The Key Departments Of A Business - 1332 Words

The key departments of a business. Introduction The key departments of a business are human resources, finance, operations, production, marketing and sales. These departments need careful research to build strong foundations for a business to grow and thrive on. There are many research sources that can help businesses get a better understanding of what these departments are, what they can do and how they can help the business to grow. The aim of this report is to give valuable information on how to access the resources needed to help with successful research and how to identify sources that are credible as opposed to those sources that are not. For example, there could be two similar looking websites but one is less credible than the other or a book that has not been revised or updated therefor out of date. Method When researching the different departments of business it is a good idea to separate each department into individual functions and research them individually. A Mind Map is a great way of making notes and keeping the mind focused on the chosen department. The Ultimate book of Mind Maps, Tony Buzan (2012:p6) states: â€Å"A Mind Map is the ultimate organizational thinking tool – the Swiss army Knife of the brain! A Mind Map is the easiest way to put information into your brain and to take information out of your brain – it’s a creative and effective means ofShow MoreRelatedThe Key Departments Of The Business1529 Words   |  7 PagesBusinesses have numerous key departments which keep the structure running appropriately and supports the business to build and embellish in all worldwide markets. This report will consider what the key departments do for the business, in addition, this report will enlighten the research procedure used and significant complications which have been encountered throughout. Key departments within businesses Departments in businesses all partake in important roles, departments such as human resourcesRead MoreThe Key Departments Of The Business1529 Words   |  7 PagesBusinesses have numerous key departments which keep the structure running appropriately and supports the business to build and embellish in all worldwide markets. This report will consider what the key departments do for the business, in addition, this report will enlighten the research procedure used and significant complications which have been encountered throughout. Key departments within businesses Departments in businesses all partake in important roles, departments such as human resourcesRead MoreOracle Databases Essay1554 Words   |  7 PagesOracle applications. It is a new challenge to both CNS and our clients. We journey up the learning curve together and over the trial-and-error hurdles. Each day offers a new opportunity to understand another concept or process. Some faculties and departments are already using Oracle applications in their day-to-day operations. As time goes by, more and more information users will be working with an application based on Oracle database technology. If you get the opportunity to be a member of an applicationRead MoreEasygroup Case Study1746 Words   |  7 Pagesbeen asked to conduct a training needs analysis of a selected organisation and present this in a formal report. To do this you will need to select a business that you are familiar with, either one you work in or you have knowledge of. Terms of Reference I have been asked to conduct a training needs analysis of Easy Group Plc Background to the business: The easyGroup is the private investment vehicle of Stelios, the serial entrepreneur. The easyGroup is the owner of the easy brand and licenses itRead MoreThe Key Role Of Finance1408 Words   |  6 PagesThe key role of finance in any business is to manage money; whether it be raising capital through share capital and bank loans, raising credit (short-term capital), or handling the costs of the business. Without finance, a business would not function, as quoted by (Griffin, 2015); ‘Money is the lifeblood of a business and finance is the nerve center’. Key activities of the finance department: Firstly, one of the key activities of the finance department is to maintain a check on the costs/outgoingsRead MoreEssay on Analysis of Maxtrade Case1567 Words   |  7 PagesMaxTrade seems to have lost any IT strategy it once had. They have a fractured IT department that has been mismanaged and has no direction. There are so many problems that it would seem difficult to grab a handle and get the IT department back on track. Fortunately the situation is so bad the temporary CIO can work on a blank slate to organize, prioritize, develop and lead the department. Getting the department on the right track includes the following next steps: Strategy- Decide on an ITRead MoreDesigning A Global Financial Trading Firm1131 Words   |  5 Pagesdistinguish the key issues for managing the innovation. And analyze its impact in the organization. â€Æ' Through global innovation GMAFinance wants to provide commercial lending and leasing services to general public. The only way for that to successfully happen the company must be extremely organized with the innovative process. Beginning a business is a process. The process can be considered tedious and is certainly challenging. However, a strong system that approaches every key role in an organizedRead MoreCharter776 Words   |  4 Pages |Communications, Policy, Healthy Workplace Advisory group, | | | |Attraction Retention working group | |2.0 Business reasons for project | |Improve government’s ability to attract and recruit high quality candidates and to compete more effectivelyRead MoreProduction Supervisor1018 Words   |  5 PagesKRA (Key Responsibility Area/Key Results Area): â€Å"Key Result Areas† or KRAs refer to general areas of outcomes or outputs for which the department’s role is responsible. A typical role targets three to five KRA. Value of KRAs: Identifying KRAs helps individuals:  · Clarify their roles  · Align their roles to the organisation’s business or strategic plan  · Focus on results rather than activities  · Communicate their role’s purposes to others  · Set goals and objectives  · Prioritize their activitiesRead MoreThe Importance Of A Good Human Resource Department1748 Words   |  7 PagesA good human resource department is essential to any successful businesses in today’s society. Before human resource managers were seen as people who deal with employee disputes and little more, now this is just one small part of their role to organisations. Human resource is a huge department for reasons as being a key planner in helping company’s employee performances. In this essay I will be exploring the different types of personnel management that is used, assessing the roles of human resource

