Businesses

In: Business and Management

Submitted By huixxx
Words 2923
Pages 12
Background Data Colgate Palmolive Company once is a minor candle and soap processor but the company have grown to a powerful consumer products on earth due the aggressive acquisition of other firm. A tiny manufacturing facility and retail shop in making and selling starch, soap and candle has been launched by William Colgate, a 23 years old English who has migrated to America in the year of 1806. Francis Smith has joined William Colgate in his business in the following year and the little facility was renamed as Smith and Colgate. Colgate has the product line of toothpaste and it has cut down the cost by experimenting starch as low cost filler in his hand soap in 1820 and sooner and later it has become the largest starch manufacturer in the country. At first Colgate-Palmolive company introduced perfumes and essences in 1866 and then later in 1873 toothpaste was being introduced to the market. The formation of Colgate-Palmolive is completed in 1928. In 1930s, Colgate-Palmolive Company has purchased several French and German soap makers where they are enable to make their first expansion into Europe and later on into Asian during the 1950s. Colgate Total Toothpaste is being introduced in 1997 and has become the market leader in the US as soon as it has been introduced. Among all the other oral care products only Colgate Total has the specialty of 12 hours protection that solves a number of Oral Health problems. Colgate spent $841 million to privately own the European’s oral care company, GABA in 2004. Colgate has focused on four types of core businesses such as Oral Care, Personal Care, Home Care and Pet Nutrition today. Now Colgate does business to 222 countries and territories worldwide. Colgate also has ranked as the India’s No 1 most trusted brand across the categories for four consecutive years from 2003 to 2007. Colgate has been positioned in the…...

Similar Documents

Understanding the Organisational Purposes of Businesses

...provide learners with an understanding of different organisations, the influence of stakeholders and the relationship between businesses and the local, national and global environment. Date Set: 13/09/2011 Deadline: 29/09/2011 Learning Outcomes: LO1: understand the organisational purposes of businesses LO2: understand the nature of the national environment in which businesses operate Activities: • Purposes of organisations (1.1, 1.2, 1.3) • Nature of the national environment businesses operate in (2.1, 2.2, 2.3) Specific Assessment Guidance: • Read all questions carefully. • Use appropriate business terminology when answering questions. • Make sure sentences have correct grammar. • All work to be produced on Word processing software in an academic format. • Only use credible sources to support your work • Internet articles, books, appropriate magazines and newspapers can be used as sources of information • Harvard referencing or an appropriate referencing system must be used REMEMBER TO SIGN, DATE AND ATTACH THIS FRONT COVER TO YOUR WORK Grading method: Pass, Merit, Distinction Student Name: I confirm that the submitted work is entirely my own. Signed: Date: BUSINESS CONSULTANCY: AJ CLOTHING As part of your job you have been asked to provide a briefing on information that will help a Clothing company develop its business in the UK WITH OTHER BUSINESSES IN THE European markets. This information will be used by the Board Members in a meeting where they will look at the......

Words: 1187 - Pages: 5

Forms of Businesses

...Proprietorship businesses: doctor’s office, account services (tax season), photographer and mobile food truck vendors. Partnership/Limited Liability Partnership (LLP) Two or more people go into business together, with a mutual understanding of sharing the profits. Somewhat like the sole proprietorship entity, with two classifications: Limited Liability Partnership and General Partnership. In the General Partnership, everyone that are partners share in the profit losses and gains, the partnership debts are unlimited, meaning the debt is either split 50/50 or if one partner cannot pay their debt, the other partner pays the debt (if he or she has the money to pay). With the LLP, you have the owner(s)/limited partners that own the business and do not partake in the day to day operation and you have the general partners that run the business operation. General partnership has to have a written agreement to make it a partnership agreement, and this is a legal requirement. Businesses that benefit from this are professional services such as big law firms. Limited Liability Company This is a business entity that structured by whatever state that the owner resides in or where the business has started in, normally the owner does not have to be in the state of where the LLC is located just as long as it has an agent that resides in that state. The owners are called members, and some states do not restrict the ownership in which corporations, foreign businesses or......

