...business Definition of Business PolicyBusiness Policy defines the scope or spheres within which decisions can be taken by the subordinates in an organization. It permits the lower level management to deal with the problems and issues without consulting top level management every time for decisions. Business policies are the guidelines developed by an organization to govern its actions. They define the limits within which decisions must be made. Business policy also deals with acquisition of resources with which organizational goals can be achieved. Business policy is the study of the roles and responsibilities of top level management, the significant issues affecting organizational success and the decisions affecting organization in long-run.Features of Business PolicyAn effective business policy must have following features- | | 1. Specific- Policy should be specific/definite. If it is uncertain, then the implementation will become difficult. 2. Clear- Policy must be unambiguous. It should avoid use of jargons and connotations. There should be no misunderstandings in following the policy. 3. Reliable/Uniform- Policy must be uniform enough so that it can be efficiently followed by the subordinates. 4. Appropriate- Policy should be appropriate to the present organizational goal. 5. Simple- A policy should be simple and easily understood by all in the organization. 6. Inclusive/Comprehensive- In order to have a wide scope, a policy must be comprehensive...
Words: 433 - Pages: 2
...19 6.4. Gap Analysis of Stretchline 20 7. Strategy development 21 7.1. BCG Matrix 21 7.2. Growth Strategies 22 8. Strategy in Action 26 9. Strategic Control 29 9.1. Procedure of controlling 29 9.2. Strategic controlling tools 29 Background of the Study It is fact that every country has 3 sections contribution to make the GDP like agriculture, industry and services. Industry has been invented to the Sri Lanakan market since 1977 with the industrialization policy adaption. Then apparel industry has great contribution to the Sri Lankan economy tremendously. It provides not only the massive export income but also novel technology with opportunities to unemployment. Sri Lankan economy gained GSP+ due because of perfectiveness in apparel industry. Apparently when illustrating factors in apparel industry the trade mark is MAS Holdings which is the empire of the Sri Lanakan apparel market. The journey begun when three brothers Mahesh, Ajay and Sharad Amalean started to do business in 1987 and made it to one of the pioneer lingerie manufacturing in South Asian region. It has almost 17 partners to build this empire and consist this without unbeaten. One of the major partners is Strechline pvt Ltd....
Words: 9233 - Pages: 37
...Page 1 of 27 Page 2 of 27 1. Executive Summary When Amazon.com started its business operations on 16-07-1995, with a few employees packing & shipping boxes of books from a two-car garage in Bellevue, Wash. The company's founder and CEO, Mr. Jeff Bezos used some of his time on the road to write the company's business plan when he was leaving N.Y. City for the Pacific Northwest. On its 15th-anniversary in 2010, Amazon is truly proud to be one of the world largest online retailers, selling everything from musical instruments and sports equipment to household appliances and apparels (Kayla, W. 2010). In our coursework group assignment, we are tasked to study and analyse the strategic management issues of Amazon.com. The case study will base on fourth quarter of 2007 as a current year. We will be evaluating the company's external and internal environments, how the company emerge into the industry by means of its strategies management in dealing with economic, technology & distribution issues and competition. We will also look at the company's vision & mission and it relate to the expansion of its product lines and reach, to increase its revenue and market share, and to understand and consider their possible near-term and long-term objectives that the organization could pursue. Lastly but not least, to out up recommendation for Amazon and conclude it with our learning experiences on BPS module. Page 3 of 27 2. Company Overview Amazon was founded by Mr. Jeff Bezos in 1994...
Words: 3512 - Pages: 15
...To be profitable. That is why business-minded people are eager to start one. But it is not easy to initiate a business. Besides from capital, one must have business permits and other requirements that can be acquired from the government. This proposed study tends to know the effects of the government policies on setting up a business, its advantages and disadvantages to the business, and if the requirements are just enough or too much for the business people to comply with. REVIEW OF RELATED LITERATURE Every business must get a certificate of registration first depending on their business’ structure. A sole proprietor business must get it on Department of Trade and Industry (DTI), for partnership and corporations is the Securities and Exchange Commission (SEC), and Cooperative Development Authority (CDA) for the cooperatives. After getting your certificate of registration, you will need to visit the following offices: Homeowners Association for businesses inside villages and subdivisions, Barangay Hall to secure a barangay clearance to operate your business, Local Government Unit (LGU) to process your business permit, Bureau of Internal Revenue (BIR) to apply for a business taxpayer identification number (TIN), register your books of accounts, point-of-sales (POS) machines and receipts. In the past, economists thought that government policies has no impact on business, but after the 1930’s Great Depression...
