The Core Business Functions Of Food Chain Commerce Essay

The Core commercial enterprise Functions Of Food Chain Commerce Essay pabulum strand Super securities industry established thirty years spur has a chain of Supermarkets around the Island and is owned by a group of wrinklemen. peerless objective shortly is to increase the member of supermarkets from fifty that exists now to eighty in an separate two years. The business is very(prenominal) stable and has a strong brand name. The prices and very competitive and has budgeted the middle income group customers in the society.The customers ar intelligent and ar sensitive to the changes in quality and price and comp atomic number 18 the prices with the former(a) supermarkets. Bearing this in mind the quality has to be primary(prenominal)tained with very competitive prices and not lose sight of the shekels targeted.Market sh be is something mainly associated to profitability and many businesses do increase the sales to competitors. nutrient range of a function is no exception an d is in the process of increasing sales by opening much outlets to customers, on that pointby earning much. solid food CHAIN has a great re assembleation for their services offered by their efficient staff and would not want anytime to lose their reputation. Resultantly they have to see that sales grow and customer service is maintained at a high level.Towards this the Top Management intends to create an attractive difference towards the customers shopping at food for thought CHAIN Supermarkets. They want to introduce trends such as new stores formats, on cable television service shopping, that is to make available on line ordering. FOOD CHAINs website has the prices of the products marketed by their supermarkets and is being updated regularly which could be a boon to the customers.It is also ewisaged to bring together the presently available network that links wholly their branches through the internet to all their Supermarkets Island wide to relieve online shopping and deli very of orders. At the same time the management is also concerned close retentivity an eye on the returns the business makes with resources available. To ascertain this, the Return on Capital Employed (ROCE) is made exercising of. This is given as a plowsh atomic number 18 of operating profit against capital employed and higher the percentage figure the give away it is. This could be comp ared with the previsions years results to find out if there is use or fall.FOOD CHAINs next object is to collaborate with Sri Lankan shops in other countries as a source to market their goods. This is viewed as a global approach. They also plan to link with vegetable wholesalers from Dambulla and vegetable and fruit farmers confused all over the island to enable export these topical anaesthetic anaesthetic products to revamp the economy of the country.FOOD CHAIN wishes to put in place a system to monitor the trends of the off line and online customers to provide them with a better service in line with their buying to trends. They want to have a to a greater extent nationalistic expectation to make customers buy Sri Lankan Products while carrying out an aggressive marketing of campaign to attract more and more new customers and make a national contri furtherion.Task 1.3 mould is an analytical tool which considers external factors and helps you to telephone about their impacts. This is a useful tool for understanding the big picture of the environment in which you are operating by understanding your environment, you can take advantage of the opportunities and minimize the threats. This provides the context within which more detailed planning can take place to take full advantage of the opportunities that present themselves.The factors of PESTLE analysisP Political The present and stalwart influences from political sufferingsE Economic The local and arena economic movementsS Sociological The way in which changes are in society will extend to the transcriptionT technological How new technologies affect the organizationL Legal How global, national and local lawmaking affects this organizationE environmental Environmental issues of national, local and globalPoliticalGovernment example and reputationFree of the press, rules of law and stages of bureaucracy and corruptionRegulation and de-regulationsPublic and employment legislation revenue policies and tradeEnvironmental and customer-protection lawful systemAlterations in the political environmentEconomicStages of a business development cyclePresent and projected economic grown and interest ratesUnemployment and supplying of jabLabour costsLevels of disposable earn and earning distributionImpact of globalizationImpact of technological and other changes on the current economySociologicalCultural features, health senses, population growing rate, age distribution,organisational culture, postures to work, management types, staff attitudesOccupations, education, living standards earnin g capacity.Media views, policy changes drive to social factors, trends and publicityDemographics age, civil status, gender, family size, raceTechnologicalAdvancing of technology, discovering of technological developments, researches funding, implementationInternet, global and local communications, information technologyLicensing, patents, finding of technology solutions, inventions, researches, keen property issues, implementation in manufacturing, potential innovation,Transportation, energy sources, associated dependent technologies, rates of obsolescence, waste removal or recyclingLegalPresent local market legislation and future legislationInternational legislationRegulatory bodies and processesEnvironmental rules and regulations, employment law, customer protectionIndustrial regulations, competitive regulationsEnvironmentalEcological problemsEnvironmental problems and environmental regulationsConsumer values, market values, values of stakeholder and investorManagement type, staf f attitudes, organizational procedures, staff