Report on Tesco as a retailer Lab Example | Topics and Well Written Essays - 2500 words

On Tesco as a retailer - Lab Report Example pread over different countries of the world and has become the third largest retailer after Wal-Mart and Carrefour (TIMELINE-Tescos rise to worlds third largest retailer, November 2007). Tesco has been a consumer or customer centric organization and has gained much important information about their behavior through innovative methods. It has devised many new schemes which would initiates customer behavior which was profitable from the group’s perspective. It launched ‘Club card’ which was used to collect information about the customer or the consumer. These would be highly analysed to gain deep understanding of the consumer behaviors based upon which the company forms its strategies and other plans (Humby C., et al, 2003). Though an International retailer now, yet Tesco’s core market lies in the UK which even accounts for 755 of the total sales and profit of the group. In UK Tesco have 2100 stores and 280000 employees working. Thouh primarily a Food retailer Tesco has also diversified into non-food retail also which is also a part of its overall strategy. The group has got four main retail formats under which it functions and also a fifth one which is on the trial stage and is known as Homeplus. Some of the key pointer the group keeps in mind in context of its retail operations is its continued investment in innovation in terms of new product lines which would satisfy the customers. In this context it has launched various in-house brands like Value, Finest, Free From, Healthy Living, Wholefoods and others to cater to a wide range of consumers. They also follow a labelling system for their packages which contain all pertinent nutritional information and which helps the customer’s decision making. Express, Metro, Superstore and Extra are the names of Tesco’s primary formats and added to this is their trial format known as Homeplus (Core UK, 2009; Store Formats, 2009). Besides food retail Tesco also focuses on non-food retail. Under non-food retail the

Case study Example | Topics and Well Written Essays - 250 words - 63

Case Study Example ver, the method faces a significant limitation, it does not provide emergency address system to clients in case the funds are deposited to a wrong account or one of its payment products undergoes a breakdown. Another possible payment-processing alternative is the WorldPay Company. This platform offers affordable transaction costs to both small and medium businesses (Schneider, 499). In addition to a myriad of payment products such as western union and paypal, the company offers technology and support in respect to the sector of the client. The primary disadvantage of this method in respect to TMH is that there are no headquarters in the USA and thus the calls for assistance may turn out to be very expensive. Finally is the Merchant Express Inc., a company that offers two main merits in the market. It accepts all payment cards from all parts of the Globe, and it charges relatively cheap to as low as 0.19% per dollar transaction. The limitation of this company is that it is relatively new into the market and thus the levels of trust are relatively low. After a vehement analysis on the extent and impact of deploying each one of the payment processing method aforementioned, I recommend the Merchant Express Inc. because it is cost effective, and accruing to the relatively small clientele base, satisfactory services are highly

