ipl-logo

Barbco Company Essay

1317 Words6 Pages

Barbco Company Barbco Company is a partnership company made of the members from one family. As per the 2008 financial statements, the company experienced a big loss which affected their progress so much to an extent of dissolving the company but they did not. It was not all that big as far as sales is concerned. The main activity carried out in that company was the manufacture of equipment which were sold to customers at a fair price and they tried their best to ensure they satisfy their customers fully. This made the customers to love their products since they were of high quality as compared to the products produced by its competitors. Question 1 The company had great determination because even after experiencing loss the company holders …show more content…

Since people needs directions and structures and others freedom and encouragement for them to develop the skills and knowledge, the Barbco Company was at a position of providing the same to their workers and customers. Every person has his or her own needs for different structures and freedom and opportunity and to satisfy them you have to sacrifice and ensure you meet their needs. Secondly, strategic focus where leaders are expected to purchase new resources for the organization, they ensure that as new revolution comes they also change in order to satisfy their customers fully. Thirdly, operations this is what people do on daily basis to ensure that they meet and create customers’ value for them to justify the income. The operations determine whether the company will succeed or fail. The effective operations in the company ensure that the customers are satisfied and they get what they want whenever they are in need with the right price and at the right time. Thus Barbco put their focus more on cycle time to ensure they meet the needs of the customers. Fourth, customer relations this is where the money comes from since they are the ones who buy the products of the company. The main purpose of any business and company is to get and maintain their customers by being friendly to them and understanding their differences as well. To maintain them the customer, the company should sell what the customers’ need not what they want to

Show More
Related
2196 Words | 9 Pages

M3- Assess the implications of the legal and financial aspects that will affect the start-up of the business In this task I’m going to discuss the impact that legal and financial aspects will have on the start-up business. Also I need to describe systems that should be put in place to address these aspects, such as recording systems for tax and VAT liabilities. Also I need to include a summary of how these systems will be used in the over overall business plan. Being the manager for my business I know there are many legal area which I must follow especially when I start my own business in the future.

Read More
1355 Words | 6 Pages

Unit 12 Website Production Web Architecture Internet service providers These are companies that provide internet services usually including a business package as well which are usually more expensive. Once you have joined an internet service provider they will usually provide you with a username and password for you to access your router’s settings. Most ISP’s these days will actually provide you with one of their routers to use in case yours is not compatible for some reason. Most internet service providers send their services through a telephone line although virgin media send their services through fibre optic cables, meaning you don’t need a telephone line if you don’t want one.

Read More
884 Words | 4 Pages

Task 1 (P1) Create a poster, for the trainee staff, illustrating the typical phases of a project lifecycle, with a clear explanation of each of the stages. The phases of a project lifecycle include the following: Define and Produce Specification The first part of a project lifecycle is defining what the project will be about this first part is important because if the project wasn’t defined then what will the staff and the project manager be working on as they would have no idea what is required this can be done by asking for the requirements that the client wants for the project if there is one, then after this comes the specifications this means what components are needed for the project or any other things that are needed will vary depending on what the project is about but this will give the manager details on the things needed so that they would be able to get a precise cost on the components needed. Plan and Design Next comes the plan for the project which gives a better idea of what the project will look like and also it might have a rough sketch of not only the design but the components as well it can also have a timeline to give everyone working on the project a time frame when certain parts or things in the project needs to be done, design is also part of this part of the life cycle this

Read More
1834 Words | 8 Pages

1. Wired Café: which is a small concern business in Nottingham. 2. Asda: which is a national business organisation. 3. Nike: which is a multinational.

Read More
433 Words | 2 Pages

Unit 19 notes Running Cost: means a day-to-day of selling or producing goods They include: Advertising Raw materials Goods Power rent and rates Advertising: a new product like Nike shoes should be advertised so that the customers can know there is a new shoe product in NIKE by TV advertising or public advertising. Rent and Rates: Rates are when you pay rent for the property, if the property is bought.

