1| | | 9 x 37m tent | 1| | | 9 x 9 m gazebos| 3| | | x 15m green carpet| 1| | | 9 x 37m green carpet| 1| | | 9 x 9m green carpet| 3| | | Red carpet 1. 2m x 40| 1| | | Chairs| 400| | | Round tables| 40| | | Rectangle tables| 20| | | Chair covers| 400| | | Round table covers| 40| | | Rectangle table covers| 20| | | Plates| 400| | | Glasses| 400| | | Knifes| 400| | | Forks| 400| | | Chafing dishes| 20| | | Vases| 40| | | Jugs| 40| | | Serving bowl| 10| | | Industrial stove| 1| | | Deep freezer| 1| | | Fridge| 1| | | Electric heating bucket| 2| | | Steel trays| 10| | | Cooking pots| 10| | | Food containers| 10| | | Fence 100m x 100m plot| | | | landscaping| | | | | | | | | | | | | | | | | | | | | | | | | | | OVERHEADS DESCRIPTIONS| QUANTITY | COST PER UNIT| TOTAL| Petrol: Gaborone to Lokgwabe| 562 km | P | | Rent| Year| P 750. 00| P9Â  000. 00| Salaries / wages| 6 months| P 22Â  600. 00| P 135Â  600. 00| landscaping| | | | Electricity| | | | Water| | | | Total | | | | APPLICANTS CONTRIBUTIONS TO THE PRO JECT DESCRIPTIONS| QUANTITY | COST PER UNIT| TOTAL| Youth Loan repayment| 5 years| P | P| Water connection| | | | Electricity equipments| -| P 2 696. 33| P 2Â  696. 33| Grocery for catering| -| P 5Â  000. 00| P 5Â  000. 00| TOTAL| P 11Â  700. 00| INTERNAL ANALYSIS STRENG Employ staff who have required skills sets and train them to provide excellent customer services * Capability and capacity to provide in time * Networking base * Knowledge of local market * Self driven, motivated young woman able to adapt very quickly to new situations, conforming to and often surpassing expected standards WEAKNESS * Little bit of market skill * Lack of capital for the production purchases, as it will limit effectively complete the job * * I have staff who have required skills sets and I have trained them to provide excellent customer services EXTERNAL ANALYSIS OPPORTUNITIES * Make a difference and diversify economy Increase in the development budget will mean more project to implement * Creatio n of employment for the community area * The business must leverage its inherit strengths to capitalize on all potential sales opportunities * Employ staff who have required skills sets and train them to provide excellent customer services * Build up a strong reputation of reliability exemplary services and high quality services. * Capability and capacity to provide in time THREATS * New competitors emerging in the vicinity * Customers having financial problems * * * IMPLEMENTATION PLAN DATE| ACTIVITY| RESPONSIBLE PERSON| st and 2nd weekMarch 2012| * Buying all equipment of the project| * Managing director| 3rd and 4th weekMarch2012| * Building fence for garden plot * Prepare sketch plan for kitchen and storeroom * Arrange building material for kitchen and storeroom * Landscaping inspections| * Managing Director * Managing director * Managing director and building construction| 1st and 2nd week April 2012| * Landscaping, paving, planting trees and lawns * Start building storeroom an d kitchen| * * Building construction| 3rd and 4th weekApril 2012| * Cleaning up the garden, storeroom and kitchen for inspections * Inspections| * Grounds men and cleaners * | 1st week May 2012| * Arranging equipment in the kitchen and storeroom * Decision making, Pricing,Prepares materials for bookkeeping records,Prepared recipe and schedules for catering | * Stock supply and cookers * Managing director, secretary and accountant| 2nd weekMay 2012| * Business start operating| * All employees|

Buying Topics of Presentation

Buying Topics of Presentation Topics of Presentation Features Profit is the sole motive of business. Financial presentations may also be useful once you're attempting to get financial backing for a new small business idea or a new item. Building Technology as its name suggests deals with how technology is utilized in construction and infrastructure market. What Everybody Dislikes About Topics of Presentation and Why Identity theft is an enormous problem and ought to be paid attention to. Just add the info that you would like to present and you're all set. Information is freely on the web. Zodiac signs changed with the debut of the 13th. All you need to do is provide the directions and an expert expert will begin working on your presentation immediately. Now you get your presentation in check. Text books ought to be replaced by I-Pads and internet resources. Students prepare presentations for several reasons, including some basic slides for important topic so they can review the training course content quickly at the right time of examination. If you're a medical student, then you may be well aware concerning the value of an effective PowerPoint Presentation. Choosing Good Topics of Presentation You can be certain you will acquire premium quality, error free content that will gram and retain the eye of your audience. Remember content is simply a small portion of your speech. TV advertisements ought to be banned. Is it true that the paparazzi help or hinder the aim of totally free press. It isn't difficult to produce the purchase and you don't have to be worried about anything