engagementsFOOD CHAIN is a good-known and well established supermarket chain which has 50 super markets in island-wide. FOOD CHAIN is currently island-wide food discounter which aimed middle income group in the society.The PESTEL analysis is concerned with the environmental influences round up a business. We will recognize influences of the PESTEL analysis and how it is useful for summarizing the exterior environment in which FOOD CHAIN operates. Somehow, it must be followed up by thinking of how a business should respond to these influences. There are many key strategy moves that FOOD CHAIN made to activate their strategy to be successful.The main point in the success of FOOD CHAINs strategy is the corporate culture they have imbedded into this alliance, which flows from the perish level management to their shop employees it has greatly supported their resort. It has been entrusted the company to be flexible and also answerable to t he market, so it holds its competitive edge. This imbedded procedure is illustrated by their employee which deploys shop employees to come with new ideas for new lines. Their skills and abilities to build up teams and give to the company procedure has enabled the company to adapt.Another main point in their strategy is that the direction of the company is structured. Their simple structure allows communicate within the company to extract much speed and more efficient rather than a complicated structure. With the company target on staff training, with the super market being motivated to be on the shop for 95% of time, it certify a good leading creates a good team with much better, sensitive and willing to work long hours.PESTEL analysis for FOOD CHAIN must consider every important exterior factors impacting on the company. These factors may have economic, political, sociological, legal or technological, environmental dimensions.FOOD CHAIN always keeping in touch about the political situation in the country and the impacts of local government and also the international situation. Because their Economic analysis take to investigate the situation of the stock market and tax increases, among many other matters.Task 1.4The concept of stakeholder is a diverse of stockholder, which related to owners in or investors in a business or firm. We can settle stakeholders as groups and individuals who are affected by activities of an organization. Most important stakeholders can be found as those with more to lose from the organizations activities, but that does not always reflect their relative powers. Their objectives and goals are very immensely, but they must be considered.Previously it had been the common concept that businesses basically expect and in turn make the economic capital, which is turn up in the form of stockholders. The rise to reputation of stakeholders allow firms to realize that there are infrastructure and people beyond the company which are need t o it and who must have their attentions protected. An organizations stakeholders are the parties who are able to reasonably be understood to be affected by its verdicts. They can be considered to represent the businesses social capital as well as economy. Mainly they can be categorise into two groups as Internal, External and Connected Stakeholders.Internal stakeholders included with managers and employees and are situated within the company and affect to the day-to-day operations of organization. Connected stakeholders are covering groups such as suppliers, shareholders and customers, and also are parties which investing or dealing with the organization. Third group is External stakeholders, which are not directly machine-accessible to the organization but who can be influenced of the organization through various manners. External stakeholders include with the Government, local councils and the surrounding communities.The stake holders of FOOD CHAIN can be categorized as sane way . initiative the internal stake holders. Like directors, Managers and Employees who are directly involved and the connected stake holders such as share holders, customers and suppliers with the realization of the objectives and the increase in turnover and profits the benefits will drain down to all stake holders by way of increase in salaries bonuses to the employees, profits to the share holders, better payments to suppliers and better prices to the customers. FOOD CHAIN subscribes to the stakeholder concept highly trying to see that its internal stakeholders obtain their objectives while keeping other stakeholders also satisfied.The management of FOOD CHAIN trying to create the classic win-win situation for all stakeholders. One of the main tasks of management is to find solutions that will worthy achieve the goals of every stakeholders. FOOD CHAIN is extraction to develop procedures for linking stakeholder concern to the strategies they understood. In order to implement a stak eholder management achievement, organization needs to do many things as including the followingsIdentifying the FOOD CHAINs stakeholdersDecide what are primary, indirect and secondary as well as actually which stakes each group holds in their organizationEstablish what sort of responsibilities the organization has to each stakeholder groupIdentifying any impacts between stakeholder criteriasDecide how this organization is able to better respond strategically to these opportunities and threats inherent in the stakeholder claimsFOOD CHAIN mainly considering about the rights and interests of stakeholders are very important, as they are objects to which the different ethical theory and framework is applied. However a large part of the ethics is deciding what is purposely owed to which one, recognizing stakeholders and claims of them is similar to establishing the interests in any legal case. FOOD CHAIN expects to expand their 50 supermarkets to 80 supermarkets, so stakeholders are the m ajor part of this scenario. To go through this challenge they have to concentrate about their stakeholders very carefully.