The weakness of Kudler Fine Foods is that an IPO (Initial Public Offering) has many inherent and potential weaknesses that must be examined prior to selection as a means for expansion. An IPO is the first sale of stock by a company. There are many advantages and disadvantages for the Kudler Fine Foods to go public through the IPO. The advantages include generating more capital needed to expand their three locations The IPOs are very expensive undertaking, and a large portion of any capital acquired will be lost to this cost. Because the company must produce all financial information to the SEC many businesses find it to be very stressful and time consuming which takes time and money away from a company that is thriving like Kudler Fine Foods.
Reference libraries consist of a database populated with company specific policies and procedures in addition to authoritative audit, tax, and consulting rules. Having this database accessible by the web or CD saves the auditor time thereby increasing productivity. Last, document management is made easy with audit productivity software. An auditor can store documents such as
Their funds were being cut drastically while at around the same time of these budget cuts a huge scientific discovery took place which would make huge news. Their problem was that would need to have more money in order to further their research and perhaps elaborate on the discovery that they had made. With a huge budget cut that would not be possible. BNL needed to be able to announce their huge discovery to the public without the appearance of this
As Sainsbury's have a hierarchical structure they are most likely to lose a lot of money because for the marketing and research and development departments to carry out their functions they would need funding from the finance department. For this information to get to the finance department a lot of time would have been wasted and also for the finance department to reply to them, all this would cost them a lot of money. Advantages of Sainsbury's is that the power they have would be successful for the business as when work is being done the communication of the workers together when given commands from the manager and having to work better for the manager to impress them in order for more work to be done and at a more well-organized rate then if there was no pressure from the manager. Disadvantages would be that the workers would start to get stressed from having to complete the workload at too fast a pace for them to work at all times that they will start to work less and dislike there job and some days may not want to work as they are stressed to do work which is too much for them to cope as they are trying too hard to impress, this could lead to employees wanting to quit their job. Advantages are that when having to complete work set out by the manager to the employees it can be done efficiently so that the manager will be able to assess the employee and they could get a promotion to a higher part of their job.
In relation to your current business environment (or one that you are familiar with), identify at least two different types of information technology that may be used when completing work tasks. Types of information technology: Hardware: computers, telecommunications systems, printers and bespoke hardware; software: Spreadsheets, Word, PowerPoint, social media, websites, databases, accounting, email, calendars and bespoke software. 2. What are the benefits to businesses (and others) of using information technology for doing work tasks? Benefits of using information technology for work tasks: Including: reduced time scales, automated tasks are less labour intensive, greater compatibility with other organisations/ departments, reductions in cost/ paper waste, standardisation allows for professional image, greater geographical reach of business, information more readily available/ easier to archive, Spreadsheets provide accurate calculations etc Section 2 – Understand how to manage electronic and paper-based information 1.
By designing computer systems that can be added on to with new technology can be initially more expensive than the traditional design way of building a system that will be obsolete because it does not have room and provisions for future new technology hardware and or new technology hardware compatibility issues. The new design approach may be more expensive when first created, but because this new system can be upgraded and evolve, will save the company money in the long run as it will have a longer projected life cycle. The other challenge the IT department will have is at the software level such as, operating systems and computer system applications compatibility issues. Because not all company’s and businesses IT Systems are the same or have not been upgraded at the same time. Operating systems in some cases such as Microsoft Windows XP, VISTA, and Windows 7 are still in use are an area of concern.
Indexes, dictionaries, encyclopedias, and handbooks are easily located in libraries and via online catalogs. In addition, researchers can easily access United States government census reports. The most reliable and valid form of secondary data is derived from government sources. Secondary data is less expensive to access compared to primary data. Primary data requires management of marketing, financial, operations, and human resource databases.
Secondary Research is when the data and information has already been collected. This helps businesses because it’s an easy and quick process of gathering the information/ data. The advantage of secondary research is that the information is easy to access and it’s a low cost process. A problem that occurs is the information may not be specific to the business purpose
By incorporating upgrades to the information system, these goals will be attainable with less time and effort than is currently demanded. Organizing all systems within the club and making those systems user-friendly, easy to access, and easy to manage will provide timely information that can be used by the owners to make decisions that will move them toward their goals. It will also allow the owners to access all aspects of the business from anywhere at any time in such a way that is easy to understand, use, and gather for the purposes
Target is also a discount store, but they offer a different spin. They are more focused on the style. Target’s corporate strategy is one that has changed little over the years: to provide high-quality, stylishly designed items plus all the essentials for life, displayed in a clean, organized and welcoming environment. Target’s size is most beneficial because they can cater their services and products to change with trends more quickly and at prices that are affordable to the customer. Target appears to run on a functional organizational structure.