Airborne Express case study Essay Example for Free

Airborne Express case study Essay Airborne Express, an air express transportation company has succeeded to compete with a few big competitors such as Federal Express and United Parcel Service (UPS) even it does not have funding as much as its competitors. In 1996, it held third position in the industry with 9 percent of the market. Even Airborne is smaller size company compared to its main competitors, it still can survive with the competitive advantage through its resources and capabilities. With some unique resources and core competences, a company may have competitive advantage over its competitors, and this is the way small capital company able to compete with its competitors. Airborne Express is the first and only air express transportation company that owns an airport. Because of the limited control, Airborne has purchased an airline at Wilmington in 1980. Since then, the airport became the hub of the company, and all the operations of the company were conducted here. It is also the biggest privately owned airport in United States. With the ownership of the airport, Airborne is able to control the operations more easily. Besides that, Airborne does not need to pay for any landing or service fees to the airlines company like its competitors. Comparably, Federal Express and UPS own the planes but still need to lease the airport from other party. It helps Airborne to save a lot of costs. Apart from that, Wilmington airport is one of the strategic airports in United States. It means that the place is having a well weather record. For express air transportation industry, weather is a big factor that can affect the daily business operation. If the weather is bad, the shipments will not be sent to the final destination at the promised time. Time is the promise to the customers and it does affect the confidence of a companys customers. Besides airlines, Airborne also has a complete system of ground transportation. With the establishment of trucking hubs in some places, Airborne able to deliver the shipment that near to the hub using the ground transport. Almost 25 percent of the companys domestic volume is dealt with ground transport. However, the cost of service by ground transport is not transparent to the customers who assume that the packages are flown. Thus, the charge is same with the air-transported goods. Compare to air transport, ground transportation costs five times lower. From here, the profit margin  has been increased. In the other way, the company also can offer lower price for ground transportation packages. Instead of making more profit, the company can utilize the low cost benefit to compete with its competitors. In 1996, Airborne Express owned a fleet of 105 aircraft. To keep the capital expenditure down, Airborne has purchased only used planes. The planes will be modified to suit its specification for air express transportation. The cost of purchase and modification is $30million lower than purchasing a new plane. Compare to other companies, a big amount of money is being saved by Airborne. Further more, Airbornes DC-9 and YS-11 aircraft require only two person cockpit crew compared to normal three person crews required in Federal Express and UPS. Labour cost has been saved again. Airborne also have its own maintenance facility in Wilmington. It is the only all-cargo carrier to do so. It can handle most if the maintenance works except major engine repairs. It was estimate that the labour costs of $16 per hour is $49 lesser than the subcontracted labour cost. It was a major source of annual cost savings. Instead of serving all kinds of customers, Airborne decided to focus on serving the needs of high volume corporate accounts. It is because the severe competition and the cost of serving small customers. The company is able to establish scheduled pickup routes and use it as ground capacity more efficiently. Due to this factor, the unit cost structure has been reduced. According to the Airborne executives, their unit cost is $3 lower than its main competitor, Federal Express. Besides that, because of the different consumer behaviors between different groups, the focusing of the service is one of the ways to win a part of market in severe competition. By matching the needs of the groups, the company will have a better chance to win the customers than its competitors. Another aspects that Airborne get competitive advantage is the creation of the only privately certified Foreign Trade Zone (FTZ) in United States at its Wilmington hub. In a FTZ, merchandise is tax-free and no customs duty is paid until it leaves. It is a big attraction to the foreign companies. The companies can keep their inventories in Wilmington hub, and the inventories  will be delivered to the destination by Airborne when needed. The local companies that implement Just-In-Time policy will prefer the service very much. It is because the inventories cost will bear by the suppliers that keep inventories in Airborne hub. For foreign companies, not only can satisfy the needs of local customers, but also can save the cost of tax and duty paid. The FTZ is a good factor that will help Airborne to set foot into the international market. However, because of the capital constraint, Airborne still unable to compete with Federal Express and UPS in the international market. Normally, large sizes A-containers are used in the air cargo business. Around $1million per plane is required to install cargo doors to take A-containers. To solve the problem, Airborne has developed C-containers that are six times smaller, and can fit through the passenger doors of the aircraft. The equipment to load the C-containers also about 80 percent less expensive than the equipment needed for A-containers. The shape of C-containers also designed to allow maximum utilisation of the plane space. To prevent other competitors copy the design, Airborne has taken out the patent on the C-containers. Therefore, C-containers seem to be the speciality of Airborne Express. It helps the company to save a lot of costs. It is a long term cost savings because it involves in daily operation. Therefore, it also a long term competitive advantage over the other competitors. Apart from that, through its subsidiary company, Advanced Logistics Services Corp., Airborne is promoting a range of third-party logistics service. It provides customers with the ability to maintain inventories in a 1 million square foot stock exchange facility located in Wilmington hub. The customers can choose to manage the inventories themselves or subcontract to Airborne. In stock exchange service, third party will involve in the instruction for movement of the inventories. It easier the process of the movement of inventories, and also help the customers to minimise inventory holding costs. Airborne is the first and only air express transportation company that provide this unique service. It actually involves a complex system. Therefore, knowledge or human resource is very important in order to develop the system. Since it is the only company, customers who interested  with the stock exchange service will come to Airborne. The unique competence gives Airborne a competitive advantage. Science and technology is developing rapidly in the world. Information system becomes more and more important in the business world. The more developed system a company has, the more competitive advantage it gets. Airborne uses three information systems to help in its daily operation. LIBRA II system is a metering device and computer software that easier the transaction between Airborne and customers. It also lowers Airbornes operating costs. FOCUS is the main system provided by Airborne and it benefits customers the most. It is a worldwide tracking system that help the customers to track the location their package through Internet link. It increases the companys reliability and service quality. With the trust on the company, customers will be more confident to give the job. The third system is the Customer Linkage electronic data interchange program. It eliminates repetitive data entry and paperwork by the customers. It also a system that created purposely to benefit its customers. The company also benefits from lowering the costs by eliminating manual data entry. From all the resources and capabilities mentioned above, we could realise that most of the competitive advantages Airborne has over its competitors is through costs reduction. According to Porters Generic Strategies Model, Airborne is actually implemented a cost-focus strategy to get the competitive advantage. Because of the lesser capital, Airborne is unable to compete with the giant of the industry, such as Federal Express and UPS. If Airborne can be the cost leader in the industry, it can give a severe competition to the competitors. Besides that, the unique resources such as C-containers and Foreign Trade Zone are also giving core competences to the company. In conclusion, facing the competition from competitors that have powerful funding, Airborne not only can survive, but also get a strong position in the air express transportation industry. A correct and suitable strategy adopted by a company can change the company position. A company, which can fully and smartly utilise its resources and capabilities, it can have  competitive advantage over the other competitors and it really benefits the company a lot.

