Domino’s Pizza Business Environment Essay

Assignement worry concern purlieu Feb 2013 TASK 1 a ho enjoymentvass the various types of cheeks and their draw a bead ons and compargon the billing, goals, and the strategic objectives of your elect goernance with a equal establishment. The various types of organisations are Sole barterrs is a person who adopt a tune by one item-by-item. Advantage Retain every last(predicate) the bring in Maintain full control of the occupation Information about resole trader is find private Direct contact with customers The business bum be based on the sole trader skills Dis advantages Unlimited liability. rocky to lose finance for business Intense arguings from bigger firms When the owner passs the business ends too Partnerships is then when two or more(prenominal) persons became associate and start a business together. Advantage More currency for business The partners burn ease up different skills Shared decision making occupancy losings shared in the midst of the partners Partners send packing replace each different if require bookman ID 11170 scalawag 3 of 20 Assignement blood Environment Feb 2013 Disadvantages The disgorge on must be share Unlimited liability To sway a decision must consult all partners. The partnership must be reformed in the event of the death of one partner mysterious express Companies is an independent entity that come throughs limited liability and legal protection for its shareholders. Advantages exceptional Liability The business will continue even if one of the owners die Separate entity More capital can be raised Disadvantages net must be share There is a legal wiz-valued function to set up the business Firms are not allowed to dish out shares to the public. pecuniary information filed with the Registrar can be inspected by any segment of the public. Public Limited Companies is a caller-up that throw with stock transposition and its share can be buy or sell fro m anyone Advantages Limited Liability New shareholders and investors can be easily assimilated The ships family has a legal existence separate from management and its members savant ID 11170 scallywag 4 of 20 Assignement Business Environment Feb 2013 Because of their size of it a PLC can some(prenominal)(a) convictions dominate the mart Disadvantages Setting up the costs can be very expensive The firm is uncivil to public inspection Because of their size they cannot always deal with customers at a personal take aim.Decisions can be slow because the PLC has umteen directors Cooperatives is an organisation founded and controlled by a group of tender users for their benefits. Advantages Buying in bulk Working together to solve problems bully motivation of all members to devise difficult for return Disadvantages Possibility of conflicts between members Poor management Longer decision making process Franchises is an organisation that bunks under the brand of an otherwise organisation that is already in the mart called franchisor. Advantages Operate in an already k right awayn brand Support from franchisor ( training, financial). jakes survey with franchisors existing partners Disadvantages bookman ID 11170 page 5 of 20 Assignement Business Environment Feb 2013 Must work from roles already established from franchisor, the right has no control of the business Franchise must to brook franchisor because use their name. Private Sector and Public Sector Organisations Student ID 11170 page 6 of 20 Assignement Business Environment Feb 2013 DOMINOS PIZZA exemption INTRODUCTION half masks pizza pie was founded in 1960 by tomcat Monaghan (www. coversuper commercialize. com) and his brother. After one year Tom bought him brothers one-half became the sole owner.In 1967 dominos undetermined the first licence in 1978 to train over 200 franchise stores. In 1985 they opened their first store in UK currently reaching over 700 stores . By 2000 coming to make believe more stores in fallowing countries Canada, Tokyo, India etc. In 1998, by and by 38 years of ownership half masks pizza sell 93 percent of the partnership to Bain Capital for $1 one million million. In 2004 eye masks began trading common stock on the Stock Ex mixture. In 2006 they opened 8000 total stores in globose marketplaces. The federation is still increment like a shot with more than 9350 stores in more than 60 international markets.In same year they starts its sponsorship of The Simpsons in UK. (the dominos effect. 13 supplement, Estates Gazette, July 19 2008 Issue) In 1999 dominos became the first mansion rescue familiarity to float in the Alternative Investment Market. In 2000 they enclosed hot bags to keep the pizzas hot and crisp during de movery. dominos started making pizza and today the current menu is a variety of Italian American sum ups only when pizza stay main product, half masks along time bringing many improv ements countertop and tops. The Dominos pizza pie Team is hard working, committed to excellence and serious about having fun.There are more than 170,000 team members employed by 600 corporate-owned stores, a system of 5,000+ domestic franchise-owned stores and international franchise base that operates more than 5,000 stores in more than 70 markets near the globe ( www. dominosbiz. com ). Over 21,000 team members work in UK and Irish stores and in a range of support functions ranging from marketing, IT and training. Tom Monaghan bought the business for the amount of $500, now Dominos has already labeled as megabrand because it already reaches a total of $5. 1 billion in terms of global retail sales.This includes $3. 2 billion in domestic sales and $1. 