Words: 936 - Pages: 4

Retail Businesses

...at the end of their financial year. *. Stock brokerage Stock brokerage business is a profitable business.Like every other money making venture. It has itsown challenges. This is because the market is notstagnant, prices of stocks move upward and downward. In Nigeria, stock brokerage business has not been fully exploited. This is because we are only dealing on equities and not on derivatives. Once you have made up your mind, you don’t need an office; just look for a reputablestock broking firm to work with. The more clients you can convince to invest their money in the stock market, the more money you’ll make. *. Make money as a registered independent petroleum marketer with NNPC This is the foremost and mother of all the other oil businesses because it provides you with an expansive area to play in this business. For instance, as registered petroleum marketer with NNPC, you can access the following opportunities: *. Own Depots *. Own filling stations *. Import/Export petroleum products However, to become a registered independent Petroleum marketer with NNPC, the starting pointis the Department of Petroleum Resources (DPR), the regulatory arm of the petroleum Industry andfind out their requirement and what area you want to engage in, either as a depot owner or filling station owner. And once you are able to meet the requirement, you will be given a licensefor storage and sales. *. Set up a micro finance bank The micro finance, regulatory and supervisory framework......

Words: 3778 - Pages: 16

Small Businesses

...money for a business that has not shown ability to succeed. If you were thinking of going into a business you might decide to ask someone to join you as a partner. In this way you and your partner can share the risk of starting up in a business and share the profits. You can also share the time spent in the business. This can sometimes ease the burden of working long hours. Advantages: • The owner has complete freedom to set up the business the way they want it. • The owner can determine the pace of the growth and change. • There is no goodwill to pay for. Disadvantages: • Setting up a new business involves high risk and uncertainty. • It takes time to train and hire staff, find a customer base and start making money! Existing Businesses: It may be better to buy an existing business that has been established for some time. All the...

Words: 287 - Pages: 2

How to Market with Businesses

... How To Market Facebook With Businesses Harry Pruitt Benedictine University Author Note Harry Pruitt, Student in Business, Benedictine University. Abstract We normally judge a book by its cover, so visuals can be very important. Online marketing through Facebook is no different. Most of our influences are through social media and more people are turning to social media to gain more business for their companies. Facebook has been successful in helping with business marketing, spending as little or as much as you want or need to. Facebook is the social platform for web based businesses near and far. Even though Facebook has its different problems, marketing within Facebook has been very successful thus far .Using different strategies and building creative profiles makes for a better business outcome. Bigger dreams become bigger goals, by staying on the right path you accomplish you objective and achieve your marketing goals as a business owner. How To Market Facebook With Businesses Facebook is an online social networking service. Facebook was founded in February 2004, by Mark Zuckerberg and some of his friends at Harvard University. The website was first used for Harvard University students only, but then it gradually excelled to various universities, high schools, and even 13 year old children. Before entering Facebook, the user must register and create a personal profile. The use of this social network is to add other users as friends, exchange messages, and receive......

Words: 2954 - Pages: 12

Should Businesses Move to the Cloud?

...1. What business benefits do cloud computing services provide? What problems do they solve? Cloud computing pools computing resources in a virtual environment to provide businesses with efficient storage and computing services (i.e., server time, processing power, network storage, networking, software, etc.), easy connectivity and accessibility across divergent platforms, flexibility, elasticity of computing resources, scalability, reliability, and redundancy—all on a “pay-for-service” model that can significantly reduce costs. Businesses that use cloud infrastructure as a service can save money on hardware and software purchases because they do not have to build an IT infrastructure. They can save time and money by not having to hire an IT professional to manage, install, configure, and maintain a private IT infrastructure. Businesses with limited facilities can also save space by not having to physically house equipment on site. Software and software licenses can be costly, and installing and keeping the software up-to-date can be time consuming; businesses could save both time and money by using cloud software as a service. 2. What are the disadvantages of cloud computing? The same disadvantages that exist for a private IT infrastructure still exist in the cloud. For example, there could be security risks and infrastructure malfunctions that result in loss of data, system availability and functionality. In addition, there may be hidden costs and lack......

Words: 650 - Pages: 3

Globilization of Businesses

...Table of Contents Section A. 2 Executive Summary 2 1. What are the capabilities of the XO laptop (especially the latest version, XO-4)? How well-suited is this machine for developing countries? 2 2. How the XO laptop narrows the global digital divide and the potential impact of this machine compared to that of cell phones in developing countries? 4 Section B 5 1. Major factors driving internationalization of businesses. 5 2. Alternative strategies for developing global business 6 3. Using information systems to support different global business strategies. 7 4. Challenges posed by global information systems and management solutions. 8 5. What are the issues and technical alternatives to be considered when developing international information systems? 10 References. 13 Section A. Executive Summary This document aims to explain the system design and hardware blueprint of the XO-4 laptop. While the capabilities of the XO-4 are similar to a regular laptop, it was designed for elementary school children. The primary goal of the hardware design is low-power operation, and for extensive use in developing countries or rural areas where access to classrooms are not always available. 1. What are the capabilities of the XO laptop (especially the latest version, XO-4)? How well-suited is this machine for developing countries? According to wiki.laptop, (2013) the XO-4 are different to other laptops as all components except the keyboard and......

