Case Study of Stock Management System

In effect this means getting the correct product to the customer in the right place at the right time. When talking about the customer it is important to distinguish between the customer in the street i.e. general public, and the customer, the trader, who is buying the goods to sell on at any level. The term logistics applies to all customers but we are applying the term to the trader for the benefit of this study. In recent years, focus upon logistics has become of paramount importance at all levels of trade and has become a major emphasis in large-scale retail, especially those with a high and fast turnover i.e. supermarkets. This is reflected in recent reports:  ¡Ã‚ §A prime objective of any business should be constantly to seek ways of reducing the total costs of ownership while lowering their own costs ¡K ¡ Cost of ownership is the costs above those charged, for example, inventory carrying, warehousing and handling, ordering and quality inspection. To minimalise these costs, large-scale retailers have spent great deals of money upon centralized stock distribution and computerized inventory management systems, to try and gain a competitive market advantage. Centralized stock distribution involves using one as opposed to many warehouses to distribute stock for more efficient transportation. Inventory management systems automate many of the tasks involved in the control of stock and reordering. Without effective distribution and effective inventory management systems, other activities and functions carried out within the company may at best, fail to be optimized and, at worst, be rendered a waist of time if time. Therefore no money and (or) time saved in the long term. Leaders of these management systems include the likes of J. Sinsbury, Tesco, Asda, Iceland and Safeway, the case study I shall discuss in this piece of coursework. Safeway has a sales base ordering inventory management system, known as Stock Management III (SMIII), introduced in 1992/3. This was fully implemented to centrally distribute many of their product ranges, including; grocery, beers, wines and spirits and non-food department items. SMIII ¡s aim was to improve the accuracy of stock ordered in the stores, reducing the number of out of stock produce and therefor creating sales maximization. Moreover reducing wastage, reducing backstocks and creating a consistency in merchandising practices. SMIII uses data collected in each store to work out the sales forecast for each product using the store inventory. It then converts these quantities for ordering. These processes rely on data input for accuracy. There are six key concepts involved in this process. Firstly, the sales forecast. Line by line information on sales is built up at the checkout. A forecast of how much more stock is likely to be required is then calculated for future ordering periods. The demand is calculated using specific parameters for each line. The system must take into account: how much stock the store already has; the space allocated for each product; the code life of products (when they become out-of-date); outstanding deliveries; sales opportunities (promotions etc.) and current business policies. The system will then calculate how much stock is needed for sales and the amount needed to fill the shelves. Case Rounding rules are needed to convert the two figures, that of sales and to fill the shelf, for ordering. This is quite simple. The system will always order enough stock to fulfil the sales. It then decides according to the amount of shelf space, whether to round up or down to the nearest case to fill the shelves. It must be noted that the accuracy of the orders generated by the system is only as good as the data input. Data is obtained from a number of sources, therefor it relies upon each department or division getting its part of the process correct. The departments are responsible for entering product and item movement information into SMIII and processing stock as follows: Trading: ranging, space allocation, units per outer (UPO), data integrity. Supply chain: supply to depot, optimum lead times, data integrity. Distribution: delivery of right stock to store at right time. Store: replenishing shelves, scanning, accurate bookstocks. If any one of these items is omitted then the process will fail. These above activities affect the inventory and range, the two key aspects of SMIII. The system relies on accurate inventory data. Most item movement is updated automatically; deliveries through the companies central distribution system and sales captured by scanning at the checkouts. The store though is required to inform SMIII of any stock that enters or leaves the store through other channels. For example: spoilage; inter-store transfers; inter-departmental transfers (e.g. purchases for the staff restaurant); cross-picks (stock delivered but not ordered and vice versa); quality control (damaged stock that is not offered for sale). Moreover stores take a bookstock check.. This is where a check is undertaken for any product out of stock, or where stock levels are exceptionally high or low. If the bookstock is inaccurate, the system is informed, improving the accuracy of the next order. The range refers to the actual range of products the store holds. For instance, a smaller in-town supermarket will not supply the array of products that an out-of-town hypermarket will stock. Stocking plans are determined by the trading division and are transmitted to the store where they are accepted into the store range. Stores are required to carry the full range of products within their plan size. This is an important factor because it shows that stores are not allowed to delete products from the range. They are however allowed to change the space allocated to a product. SMIII calculates the optimum quantity of stock required to cover expected sales, safety stock levels (in cases where sales outstrip forecast) and stock levels required to maintain shelf presentation standards. In the case of groceries and long life products if accurate ‘fill and face ¡ information is not correctly input into the system by the store, shelf presentation may be affected and, moreover, out of stocks or high back-stocks may occur. Through these factors the, sales forecast is achieved. Inaccurate sales forecasts will result in incorrect orders being generated. This could result in out of stocks, excessive back-stocks and/or unnecessary wastage. The above factors must, in tern be undertaken accurately. To achieve this the store must enforce a number of disciplines throughout, from stockroom level i.e. tidy, with stock in correct place to maximize stock level efficiency. Through to daily checks for out-of-date goods, and ensuring shelf space is allotted correctly and displays are correct. A mid-morning inspection of a Safeway supermarket has been undertaken. There were a number of factors that can be seen as unsatisfactory from the stores point of view. I shall undertake to identify theses and solve them with minimum disruption to the store. There were a number of problems with the produce department. Firstly presentation was poor in a number of the commodity groups such as root vegetables and loose apples. If the display does not look good or is not up to a reasonable standard, this can affect the customer ¡s discussion to buy, this could affect forecasting levels especially if it occurred on more than one occasion. If the produce looks bad on a number of occasions it could affect the customers decision to shop at the store in the long term. Moreover, If the displays are not full this may jeopardize the SMIII ¡s calculation of quantities reordered as it runs on the assumption that the shelves are always optimally filled. Therefore sales cannot be maximized as the space allocation is not being followed. Finally it can be seen that if the display is bad this could mean that some of the produce is being caused damage unnecessarily. Creating wastage and again potentially affecting the customers decision to buy. This needs to be sorted out quickly and efficiently, although not at a busy time, as from experience it can be off-putting trying to shop when people are filling the shelves. Moreover it must be noted that blame should not necessarily be rested upon anyone due to it being a mid-morning inspection on a Friday; a popular day for the weekly shop, the morning probably being the busiest time especially just after the school run. It is quite possible and probable that the poor display is due to the morning rush of customers. There was only one item out of stock, cauliflower due to a delivery shortage at the depot. Obviously nothing can be done about this at store level. But this information needs to be input into the SMIII to keep the store inventory updated so that this will be taken into account when forecasting. This reflects well on the produce department as the whole range other than this is shown giving people the most possible choice. There are wider implications for an out of stock item in a situation where there are two competing supermarkets. If a different item on someone ¡s shopping list is out of stock each week, it may be a factor in persuading them to shop elsewhere. The produce delivery was being worked and the shelves were in the process of being stocked. Although this may cause shoppers some inconvenience it shows that the department is keeping the stock rolling, maximizing space used in line with the SMIII ‘thinking ¡. Deliveries though should ideally arive and be sorted before opening to minimise inconvenience for both the shopper and staff, as it is easier to attend to the task in an empty shop. Product quality was generally good, although a number of grapefruit, which were below standard, were now being removed. These grapefruit must then be counted and entered into the system to update the inventory for forecasting. It can be seen as good that the bad fruit were being removed, but bad stock must always be removed as soon as possible as customers will notice and may be put off buying. In a wider aspect though, perhaps stockholding levels should be looked at as they may have been in the store too long due to excess stock. This could also be damage through bad storage or transportation, which would need looking into if it recurred continuously. Overall it can be seen that bad stock, shortages and displays should be checked regularly and sorted out as soon as possible. People look at these factors when making buying decisions. This is concerned with relationship marketing where there should be a twin focus on total quality and service as a source of customer satisfaction. Customer satisfaction ensures better customer retention and therefor greater profitability. The customer can be put off by too many staff filling shelves as it can distract from the pleasure of being able to browse whilst shopping. Therefor a balance must be found. The forecasting potential was good in the produce section as long as out of stock and wastage was entered into the SMIII system. Otherwise stockholding levels could be affected especially with the non-full lines. Moreover the presentation must be kept to a high standard as this may affect peoples opinion of the shop and therefore customer loyalty. The grocery department had three main problem areas. The promotional point of sale was missing from an on-shelf promotion on the tea/coffee section. This is a major problem as it would have a great affect on the forecasting. The store would expect to sell more of this product through the promotion, and therefor have ordered in more to compensate. Sales would not reflect the expected response to the promotion, as people would be unaware of it. This needs to be rectified as soon as possible and the system notified as the anticipated extra demand would not be apparent. This would affect forecasting and therefore future orders; potentially causing a shortage once the promotion was displayed. Loose stock was stacked behind other adjacent products on the soup section and appeared to have been there for several weeks. This reflects bad organization. Stock may not be noticed by the customer and space allocation disrupted. Space for the stock is allocated so that the system can accurately forecast the quantity of goods required to both fill the shelf and for sales. Using the space incorrectly can affect stockholding levels due to the amount predicted to be on the shelves and in storage. Although actual recording of sales will not be affected, it must be noted that sales could be, if the product namely soup couldn ¡t be found. This needs to be sorted out immediately, and could possibly reflect a lack of motivation in store, as the shelves were not stacked correctly. It also reflects badly on myself as acting manger, as this problem appeared to have been so for weeks. Store inspections must be held regularly to ensure this type of problem does not occur.

