Human resources is another element that will complete the operation of the business. Hiring of people with the best qualities will help the business achieve its goals and objectives. In order to find the finest manpower, Ms. Shenalie S. Majillo will be in charge in the hiring and training program. She is responsible in looking for qualified personnel in accordance with the desired qualifications and treat applicants with fairness, making sure the legality of employer-employee contracts and providing trainings to staff that enables to broaden their knowledge and enhance their skills. It is also part of her tasks to create a well-defined and just lists of jobs’ duties and responsibilities.
Ms. Analiza Joaquin assigned to handle all the graphics
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Partners chose this type of business due to its beneficial impact such as larger accumulation of capital since there are many partners involved who will provide the funds. Through this way, the business can have an opportunity to expand and acquire some necessary equipment. There are also a better management system because of the joint force of ideas, experiences, information and skills between the partners. Partnership is such an easy way to form and provides less legal requirements compare to …show more content…
Once partnership assets invested and acquired by the partnership business, these begin to become personal properties and instead become joint property of all partners. Donut the Explorer can operate for an indefinite period of time and can easily be dissolved or terminated when there is incapacity, withdrawal or death of a partner. Since the business is an ordinary partnership, the income is taxable at a rate of 30%. The proposed business will be located in Tirona Highway Brgy. Marulas, Kawit, Cavite beside the Aguinaldo Shrine and will be operated officially after all the necessary legal documents has been accomplished.
The partnership shall be registered at Securities and Exchange Commission (SEC) with the business name Donut the Explorer. The business is basically engaged in the sale of doughnut and coffee products during the first five (5) years of operation and eventually offer a variety of new products.
Table 2.1 shows the name of the seven partners that will manage and own Donut the Explorer with their respective citizenship and residence. They are all Filipinos living in the same Province, Cavite, Philippines.
Table 2.1
Partners Name, Citizenship and
Partnership – “A legal entity formed by two or more co-owners to operate a business for profit.” (Longenecker, Petty, Palich, Hoy, Pg. 202) In a partnership, the advantage for the owners is the capability to reduce the workload and the financial burden, especially if each partner has management skills that enhances the business. The disadvantages of a partnership such as personal conflicts and leadership expectations, therefore this organizational form should only be chosen once all other options have been considered.
“A Collaborative Business Structure is designed to bring parties together in a long-term relationship to achieve a common goal. Sometimes this is done through the formation of a new entity, such as a partnership or joint venture that explicitly sets up an opportunity for each of the participants to combine its strengths with those of its partner to their mutual benefit. Clearly, this works best when the strengths of each one match up well with the constraints of the other (Chesterfield Group, 2017)
The joint venture as a partner in the network causes the result that benefits shareholders. In addition, it also increases the ability of the growth in international business and also makes a good public image, these effects to the prices of stock.
Throughout the past five years, BuckStar has accumulated excess capital and now needs to put it to good use. There are two plans that can accomplish this: adding products to the menu, expanding store hours and renovating the current stores or a one-year expansion process of 1,500 stores into Canada. Our main goals of these plans are to increase profit and maintain a workable supply chain. The plan that is most beneficial to our company is plan one, as it will be advantageous to begin selling donuts in our stores and to expand our hours. This plan is a much safer choice, as we will not be expanding into a new foreign country.
The other opportunity is the technological advances the company was upgrading their ships and more importantly were working on building new ones that will be ready to set sail in 2014. In addition, the technology has increased the cruise travel. Gives the technology to enhance the activities within the cruise.
The aforementioned criteria were used to determine the ten most viable countries/regions for Krispy Kreme's international expansion. The list of countries/regions, presented in descending order, with especially attractive characteristics denoted adjacent to the apposite country, is presented in Table 1 on the following page.
A second strategy that has been rejected is one concerned with the consumer awareness of SGC. Currently, SGC is only advertising to travel agencies. Coupled with segmentation, SGC’s current advertising strategy has hurt SGC in the sense that consumer awareness is considerably low. Only a small portion of the population even knows that Sea Goddess exists. SGC is only targeting those who travel frequently. They may want to target the portion of the population that wants to travel, but is unsure of where to go or what to do. In order for SGC to reach the consumer, new efforts must be made in the advertising plan. Mere travel agency recommendations are not going to be enough to keep SGC alive in the marketplace. Other vehicles are going to be necessary to spread SGC’s message about the luxuries and benefits of this extraordinary cruise. At the present time, only a small number of all travel agencies have the sufficient knowledge that it takes to make an informative sell to the consumer. It may be profitable for SGC to employ some hi...
