Domino’s Pizza Business Environment Essay

Assignement ph hit line milieu Feb 2013 childbed 1 a Examine the mixed types of com commits and their purposes and comp ar the relegating, determinations, and the st sendgic objectives of your chosen ar cultivatement with a similar formation. The various types of plaques argon Sole mongers is a person who climb up a concern by adept individual. Advantage Retain wholly the mesh Maintain full learn of the seam Information slightly sole craftr is keep private Direct jobber with guests The c all tolding passel be ground on the sole trader skills Disadvantages subjectless indebtedness.Difficult to view finance for melody Intense contests from bigger firms When the owner dies the business ends too Partnerships is then when two or to a biger extent(prenominal) persons became associate and start a business together. Advantage to a greater extent flushs for business The developners quarter do distinguish fit skills Sh atomic number 18d dec ision fashioning clientele losses distributed between the partners Partners sess re tail each roughly sassy(prenominal) if lacked scholarly person ID 11170 rogue 3 of 20 Assignement air surroundings Feb 2013 Disadvantages The service moldiness(prenominal) be sh atomic number 18 Unlimited obligation To take a decision moldiness consult all partners. The partnership must be reformed in the type readinessters case of the death of one partner semiprivate moderate Companies is an in qualified entity that proposes limited liability and jural protection for its shareholders. Advantages express financial obligation The business will continue horizontal if one of the owners die Separate entity More capital passel be raised Disadvantages Profit must be share There is a legal physical process to set up the business Firms are not allowed to divvy up shares to the public. Financial teaching filed with the Registrar sight be inspected by any member of the public. populace Limited Companies is a family that survive with descent supplant and its share empennage be buy or sell from anyone Advantages Limited Liability New shareholders and directors flush toilet be easily assimilated The troupe has a legal globe separate from management and its members educatee ID 11170 knave 4 of 20 Assignement melodic line milieu Feb 2013 Because of their size a PLC toilet some successions dominate the commercialize place Disadvantages saddle horse up the represents tummy be very(prenominal) expensive The firm is blossom forth to public inspection Because of their size they placenot eternally deal with customers at a personalised level.Decisions crowd out be slow because the PLC has galore(postnominal) directors Cooperatives is an organic law founded and controlled by a convention of volunteer users for their turn a profits. Advantages Buying in mickle Working together to solve problems pricey motivat ion of all members to live on life-threatening for shekels Disadvantages Possibility of conflicts between members abject management Longer decision making process libertys is an organization that puzzle outs under the scratch of other organisation that is already in the merchandise called franchisor. Advantages Operate in an already k straightawayn brand Support from franchisor ( training, financial). rump work with franchisors existing partners Disadvantages scholar ID 11170 page 5 of 20 Assignement job Environment Feb 2013 Must work from manipulations already established from franchisor, the licence has no control of the business Franchise must to comp purloin franchisor because use their name. Private Sector and Public Sector Organisations student ID 11170 page 6 of 20 Assignement melody Environment Feb 2013 eye maskS pizza pie FRANCHISE accounting en subdue eye masks pizza was founded in 1960 by tom turkey Monaghan (www. coversupermarket. com) and his brother. After one year Tom bought him brothers half became the sole owner.In 1967 dominos vindicateded the low franchise in 1978 to constitute over cc franchise stores. In 1985 they opened their first store in UK currently attain over 700 stores. By 2000 coming to leave to a greater extent stores in fallowing countries Canada, Tokyo, India etc. In 1998, after 38 years of self-control eye masks pizza change 93 percent of the ac gild to Bain capital letter for $1 billion. In 2004 half masks began trading common stock on the Stock Exchange. In 2006 they opened 8000 sum up stores in inter subject area markets. The company is even up-tempered beating forthwith with much(prenominal) than(prenominal) than 9350 stores in more than than 60 external markets.In like year they starts its sponsorship of The Simpsons in UK. (the eye masks issue. 13 supplement, Estates Gazette, July 19 2008 Issue) In 1999 half masks became the first theme speech communication company to float in the Alternative Investment commercialise. In 2000 they get ind hot bags to keep the pizzas hot and crisp during spoken language. eye masks started making pizza and today the current menu is a seam of Italian American proceedss but pizza stay main production, half masks along time bringing some(prenominal) mitigatements countertop and toppings. The half masks pizza pie aggroup is hard workings, committed to excellence and veritable about having fun.There are more than 170,000 team members employed by 600 corporate-owned stores, a remains of 5,000+ domesticated franchise-owned stores and inter issue franchise base that ope order more than 5,000 stores in more than 70 markets around the globe ( www. dominosbiz. com ). eachplace 21,000 team members work in UK and Irish stores and in a range of guard functions ranging from marketing, IT and training. Tom Monaghan bought the business for the amount of $500, now eye masks has already tagged as m egabrand because it already reaches a union of $5. 1 billion in toll of global retail sales.This holds $3. 2 billion in domestic sales and $1. 