Video Game Industry Overview - 1431 Words

Video Game Industry Overview John Huddle 25 October 2014 Video Game Industry Overview Video game console industry is tasked with development, publication, manufacture and distribution and sells the electronic devices for games, accessories and software. The number of pixel and image contained determined traditionally gaming devices. The current development brings about 3g polygon imagery that has been pioneered by Silicon graphics institute. The industry is segmented into two different sectors with the first being the software sector which constitutes the games themselves and the second is the infrastructure and the technology that is needed to support the playing of the games. These sectors make the game industry. The†¦show more content†¦The upstream market undertakes mostly the manufacturing of hardware and development of software. There are mainly four vendors in the manufacturing of hardware and these are consoles, personal computers and mobiles. The mobile is viewed as the market of the future though v ery small (Egenfeldt, 2013). The console market is very significant and Microsoft, Nintendo and Sony dominate it. The software is developed in-house by third party contractors and is owned directly by publishers. They have less autonomy but enjoy security. The downstream segment consists of distribution, both software and hardware. Software distribution is organized by publishers who must obtain licenses and for the authority to sell games pertaining to a particular console and must pay the manufacture some royalties for each game sold. Microsoft has its own publisher and it is the only player that integrates the three functions of software development, hard ware manufacturing and software publishing. United States is the industry leader followed by Japan and then in the third place is France. The distribution has been organized by the manufactures through local and regional subsidiaries that will pass their products to retailers. The three major markets for the consoles are North America, Asia and Europe, though Europe has a strong downstream position with small importance in upstream activities (Zachariasson, 2012). There are high barriers