Sun Tracking Control Strategy Engineering Essay

It is good known that in theory, 41 % more sunshine is available by tracking the PV faculty to follow the day-to-day class of the Sun, comparative to fixed installings. The overall aim of this survey is to develop a control algorithm that improved public presentation and dependability the two-axis solar tracker. To accomplish this end, this survey dressed ore on optimising the LM3S811 based accountant board, thrust hardware and package. Keywords: embedded system design, two-axis Sun trailing, control algorithm.A ±ntroductA ±onSolar energy systems and equipment such as PV and twenty-four hours illuming systems, solar aggregators, and solar-powered heat engines work best when their aggregators aim straight at the Sun. Adding a solar tracker to these systems increases their efficiencies at the disbursal of initial and operational costs and system complexness. It has been estimated that the usage of a trailing system, over a fixed system, can increase the power end product by 20 % – 40 % with cost addition 10 % -30 % [ 1-3 ] . Since the Sun ‘s place in the sky alterations with the seasons and the clip of twenty-four hours, tracker is used to aline the aggregation system to maximise energy production. Several factors must be considered when finding the usage of trackers. Some of these include: the solar engineering being used, the sum of direct solar irradiation, feed-in duties in the part where the system is deployed, and the cost to put in and keep the trackers. Concentrated applications like concentrated photovoltaic panels ( CPV ) or concentrated solar power ( CSP ) require a high grade of truth to guarantee the sunshine is directed exactly at the focal point of the reflector or lens. The two basic classs of trackers are individual axis and double axis. Single axis solar trackers can either hold a horizontal or a perpendicular axis. In concentrated solar power applications, individual axis tracker is used with parabolic and additive Fresnel mirror designs. Dual axis solar trackers have both a horizontal and a perpendicular axis leting them to track the Sun ‘s evident gesture virtually anyplace in the universe This paper presents a control scheme for a two axes solar tracker that is executed in an ARM based Stellaris L3S811 microcontroller. Correct sun place is inferred from the GPS. The proposed control scheme consists of a combination between ; an unfastened cringle tracking scheme, and a closed cringle scheme. The overall aim of this survey is to develop a control algorithm that improves public presentation and dependability the two-axis Sun tracker. To accomplish this end, this survey concentrates on optimising the accountant board, thrust hardware and package.Two-axA ±s Sun trackerThe Sun ‘s beams can be decomposed into two constituents, one perpendicular to the panel surface, and the other analogue to the surface, where merely the former radiation can be received by the panel. Therefore, the angle between the Sun ‘s beams and the normal of the panel which is called the incident angle should be every bit little as possible. Incidence angle alterations with the diurnal an d seasonal fluctuations. Therefore, the fixed-installed solar aggregators can non to the full absorb the solar radiation energy. If at any clip by automatically tracking solar aggregators, panel place can be adjusted harmonizing to the Sun ‘s flight to cut down the incidence angle ; it will be able to absorb more solar radiation energy than the fixed panels in the same irradiation conditions. The panel of dual-axis Sun tracking system rotates around the two reciprocally perpendicular shafts, AZ shaft and lift shaft, shown in Fig 1. It will track the Sun ‘s AZ angle and lift angle, so that the panel can accomplish incident angle of 0. Two methods are normally used in solar trailing to place and follow the place of the Sun at any blink of an eye of clip between dawn and sundown: the closed cringle control method and the unfastened cringle control method. The closed cringle control method uses several feedback detectors such as LDR, photodiode, light-intensity detectors, mention cells and a signal processing circuit [ 4-6 ] . The signal processing circuit compares the end product signals of the detectors and operates on a feedback cringle with the coveted signal status. The end of the cringle is to bring forth maximal entire mistake signal from detectors by continuously seting the tracker way until the shadow on the detectors is the lower limit. A drawback of the closed cringle control method is that it can non efficaciously track the Sun on a cloudy twenty-four hours without a robust algorithm. Fig. -Structure of the two-axis Sun tracker. The unfastened cringle control method uses the longitude and latitude informations of the solar tracker location to find and track the place of the Sun [ 7, 8 ] . It has the advantages of easy scheduling and high truth. The system is simpler and cheaper than the closed-loop type of Sun tracking systems [ 9 ] . It does non detect the end product of the procedures that it is commanding. However, a fixed get downing way of the tracker at dawn every twenty-four hours is required in this method. Therefore, the get downing way of the tracker must be corrected from clip to clip. Consequently, an open-loop system can non rectify any mistakes so that it could do and may non counterbalance for perturbations in the system.Specifying Elevation and Azimuth AnglesThe algorithm for Sun trailing uses the solar lift, i? ±e and azimuth, i? ±A angles computed at the solar tracker location. The tracker must be aligned horizontally to find the lift and AZ angles accurately along with the hr and decli ne angles with regard to the heavenly equator or plane as depicted in Fig.1. Solar lift, i? ±e is the angle between the skyline and the line linking the beginning and the Sun that is, the complement of the zenith angle. Solar AZ, i? ±A is the angular supplanting of the projection of the line to the Sun onto the horizontal plane from the south axis. The solar lift angle, i? ±e, of the orientation system in the perpendicular plane, ?e, can be calculated as follows [ 9 ] sini? ±e=sini? ¤ sini? ¦ +cosi? ¤ cosi? ¦ cosi? · ( 1 ) Where e is the lift angle of the system i? ¦ is the latitude. is the hr angle ( 15 & A ; deg ; / hr ) , where ? = 0 at local midday. is the solar decline, where ? is calculated from Cooper ‘s equation, ( 2 ) N is the twenty-four hours of the twelvemonth ( 1 – 365 ) with N = 1 stand foring the 1st of January. Fig. – The relation between lift and zenith angles. The azimuth angle of the system in the horizontal plane, ?A, is calculated as [ 9 ] . ( 3 ) The solar trailing system normally returns to its initial remainder place after sundown, and starts to track the Sun after the Sun rises above the skyline. The dawn and sunset times can be calculated utilizing [ 13 ] for system location.DesA ±gn and application3.1. Mechanical DesignThe panels ‘ support construction was designed with two grades of freedom in order to change the disposition and orientation. Besides, the construct of the panel ‘s support every bit good as the system that allows this support to go around around the two axes was developed. The tracker is composed of a fixed base which is straight on the land, holding a mechanism that connects the base to the back uping construction of the panels. This mechanism consists of two parts, which have a grade of freedom ( from each other ) in two axes. For altering the disposition of the construction, extra linear actuator is mounted to the solar tracker control system. Linear actuators are highly precise by design, particularly when compared to pneumatic and hydraulic solutions. Screw based mechanical additive actuators allow to progress or withdraw the motivation rod by highly little increases, which is required for the exact placement of solar tracker. Electric additive actuator consumes highly low electricity and are available in 12 Volts d.c. it can be powered by the solar panel itself supported by a battery. Linear actuators can be remarkably little, particularly when sing the scope of gesture that is required for traveling the Sun tracker. Photograph of the mechanical construction is shown in Fig. 3. Fig. – Mechanical construction of the Sun tracker.3.2. Hardware DesignThe hardware design combines the embedded microcontroller with two DC motor drivers, rotational DC motor, DC motor controlled additive actuator, solar rotary motion mechanism, GPS, pyranometer, wind gauge, tilt switches and MEMBS based inclinometer. A general block diagram of the control system is shown in Fig. 4. Global placement system ( GPS ) is connected to the microcontroller via a standard consecutive RS-232 port. GPS sends to the microcontroller sentences, that contains a twine of characters, continuously. These sentences chiefly include longitude, latitude, height, day of the month and clip for location where GPS is placed. Since microcontroller has the existent clip clock circuitry, it is moderately accurate over short periods, but it needs standardization sporadically. As a consequence, the GPS clock signal is used to update the microcontroller ‘s internal clip sporadically and therefore effects of the long term mistakes are eliminated. As portion of the attempt to better solar tracker dependability and better understanding public presentation, a pyranometer is being added to solar tracker. This pyranometer allows the informations acquisition system to mensurate exactly the irradiance witnessed by the PV faculties on that tracker, and therefore better supervise the impact of the tracking algorithm on the energy end product of the system. Solar tracker steps tilt angle with potentiometer that has long-run dependability job. A higher dependability option is a solid-state inclinometer. It has three chief advantages ; inherently higher dependability, higher declaration less than 0.1 & A ; deg ; , direct measuring of angle. In this undertaking, micro electromechanical systems based on electronic inclinometer ADXL345 is used [ 11 ] . Digital end product informations is formatted as 16-bit two ‘s complement and is accessible through either a SPI ( 3- or 4-wire ) or I2C digital interface The inclinometer would typically be mounted straight underneath a tracker ‘s plane, from where the disposition can be measured. Fig. – Sun Tracker control system block diagram. The solar tracker is fitted with bound switches to guarantee robust operation. A micro roller switch mounted on the base of the solar tracker prevents multiple revolution completion of the AZ tracking phase. The solar aggregator besides includes two more bound switches on the zenith tracking phase to forestall over travel harm to the additive actuator mechanism. The initial reset balance usage tilt switches. The mechanism include four tilt switches ( E, West, south and north ) To protect tracker constituents from over air current velocity, system besides requires an wind gauge to mensurate wind velocity. Consequently, we need powerful and cost-efficient microcontroller to link all these parts and manage to track the Sun. It must hold two consecutive port, ( UART ) one for communicate computing machine the other 1 for GPS, two PWM signals for motor A and motor B, one I2C port for solid-state inclinometer, hardware counter input for wind gauge, parallel input for pyranometer, at least four digital inputs for tilt switches. In add-on, these characteristics we need package development tools for microcontroller. Sing the computation of the mentioned before, 32-Bit Stellaris microprocessor LM3S811 which is optimized for small-footprint embedded applications, fits best to the Sun tracker system. TI Stellaris LM3S811 microcontroller has a Reduced Instruction Set Coding ( RISC ) ARM nucleus, internal oscillators, timers, UART, USB, SPI, pull-up resistances, PWM, ADC, parallel comparator and watch-dog timers are some of the characteristics [ 10 ] .Software DesignThe developed Sun tracking algorithm enables high-precision finding of Sun angles and times for dawn, solar midday and sunset year-round. The flow chart of the algorithm is drawn in Fig. 5. The computation of the Sun angles with the Sun tracking algorithm package merely requires the specification of the day of the month, clip and exact longitude, latitude and lift of the location through a GPS system. Fig. – Flow chart of Sun tracking algorithm. The algorithm we developed for the control of the Sun tracker is composed of two chief subdivisions. In the input subdivision, the solar lift and AZ angles every bit good as dawn, sundown, solar midday and present solar times are calculated harmonizing to subdivision 2 and used as shared variables in other parts of the package. When the system starts, Stellaris foremost sets tracker to the place place and so takes GPS information to cipher the Sun set and rise times. The present solar clip is compared with the dawn and sunset times to find whether tracking should get down or halt. At dark clip, it waits following sample clip. Sample clip period may be defined harmonizing to proficient restraints. First restraint is GPS hot start clip that is 1 second for GPS. It can non be shorter than this value. The other restraint is the energy consumed by motor A and B during one tracking measure. We set sample clip to 2 minute during experimental work. The present solar clip between dawn and sun set clip ‘s Stellaris reads pyronometer value to look into if there is adequate solar radiation to bring forth power. Otherwise, Sun tracker stays at place place until solar radiation rise to lower bound of solar radiation. After solar radiation reaches the coveted value, so algorithm reads anemometer value to specify whether the Sun tracker can travel safely. If non, Sun tracker stays at place place at least during one sample clip. Otherwise, it starts tracking the Sun. In the end product subdivision of the algorithm, the package takes azimuth, ?A, and lift, ?e, angles from shared variables and converts them to drive gesture. The deliberate angles ?e, ?A, are so subtracted from the old place values. Harmonizing to the obtained angle difference and their marks, microcontroller sends PWM and way signals to the motor accountants. Motor A and motor B takes solar panel to the new place. Motor A can drive solar panels to turn in the horizontal plane in order to track the alterations in AZ angle ; its positive place is westbound. Similarly, motor B can drive solar panels to turn in the manner of fliping so as to track the alterations of solar lift angle ; its positive way is downward. At the terminal of tracking, the place of mechanisms demands to be defined. The electronic inclinometer ADXL345 sends x, Y, omega axis values to the Stellaris. This digital axis values are converted to angles by the microcontroller. By comparing the mensural angles with deliberate angles, the two motors take different motions to complete come up to the coveted place of the solar panel. Finally, when this twenty-four hours is over, the system backs to the place place to wait for the following twenty-four hours.ResultS and dA ±scussA ±onSun tracker was tested both in the research lab and out-of-doorss utilizing SM-55 solar panel [ 12 ] . During the out-of-door trial, the Sun tracking s ystem was moved to outside of a edifice so that we could compare the consequences between fixed place and two-axis Sun tracking systems. During a 24-hour test period, the two-axis solar tracker was required to run for about 2 proceedingss every hr to keep proper alliance with the Sun. Fig. – Outdoor trial consequences of sun tracker. During the trial procedure, solar panel charged to the battery, and solar panel current and electromotive force values were measured and stored every minute utilizing a information lumberman. End of the twenty-four hours, the solar panel, charged the battery up to 408.2 Watt-hour energy for about 11 hours. The recorded information on the twenty-four hours 5.5.2012 proved that the two-axis solar tracking PV panel produced more energy than the fixed 1 with about 40.7 % .ConclusA ±onIn this survey, a cost effectual two-axis Sun tracker has been developed. The ARM Cortex-M3 nucleus microprocessor successfully calculated the tilt angle of the solar panel in order to look into the accurate Sun lift angle. The placement technique, which has been investigated by the DC motor and additive actuator, reduced the mistake in turn uping the lift AZ angles to 0.1 & A ; deg ; . The proposed tracker has increased the energy collected by 40.7 % .

