Report on Arcadias TOPMAN Essay -- Arcadia Business Management Essays

track on Arcadias TOPMANIntroductionOn the following pages you willing queue a formal report investigatingArcadias TOPMAN.It is a luxuriant report looking into several diametrical areas ofTOPMAN.In this report you will find information about- The line of descentes legal status- The disdaines objectives- The different division within the byplay and what they do- The management style the business uses- The kitchen-gardening the business has- The ICT used in the business- The types of communication used in the businessThere are at several different types of business the main ones being sole dealer, partnership, private hold in company, public limitedcompany and franchise.All of the above company types are slightly different from each other.A sole trader is a company that is owned by one person. They are theirown boss, they make their own decisions, entirely the profit that thebusiness makes they have, they have the freedom that you dont posturewhen you are flexing for so meone and a sole trader business is easy toset up.Also being a sole trader has disadvantages, the owner has to deal withall of the pass of the company (unlimited liability), they have towork long hours because they have to run the business them selves,they have fewer holidays than you would running(a) for someone becausethey have to do everything them selves, getting money to start up asole trader business can sometimes be hard because if a loan was ask banks hesitate when giving sole traders a loan because a veryfew amount of sole trader business succeed, they usually go out ofbusiness in the first year of trading.A partnership is a company that has to be owned by between two andtwenty people.Investors in a partnership company can decide to join the company as asleeping partner which is a person who invests money into the businessbut takes no part in the running, because in that location are lashings of peoplerunning the business all the experience that every section of thewor kforce can be shared, all of the workload that needs to be dontcan withal be shared, all of the loss or expenses can be shared betweenall of the partners therefore there would be a less amount to pay, themoney that is needed to start the business can be made easier becausethere is a lot more people to combine there money together, excessivelygetting a... ... in higher profitturnover.Not only was the rendering 5 money box system a strength but it also createda weakness, when the till system was first introduced for the first 4weeks there were a lot of problems with them, they started, working extremely slow, declining most cards that customers cherished to paywith, freezing.All of the above problems caused TOPMAN to loose a lot of customers,when these problems happened the till had to be re-booted which tookon aerage 10-15 minutes and customers used to get fed up and leave.Communication in TOPMAN is highly important when it comes to meetingthere objectives, because TOPMAN has so many departments that arespread out all over England it is extremely hard to communication witheveryone, but it is important.TOPMAN has developed several ways to effectively report with allof them departments whether its through e-mail, or telephone TOPMANhas a way to communicate with every person in the business at anytime.So the communication in TOPMAN is very effective and helps TOPMAN compass all of its objectives by providing every member of staff withthe option to communicate with anyone they need at any time.