else after that. It's affordable and not as cumbersome than having to deal with it yourself. At the close of the day, nobody likes to work with a stiff. The issue is that you have an exces sive amount of selection. A broad range of choices might be true problem and you are going to have to devote a great deal of time choosing the topic rather than working on your presentation. Limit alternatives to create your choices easier. The flexibility and options make it effortless to present any form of information you might have. With so many choices, it's often hard to pick the appropriate major. Therefore an appropriate balance of text and formulas ought to be maintained. Make certain that you write short notes you can look at. In some instances, it can be Post-it notes that I like'cause you don't need to write them down. The audience should understand and make a mental picture of this issue or message immediately. If you're excited about the subject, then your enthusiasm is guaranteed to come across in your presentation. Irrespective of the intricacy of the topic you're working with, we can help you earn a winning presentation for you. The dilemma concerning the topic selection becomes aggravated further every time a guide demands the variety of a new and latest topic or subject. To get you started, we've prepared a thorough collection of 100 topics to have you thinking. If you're finding it challenging to select the perfect subject, you may give the writer a list of your very best ones and leave it to them to pick. Deciding upon the right topic is the toughest task about creating a presentation. Developing very good demonstration skills in 2019 begins at a young age. MS powerpoint includes unlimited template layouts that you could use. In school, it is normally utilized to assist you learn how to correctly choose a topic you can develop into a complete presentation, which is a significant skill to get later on. Providing suitable school speech topics for kids is frequently a true challenge. The school leaving age ought to be abolished. As a college or university student, you'll have to compose several presentations in the duration of acquiring your degree. Figure out why thinking career first'' will assist you in making the very best decision. College beauty contests shouldn't be encouraged.

Achieving Objectives Through Time Management - Free Essay Example

Sample details Pages: 4 Words: 1266 Downloads: 4 Date added: 2019/05/29 Category Management Essay Level High school Tags: Time Management Essay Did you like this example? Are you a to-do list-maker? If yes, congratulations. Read on to become a To-Do List-MakingMaestro. If no, you likely will be after reading about ourNo-Stress No-Tech Super Time Management Tool, aspecial professional way of creating to-do lists. Don’t waste time! Our writers will create an original "Achieving Objectives Through Time Management" essay for you Create order Our previous post detailed the essential steps. We learned that the No-Stress No-Tech Super Time Management Tool is like a partner that keeps you on target and accountable, realistic and thorough. You accomplish your tasks and you meet your goals. With this special approach to your to-do list, you always know where you are, where you are going, and when youwill get there. Hows that for stress relief? If you have not had the opportunity to read the previous post, do check it out. In this post, the last in our series onprofessional time management , we are going zero in on 5 executive level tips to make sure the No-Stress No-Tech Super Time Management Tool is effective for you. These Executive Tips will streamline your lists. Follow them and you will get maximumlife hackingbenefits from your to-do listmaking. Executive Tips for the To-Do List-Making Maestro Exec Tip 1: Keep Lists Simple Short Strive to make your Main To-Do List, Day List and Future Listshort and concise. I understand your probable plight: So much to do, so little time . So, initially, your to-do lists may be lengthy and complex. However, long, detailed to-do lists can discourage and demotivate you from tackling the individual items. I find about 20 items to be manageable and doable. As you draw up your lists, youll refine your skills of prioritizing tasks and streamlining your lists. You might even delegate some tasks to others. Soon youll discover your to-do lists and your life itself can be much simpler. Bonus: Less stress. So, remember the KISS tip: Keep It Simple and Short. Remember: Listing things wont make you a good time manager. Keep taking action on your to-dos and update your lists as necessary. Ban any procrastination! . Procrastination leads to abandonment, which lands you back to square one! Your To-Do list is a terrific time management tool to help you manage your time so that you take actio n with direction. View it as a virtual companion and be sure you keep it current and active. Exec Tip 2: Be Specific on the Action Generalities keep your tasks at a distance. Chunk them down to specifics. Then use verbs to direct yourself to get the tasks done. Example: Instead of saying,Oral