9 billion in international sales. ( www. statupbizhup. com ) schoolchild ID 11170 page 7 of 20 Assignement commerce Environment Feb 2013 MISSION, GOALS AND STRATEGIC OBJECTIVES MISSION Their delegation is to be the best pizza language company on the land. Sale more pizza, claim more fun. GOALS When the business started Tom Monaghan, the founder, had an only one goal to open three stores. This goal is achieved even surpassing the expectations half masks has turned its attentions to a recent goal, namely to deposit the commonwealth to love their pizza.OBJECTIVES Improve hurrying and capacity of pizza making. Improve efficiency and speed in delivery. Lower the appeals of pizzas. To improve customer analogys. Make more profit. Student ID 11170 page 8 of 20 Assignement Business Environment Feb 2013 COMPARE DOMINOS PIZZA WITH PIZZ A hutch(FRANCHISE) PIZZA shack MISSION They take pride in making perfect pizza and providing accomplished and ministrant service on time all the time. ( www. wiki. answers. com ) Every customer says Ill be derriere PIZZA HUT GOAL Their goal is to reach 85% recognition of the tonic merchandise in their target market.The approximately strategic goal of the company is to increase revenue and scratch. PIZZA HUT OBJECTIVES To serve the customer , to tolerate delicious and hygienic pizza and helpful delivery service. Practice what they preach integrity, morality and open communications. While pizza pie chantys mission is to improve products and customer loyalty, Dominos pizza pie and affect their employees saying that selling more pizza then the company will eat more profit and employees will be better rewarded for their work as a result will take in more coin for their personal activities.pizza chanteys goal is to launch tonic products and marketing in a more advant ageous and profitable growth magic spell Dominos Pizza asks to balloon their business by opening as some stores and offering products and serve as unspoilt that loyalty to his customers. Dominos Pizza and Pizza Hut are competitors in pizza market and has aforesaid(prenominal) market demographic characteristics. Both companies piddle been able to offer to the customers a groovy and quality pizza and go. Both companies indispensability to arrive the best possible advance of products so that they can maximize their profit and wishing to cover a big part of the market.Student ID 11170 page 9 of 20 Assignement Business Environment Feb 2013 assign 1 b Explain how stakeholders deflect organisational mission and goals and discuss how and to what extend your chosen organisations (responsabilities) meets stakeholder expectations. All stakeholders clear a real upshotance for a company. Each of them is an outstanding part of business. Customers. The customers want that comp any to volunteer estimable products and service customer. For Dominos customers are real weighty, they are dependent by customers satisfactions and they bonk that it is meaningant to keep them.Each of at rest customer bring with him profit. To became one of the most leading pizza delivery Dominos has made and put the focussing on clients feedback regarding improving the quality of products and services carrying umpteen times their survey. Employees. The employees want that company to score a nice place to work and to give them a good training. As tumefy the employees is very important in this company. Without good employees no validation can grow up. Dominos know their employees work hard every day to provide great fodder and customer service why invest financial resources in training them. Suppliers.The suppliers want that company to collect a good and along collaboration with them and pay them bill on time. Dominos Pizza has a good relation with suppliers because they are an important factor in a business. Dominos Pizza is very strict when choosing their suppliers because they are one of the largest record book purchasers off pizza related product and they posit the suppliers to ensure their tallest quality product Management. The management want that company grow up and increase profit. Franchisor. The franchisor want that company provide a good work and to keep a good consider of brand. Student ID 11170 page 10 of 20.Assignement Business Environment Feb 2013 designate 2 a Explain the nature of UK economic system and how it affects business organisations such as yours. UK shake a free market deliverance, that authority the market economy have a little organisation control and they can fixed the price without state disturbance. At same time is a market where the sellers decide what to sell and the buyers decide what they want to buy and for how much. As for other organisations and Dominos Pizza is an advantage that they can perform t he work in a free market but can excessively be a evil because in a free market all time are more competitors.Dominos can set their prices and their activity without been modify from government see only if the change taxes, instead on that point are situations where they need to stay tensile with the prices because of competition and they need to spend more property for ad because in a free market the costumers have many alternatives. TASK 2 b dissertate how governments manage the national economy briefly and analyse the impact of fiscal and financial insurance on businesses such as your chosen organisation.UK government tries to manage the national economy in the fallowing ways holding a low unemployment rate guardianship a low largeness rate that is as low prices trying to wee as many goods and services that have a growth economy by start outing taxes The fiscal policy represents all government imposed taxes and fees to maintain a balance of macroeconomics. Fiscal policy applies to market goods and services and by increasing or decreasing taxes can have a significant impact to organisations, can rise or lower inflation and unemployment.If the government flash backs taxes would be an added advantage for Dominos Pizza because automatic and collect would increase. If fill increases the organisation can Student ID 11170 page 11 of 20 Assignement Business Environment Feb 2013 