Pro-utilitarianism and ethical decision-making

Pro-utilitarianism and ethical decision-making In its simplest form, utilitarianism presents the means of decision making as a process of elimination. When contemplating which choices are ultimately right or wrong, utilitarianism suggests that the most accurate decisions are those that offer the greatest net outcome, in contributing to the pleasure or happiness amongst a majority of people. Calculating the quantity of pain and pleasure in these decisions allows for the elimination of those that reveal the most negative ends, in order to arrive at a conclusion. In a situation where someone must weigh the consequences of killing one person to save a group of others, or save their own morals by allowing the group to get murdered by someone else, the blatant utilitarian answer tell us to kill the one person. This accounts for the greatest happiness principle, as it grants the maximum good to the maximum number of people. Arguments that could be posed against this would be that integrity and morality are alienated with this method of judgment, as ethics tells us that no one should ever kill anyone because it is morally wrong. Utilitarianism, however, counters these arguments though the simple calculation of weighing positives against negatives. Ultimately, when dealing with this dilemma, the person must choose the lesser of two evils. It is evident that both options are evil in themselves; it is simply a matter of evaluating which one provides a greater good for a greater number. Questionably, the individuals emotions are not taken into consideration and their integrity is relinquished when the lives that could be lost are weighed against, in terms of utilitarianism. Regardless of what the person decides to do, however, not everyone is given the opportunity to live. Utilitarianism advises us that since value is placed on outcomes rather than personal inclination, people want to save for the greater good because human nature suggests that we have the best interests of others at heart. Even if the verdict declares an action that is generally considered immoral through human nature, saving x number of people in contrast to the death of x number of people becomes morally valid from a different viewpoint. Ethically, one may argue that it is immoral to compare the significance of one persons life to somebody elses, as everyone has an equal right to live. Since the traveler must do this comparison, many questions arise from morality because they know for certain they will be left alive. It can be debated that morality is not preserved in utilitarianism, because of the frail distinction between the person committing the murder, and the act of allowing someone else to commit it because of them. From a utilitarian standing, refusing to kill the townsperson would be morally unjust, because it leads to the death of so many other people. This brings about the worst possible outcome. The traveler will either have to live knowing they committed a murder in order to save many, or refused to harm anyone, inadvertently killing many. Presumably, the notion of murder is immoral, but becomes justified because of the greater end result in this particular situation. The outcome of a choice determines i ts morality-where the ends validate the means-when taking into consideration the pleasures and pains of unknown strangers to draw conclusions. The way we think of life in general is mirrored through the idea of utilitarianism. Calculating the costs and benefits of the decisions we make is something we do without any second thoughts, where we gravitate towards those that benefit the most. On a larger scale, utilitarianism takes this to include the pleasure or happiness of the greatest amount of people, ultimately being the highest and noblest end a person can achieve in life. We cannot quantify human happiness in the way we assume Williams wants us to. In suggesting that we are only happy if we are satisfied morally for our own benefit, this seems to suggest a selfish lifestyle. In reality, if people make others happy, this sparks personal happiness. In order to make the right decisions, we must think about what will provide the greatest good for the greatest number, considering all persons involved. We must weigh pleasure and pain, coming to a calculation to determine the best outcome. Ultimately, utilitarianism pertains to a persons character and desires, and does not only consider the outcomes of particular decisions. Once it is distinguished that bad intentions may cause harm-whether it is to you or to others-even if the outcome are not bad acts, the utilitarian analysis widens into a further moral theory where it is able to relate far more directly with the idea of our moral intuitions. When analyzing the decision of whether to commit the murder or not, utilitarianism certainly provides an ethical answer to why killing the one person is the right thing to do. Not only does utilitarianism consider this valid by purely the outcome, but it also provides insight into how our morality plays a role in why we decide to do it as well. Although it can be argued that utilitarianism does not account the morality of the person making the decision-as they must always keep in mind the outcomes of not only themselves, but everyone else as well-morality surely plays a role in the situation provided. Contribution to overall utility is most significant when shaping the morality of choices. Of course, every individual is not obligated to serve the general population every day through this theory, but even if only one other person is profited, it is plausible that an even greater utility and benefit for humanity may arise jointly.