Words: 1527 - Pages: 7
...government policies for Tesco and the possible reactions of the business to government decisions. What actions the Tesco would take based on the policies? What the government expect the businesses to do? Possible reactions of the businesses to the government policies? What would businesses do for the changes the government makes? Economical policy Environmental policy health policy competition policy The economical policy affects Tesco’s. The possible changes the government could make are: * A rise is co-operation tax * A rise in Interest rates In order to take action Tesco’s could pass some of this tax to its customers charging higher prices for the goods/services. If interest rates start rising, this could be a downfall for the business and customers will reduce their expenditure. This depends if Tesco’s takes a loan out if it is struggling but because Tesco’s is a global organisation, they probably wouldn’t need to. If any of the problems do , the possible reaction may be that they may request the government to reduce tax/interest rates because businesses may not be able afford it and wouldn’t be doing as well as it was before. The environmental policy affects Tesco’s. Environmental concerns: * Carbon emissions * Sustainability * Complying with environmental laws Tesco’s is working on reducing emissions by 2020 and they can do this by reducing carbon footprint of their supply chain by 30%. Having sustainability in the business is better...
Words: 521 - Pages: 3
...CONTENT I. THE ROLE OF TOP MANAGEMENT AND THE IMPORTANCE OF COMPANY POLICY A. Introduction to Business Policy B. Responsibilities of Chief Executive C. Definition – major policy, objectives, strategy operating policies II. THE NATURE OF POLICY & STRATEGY D. Strategic Planning, Strategic Plans, Strategy and Policy E. Strategy and Policy F. Types of Strategy G. Strategy versus Tactics H. The Nature of Policies I. Procedures, Standard Operating Plans and Rules J. Types and Classification of Business Policies III. THE TOTAL ENVIRONMENT OF THE FIRM A. Key Factors which can Affect the Management B. Environment Constraints IV. INDUSTRY ANALYSIS: POSITIONING THE FIRM WITHIN THE SPECIFIC ENVIRONMENT A. The Industry Structure B. The Components of the Industry C. Status of the Industry D. Intra-Industry Competition E. Industry Analysis and Strategic Decision of the Firm VI. CORPORATE SOCIAL RESPONSIBILITIES AND RESPONSES A. Corporate Social Responsibilities of Business 1. Shifting Managerial Philosophies 2. Meaning of Social Responsibilities of Business 3. The Case Against Business Assumption of Social Responsibilities VII. THE STRATEGY OF USING FOREIGN INVESTORS AND LICENSES: A PHILIPPINE PERSPECTIVE A. Company Goals B. Potential Problems C. Point of View of Foreign Company D. Point of View of Government ...
Words: 266 - Pages: 2
...What is the relationship between business policy and business strategy? Organisations, institutions and government have to make decisions and actions (or inaction) which will result in a desired outcome. Before organisations, institutions and government can make those decisions they need to establish policies. Companies use policy to make sure that employees take actions that support the corporation’s goals, mission and strategy. The Encarta dictionary defines policy as a program of actions adopted by a person, group, or government, or the set of principles on which they are based. A policy is a broad guideline for decision-making that links the formulation of strategy with the implementation. Certain procedures are normally implemented to support each policy explaining how to apply the policy to the business’s customers, employees and products, and the instructions necessary to follow the policy. Business policies are broad guidelines for managers, supervisors, and other employees in their action (activities) for the achievement of objectives. Policies indicate how resources are to be allocated, and how task assigned to the organisation might be accomplished so that functional level managers execute the strategy properly. Business policy has general management orientation and tends primarily to look inward with its concern for properly integrating the corporation’s many functional activities. Business policy also deals with acquisition of resources with which organizational...
