Saturday, February 22, 2020

Summary of skills edit Essay Example | Topics and Well Written Essays - 750 words

Summary of skills edit - Essay Example We conducted research from various books and websites for examples on how to correctly specify the requirements. By so doing, applicants will apply based on the requirements of the job. 4. SWOT analysis: We did extensive research into the strengths, weaknesses, opportunities and threats facing our company. Concerns arose on how each item would be allocated a bracket in the list. After careful review of existing literature, we came to a conclusion that all the necessary information was correct. 5. PESTLE analysis: PESTLE Analysis was critical in identifying which external forces can enhance or limit our business. The PESTLE analysis was an interesting topic as it raised further issues and our attention to the policies that we had to abide by. 6. Making a spreadsheet: The spreadsheet was very simple to create considering the resources that have been given to us. We broke down the schedule into months in order to assess the financial requirement to run our business. Overall, the experience of working in a team was fruitful. The experience improved my communication skills and ability to work in the team. In fact, the experience offered more knowledge and experienced than I imagined. First, we split the work between team members in order to keep a strict adherence to the schedule and to make sure everyone was following the original plan. Then, all member completed their parts and documented all the progress. We compiled the work to assess the progress. We noticed that most of the work did not match because of differences in referencing. We had to reassign the work for a redo, and this time taking all necessary precautions. Luckily, the strategy worked in the end. Everyone was professional, active and responsible. I have learned so much from this assignment, and the outcome was very satisfying for me. Despite the success of the assignment, time

Thursday, February 6, 2020

Business information analysis Case Study Example | Topics and Well Written Essays - 3500 words

Business information analysis - Case Study Example Secondly, this process also ensures that once a business is established, it begins to operate immediately. This owes to the fact that the business is operating under the umbrella of another established and reputable company. However, it is imperative to note that just because a company operates as a franchisee does not necessarily mean that it will have increased sales. This is despite the reduced cost of operation and better market environment. There are various other factors, which should be considered in ensuring that the company makes more profits. They include issues of prices and quality. With customers being so sensitive on matters of prices, it would be imperative that a given business enterprise considers being a price leader. This is a competitive advantage especially where the business is facing a lot of competition. Market research is vital for the purpose of understanding the tastes and preferences of the customers. This ensures that the company provides the required goo ds to the market. Qualitative and quantitative researches ensure that the companies conduct an objective marketing research that addressing the needs in the market. Task 1 Every business aims at obtaining accurate and valid evidence about the target customers. This becomes imperative owing to the fact that there is need to ensure that the business meets the actual needs of the customers (Berghoff 2012, p.90). the latter differ in terms of tastes and preferences making it difficult for the businesses organizations, to respond to their need. The current case of Kidz Sportz is therefore not an isolated one, but a reflection of the market challenges that many companies go through. The company is said to have received more than 100,000 new children who require different equipment and services. However, the management grapples with the issue of lack of enough knowledge on the tastes and preferences of these children. Unless something is done urgently, the company will not be able to provi de objective services to this large number of clients. To assist in solving the stated challenge, the following recommendations are vital: Conducting a market research This is explained as the process through which a company with the assistant of qualified market research team obtains information about the needs, attitudes and motivations of the customers, for the purpose of serving them in the best way possible (Boudreaux 2000, p.3). It is also a way of establishing what the customers know about the market, to enable a company to plan in terms of prices. It is imperative to note that the world of business has become increasingly competitive, prompting management to implement new strategies for success. This information provides a given company with competitive advantage over its main rivals (Bradley 2007, p.89). Secondly, it is a strategy through which the company is able to attract and also retain the customers to the advantage of a given business institution. A market research is also advantageous in the sense that it provides the company with the market size. In the above scenario, the number stands at 100,000 children. This enables the company in its logistical work. For instance, it is able to know the number of equipment and space needed to accommodate all the children. However, the market research is a process that requires funds and qualified personnel. To receive the information needed, both the qualitative and quantitative techniques become important. The Kidz Sportz for instance should carry out its qualitative and