Making Effective Workplace Decisions Essay

,.,decision making – nerovivo Steps outlined in this article will help you to determine if you’re making, or that you have made, the right decision about a pending issue. Do you ever wonder how to know that you’re making, or that you have made, the right decision? Decisions are an important of lives. Every day, we make decisions in our home life and work life that will impact our future. That is why having the skills to make good, solid decisions is important. This article outlines a 6 Step Process that will help you to make wise and confident decisions. The objective of making a decision is to choose your best alternative – based on the facts provided – that will lead to a productive end result. These steps will help anyone (at home, school or in business) that has to make decisions. They can be applied when making any decision at any time, from the start of the problem-solving process to the finishing stages of implementing the course of action. Step 1: Identify the problem Read This Next * Workplace Stress and the Decision Making Process * Website Design Trends * Five Steps for Effective Problem Solving in the Workplace A problem can be identified as a difficult issue that needs to be resolved. Quite possibly, failure to resolve the issue could lead to additional, more crucial issues. Most problems in business exist in the form of a statement or a question. For example, a statement problem in might be â€Å"Choose the best vendor to match our product budget.† Likewise, a question problem might be â€Å"What type of product should we develop?† For both types of problems, several sets of conclusions may be derived. Each one making a different impact. When you understand exactly what the problem is, you can use sound judgment to render a decision. Step 2: Determine who should be involved During the first stages of the decision-making process, you should determine who should be involved. This lets you know whether or not the problem would best be solved by forming a team to examine the facts. If so, the team can make recommendations based on those facts. Decisions in the workplace are commonly done as a team. It can be a powerful way to make efficient and expedient progress. The greatest benefit is the combination of talent and creativity that exists when joining heads. When everyone contributes to effective brainstorming, the ideas are compared and different perspectives are examined. A team is far more likely to discover more creative and innovative solutions than one would individually. Step 3: Evaluate the alternatives When you evaluate the alternatives, consider how the making the decision (or even not making the decision) is going to impact any future objectives. Here’s an example: An employee asks a manager for permission to work from home a few days a week. The manager is pondering impact of this decision on the rest of your staff. Things to consider are whether or not the workload can be done from home, and whether the same permission can be granted to the other employees. Some possible alternatives could be as simple as shortening the workday on Fridays. To do this, the manager could require that the employees, as a team, meet certain stated objectives during the week in order to work fewer hours on Friday. This example shows how a decision that, at first, seems to be related to only one person, is in fact a catalyst for impacting the entire department. Step 4: Examine the pros and cons What are the positive and negative results associated with the decision and the related alternatives. For example: There is a question of whether or not to launch a new product at this time. Doing so could put the company ahead of the competition by at least 6 months. However, there could be a problem with quality if the production is rushed. There hasn’t been enough testing and documentation, so quality assurance is moderate at best. The benefit is that you’re outshining the competition, but the risk is that the company could suffer scrutiny for putting out a faulty, non-tested product. Step 5: Making the final decision A large part of making the final decision will be your ability to address the needs of the organization. There will be short-term needs and long-term needs. What are the expectations of the company administrators? The final decision should be in line with the company goals and objectives. In other words, the final decision has to be supported by a solid purpose. Consider this: You don’t make a decision that will cut production by half, if the original mission (purpose) was to increase sales by 30%. Be sure that your choice is based on more on company vision, rather than personal opinion. Narrow your information down to what is vitally important making the decision. For any decision that you make today, always consider the impact that it will make on future Read more at Suite101: Making Effective Workplace Decisions | Suite101.com http://roslyn-johnson.suite101.com/making-effective-workplace-decisions-a358141#ixzz1nnl02Xob

Since humans and chimps are similar, do you think it would be useful Essay

Since humans and chimps are similar, do you think it would be useful to use chimps as stand-ins for humans during scientific res - Essay Example For humans a process of informed consent is used to ensure that the rights of individuals are not compromised, but with chimps this is clearly impossible, since chimps do not have the language skills to understand what is proposed, or to express their views. In 1994 a meeting of scientists debated the use of chimpanzees in AIDS research and it concluded that the necessity was there, due to a lack of alternatives, and that it was acceptable to conduct research such as giving injections and collecting blood samples, so long as financial support for long term retirement of the chimps afterwards is guaranteed. (Akker et al, 1994, p. 51) This amounts to an acceptance of quite invasive research in return for some welfare reward later. In 2010 scientists studying genomes and human lineage specific (HLS) sequences of unknown function considered the use of transgenic techniques with great apes (chimpanzees, orang utans, gorillas) but concluded that this would cause harm to the apes and that à ¢â‚¬Å"these harms render the conduct of this research ethically unacceptable in apes, justifying regulatory barriers between these species and all other non-human primates for transgenic research.† (Coors et al., 2010), p. 658.

