Extended Business Project: Primark Sector Analysis Report

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This report provides an analysis of an extended business project, focusing on the strategic approaches of Primark. The project explores factors that contribute to market positioning, including demand, competition, and legal regulations. It examines the influence of competitive forces such as new entrants, competitive rivalry, and buyer/supplier threats on Primark's strategies. The report also investigates how changes in technology and customer behavior have impacted the business sector, emphasizing the importance of adapting to technological advancements and maintaining strong customer relationships. The conclusion highlights the significance of extended business projects in enhancing business processes, expanding business activities, and fostering economic growth. The report underscores the need for strategic planning, market analysis, and adaptability to achieve competitive advantages and organizational objectives.
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Extended Business Project
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Table of Contents
INTRODUCTION............................................................................................................................2
TASK 1.............................................................................................................................................3
1. What factors attribute to this positioning?...........................................................................3
TASK 2.............................................................................................................................................4
2. The factors that may influence this approach.....................................................................4
TASK 3.............................................................................................................................................6
3. Has anything else changed within this sector?....................................................................6
CONCLUSION.................................................................................................................................7
REFERENCES.................................................................................................................................8
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INTRODUCTION
Extended Business project is the process that tells about how organization like
PRIMARK create different strategies that can help in the process of growth in the
organization and hence profit would be generated. These business had a great
advancement that can help in the process of extending their business in worldwide.
These projects generate a better coordination and planning that can help in the process
of achieving objectives of organization (Wi and Jung , 2010). This can also help in the
process of getting better image of an organization. These extended business projects
can generate a better functionalities and hence there would be better growth in economy
(den Dulk and et. al, 2010). The main function tells about a position of a sector and how
it can be positioned. It also tells that how companies compete in market. It also tells
about a competitive advantage that can help in gaining that can help in the better factor
of growth in an organization. It also tells about responds in market and that can help in
better position in particular market that can help in growth aspect (Cuenca, Boza and
Ortiz , 2011). This process can help in increase in particular business that can create a
better growth in an organization. This can help in generating better strategies also.
TASK 1
1. What factors attribute to this positioning?.
Organization is positioned within a sector by the process of demand in an
organization that can help in achieving the objectives. These positions can be generated
according to the basic function in which it shows what are the basic needs of customers
(Wilson , 2014). That is why PRIMARK had to generate a basic strategies that can help
in the process of better growth in an organization. These positions could generate a
better services to their customers that can help in the growth of an organization. We can
identify these positions by the process of demand of products and the competitors that
can help in making a function more systematic and reliable for company to position
according to that factor. For better identification there should be better planning so that
organization like PRIMARK can generate a better tool of positioning and this can help in
making a better profit of an organization (Kerzner, 2013). There should be legal rules
and regulations of an organization that can help in creating a better position in the
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market and hence this would generate a better function for growth in an organization.
The factors attributes to particular positioning would be like the positioning is done
according to the market condition and and if the market is in better aspect this can help
in positioning of an organization (Meskendahl , 2010). These type of positioning would
create a better growth in organization. This positioning can also help in extending
business aspects all over the economy and also create a profit for the organization that
is the main aspect for growth. This positioning would generate a better tool for growth of
the organization and also can create an better experience to employees that can help in
the process of better growth in economy. Positioning can be done on the basis of better
research of market condition that can help in the aspect of better growth of the
organization and can generate a better attribute for growth of economy as well as it can
help in the aspect of customer satisfaction. Positioning is generated on the basis of
better functionalities that are the main aspect in which better positions can be formed
and hence objectives can be achieved. It can also help in the aspect of better strategies
and plans that can help in better plans of an organization. This is main function for better
growth in economy. These positioning can create a basic impact that if the positioning
would be in better order this can create a better growth of an organization. Positioning
would be generated as a better function in which it plays an important role and hence
can make a business successful and reliable for better growth in an economy. There
should be better function that can help in the process better positioning of an
organization according to better place that can help in making an organizational growth
that would generate a better tool for achieving the objectives of an organization that is
main aspect. If there would be better positioning of the organization this can help in
growth of market share of an organization that plays a vital role for growth and hence
objectives can be achieved easily for better achievement.
TASK 2
2. The factors that may influence this approach.
It can compete with other rivals by the process of 5 competitive forces. In this
function there is threat from new entrants, in which they have less entry costs and also
can help in the process getting cost benefits and many more. This also creates an better
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impact in business and hence marketing would become more easier. It also have a
better impact that there are less barriers and hence this can help in making a business
successful. There are competitive rivalry that tells about a basic things that there are low
customer loyalty and high costs. This can be a great threat for the company and hence
this can create a great impact in business. When there are large number of sellers then
competition increases that is a main threat. Threat from buyers can generate a better
tool in which buyers had a large series of buying a particular product. Threat from
substitution can have an impact on sellers if they doesn't provide a better quality of
product then customers would go for substitute. The chosen business creates a better
strategy that can help in generating a competitive advantage that is the main aspect of
each and every business functions. This would also help in the process of better
functions in which the organization can be free from the threats and hence these better
strategies can help in the process of better growth in an organization. If the organization
would have better strategies the growth of organization would increase and hence this
can create an aspect for achieving the objectives of an organization. By these better
strategies and planning can help in the process of better functions of growth in an
organization. If an organization does any investment in any of the function this can
create a better growth for the organization. The factors that may examine this approach
could be like supply chain, advertising, pricing and human resources. If there would be
better supply chain of products this can help in the function of better growth in an
organization and also creates a customer satisfaction and hence this can generate a
better tool as well. If there would be better advertising of the product it can create a
better image of organization. There should be better pricing strategy that can help in
better demand of products. HR plays important role in which they plan all essential
regarding the business and HR is the one that can create a huge impact to gain more
profits in the organization. These plays an important role that can help in making a better
control over the products and they check the quality of product so that it can help in the
process of better growth in an organization. These advantages can generate a better
tool for growth aspect that can be more functional and reliable for the growth of an
economy. These factors can create a huge impact that helps in making business
successful.