Words: 1088 - Pages: 5
...BUSINESS POLICY EVOLUTION OF BUSINESS POLICY Evolution of Business Policy Course by SREE RAMA RAO on NOVEMBER 2, 2010 Business policy as a distinct field of study was introduced at Harvard Business School way back in 1911. The course aimed at improving the general management capabilities of students. It was intended to tie together and give proper focus to the first year courses by showing how the functions of business both internally and as between businesses, were closely interrelated in practice and how a chief executive had to recognize and deal with those relationships. The course, however received widespread acceptance only after the publication of two reports in 1959. The Gordon and Howell report, sponsored by the Ford Foundation predicted that a course on business policy would give students an opportunity to put together what they have learned in the separate business fields and utilize this knowledge in the analysis of complex business problems! The Pierson report, sponsored by the Carnegie Foundation also recommended the introduction of the course strongly. Following these reports the business policy course was made mandatory in all business schools in the US for the purpose of recognition. In the course of time the course gained popularity in business schools in other parts of the world as well. It is being increasingly viewed as an integrative course offered to students after completing as set of functional area courses in Finance, Marketing, and Accounting...
Words: 4596 - Pages: 19
...Policy #2 The history of the American economy has been greatly impacted by the industrial revolution. Life as the people of this time knew it would have a big change ahead of them. The normal life of using your hands to produce products would become more of machines doing the manual work. There was a boom in population and income stemming from the economy becoming more efficient. The Industrial Revolution increased the supply of goods dramatically from the invention of a mass-production technique that was represented by Henry Ford. The majority of the increase of supply was largely seen in mining, steel, oil, transportation networks, communications networks, industrial cities, and financial centers, but also consumer goods. The concept of people not having to use their hands as much anymore was an important advancement. The time being saved was significant not to mention how efficient these steam powered machines were in production. Now the overall work time is being cut dramatically considering they could now have settings for machines to produce the work. At the same time, the workers needed to realize this meant there would be less jobs available for employees. There would be less work to manage, but this led to creating a bigger profit since there was not as much man power needed in the factory. This idea of having the machine do the dirty work sparked the importance of profits for the business leaders, which over time has arguably led to the greedy business leaders we...
Words: 5463 - Pages: 22
... : H.L. Liyanage (09151150) : S.K. Wirthamulla(09153551) Subject Name : Business Policy Batch Number : 13 BSc in M I S Executive Summary Cargills (Ceylon) PLC is one of the foremost and the largest retail chain in Sri Lanka with having over 150 outlets widen transversely the island covering 20 districts, counting Cargills Big City hypermarkets, Cargills Food City supermarkets and Cargills Express convenience stores. Today Cargills is the leader in the food and beverages sector and is ranked among the top 10 companies in Sri Lanka with over 4,600 employees. Supermarket industry is one of the high competitive industries in Sri Lanka. Within this assignment we analyzed the internal and external factors that affected to Cargills and generate strategies which help to gain competitive advantage among competitors. In this Assignment we concern about SWOT analysis and TOWS matrix. According to those analyses we develop corporate, business and functional strategies to Cargills which help to achieve its vision Contents Executive Summary 2 Our Business 4 Overview of the Industry 5 Organization Vision, Mission and Objectives 7 Vision 7 Mission 7 Objectives 7 SWOT Analysis 8 Strengths 8 Weaknesses 9 Opportunities 10 Threats 10 TOWS Matrix 11 SO Strategies- 11 ST Strategies- 11 WO Strategies- 11 WT Strategies - 11 Strategies 12 References 15 Our Business Cargills (Ceylon) PLC is one of the foremost and the largest retail chain in...
Words: 3073 - Pages: 13
...Luisa Sanchez Fastenal Group 5 Luisa Sanchez Fastenal Group 5 Contents Executive Summary 3 Background 4 Strategy 5 SWOT ANALYSIS 6 Strengths 6 Weakness 8 Opportunities 8 Threats 10 Problems 11 Strategic Alternatives 13 Bibliography 19 Appendix 1 19 Appendix 2 20 Appendix 3 21 Executive Summary Fastenal has more than 2,600 stores with more than 10,000 employees working under them. The stores are all over the United State, Canada, Mexico, Central and South America, Europe and Asia. They have local distribution centers to serve their entire local stores worldwide. The company has invested in things that make a difference for their customers, continuously improving a many-sided service network, which includes a strict quality management system by their engineering teams, and testing laboratories around the world. The company also introduced industrial vending machines, which has become widely used industrial vending system in the world. Fastenal also has manufacturing divisions in North America, where they can custom engineer parts to customer specifications. A downturn in the economy and other factors may affect customer spending, which could harm their operating results. A downturn in either the national or the local economy where the stores operate could negatively affect sales at their stores and their level of profitability. Due to these factors, Fastenal has been adjusting their strategy as they go a long to be the number...