Writing a event vividly Essay Example | Topics and Well Written Essays - 1000 words

Writing a event vividly - Essay Example Even with my nervousness, the girl noticed me and came closer, from her marvelous smile, and the first word from her gave me the courage to speak to her. Through the first conversation I could feel love feelings oozing out of my heart, as I conversed with her, Emma, as she told me her name was, was the girl I had been searching for, she was definitely the my destiny and the love of my life. Reading my story, one might think that I am too sentimental as a man, in my mind I now believed that love existed. From that supermarket moment, I laid siege to Emma, I did everything possible to win her heart over, I turned into this romantic guy I never thought I could be. Almost all my activities towards her were romantic, in most cases I found myself thinking about her and how our next date would be. After some time, my tremulous attention, and my unending pursuit made Emma say â€Å"yes† to my proposal of having a relationship with me. Emma and I were soon dating; obviously, we were in love, and no doubt that the relationship was the beginning of the happiest time of my life. At least, I thought that for I was flying high, the voice deep down kept telling me â€Å"you the luckiest man alive.† Every day I was planning something new and interesting to make Emma happy. Every minute I spent away from her seemed like a lifetime, the time I spent with her was the best moments of my life. We even had our places in parks, cinemas, cafes and just in the streets, we enjoyed each other’s time, to some extent, my future was clear Approximately, seven months into our romantic relationship, Emma told me that there was no future for us; apparently, her parents did not see me as a good life partner for their daughter. The case was that Emma’s family was against miscegenation; they were white Americans and did not want representatives of other nations or races to enter into their family. Moreover, there was a good marriage candidate for Emma, a son of her

Advertising Has Got Negative Influence to the Society Assignment

Advertising Has Got Negative Influence to the Society - Assignment Example Furthermore, advertisements are for willing people, nobody is forced to seek services or products in the adverts. Â  Speaker 1: Some adverts promote prostitution or other bad habits and behaviors in the society. For instance, we have seen innocent ladies trying the lifestyle of the models and artists they see on TV. Majority enter such life not knowing the consequences that could come with such. Take instance the adverts of women and female condoms, women explicit outfits and those with drugs meant for abortion among other unethical implications in the society. Young girls end up losing their virginity in tender age as they adopt such bad lives. Â  Speaker 2: It is a fact that the society has the good and bad side. The people on the bad also have the rights to live their lives provided they don’t disturb those on the better side. Those companies making condoms, explicit dresses and drugs have the rights to market their products; because it is through that that they can increase their sales and contribute to the national and international economy (Sawyer, 347). Remember those companies have legal rights to make whatever they are making; it means that the legal entity is satisfied with such companies’ operations. And again, nobody is forced to purchase such products. Blame the purchaser, not the seller or the adverts. Remember the adverts provide warnings so that the right audience can watch or hear the contents. Explicit adverts are aired at night when young society members are asleep. The advertisement companies provide employment to the people despised in the society because of their habits. For instance, dru nkards would be used to advertise alcoholic products and from here they can earn a living. The society would be boring if it only hades the good people. Â  Speaker 1: Some adverts are misleading to the consumers and this is common with mobile phones, computers, and tablets among other electronics.

Match day staff retention and turnover Essay Example | Topics and Well Written Essays - 3000 words

Match day staff retention and turnover - Essay Example The study conducted by The Society of Human Resources Management (SHRM) provided conclusive evidence of how outsourcing human resources personnel and various HR functions could cut average company costs on HR spending and free them from other legal risks. The retention of human resources for long time and then giving training to them is the only issue which is very costly and time consuming. More specifically, good training programs leads to improve the capability of employees and thus increasing the confidence in employees. Employees who are sure of themselves work faster, commit fewer errors and produce more output. Thus we can say that the existence of a human resources department is vital to overall productivity and efficiency of the strong work force in any thriving company. In most professional organizations, the role of the human resources department is not sidelined. In fact, good human resources can be one of the most valued and respected departments in an organization, their job is people and people are the company's most important asset. 1. Dissatisfaction with salary or benefits - Salary dissatisfaction can be predicted using company maintained information commonly to salary administrators. Predictors includes years of service, educational level, performance report, career potential, a measure of the most recent salary increase and employee gender. Benefits are not up to the mark which pleases the employees at fullest. 2. Dissatisfaction with training or working conditions - It is the second biggest reason for leaving the current working place. Using old and casual methods of training and working environment is not suitable. This means that one can't adjust with his current working environment i.e. working staff and conditions are not expelling healthy and positive vibrations. Training methods and modules are insufficient. Due to time constraints; the new employees are often not corrected. This oversight leads to a proliferation of bad practice. 3. Change of industry or profession - Sometimes employees change their profession or shift themselves from one industry to other industry due to higher scope of improvement and learning opportunities because according to their thinking forward looking sector or industry has better future prospects or growth. Even new opportunities comes up to you as easy as knocking the door to fulfill the dreams. 4. Others Lack of development - An individual always wants growth, power and success in life but if one's career comes to a stagnant position, he wants to leave his current job and take a new one with full positive attitude and motivation which is very useful and important like flowing water in the river because it symbolizes development at every point of time in life. Development can be in terms of salary increment or extra responsibility given by the seniors due to faith and carried over by the individual in the company. Better position elsewhere - In this scenario, companies are offering good positions to the employees who are experienced and have good communication skills which are the utmost traits of personality. Some companies are offering internal tests programs conducted to stabilize good employees which is

Course Evaluation Paper Essay Example | Topics and Well Written Essays - 1500 words

Course Evaluation Paper - Essay Example During the course, most students identified with the outcomes. I expected to learn the various aspects of family dynamics, which exist in the society regardless of race, social class, or religion, and I did. I expected to learn the theories involved and to be able to learn various solutions to family problems. I was able to relate to some factors that influence family dynamics that apply to my real life. The factors I learnt include the effect of parent’s relationships on the family, aspects of strictness and lenience among parents, personalities, single parenthood, size of family and culture, and beliefs in the family. The course reflected issues that exist in many families in the world, and was able to broaden my knowledge and thinking about family life. I expected the course to highlight the various positive and negative issues that exist in the family and the impact they have on psychological health of family members. Some of the positive family attributes highlighted incl ude success of children linked to good parenting practices, good parent’s relationships and good family values. Peace in the family always relates to good personalities in children and older family members among others. The negative attributes highlighted in the course include the effect of single parenthood on children, violence in the family most likely led to the fall of the family to factors such as divorce, and divorce affected children even in their adulthood. The lecturer was able to teach in the most practical way, making everyone to participate in asking and answering questions, making the course even more enjoyable. She always asked practical questions that apply in real life, used pictures and videos to teach and expected every student to relate to some issues raised during the course of study. This made the course very exciting and easy to learn. The outcomes had a great impact and were specific to the target population, which in this case were classroom students. The course highlighted many issues, which exist in different families. I related to some of the factors that I have experienced in my own family. Most students were able to relate and connect to most of the issues explained in the course. In some instances the mentioned examples and scenarios rekindled bad memories among some students and caused emotional grieve. These included students coming from a family that experienced violence in the past, drug abuse, families affected by issues such as unemployment, extramarital affairs, and divorce. Some students on the other hand connected well with their well-structured families, which had good values, proper parenting practices, and wealth among others. In either way most students lamented that, they learnt a lot from the course and expected to improve their lives in one way or another. The outcomes were measurable with the timeframe. The lecturer managed to teach various levels of family dynamics within the expected timeframe, and in th e most systematic way. The mentioned outcomes on the students always revealed in each classroom session, and with time, the students had developed a sense of connection with the lecturer and would freely express their views and experiences without fear. The objectives and the outcomes related well in this course and at the end, the lecturer manage

2.Housing association governance puts the interests of the Essay

2.Housing association governance puts the interests of the organisation above those of residents. Discuss - Essay Example is community boasts that they have moved ahead of government by being able to enforce these restrictions through the contracts signed by the homeowners that in the public sector might run afoul of constitutional restrictions and statutory limitations. This particular circumstance underscores a dimension in housing associations – whether its administration puts the interests of the organisation above those of its residents. The very name, housing association, is misleading. Housing associations or homeowners associations are often not association in the sense of an expression of organisc life as the center of communal perceptions and common activities, nor, in many cases, are they controlled by homeowners. Nathaniel Gates (1997) argued that the inhabitants of these communities, drawn from many different backgrounds, often have little in common, and the developer nearly absolute control over the community. (p. 253) In a way, housing associations became some sort of private governments that could one day overshadow cities in significance. The rules of the housing associations, no less than cities, define political spheres. An association, like any community with the power to preserve and perpetuate itself, is coercive. This paper will argue that because of this fact, it must assert its own interests against the interests both of outsiders and, at times, of some of its own members. The basic idea for a home association with common ownership and upkeep of open space started with Leicester Square in London in 1734, which was governed by restrictive covenants. The legal concept was exported to the New World when in 1831, Samuel Ruggles drained a swamp in New York City and built a block of homes around a park. This community was called the Gramercy Park and it consisted an eight-foot high fence. Each resident had a key to a gate in the fence for access. The residents held title to the park in trust. These gated or so-called garden communities did not really become

HRM and Marketing Assignment Example | Topics and Well Written Essays - 1250 words

HRM and Marketing - Assignment Example Viewed as a key component in corporate survival and growth, marketing is becoming more of a planned and goal-oriented management activity. The market information sharing has been equated closely to what Kohli, Jaworski and Kumar termed intelligence dissemination' (1993, p. 476). It is also significant to know that, Kohli and Jaworski (1990, p. 3) ascertained from research that inter-functional co-ordination should be limited to co-ordination related to market intelligence'. The competitor orientation can assist company performance. The organisation should consider how well its products suit customer but should also assess that how well they perform in comparison to competitor s (e.g. Ohmae 1982, pp. 91-98). Moreover the competitors can affect the organisation and a focus on trying to understand their strengths, weaknesses can help to prepare for competitor activity and so minimise its adverse effects (e.g. Dickson 1997, p. 209). The company that monitor the activities of competitors benefit by learning about the strategies of the competitors. Such knowledge can be helpful for sustainable growth. Marketing is regarded as more than another functional area of business, although it must operate in conjunction with other equally important functions. It is viewed as a fundamental method of managing the resources and activities of business and of making the consumers and customers the focal point for management action. Successful marketing requires recognition and authority at the top decision-making level. Marketing programs must be carefully planned and based not merely on knowledge of internal corporate affairs, but also on knowledge of external environments. A homeostatic point of equilibrium between customer wants and needs, is called for on the one hand, and corporate goals and resources on the other. Relationship between Marketing Concepts and Banagas Strategies In the beginning company was dependent on other external international companies for all marketing and sales activities. But being a progressive company such arrangement has been left behind with passage of time. Now company has its own vision and corporate objectives, these objectives are being looked after and pursued by company's own management. Local people are hired and company is confident that they will certainly meet the demands of the business. As discussed in theoretical part of this paper company is vigorously pursuing the policy of expansion and growth. Company has entered into agreement with many companies like Bapco (The Interim Agreement) for new business ventures. It will give company management confidence to management the matters independently. (Case Study) Company is also acting according to recognized corporate norms of transparency and openness. All the products are transparently tendered. Company is also using the modern technology including information technology. All these policies have helped company in achieving all the planed strategic objectives. (Case Study) References Dickson,

