Effectiveness in the Business World - PDF

Added on - 04 Oct 2020

  • 14

    pages

  • 2636

    words

  • 2

    views

  • 0

    downloads

Showing pages 1 to 4 of 14 pages
Effectiveness in theBusiness World
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1A. Briefly describe the nature of business you have or might like to have in the future...........2B. What are the advantages and disadvantages of owning your own business?.........................2C. In what ways could PESTEL be useful in planning your start-up business?.........................3TASK 2............................................................................................................................................4A. Impact of ‘Globalisation’ on T-Shirt Industry.......................................................................5B What suitable technology would your business use and how would it improve theoperations of the business?.........................................................................................................5Task 3...............................................................................................................................................7A. Briefly identify who your ‘customer’ is likely to be. Why is it important for a business tounderstand its customers?...........................................................................................................8B Describe TWO ways in which you might attract more customers to your business..............8TASK 4............................................................................................................................................9A. What is the role of ethics in business?................................................................................10B With examples from other businesses, describe how your business can treat its staffethically....................................................................................................................................10REFRENCES................................................................................................................................11Books and Journals..................................................................................................................11
INTRODUCTIONBusiness effectiveness could be described as level of quality that is maintained by a firmin each of its operations, process or tasks that ultimately results in high business performance.The project is about Inked Tissu which is a new t-shirt venture operating in UK, London. Theassignment will discuss about nature of business and its advantages and disadvantages of startingthis business (Bosma, 2013). Further it will evaluate competency of planning out this businessesthrough PESTLE Analysis along with describing suitable technology, target audience and USPto attract customers. Moreover a synopsis about role of ethics in business and ethical behaviourwith staff will be explain.TASK 11
A. Briefly describe the nature of business you have or might like to have in the future.With customers becoming more experimental to wear something unique from others andwith latest technology that are been introduced T-shirt printing industry have become of themost profitable venture to establish as a brand if one is having creativity, new and innovativeideas and is well equipped with efficient marketing strategies to promote them.Inked Tissuis a self owned and self managed t-shirt start up that deals in T-shirtprinting and retailing the products to its end customers. It deals in providing wide range of menand women t-shirt including Polo, V-neck, graphics, hooded, crew neck , scoop neck and manymore. Also, company is indulge in taking online orders through its website for customizing andprinting t-shirts of customers chosen designs and fabric.B. What are the advantages and disadvantages of owning your own business?In today's modern time T-shirts are an everyday utility for both men and women. Thisbusiness is immensely growing and becoming popular making t-shirt printing a million dollarbusiness industry (Chhokar, Brodbeck and House, 2013). The main reason behind this boom isthe latest technology and various methods that have been developed and also due the fact thatthis start up requires considerable less investment in comparison to others. Mentioned below arecertain advantages and disadvantages of this business:Advantages:Affordable prices and cheap with bulk orders:With emergence of improvedtechnology like DTG, laser printing it has become to easy and cost effective to custom t-shirt printing. Also when manufactured in bulk it further reduces production costs. Thishelps in earning decent profits on brand apparel as its meets customers requirementswith attractive designs at affordable prices.Perfect for start-up:T-shirt printing requires less capital and limited resources to beinvested for commencing a business. Thus for a person who is having innovative andunique ideas this forms the most suitable venture for self employment.DisadvantagesMore equipments needed: Although initial investment in t-shirt printing is limitedhowever to be competitive business is required to use latest technologies like DTH,laserprinting etc. that is expensive. Also a lot of equipments are required for printing likeinks, screens , emulsion fluids and T-shirts at initial levels.2
desklib-logo
You’re reading a preview
card-image

To View Complete Document

Become a Desklib Library Member.
Subscribe to our plans

Download This Document