Businesses get their worth from how they serve their customers. This will establish the accomplishments of the company. Those individuals who work for the business must be willing to serve. How well employees serve customers verifies the importance of the business. When we execute this, we believe God to meet our desires because we put the needs of others first.
For example, a new legislation or a regulatory change of policies from the government will affect business activities. Social factors relate to changes in the behaviour, tastes and lifestyles of communities on a local, national and international scale. In a business, it is important for the marketing department to take account of the various social characteristics of the consumer groups for their target market. Legal factors relate to the laws, regulations and legislations which affect the way a business functions. For example, common law for business balance prohibits paying a little and getting a lot.
b) Explain why you should respond positively to changes in products or services. It is important to respond positively to changes in products or services because it is likely it will increase your business turnover. A company will want to review its services and products so that it keeps up to date with the expectations of its customers. This will ensure the company can stay competitive and meet its targets and objectives. c) Identify ways of responding positively to
We believe in fostering the creativity in all of our employees so that they can produce JAJ quality services at the first hello with our customers. Attitude reflects leadership and our customers will feel important and involved with their specific project with us. JAJ Profession Services has a basic business model and as we continue to grow we will evolve to become a stronger better steering business. Marketing is significant to getting our services sold and utilized; we target the specific needs of each individual client. Our customers will get exactly what they want and we will not waist resources.
(www.sainsburys.co.uk) 1. B. Explain a few various marketing concepts and evaluate the cost and benefits of adopting marketing orientation in your organization. To improve a good marketing and to have a orientation every company is using their marketing orientation: Product orientation of marketing is focuses on high quality products to satisfy the customers’ wants and needs. Production orientation is a business orientation who believes in reduction costs through mass production which will reduce costs and maximise profits.
2. What 3 “moral languages” does Thomas Donaldson believe should guide MNC’s is creating ethical standards and why? Multinational companies should be guided by the three moral languages of avoiding harm, rights and duties, and the social contract. Multinationals should engage in business practices that avoid negative consequences to their stakeholders. While multinationals retain basic rights (i.e.
Knowledge Questions Unit CU681 Improve Own Performance in a Business Environment Outcome 1 - Understand how to improve own performance 1. Explain the purpose and benefits of continuously improving performance at work The purpose of improving performance at work is to gain new or extended knowledge which can be helpful toward improving the quality of work you do. If you want to progress in your job e.g. promotions etc. constantly improving how you work is not only good for gaining knowledge but for your own self-worth and confidence and how other people perceive you e.g.
The strategic plan will help provide better, more targeted service to its clients and will be more specific on how the company will go about achieving company goals. The strategic plan will help Riordan’s executives understand the company’s direction by reviewing past progress and making changes to improve and grow. The strategic plan is an organizational tool that will help keep Riordan on track to meet growth and financial objectives. Need for a Strategic Plan Successful businesses are effective at identifying opportunities for growth and ensuring every manager has the same goals. For Riordan to further strengthen their strategic plan, they can develop a financial model based on their income and cost assumptions they would anticipate under the plan (Mikrut, 2010).
This will improve and impact the businesses activities as businesses will have more skilled and efficient workers than can maybe help with more activities and aims to help them achieve their purpose. Providing organisations to support other businesses is a way to support and increase recognition of the businesses. Most businesses having follow-on businesses or businesses they may have been in business together as they both have the same aim or support the same kind of thing. The government do a lot to support businesses for example if businesses want to start up, or a very well-known and profitable business wants to move around and open up a new store; the government will lend out a grant to pay for the store. However, the government generally hand out grants to businesses that
Employers want engaged employees because they deliver improved business performance. The aim of this report is to consider the approach that Nazareth Care has in this one area of Personnel Management, this being staff engagement and how we as an organisation can retain our good staff and keep them engaged