Create topic, because you are writing the paper, not me Essay

Create topic, because you are writing the paper, not me - Essay Example What she discovered can best be explained using Malcolm Gladwell's discussion of strong-tie and weak-tie relationships. By understanding both strong-tie and weak-tie relationships as they are experienced by Nathan, it may be possible to develop some more successful strategies toward achieving community and diversity on college campuses. Nathan starts her essay off by describing the experience of the freshman student from the moment of registration, possibly before. "As a student, one is immediately enlisted to join the group, to get involved, to realize that one has become a part of the AnyU 'community" (Nathan, 41). The primary aim of the mandatory freshman class she describes is clearly intended to kick-start the kind of strong-tie connections Gladwell says are necessary to effect significant change. Although he's talking about motivating people to take physically dangerous action as part of the civil rights movement, the reasons people decide to keep participating in a difficult, long-term task or to withdraw from it remains consistent - those who have strong-tie connections to others engaged in the same pursuit were more likely to remain while those who had few strong-tie connections were more likely to leave. Citing another study, Gladwell says "high-risk activism ... is a strong-tie phenomenon." However, the attempt to foster a strong-tie connection among freshman students at Nathan's AnyU college failed because students strongly resisted the effort. Their resistance was largely based on their lack of choice - in taking the class and in the reading material - and on their perception that the course contributed nothing toward their educational pursuit. Students did show evidence of strong-tie connections, such as when they chose to get together for dinners, small group events, and other activities. "It seemed telling to me that so many dormitory residents were watching the same game in different places, the great majority preferring to pass the time with a carefully chosen group of personal friends in their own private space. It spoke in a more general way to how community really worked in the university" (Nathan, 54). These were self-selected communities within the university space that shared strong ties of friendship and inter-reliance, a characteristic that Gladwell identifies as essential to maintaining strong-tie relationships. However, as Nathan is suggesting as she discusses the desolation of the common rooms in favor of crowded dorm rooms full of small, isolated bands of students, a strong push toward individualism within our society coupled with the convenience of social media technology is weakening these ties. In the freshman orientation program, she notes that "what holds students together, really, is age, pop culture, a handful of (recent) historical events, and getting a degree" (Nathan, 42). Attempts to bring students together are often discouraging as only a handful will appear even when well publicized and a popular activity. "They [students] genuinely want to have a close community, while at the same time they resist the claims that community makes on their schedule and resources in the name of individualism, spontaneity, freedom, and choice." (Nathan, 47). Rather than the kind of strong-tie connections that used to once bind large groups of people together, filling those common rooms with

Holden Caulfield Is an Island Essay Example for Free

Holden Caulfield Is an Island Essay John Donne’s quote, ‘No man is an island’ connects quite directly to Holden Caulfield in ‘The Catcher in the Rye. ’ Holden’s character is very relative to themes such as isolation, loneliness and non-conformity. Holden has a very distinct character; he has many features, which would describe him as quite a lonely, cynical young man. It is evident that a past of his has had such an effect on him that the adolescence he has become quite a rocky journey for him; the death of his brother Allie, and the suicide of one of his schoolmates included. How is Holden Caulfield an island? Well, the quote itself – ‘No man is an island’ – can be interpreted that no man will thrive in isolation, such as an island. Holden has isolated himself from the conforming ways of society. This explains why he finds it so hard to be close to people, and why people find it so hard to get close to him; because he is so different. Holden’s character can be described as one that is flying off the rails. Some events throughout the novel regarding alcohol and drugs, relationships and Holden’s whereabouts show that he is simply trying to be something he isn’t. Holden Caulfield is an island, throughout the novel, a word to describe him best would be ‘alone. ’ Those who attempt to help him, guide him and be there for him, such as Spencer and Mr. Antolini, generally fail as Holden makes a quick escape from their guiding hands. In some ways, Holden can be seen as a hero. It is much harder to go against the grain alone, than to follow along in the footsteps of others. Holden can be understood as a leader, rather than a follower. Although his purpose is not quite evident, his journey is still worth so much. Holden’s personality includes features, which define him as a very judgmental person. He often uses the term ‘phoney’ to describe people who aren’t true to themselves and who according to him, squeezing into a certain cut out. Holden is very set in his ways, and will generally not take on the opinion of anyone else, and will stick to his own very closely. An example of Holden preferring to be alone is when he informs his sister that he will be leaving home. He organizes a meeting with her before he leaves. She arrives with her belongings and asks to go with him. It is not that Holden loses his temper, and refuses to take her along. After Holden leaves Pencey Prep at the beginning of the novel, he makes the decision to find his way around Manhattan alone, with out telling his parents; for a few days before he is due back home. To most sixteen year old teenagers, to make this decision would be a big move, but to Holden, a stunt like this doesn’t concern him. This just shows how far he goes to prove himself to be an individual, who can take care of himself, Holden feels he doesn’t need anyone but himself, as he is left alone by the end of the story. Throughout the novel, is it clear that the story is about Holden’s journey, and Holden Caulfield being an island. The events and occurrences that happen to Holden along the way prove this statement to be true. Holden has a very strong character, that of which he remains tough; he does his own thing, in his own way; without the need for approval from anyone. Holden Caulfield has isolated himself from the conforming ways of society. Therefore, Holden Caulfield is an Island.

