Business Management Essay Example | Topics and Well Written Essays - 2000 words - 2

Business Management - Essay Example Ownership types Lloyd pharmacy is owned by a pharmacist who has a registration certificate as per the state laws. These State requirements are disapproved always by large business selling ventures, and the concern has been raised in the perspective of Hilmer Competition Reforms. They oblige each state to spot and do away with any legislative fundamentals which are not competitive except public opinions that are of advantage. The presented structure of pharmacy possession takes care of: accountability and liability by those who own pharmacies– through the State along with Territory Pharmacy Acts, quality utilization of drugs, value-added key health care services for instance, management of asthma and diabetes, management of wound care, management of medication, allocation of public health teaching and material for information, methadone and exchange of needle programs (Kayne, 2005). Conversely, at MacDonald’s it is either a franchisee, the firm itself or a partner who op erates it. MacDonald’s corporation obtains their revenues from rent, fees paid by the franchisees plus company-operated restaurants and sovereigns. The UK business mode is diverse since fewer than 30 % of restaurants are under contract, with mainstream under the company ownership (Ahuja, 2012). Organizational Structure In Lloyd Pharmacy, the pharmacist, clerk and technician form the central part of the pharmacy team. Those who prescribe, nurses, and other health care employees are part of the extensive pharmacy team. The Lloyd pharmacy team shares a general objective, to offer good medical care to those who are sick. Every member has specific duties to achieve, but each share some tasks with other members of the team. Each of them rely on others to do their work; being aware of members of team’s distinctive function regarding one’s own will help in doing ones work in a well-organized and satisfying way. As a pharmacy clerk, one has a significant involvement to m ake to the team. In the contrary, at The MacDonald’s there are two structures, the senior management and the restaurant side. The senor restaurant include the general manager, assistant manager, shift running manager, floor manager, staff training crew and crew members. The general manager is answerable for the everyday function of the MacDonald’s fast food restaurant together with employing, instructing and supervising the employees, ensuring that the restaurant remains in proper working situation and guarantee that things run efficiently when the restaurant is open. They also do the totaling up the daily receipts, ensuring that the restaurant abide by all legal prerequisites and communicating with the General Manager. The assistant managers’ duty is to assist the general manager. The Shift Running Manager’s main task is to organize and control the way the staff work in shifts. The Staff Training Crew’s main task is to take charge of all trainings within the premise. Whereas Crew Members work all the way through the Crew Development Programme and this is McDonald’s standard training system. They get trainings both on and off the floor by use of a combination of shoulder-to-shoulder training and self learning. Responsibilities At Lloyd pharmacy, vending pharmacists offer counseling patients, respond to their

Strategic Analysis and Choice Essay Example | Topics and Well Written Essays - 3250 words - 2

Strategic Analysis and Choice - Essay Example Once the company’s products have been identified and measured within the matrix it is then possible to determine the following objectives which are the framework for strategic management within an organization. Cash Cows: This part of the matrix represents the products that generate more cash than they require to operate. They will have a high market share, but exist in a low-growth market. As they generate cash they can be utilized in other parts of the business. Problem children (or question marks): These require cash inputs and function in a growing market where their market share should be maintained or increased. These products have a low market share but need cash subsidies to enable the market to build up and increase and make these products viable profit engines in the future. Stars: This element of the matrix exists in the fast growing market and has high market shares. They are the high achievers, but need constant cash injections in order to sustain the position they are in. After a time they will move into another area of the matrix. But whilst in the position of star they need continual harvesting. Dogs: Exist in the low growth market and have a low share of the market. They are often seen to have little purpose within an organization except to drain funds and are generally at the stage where they need to be divested or fall into liquidation. The tremendous impact this company has had is largely a result of its continued pursuit of low prices, for the benefit of retailers, manufacturers, the culture of shopping, the shape of our communities, and ensuring wages and employment costs are kept low. Wal-Mart is the largest company in the history of the world. Americans spend on average $26 million almost every hour at Wal-Mart, every day of the year. Because they sell at such low prices Wal-Mart is estimated to save US shoppers $10 billion a year. Although it must be added