presentation, say Write notecards for oral presentation. David Allen explains in his book,Getting Things Done,that projects are not tasks; projects are collections of tasks. So, chunk down your projects into action steps that you can accomplish. A seemingly insurmountable project is simply the sum of its very doable parts. Exec Tip 3:Skip Commonplace Activities A to-do list is actually a way to manage your time when additional activities begin to accumulate. With this in mind, dont bother adding routines like eat breakfast or drive to work. They do take time but theyre already built into your schedule. So, its actually counterproductive and time-consuming to crowd your list with them. Instead, focus on upcoming tasks that require more than the usual time for your tasks. Example:Clear desktop clutter orGo to dentist appointment. Exec Tip 4: Hammer the Hard Tasks First Some time managers believe in starting their day with easy work to get themselves moving. Any time I tried this, it yielded negative results: Not a great sense of accomplishment and little time or energy left for the more difficult tasks. In addition, getting back on track was challenging because the remaining items on the to-do list required a lot of time and problem-solving. You can avoid this scenario completely by balancing tough tasks and easy tasks. The first thing you should try to accomplish in your day, when your energy is high, is a difficult or time-consuming task that you are prepared to tackle. Keep working on the difficult task until youve completed all of it or at least 50% of it. This will gratify you with achieving your goal for this one difficult task. As a rule of thumb, do the difficult first and reward yourself with the easy. Put this in side boxSide tip on time: Dont let yourself start on a task, only to leave it a few minutes later because itrs difficult. The m ore difficult the task, the more time you need to accomplish it. So, be fair to yourself: Schedule your tasks within reasonable, workable time frames. Image source? Exec Tip 5: Be Flexible and Adaptable Flexibility is the most important trait that you can develop when managing your time. If you are too hard on yourself and inflexible with your schedule, you may feel overwhelmed with the demands you put on yourself. You can avoid this unnecessary frustration. You know yourself better than anyone else on the planet. Be mindful of how you feel and what youre thinking when youre planning the days ahead. Its okay to make adjustments as necessary. Take pride in steady progress and your completion of any task. Exec Tip 6: Work with Your Organic Schedule Every individual has a unique organic or natural working schedule. Morning people feel pumped up to work right after breakfast. Other individuals are most efficient accomplishing their tasks right after lunch. Night people like me work best in the hours before and after midnight. Your prime working time, unique to your inner clock, is the time to schedule your challenging work. Schedule your most difficult tasks to coincide with your wave of productivity. Reserve your easier tasks for the times of the day when your energy tends to be lower. Understandable: Some people might not have the option to move their work around. How to remedy no-option time constraints: Schedule rest gaps between the difficult tasks. These recovery periods will help you function better. The Takeaway: Your list is a most important component of Time Management Best Practices. It should be your daily companion. Make your lists short and uncluttered by routines. Schedule the difficult first but be kind to yourself: Set your schedule for the tasks you feel you can accomplish and the times you are at your best to accomplish them. Remember: Listing things wont make you a good time manager. Keep taking action on your to-dos and update your lists as necessary. Ban any procrastination! . Procrastination leads to abandonment, which lands you back to square one! Your To-Do list is a terrific time management tool to help you manage your time so that you take action with direction. View it as a virtual companion and be sure you keep it current and active. This 3-part series on Time Management focused on time as your most important resource. The techniques are customized for you and by you. If you follow the practical steps in these 3 posts, you will are bound to enjoy greater organization in your life, confidence in your capabilities to get things done, and considerable relief from stress. You have learned techniques and tools to personalize your time management. If you have implemented the techniques already, then you have inventoried and adjusted your present use of time (Part 1). You have or soon will have created the No-Stress No-Tech Super Time Management Too a special approach to your to-do list for surefire effectiveness (Part 2). Finally, you will have fine-tuned your to-do list with five high-level Executive Tips (Part 3) on-pagejump. These Time Management techniques work. Tell us in the Comment box below if they have helped you. Wed love to hear of any of your own techniques that work for you.