The Impact of Forest Management on Water Supply and Quality Essay

The Impact of Forest Management on Water Supply and Quality Forest management can have either detrimental or positive effects on watershed supply and quality. The type of effect depends on the type of operation(eg. harvesting vs. reforestation), the way it is conducted, and the view point of the land manager(eg. more or less water yield). Timber harvesting activities tend to increase the water yields of a watershed. Evapotranspiration is decreased by the removal of vegetation. This decrease in ET causes the amount of soil water that is moving into the channel system to increase. Lower ET rates also increase the amount of water available for deep percolation that provides baseflow (Satterlund and Adams, 1992). The decrease in ET may be short lived. For example, when a stand is thinned, the remaining trees quickly capture the increase of resources that is made available through the thinning. Understory vegetation also increases growth after removal of the overstory. Therefore, timber harvesting should be viewed as a temporary reduction in ET rates. Another way harvesting increases the water yield of a watershed is by increasing runoff. When an area is totally or partially harvested, temporary or permanent logging roads are usually constructed. These logging roads can capture subsurface flow and divert it to ditches associated with the road. These roads can divert surface flow that would ordinarily by dispersed and infiltrate (Satterlund and Adams, 1992). Because of the surface characteristics of roads, precipitation that falls on them has a reduced capacity to infiltrate. The effects of logging roads can be temporary or permanent. Temporary logging roads eventually revegetate, and may even be planted with herbaceous pla... ... encourage sediment deposition. Some forest management practices include fertilization. This can degrade water quality if nutrients are allowed to enter the stream system. Fertilization normally takes place at stand establishment as a site preparation technique. Because this is a time in the forest's life where ET is reduced and runoff is increased, the greatest risk of contamination is then. Fertilization is also accasionally applied in mid-rotation. Fertilizer applied during this time period is not likely to affect water quality. Reforestation of a highly disturbed watershed will improve water quality. The amount of erosion will be lessened, and nutrient inputs from agricultural land can also be intercepted and taken up by the forest. Reference Satterlund, D.R. and Adams, P.W. 1992. Wildland Watershed Management. John Wiley and Sons, Inc. New York.

Analysing Invisible Man Essay -- Invisible Man Ralph Ellison Essays

Analysing Invisible Man After reading this book I wondered what it would be like to be blind then gain sight, but realize you cannot see yourself because you are invisible. It seems like a cruel joke that once you can see you realize that you still cannot see who you are. Even though this seems like a very depressing event Ellison makes it seem like a positive thing. While, at the end of the story, the narrator still does not know his place in the world he seems to be glad that he is no longer blindfolded. He even questions the reader's ability to see, "Who knows but that, on some lower frequencies, I speak for you?" What Ellison does well is the evolution of the narrator's blindness. The blindness motif seems to first show up at the battle royal. The blindfold scares the narrator. He was not used to darkness, and it put him in a "blind terror." This is the first time that the narrator admits his blindness, but at the same time he also shows the blindness of others. All of the men in the battle royal are blindfolded. Is this symbolic of the African-American's plight in society? The whites have blindfolded them and they have no idea who they are fighting against. So they end up beating each other rather than the real people they should be fighting. I think Ellison goes even deeper than mere race relations in this scene. I think he is showing the plight of the individual in society. I think Ellison is saying that we fight blindly amongst ourselves, and it is not until we take off the blindfolds that we can band together and fight the real enemy. When the narrator finally is allowed to remove his blindfold he is so preoccupied with what he believes he is there f or that he can not really focus on his fight with Tatlock. Again Ellison is commenting on the plight of the individual. The narrator is also blind to Dr. Bledsoe's true nature. It is not until later in the story that he realizes that Bledsoe wears different masks in front of different people. The narrator cannot be completely held at fault here because others are also fooled by Bledsoe. Bledsoe also dupes Barbee. Ellison then lets the reader know that Barbee is physically blind. Why is that fact important? I believe that Ellison is saying that anyone who buys into Bledsoe or Bledsoe's way of thinking is also blind. There is a point in Barbee's speech where he is "turning toward Dr. B... ... fact that he can be mistaken for Rinehart proves that Rinehart has no identity himself, but it also proves the same thing for the narrator. This seems to be why the narrator is never given a name. How do we identify people? By their names, and he has no identity so he is nameless. The Epilogue is as important as the Prologue. Here we learn that the narrator is ready to go out and search for his identity. However, now he seems to see himself as higher than others because of his experiences. He states that everyone has experienced the same thing he has, but on a "lower frequency." Is this conceit, or is he trying to relate to everyone? If it is conceit then I am less likely to trust the narrator and his point of view on all that happened to him. However, he speaks of his "social responsibility" so he seems to be a caring person, and it is because of this that I trust him. Questions: 1. Is Mr. Norton wrong in believing that the narrator is "his destiny"? 2. Who is the most "visible" person in the book? 3. Ellison seems to be speaking out against stereotyping, yet most of his characters are types rather than characters. Is he the very thing he is speaking out against?