Pak Elektron Limited (PEL) Mission And Vision Statements

Pak Elektron Limited (PEL) Mission And Vision Statements Overview Of PEL Company Pak Elektron Limited (PEL) is one of the pioneer producers of electrical goods in Pakistan. It came into being in 1956 in technical cooperation with M/s AEG of Germany. In 1978, the company was bought by Saigol Group of Companies. Since its foundation, the company has been contributing on the way to the advancement and progress of the engineering sector in Pakistan by launching a range of excellence quality electrical equipments and also home appliances and also by producing hundreds of engineers, expert workers and technicians in the course of its apprenticeship schemes system and training programmes. PEL Company Divisions The PEL Company consist of two divisions: Appliances Division Power Division APPLIANCES DIVISION This Division of PEL consists of appliances manufacturing. PEL Air Conditioners There are two types of PEL Air Conditioners: Window Type Air Conditioners PEL window Type air conditioners were launch in 1981 in technical partnership with General Corporation of Japan. Since of their launch, PEL air conditioners have a top position in Pakistan market. Cooling performance of PEL air conditioners has been tested and approved by Copeland and ITS USA. Split Type Air Conditioners As the time goes on, customers demand changes according to their needs. With the shift of customers preference from window to split -type of air conditioners, PEL has started producing split type air conditioners. PEL Refrigerators Refrigerator manufacturing is also very important invention in the electronic devices history. PEL company started manufacturing of refrigerators in the mid of 1986 and 1987 in the technical collaboration with Ms SILTAL of Italy. PELs refrigerators demand is also very high in market same as the air conditioners. At present, PEL Crystal has more than 30 % market share in Pakistan. PEL refrigerators cooling performance is tested and approved by Germany, Danfoss and also its manufacturing facility is IS0 9002 certified by SGS Switzerland. PEL Deep Freezers In 1987 in technical collaboration with Ms Ariston of Italy PEL introduced Deep Freezers. For the reason that of high quality and durability, PEL deep freezers are the preferred choice of the giant companies like Unilever. PEL Televisions With the passage of time needs of a common man increased. Television becomes very popular in the mid of 19 century, so PEL company decided to manufacture PEL Televisions. Competitor of PEL Appliances Air Conditioners: General Ltd. Daiken Waves National Dawlance Sharp LG Refrigerator: Dawlance Phillips Sharp Samsung LG Deep Freezer Waves Candy Dawlance Television: Sony Phillips Panasonic PEL Power Division PEL Power Division based on three plants. These are Transformer Plant, Switch Gear and Energy Meter Plant. These three plants are now ISO 9001:2000 Certified. PEL Power Division manufactures transformers, Kiosks, shunt capacitor banks, energy meters, switchgears etc. These all electrical goods are assembled under strict quality control and also in accordance with Electric International Standards. PEL is one of the biggest electrical equipment suppliers to the largest power companies of Pakistan: Water and Power Development Authority (WAPDA) Karachi Electrical Supply Corporation (KESC) For many years, PEL Companys electrical equipments have been used in several power scheme of national importance with in Pakistan. PEL Company also has the heritage of getting its equipment agreed and authorized from well-reputed international specialists such as: Preece, Cardew and Rider, England Harza Engineering Company, USA Snam Progeti, Italy Societe Dumezm, France In spite of solid competition from up-and-coming local and multinational brands, PEL Groups Company of appliances and electrical equipments have remained in the attention due to continuous innovation. Strategic affiliation with multinationals of repute have allowed the PEL Group of Companies to incorporate advance technologies into present product ranges, thus providing the Pakistani market entrance to innovative, quality products and affordable. Energy Meters Single-Phase Energy Meters PEL manufactures Electro-mechanical Energy Meters under licence from ABB (USA). The quality of PEL meters has been certified by KEMA Laboratories (Holland) and conforms to IEC 521. Moreover, PEL Energy Meter plant is ISO 9001:2000 certified by SGS Yarsley, U.K. PEL type M8C is a direct connect single-phase meter. The design and constructional features include overload compensation, temperature compensation and self-cleaning, non-aging and tamper resistant magnetic bearing system. Thus providing maintenance-free operation over a longer period and accurate measurement of electrical energy. The frame is sturdy in construction and enclosed in unbreakable high-impact polycarbonate plastic security box. Ratings Voltage Frequency 10(40)A 240V 50Hz Poly-Phase Energy Meters PEL type C8L is a direct connect poly-phase energy meter having improved load performance and accuracy over a wide load range. All meter parts are corrosion protected for long-term reliability. Like single phase energy meters C8L also possesses non-aging, self-cleaning magnetic bearing system, which ensures virtually frictionless operation of the rotor while withstanding abuse from surges and magnetic tampering. The meter is available in high impact polycarbonate security box, which is extended type and completely shrouds service cables. Ratings Voltage Frequency 15(90)A 3*230/400V 50Hz Three Phase Solid State Energy Meter Three Phase Multi-rate Solid State Energy Meter (PE3-D) is used for the measurement of energy in three phase four wire networks. It is a direct connect meter that complies with the IEC 62052-11, IEC 62053-21 (IEC 61036) and optionally with the standards. PE3-D meters are manufactured in compliance with the ISO 9001 standards. Ratings Voltage Frequency 10(100)A 3*230/400V 50Hz Three Phase Solid State LT Type CT and HT Type CT PT Operated Energy Meter PE3-C is 3-phase 4-wire, multi-functional electronic meter with the accuracy of Class 1 for active energy and Class 2 for reactive energy measurement. It is connected Via CTs PTs. Meter complies with the IEC 62052-11, IEC 62053-21 (IEC 61036), IEC 62053-23 ISO 9001 standards. LT Type CT Operated Ratings Voltage Frequency 10(100)A 3*230/400V 50Hz Single Phase Solid State Energy Meter PE1-6 is single phase meter designed to meet the needs of domestic users. It supports single wire operation providing maximum security against tempering. PE1-6 conforms to IEC 62053-21 IEC 62052-11 and ISO 9001:2000 standard requirements. Ratings Voltage Frequency 10(40) A 230V 50Hz PLACE: (DISTRIBUTION) Mostly Producer use intermediaries to bring their products to market.   They try to forge a distribution channel a set of inter dependent organizations involves in the process of making a product or service available for use or consumption by the consumer or business user. Channel Levels: Disrtibution Channels can be described by the numbers of channel levels involved.   PEL uses both of the two major Marketing channels. Direct Marketing Channel: Its a marketing channel that has a no intermediary levels.  Ãƒâ€šÃ‚   PELs power division uses this type of channels.   Its major clients are large organizations and not the end user.   So people from these organization directly contact PELs marketing department of power division when tenders are flooded, design, specification and price are discussed.   Indirect Marketing Channel: It is a marketing channel containing one or more intermediary levels.   PELs appliances division works this way.   These products are sole through authorized dealer shops or PELs own outlets. DISTRIBUTION SYSTEM: Appliance Division: PEL has got a very effective distribution system that ensures the widespread supply of companys product through out the country for the sake of proper management. Zone  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Area Covered Northern Zone  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Punjab and N.W.F.P Southern Zone  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Sind and Baluchistan REGIONS The zones have been further divided in to six different regions. Karachi Multan Lahore Gujranwala Rawalpindi Faisal-Abad The distribution process at PEL Appliance is being looked after by the following personal. 1.  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   National Manager Sales (NMS) National Manager Sales (NMS) mainly responsible for watching the functioning of all Regional Managers Sales, Area Sales Officer and   Sales Office at the National Level. 2.  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Regional Manager Sales (RMS) Managers Sales (RMS) controls sales in his specific region and is the connecting link of all area offices currently the company has two controlling operation in Multan Region. 3.  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Area Sales Officers   (ASO) Area sales officer is responsible for making contacts with dealers product display and looking orders in his specific area.   The company has at present seven ASOs Managaging operations in Rawalpindi, Gujranwala, Multan, Bahawalpur, Lahore etc. 4.  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Sales Officers (SO) Sales officer (SO) looks after the sale operation in particular city.   Currently there are four sales officers two in Lahore, one in Faisalabad and Gujranwala each. 5.  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Assistant Manager Sales (ASM) Assistant Manager Sales (ASM) looks after the proper functions of sales in Southern Zone.   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   POWER DIVISION: For Power product there are no particular personal to deal with the distribution.   Sales procedure for power division is as follow. Sales Procedure Since the major buyer of PEL in Power Product is Government Sector, the sales procedure of Power/marketing department is quite different from Appliance/Marketing Department. The main steps involved in sales/marketing procedure of Power Division are: Bid Submission Bid opening Bid Evaluation Letter of Indent(LOI) Billing PRICE: Power Division Pricing Procedure: First the tender is received which shows the demand of the product. It is send to the production department. They make calculations about material cost, labor costs and Factory overhead, further taxes and duties are also calculated. Investment is calculated Then gross margin is added. Gross Margin= Labor Cost + FOH + Profit+ Financial cost + Miscellaneous cost   Financial cost is found out Term and conditions may be different in some cases. Appliances Division Price Procedures Sales tax, Octroi, excise duty is calculated above the cost of production. There is also a pricing trend depending on the models most demanded. Price is charged according to demand. Consumer product forces also show seasonal, variation i.e., their prices raise during wedding season and before Eid-ul Azha and   Eid-ul-fitar. PROMOTION MIX Pak Electron Limited uses advertising personal selling, sales promotion and public relations to pursue its advertising and marketing objectives. Appliances Division: To achieve the sales objectives To increase recall To restore the message in the customer mind. PEL has different Advertising messages for different products. Media for Advertising: There are three types of media on which advertisement are given: Electronic Media In the electronic media, POEL is using PTV,STN, PTV World. Print Media National and local Newspaper Magazines and Periodicals Out-Door Media à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Normal Boarding à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Neo-signs Incentive Schemes for Customer and Retailers. BBB.jpeg For attracting dealers and potential customers, Pak Electron Limited (PEL use the Pull and Push Strategy. PEL dont have too many outlets and does its major selling through the dealers and retailers, some of the incentives given to the dealers are: A Credit of 60 days. Rs.400/ set if dealer sells a certain amount of sets in six month. Pel gave a car to the dealers if they achieve the set target. Air Conditioners: à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Against the sale of 50 air conditioners discount is Rs.200/unit à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Against the sale of 50 air conditioners discount is Rs.400/unit. Refrigerator: à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   For sale of 150 or more refrigerators, the dealer is awarded with a Dubai Tour. All above schemes are changing according to period. POWER DIVISION Advertising Since power division is involved in industrial or direct selling to some big customers, its Promotional and advertising strategies are quite different from appliance division. Personal Selling:   The other promotional activity that the company takes on is personal relating company representative visit their existing and potential clients and describe the technical aspects and unique selling feature of their products. Public Relation /publicity: PEL tries to build its image among its consumers, personal and general public.   This because reputation of the business in recent years considerably tansnished. Almost no segment of business has escaped the attacks of activities identified with the social cause such as consumerism, environmentalism, employees safety etc. Management of (PEL) considers value of public relationing in promotion mix because à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   It is quite inexpensive à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Public relations can generated sale leads à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Public relationing has more creditability the advertisement In so far as publicity is concerned (PEL) is not using promotional tool effectively, sometimes press releases are published but there is no as such publicity by PEL.   However, some activity is taking place.   That consists of sponsorships of school cricket teams.   But more needs to be done about it. PRODUCT: PRODUCTS 1. Air Conditioners 2.   Refrigerator 3.   Deep freezer   4. Microwaves 5. Washers MODELS Imported (2) National/Sharp Above 40 Models Single-door/Twin 20 Liter to 52 Liter. Spinner Without spinner /Computerized Dawlance has an effective Product Development Division so they bring new and effective changes in their models.   They claim that they have first introduces Anti-Moisture Tubes   in their refrigerators, first introduced metallic sheet and have a very effective compressor having 5 pipes which give 100% results at 52 Centigrade. So they claim that they have strong RD Division. PLACEMENT:   Dawlance also use intermediaries to bring their products to market. Dowlance does not divide the customers into institutional buyer and business/consumer users. They sell for all and treated equally. Distribution channels can be described by the number of channel levels involved.   Dawlance uses both of the tow major Marketing channels. Direct Marketing Channels (No intermediary level) Indirect Marketing Channels (Containing one or more intermediary level) Distribution System Dawlance has got a very effective distribution system that ensures the widespread supply of companys product through out the country for the sake of proper management. ZONES Northern Zone Southern Zone REGIONS / BRANCHES 15 Branches all over the country. The distribution process at Dawlance is being looked after by the following personal. à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   National Sales Manager (NSM) National Sales Manager (NSM) mainly responsible for watching the functioning of all Branch Managers Sales, Area Sales Officer and   Sales Office at the National Level. à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Branch Manager Controls sales in his specific Branch and is the connecting link of all area offices currently the company has 15 Branch Manager all over the country. à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Area Sales Officers   (ASO) Area sales officer is responsible for making contacts with dealers product display and looking orders in his specific area.   The company has at present having ASOs Managing operations in all the branches. PRICING BASIS Sales tax, Octroi, excise duty is calculated above the cost of production. There is also a pricing trend depending on the models most demanded. Price is charged according to demand. Consumer product forces also show seasonal, variation i.e., their prices raise during wedding season and before Eid-ul Azha and   Eid-ul-fitar. PROMOTION MIX Dawlance uses advertising personal selling, sales promotion and public relations to pursue its advertising and marketing objectives. To achieve the sales objectives To increase recall To restore the message in the customer mind. Advertising Dawlance involved in both industrial or direct selling to some big customers, so its Promotional and advertising strategies are quite different from PEL because they also have some specific institutional buyers.   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Media for Advertising There are three types of media on which advertisement are given: In the electronic media, Dawlance is using PTV, STN, and PTV World. Print Media National and local Newspaper Magazines and Periodical Executive more focus and give priority to print media because viewer dont change the channels as adds comes. à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Out-Door Media Personal Selling: The Dawlances people claim that they have strong network of financial sound and technical-knowledge parties so their company representative visit their   existing and potential clients and describe the technical aspects and unique selling feature of their products. NNN.jpeg Public Relation/publicity: First Dawlance tries to select those dealer and parties who have a strong relations and image among their costumers, personal and general public.   This because reputation of the business in recent years considerably tansnished. Almost no segment of business has escaped the attacks of activities identified with the social cause such as consumerism, environmentalism, employees safety etc. Management considers value of public relationing in promotion mix because it is quite inexpensive public relations can geerated sale leads and has more creditability then advertisement. So far as publicity is concerned is not using promotional tool effectively, because they said that control the publicity massage at a certain level what effect it depends. Dawlance have varieties of incentive schemes to its dealer and business parties so they can attract dealers and potential customer efficiently and effectively. .   PRODUCTS PRODUCTS 1.   Deep freezer   2.   Refrigerator   3 Air Conditioners 4. Cold Bar MODELS Single door Double door/Glass-door Above 13 Models Cool Heat/cool Both Plastic body (SMALL) Institutional Buyers: à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Pepsi Cola International à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Canteen Stores Department (CSDs) à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Coca-Cola à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Be Be Jan Proteins Ltd. à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Pak. Fruit Juice Co.Pvt.Ltd. à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Hico Ice Creame à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Departmental storesWAVES PROMOTION MIX Waves also uses advertising personal selling, sales promotion and public relations to pursue its advertising and marketing objectives. To achieve the sales objectives To increase recall To restore the message in the customer mind. Advertising Waves involved in both institutional or direct selling to some big customers, so its Promotional and advertising strategies are quite same as PEL because they also have some specific institutional buyers. .   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Media for Advertising: There are three types of media on which advertisement are given: Electronic Media In the electronic media, Dowlance is using PTV,STN, PTV World. Print Media National and local Newspaper Magazines and Periodical Out-Door Media Personal Selling: The other promotional activity that the company takes on is personal relating company representative visit their existing and potential clients and describe the technical aspects and unique selling feature of their products. Public Relation/publicity: Waves have completive edge over dowlance and PEL because of its lower prices and having a strong relations and image among their institutions, costumers, personal and general public.   This because reputation of the business in recent years considerably tansnished. Almost no segment of business has escaped the attacks of activities identified with the social cause such as consumerism, environmentalism, employees safety etc. Management considers value of public relationing in promotion mix because it is quite inexpensive public relations can generated sale leads and has more creditability then advertisement. PEL have also varieties of incentive schemes for institutions (customers) dealer and business parties so they can attract them on the basis of these pull and push strategies. BBBB.jpeg

