...Business is Show Business: An Article about Business Presentations By Mohamed Daher The article was written by Brigitte Biehl-Missal. She is a professor in the Aberystwyth University. It was published in the Journal of Management Studies on May 2011. The article does not talk about management procedures or decisions, but rather, it talks about business presentations and the impact of visual and on-stage performances of senior managers and CEOs when they are giving presentations. What does the article discuss? It explains that life is becoming increasingly theatrical and visual in character. These days, more and more theatrical practices are being used by corporate leaders for creating strong and effective performances. The article explains that ‘stage-managed’ and real-life management presentations are treated as important devices for representing the organization and for managing the impressions of targeted audiences The publicity of such events: * Increases participants’ efforts to engage in theatrical behavior * Increases participants’ attention in big corporate events such as annual general meetings (AGMs) * Increases the effectiveness of the messages delivered in these events in a theatrical manner * Importance of theatrical-style presentations These presentations target important people for the organization: shareholders and public stakeholders, at employees, and at financial journalists and analysts; All these are important audiences in annual...
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...The Significance of employability, personal and communication skills in recruitment of staff Employability means the reason of the characteristics which gives people a chance to get a job, and also advance in their job role and adapt it to any given sector. Employability is improved by strong personal and communications skills which will improve the chances of getting employed by an employer There are numerous skills and qualifications desirable when applying for a job. Employers will look for an employee which is seen as smart looking person if they are a friendly person who has a good or can create a strong relationships with employees who are already in the job this would be seen as an key employability skill as the employees could be more efficiently another key employability skill is that they are well suited to the job they are going for this is important requirement as it will help you go for the job which you are trying to get as it could be put yourself above other applicants as you are best suited for the job. If they skills you have are what are needed for the job then then you will be in a good position in getting the job. If you do not have the credentials needed for the job then it is unlikely that the employer will select you for the job. In every job you will need good communication skills. You must be able to communicate well with staff to work effectively. No matter what job sector it may be most jobs include communication with fellow employees or the...
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...According to the information that I have been provided I have created the following payoff matrix to show the best possible business strategy for your client Fuse Soda Company regarding the question of hiring a celebrity spokesperson. Frantic Soda Company hires celebrity spokesperson | Frantic Soda Company does not hire a celebrity spokesperson | Fuse Soda Company hires a celebrity spokesperson 0% gain in market shares for either Fuse or Frantic Soda companies10% increase in profit for both Fuse & Frantic Soda companies | 15% increase in market shares & profit for Fuse Soda Company20% decrease in market shares & profit for Frantic Soda Company | Fuse Soda Company does not hire a celebrity spokesperson 15% increase in market shares & profit for Frantic Soda Company20% decrease in market shares & profit for Fuse Soda Company 0% change in market shares or profit for either Fuse & Frantic Soda companies | According to Molly’s predictions Frantic Soda Co. will hire a celebrity spokesman regardless of whether Fuse Soda Co. hires one or not. Assuming that Frantic Soda Co. does hire someone and Fuse Soda Co. does not this will result in a 20% decrease in market shares and profit revenue for your client. It is in my highest opinion that your client Fuse Soda Co. proceeds in hiring a celebrity spokesperson and reap the benefits of higher profit. If Frantic Soda proceeds to hire someone your client will still have at least a 10% gain in profit, if Frantic Soda decides not...
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...The reason I have chosen the trade show industry for my paper is because this is the industry I will be working in after I graduate. This industry is very different from other industry because it has its hands in so many different industries. This is because trade shows are organized for industries to get together and interact. The industry I am focusing on are the companies that put on the trade shows. Along with research I am also knowledgeable about this industry because I interned last summer for a company call Reed Exhibitions which is one of the largest trade show companies world wide. Reed Exhibition is one of the large companies you will find in this market. They have a portfolio of about 500 events and trade shows in 39 different countries. This industry is mostly dominated by companies such as this one. The structure of the trade show Industry can be broken down into three sections, business to business, business to consumer, and a combination of both. Trade shows from the business to business part of the industry function by making deals at the tradeshow. Trade shows are created around a certain industry, examples of this are G2E which is a casino game trade show or Accessories The Show which is a fashion accessories trade show. These shows are set up with exhibits put together by companies that sell products to other companies. These shows are then attending by companies that work with the consumers and they can look and interact with exhibits and companies...