have a spiriteder profit and that help to open other stores. When the organisation expands help lower the unemployment rate because new jobs automatically appear. When the government increases taxation the strike decreases and the organisations are discouraged to invest and unemployment increases.When inflation is high has a negative doing on Dominos Pizza because the organisation is forced to raise the prices and this automatically leads to lower want and this affected the companys profit. The monetary policy is intervention of monetary authorities on silver economy. The monetary policy have define on use up rates, exchange rate, funds supply. In terms of Dominos Pizza organisation can be seriously affected by wage increase wager rates because the firm need to pay more bullion back to brink or stop the loans mesmerise is a really help in companys grow up.If the interest rates increase the population cant take loans as well and this means if the costumers dont have money the demand decrease and the occupation is affected as well. Lower interest rates have the opposite effect and the organisation can break more investment because the consumption increase as well. TASK 2 c break how competition policy and regulatory implement work in the UK in relation to your chosen organisation. Competition policy is an organisation that tries to control commercial activity in competition so that some companies do not get to have come in power over the market.Competition policy bring the follow benefit for consumer consumers can benefits f rom products and services at the best prices to adapt to competition policy, the firm develops searches and bring new innovation Office of Fair occupation ( much) is the UKs consumer and competition authority. Their mission is to make markets to provide a good work for consumers. OFT do the market research and provides consumers all the necessary information to make sure that they can make the secure decisions regarding the products or services that consume.Regarding Dominos Pizza there is no informations revelation that the organisation would have created problems so that OFT intervention to be necessary. Student ID 11170 page 12 of 20 Assignement Business Environment Feb 2013 Task 3 a utilise your chosen company as an example, develop how market structure determines the pricing and mathematical product decisions. Dominos Pizza is part of monopolistic market. The monopolistic competition is a type of imperfect competition.The monopolistic competition have fallowing charac teristicslarge number of competitors in market between prices are broken differences large number of substitutes products high publicizing is easy to entry or fall because exist just few barriers in this competition The monopolistic market is a market where exits many organisations which provides same products or services but with antithetical characteristics. comparable like Dominos in pizza market exist many pizza delivery organisations but their products are contrasting in taste, bases of ingredients, brand and advertising.In monopolistic competition for Dominos is hard to decide their prices because they are influenced by competitors witch sell products substitutes. To be able to remain at a high level in this market segment, Dominos has invested a lot of money in advertising to get customers impudence and loyalty. In monopolistic market, Dominos may not always have the same profit because the presence of competition and they always must to make researches to part th e products. Student ID 11170 page 13 of 20 Assignement.Business Environment Feb 2013 TASK 3 b Using a range of examples, analyse how market forces influence the organisational reply and examine how your organisation would respond. Unlike other companies which have faced difficulties during the time out, Dominos pizza has managed to keep afloat even increase sales. Although the economy was visible affected Dominos has invested more money in advertising continues to promote its deals and discounts and, reportedly from 2009, for Dominos was an advantage that much of the population affected by the recession chose to eat home this led to a sales increase of about 11%.As well if cost increases and Dominos Pizza offer must increase prices of its products or company profits would be affected. However manages to not have a drop in demand even increase its offering in exchange quality products and fast delivery order. Another influence comes from the competition because in this domain are many competitors, so Dominos Pizza try various way to remain high through more intensive advertising goods products and customer services fast delivery All this make the demand increase.Student ID 11170 page 14 of 20 Assignement Business Environment Feb 2013 Another influence have suppliers because if the cost of the milk or pale yellow increases then the supply increasing as well and Dominos Pizza need to increase the prices and then the demand decreases. TASK 3 c handle the business and cultural environment of your selected organisation and assess to what extend it shapes the behaviour of the organisation. nutrient is the most culturally sensitive kinsfolk of consumer goods.For Dominos richness of salmagundi in the workplace stimulates the work environment, creativeness and innovation, and they became stronger because they use all the human resources with different culture. While age consumers change their option for consumed products. Every buyer has their own quite a l ittle of quality products that wants to consume and this is influenced by modus vivendi and the income of each. Dominos has many shops in many countries with customer who have different tastes they had to adopt their products according to the demand and desires of customers in each commonwealth.For example in Korea Dominos sell Potato Pizza which topping include potato, in France dominos sell Saumoneta Pizza with consume salmon and dill and creme fraiche excessively they sell Four Cheese pizza. Student ID 11170 page 15 of 20 Assignement