Monday, 29 June 2015

Unit 9 P1, P2
The promotional mix is a set of tools that a business can use to communicate effectively, a benefit of its products or services to its customers. In our group we used sales promotion, public relations, advertising and direct marketing.

For advertising, we used posters and leaflets. As a group, we decided to use posters as one of our promotional materials to promote our event. The reason we used posters is because it’s easy for us to place the posters around the neighbourhood. We also used leaflets which was easy to make, and they were free which helped us save money. Also, leaflets are a high impact form of advertising because we were directly giving the leaflets to our target market.

For sales promotion we used this presentation show below to persuade students and staff to come to our event.

 
For public relations we used social networking. As a group we chose Facebook because it is the top social media platform nowadays and there are numerous advantages associated with it. Not only can people use it personally for connecting with friends and family, but it has also turned out to be a handy tool for promoting and advertising a business.



For direct marketing, we used free sampling which immediately increased the awareness of our brand 'sweet tooth' and also our product by allowing our target market to spread our brand with others in their friendship group.

The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market.The marketing mix allowed us to analyse information about our potential customers.



 

Product-
Before coming up with a service as a group we held meetings with agendas, where we analysed what our customers want, and what type of potential customers they will gain with the service we will come up with.

Price-
When pricing the services, we had to consider are local threats such the shops outside the college, because if are prices were higher than theirs this will make are potential customers go to our competitors. We held a meeting and half of our group members, Mary, Na'Rae and Alban went  around the college and to local shops to compare pricing with ours

Promotion-
As a group we decided to promote our service through posters, Facebook, leaflets and presentations as these are all free. Instead, we spent this money on ingredients for our milkshakes allowing our Sweet Tooth's menu to expand. We also wanted to consider how much money we spend on promotion, which we had meetings to discuss.

Place-
After holding meetings and seeing potential customers at the farm and at college, we decided to hold our event at the college as this was more suitable because our target group were students.

In this part of the assignment I am going to explain the role of promotion within the marketing mix for McDonald's. I chose this business because they are similar to ours allowing us to develop how we can use the marketing mix to help our service grow by having a good plan.

Product-
Before coming up with a product McDonald's had to analyse what customers wanted, and what potential customers they would gain with the new product they came up with. McDonald's produced a Big Mac by developing a cheese burger which was one of their existing products.When McDonald’s introduced the Big Mac they had to consider the size of the product and the features inside it, ensuring it will appeal to as many customers as possible

Price-
When McDonald's came up with the price for the Big Mac they had to consider a lot of things. Firstly, the customers own mental picture of what the product was worth. This had to be considered because if the customers thought the product quality was not worth the price at which McDonald's had valued it, it would have meant the product would not have sold enough to gain enough profit. What McDonald's had to do was analyse their sales and set a range of prices which would be beneficial for them and also a reasonable price for the customers. McDonald's also had to think about the price not being too low because it would make the customer feel like the low price was indicative of compromised quality. Furthermore, McDonald's had to research their competitors’ prices because if they were lower than theirs it would mean they will lose customers. 
Promotion-
McDonald's promotes their products by advertising it on TV, radio, cinema, online, using poster sites and in the press (newspapers and magazines). McDonald's can also use promotion methods such as vouchers given to the public and sale display. They also have to consider how much money they spend on the techniques they are using to promote the product. They should not spend a lot of money on promotion because if the product does not sell enough then the money they used on promotion will be wasted.
Place-
McDonald's will consider selling the product in some branches to see the success of the product, if the product is successful then they can think about making their product worldwide.

Unit 9 P3-
In this assignment I am going explain the role of advertising agencies in the development of a successful promotional campaign. An advertising agency is a service business dedicated to creating, planning and handling advertising for clients. Advertising is used to communicate and persuade an audience (viewer, reader or listeners). Advertising agencies play a big role in creating and developing adverts for many different organisations.

Media Buying is a sub function of advertising management. An advertising agent will be expected to negotiate as they will need to discuss pricing to ensure that the best possible value is secured. It is like media real-estate within any given media. They also identify the target audience for a particular media campaign and decide on the best way to communicate to that audience.
The agency will create and organise visual artwork to be used to advertise products and services of any organisation. Advertising agencies partner up with graphic designers to make the advert more efficient.  They combine copyright, graphic design and typography.

Lastly, all the little pieces have been created get put together by the advertising production team. The production department, in essence, ensures the TV commercial or print ad, etc., gets produced. Once the ad is sold to the client, the creative account team will collaborate with production to set out a secure budget. This can be anything from getting original photography or illustration produced, working with printers, hiring typographers and TV directors, and a myriad of other disciplines needed to get an ad campaign published. Producers are involved in all aspects when creating an advert from creative briefing to execution and how it will be delivered to their target audience.

