Use of IT within Commercial Organization Essay Sample
- Pages: 6
- Word count: 1,397
- Rewriting Possibility: 99% (excellent)
- Category: business
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Introduction of TOPIC
Business or also called firm or enterprise, from the ancient times was known all around the world as the thing of making a profit that would increase a wealth of its owners and grow business itself. At the end of twentieth century business became current civilization phenomena. Nowadays business people CANNOT IMAGINE their firms without it.
There are two main types of business: business inside the country and international which are separated into private and public services. The type of business and in which services it should be added to depends from the person holding the business. Some people seek for money and POWER; some could do business because of revenge or competition to other business or the person holding the business. Some are trying to help other, for example: help to poor people or people needing financial help and there is business which serves to countries government which serves to both country and the public.
THE MAIN TYPES OF BUSINESS:
The private sector is often privately owned or created by group of people to earn money that will increase prosperity of its owners and grow the business.
The private sector can also ask help from the government to support them in financial or any similar help. The main objective of the owner of a business is a financial return in exchange for effort and recognition of risk.
The public sector is a piece of the country that deals with the delivery of materials and services by the government, either national or limited.
The main objective of the public business sector is to raise financial effort of the government and help the county.
Objectives that the business trying to achieve in order to gain its funds:
Survival is mostly used in newly started business which main goal is to survive the first period which is mostly is real pain in the neck, however it could be short term aim where spesific organisation wants to thing such as make biggest profit or sale as possible for the time set. This type of survival is mostly used in private business or than a new business enters the bazaar. It also very ofther in times of crisis where survival becomes most important objective of all.
To increas profit business are cutting their prices to half of price on goods which was not sold in time the organisation was expecting in other words business is doing sales on their goods. So those specifit goods are sold much quicker and for made profit business buy goods which are sold much effectivly and are making much more profic to the organisation. Other way to increase business profit is to sell two thing cheaper then it sould be or often business do buy one get one free which also works effectevly.
Earnings satisfying: Mostly used
This objective can be used in both sectors private and public, this target is based on making as much sales as possible. This may be caused owner want to make it large and avoig thing like survival or crisis or make his business much larger to make bigger profit in the future from economies of scale.
Growth versus profit:
To make profit, achieving higher sales in the short time many business are cutting prices which are reducing shot term profit.
Objective can be used in both sectors private and bublic, owner of spacific business could be trying to achieve higher sales in short time when mostly every business are cutting their prices down which are reducing short term profit.
Short-term versus long-term:
Objective can be usind in both sectors private and public, some business owners might make a decition to acctept lower cash income for short tie period while for made profit business can invest a great deal of new products which could make much bigger profit or do some fixes to provide goos service and keep customers coming back much often , or buy new equipment for their business which also would provede good service and keep their customers attention.
Objective mostly used in public service, a business owner may change its target over the time because a bussiness was cutting their prices down to get new technology to help providing good customer service and after its done change it to a new objective like making bigger profit to avoid survival or crisis in the future.
Objectives of two different organisations
Amazon (Internet CD and book seller):
When making history the specific organisation tries to make satisfy their customers by selling, trading or giving their goods as much as possible so the spesific organisation would be know in many countries and places. So people could remember it if even the organisation’s exsistance would be long time ago vanished from the places it used to be.
The specific organisation is making many fun event such as competition where people could have fun and add ratings to specific organisation, also it could be games on the organosation’s web site, chat in forums and such.
Sainsbury’s (commercial store):
Keep share holders happy
To keep share holders happy the specific organisation is trying to do as much as possible offers, sales and events to satisfy their share holders. Events could be done in many different ways such as reducing prices, offer people to keep both sides happy and such.
To increas profit organisations are cutting their prices to half of price on goods which was not sold in time the organisation was expecting in other words organisation is doing sales on their goods. So those specifit goods are sold much quicker and for made profit organisations buy goods which are sold much effectivly and are making much more profic to the organisation. Other way to increase organisation profit is to sell two thing cheaper then it sould be or often organisation do buy one get one free which also works effectevly.
To increas sales organisations are cutting their prices to 15%,20%,30% or sometimes half of price on goods which was not sold in time the organisation was expecting in other words organisation is doing sales on their goods. Other way to increase organisation sales is to sell two thing cheaper then it should be or often organisation do offer like buy one get one free which also works effectevly. Seeing that customers are mostly focusing on the sale not the thing they are buying.
Provide a service
In some shape or form, that phrase is one every organisation should be saying to each and every customer. Every organisation understands the importance of letting your customers know how much you value them and how you cannot wait to see them again. Consider some other things you can say to harden your relationship with customers.
(Refference: http://www.microsoft.com/canada/smallbiz/products/howto/Provide-Service-that-Keeps-Customers-Coming-Back.mspx )