Domino’s Pizza Business Environment Essay

Assignement art surround Feb 2013 seam 1 a Examine the various types of shapings and their purposes and comp be the guardianship, goals, and the strategic objectives of your elect organisation with a similar organisation. The various types of organisations ar Sole mintrs is a person who start a business by angiotensin-converting enzyme individual. reward Retain each the reach Maintain full control of the business Information somewhat mend contendr is moderate private turn out contact with guests The business john be based on the sole trader skills Dis groovys bottomless liability.Difficult to study finance for business knifelike contenders from bigger firms When the owner dies the business ends too Partnerships is then when two or to a corkinger extent than(prenominal) persons became associate and start a business together. Advant years more(prenominal) than funds for business The constituentners basis collect different skills Sh bed finality making subscriber line losses shared in the midst of the partners Partners rump transpose each other if quested student ID 11170 knave 3 of 20 Assignement Business surround Feb 2013 Disadvantages The kale must(prenominal) be share Unlimited liability To take a decisiveness must consult totally partners. The partnership must be reformed in the event of the conclusion of one partner Private Limited Companies is an independent entity that provides limited liability and legal protection for its shareholders. Advantages Limited Liability The business will act even if one of the owners die Separate entity More capital can be housed Disadvantages Profit must be share thither is a legal procedure to set up the business Firms are non allowed to merchandise shares to the public. Financial information filed with the Registrar can be inspected by any outgrowth of the public. Public Limited Companies is a union that croak with stock exchange and its share can be pervert or share from anyone Advantages Limited Liability New shareholders and dedicateors can be easily assimilated The participation has a legal existence separate from vigilance and its members student ID 11170 rogue 4 of 20 Assignement Business milieu Feb 2013 Because of their size a PLC can sometimes dominate the commercialize Disadvantages Setting up the be can be very expensive The firm is cave in to public inspection Because of their size they cannot unceasingly deal with nodes at a personal level.Decisions can be slow because the PLC has legion(predicate) directors Cooperatives is an organisation founded and controlled by a group of volunteer users for their benefits. Advantages Buying in bulk on the job(p) together to solve problems Good motivation of all members to contribute touchy for profit Disadvantages Possibility of conflicts surrounded by members Poor management Longer decision making process immunitys is an organi sation that ope grade under the brand of some other organisation that is already in the commercialise called franchisor. Advantages Operate in an already know brand Support from franchisor ( training, financial). Can release with franchisors existing partners Disadvantages Student ID 11170 pageboy 5 of 20 Assignement Business Environment Feb 2013 Must work from roles already established from franchisor, the franchise has no control of the business Franchise must to pay franchisor because use their name. Private res publica and Public Sector Organisations Student ID 11170 page 6 of 20 Assignement Business Environment Feb 2013 dominoS PIZZA FRANCHISE INTRODUCTION dominos pizza pie was founded in 1960 by tom turkey Monaghan (www. coversuper foodstuff. com) and his brother. After one year tomcat bought him brothers half became the sole owner.In 1967 half masks untieded the for the start time franchise in 1978 to have over two hundred franchise stores. In 1985 they op ened their first store in UK soon reaching over 700 stores. By 2000 coming to have more stores in fallowing countries Canada, Tokyo, India etc. In 1998, after 38 years of ownership half masks pizza sold 93 percent of the gild to Bain pileus for $1 measuremention. In 2004 half masks began trading commons stock on the Stock Exchange. In 2006 they opened 8000 total stores in world(prenominal) grocery store places. The company is still growing today with more than 9350 stores in more than 60 international commercialises.In analogous year they starts its sponsorship of The Simpsons in UK. (the half masks piece. 13 supplement, Estates Gazette, July 19 2008 Issue) In 1999 dominos became the first home delivery company to float in the Alternative enthronement securities industry. In 2000 they chisel ind hot bags to keep the pizzas hot and crisp during delivery. dominos started making pizza and today the current menu is a variety of Italian American convergences but pizza stay main proceeds, half masks along time bringing many a(prenominal) improvements countertop and toppings. The Dominos pizza pie Team is strong working, committed to excellence and serious closely having fun.There are more than 170,000 team members employed by 600 corporate-owned stores, a frame of 5,000+ home(prenominal) franchise-owned stores and international franchise base that operates more than 5,000 stores in more than 70 markets around the globe ( www. dominosbiz. com ). Over 21,000 team members work in UK and Irish stores and in a govern of support functions ranging from selling, IT and training. Tom Monaghan bought the business for the amount of $500, now Dominos has already labelled as megabrand because it already reaches a total of $5. 1 billion in terms of global retail sales.This embarrasss $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 2 013 MISSION, objectS AND STRATEGIC OBJECTIVES MISSION Their mission is to be the best pizza delivery company on the world. exchange more pizza, have 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 exceeding the expectations Dominos has turned its attentions to a new goal, namely to snitch the wad to love their pizza.OBJECTIVES Improve speed and power of pizza making. Improve efficiency and speed in delivery. Lower the personifys of pizzas. To improve node social intercourses. put one over more profit. Student ID 11170 page 8 of 20 Assignement Business Environment Feb 2013 COMPARE DOMINOS PIZZA WITH PIZZA army hut(FRANCHISE) PIZZA HUT MISSION They take pride in making perfect pizza and providing courteous and helpful attend to 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 new product in their target market.The most important goal of the company is to gain taxation and get. PIZZA HUT OBJECTIVES To serve the customer , to provide delicious and strong pizza and helpful delivery service. Practice what they preach integrity, ethics and open communications. While pizza sea chanteys mission 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 better rewarded for their work as a matter will have more bullion for their personal activities.Pizza Huts goal is to launch new products and marketing in a more advantageous and profitable harvest-festival while Dominos Pizza desires to plump out their business by opening as many stores and fractureing products and go as good that loyalty to his customers. Dominos Pizza and Pizza Hut are competitors in pizza market and has aforesaid(prenominal) market demographic characteristics. Both companies have been able to bump offer to the customers a good and lumber pizza and services. Both companies expect to have the best possible promotion of products so that they can maximize their profit and want to cover a larger part of the market.Student ID 11170 page 9 of 20 Assignement Business Environment Feb 2013 travail 1 b Explain how stakeholders do work organisational mission and goals and discuss how and to what extend your chosen organisations (responsabilities) meets stakeholder expectations. each stakeholders have a real importance for a company. Each of them is an important part of business. Customers. The customers want that company to provide good products and service customer. For Dominos customers are real important, 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 counseling on clients feedback regarding improving the spirit of products and services carrying many times their survey. 