Unit 9 P4-
In this assignment I am going to explain the reasons behind the choice of media in a successful promotional campaign. Promotional campaigns are a series of advertisements using various marketing tools that share the same message and ideas to promote a business or event to a target audience. The typical campaign uses different media resources including internet, newspapers, television, radio, and print advertising.

There are many different types of media that businesses use such as:



·         Local


·         Regional


·         National


·         International


Local

Local organisations are small business like: car washes, hair dressers, window cleaners and restaurants. Small business will use media types like local newspapers, billboards, local radio, leaflets. When advertising locally, there is a high chance that is will be much cheaper than any other type of media. But unfortunately it may not reach a wide range of people.

Regional

Regional media covers a larger geographic area. Regional organisations are businesses that are located within a county, cities and states. When an organisation is only based in one county it makes it harder for them to expand as their target market is much smaller. However, it is easier for them as they get a much more loyal customer base. A business like farm foods is a regional organisation.

National

National organisations are for national businesses like: Boots, Superdrug’s, Iceland’s, H&M etc. National businesses use similar media types to local businesses but on a larger scale, so when they are advertising they use thing like bus adverts, television, social network, magazines, radio etc. but directed to people in the same region as the organisation. Advantages of this are they are advertising to the most necessary target audience, but once they consider expanding it will be much harder as they have never been seen.

International

An international organisation is a business that is operated worldwide. Such as; McDonalds, Footlocker, Topshop and Barclays. International business use media on a much wider scale such as international magazines such as Vogue, social network sites, television etc. But the organisation would be directed to people globally. The Advantages of international media is that it allows the business to be more popular which could increase the potential customers or product wanting your service and decrease completion in their market. Another advantage is that it allows the organisation to grow because your product or service is being advertised globally which could mean an increase in sales and profit. However the organisation could face problems by running an international organisation such as different countries have different laws and regulations on media. Such as the UK which only allows an average of 7 minutes per hour on commercial channels.

In conclusion all media types use different media types to support their campaign to success.


   

P5-
 Unit 9 M1-
In this part of the assignment I will be talking about Coca-Cola and explaining how promotion is integrated with the rest of marketing mix to achieve its marketing aims and objectives.

Coca cola history began in 1886 with Dr.John S. Pemberton, he created a distinctive tasting soft drink that could be sold at soda fountains. Their history has helped to create a global brand that provides billions of moments of refreshments today. The first marketing offers in coca cola were done through coupons promoting free samples. In the 1970s coca-cola advertising started to reflect a brand connected with fun, friends and good time and they still continue to advertise this way.
The aim and objective for Coca-Cola is to be global and to be known as a business that conducts business responsibility and ethically and to accelerate sustainable growth to operate. They also want to provide the best product they can to the public and create customer satisfaction.

There are four promotional elements that Coca-Cola use that helps them to achieve their aims and objectives, this is through advertising, branding, sales promotional and sponsorship.

Advertising is the activity of producing advertisements for commercial products or services.
Coca-Cola advertise their products in different ways which are though TV ads and these adverts have appeared on television screens around the globe in many different and often memorable forms. Coca- cola also uses online advertising to make you feel like you want their products, online advertising means that coca-cola has greater control over who sees their ads and allows them to build brand image and create awareness.

Branding is the process involved in creating a unique name and image for a product in the consumers mind mainly done through advertising campaigns. Coca cola have a "one brand" strategy, with their new brand they are putting four distinct brands under coca-cola including; Diet coke, Coca-Cola Zero and Coca-Cola Life. This will play an important part in their goal to achieve more than 50% of Coca-Cola sales from lower or no calorie colas in Great Britain. Advertising will now start to show their full range of colas to represent their brand.

Sponsorship means the financial support received from a sponsor or the position of being a sponsor.
Coca-Cola is proud to have a long history of sponsoring major events, organisations and projects all over the world. Coca cola maintains the longest relationship with the Olympic movement. This helps their brand to get recognised globally. 

Sales promotion is an activity that is implemented to boost the sales of a product or service temporarily. Coca -cola uses sales promotion for example they hold competitions for people for example they launched football promotion to celebrate 2015 FIFA world cup, this gives winners the chance to win up to one million limited edition coca cola footballs, through this promotion coca-cola hopes to inspire people to get to know their brand and gain awareness.

http://www.worldofcoca-cola.com/about-us/coca-cola-history/
http://smallbusiness.chron.com/cocacola-use-technology-gain-advantage-27339.html
http://www.coca-cola.co.uk/stories/health/choice-and-information/coca-cola-one-brand-marketing-strategy/  
http://www.coca-colacompany.com/history/coca-cola-sponsorships  
http://www.coca-cola.co.uk/newsroom/press-releases/win-a-ball/ 

Unit 9 M2-
In this part of the assignment I am going to explain the advantages and disadvantages of using professional agencies in ensuring promotional success.

An advertising agency creates, plans and manages all aspects of a clients advertising. Ad agencies can specialise in specific areas such as interactive advertising, or they can be full service that creates advertising materials like brochures, catalogues, radio and TV commercials.

