An Overview Of Sainsburys Plc

An Overview Of Sainsburys Plc Sainsburys PLC consists of Sainsburys a chain of 502 supermarkets and convenience stores-and sainsburys bank. Sainsbury’s Supermarkets is the UK’s longest standing major food retailing chain, having opened its first store in 1869. The Sainsbury’s brand is built upon a heritage of providing customers with healthy, safe, fresh and tasty food. Quality and fair prices go hand-in-hand with a responsible approach to business. Sainsbury’s stores have a particular emphasis on fresh food and strives to innovate continuously and improve products in line with customer needs. As per an article published on the BBC news website, Sainsbury was the market leader in the U.K until 1995 when Tesco took over the number one position. In July 2003 Asda took over sainsbury’s position to become UK’s second largest supermarket chain. As a marketing consultant appointed by Sainsbury PLC, through this document I shall lay down strategies which would enable Sainsbury PLC to secure its future, regain its momentum and emerge as a market leader in the times to come. It would be meaningful to begin our analysis through a current situations review. The purpose of analysis of our situations review is to primarily understand what may affect the enterprise in the future. In order to accomplish our objectives it would be worth assessing the external environment through: The super market retail industry in the UK is highly competitive. According to an article published by Research and Markets, under the heading â€Å"UK Food Retailing Market Forecast (2005-2010)†, large convenience stores dominate the retail markets in the UK. Seventy five percent of the total sales in the retail industry is attributed to the large supermarkets. Again seventy Five percent of the market share is held by four large players in the industry which include Tesco, Asda, Sainsbury and Morissons. The industry is projected to still witness enormous potential of growth, unlik e other developed regions in the world. According to an article published by the Oxford University press, â€Å"Michael Porter made one of the most thorough attempts to analyse the economic forces within an industry. Porter’s work had an important place in the positioning school which sees the fundamental role of strategy as positioning the enterprise for the future† Threat of new entrants: Threat of new entrant would be high when the industry appears attractive and the barriers to entry are low. The UK supermarket industry is rewarding and as discussed earlier is projected to see further growth. This makes the industry eye-catching. However there is no doubt that entry into the UK markets would require a huge amount of capital. Considering this it would be appropriate to expect entrants from developed parts of the world. I see a threat of entry from American retail giants keeping in mind the slowdown in the retail industry in the American markets. One cannot undermine the possibility of new entrants from other European regions. A recent example would include the entry of German supermarket giant Lidl which has opened up retail stores in major British cities.

DOES AUDIT REGULATION ENSURE AUDITOR INDEPENDANCE Essay

DOES AUDIT REGULATION ENSURE AUDITOR INDEPENDANCE - Essay Example The objective of the present research is to define the UK auditor’s independence in the regulation of audit, the scope of competences and responsibilities of various professionals, and to evaluate who and what can be the best practice in auditor independence. The writer will define and analyse the concept of auditor independence in the audit regulation and will investigate effectiveness of audit regulation in the current state of UK auditors’ independence. Specialized accounting corporations and various government authoritarian organizations throughout the globe have accentuated that auditor autonomy is both an ethical and a professional matter, essential to auditors. Independence has been examined as â€Å"an intensely felt professional philosophy†. It is supposed that part of the solution in deciphering ethical impasses regarding potential and identified risks to assessor independence is to put more stress on professional beliefs (Mednick, 1990). The Ethics Committee of the International Federation of Accountants has also highlighted the notion of independence as an ethical subject in its principles on assessor independence covenanting with veracity, neutrality, and secrecy. Many writers have turn up with behavioural, theoretical, sociological and officially authorized definitions of independence and what makes up a mutilation to auditor’s independence. Elijah Watts Sells (1908) emphasized the significance of the auditor’s independence in relation to the auditor: The place of the public accountant in regard to corporations and their management is at all times an independent one. Unlike the legal representatives, he is not projected to make out a case. The nature of the service he provides is impersonal (Sells, 1908). Near the beginning of 1928, a perspective in the Paper of Accountancy emphasized the subsistence of a clash of interest when an auditor is a stockowner, executive,

Hospitality Management Movie Review Example | Topics and Well Written Essays - 500 words

Hospitality Management - Movie Review Example The show is currently on its thirteenth (13th) season. The communication pattern in this show is basically that of a mature audience but the show is meant for a general audience and as such is bleeped out. In the thirteenth season episode one there is a number of contestants all fresh with hope and fire in their veins ready to take on the competition. As stated by the narrator the trash talking too is not spared for a show later. Ashley, Frank. Katie, Jr, Sterling, Latasha, Jennifer, Bryant, Santos, Denine, Kalen, Fernando, Aaron, JP, Roe, Sade and Janai. The show is to happen in Chef Ramsey’s famous kitchen and hotel in Caesars’ place which is in Las Vegas. The show’s location begins at a Cinerama in which Chef Ramsey proposes that the competitors watch an inspirational movie before they start the competition. While in the movies the Chef surprises them with a number of viewers and two other chefs who are their guide for a 45 minute challenge that happens in the culinary school of arts. They are then told to prepare a signature dish of their own with just under 30 minutes under Chef Ramsey’s strict supervision. Jp is the first contestant to win in under 15 minutes. While his confidence is present and huge, Chef Ramsey has doubt in his voice about the food that has been made before his eyes. Chef Ramsey in this episode is direct to the point with brief punctuations of profanity in the beginning when he meets the contestants. However in the communication between Ramsey and his contestants he is able to drive home his points in what sometimes comes out in a whimsical and brutally honest way. The first contest saw men lag behind the women in what was a contest that ended up with brutally honest answers to prepared dishes. Some of the contestants were unable to deliver good dishes while others presented really good dishes that scored them a rare 4 out of 5 score. The reason for some of this was due to poor