The objectives of Vodafone and how the stakeholders are influenced

The objectives of Vodafone and how the stakeholders are influenced Introduction The purpose of this assignment is to demonstrate the objectives of Vodafone and how the stakeholders are influenced by the company. It further illustrates the impact of the economic, social and global environment on Vodafone and how it helps them in making decisions. Moreover, the second half of the assignment shows how organizations in general act, role of the market structures and what are the strategies employed by the organizations to deal with them. Finally, The last task gives a good knowledge of how UK businesses have been affected by the European Union and whether joining the European Monitory Union is a solution to overcome recession. Mission, Objectives and responsibilities of an organization within its environment Mission, objectives and values: Vodafone is relatively a new company if it is compared with other UKs leading multinational companies such as Shell, BP and Rolls-Royce who have been in the industry for more than a century. Vodafone has defined a consistent set of values to achieve the aim of being a respected and pioneering company that puts the customer at the heart of their business. The essence of who they are underpins their values. They emphasize in the importance of; Speed   Vodafone is focused on speed to market, meaning they persistently prioritise and pursue the outcomes that matter to their business. Simplicity   They make things simple for their customers, partners and colleagues. Trust   They are reliable and transparent to deal with. They deliver for others, and believe on others to do the same. Their objective just like any other organization is reasonably high but they make no compromises in achieving their goals by not only having a bigger portfolio then the rivals but also by making sure that all the stake holders are influenced by the companys products and services. Influence of Stakeholders Vodafone believes in having constant feedbacks therefore dialogue between stakeholders is a part of normal business practice to them. This way the stakeholders are kept influenced by the company. Vodafone has the following stakeholders; Customers: Customers are the first priority and Vodafone ensures they are taken good care of. No customer would expect to be the cash cows hence it is essential that they are not overcharged for the products or services they use. They ensure this by marketing honestly; communicating openly and making sure customers are happy. Employees: Vodafone strongly believes that for customer satisfaction it is essential that the staff is well trained and have good knowledge of the products and services they are offering. Vodafone does that by recruiting and retaining the best people, invest in improving their skills and motivate employees by setting clear goals and reward them for achievements. Shareholders: They are the ones who have invested their money and time in the organization and therefore expect great returns or the share value of their company will decrease. Supply chain partners: The suppliers demands fairness and want to be dealt effectively and paid on time or it may cause a bad name for the company. Local community: They participate in local and national charities through The Vodafone UK Foundation, observe and aggressively reduce the impact of the business on the environment by recycling  mobile phones, reducing waste and energy saving activities. They also make certain that the concerns of local communities, pressure groups and all other stake holders are heard and considered before coming to a decision. Government: The governments controls organizations by putting laws and acting as watchdogs what the wants taxes, regenerate the area to reduce unemployment and ease disaffection amongst communities. Achieving the objectives of Stakeholders: Customers: Vodafone has 10% of the worlds market for mobile telephony and they have achieved this by safeguarding the rights of customers by setting up objectives and ensuring they are met precisely. Their reputation depends on earning trust of their customers and therefore they rely on the following main aspects for customer satisfaction. Content standards: Due to the large range of contents available online on mobile phones, Vodafone introduced a supervisory body where inappropriate content for all customers, especially young users are protected. Responsible Marketing: They make sure communications are always legitimate, decent, reasonable, authentic, straightforward and sensitive to the views of different groups in society. Pricing Policies: Clarity and affordability of pricing across the markets have been improved by introducing simpler price plans, and making tariffs more liable and flexible. They have also reformatted bills to help communicate the new price plans in a simpler way. Driving Safety: They support national legislation to promote safe use of mobile phones to drivers. For this reason they have invested in advertising and campaighing to Drive Safe! and also recommend hands-free kits to be used in cars for emergency. Product Safety: Before purchasing products, they conduct risk assessments to identify any health and safety issues. In the event that a product or piece of equipment is found to be unsafe, an immediate incident investigation is required and acted upon. Employees: Vodafone relies on it employees. Its their enthusiasm, talent and commitment that brought the company where it is today. Vodafone aims to treat all employees equally, ensuring healthy employee relations through open communication and consultation processes. Equal opportunity: Employee diversity is an asset to them, having employed people from different phases of life and of different gender and ages it helps them to serve customers all around the world. By instructing the recruitment consultants to recommend a suitable female candidate for every vacancy at management level, ensuring mobility needs are met for disabled employees and by international rotation of the employees; Vodafone aims to focus on Gender, Cultural and Disabled diversities, respectively. Reward and recognition: On meeting the targets they are given bonuses and benefits. They offer benefits such as medical insurance, subsidised mobile phones, share plans and retirement benefits. Training and Development: They provide training and development prospects to support employees gain new skills, and inspire them to reach their full potential. Vodafone offers a wide range of online courses related to specific aspects of the business or key skill sets. Community: Vodafone invests heavily in the community and has been working with various charities and welfare organizations to serve the community. For this reason they launch campaigns on a regular basis globally and domestically where they either contribute directly by giving charities, medical health to desired countries organizing events and asking the local people, their own employees and customers to participate in it for free. Vodafone also believes in being an environment friendly organization and therefore it encourages recycling of mobile phones and for this reason they are working on several campaigns as well. Responsibilities and Strategies employed to meet them: Vodafone is largest telecommunications Network Company in the world by turnover and they achieved this by being a pioneer in bringing revolutions. Being at this stage when they have other companies that look onto them, it is their responsibility to maintain their position. For this reason Vodafone is one step forward than its competitors. Vodafone does not only focus on the buying and selling of its products but also ensures that all the stakeholders are kept happy with their products by working on building a sustainable future. They are doing this by meeting societys needs and focusing on the areas where their interventions can address sustainability challenges most effectively at the same time as offering an attractive commercial return for their shareholders. They have set clear priorities to; Capturing the potential of mobile to bring socio-economic value in both emerging economies and developed markets, through broadening access to communications to all sections of society. Delivering progress against stakeholder expectations on the key areas of climate change, a safe and responsible internet experience and sustainable products and services. Ensure their operating standards are consistent and of an appropriate level across the group. Economic, social and global environment in which the organisations operate 2.1) Economic Systems: An economic system is a set of basic rules that a country implies to organize the ownership and allocation of economic resources.   From the countrys point of view, production of goods and services are influenced by the limited supply of elements as labour, land, natural resources and capital. Types of economies In general different countries adapt different types of economic systems. They are as follows; Planned Economy: In this type of economy the government controls the resources and has the command over every decision which is why it is also called Command Economy Mixed Economy: In a mixed economy both the sectors, individuals and the government, play a vital role in economic-decision making of the country. Market Economy: In such an economy market decisions are mainly dominated by supply and demand and the government. Government plays a minor role and the consumers drive the economy according to their needs. 2.1.1) Effective use of resources: The essential economic problem in any society is to provide a procedure for distributing resources and consumption among individuals who cant satisfy their wants, given limited resources. Every nation, no matter how the government works, who controls the government or how rich or poor the government is, three basic economic questions must be answered to allocate effective use of resources; What and how much to produce? From whom will it be produced? How will it be produced? UK Economic System: The United Kingdom operates a mixed economic system, where most of the decisions are to be made by the free market but at the same time the government has maintained a minimum wage, set out certain rules and regulations for environmental protection and provides medical facilities for the member of public. 