The following report consists of two parts; PART A identifies Whitbread’s main business information users (or, stakeholders), based on the information provided on their website. In contrast, PART B analyses different types of business structures and determines the pros and cons of Whitbread being a PLC. Tables and bulleting are used throughout the text to convey a vast volume of information in the given scope.
-PART A-
1. MAIN BUSINESS INFORMATION USERS AND THEIR NEEDS – KEY WHITBREAD’S STAKEHOLDERS
Business information can be used for a variety of reasons, depending on stakeholders and their needs. The following table presents a concise analysis of external and internal business information users. Further, it identifies
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The below table compares and contrasts business structures on the basis of the most common issues, naming: taxation, liability, risk and control, continuity of existence, transferability and expense and formality (Quickmba, n.d.). Also, you will notice that in the table the similarities are extended from one structure to the other, while differences are kept in separate cells. | Sole Proprietor | General Partnership | LLP | LTD | PLC | Ownership | Owned by individual | Owned by partners in line with their partnership agreement | Owned by shareholders in line with their shares | | | Formed by 2 - 20 partners; | Must have designated members | Up to 50 shareholders | From 7 shareholders, no max. | Taxation | Taxed on incomes and gains up to 40% | Corporation tax on their income and profits (normally 20%) | | Treated as self-employed | Partners are taxed on their share of the profits | Usually not liable for Corporation Tax | | Public Disclosure | Not necessary | Must file its annual accounts at Companies House after financial year end | | | Within 9 months | Within 9 months | Must present its accounts to an AGM within 6 months | Liability | Personal liability - unlimited (all debts and obligations) | Personal liability is limited to their investment | Risk and control | The owner has full control, but the risk is high | All the risks, but also control over
This paper will discuss how an information system is critical to the business process of an organization and how the information has impacted the organization 's structure.
Information can be relative to anything with regards to an organisation. When it comes to customers, it can be their address, telephone number or outstanding payments, when it comes to employees, it can be their appraisals, salaries, again their address and telephone numbers, and for the business, it can be the business’s finances, profits, employee and customer details, and various other information.
The purpose of this assignment is to understand the range of different businesses and their ownership. I chose Sainsbury’s and Oxfam as they are businesses with different characteristics from each other, as I needed to choose one big company (such as PLC (public limited company) or LTD (private limited company)) and a small business (such as partnership, sole trader, non-for-profit business). In fact, Sainsbury’s is a supermarket and Oxfam a charity. This assignment will cover the purpose and ownership of the two businesses, the stakeholders of each business and how they affect the business.
As Canada’s oldest bank that officially opened for business on November 3, 1817, BMO has been helping its customers and communities for over 190 years, offering them a broad range of personal, commercial, corporate and institutional financial services across Canada and in the United States. It has approximately 16,200 employees and over 960 branches across Canada. As one of the Big Five banks in Canada, it has been passionate to build team strategies and to try new challenges.
There are four main forms of business structures. The structures of business differentiate based on liability, tax implications, and what type of business is being evaluated when determining what structure to use. This paper will cover the advantages and disadvantages within the four types of business structures; Limited Liability Corporations, Corporations, Partnerships, and Sole Proprietorships.
Information management is paramount for any business because in the current business environment, no business can be successful without the effective manipulation information. The analysis of the information relevant to the business helps to accomplish the organizational goals. In the growing age of the information technology the information management system helps to find the appropriate information in an easy manner. The business includes a lot of information that is not necessarily important for decision making
The aim of this report is to describe the type of business organization that operates in United Kingdom and United Sates of America and they are two contrasting business. This will entail comparisons between a Public limited company (Plc.) and a Private limited company (Ltd) in their footings of their ownership, purposes, and sectors of activity and key stakeholders. For this report I have selected to investigate Yum! Brand Inc. and Fish to Go Leigh on Sea.
Information is data that has been processed in such a way as to be meaningful to the person who receives it. Businesses need information that is relevant to them.
In this part of my report I am focusing on the Stakeholders of Tesco, These are the people who have an interest in and influence on the business and the way it operates.
In this assignment I will be explaining the issues and constraints in relation to the use of business information in Asda. I will be outlining the operational issues within the company.
The use of appendices is not permitted in assignments and students should be aware that work submitted as an appendix will not be read and will not count towards the final mark of the assignment.
These three zones follow the same internal structure. Each zone has only three levels of hierarchy, the associates,
There are many types of organisational structure a business may decide to adopt. This assignment will examine the four main different business structures and present the advantages and disadvantages of each one. The business structures that I will be examining are as follows:
When choosing the business structures for our business, we had to look at all the business structure, which are being used in the UK. The main 4, which we discussed and looked at, were sole traders, business partnerships, private limited companies, and public limited companies. Looking at our company we consisted of 9 people who were actually running and would own the company, so the option of being a sole trader wasn’t obtainable for us, as in a partnership it would have meant that there could be one owner who is running the actual company, so this didn’t not suit our company as we were 9 people so we had to take this option away even though we still discussed the advantages and disadvantages of being a sole trader in order to broaden our knowledge in this subject. So as sole trader was not an option anymore we were left with 3 more options, which were:
Information management is the foundation for a successful organization. Therefore, it should “be treated in the same manner as other valuable assets” of a company (Bentley, 2015). Information management requires careful handling, “thoughtful governance, and strategic consideration in” its use and control (Bentley, 2015). Organizations that fail at establishing and implementing successful information management policies and practices suffer from effective time management and making important decisions. Also, when relevant information isn’t shared across business, members lose trust and faith in the validity of the organization; and the enterprise loses profits and revenue. Moreover, “skillful information management improves organizational efficiency,” provides a “measurable competitive advantage, risk mitigation, data-driven decision support, and internal transparency” (Bentley, 2015).