Jc Penny free essay sample

This is not the first time that this company has been faced with adversity. The first time was in the 1960’s when shopping went from downtown locations to more uptown locations in malls. The company transitioned to mall locations to cope with the change. This time the change did not come easy to the company. In fact this change has cost the company millions. This time JC Penney’s was faced with a challenge that they wanted to change. They wanted to transition the public’s perception of them. They no longer wanted to be viewed as an old fashioned department store. The company no longer wanted sales or clearance racks. They wanted to change the whole retail climate. They called it fair and square pricing (Baskin, 2013). This came off a lot like Wal-Mart’s always low prices campaign. This sounds like a great idea to me. However, it failed for many reasons. The main reason because it was confusing to consumers. While the other main reason being poor marketing. Many people sat in anticipation of this new campaign by JCPenney’s. There were just as many supporters in the beginning as well. When I heard of this I thought of an upscale Wal-Mart. Low prices I do not have to shop for sales anymore because these should be low prices every day. However, very shortly after this I found myself not shopping there at all. Consumers want a deal, and they do not feel that deal when they shop there anymore. It is the thrill of the hunt for consumers. Not only that but the sales ad and clearance racks used to change. They are no longer changing prices so there is no need to go daily, weekly, or even monthly. Customers may check there as a way to show case, but they are not buying. Without the sales and without the sale advertisements the company is not bringing in nearly the amount of people that were coming into the store to score the best deal. Next the advertisements they are sending out are worded poorly. They are no longer doing sales but they do mail out what they called month long value. Customers did not understand the wording of it. It was never broken down for them. Ideally they had sales, but they were not called the standard name. Therefore, customers missed out on them and they were not bringing in the clientele like a â€Å"sale† probably would have. They were not able to embrace JC Penney’s new tactic. Another problem with this campaign is that the average consumer does not know what the clothing costs. Therefore they think it should be or could be marked down. They have no idea if they were getting a good deal or not. Again the thrill of the hunt is gone, and still makes the customers confused. It was confusing to customers and that means there is a problem in marketing. When a place makes changes that could potentially be confusing marketing is the key. However, there advertisements were so irreverent that they made even less sense to begin with. They came up with a campaign after their numbers dropped called â€Å"do the math. † It was supposed to show how much easier it is to just get a low price in the beginning rather than use a coupon. This action failed for the company. The CEO Ron Johnson came out and reported later that â€Å"it was confusing† to some of their consumers (Baskin, 2013). It’s no wonder that they lost customers. They did not target other competitors about their prices just what the company was trying to do. Last but not least they attempted to open little stores inside their stores. It was a Martha Stewart collection like IKEA. Even that failed because Martha Stewart was not able to put her name on it, because she was still in litigation over her brand. So, it was still branded as JC Penney’s. Not that the name would have made much difference, but it was not thoroughly hought out within the company. Also, this is not a new tactic stores have been doing this for years. The renovation of the stores to add in this small store was costly. It has cost the company millions of dollars. It has depleted their cash, and has also caused their credit rating to drop (Baskin, 2013). This was a costly decision to make when sale s were already down. Here is the largest problem that they had they wanted become a high end store in a low end economy. If I were the CEO of JC Penney I would make quite a few changes. My first change would have been to go back to traditional wording for now. These are the words that customers are the most familiar with. I understand that some companies like to do all their changes at once because it is cheaper. However, when you are changing familiar terms it is wise to do it slowly. Or at least explain it as thoroughly as possible. Change is needed as a society, but no one likes change, because of this I feel that they should be done slowly and over a period of time. I would also have changed the price tags on their merchandise. In order to make someone feel like they are getting a deal I would change how they were priced. I would put a suggested retail price and then put â€Å"our† price on the label. This would appear to customers that they were getting a deal. Sales are because the prices are higher than what they need to be. The advertising is all about â€Å"trickery† to pull people in. In reality they were still doing sales but they were not called sales, and people did not buy into it. By changing the price tags on the items the customers are still getting the thrill of the buy. They can see what their item is going for at their competitor’s location, and impulse buy. This helps eliminate â€Å"showroom† shopping. Or leaving to check their prices somewhere else. If it is a matter of a few dollars they will not go back to purchase. However, if they can see the deal they will buy. Instead of focusing on expanding a business inside of an already expanding business I would have spent the money elsewhere. Imagine if they could have established new rules for buyers. Gone back to JC Penney’s original roots and prove their claims. It could have created new financing and lay-away policies that communicated value, and used social media to create meaningful communities of consumers who wanted to track and participate in conversations about prices. Employees could have been recruited and trained to offer a fundamentally new customer experience based on integrity. They could have changed the way Americans shop and feel they should stop. I would not have wasted money on an advertisement that was bewildering. I would have spent money marketing on calling competitors out on their prices. Sharing the news on how Penney’s was changing. How they were forward looking. Instead of making confusing ads with no sales just to avoid the word sale I wouldn’t have tried to stay away from it. Since they were still doing sales but not doing sales on certain items. Limiting the sales options were not the problem the problem was using unfamiliar wording. Measuring some of these techniques could be hard to do. Going back to traditional wording would be one way that is hard to track. However, I believe it would go hand in hand with how you would track the new price tags. That would be sales. With these new changes and advertisements I would think that sales would increase. I would not look at the actual accounting book but do a twelve month comparison on the sales on each individual store. This is time consuming and costly but I think it is the only way to see how each store is doing in comparison to how they were doing the previous month and year. During high sale times I would make sure I would have as much staff as possible on the floor to assist our customers. Maybe they do not need help but a casual conversation can lead into why they came into this department store and not the one across the way. Along with this I would like to institute team meetings once a week where department heads meet with their front line employees on all shifts. To find out their ideas and where they are hearing concerns are. Then I would have them write them up and do a teleconference with each store head to hear these ideas, questions, or concerns. I feel this is an open door policy. I would also include suggestion boxes not only in the store, but in the break room for employees so they could bring these up anonymously if they felt the need to. Also, I would work on getting the contact information to employees for everyone in charge. Change can happen and many great ideas come from the front line, because they see and do it every day. However, their voices are not often heard. To measure the effectiveness of advertising I would do a few things. I would add a survey at the end of their receipt to figure out what they thought about the advertisement. I would also add a quick questionnaire in the store that the customer could fill out. I would also make it known that there is a number they can call at any time with questions. I would make it so that they could be heard with questions and concerns. Before I launched a campaign I would have a test market so that we could see what people could recall from the add, as well as find out if there was any confusion on what may have been advertised. The sales would play a large part also in whether it was an effective campaign. A company that has been operating for 100 years is struggling. JC Penney ’s was once a fashion icon to children, young adults, and teens. Beginning in 1913 it currently operates over 1000 stores. Growing up my sister and I waited to go through their catalogue. However, in the last few years something has changed. The company didn’t look far enough ahead to the future to predict these changes. They tried to become a higher end boutique like store in an economy that could not support it. Poor marketing and too many changes has made this one booming store one of the top ten stores that are predicted to be out of business in the next year. Works Cited Baskin, J. (2013, January 2). Lessons From JC Penneys Doomed Marketing Makeover. Retrieved May 12, 2013 , from Forbes: http://www. forbes. com/sites/jonathansalembaskin/2013/01/02/lessons-from-j-c-penneys-doomed-marketing-makeover/ Tuttle, B. (2012, June 19). More Troubles for JCPenney: Top Executive Departs Amid Sales Slump. Retrieved May 12, 2013, from Time Magazine: http://business. time. com/2012/06/19/more-troubles-for-jcpenney-top-executive-departs-amid-sales-slump/

