Business Ownership and Purpose
This business is a public sector organization and is owned by the government on behalf of the public. Their purpose is to provide a service of treating sick people and keeping people well. It employs 7500 staff and it works through 9 sites. It provides services to around 300 000 local people and for the year ending March 2008, income received was 414.7 million and it had a surplus of 12.8 million.
The main purpose of this business is to make a profit by selling fast food products and services. It has 25 000 outlets in 80 different countries, in a number of locations that other franchisors wouldn’t consider such as; hospitals, military bases, colleges and universities. This is good for their business because they will be getting more profit because they don’t have as many competitors. -Subway also aims to increase the number of outlets it has in the UK & Ireland to over 2010 by 2010. There royalty fees are set at 8%, this is a set amount of money that a franchise owner must pay to be part of a franchise system and it is paid weekly, monthly or quarterly. The fees cover the privilege of using the franchise’s brand and the money is typically used to help the franchisor. They also pay advertising fees of 4.5%.
The main purpose of this business is to make a profit, and at the year ended March 2006, approached ï¿½10 million. They also have around 224000 employees and about 90 plants worldwide across six different continents. The company’s core affiliated automotive brands include Ford, Lincoln, Mercury, Volvo and Mazda.As a good global company it’s important for Ford Ltd to have a good set of standards by which they can judge themselves. They call them; ‘our vision’, ‘our mission’ and ‘our values’. ‘Our vision’: to become the worlds leading company for automotive products and services. ‘Our mission’: we are globally diverse family, with a proud heritage, that passionately committed to providing outstanding products and services. ‘Our values’: we do the right thing for our people, our environment and our society, but above all for our customers.