Words: 5295 - Pages: 22
...Niagara Bottling LLC, Vs PepsiCo Aquafina Grantham University Niagara Bottling LLC, Vs PepsiCo Aquafina Niagara Bottling LLC Mission Statement Niagara’s mission is to be the premier national bottled water supplier by providing customers with unmatched quality, price, and service. Niagara was started in 1963 by Andrew Peykoff Sr. in Southern California. Niagara begin with five-gallon glass containers and then expanded in the 90’s to single-serve bottles which offers convenience for their customers. Niagara focus is on providing quality water at a good price. Niagara product innovations included bottle designs and production speed, thus making them the leading private water bottled company in the industry. Niagara is known for being leader in high quality water throughout the United States. Their 10 bottling facilities makes them the largest family-owned company in the water bottling industry. They sells directly to distributors and well-known big box chains. Niagara uses the uses purification and disinfecting techniques that allows them to produce safe drinking water. Their dedication, hard work, and consistency has made them the most successful water company in the United States (Niagarawater.com, 2016). In 2013, Niagara celebrated its 50th anniversary, which shows that they have been consistent with sales and product innovations. Sidel, a bottling equipment has helped Niagara achieve is competitive position by allowing them to bottle using a high-speed turnkey...
Words: 803 - Pages: 4
...Chapter IV Internal Analysis I. Analysis of the company’s existing strategies Herman Miller is a globally recognized provider of furnishings and related technologies and services, based in Zeeland, Michigan. The company’s corporate mission is simply this: “Inspiring Designs to Help People Do Great Things.” Herman Miller designs and those developed in partnership with world class independent designers solve real problems for people wherever they work, live, learn, and heal. In line with their vision to meet the needs and aspirations of a growing global population, Herman Miller places great importance on design, the environment, community service, and the well-being of their customers and employees. They believe that human life is dependent on both economic vitality and a healthy environment, and that it is possible to grow in the furniture industry without compromising the sustainability of ecosystem on which all life depends. (Herman Miller, 2015) Here are some of the existing strategies used by Herman Miller: Strategy | Description | Results | Suggestions | Limit fixed production costs by sourcing component parts from strategic suppliers | Herman Miller increases the variable nature of their cost structure by outsourcing component parts from partner suppliers while retaining proprietary control over those production processes | Manufacturing operations are largely assembly-based | MAINTAIN | Inventory control through Just In Time (JIT) process | MLHR manufactures...
Words: 796 - Pages: 4
... Answer : 1 – 20%, 21 - 40%, 41 – 60%, 61 – 80%, 81 – 100% • How does online networking affect your social life? Answer : Does not have an effect on face to face communication, Somewhat has an effect on face to face communication, Replaces most face to face communication • Have You Ever Been A Victim Of On-Line Bullying (offensive comments or emails)? Answer : Yes, No Positive Effects: * Do you feel that if you were to not participate in social networking you would be missing out? Answer : Yes, Sometimes, No * Are you with using social networking technology for learning in schools/colleges? Answer: Strongly agree, Agree, Fair, Disagree, Strongly disagree * Do you think privacy policies are effective in social networking sites? Answer: Strongly agree, Agree, Fair, Disagree, Strongly...
Words: 271 - Pages: 2
...NATA Position Assignment Prevention screening Lightning activity Stay indoors as much as possible during li Know where the shelters are If in vehicles, keep doors and windows shut Stay inside a safe building for at least 30 minutes Sickle cell Training – know signs and symptoms Diagnostic testing to see if sickle cell is presents Screening is self reported so make sure everyone has those forms in Head down Avoid spearing during competition No head-down contacts Football helmets cannot stop an axial load, just fractures Contact with shoulders and chest not head Play with head up/Proper technique Teach athletes the importance of proper technique Heads Up Training videos Asthma Physical examiniation before activity Ensure proper warm-up, extra warm-up to decrease symptoms and use of medication Athlete should know the triggers of symptoms Healthcare profession should know the medications Brain Injury AT is responsible for concussion education for both athletes and athletic staff Reporting concussion/not playing while symptomatic AT needs to make sure that equipment is up to standards Cervical Spine Coaches and athletes educated on the mechanism of injury Spine-boarding recertification yearly Proper equipment removal Recognition Sickle Muscle cramps, pain, swelling, weakness/tenderness, fatigue, inability to catch breath, collapse ...
Words: 431 - Pages: 2