Automotive Dealer Business Plan Executive Summary

The executive summary for your Automotive Dealer Business should be written last. It should include the main people involvedin your Automotive Dealer Business and their experience related to the Automotive Dealer Business. There should be a brief description of what the Automotive Dealer Business entails. Your Automotive Dealer Business should include some brief financial statements such as loans you will require and profit/loss statements for the first 3 years. Objectives The should be your short term and long term objectives for your Automotive Dealer Business. Mission What is the main mission for your Automotive Dealer Business.Keys To Success A few bullet points to briefly describe why your Automotive Dealer Business will be a success. Company Summary Company Ownership Who owns your Automotive Dealer Business and what type of business will it be  ± will you be an LLC etc. Location(S) And Facilities Address of your business if possible or a rough idea of the surroundings and the benefits this location will be for yourAutomotive Dealer Business. Start-Up Summary For An Automotive Dealer Business Provide basic details of the capital you require for your Automotive Dealer Business and how you intend to acquire that capitalif you don ¶t have it already.Start-Up Expenses For An Automotive Dealer Business This should be a list of all your start up capital required before you start trading as well as the amount if any you will beneeding to loan. Products / Services Product Description Describe all the products you will sell and give an indication of future products you will sell and the reasons why these will besold in the future and not now. Service Descriptions Describe all the services you will provide and give an indication of future services you will provide and the reasons why thesewill be provided in the future and not now.Market Analysis Summary For An Automotive Dealer Business Market Segmentation G ive the details of who your target market will be for the Automotive Dealer Business. Target Market Segment Strategy Explain how your marketing will get new and existing clients to buy from you. Market Trends Explain how in general the direction the Automotive Dealer Business is taking. Is it up or down and what are the reasons forthis and can you cater for the existing and new trends. Service Business Analysis Explain how the Automotive Dealer Business is run in a nutshell.Main Competitors Who are the main competitors for your Automotive Dealer Business. Try to explain their strengths and weaknesses. Strategy And Implementation Summary For An Automotive DealerBusiness Marketing Strategy How will you market your Automotive Dealer Business. Pricing Strategy What are your prices and the reasons for your prices. Promotion Strategy Are you planning a grand opening with special discounts on your opening night? Do you need to give special offers to attractnew and existing customers to your Automotive Dealer Business once you are established .Competitive Edge Explain why customers will come to your Automotive Dealer Business as compared to someone elses. We b Strategy The web is becoming ever more important for any business. How exactly are you going to use this medium in your AutomotiveDealer Business strategy. Sales Strategy How are you going to generate more sales for your Automotive Dealer Business. Strategic Alliances What other companies can you work with to help your Automotive Dealer Business. Management Summary Management Team Who are the main people involved in your Automotive Dealer Business.O rganizational Structure Which people are in charge of which departments in your Automotive Dealer Business. Personnel Plan List all the people involved or you will require to run your business smoothly with salaries or share options. Strategic Direction SW O T Analysis This is a summary of the business's most important strengths, weaknesses, opportunities and threats. Strengths Of The Business Excellent quality productà ¢â‚¬ Which means that† Adds to reputation. G ood management skills. â€Å"Which means that† Well run business G ood ability to extract information. Which means that† Can control the business. – Weaknesses Of The Business New Player†Which means that† Credibility problem may affect initial salesLack of systems†Which means that† The company needs to develop systemised operational & sales techniques or sacrifice profits O pportunities In The Marketplace Add-on products such as **†Which means that† A potentially enormous market