Business Report on Verdant Leisure: SWOT Analysis, CSR, and Innovation
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This report provides an overview of Verdant Leisure, conducting a SWOT analysis, discussing their corporate social responsibility, and exploring their innovation and creativity in business. It also includes recommendations for the company's future growth.
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BUSINESS REPORT
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Table of Contents Part 1 Introduction...........................................................................................................................1 Overview of the company......................................................................................................1 Part 2 Analysis.................................................................................................................................1 2.1 SWOT Analysis of business.............................................................................................1 2.2 Corporate social responsibility of the business................................................................1 2.3 Innovation and creativity in business...............................................................................1 Part 3 Conclusion and Recommendations.......................................................................................1 CONCLUSION................................................................................................................................3 REFERENCES................................................................................................................................4
Part 1 Introduction Business is the separate legal entity which is formed by the individual or group of people in order to manufacture products and services to the project creation of selling them in the market so that they can generate high profitability and growth(Shim and et. al., 2017). Every business organisation needs to understand the emergency changes in the business environment so that they can sustain in the market by for a long period of time. Verdant Leisure is the chosen organisation for this report. It is the holiday park which is offering outstanding customer service excellent holiday accommodation. This report will cover the structure and overview of the company and also conduct the swot analysis in order to understand strength and weakness of the firm. Moreover it also explain the corporate social responsibility of the business and their innovation and creativity in the business. Overview of the company Verdant Leisure is the holiday park and accommodation offering centre dream holidays and homeownership in the United which is established in 1990 and it's headquarter is in Lancaster, England. The holiday park location not only provide opportunity to spend time together in some picturesque sport but also gave each family member the time and space try to outdoor activities in order to explore the new idea. It is privately owned organisation which is operating their business with 51-100 employees working in their organisation. Companies using innovative technique in order to meet the emergency change in the marketplace. Profit margin The company is earning the revenue of €8.9 million why was taken easily substance in the competitivemarketandgeneratehigherprofitabilityforusingadvancedandinnovative techniques in their various operations. Competitors The main components of the Verdant Leisure are firth Cottage and Costley Hoteliers. Structure of the company The organisation is using flat organisation structure in which various departmental manager and employees have free to take their suggestions and give their feedback to each other in order to get innovation within the organisation and is thick and it had profitability and growth in order to establish good brand in the United Kingdom. 1
Part 2 Analysis 2.1 SWOT Analysis of business It is the framework of analysing the internal factors of the business which are affecting the overall performance of the company. This also help in identifying the areas which need effective concern by the managers so that they can offer product in order to meet the emerging competition in the market. It is important for or Verdant leisure to use this framework in order to understand the strength weakness opportunity and threats for the company for their long-term survival. StrengthsWeaknesses ï‚·Theyareofferingsuperbrangeof holidayhomesforsalewiththe perfect environment. ï‚·Company is using HTML5, Analytics and jQuery 5 by which they can serve the huge guests. ï‚·Smallbusinessorganisationwhich country's future problem in expanding their market into new reason. ï‚·Due to limited number of employees, theycannotservelargegroupof customers at a point of time. OpportunitiesThreats ï‚·They can offer exclusive services with the use of innovative technology in order to increase profitability. ï‚·With the help of partnership and joint venture they can expand their market into new region. ï‚·Thecompanieshavinghuge competitor which become the threat for company. ï‚·Climate change is the biggest threat for the Verdant Leisure why which theyfaceahugelossintheir operations. 2.2 Corporate social responsibility of the business It is the self regulating business model which helps the company to be socially accountable to their shareholders employees and to the public. It is the practice which is also called corporate citizenship and company can be conscious of kind of impact prospects of society which includes social economic and environmental consideration of the business. It is the ordinary quotes in which the company in and society and the environment instead of contributing 2