9 billion in international sales. ( www. statupbizhup. com ) Student ID 11170 page 7 of 20 Assignement Business Environment Feb 2013 MISSION, GOALS AND STRATEGIC OBJECTIVES MISSION Their relegating is to be the best pizza delivery company on the gentleman. Sale more pizza, have more fun. GOALS When the business started Tom Monaghan, the founder, had an only one goal to open leash stores. This goal is achieved even exceeding the expectations Dominos has turned its attentions to a recent goal, namely to deposit the people to love their pizza.OBJECTIVES Improve hurry and efficiency of pizza making. Improve efficiency and speed in delivery. spurn the costs of pizzas. To improve customer relations. Make more profit. Student ID 11170 page 8 of 20 Assignement Business Environment Feb 2013 COMPARE DOMINOS PIZZA WITH PIZZA HUT(FRANCHISE) PIZZA HUT MISSION They take vanity in making perfect pizza and providing courteous and helpful service of process on time all the time. ( www. wiki. answers. com ) both customer says Ill be back PIZZA HUT GOAL Their goal is to reach 85% recognition of the bare-assed product in their target market.The more or less Copernican goal of the company is to append revenue and p rofits. PIZZA HUT OBJECTIVES To avail the customer , to provide delicious and hygienic pizza and helpful delivery service. Practice what they preach integrity, ethics and open communications. While pizza pie chantys delegation is to improve products and customer loyalty, Dominos Pizza and motivate their employees saying that selling more pizza then the company will have more profit and employees will be go rewarded for their work as a result will have more bills for their personal activities.Pizza chanteys goal is to launching new products and marketing in a more advantageous and juicy wrickth while Dominos Pizza wants to expand their business by curtain raising as many stores and offering products and work as reasoned that loyalty to his customers. Dominos Pizza and Pizza Hut are competitors in pizza market and has same market demographic characteristics. Both companies have been able to offer to the customers a good and tonicity pizza and operate. Both companies want to have the best possible furtherance of products so that they can maximize their profit and want to cover a grownupr part of the market.Student ID 11170 page 9 of 20 Assignement Business Environment Feb 2013 TASK 1 b Explain how stakeholders exploit organisational mission and goals and discuss how and to what extend your elect organisations (responsabilities) meets stakeholder expectations. All stakeholders have a actually importance for a company. Each of them is an distinguished part of business. Customers. The customers want that company to provide good products and service customer. For Dominos customers are satisfying eventful, they are dependent by customers satisfactions and they know that it is important to keep them.Each of satisfied customer bring with him profit. To became one of the most leading pizza delivery Dominos has made and put the focus on clients feedback regarding improving the quality of products and serve carrying many mea incontestable their surv ey. Employees. The employees want that company to create a nice place to work and to give them a good training. As well the employees is very important in this company. Without good employees no organization can grow up. Dominos know their employees work hard every day to provide great food and customer service why invest financial resources in training them. Suppliers.The suppliers want that company to have 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 chemical element in a business. Dominos Pizza is very unforgiving when choosing their suppliers because they are one of the grandst volume barter forrs off pizza related product and they pauperisation the suppliers to ensure their highest quality product Management. The management want that company grow up and step-up profit. Franchisor. The franchisor want that company provide a good work and to keep a good image of brand. Stu dent ID 11170 page 10 of 20.Assignement Business Environment Feb 2013 TASK 2 a Explain the nature of UK frugal system and how it affects business organisations such as yours. UK have a free market miserliness, that room the market economy have a little government control and they can immovable the price without state intervention. 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 the work in a free market entirely can overly be a disadvantage because in a free market all time are more competitors.Dominos can set their prices and their activity without been moved(p) from government mould only if the change taxes, instead there are situations where they need to stay flexible with the prices because of contention and they need to spend more gold for advertising because in a free market the costumers have many options. TA SK 2 b Discuss how governments manage the national economy briefly and go bad the restore of fiscal and financial policy on businesses such as your chosen organisation.UK government tries to manage the national economy in the fallowing ways belongings a low unemployment rate keeping a low splashiness rate that is as low prices trying to produce as many goods and services that have a growth economy by dark 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 change magnitude or decreasing taxes can have a significant match to organisations, can rise or lower largeness and unemployment.If the government reduces taxes would be an added advantage for Dominos Pizza because automatic and ask would growing. If motive increases the organisation can Student ID 11170 page 11 of 20 Assignement Business Environment Feb 2013 have a higher 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 demand decreases and the organisations are discouraged to invest and unemployment increases.When inflation is high has a negative effect on Dominos Pizza because the organisation is forced to raise the prices and this automatically leads to lower demand and this affected the companys profit. The monetary policy is intervention of monetary authorities on cash economy. The monetary policy have influence on worry rates, replacement rate, funds supply. In terms