Welfare Essays (1769 words) - Welfare Economics, Public Economics

Welfare On October 29, 1929, the stock market crashed. The crash sent a shock-wave throughout the economy. Banks failed. Businesses closed. Millions found themselves out of work. The Great Depression, which would last through the 1930s, had begun. [Bill of Rights in Action, Welfare, 1998 pg. 1 paragraph 1] When the Great Depression began, about 18 million elderly, disabled, and single mothers with children already lived at a bare existent level in the United States. State and local governments together with private charities helped these people. By 1933, another 13 million Americans had been thrown out of work. Suddenly, state and local governments and charities could no longer provide even minimum assistance for all those in need. Food riots broke out. [Bill of Rights in Action, Welfare, 1998 pg. 1 paragraph 2] The effects of the Depression on poor children was severe. President Franklin D. Roosevelt focused mainly on creating jobs for the masses of unemployed workers, he also backed the idea of federal aid for poor children and other dependent persons. By 1935, a national welfare system had been established for the first time in American history. A Federal welfare system was a radical break from the past. Americans had always prided themselves on having a strong sense of individualism and self-reliance. Many believed that those who couldnt take care of themselves were to be blamed for their own misfortunes. [Bill of Rights in Action, Welfare, 1998 pg. 2 paragraph 5-6] In 1909, President Theodore Roosevelt called a White House conference on how to deal with the problem of poor single mothers and their children. The conference declared that preserving the family in the home was preferable to placing the poor in institutions, which were widely criticized as costly failures. The emphasis during the first two years of President Franklin Roosevelts New Deal was to provide work relief for the millions of unemployed Americans. [Bill of Rights in Action, Welfare, 1998 pg. 3 paragraph 1 & 5] By expanding federal responsibility for the security of all Americans, Roosevelt believed that the necessity for government make-work employment and other forms of Depression relief would disappear. In his address before Congress, Roosevelt argued that the continuation of government relief would disappear. In his address before Congress, Roosevelt also argued that the continuation of government relief programs was a bad thing for the country. [Bill of Rights in Action, Welfare, 1998 pg. 3 paragraph 7] In addition to old-age pensions and unemployment insurance, the Social Security Act established a national welfare system. Additional federal welfare aid was provided to destitute old people, the needy blind, and crippled children. Although financed partly by federal tax money, the states could still set their own eligibility requirements and benefit levels. The need for federal aid to dependent children and poor old people would gradually disappear as employment improved and those over 65 began to collect Social Security pensions. [Bill of Rights in Action, Welfare, 1998 pg. 4 paragraph 1,2,3] Since the Great Depression, the national welfare system expanded both in courage and federal regulations. From its beginning, the system drew critics. Some complained that the system did not do enough to get people to work. Others simply believed the federal government should not administer a welfare system. As the system grew, so did criticism of it, especially in the 1980s and 90s. Aid to Families with Dependent Children had drawn the greatest criticism. By the 1990s, AFDC supported 15% of all U.S. children. In most cases, these Children lived at home and were cared for by a single parent, usually the mother, who otherwise did not work. This situation brought on complaints that welfare let able-bodied adults avoid work and become dependent on government handouts. Some of those criticizing AFDC were recipients themselves, 70% of whom collected a welfare check for less than two years. For many of these people, going on welfare was a humiliating experience of struggling through a maze of bureaucratic rules in order to feed, clothe, and house themselves and their children. [Bill of Rights in Action, Welfare, 1998 pg. 4,5 paragraph 4,11] In 1992, Bill Clinton, ran for president promising to end welfare as we know it In August 1996, after 18 months of