The advantages of using an external firm to advertise for your company is that advertising agencies have extensive skills and experiences, which means they will have the previous skill and knowledge to produce something that is effective, they can specialise in certain fields whether that's for creating promotional campaigns for a specific product type, specific target group or media. Some agencies even employ specialist staff to cover nice promotion activities. The disadvantages of using an external firm is that it is more likely to cost more than an internal agency, they also may not understand the firms vision which could lead to an advert not giving the right message this would affect the company as they would have wasted a lot of money.

The advantage of creating an advert at home is that that you will not need to spend as much money as you will be using your own resources and you will know your own vision which will make it easier when creating the advert. The disadvantage is that the person making the advert may lack the skills and experience which may lead to the advert being less effective compared to if it was made externally.
Overall I think businesses should use professional advertising agencies as it will save the firm time and they also have the skills and knowledge to make a good advert.

There are two types of agencies that provide different service to their clients, full service and limited service. Full service is an agency that handles all aspects of the advertising process, including planning, design, production and placement..
Limited service is an agency that has a limited amount of service they offer. These agencies generally supply one or two basic services, their main interest is too create publicity.

http://www.learnmarketing.net/Advertising_Agencies_Advantages_and_Disadvantages.htm
http://www.learnmarketing.net/advertisingagencies.html

Unit 9 M3-

This is the pitch that involves all of our promotional materials and elements of the marketing mix













 https://prezi.com/hn6028zgh4nz/promotional-materials-we-used/

Unit 9 D1-
In this part of the assignment I am going to justify the use of an appropriate promotional mix in relation to marketing objectives for Coca Cola. I will be talking about 3 promotional mix which are sponsorship, sales promotion and advertising

Some of the advantages of  sponsorship are;
-Brand enhancement, partnering up with another event or organisation that has a strong reputation can enhance a company's reputation simply by association
-Awareness raising, the company's brand name will gain visibility ad could be included in media coverage
Some of the disadvantages of sponsorships are:
-Sponsorship clutter, an overload of sponsors normally at high profile events such as Olympics, can tun of the target audience and ensue that no one sponsor stands out.
-lack of control, many of the variables ( e.g. weather, media coverage and attendance) are uncontrollable

Coca cola has a long history of sponsoring major events and projects around the world. One of the biggest ones is sponsoring the Olympic games. The benefits that Coca-Cola have with sponsoring the Olympic games is that it allows them to gain unique marketing opportunities for some of the most largest sporting events in the world. Coca cola also benefit from the world cup sponsorship and they are receiving the greatest benefits from it, it found that Coca-Cola, the beverage maker, posted the biggest overall "share of consumers' minds" in each of these markets with regard to spontaneous recognition of their affiliation with the tournament.
A disadvantage that Coca-Cola have with sponsoring is that they may get negative press which will reflect badly onto their business. for example some of the public want there to be a ban on Coca-Cola from sponsoring major sporting events as they now want to a positive health legacy for the Olympics.

some of the advantages of advertising are;
-TV reaches a much larger audience than local newspapers and radio stations, and it does so during a short period of time
-It gives an opportunity to be creative and attach a personality to your business
some of the disadvantages are;
-It could be difficult to effectively target your audience with television advertising
-It can be difficult to make changes, it would me updating your script and reshooting your advert

The benefits that Coca-Cola have with advertising is that their brand will be known globally and they will be fulfilling their aim of wanting to be known across the globe. Coca-Cola can also help to entice people with their creative adverts, such as their Christmas special advert which will stand out to the public.
The disadvantage Coca-Cola could have with advertising Is that they may face problems trying to advertise their brand as most people think that Coca-Cola is unhealthy and bad for you so they may be wasting money on ads that people aren't even watching.

Some of the advantages of sales promotion is;
-It is effective at achieving a quick boost to sales
-It can draw attention to a particular product or service being offered
some of the disadvantages are;
- sales effect may only be short term
-Customers may expect further promotions

Coca-Cola’s “Share a Coke” campaign was effective. Coke banked on the idea that people find personalization downright irresistible. After fighting a shaky start, through integrated marketing techniques, the Coke brand successfully infiltrated social media, retail spaces, and outdoor marketing with its personalize packaging.  Thanks to the campaign, the company saw a 2.5% increase in total sales and soft-drink volume went up by 0.4%. The numbers show that people love to see their names on branded products
Some of the disadvantages they may face is that people may get bored of the "share a coke" campaign which means that sales may start to drop, then Coca-Cola may have to start thinking about how they can further this promotion which may be time consuming

Coca-Cola can improve by trying to use a different type of promotion, they could try to do radio hosting as this is a much cheaper type of promotion.


http://www.straightmarketing.co.uk/2013/03/sponsorship-pros-cons/ 
http://www.coca-colahellenic.com/aboutus/customers 

http://www.warc.com/LatestNews/News/Coke,_Adidas_benefit_from_World_Cup_sponsorship.news?ID=26767
http://www.bbc.co.uk/news/health-18708790