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...allocation and allowing them to concentrate more on efforts on the core business. In the first quarter of 2008 The Home Depot, Inc decided to close 15 underperforming stores and still making an operating profit and $41 billion in assets. Any business needs to be able to look at and analyze their Income Statement, Balance sheet, and Statement of Cash Flow to help determine if they are successful and if they need to make any adjustments to the business operations to make it more successful. Income Statement The Consolidated Statements of Earnings tells how the business is doing in performance and profit. This statement shows the gross profit growth, operating expenses, operating income, and earnings from continuing operations before provision for income taxes, and the earnings from continuing operations. The statement for The Home Depot, Inc. shows how the business had a decrease in fiscal year 2008 of 7.8% and a decrease in Net sales. The Home Depot, Inc. reported Net Earnings of $2.3 billion in fiscal year 2008 compared to $4.4 billion in fiscal year 2007. The statement reflects some of the decisions taken to improve and the closing of the stores for that year to improve in other areas. This Income Statement is very important because it will reflect the success of the business as well as the profit that is made. This will show is an investor is willing to invest in the business or if the business can show...
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...“Fashion Show” A fashion show is an event put on by a fashion designer to showcase his or her upcoming line of clothing during Fashion Week. Fashion shows debut every season, particularly the Spring/Summer and Fall/Winter seasons. This is where the latest fashion trends are made. In a typical fashion show, models walk the catwalk dressed in the clothing created by the designer. Occasionally, fashion shows take the form of installations, where the models are static, standing or sitting in a constructed environment. The order in which each model walks out wearing a specific outfit is usually planned in accordance to the statement that the designer wants to make about his or her collection. It is then up to the audience to not only try to understand what the designer is trying to say by the way the collection is being presented, but to also visually deconstruct each outfit and try to appreciate the detail and craftsmanship of every single piece. A wide range of contemporary designers tend to produce their shows as theatrical productions with elaborate sets and added elements such as live music or a variety of technological components like holograms, for example. Types of Fashion Shows 1. Ready-to-Wear Ready-to-wear shows feature more practical, down-to-earth looks that the mainstream population might want to buy. Many middle-class name brand retailers draw inspiration from the ready-to-wear looks of high-end designers, including Gucci, Prada...
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...financial decisions in their lives. The balance sheet also helps businesses function. A business manger uses the balance sheet to make important decisions. These decisions help the business run functionally. With out a balance sheet the business manager’s decisions become harder. Companies need to understand what the financial documents are telling them. Application of Financial Statement Select either the balance sheet or income statement and explain how the use of it may be applied to your everyday life. A balance sheet is a financial statement that summarizes a company’s assets, liabilities and shareholder’s equity at a specific point in time. These three balance sheet segments give investors an idea as to what the company owns and owes, as well ad the amount invested by the shareholders. A balance sheet can be applied to everyday life by allowing a person to get a quick handle on the financial strength and capabilities of their life. If a person keeps a balance sheet they are able see what steps they need to take in their personal lives. The balance sheet will allow the person see if they are overspending on credit compared to paying cash to purchase goods. The balance sheet can help somebody decide if they really need the item that they want to purchase. By keeping a balance sheet it is able to determine if to much spending has happened. A balance sheet can show if somebody is financially in trouble. If a balance sheet is kept, the net equity is...
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...The main goal of most businesses is to gain profit and have less spending costs all together. If a business is not making money, the owner of that business really has no reason to keep that business open. It is both a waste of time and a waste of money if there is no profit to be made. Many businesses deal with money all the time but how do they really know how much profit was made at a certain point of the year or a certain time of the month. If a business cannot keep track of the money coming in and the money being spent it cannot keep track of whether it is making money or loosing money. Fortunately, we have a solution to keep track of the money our businesses are making and the money our business are spending. Our Solution to our questions about cash flow is financial statements. Financial statements can be beneficial to internal and external sources that are interested in making a business grow. There are four basic financial statements that makeup the backbone of financial accounting. These four statements are balance sheets, income statements, retained earnings statements, and statements of cash flow. A balance sheet is used to show your business’s assets, what your business owns, and the business’s liabilities, what your business owes. It can paint a picture of your business’s finances at a specific point in time. An income statement shows how successful the business was for a certain season of the year or a certain period of time. Expenses are subtracted from revenues...