2.2) Impact of Social welfare and industrial policy on organizations and wider community In 2007-08, about  £158 billion was spent on social security benefits in Great Britain. This amounts to approximately  £2,580 for every man, woman and child in the country and represents 25.6 % of total government expenditure. The UK believes strongly in the constant welfare of its people and therefore a public sector organization has been formed that ensures anyone who cant afford the basic necessities is given funds by the government through the tax payers money so that they can overcome poverty. Benefits are given from the day a child is born until the day he/she is deceased, provided they are entitled to it. One can be eligible for benefits if he/she is; Un-Employed Needs extra help with student finance On low income Expecting or bringing up children Ill or injured Disabled In retirement Caring for someone Although the social services system was introduced for the welfare of people, it has now been found out that a number of people have been misusing it and this has caused the government billions of pounds. Therefore in the recent budget the government has announced welfare cuts like freezing child benefits for 3 years, housing benefits restricted to a maximum of  £400 a week, a proper medical assessment for people claiming disability from work and so on and so forth. In my own opinion many of the benefits that are being reduced should not have existed in the first place. Vodafone and the benefits to employees: Depending on the location, Vodafone offer benefits such as medical insurance, subsidised mobile phones, share plans and retirement benefits. Retirement benefits are provided through a variety of arrangements, including defined contribution schemes. These vary depending on the conditions and practices in the countries concerned such as local market practice, taxation, legislation and the quality of the states pension. Industrial Policy: The issue of climate change is affecting the whole world and steps are to be taken to slow down this process. The UK Government is committed to showing international leadership in this area by taking possible steps to overcome this global issue. However, UK alone cannot overcome this because it is only responsible for roughly 2% of global carbon dioxide emissions. Vodafone and the environment: Vodafone takes climate change very seriously and has therefore set themselves a goal of being recognized as a green brand by 2010. For this reason they have already started working on securing the future by working on the following initiatives; Handset recycling   Fewer upgrades Universal and Solar chargers Reduced packaging E-billing Behaviour of organization and the market environment 3.1) How does market structures deviate from model of perfect competition Usually, while starting a new business firms start off in a perfect competition market, meaning they have many competitors and buyers. This basically gives them a chance to dissolve in the market. However, an aim for every successful organization is to be able to set a price they want and produce products that no one else is making. For this reason their approach from the beginning is to become a monopoly organization. However, Monopoly between organizations used to exist few years back but now it is impossible to have Monopoly because there is a lot of competition and the regulatory bodies ensure that no one has the right to take over the market all to themselves. Since becoming a Monopoly organization is not possible, the next best option is to adapt an oligopoly structure. This means there are not many competitors compared to what you find in perfect competition but its the maximum an organization can go to. In oligopoly they have a command over their pricing because not many buyers are selling it so they can set up a price accordingly and then approach the consumers. 3.2) Porters five forces: To start a business one needs to find out what problems they might face while entering a new market, for this reason Porters five forces are taken into consideration. Porters five forces go along with the market structures and it helps in finding out how each market structure may be affected by porters forces. Competitive rivalry With o2, orange, virgin, 3 and t-mobile operating in the market, there is a high rate of competition and therefore Vodafone ensures they are always offering services that give them a competitive advantage over it rivals. Bargaining power of customers The customers of Vodafone hold a very strong bargaining power because they can buy similar products and services from other rivals as well. For this reason Vodafone has to ensure that their pricing are very competitive and customer satisfaction is always taken into consideration before coming to a conclusion. Bargaining power of suppliers Due to the geographical existence and being one of the worlds leading mobile services providers, Vodafone has a good control over the suppliers. Vodafone has approximately 1550 suppliers worldwide and this enables them to have a command over the bargaining power of its suppliers. Threat of substitutes Vodafone faces  a low threat of product  substitutes. It is very difficult for the competitors to launch a similar substitute at a lower rate because Vodafone has already penetrated the markets and keeps itself up to date with the price changes and technological advancements. Threat of entry Threat of entrants is only possible when your products are either not according to the needs of customers or are relatively higher in price. For this reason Vodafone continuously keeps an eye on the market behaviour and reduces the costs compared to the competitors. Vodafone  being the  major supplier of mobile products  and services can reverse  the  trend set and make  it harder for the competitors  to make  a potential  entry. 3.3) Role of Competition Commission and regulatory bodies: Competition Commission and regulatory bodies act as a watchdog over the unfair competitions within the countries. They do this by limiting uncompetitive practices between the firms, allowing mergers and preventing monopolies from taking over the market. Regular checks are carried out by the committees on the organizations to ensure they are working on a fair trade. On 7 January 2002, Competition Commission made a ruling on Vodafone, along with o2, orange and T-Mobile over the call terminating charges. The committee did an investigation on this issue and declared that mobile termination charges were substantially high and therefore commanded the mobile networks to reduce it within a period of 4 years. Regulatory bodies such as competition commission play a vital role in maintaining a healthy competition within the markets. It is because of them that the emerging organizations can join the market and compete with the other maintained organizations. This gives the consumers an opportunity to choose from a variety of companies and get a better value of money. Significance of international trade and European dimension for the UK 4.1) Importance of international trade, economic integration and global markets to UK business organizations Resources are scattered around the world and there is not a single country that has everything it needs for continues development. Therefore international trade, economic integration and allowed entry of global markets in different countries are very important. The UK economy has one of the most open economies and is based on the services sector. It therefore encourages free trade with the rest of the world. Through this they are not only fulfilling the basic and essential needs of their people but also providing job opportunities within their country and throughout the world. Importance of Globalisation to UK Overseas Investments: There has been an increase of overseas investments both inwards and outwards in the UK economy. When companies from different parts of the world open a business in UK, they obviously bring a lot of investments, job opportunities and competitive products to the country and this helps in building the UK economy. Rising level of import penetration Particularly in those industries where Britains previous comparative advantage has been eroded such as textiles and clothing and the manufacture of lower-valued added electronic products. Developing a competitive advantage Through international trade there is no such thing as a monopolistic company in the UK. There are a range of similar services and products offered by different companies. These help the consumers in choosing from different suppliers and get a value for their money. Structural changes in industries For example the long-term loss of output and employment in industries such as textiles and other manufacturing sectors. This creates problems where factor resources are occupationally and geographically immobile In my view, Globalisation has definitely increased competitive pressures on British businesses in tradable goods industries. Cheaper prices for many international commodities and finished manufactured goods have certainly helped to control inflation in recent years and therefore reduce inflationary expectations. However, on the contrast due to Globalisation many of the well-known UK companies are now outsourcing their services which has resulted in lack of job opportunities within the country. This is weakening our economy and not leaving a good impact on our own people. 4.2) Impact of two policies of the European Union on UK business organizations The European Union is an economic and political union of 27 member states, primarily in Europe. Together these states merged to form the union so that they could have a mutual identity. Various policies have been imposed by the EU which benefits all the members in some way or another. The most important out of them are, Working rights: EU has given people from all the member states a great opportunity to find employment and study in other member countries. According to the EU commission, more than 15 million EU citizens have moved to other EU countries to work. This has given the developing countries like Poland a chance to utilize their skills in countries like UK and earn a decent livelihood. On the other hand, a large no. of people within the UK believes that the Europeans are stealing their jobs and they should not be allowed work in the UK but in actual they are just employed on the unskilled sector. In my opinion, there are still unskilled jobs in the UK market but the British either cant or dont want to work at the rates it is viable to employ them. So if you were to take all the Europeans out of the country, there will still be no jobs for the British in the unskilled sector. Free Trade: Easier cross-border trade within the EU means that small and medium sized organizations now have access to new export markets, which previously were not an option because of the cost and hassle that was involved with border bureaucracy. Single market has brought major benefits to the businesses in the UK. The free trade of goods have enabled the physical movement of goods within the UK and people across EU easily. This means that there are no trade barriers between the countries and people can freely expand their businesses. 4.3) Implication for the UK of entry into EMU In the past decades currency unions have failed so it is doubtful if the EMU will be a success either. As for the UK joining the EMU, I doubt this will be of any good. It is believed that UK might recover from recession if it joins the EMU but it is quite obvious that UK did not get into recession because of its currency. The Euro economy is also entering a recession and how can we expect to be saved by just joining the EMU is questionable. Moreover, in times like this it is more important that the UK should be independent of any monetary policy so that it could cut interest rates if necessary. Example, if the Euro economy recovers before the UK economy, interest rates may increase too quickly and harm the UKs recovery. The UK market for housing is quite sensitive to interest rates and many people have high mortgages. So, if the interest rate was to be increased or decreased it will have a great impact on buyer spending which can lead to either an inflationary boom or a deeper recession. I agree to the fact that the UK couldnt benefit from membership of the Euro currency which would have helped the tourists in using the same currency throughout the Europe and not be affected by the currency exchange rates, but it would be a very small percentage and would not have a great impact on UK economy because companies who are willing to expand and exchange business always get a much better deal than the tourists. Conclusion: This assignment in a nut shell has helped me in investigating what Vodafones economic environment is like, how it differs from other well-known organizations and what impacts does it have due to the social, economic and global factors. Vodafone is a global organization and their main aim is to satisfy all its stake holders, may it be the society, customers, employees and even government. It ensures this by having a clear vision and an approachable objective. For this reason, Vodafone always make use of effective use of their resources and take initiatives to overcome any sort of social and industrial issues while the regulatory bodies like competition commission act as a watch dog and ensures that there is always a healthy competition between organizations. Globalisation has affected everyone, in a good or a bad way. As for UK, where emphasize has been on the services sector it has been of a great use and is continuously building the economy because of the investments made by the global markets. However, the entrance of UK into European Monitory Union is still debatable because it may affect general public and the society.