Words: 4474 - Pages: 18

Types of Businesses

...enough customers to whom its output can be sold on a consistent basis in order to make a profit. The purpose of business? The purpose of a business is to offer value (through products and/or services) to customers, who pay for the value with cash or equivalents. The aim of businesses is to make profit and to grow. There are 3 business sectors in the UK, these are Private, Public and Voluntary sectors. Types of businesses in UK? The private sector has different categories which are sole traders, partnerships, companies and franchises. A sole trader is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business. Being a sole trader is considered the simplest way to run a business as it does not involve paying any registration fees. You must register as self-employed, keeping records and accounts is straightforward, and you get to keep all the profits. The difference is that you are personally liable for any debts that your business runs up, which can make this a risky option for businesses that need a lot of investment. Examples of sole traders are plumbers, electricians etc. These can even be small web based businesses or home based business. Sources of Advantages *The firms are usually small, and easy to set up. *Generally, only a small amount of capital needs to be invested, which reduces the initial start-up cost. *The wage bill will usually be low, because there a few or......

Words: 1348 - Pages: 6

Businesses Throughout History

...Businesses have always been a very important part of life in America, they may range from a small “mom and pop” store to a large corporation. They are important in provides goods and services that are used by the general public as well as providing jobs or means of income to the public. While many businesses have gone bankrupt, business in America has changed considerably throughout history, businesses have grown or expanded, because of advancements in technology, there are now robots that can do the job that people used to do, and also many new businesses have been formed due to the constant changes in the needs and wants of the public Businesses in America are always growing or changing because the public's needs or wants are always changing. From 1865-1876, the U.S. focused on abolishing slavery, destroying the Confederacy, and reconstructing the nation, this period of time was known as the "Reconstruction." "The enormous cost of the Confederate war effort took a high toll on the South's economic infrastructure. The direct costs to the Confederacy in human capital, government expenditures, and physical destruction from the war totaled 3.3 billion dollars. By 1865, the Confederate dollar was worthless due to massive inflation, and people in the South had to resort to bartering services for goods, or else use scarce Union dollars. With the emancipation of the southern slaves, the entire economy of the South had to be rebuilt."......

Words: 446 - Pages: 2

Businesses for Sale

...ordinary. Most often than not, starting small with minimal capital is not an issue. Successful innovators like Bill Gates and Steve Jobs can attest to this fact. They started small, but with both creativity and willingness to standout above the rest, they have now built their own multibillionaire empires. This does not mean, however, that small microenterprises do not have the chance to hit the financial jackpot. If you want to start your own business, the fear of not knowing where to start is a given. But why worry when you can continue a business someone has already started? Here are a few businesses for sale where you can put your bet on. Keep reading, and discover which business lines are perfect for you. Food Industry If there is a business that would never go out of commerce, then food would have to be the answer. The food industry is one of the easiest entry-level businesses. You don’t need to be a five-star chef with culinary arts degree to become successful. By buying an existing food business, you can get tips and advices from the current owner, and you are already right on track. Because they have pertinent experience on the field you’re entering, you can be assured to get the right supervision from them. Another suggestion may be to add more product lines from the existing business. If the business you are buying, for example, sells hamburgers, then you can move on by adding promotional and unique types of burgers that your customers would surely enjoy.......

Words: 751 - Pages: 4

Types of Businesses

...a1 PART A SOLE PROPRIETORSHIP A sole proprietor operations are often called mom and pop businesses. They are usually run by a single person, the owner, or run by a very small staff. • Liability: The owner is liable for all debts accrued by the business. This means creditors are entitled to recoup and debts through business and personal assets. • Income taxes: A sole proprietor files their business taxes along with their personal taxes. Typically when filing taxes the form that is files is the 1040. The owner would just need to file a Schedule C form along with their 1040. • Longevity or continuity of the organization: In the event that the owner dies normally the business dies also. Unless the owner has a qualified heir to pass the business to it will cease to exist. 2 • Control: As stated above, typically sole proprietorships are completely autonomous. The owner has total control over day to day operations. He also has to final word on all decisions associated with the business. • Profit retention: The owner keeps 100% profits gained. • Expansion / Location: To expand or relocate business the owner only needs to make sure they obtain any licensing or permits required by local or state law. Also, if operating in a name other than their own, they must make sure the business name is legally available for use. GENERAL PARTNERSHIP A general partnership is where there are two or more that own a business with equal powers. To establish a......