Unit 9 D2
In this part of the assignment i am going to evaluate an existing, national marketing campaign. I will be talking about a fashion shop online called boohoo

Boohoo is a growing international retailers and has evolved into a global fashion leader of its generation. Boohoo is a lifestyle driven, online destination for young, fashion conscious women and men, offering customers access to the latest, on-trend fashions across a range of boohoo branded, value orientated products, sold through inspirational imagery. Founded in 2006, boohoo.com has grown rapidly; developing a brand identity and an international online proposition

Their products are wanted by a lot of people .They have 2.3 million customers, with approximately 140,000 new customers registering on the website per month. Their target market are for 16-24 year old consumers in the UK including men and women with limited finances. This shows that they service is used a lot as they have over 1000 customers registering per month

Boohoo recently launched a new marketing campaign entitled "We are us" the message is to encourage everyone to become stylists of their own, sharing tips and ideas with fellow shoppers across the social media in order to connect with new and existing customers. Advertising across social media website, they have managed in a very competitive online fashion marketing, the brand has only become more widely recognised due to its aggressive and expensive approach of advertising
https://www.youtube.com/watch?v=QbjUyUzhRcY - These are one of their campaigns


http://www.umusicpub.co.uk/en-GB/FilmAndTv/2015/Mar/Years-and-Years-WeAreUs-campaign.aspx
http://www.drapersonline.com/news/boohoo-launches-new-marketing-campaign/5072574.article
http://www.boohooplc.com/about-us/company-overview.aspx
http://www.verdictretail.com/boohoo-coms-aggressive-marketing-tactics-pay-off/

Unit 18, P1, P2

In this assignment I am going to identify and explain the roles of an event organiser.  Event organisers are responsible of planning events and making sure that they run as smooth as possible. Organisers divide their time between working in an office, visiting venues and meeting clients. This may result in lengthy periods away from home. Salaries range from around £14,000 to £60,000 or more at senior levels.
Event organisers would need to have had some sort of management experience like: event, hotel, catering, leisure, tourism, business and marketing management.  Candidates that are looking to go into such a job need to have:

·         excellent organisational skills and attention to detail;

·      project management experience;

·         time-management skills and the ability to work under pressure;

·         problem-solving skills and diplomacy;

·         strong communication, teamwork and negotiation skills;

·         sales and/or marketing skills;

·         the ability to manage budgets;

·         a flexible and adaptable approach

An event organiser needs to be able to multi-task as they are in charge of the entire event and also the people involved in making sure the event goes well.  They should also have problem solving skills so that they are able to conquer any issues that may arise before it has a negative impact on the event. Lastly, they should be able to cope under pressure and tight deadlines.

Unit 18 P3,4,5

Business Plan

                 
 
 
Sweet Tooth
221 Gray’s Inn Rd
London
08700609800
 
07718059021
Sweettooth@outlook.com
www.Sweettooth.co.uk

Contents

                                                                                                                  Page

1. Summary........................................................................................................................................ 4

2. Business overview................................................................................................................... 5

Introduction                                                                                                 
Competitive advantage

4. Marketing........................................................................................................................................ 6

SWOT and critical success factors
Market research

5. Team and management structure.................................................................................... 7

Skills, experience, training and retention
Advisors
Management systems

6. Financial budgets and forecasts....................................................................................... 8

Profit and loss forecast
Cash flow forecast
Break-even analysis
Summary

Sweet tooth, is an business which sells cupcakes and milkshakes, the business includes six team members Ali, Mohamed ,Na'Rae, Benedict, Mary and Alban. As a team we have a clear vision statement for our company. In 5 years time we want to make Sweet tooth a European brand which will have branches across Europe countries which will supply the public with the best milkshakes and best designed and made cupcakes. 

 
Our mission statement is for everybody to be aware of our brand this can be through sponsors at main sport events such as the world cup, so that they know what Sweet tooth is and know that the service they sell is better than all the other similar organisations.
 
We value trust, we want everybody to trust us and believe in our organisation and no matter what, we will  keep improving and developing our brand even if theirs setbacks.
 
The industry are organisation is in, is a industry where a lot of the organisation that are in it are doing well, such as milky town which is one of our competitors. Having a good target group (students) we have all ways done well selling, reason is students will always spread your brand through friendships and will spend during school days for a refreshing drink.
 
We believe we differentiate in the market reason being is we value are brand, what we do is we make sure we bring the new customers back in are branches by using McDonalds technique which is the monopoly game, we use the game called tooth game, if you milkshake has a plastic tooth in your cup when you have finished then you can get a free milkshake.
 
The marketing mix is simple we will use a lot of social networking sites to help deliver are message across to the potential customers and try obtain feedback which will help improve our brand. The way we will get in front of competitors and keep staying on top is by the amount of sales.
 
