Performance Monitoring. This lesson is designed to be used in the classroom or as a homework task to support the teaching and learning of Performance Monitoring in BTEC Business.
This resource is designed specifically for Unit 2 of the Edexcel BTEC National qualification, 'Business and Management'. Image: If a company aims to reduce its impact on the environment how will it measure its performance? Copyright: Kenn Kiser All businesses, whatever sector they are in, will have plans, aims and objectives. In some cases these can be very sophisticated but in some small businesses very modest. Aims Aims are the long-term goals of a business. Aims of a business might be: SurvivalMaximise profitMaximise revenueBe environmentally friendlyBoost share price Objectives Objectives are the means by which the business will seek to achieve its aims. Task 1 Take two of the aims in the list above and think about what objectives a business might identify to achieve the aim selected. The mind map below summarises these main areas: Task 2. Reasons to monitor staff and what monitoring includes. Regulation and legislation. Online reviews: the rant in restaurant.
In February this year the Advertising Standards Authority ruled that TripAdvisor can no longer claim its reviews could be 'trusted'.
Photograph: Sunset/Rex Features What store do you set by anonymous online reviews? Research from an American university would suggest quite a lot: it recently revealed the terrifying importance customers attach to a restaurant's status on Yelp. A mere half-star difference in ratings resulted in a considerable jump or plummet in business (interesting given the site rounds a 3.74 down to three and a half stars, and awards four stars to a 3.75). All the more incentive, you might say, for restaurateurs to try harder. Little wonder, then, that many restaurants – such as Hawksmoor – email customers directly to ask them how their meal went, or that two companies have signed a partnership to help restaurants monitor feedback more closely. TripAdvisor, more popular in this country than Yelp, isn't bad for hotels but is functionally useless for choosing restaurants.
Bistro and Wine Bar Business Plan - Executive summary, The business, The market, Market strategy. Photo by: Natalia Klenova 3700 Johnston Boulevard Springfield, Missouri 65804 Thanks to this plan, the restaurant owner received $35,000 in an operating loan and $30,000 in a term loan.
The business is a bistro and wine bar offering customers first-rate food and wines along with a comfortable, elegant atmosphere in which to dine, meet friends, or have a drink after work. We are seeking $35,000 in an operating loan and $30,000 in a term loan. The owner will provide $15,000 in equity. After almost 15 years in the restaurant business, Mr. Mr. The Sale of Alcohol, Who Can Buy It, When and Where. Author: Anna Martin - Updated: 4 October 2013| Comment Alcohol is readily available in a surprising number of easily accessible outlets.
The sale of it is no longer the privilege of dedicated off-licences. Oddbins bounces back with double-digit rise in sales. 5 Great Reasons for Small Businesses to Invest In a Stock Control System. When it comes to stock control, people are always faced with the dilemma of whether or not investment in a stock control or inventory management system will pay off.
Later in this article we’ll give you 5 great reasons why a good stock control or inventory management system simply must be on your priority list, particularly in today’s tough economic climate. But before looking at those, it’s probably useful to describe exactly what we mean when we use the term “stock control or inventory management system”. Not so very long ago, stock control or inventory management systems would have been largely paper based. Essentially a way of tracking or listing stock, together with its location and value, stock control and inventory management systems have long been an essential part of any business’s accounting process. In recent years, stock control systems have become more sophisticated on the one hand, but thanks to the likes of barcodes, on the other hand have become somewhat simplified. Top 10 Recession-Proof Industries.
Certain businesses thrive on good economies.
Fine dining establishments, tourist trades, and gambling do well when the economy is good, but they tend to tank when it’s bad. A lot of people are not willing to spend the money when they think their job is on the line. There are certain industries that do just fine during a recession though. Even if the economy is bad, you still need to pay taxes, people are still going to die, and people are still going to need food and water. Industries that are based around those facets of life will still do well when the economy is bad.
But there are some industries you would not think of as recession proof that you would not peg as being recession-proof. 10. Antique Restoration is the practice of making junk items, and bringing them back to working order, sometimes better.