I have been asked to produce a detailed business report of boots plc. My report will contain:
The objectives, organisational structure and communication channels that operate within the business.
An examination of how these factors interrelates in a way that can affect the success of the business.
An explanation of how quality assurance and control systems help the business to add value to its products.
Consideration of alternative methods of quality assurance and control.
Consideration of how well the business is meeting its objectives
An explanation of the impact of ICT upon the internal and external communications of the business.
E1 the classification of the business according to its ownership and an explanation of
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Disadvantages of a private limited company are that profits have to be shared out between the shareholders and they are more expensive to set up.
Public limited company Plc
A public limited company sells their shares through the stock exchange. Companies can have a full quotation ' put ton the stock exchange so their share prices appear on the dealers ' screens. The main advantage of selling shares on the stock exchange is that large amounts of capital can be raised very quickly. A disadvantage is that a business can be taken over if a large amount of shares are bought in a take-over bid. It also costs a lot to have shares quoted on the stock exchange.
To create a public limited company, the directors must apply to the stock exchange council, which will check their accounts.
The business which wants to go public ' will then have to arrange for one of the merchant banks to handle their paperwork. Selling new shares is quite risky as the stock exchange has good and bad days where people want to buy lots of shares or sell lots of shares. You have to be very careful when you set your business up as if it is done on a bad day where people want to sell their shares they may not be able to sell all their shares so it is all about luck.
A way round this problem is to arrange a placing ' with a merchant bank. The bank will then recommend the company 's to some of the share buying institutions which it deals with such a pensions funds and
Non-employee family members shouldn’t be represented in this process, because it is a family business and only family members hold share.No sign shows this company wants to go public
Advantages- Less liability for stakeholders. Ability to raise funds/capital in the form of stocks as needed.
The ownership of Tesco PLC is being a public limited company where a business is large and well-known which is what Tesco PLC is. This is a chain of retailers with some sort of branch in city centres. Being a public limited company means that shares are traded on the stock exchange which is where businesses such as Tesco PLC shares are traded on a centralised market. Shares from public limited companies such as Tesco PLC are offered to the public. Furthermore, shares are sold publicly to anyone.
Downsides to being a public limited company is that there will be greater access to the company’s financial performance and actions which loses abut of the businesses privacy. The value of the company will be determined by financial markets through the trading of the company’s shares.
Proprietorships have three advantages: they are easy and inexpensive to form, subject to few regulations, and no corporate income taxes. The disadvantages are difficult to raise capital, unlimited liability and limited life. Partnership are similar to proprietorships in that they can be stablished relatively easily and inexpensively. The partners are generally subject to unlimited personal liability, this makes it difficult for partnerships to raise large amount of capital. Corporation also have unlimited lives, and easy transfer of ownership, limited liability and ease of raising capital to operate larger businesses. The disadvantages are double taxation, the corporation’s earnings are taxed; and then when its after-tax earnings are paid out as dividends, those earnings are taxed again as personal income to the stockholders. Limited liability reduces the risks endure by investors; and other things held constant, the lower the firm’s risk, the higher its
A public company in the multimedia industry sells their business shares on the ASX publically. By selling shares on the ASX, the business can have more access to capital and has the financial support of more business owners. Shareholders however don’t usually have any say in the business operations.
Public limited company: a public limited company has to be registered before it starts trading. The owners of a public limited company are its shareholders; which are the people who have an interest in that specific business and decide to invest in it and start operating, and has part of the shares of the business. A public company has to start off as a private company and when it reaches a certain turnover, it can be turned into a public limited company. In order to be a shareholder in a business, you have to invest a minimum of £50.000, which is required. Each shareholder has a say in the business and they are able to share their ideas when they attend an AGM (Annual General Meeting) every year. The reports of the business are being presented during the meeting, where they discuss about different ideas of how to improve their ways of operating and how the business is doing. A public business is registered in the stock exchange and could be able to buy or sell shares, but it
As employees of an organization we are required to ensure the welfare of the same at all times. Sometimes we see and analyze certain processes carried out and it is understood that there is any way in which these processes can be improved. It happens that we are not prepared to report that such changes are needed for reasons that are varied. There are positions in companies that are responsible for ensuring that all processes, products and services offered comply fully with the expectations of customers. The so-called "quality controls" are the order of the day in different industries thus minimizing the losses that come when we could make a claim for defective product or service. The following provides an example of
Also, the company has to ensure the existence of business processes and ways of acquiring its merchandise possess the traits that can be analyzed, measured, controlled and improved. The firm and the top leadership have to realize that, a sustainable level of quality improvement, calls for the commitment of everybody in the organization and more importantly, the top-level management.
A limited company has named directors whose financial liability is either limited by guarantee or by shares. Setting up this kind of organisation involves to comply additional costs and time in order to comply to the company law. ! Charitable Status Organisations with charitable purposes can apply for charitable status. Benefits include tax advantages and the ability to receive donations from charitable trusts.
It is allowed to raise capital through the medium of the Stock Exchange, which quotes their share prices, and this creates a fullness of financial possibilities. The initials "PLC" (or plc) appear after the name of the public limited company. Only two people are needed to form a public limited company and there is no stated maximum of shareholders. In Cadbury's case it is owned by many shareowners, some of whom are members of staff. Cadburys business advantage is: - Shareholders have limited liability, so it means that the shareowners lose what they
One major disadvantage of the partnership is taxation, partners will pay the tax same way as a sole trader. Therefore they will pay the corporation tax in addition to this they will have to pay income tax. Another disadvantage is liability partners are still subject to unlimited liability same with a sole trader if the business can’t pay its
An initial public offering is the decision by a company to sell its stock to the public for the first time. In some cases, this process is described as a transaction with which an investment banking company generates investment capital though making the company to go public. One of the most critical aspects within an initial public offering is significant public interest because investment bankers generate huge fees depending on the amount of capital raised. Consequently, the interest of investment bankers is usually attracted by large or well-recognized companies. Initial public offerings are sometimes characterized with huge gains on the first day but they tend to flop when the financial market is cold.
First, I will discuss the advantages and disadvantages of listing a company on different stock exchanges in
“Quality assurance and quality control is the combination of quality assurance, the process or set of processes used to measure and assure the quality of a product, and quality control, the process of meeting products and services to consumer expectations. Quality assurance is process oriented and focuses on defect prevention, while quality control is product oriented and focuses on defect identification.” Quality assurance and control affects companies in many ways, from the productivity and profitability to