of Dominos Pizza organisation can be seriously affected by rising interest rates because the firm need to pay more money back to bank 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 destines if the costumers dont have money the demand decrease and the mathematical pr oduct is affected as well. Lower interest rates have the opposite effect and the organisation can make more investment because the consumption increase as well. TASK 2 c Analyse how competition policy and regulatory mechanism 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 total power over the market.Competition policy bring the follow benefit for consumer consumers can benefits from products and services at the best prices to adapt to competition policy, the firm develops researches and bring new innovation Office of Fair Trading (OFT) 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 right decisions regarding the products or services that consume.Regardin g Dominos Pizza there is no informations revealing 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 Using your chosen company as an congresswoman, explain how market structure determines the pricing and production decisions. Dominos Pizza is part of monopolistic market. The monopolistic competition is a type of imperfect competition.The monopolistic competition have fallowing characteristicslarge number of competitors in market between prices are small differences large number of substitutes products high advertising is easy to entry or fit because exist just few barriers in this competition The monopolistic market is a market where exits many organisations which provides same products or services save with different characteristics. Same like Dominos in pizza market exist many pizza delivery organisations but their products are different in taste, bas es 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 watch at a high level in this market segment, Dominos has invested a lot of money in advertising to get customers trust 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 differentiate the 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 response and examine how your organisation would respond. Unlike other companies which have confront difficulties during the recession, 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. some other 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 wheat increases then the supply increase as well and Dominos Pizza need to increase the prices and then the demand decreases. TASK 3 c Discuss the business an d cultural environment of your selected organisation and assess to what extend it shapes the behaviour of the organisation. regimen is the most culturally sensitive category of consumer goods.For Dominos fertility of diversity in the workplace stimulates the work environment, creativity 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 vision of quality products that wants to consume and this is influenced by life style 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 country.For example in Korea Dominos sell Potato Pizza which topping include potato, in France dominos sell Saumoneta Pizza with ingest salmon and dill and creme fraiche also they sell Four Cheese pizza. Student ID 11170 page 15 of 20 Assignement Business Environment Feb 2013 TASK 4 a Discuss 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.International trade has many advantages but also requires some higher costs than domestic trade. International trade is very important for economic development in general 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 endlessly developing. UK import is called when purchasing goods and services produced in another 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 production because in international trade a country need to utilize all resources. globalisation is a business philosophy which believes that the world can became homogeneous. Globalisation has effect on the culture, economic development, environment and governmental system. Globalisation have fallow drivers market drivers cost drivers government drivers warring drivers Market drivers degree of homogeneousness of customer needs existence global distribution network transferable marketing Student ID 11170 page 16 of 20 Assignement Busi ness 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 potential for economies of denture transportation cost product development cost economies of scope Globalisation have many advantages in cost drivers because Dominos Pizza UK can supply from another countries with cheaper product with same quality and company can benefit from lower transport prices in globalisation if purchase necessary products in larger quantities.Government drivers lower taxation harmonious 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 advanced applied science with more advanced technology from another countries. Student ID 11170 page 17 of 20 Assignement Bus iness Environment Feb 2013 TASK 4 b assess the role and impact of EU policies and directives on the UK businesses using 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 single market, the European market, and to introduce a single currency in the Member States to facilitate transaction 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 tax 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 losings 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 states 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 opinion about this tier is that now I have more knowledge about what mean business environment. I 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 co urse 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 in stock(predicate) 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/Site+Content/Secondary/Careers/Team/?&lang=en_us&output=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=29e880ef e554d20d1c63f97638aab27e . Accessed 15 April 13. Student ID 11170 page 20 of 20.