Assignment 1: Comparing Two Similar Businesses Bus302: Management Concepts Border Books and Amazon.com both started out selling books. So, why is Amazon.com one of the largest retailers in the world and Borders Books is out of business? There are many things that go into making a business a success. It is not enough to have a product to sell and a location to sell that product. In order to understand the difference between Amazon.com and Borders Books, it is important to
Words: 2070 - Pages: 9
Comparing Two Similar Businesses Terry Tillery BUS 302 Strayer University Professor David Fish CERTIFICATION OF AUTHORSHIP: I Terry N. Tillery certify that I am the author of this paper and that any assistance received in its presentation is acknowledged and disclosed in the paper (at the end). I have also cited any sources from which I used data, ideas, or words, either quoted directly or paraphrased. Correspondence concerning this paper should be addressed to Terry N. Tillery, Strayer
Words: 908 - Pages: 4
Introduction. In this assignment I will be describing the ownership of two contrasting business, which will be Oxfam and Royal Mail. Also, I will describe the different types of business and the purpose of the businesses. For Oxfam and Royal mail, I will describe the different stakeholders that influence the purpose of the businesses and how the businesses are organised. I shall also explain how Oxfam and Royal Mail’s style of organisation helps them to achieve their purposes. I’ll also be explaining
Words: 733 - Pages: 3
Comparing Two Similar Businesses Professor Kevin McKenzie BUS 302- Management Concepts April 29, 2012 Describe the history and core business of each company. Amazon is considered one of the biggest retail internet companies of today.It is a plain and simple site that attracts an online community. Amazon opened for business July 16, 1995 by a young man named Jeff Bezos. It started out as nothing more than a few people packing and shipping boxes of books from a two car garage
Words: 1514 - Pages: 7
Title: Comparing Two Similar Businesses Name: Latosha Faust Course: BUS 302 Management Concepts Date: 7/25/12 Instructor: J. Angles Describe the history and core business of each company. Jeff Bezos, vice-president of the Wall Street firm D.E. Shaw, left his job in 1994, moved to Seattle, and began to work on a business plan that would become Amazon.com. After reading a report that projected annual web growth at 2,300 percent, Bezos drew up a list of 20 products that could be sold on
Words: 1886 - Pages: 8
adaptability to the markets changing conditions and recommendations a company should build in flexibility to back decisions to adapt to these market changes. Let us start with a timeline of Borders Books which was founded in 1971 by Tom and Louis Borders. Two brothers opened an 800-square-foot used bookstore and called it Borders Book Shop located at 211 S. South State St. in Ann Arbor Michigan. Borders had eight CEO’s over its 40 years. Starting in 1988 when Borders recruits Robert DiRomualdo to lead the
Words: 2441 - Pages: 10
11/26/2014 America's Most Successful Family Businesses Family businesses make up an incredible 34% of the S&P 500 Index, meaning over 170 of our nation's 500 largest companies are family owned (Caspar, Christian). To some, this figure is extremely surprising, as it shatters the commonly held misconception that family firms are simply "mom and pop shops." Although it is clear that family businesses are capable of incredible widespread success, exactly why this is the
Words: 3063 - Pages: 13
Describe how two businesses are organised It is extremely significant that businesses are organised. If businesses are organised they are more likely to be efficient, effective and productive. One way in which a business is organised is by organisational chart. An organisational chart is a diagram that shows the way in which staff in a business/company are organised. The chart displays the specific roles and responsibilities of employers/employees; it displays who staff are responsible for and who
Words: 414 - Pages: 2
A budget is a financial plan for the future concerning the revenues and costs of a business. However, a budget is about much more than just financial numbers. Budgetary control is the process by which financial control is exercised within an organisation. Budgets for income/revenue and expenditure are prepared in advance and then compared with actual performance to establish any variances. Managers are responsible for controllable costs within their budgets and are required to take remedial action
Words: 1429 - Pages: 6
The Impact of Political, Legal and Social Factors on Two Businesses All businesses in the world have to obey to the political, social and legal factors that are within the world. These factors can have both a negative and positive effect on the business. The businesses I will be concentrating on is Toys ‘R’ Us and National Health Service. Toys ‘R’ Us Political Factors Political factors that affect businesses include new legislation such as the national minimum wage and setting tax rates such as
Words: 1817 - Pages: 8