Business overview

 
Introduction

The idea  sweet tooth has come up with is a holding an event at the Westminster Kingsway College, selling milkshakes and cupcakes to other the students and staff at the college. We decided to sell milkshakes because it’s a refreshing drink and we believed that it will be a hit with the students at the college which were are one of our target groups. We also decided to also sell cupcakes with different topics as we believed it will go well together with the milkshakes and the target group will also be interested into buying the cupcakes after having a milkshake. The location was key, we knew that Westminster Kingsway College has over 1000 students, which already gave us a potentially 1000 customers that could buy our Milkshakes and Cupcakes. The college also did not provide their students with the service we had in plan which was a gap in the market which made it easy for us to fit in and acknowledge that the college was the best place because it also had are target group which were the students.

 
The sector we are operating is consumer discretionary because we are going to sell services such as Cupcakes and Milkshakes. Where are business sits in the lifestyle is the mature industry, reason for this is that it’s a business we will take slowing and if we see any opportunities to expand than we will if we don’t then we will carry on being a mature simple business which holds small events.
 
The objectives and goals for are company were set up when we started the idea. The goal was to help the farm ‘spitalfield’ in investing into new stuff for the farm so that the farm draws more attention. We wanted to make at least 300 pounds when holding the event so that  with that money the farm could have bought new plants and a new birds house for there birds. As a group we gave ourselves a target of 2 months to come up with all the market research and hold the event so that we could buy the plants and birds house before the summers holidays so that the visitors that come in the summer could see the new plants and bird house.

Competitive advantages

 When looking at are competitors at the college they gave us a big advantage  because they did not sell Milkshakes, one competitor did sell Cupcakes but they were expensive compare to us, this then helped us identify are market niche. We knew as a student ourselves we wouldn’t want to spend more than 1 pound on a milkshake which gave us an indication of how much we should price the milkshake and then we considered  the type of people were coming to the college, as student our budgets are tight which also gave us an indication on how much we have to price our services.

Marketing

 SWOT and critical success factors

 

Strengths
We used social  networking sites to help expand our brand and service awareness .
We also  asked are potential customers which were students about their views on our idea and how the thought.
Weakness
Not having enough time  made us rush through are market research   which did lead to having unneeded information rather than obtaining needed information
Team leader did not divide the responsibilities equally which resulted in having  team members confused and not giving a efficient input which leads to a bad output.
Opportunities
Looking at the opportunities  we could have analysed the other venue we had the chance to hold are venue which was at the farm.
 
if we  had time and more members in our group then we should have looked into holding the event at  the college and the farm which would have helped us earn more money.
Threats
The threats which accoutred was that a lot of groups done the similar market research which meant they had the same information  which led to some groups stealing are ideas.
Also a lot of competition at the college which meant a lot of the groups were taking are ideas.

 
Market research
 
When it came to are target market we decided to do look at  stats of ages of the venue where are event was being held. When we decided that the college will be the place were we were going to hold are event we had a clearer idea of the target target we were aiming at. Are target were staff and students between 16-24, we thought staff will be intreseted and invest in are service to support are event, the students age 16-24 are most keen on buying are services.
 
The first type of market research I conducted for Sweet tooth is primary research. Using this research would allow Sweet tooth to find out if the public would be interested in buying the product, this could be done by using questionnaires which is an efficient way of getting quick responses and with these results Sweet tooth will be able to identify their customers needs and adjust their product to suit their customers.
Another type of research is secondary research. This research is useful for sweet tooth to carry out as it allows them to compare their similar products that other competitors are selling, this would give them an insight on who their competing with and also how well the product sells in the market. using this type of research can also allow sweet tooth to differentiate their product from their competitors, as they will found out important information such as, price, target market and the design of the product. They could conduct market research through using internet, newspapers and articles.
The last type of market research is qualitative and quantitative research. qualitative research will provide sweet tooth with an in-depth understanding of the opinions from the public, they can conduct this research by gathering surveys. Quantitative research is useful for Sweet tooth as it allows them to get statistical data; this could be on old company's reports, for example sweet tooth can research old or existing company’s reports and get an insight on the amount of sales that could be potentially made when selling deserts.
 
If  our budget was higher as a group we would have invested more money on the primary research, to find more specific information based on are target customers.
 
Promotion plan
 
The way we will promote our event is by using posters and leaflets. As a team we are plan is to use the posters as one of are ways to promote the event because we believed that it will be easy for us to place the posters around the college and around the college neighbourhood. We will also use leaflets because they are easy to make and also free because they will be designed by us which will help us save money which we can then put into improving the event by adding another service on the menu. Also we think leaflet will be a good promotion technique because it will be direct marketing to are potential customers because we will be giving out the leaflets.
 
We will also hold an presentation show, to  the students and staff at the college which will indicate what we are going to do, how much money is it going to cost us and the location of are event which will help persuade the students and staff into attending are event, because we will promote the event whilst presenting the event.
 