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negatively to them. The company must use CSR activity for their brand image believe in that customer will be more likely to to business with the brand who is ethical to the society. Companies who has taken the step in order to improve the sustainability India operations measurable such as installing renewable sources of energy purchase of carbon offset in managing supply chain. Effort also had been eliminate the relations of unethical practices of the employees such as child labour. Although CSR program is the most common among large corporations as a small business also participated in CSR grow smaller scale program by doing local charity and sponsorship event. There are various social corporate responsibility of the business which are explained as follows: Environmental Responsibility:it refers to the belief that the company must operate their various business activities as a environmental friendly away as possible it is the common type of corporate social responsibility and Verdant Leisure is doing various environmental aspect in several ways: ï‚·Reducing: the use of single plastic, greenhouse gas emissions, pollution and general waste are the various factor which must be considered by every business in order to contribute towards corporate social responsibility. ï‚·Increasing: more use of renewable energy and sustainable resources and effective process of recycling product can also be contributed in corporate social responsibility in order to get effectiveness in business. ï‚·Offsetting: negative environmental impacts for example by planting trees and donated to the various causes can help in also meeting Corporate social responsibility towards the betterment of the company. Ethical Responsibility:it is related to the ensure that company's operating fair and ethical manner. Company can do the ethical Responsibility in order to achieve the fair treatment to their shareholders which includes employees leadership customers and suppliers. In context to Verdant Leisure, deyar engineering minimum wages to each employee so that they can be ethical to them in order to establish good brand image in the target market. Philanthropic Responsibility:it refers to the aim and the society to have a better place in the company. The organisation dedicated portion of their earnings and do that charities with the guiding mission in order to serve the society for their betterment and they collaborate with the charitable trust in order to do some charity for the society. 3
Economic responsibility:It is the practice of a phone banking all of their financial decisions and order to serve the society simply by not maximizing their profitability. 2.3 Innovation and creativity in business It is the pathway of reaching to the new heights of their product value and also improve their process and productivity in order to generate higher profitability in business organisation. It is necessary for every business to have creativity so that they can attract the new group of their potential customers so that they can be satisfy with their emerging demands in order to get a qualitative and innovative product for them. Creativity can goes hand in hand with the innovation and there is no innovation without creativity. While creativity is the ability of of manufacturing new new and unique idea and innovation is the implementation of their idea that is getting a new idea solution or product. In relation to Verdant Leisure, they are using innovative techniques Google analytics and social media platform so that they can attract the large group of their potential customers in an easy approach as it become the lifestyle of every individual to spend their maximum time on social media so this help in targeting large group of potential buyers Part 3 Conclusion and Recommendations It is concluded from the above report that small business organisation have a great impact on the growth of the economy. The business is using flat organisation structure so that they can take the valuable feedback and ideas within the organisation. This report will also conduct the salt analysis of the company in order to understand the strength and weakness. The organisation is also conducting various corporate social responsibilities such as reducing charity work and getting ethical consideration in their business organisation towards employees. It is it recommended to the company to collaborate with the other forms so that the can expand their market and generate high level of profitability by serving large customer segment in the marketplace. They must do the effective market research in order to understand the emergent technology and changes in the competitive market so that they can meet the competition and sustain in the business for a longer period of time which results in establishing good brand image in the market. 4
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REFERENCES Books and Journals Leung, S., Gregg, S.R., Coopersmith, C.M., Layon, A.J., Oropello, J., Brown, D.R., Pastores, S.M. and Kvetan, V., 2018. Critical care organizations: Business of critical care and value/performance building.Critical care medicine,46(1), pp.1-11. Bini, L., Bellucci, M. and Giunta, F., 2018. Integrating sustainability in business model disclosure: Evidence from the UK mining industry.Journal of cleaner production,171, pp.1161-1170. La Rocca, A. and Snehota, I., 2017. Business models in business networks–how do they emerge?.IMP journal. Shim, J.P and et. al., 2017. Internet of things: Opportunities and challenges to business, society, and is research. InICIS 2017: Transforming Society with Digital Innovation. Association for Information Systems. AIS Electronic Library (AISeL). Fine, C. and Sojo, V., 2019. Women's value: beyond the business case for diversity and inclusion.The Lancet,393(10171), pp.515-516. Website of the comapny: verdantleisure.co.uk 6