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TASK 3
3. Has anything else changed within this sector?
As in present scenario the business has changed a lot because of increase in
technology and the business. According to customers it depends on supply of better
products that had a great impact in business process and also created a better profit to
business and it also tells about a brand of a particular business (Grublješič and Jaklič,
2015). The business is responded according to the brand and the better quality that
plays a vital role for every business activity and hence this can generate a better tool for
growth in the market (Alshare and et. al, 2011). For every business it is required that
they should have better strategies and plans that can help in the aspect of better growth
in business activities of organization in an economy. It plays an important role that can
make a business more functional and economical in an economy. Yes, its position had
changed overtime by the process of increase in technology, as the current generation
purchase all products from different apps that are the main function that the demand of
products (Zaid and Champy-Remoussenard , 2015). It can also create an advancement
in the thinking of customers that had created a huge growth aspects in business
activities. Its position is changed on the basis of comfort of both suppliers and customers
that can help in making the business successful. Organization does better strategies that
can help in the aspect of changes in business sector. Changes are main aspect that
plays an important role and can make a better impact for growth in an organization.
Yes, many things had changed in this sector as due to change in technology that can
create a better innovation in an economy and hence this would create a better impact in
business process. Changes are the main thing that can help in creating a business
successful and hence this can create a better brand image of an organization and hence
these changes would create a better impact for the growth of an organization that is the
main aspect for every organization. There should be better coordination with
stakeholders that can help in the aspect of better growth of an organization as well. In
this sector there should be better relationship with customers that can help in the aspect
of better functions that can help in achieving the objectives of an organization. These
changes can create a huge impact for companies growth also. Changes are main thing
that can generate a better revenue to the company and also creates a better relationship
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for growth of an economy (Asosheh, Nalchigar and Jamporazmey , 2010). If there would
be changes in market it can help in the aspect of better growth of an organization. These
changes can generate a better tool that can help in making a business more attractive
and successful in nature. If there would be better changes in an organization then it
creates a better brand value in the eyes of customers and hence the demand of product
can increase that is the main aspect for growth in organization.
CONCLUSION
According to the above report it had been concluded that extended business
projects can help in the process of improvement in business processes that can have a
great impact in business activities and it can also help in the process of better growth in
the organization. It also helps in the purpose of expanding the business that are the
main aspect for each and every business activity. If there would be expansion in
business activities this can create an better impact for growth in an organization that is
the main aspect. If business activities would be in systematic way this can help in the
aspect of better growth in an economy. The report tells about the position of market
sector and that plays an important role n which the organization can have a better
growth and hence the demand could also increase. This is the main factor that tells
about a business process. For gaining competitive advantages organization should have
better strategies that can help in the aspect of better growth of the organization. These
strategies would help companies to compete in market in better manner and hence they
can achieve the objectives of an organization. It also creates a changing market that
plays a vital role and hence this can generate a better tool for growth in an organization.
Every organization should have effective strategies that can help in the aspect of better
changes of an organization. These changes in the organization can generate a better
and effective tool for growth of an organization.
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REFERENCES
Books and Journals
Wilson, J., 2014. Essentials of business research: A guide to doing your research
project. Sage.
Kerzner, H., 2013. Project management: a systems approach to planning, scheduling,
and controlling. John Wiley & Sons.
Meskendahl, S., 2010. The influence of business strategy on project portfolio
management and its success—a conceptual framework. International Journal of
Project Management. 28(8). pp.807-817.
den Dulk and et. al, 2010. The extended business case for childcare and leave
arrangements in Western and Eastern Europe. Baltic Journal of
Management. 5(2). pp.156-184.
Wi, H. and Jung, M., 2010. Modeling and analysis of project performance factors in an
extended project-oriented virtual organization (EProVO). Expert Systems with
Applications. 37(2). pp.1143-1151.
Cuenca, L., Boza, A. and Ortiz, A., 2011. Architecting business and IS/IT strategic
alignment for extended enterprises. Studies in informatics and control, 20(1),
pp.7-18.
Grublješič, T. and Jaklič, J., 2015. Conceptualization of the business intelligence
extended use model. Journal of Computer Information Systems. 55(3). pp.72-82.
Alshare, K.A., and et. al, 2011. Examining the moderating role of national culture on an
extended technology acceptance model. Journal of Global Information
Technology Management. 14(3). pp.27-53.
Zaid, A. and Champy-Remoussenard, P., 2015. Extended business work placements for
teachers: between lived experience and barriers to
professionalisation. European Journal of Teacher Education. 38(2). pp.180-198.
Asosheh, A., Nalchigar, S. and Jamporazmey, M., 2010. Information technology project
evaluation: An integrated data envelopment analysis and balanced scorecard
approach. Expert Systems with Applications. 37(8). pp.5931-5938.
Online
Extended Project Qualification. 2017. [Online]. Available through.
<http://aomsixthform.co.uk/extended-project-qualification-as-level/>. [Accessed on
28 April 2017]
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