The way we plan to build a strong relationship with the public is by giving out free sampling when giving out free samples, it will immediately increase the awareness of our brand "sweet tooth' and also our product. As a team we planned to give free samples to our TARGET MARKET and let them spread our brand with others in their friendship group.


Team and management structure
 Skills, experience, and training
 
To function successfully in a small group, our group needed  to be able to communicate clearly on intellectual and emotional levels which is key skill which is learned from past experiences. Effective communicators:

·         can explain their own ideas
·         express their feelings in an open but non-threatening way
·         listen carefully to others
·         ask questions to clarify others’ ideas and emotions

As a group we wanted are team members to feel safe and confident when working in a group with us. What we required the employees to feel when they were in are group is below.
 
Openness: Group members are willing to get to know one another, particularly those with different interests and backgrounds. They are open to new ideas, diverse viewpoints, and the variety of individuals present within the group. They listen to others and elicit their ideas. They know how to balance the need for cohesion within a group with the need for individual expression.
 
Trust and self-disclosure: Group members trust one another enough to share their own ideas and feelings. A sense of mutual trust develops only to the extent that everyone is willing to self-disclose and be honest yet respectful. Trust also grows as group members demonstrate personal accountability for the tasks they have been assigned.
 
Support: Group members demonstrate support for one another as they accomplish their goals. They exemplify a sense of team loyalty and both cheer on the group as a whole and help members who are experiencing difficulties. They view one another not as competitors (which is common within a typically individualistic educational system) but as collaborators.
 
Respect: Group members communicate their opinions in a way that respects others, focusing on “What can we learn?” rather than “Who is to blame?” See constructive feedback in the process section for more details.
 
Management and Legal requirements
 
When holding the event we had to obtain an risk assessment from the college, which stated out if we were allowed to hold the event or not. we also used products which were food which was under the risk assessment.
 
We also had to contact the college to book a place for the event to be held which considered a teacher to be their for health and safety reason because we would use blenders which contained sharp tools which could be misused and cause harm.

Financial budgets and forecasts
 Attach the following financial documents to the business plan, together with brief notes explaining them:-
 
Profit and loss forecast
Cash flow forecast
Break-even analysis

Unit 18 P6
In this assignment I will produce guidelines for dealing with problems.


 1)      What happens if someone arrives at the event and does not have money to buy the products but wants one?

 

As a team we will try avoid problems and not cause a scene because we will then lose customers. What we will do is ask the person to leave are stall and if he doesn’t then we will take matters further by asking one of the staff at the college to remove him from are event area.

2)      What happens if the event needs to be rearranged due to an unforeseen circumstance e.g. snow day / school is closed etc.?

 

If this was to occur then we will have to act quickly because it’s a high chance we will be losing potential customers, so what we will do is announce the change of the location on are social networking sites. We also change the posters location address so that people can see the new address.

3)      What happens people do not buy on the day and you have only half the turn
out?

We will still be happy with the half of turn out because a lot of are materials are from home meaning we did not spend a lot of money. We can still use the money to help meet are goals which were helping spitalfield farm buy new plants.

4)      What happens if you require last minute money change? E.g. if you someone gives us 50 pounds and we don’t have that money to refund them.

What we will do to prevent this is each team member will bring 20 pounds each so that if we need change then we can have enough money to give their change. If not we can ask for change at our competitors such as costa, which will have change to give to us as they are part of the college.
 5)      What happens if a student has paid for milkshake and cupcake but it falls on the floor?

If the accident was caused by one of our team members then we will give the person a refund of the product they have bought for free. If its not our fault then the person will not get a refund from us and will have to buy a new one if they still want to, reason being is we have a small budget and we want as much products to be sold.

6)      What happens if the resources you require e.g. tables / chairs are not set up on the day and you do not have access to more?

What we will do is ask for a free classroom to be given to us to hold our event, if there isn’t any classrooms then we will ask the health and safety and the business department if we are allowed to bring a table from home and set up in the college so we can still hold our eve
Unit 18 P8
I am going to review the success of the business event by answering questions in detail.
·         How successful was your event?

Over the entire event was held successfully as we provided the service we promised which was to provide good quality milkshakes and cupcakes. the running of the event went smoothly.
  •   Did you achieve your goals/targets?
All out goals and targets was met in the event, our targets was to make sure we kept on time, which happened as it finished when we said it would. The goals was to make sure the event ran smoothly and to provide a good service.
 
  • Did you set enough targets?
In my opinion we could have set more targets as this could have motivated us and made the event more professional and . We could have had higher targets to meet instead of normal standard targets of holding an event.

  • Were your goals SMART?
Overall are goals was SMART as they was specific to the event and we was able to achieve these goals for the events.  we was able to meet these targets that we set ourselves.

