Candleford Conservatories Ltd Assignment Example | Topics and Well Written Essays - 2000 words

Candleford Conservatories Ltd - Assignment Example A rise in foreclosures will hurt businesses in that those who can be potential customers will not be in that they are now not concerned about doing business with companies to obtain the things they want, they now have to be careful with their spending, purchasing only what they need and not what they want. Sometimes, they may not even be able to purchase the things that they need. Almost everyone in some way shape or form will feel the effects of the damage that an eight percent unemployment rate to have on the national economy. If there are problems in the UK, as far as the economy is concerned, there will also be problems with UK international trade in that there will be less goods to export, being that the workforce who will contribute to producing such goods will have dropped due to lack of employment that has resulted from the fall in the economy. Not to mention, inflation will also affect the international trading in that other countries will have to pay more for goods, which in the long run will hurt profits. This will hurt the economy considerably in that the UK will not be able to make money from outside sources as easily as before. The significant unemployment rate will cause there to be a lack of demand for conservatories, which will cause the customer base for Candleford LTD to be significantly less. Unemployment means that there will be a number of foreclosures. The more foreclosures there are, the less that will have homes, and if people cannot hold onto their homes, then conservatories cannot be installed and purchased. When the demand for conservatories drops, this effects everyone at Candleford Conservatories LTD, as the lack of demand can effect whether or not some will continue to have jobs, since the profits that the company brings in supplies workers with their salaries. 12) Illustrating your answer with examples related to the case study; explain the difference between strategic and tactical business decisions. (6) The differences between strategic and tactical business decisions are that strategic business decisions would use the company's history to make future business decisions, carefully strategizing what moves will be made next, as it pertains to the success of the business, and tactical business decisions are methods that the company will be able to employ in order to be successful, such as what tactics that will utilize to target their client base and improve their operations. An example of a strategic business decision is when Paul analyzed the company's history before he made any decisions about the company's operation. For instance, he paid attention to what his father did. He took not of what worked and what did not and carefully considered all factors before taking a first step. A tactical business decision was made when Candleford had to figure out how they would function in a down turning economy where not only did the industries that they so heavily depended upon were drasticall y effected, they had to be creative in getting customers to purchase conservatories. 13) Giving reasons to support your opinion, explain: a) Which industries or sectors of the economy are likely to suffer less

Professional Needs To Develop a Good Carrier Opportunity Essay

Professional Needs To Develop a Good Carrier Opportunity - Essay Example The researcher states that since employment becomes a mode of living for an individual hence he would be discussing the employability that acts as a vital tool for his personal and professional development. The communication and interpersonal skills are essential for an individual to survive in an organization and this would help me to develop further skills like the leadership skills and experience in dealing with challenges. The researcher would gain relevant experience regarding the strategies to be undertaken in order to face the challenges that come across the professional carrier of an individual. With his development skills, the author would be able to deliver well for the welfare of the organization. Since skill development is an important issue for being a part of the organization the author feel that through this he would be able to enhance his job performance. However, according to the author the majority of the skills are developed during the on-job activities as well as action learning. The on job experiences include developing skills related to managing a project, job shadowing and taking up a new responsibility. The researcher can develop his leadership abilities by taking up the responsibility of the manager and he can interact with his team members regarding the projects assigned to them. Further taking up new responsibilities would enhance his problem-solving skills. According to the author, it is the duty of the managers to understand the requirements of the clients and communicate the business requirements to the team members. The researcher can also deliver training as a team leader that would improve his leadership skills and abilities. The organizational culture also plays a key role in improving the level of performance of the organization in the international market. Adjusting to the new work culture would be challenging for the author as it will take time to understand the needs of the organization as well as the ability of the team me mbers.