Business Environment Feb 2013 TASK 4 a discourse how international trade affects the UK business organisation and analyse the impact of global factors on UK business, including your chosen organisation. The international trade is the exchange of goods and services outside the territorial borders. planetary trade has many advantages but also requires some higher costs than domestic trade. International trade is very important for economic develo pment in ecumenical and for individual countries economic development. Like other countries and UK practice international trade because it can not produce all the goods and services they need to be continuously developing. UK import is called when purchasing goods and services produced in another(prenominal) country and when UK sells goods and services to other countries is called export. For Dominos Pizza international trade is opening new opportunities borders.When the organisation can expand by opening new stores the profit is growth but also the competition increase. When competition increases Dominos Pizza must focus on placing the best possible products and services so that its clients do not turn their attention to competitors. This means that Dominos need to invest more time and money in advertising and researches. Another great advantage of international trade is the company access to new products and suppliers which means that international expansion helps to increase pro duction because in international trade a country need to utilize all resources. globalization is a business philosophy which believes that the world can became homogeneous. globalisation has effect on the culture, economic development, environment and political system. globalisation have fallow drivers market drivers cost drivers government drivers competitive drivers Market drivers dot of homogeneity of customer needs existence global distribution network transferrable marketing Student ID 11170 page 16 of 20 Assignement Business Environment Feb 2013 Market globalisation drivers bringing homogeneity among customers.Dominos Pizza can provide products to customers in UK from other countries and this influences cultures, taste and lifestyle and can increase demand. Cost drivers strength for economies of scale transportation cost product development cost economies of scope Globalisation have many advantages in cost drivers because Dominos Pizza UK can supply from anothe r countries with cheaper product with same quality and company can benefit from lower transport prices in globalisation if purchase necessary products in big quantities. organization drivers lower taxation matched technical standards and common marketing regulations privatisation Government can help Dominos Pizza by lowering import taxes and export taxes. Globally, Dominos can work in countries with less slump engineering science with more advanced technology from another countries. Student ID 11170 page 17 of 20 Assignement Business Environment Feb 2013 TASK 4 b Assess the role and impact of EU policies and directives on the UK businesses exploitation your organisations as an example. The European Union was founded by economic and political union of 27 states.The purpose of the European Union is to create a star market, the European market, and to introduce a private currency in the appendage States to promote commerce and to lower the risk of being affected by exchange rate. By creating a single market in Europe, Dominos Pizza, would have many advantages and few disadvantages. EU first wants to ensure protection of traders that operate within European borders and to introduce a common external tariff to facilitate the exchange of goods and services between Member States.By creating a single market with a common external tariff, for Dominos means new business opportunities, a simple way to have access to new market, increase number of consumer Although, in UK, Dominos working with national currency, if here would introduce the single European currency, Euro, the company would have a number of advantages company would not have losses caused by exchange rates that they would be removed the transition to the single currency would eliminate and some bank fees there would be no a fluctuation in the prices.EU helps to reduce the unemployment rate in Europe because in most Member States any citizen has the right to live and work in another member stat es except do some states still retain certain restrictions which include and UK. Student ID 11170 page 18 of 20 Assignement Business Environment Feb 2013 Conclusion My whimsy about this course is that now I have more knowledge about what mean business environment. I highly-developed my vision strengths to be considered within organisation and also negative and positive influences of all factors acting on business.I have more knowledge about national and international economic system and how economy can influence the organisations. And after this course I learned which is the best position in market for to have a good business. Student ID 11170 page 19 of 20 Assignement Business Environment Feb 2013References www. coversupermarket. com. 2012.Domminos Pizza. ONLINE uncommitted at http//www. coversupermarket. com/blog/? p=211. Accessed 15 April 13. www. dominosbiz. com. 2011. OUR TEAM. ONLINE Available at http//www. dominosbiz. com/Biz-Public-EN/ post+Content/Secondary/Careers/Team/? &lang=en_us& output signal=json&session-id=bdec0454534e2ab7f3ed9233e6b9f7ce .Accessed 14 April 13. www. startupbizhub. com. com. 2011. Dominos Franchise Cost. ONLINE Available at http//www. startupbizhub. com/dominos-franchise-cost. htm? &lang=en_us&output=json&sessionid=653a45ce3c73fa78dfdd910e0a4bda77. Accessed 15 April 13. www. wiki. answers. com. 2011. What is the mission statement for Pizza Hut? Franchise Cost . ONLINE Available at http//wiki. answers. com/Q/What_is_the_mission_statement_for_Pizza_Hut? &lang=en_us&output=json&session-id=29e880efe554d20d1c63f97638aab27e . Accessed 15 April 13. Student ID 11170 page 20 of 20.