  •   Did you involve other stakeholders – e.g. Charities?
we did not involve any stakeholders. In the future I would try to get a sponsorship

  • Were your goals too easy so that the team wasn’t sufficiently challenged?
The group was not challenged enough within the event, it would have been more challenging if we was able to improve our goals and set higher and shorter deadlines , this would of push the group even more and we would of learnt how important it is to meet  deadlines.

  • What evidence do you have of the event’s success or even happening?
We also have poster, questionnaires and advertisements

  • Do you have feedback from relevant parties? Have you analysed this?
We do not have feedback from relevant parties; this would have been a good idea to know how we could have improved the event and show how it would have helped us in the future.

  • How well (and maybe ‘much’ although they are different concepts) did you contribute to support functions, administrative duties?
I would think I contributed quite a lot in both the support functions and administrative duties. I was able to know everyone's roles and what everyone need to do each day, I knew when and where everything was taking place. I also knew how the event was going to be set up and the running of the presentation. Overall I think I contributed well, as I did not just help myself but I also helped others in my team

  • Was there effective leadership and management?
There was an effective management and leadership as they knew everything and was able to appoint us when necessary. They also delegated tasks effectively

  • Was there a logical schedule that everyone was aware of?
Yes there was a schedule that everyone was aware of and it was even printed and given to everyone.

  •  How well did each department perform – e.g. Marketing, finance, HR?
Marketing- They performed well as they were able to advertise the event well and get questionnaires out  
Finance- They did okay but could have managed their money a bit better and understood the cost involved with doing certain activities. they should have also took their time when deciding on the price of our products.
HR- They performed well as any complaints was dealt with effectively and the hiring of security was good.
Product design- They were able to come up with an effective design which helped the process of the event easy and was able to sell it more effectively.

  • Was the venue suitable?
The venue was suitable of the event to take place as it was spacious however a better location within the college would have been better as because we were in a classroom we were quiet hidden so some people did not know the event was happening or could not find it. 
  • Was there sufficient technical support?
There was a lot of technical support and they were able to help effectively and made sure the running of technology used was smooth.

  • Did everyone contribute (important if one of the goals related to teamwork)?
Everyone did contribute some more than others, even if they did one task they was still able to do something which was able to help others not do.

  • Could your event have been better? If so, how and why?
The event could have been better, it could have been held in the canteen which is where more people go to in the college, this  would have attracted more people to come to the event.

  •     How effective was the process – i.e. everything leading up to the event – as against the end product?
The leading up to the event was a rush, the deadlines needed to be met and no one had done the task that they needed to do. People had to take over other peoples tasks and do them as they wasn’t able to do it themselves, the process worked out in the end as the event was a successful but could have been easier if everyone did the tasks they were delegated

  • Did you adhere to organisational and legal (including health and safety) requirements?
Yes we did. 
 
  •    Did you have a contingency (back-up) plan?
We did have a backup plan if all else failed.
 
  •      Was the event staffed adequately?
The event was staffed adequately as there was plenty of staff at the event.

  • Was there follow-up (including letters of thanks, cleaning) with participants?
There was no letters of thanks, which there should have been, there was cleaning staff after the event to clean up.

Unit 18 M1In this assignment I will be talking about the importance of meeting organisation and legal requirement when planning a business event. I will be describing al the organisations legal requirements that are meant to follow when doing an event. I will also link the legal requirements to my business and explain how important they were.

The first legal requirement my team had to be aware was the health and safety risks when holding an event, which could lead to accidents if we the health and safety legal requirements were not followed. As a group we didn’t want any problems at our event so what we did was carry out a risk assessment and a risk control to help us identify any possible risk that can occur during the event. The risk assessment was really helpful because it helped my group analysed the potential hazards which we then took on board and fixed them. The risk control helped us look at the things we can do to prevent hazards/risk from happening.

Food hygiene was an important requirement to follow for our group because the event we were holding included was selling food. The rules set to us were simple and we followed. The rules stated expiry day and us that we had to make sure the food had and was made that day and had to be fresh and made with clean hands. The milkshake were put in refrigerates so that it did not lose it taste and spoil through the day. As a group if we didn’t follow these requirement’s then it could have caused customers to be sick due to are lack of care.

It was important for us to keep a track of our customers and guest we had at our event. The customers and guest had to show us private information such as their full name, id number and home address so that we knew they were from the college. As a group we had to consider the data protection so we made sure no one was able to see their information.

It is import to follow all requirements of the law because if someone is put in danger than we can get persecuted for not following the requirements of the law. As a group it was important that we followed these rules/requirements. The following requirements we had to follow were: legal drinking age, equality act 2010, and fire safety. To add, as part of the equality cat 2010, my team and I had to make sure that there were wheelchair accessibilities, eg- ramps and elevators, subtitles on all presentations for people with hearing difficulties.

Unit 18 M2/ D1
In this assignment I will be analysing the arrangements made by an organiser to plan a business event and evaluate the management of a business event making recommendations for future improvements. I will explain some of the arrangements my team and I made for our business event and describe how we could have improved in the planning of our arrangements.