Words: 1588 - Pages: 7

International Businesses

...Case Study on IB of Apple Inc. Introduction Apple Inc. is one of the world’s most successful multinational corporations engaged in researching, designing and producing electronic technology devices and solutions. The sensational success and tremendous profit of Apple Inc. are created through globalizing its businesses. According to Corteau and Milan (2011), globalization usually involves a series of interrelated activities such as internationalization of finance and trades. The company has realized significant globalization through extension in the global market. In the first half year of 2013, Apple’s revenue amounted to $98.115 billion. Only less than 35% of this revenue was generated in the US market. The global market was the source of over 65% of Apple’s revenue. This article intends to explain Apple’s globalization through analyzing one of Apple’s key creations: iPod. Special attention is given to the jobs and profits around the world generated by iPod, disparity in income and employment, and employee composition. Analysis of impacts of globalization on Apple Inc. since Jobs’ return Apple Inc. has undergone the golden time for business development and globalization from 2007 to 2011 under the leadership of Steve Jobs. The company was then on the verge of bankruptcy in 2007 when Steve Jobs returned to Apple. In order to save the company from bankruptcy, Steve Jobs took a series of restructuring and rebooting measures with a focus on innovation and......

Words: 2569 - Pages: 11

Family Businesses

...(http://www.oecd.org/daf/ca/corporategovernanceprinciples/43654301.pdf) Research quantifies the value of good governance in family businesses. In a study by Professor Panikkos Poutziouris of the Cyprus Institute of Management of 42 companies on the London Stock Exchange, listed family firms outperformed their listed non-family rivals by 40 percent from 1999 to 2005. But the study also shows that the outperformance of the Family Business63 Index only applies when the interests of shareholders and management are aligned. Credit Suisse64 research also showed that family-owned companies perform better: over the long term, such firms tend to achieve superior returns and higher profitability than companies with a fragmented shareholder structure. Credit Suisse analysts compared the stock performance of European companies with a significant family influence to firms with a broad shareholder base. The study incovered several factors that contribute to the success of familyowned firms: ff Longer-term strategic focus of the controlling shareholders and management, instead of operational focus on trying to surpass quarterly results in Better alignment of management The main challenge in family business governance relates to the existence of an additional layer of relationship that the owning/controlling family brings to the business.‑ For shareholders this complexity includes understanding the various interconnections among the owning/controlling family members. These......

Words: 1320 - Pages: 6

Comparing Two Similar Businesses

...Comparing Two Similar Businesses Terry Tillery BUS 302 Strayer University Professor David Fish CERTIFICATION OF AUTHORSHIP: I Terry N. Tillery certify that I am the author of this paper and that any assistance received in its presentation is acknowledged and disclosed in the paper (at the end). I have also cited any sources from which I used data, ideas, or words, either quoted directly or paraphrased. Correspondence concerning this paper should be addressed to Terry N. Tillery, Strayer University, South Charlotte campus, Charlotte, NC. After the Civil War, black Americans encountered a new world of opportunities. After years of enslavement, or at least the perpetual threat of enslavement if they had already freed, African Americans confronted a new question: what does it mean to be free? What does one do after the bonds of slavery have been broken (pg. 275). African Americans in the South demonstrated their freedom in numerous ways, large and small. Many bought dogs, some purchased firearms, and several held mass meetings without white supervision, all actions that were often denied them under slavery. While ex-slaves explored a life based on the free-labor vision, members of the defeated Confederacy sought to maintain as much of the old order as possible. To this end, they worked to prevent ex-slaves from acquiring economic autonomy or political rights. (pg. 276), this is how the diversity issues began between the North and the South, because the growing......

Words: 908 - Pages: 4

Two Businesses

...Assignment 1: Comparing Two Similar Businesses Bus302: Management Concepts Border Books and Amazon.com both started out selling books. So, why is Amazon.com one of the largest retailers in the world and Borders Books is out of business? There are many things that go into making a business a success. It is not enough to have a product to sell and a location to sell that product. In order to understand the difference between Amazon.com and Borders Books, it is important to look at the history and core business of each company, the management approach each company took to Internet marketing and sales, the reasons for Amazon’s success despite not turning a profit for the first five to six years, the reasons Borders Books, although they were initially successful ended up in bankruptcy, the extent to which the management of each company adapted to changing market conditions, and ways a company should build flexibility to back up its decision making process so to adapt to changing market conditions. In order to understand the difference between Amazon.com and Border Books, it is important to understand the history and core business of each company. Looking at Amazon.com first, Amazon.com opened for business on July, 16 1995. “The company was nothing more than a few people packing and shipping boxes of books from a two-car garage” (Webley, 2010). The company was using a desk made out of an old door to pack the books. When Amazon.com first started......

Words: 2070 - Pages: 9