Welcome What do you think is the most successful business of recent times? Why do you think this? What do you think has made them so successful? Apple.

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Presentation transcript:

Welcome What do you think is the most successful business of recent times? Why do you think this? What do you think has made them so successful? Apple makes the most sales per square foot of shop floor in the world.

Welcome to Business Miss Cheetham Objectives: To think about the course ahead To begin to think about and use Business terminology

It’s a brand new course to us all…. You will have 3 exams at the end of Year 2. Short answer questions Data response questions Extended, open-response question.

Structure of the course: Year 1 Marketing Managers, leadership and decision making Finance HR Operations Management

Every functional area; involves MATHS FMOP Finance | Marketing | Operations | People Every functional area; involves MATHS

What are the business objectives set by Nando’s?

You are the CEO of Nandos and are making a decision on how you are going to expand the business You have 3 options in your groups – you need to choose one of the expansion plans and fill in the FMOP sheet

Option 1 To sell Nando’s food in supermarkets e. g Option 1 To sell Nando’s food in supermarkets e.g. chicken wings in nando’s sauce ready to be put in the oven. This will require supermarkets to stock these products, new equipment and factories to make the products and heavy marketing to promote the new products.

Option 2 To create a ’24 hour Nando’s Express’ business that means there will be takeaway stalls in service stations, petrol stations and stalls on the street for people to visit after a night out for example. This will require new premises to be bought, more staff to be hired and new operations system that means food can be cooked and served express style.

Option 3 To begin selling Nando’s merchandise e. g Option 3 To begin selling Nando’s merchandise e.g. t-shirts, mugs, plates in all Nando’s restaurants.

Human Resources (People) Operations Management What are the implications on FMOP? Finance Marketing Human Resources (People) Operations Management What costs will there be? Will it take long to break-even? (How long will it take to make back all the money you spent on the project?) Will profit margins be high? Will you need heavy promotion? What will be your pricing strategy? Where will you place your new project? Will you need any new machinery? How will you ensure your products are of high quality? Will you need new factories or will you outsource (order in from another business)? Will you need to hire any new staff? Will you need to do any training? How will you motivate your staff?

Operations Management What are the implications on FMOP? Finance Marketing Human Resources Operations Management

Why do you think it didn’t work? If you chose takeaway….. Why do you think it didn’t work?