for the Automotive Dealer Business to tap into. G rowing market segments. â€Å"Which means that† our Automotive Dealer Business should target these segments. Threats In The Marketplace Increasing supplier prices. Which means that† Resulting in reduced profitability. Declining size of the ** segment. â€Å"Which means that† Need to focus on growing segments to spread the company's p ortfolio Ne w Products To evaluate and launch new products or services which will turn over $xxxxxx in the first year. O ther Obj ectives (Goals) To not exceed a marketing budget of $xxxxxxTo not exceed a payroll budget of $xxxxxTo not exceed a general overhead budget of $xxxxxx Marketing Plan For An Automotive Dealer Business Marketing Obj ectivesSales Obj ective To achieve sales by XX% to $XXX Sales Obj ectives By Market Segment 1 Segment: To achieve sales to $xxxxxx#2 Segment: To achieve sales to $xxxxxx#3 Segment: To achieve sales to $xxxxxxOther To achieve sales to $xxx Promotional Strategies Advertising Develop a corporate brochure. Month 20XXDevelop personalised business cards. Month 20XXCreate Basic Website as a tool to promote servicesMonth 20XXAdvertise in local publicationsMonth 20XXAdvertise monthly in magazines that are specifically targeted to the ** and ** segments. Month 20XXAdvertise monthly in magazines that are aimed at the general industry. Month 20XX Lead Genera tion Program Conduct monthly on-going lead generation program.Send out monthly direct mail leaflets with response coupons. Month 20XX†Centres Of Influence† ProgramPersonally contact at least ten potential partners each week. Produce a monthly newsletter that shows examples of (your products) and how customers have benefited from using them. Month 20XX PR Program PR release to be initiated each month to various trade journals and magazines. Month 20XX Sales Force Employ telemarketing staff. Month 20XXOrganise training program to be implemented. Month 20XX Lost Customers Contact monthly all past customers that have not re-ordered to ask why not and see whether we can win back their business.Month 20XX Follo w Up Enquiries Contact all enquirers monthly and determine if they have purchased from a competitor and, if so, why. Month 20XX Existing Customers Follow up all new customers two weeks after they purchase to ensure they are satisfied with the product. Month 20XXSend qua rterly newsletter to existing customers to keep them informed of our other products. Month 20XX Sales Promotion Develop an ongoing sales promotion to target existing customers. Month 20XX General Marketing Strategies For An Automotive Dealer Business Competitor Pro f ile Keep updated competitor profile. Month 20XX Marketing In f ormation SystemDocument on every enquiry â€Å"How did you hear about us? â€Å"Month 20XXDocument on every order â€Å"How did you hear about us? â€Å"Month 20XXProduce monthly sales reports by product, by market segment, and by territory. Month 20XX Financial Strategies For An Automotive Dealer Business Cash Flo w Eliminate cash shortage in the traditional tight periods of to Month 20XX Payment Days Maintain payment of bills, on average, to xx days. Month 20XX Expenses Develop and implement new policies on approval and signatories on expenses. Month 20XX Leases Pay off the existing lease on capital equipment, thus reducing the monthly financial burden .Month 20XX O verdra f t Reduce the overdraft from $xxxxxx to $xxxxxxxMonth 20XX Wages Pay all wages on a monthly basis instead of weekly. Month 20XX Ne w Equipment Organise funding for the $xxxxxxx expenditure on new equipment. Month 20XX Pay b ack Ensure a payback on new equipment through sales of one year. Month 20XX Inventory Improve the number of stock turns to xxxxx a year. Month 20XX Rent Negotiate new terms on the premises and reduce existing payments by xx%Month 20XX Bank Charges Renegotiate with the bank and consolidate some outstanding loans with lower interest rates. Month 20XX O ganisational Plan O rganisational And Management Next Year's ObjectivesBudget – To not exceed the payroll budget of $xxxxxxxStaff – To employ or re-deploy a total of xxxxx full-time and part-time staff over the next year. HUMAN RES O URCE STRATEGIES O rganisational Draw organisational chart. Month 20XXDevelop incentive scheme related to job requirements. Month 20XX Policies And Pro cedures Develop policies and procedures manual. Month 20XXEmploy or re-deploy staff Employ one specialist ** salesperson. Month 20XXEmploy one marketing assistant. Month 20XXEmploy one accounts receivable person. Month 20XX