The terminal also has 2 items Richer sounds competition essay and lost per day which in relation with the other terminals and airports is better off. For this the colleagues need to take store or department manager or even arrange a career counselling sessions with anyone Health and safety training for colleagues All colleagues joined with Richer sound to work have their health and safety training when they first start and in later time when they need the training Training at induction During the induction course all colleagues learn the following: This means that there is a larger consumer market available to me and also means that I will have more potential customers.
Moreover, terminal 3 has the best crime rate in relation with the other terminals and airports. Furthermore, I have chosen to locate my business in terminal 3 and not the other terminals because this terminal is home to 41 airlines in comparison with terminal 1 which has 13 airlines, terminal 2 which has 28 airlines and terminal 4 which has 6 airlines.
Once these observations have been carried out, I will look for a suitable premises as to which I feel will be a good position for me and the venture and then justify my reasons as to choosing 1 premises over the other 2.
The availability of transport is also excellent at this airport and terminal as it has more transport links — the London underground and the airport has frequent connection with over buses per day.
The competitors that surround my chosen location is also lower than any of the other terminals and airports. In these 3 — day the new colleague will learn: This event of three-day course is called Virgin Seminar at Richer Sounds. This seminar helps Richer Sounds to keep their colleagues up to date on every aspect in the business — Training for all new upgraded systems or when they introduce new working practices for example when Richer sounds introduced the Epos system in their stores Their promotion policy Richer Sounds have strict policy on internal promotion; they do not like to employ new people for higher level unless they need people with specialist skills — All the colleagues start at sales assistant — All the colleagues working in the departments start off with the same assistant level — Every colleague that will be in a higher level than an assistant would have their respect by the junior assistants The career counselling instead of appraisal Richer sounds do not have a system of annual appraisal or performance reviews.
Once I have done this, I will assess the feasibility of the business in the light of the sort of people who are its main potential source of income.
Furthermore I will also estimate and find out the amount of likely customers, transport links, the availability of parking if relevant and the capability of the environment to support my proposition. Online Plagiarism Checker Sound and profitable business decision - Sample Essay For this piece of coursework I am going to see whether the opening of a new business which serves the passenger community area will represent a sound and profitable business decision.
In order to uphold this perception, the idea behind Ve store is basically based on a high tech cafi?? The main ones richer sounds thinks are: The airport itself receives well over 64 million passengers per year which means that there is a perfect business opportunity for me because I have a large market surrounding me in terms of consumers.
Virgin also specifically aim to maintain the perception of being a customer oriented organisation within the consumer market. The reason being as to why I have chosen this particular area over the other two is because this airport in terms of populations is huge.
This is because Richer Sounds wants their colleagues to develop more skills themselves. This training is usually taken by mangers only who then teaches their colleagues Management training Richer Sounds have an internal promotion policy, which means that colleagues who wish to progress their careers up to a manger level than they must have passed this level.
This means that I will have to put up with low competition which also means me bringing in more capital and profit. As my business will be located at either Heathrow, Gatwick or Stanstead airport I will have to go there and carry out some research.Strong Essays words ( pages) Richer Sounds - Competition Essay - Competition Competitive forces are the pressures put on a Business by other organizations which are competing to increase their share of the same market.
Richer Sounds - Competition Essay Words | 3 Pages. competitors for Richer Sounds are broken into 4 main groups: 1. Large chain stores. E.g. Curry’s, Dixon’s and Comet 2. Small specialist shops 3.
Large online electronic suppliers. E.g. QED-UK 4. Large online general supplier. E.g. Amazon and Tesco. These Businesses’ compete in many ways. Richer Sounds Suggestions for Business Competition.
Richer Sounds could lower their prices. By doing this, they could either gain more customers and any loss that is made because of this price cut can be easily covered or, then again, the competition could do one better and bring in a better offer and Richer Sounds looses more customers.
competition like that, Richer Sounds obviously has to work hard, and they seem to be doing well. Richer Sounds are constantly researching the sales prices of their. Sound and profitable business decision - Sample Essay For this piece of coursework I am going to see whether the opening of a new business which serves the passenger community area will represent a sound and profitable business decision.
Training at Richer Sounds Essay Sample. Richer sounds are very keen in giving each and every colleague training to develop their skills. They also believe training and development to colleagues can give following reason.Download