Read More
1718 Words | 7 Pages

Assignment 1 – D1 When creating a business there are many tough decisions to go through, such as funding and other matters that involve money. But one of the most important decisions is deciding whether your company will be a store on the high street, or just an online website and everything is stored in warehouses and then delivered right to the customer’s door; or you can be a bit of both. In this document I will run through both of these options and expand on how to define these options. Firstly before we can decide how the company is run, we have to know the terms that define them.

Read More
644 Words | 3 Pages

Unit 16 P2 Bridget Describe how the skills that employees required to carry out jobs in an organization are identified In this assignment I am going to describe the skills that are needed to carry out jobs within my organisation which I have chosen to be Lambeth college and I am going to identify them Skills and talents of employees are vital for a business. As they can either make or break the business and hold a lot of value. Skills Audit Is a method that used to point out any skill gaps in a organisation, in this case I have chosen Lambeth college is a key bit of information that a organisations needs to know what skills and knowledge of their staff.

Read More
734 Words | 3 Pages

The company I chose to track and do a business report over is Costco Wholesale Corporation. To start with some of the characteristics they wanted to ensure when opening it was a positive attitude always, fast paced working environment and to give the best customer service. The structure of Costco completely depends on the location and its needs. When constructing it takes the current status of the market and the future changes it might need to make. The products and services include many different things such as many bulk groceries, car supplies, gas pumps, jewelry department, and even an optical doctor station.

Read More
448 Words | 2 Pages

Dear Coles College of Business Admissions: I am writing to inform you of my intention of applying to Coles College of Business. I am currently researching positions in the field of management and information systems, hoping to secure a career as a business analysis. Not long ago was I unsure of what I wanted to do, as many young adults are, and during my sophomore year my passion for business arouse. With very few business women and men in my family, my likeliness to become a business women was very slim to none.

Read More
584 Words | 3 Pages

Successful business need to make plans for the future and look ahead to the upcoming years so that they are able to cater for their customer in whatever the political, social and legal enviroment is. They will need to make up a

Read More
597 Words | 3 Pages

Campbell Soup Company’s core consumers were the baby boom generation, the 78 million Americans born during the years following World War Two and 1964. However, in recent years, the company shifted its focus toward millennials. According to Forbes' Jenna Goudreau, Campbell’s Soup is struggling to maintain relevance with millennials, a demographic segment of about 83 million Americans between the ages of 18 and 34. Business experts predict that if Campbell Soup Company fails to increase sales with the millennial population, Campbell's Soup will go out of business in the next ten year (Goudreau, 2012).

Read More
471 Words | 2 Pages

Barattoir requires additional human capital with the expertise needed to lead and operate Barattoir’s activities to its highest potential. To gain this expertise, Barattoir requires the funds needed to recruit the best in the competitive job market. For this reason, this business project thesis aims to direct Barattoir towards the means needed to become financially sufficient, and thus, aid in its journey of becoming

Read More
341 Words | 2 Pages

Our next discussion post involves locating a publicly traded company. I chose that opportunity to search for shoe companies that are publicly traded; my favorite for retail therapy. It was surprising to learn that my “go to” shoe store is one of these companies; DSW, Inc. (Designer Shoe Warehouse, Inc.). DSW is listed as a “small-cap” stock company.

Read More
1279 Words | 6 Pages

1.0 Introduction Operating a successful business requires adequate application of best business management practices. Rao and Srinivasulu (2013, p. 74) suggests that management is critical for organisational success, especially now due to the evolving business environment and struggles of organisational behaviour. Managers have to, therefore, consider all aspects of business – both internal and external – to navigate the business environment efficiently (Kraja & Osmani, 2015, p. 123). All these factors influence the performance of a business, and while the internal factors can be controlled, the external may not be controlled. Therefore, applying the four basic management functions, namely planning, organisation, leadership and control may

Read More
471 Words | 2 Pages

This memo serves as the purpose to request your assistance with my sponsorship in a Business Writing Course at Howard University. As the Project Administrator for an affluent company, I believe that staying abreast with the current trends and its formalities is essential for assisting with the success of running a competitive professional operation. The ability to be able to effectively communicate information to vendors, contractors and customers is a fundamental part of the Project Administrator. A project manager is one who serves in many capacities.

Read More

More about Barbco Company Essay

Open Document