Is it very important to assess the kind of equipment you might need for the type of event you are putting on. One of our first arrangements was the equipment we would need for the event. This included a good sized area to place our event, two tables; one as a work station to make the milkshakes and the other to display the cupcakes we were selling. Our college had more than enough tables for us to use and they allowed us to borrow their tables for our event. Everything ran smoothly in terms of arranging equipment this was also down to the fact that we had our own blenders and ingredients so we did not have to ask the college to use their appliances.

Another arrangement that is made for a business event is food and beverages. We needed to be certain that we had food and drinks that suit everybody’s needs so that your guests are satisfied and nobody has any allergic reactions.  We made sure that in our questionnaire we asked people what ingredients they would like their milkshake to be made with, so at the event most of the milkshakes suited everyone dietary requirements, we also avoided using nuts in our milkshakes as we knew this is a most common allergy. However we did not put labels on the cupcakes to show what each of them were made with which could have led to someone eating something they were allergic to, in the future I would label each item we are selling so that we would not be held responsible for making someone severely ill.
Security is another main arrangement that needs to be present at an event. Security can control who comes in and out of the premises and they make sure that a bad situation is solved as quickly and calmly as possible to guarantee everyone’s safety. At our event, we did have two security guards that were at the entrance of the building the whole time. However, it would have been better to have security at the doors where are actual event was being, as they would have been able to access and respond to a situation faster if there was a problem.

Lastly, one other key arrangement that needs to be run through is health and safety. All hazards and need to be analysed and taken care of  so the chances of someone getting hurt or sick was low. My team and I had run through all health and safety hazards before the event went on so, there were no problems, this included making sure our event was accessible for people with disabilities and making sure that all electrical appliances we were using were away from our customers. Our security guards were trained first aiders so in case there were any medical issues that needed to be dealt with they were there to help. On the down side, what we failed to realise was that we forgot to put labels on our cupcakes which could have resulted in someone having an allergic reaction.
In conclusion, I have analysed the main arrangements that are to be made by an organiser for a business event. I have done this by explaining some of the arrangements my team and I made for our business event and describe how we could have improved in the planning of our arrangements.
 
Unit 18 M3/D2
In this assignment I am going to evaluate how a business event can inform future planning. I will do this by identify different methods of evaluation and how they contribute to identifying problems and providing solutions for future events. I will also evaluate feedback from delegates participating in the event
The meaning of evaluation is the making of a judgement about the amount, number, or value of something; assessment. It is the sum up of the event that has already happened. The purpose of evaluation is to be able to make sure that everyone knows what went well within the event and things that could be improved. It can also reflect on each individuals work and participation and how they can become better next time.

There are different types of evaluations that can be used within an organisation. This can be meetings, which is where a team will agree to meet and analyse objectives that was made and what can be improved for next time. Another evaluation can be questionnaires; this is a useful tool for collecting data quickly and gathering feedback. These must be prepared in advance so that you can get an immediate response. Observation can be an evaluation as participants can observe and take note by watching people’s reaction to the events and asking them questions face to face. Also statistics from quantitative information and help understand how good the event was by comparing them to previous data.
The benefits of setting targets are providing direction for an event.  This helps guide you and your employees in the process of an event. Motivating employees can also be used. If you're looking to increase sales, you can implement an incentive program where your sales people will receive an award. Goals can help reduce stress. Without goals to guide you, you may develop a tendency to jump from one project to another instead of focusing on the most important needs of your business. As a result, you may come to realize that your overall production is suffering and you'll be wondering what you're actually accomplishing.

Throughout the whole of the event the delegation to different people could have been better as it turned out some people were putting in more effort than others. The important tasks were left to the same people who were always reliable and present at all the meetings. Overall the event was successful  in the way that we were able to provide good quality milkshakes and cupcakes like we said we would however we did not sell as much milkshakes as we wanted to which lead to us not making a profit. Our success was down to hard work in the making of the milkshakes. When evaluating each person’s roles, only some people finished their tasks and was 100% committed to the task they were supposed to do, but I think if everyone in the group gave 100% we would have been more successful.
There was only a few including myself that put more effort into the group. I had the job of focusing on marketing but I found myself doing other task to help other members of my team if they weren’t doing it. The reason why advertising took so long was because people were being lazy and where not think of the bad effects advertising late would have on our business. I felt frustrated as if we did not advertise our business no one would have known about our event  

The sales person of our team, put in a good effort when it came to selling our product as they had a lot of confidence to sale our milkshakes. The lack of confidence showed when we were presenting and delivering our pitch this may have been because they were in a pressured situation or they may have had some doubts or felt defeated about our idea

In conclusion I have evaluated how a business event can inform future planning I also evaluate feedback from delegates participating in the event. I have stated the different types of evaluations and gave written evaluation to the event.