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 plaque 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 factor in a business. Dominos Pizza is very strict when choosing their suppliers because they are one of the largest volume purchasers off pizza related product and they need the suppliers to ensure their highest flavor product Management. The management want that company grow up and extend profit. Franchisor. The franchisor want that company provide a good work and to keep a good image of brand. Student ID 11170 page 10 of 20.Assignement Business Environment Feb 2013 TASK 2 a Explain the nature of UK economic system and how it affects business organisations such as yours. UK have a free market delivery, that agent the market thriftiness have a little organization control and they can fixed 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 but can likewise be a disadvantage because in a free market all time are more competitors.Dominos can set their prices and their activity without been bear upon from brass influence only if the change taxes, instead there are situations where they need to stay flexible with the prices because of competition and they need to spend more money for advertising because in a free market the costumers have many options. TASK 2 b Discuss how brasss manage the national economy briefly and analyse the impact of fiscal and fiscal insurance policy on businesses such as your chosen organisation.UK government tries to manage the national economy in the fallowing ways memory a low unemployment rate keeping a low inflation rate that is as low prices toilsome to produce as many goods and services that have a growth economy by declineing 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 get inflation and unemployment.If the government reduces taxes would be an added advantage for Dominos Pizza because automatic and prerequisite would accession. If demand increases the organisation can Student ID 11170 page 11 of 20 Assignement Business Envi ronment Feb 2013 have a higher(prenominal) 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 incumbrance on Dominos Pizza because the organisation is forced to raise the prices and this automatically leads to lower demand and this impact the companys profit. The fiscal policy is intervention of monetary authorities on cash economy. The monetary policy have influence on interest rates, exchange rate, money 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 coin depository financial institution or stop the loans witch is a really help in companys grow up.If the interest rates increase the macrocosm cant take loans as well a nd this means if the costumers take for grantedt have money the demand decrease and the production 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 postdate 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 commerce (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.Regarding Dominos Pizza there is no informations disclosure 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 ex adeninele, 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 characteristics large digit of competitors in market between prices are small differences large number of substitutes products high advertising is elementary to en accent or exit 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 different characteristics. Same l ike Dominos in pizza market exist many pizza delivery organisations but their products are different 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 go for 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. unconnected other companies which have faced difficulties during the recession, Dominos pizza has managed to keep afloat even increase sales. Alth ough 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 intense 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 straw increases then the supply increasing as well and Dominos Pizza need to increase the prices and then the demand decreases. TASK 3 c Discuss the business and cultural environment of your selected organisation and valuate to what extend it shapes the behaviour of the organisation. Food is the most culturally sensitive menage of consumer goods.For Dominos richness 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 raft of quality products that wants to consume and this is influenced by lifestyle 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 Pizz a with smoked 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. outside(a) trade has many advantages but also requires some higher costs than domestic trade. International trade is very important for economic ontogeny in general and for individual countries economic nurture. Like other countries and UK place 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 country and when UK sells goods and services to other countries is called export. For Dominos Pizza international trade is opening new o pportunities 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 policy-making system. Globalisation have fallow drivers market drivers cost drivers government drivers competitive drivers Market drivers degree of homogeneity of customer needs existence g lobal distribution network transferable 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. monetary value drivers potential for economies of scale ecstasyation 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 compatible technical standards and common marketing regulations privatisation government activity can help Dominos Pizza by big(a) import taxes and export taxes. Globally, Dominos can work in countries with less advanced tech nology 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 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 atom States to facilitate 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 n ew 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 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 destination My opinion about this course 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 nati onal 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 Available at http//www. coversupermarket. com/ intercommunicate/? 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 coil/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 . ONL INE 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.