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...For Lucy to gain a better understanding of how well her business is doing, she could uses accounting ratios. By following these ratios, she can therefore measure the financial performance of her business. Gross Profit Percentage The first ration is Gross Profit Percentage (GPP) this ration show how much of the company’s revenue is retained as gross profit. This is shown as a percentage. If the overall percentage is a high figure, it shows Lucy is in control of purchases she is making. GPP= (Sales-Cost of Sales) / Turnover Looking at Lucy’s Profit And Loss Sheet, we can see that Sales = 150000 Cost of sales = 50000 Revenue = 100000 This means the ratio for Lucy’s Gross Profit Percentage would be £150000 - £50000 / £150000 x 100 = %25 This figure is low and this is because she is using some of her profit money to buy more stock than she needs to. Net Profit Percentage Net Profit Percentage shows the percentage of turnover after all expenses have been taken out. If the business was to have a high GPP but a low NPP, it suggests the operating costs of the business are too high as they are taking too much profit out of the business. If NPP is substantially lower than GPP, it would mean the business needs to take action to decrease their daily running costs. NPP= (Gross Profit-Expenses) / Turnover Looking at Lucy’s profit and loss, sheet we can see that Gross Profit = 100000 Expenses = 53800 Turnover = 46200 This means the ratio for Lucy’s Net Profit...
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...corporate structure of the business. An Organizational Feasibility Study may also include professional background information about the founders and principals of the business and what skills they can contribute to the business. Your organizational feasibility study should include: 1. Description of Your Business Structure 2. Description of Your Organizational Structure 3. Internal and External Principles and Practices of the Business 4. Professional Skills and Resumes 1. Description of Your Business Structure This section contains a narrative description of the legal requirements for establishing your business and why you feel this is the right structure for your business. Discuss the pros and cons of different business structures. For example, a sole proprietorship leaves the sole proprietor open to both financial and legal liability risks. A high-risk business should never be set up as a sole proprietorship because it will make it difficult to attract investors as well as clients and customers. It is also the hardest and most expensive form of business to insure. If you wish to become a tax-exempt organization, you will need to incorporate, file for tax exemption with the IRS (and, in some cases, within your own state), and set up a board of directors and officers of the corporation. You will also need to decide if your organization should be a membership, or non-membership organization. 2. Organizational Structure Discuss your business’ organizational structure...
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...Unit 17 Learning outcome 1: know E-business in the hospitality industry Celine van Norden IEMS 2 Table of content 1.1. Introduction Page 3 1.2. Definition of E-business Page 4 1.3. Applications of E-business Page 4 1.3.1 Business to consumer 1.3.2. Business to business 1.4. Hotel Page 5/6 1.5. Restaurant Page 7/8 1.6. Nightclub Page 9/10 1.7. Contract food service provider Page 11/12 1.8. Hospitality service Page 13/14 1.9. Membership club Page 15/16 1.10. Event Page 17/18 1.11. Conclusion Page 19 1.12 Sources Page 20 1.1. Introduction This unit is about the E-business in the hospitality industry. To explain the different types of E-business in the hospitality we had to chose one hotel, restaurant, bar/nightclub, contract food service provider, hospitality service, membership club and an event. First write down the definition of each business, then choose one and give information about the company + print screen of their website and at last make a table of the business to customer and the business to business service. 1.2. Definition of E-business E-business is the administration of conducting business via the Internet. This would include the buying and selling of goods and services, along with providing technical or customer support through the Internet. e-Business is a term often used in conjunction with e-commerce, but includes services in addition...