No matter the breath or the depth of an organization, it will always have the inherent need for human resources. It is safe to say that without work force, no organization in the world would exist. Recognizing not only the need for people, but also more importantly, the need for skilled, efficient and loyal employees has been a key turning point in defining the role of the Human Resource professional. However, some of the most important and challenging functions of human resource professionals are directly related to the recruitment, selection, training, and appraisal of the organization's employees or potential employee. It is up to the human resource manager or management team to create a process and methodologies in recruiting, training, and appraising its staff in such a way that it is congruent with the values, vision, and culture of the organization.
Dunkin’s Donuts is a very positive addition to the business spectrum of Honeoye Falls however, there is a visible negative facet. For the past ten years, my town has had a tiny coffee shop that struggles to get customers through the door. It’s an unofficial landmark and is owned by a local family. My heart is always stuck with the family-owned businesses as I grew up in one myself. As the construction continues, we can only hope that the local underdog shop can figure out how to stay on the same competitive level as the big shot that has recently moved into
According to Noe (2012), most experts believe that the most important human resource decision makes by a leader is deciding who to hire. Manager manages the recruitment and selection process. Selection for the best candidates for the job is very important in an organization because the performance always depends on employees, the recruiting and hiring is costly and the legal obligations like mismanaging hiring has legal consequence. The main aim of employee selection is to achieve person-job fit which is identifying the knowledge, skills, abilities (KSAs), and competencies that are central to performing the job. The objective of effective selection is to decide who the right people are, by matching individual characteristics (ability, experience, and training) with the requirements of the job (DeRue & Morgeson, 2007; Kristof -Brown, Zimmermam, & Johnson, 2005). The manager will do checking for reliability and validity of the interviewer. In PPNJ Poultry & Meat Sdn Bhd, the people who manage the recruitment and selection process is the Human Resource department or staffs.
Since going public in 2000, Krispy Kreme Doughnuts has posted strong growth in same-store sales each quarter, with a consistency that would make most competitors envious. According to the Krispy Kreme’s most recent quarter, which ended August 3, 2003, it posted an 11.3 percents rise in system wide same-store sales, including 15.6 percents growth at company operated units (Peters, 2003). From the financial report of second quarter in 2003, it could foretell there would be more earnings growth in the future as long as Krispy Kreme finds more new markets in which to launch doughnut shops. Its average weekly sales are in large determined by newly opened stores. This also demonstrates that the doughnuts specialist’s soaring results and rise to the top echelon of industry performers can be attributed to successful expansion.
According to our textbook Human Resource Management (HRM) is the policies, practices, and systems that influence employees’ behavior, attitudes, and performance. “The human resources management process involves planning for, attracting, developing, and retaining employees as the HRM planning provides the rights kinds of people, in the right quantity, with the right skills, at the right time (Lussier, 2012, p. 240).” According to our textbook the typical responsibilities of the Human Resources department fall into three categories, and they are administrative services and transaction, which handle hiring employees. The second involves business partner services that focus on attracting, evolving, retaining employees by having a clear understanding
In 1950, William Rosenberg founded Dunkin ' Donuts. By 1954, Mr. Rosenberg had opened a total of five Dunkin ' Donuts shops, and had been featured as a young entrepreneur in national publications such as The Saturday Evening Post and Coronet magazine. In 1955, the first franchise agreement was signed and executed in Worcester, Massachusetts. In 1960, Mr. Rosenberg founded The International
Therefore, human resource professions plan in a way by understanding the requirement needed to handle task of a particular department. Therefore, giving job description is essential where essential skills and requirement that a candidate need to have must be given. Besides, person specifications are also important to know the experience and qualities within a person (Wright et al. 2014). After recruiting the candidates they are screened and selected to come up in next level where interview will be conducted among the selected candidates. In addition, training is an important element that groom up the candidates according to the roles and responsibilities they will be conducting as an organisation
Any two or more persons, associated for carrying on a lawful business with a motive to earn profit, may subscribe their names to an incorporation document and fill the same with the Registrar to form a LLP. The LLP shall be a body corporate and a legal entity separate from its partners.. The LLP will have perpetual succession.