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...Ratios I have been asked to illustrate the financial state of a given business by using ratios, to do this I will use accounting ratios to show the financial sate of Scrumptious. One of the ways a business can measure how it is doing is through ratio analysis. Ratios can help Scrumptious to see how it is doing now and how it compares to last year of the year before and against competitors. For these ratios to be useful, they should be compared over time to see if there are any trends and also compared between businesses within the same industry. I will be using the following ratios Solvency Ratios, Profitability Ratios and Efficiency Ratios, to illustrate the financial state of Scrumptious. Solvency Ratios Businesses can use ratios to work out their solvency by using current ratio and acid test ratio. These ratios allow businesses and potential investors to see how well they are able to meet their liabilities. A business is considered to be solvent when it can pay its debts as they become due. In day to day terms, this means it can pay its suppliers by having enough working capital. There are two key ratios that help business determine whether their business is showing a solvent position. Current ratio This ratio shows how many assets a business has compared to liabilities. It shows how easily it would to be paying its creditors to current ratio looks at relationship between current assets and current liabilities. These figures are always shown on the balance...
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...to each other to show a specified amount of time. Without one of them, an accountant cannot see accurately the state of a business. Accountants are not the only people who find this information useful. Internal and external users can find the information that they need about the state of a business and its finances through these four statements. The income statement shows a broad view of how successful a business is. It shows how much the company earned in revenue and how much the company spent in expenses. By deducting the expenses from the revenue, the net income is the leftover amount. The net income is how much pure profit the company earned. This statement is important because it not only documents past and current success but also can predict future success. The retained earnings statement shows how a business pays dividends to its stockowners. If the business is profitable, the accountant takes the net income provided from the income statement and deducts the dividend from it. The net income minus the dividend is the retained earnings. It is the retained earnings that provide the most accurate portrayal of profits. If the company does not make a profit in the time posted, the dividends come from the previous time’s profits. The balance sheet is the most complex of the financial statements. The purpose of this sheet is the make sure that there are enough assets to cover the claims to assets. Assets are the resources that a business has. Claims to assets...
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...EMPLOYED)*100 R.O.C.E=159.2/300*100 =53.066% Return of capital employed is when investors receive money back on their capitals. For business the results of ROCE in 2007 show that the business made a return of 53% out of 300 of capital employed. The high return of 53% shows that business has made high net profit and the business making is being profitable. This will then give the investor money on back on their capital. On the other hand in 2008 the result shows that the business made 49% out of 334 employed. This is the money they receive after net profit was taxed. This means that the higher the capital employed the less money investors would receive. They need to improve this by preserving operating profit as well as minimizing the amount of capital employed to increase ROCE FOR 2008. ROCE should be higher than the company capital employed. This is a long term ratio, which shows how effectively assets are performing while taking in thought long-term finance. Potential investors are interested in the ratio to see how efficient a business uses it capital employed and their long term financing strategies. RONA: Return on Net Assets x=(Net Profit)/Sales×365 x=(159.2 )/500×100= 31.84% In 2007 the business made a return of 31.84% on return net assets, this shows that the business is not doing so...
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...Chapter I EXECUTIVE SUMMARY This study encourages the researchers to come up with the study entitled “The Restobar Industry at ______________ and ____________: An analysis” because of the fast- growing and profitable business such as restobars in the provinces. Wherein, restobar industry is essentially retailer of prepared foods, prepared drinks and its operating performance is influenced by many of the same factors that affect traditional retail stores. For the most part, restobar has business models that are relatively easy to understand. Nonetheless, there are a number of unique factors to consider when making investment decisions regarding this large and segmented industry. Competition between restobars is intense, since dining and leisurely drinking options abound. And, while there are certainly dominant players in this industry (especially among fast-food purveyors and large fast- food chains that offers to drink and dine), no one company has the market cornered. Indeed, virtually every restobar location must compete not only against other publicly traded chains, but also with a wide array of small, local establishments with a touch of marketing strategies and advance advantages. Competitors include everything from advance technology lighting, romantic atmosphere and ambiences to boldly flavored drinks to fine- dining and drinking style. Furthermore, it is relatively easy to forgo to prepared foods and drinks which is usually a less expensive option. Statement of...
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