The type of business, purpose and ownership of two contrasting business Essay Example

located), China, and India.

The business sector.

Yum! Brands Inc. primarily operates in the tertiary sector, providing commercial services like transportation, marketing, and insurance to promote their own products and others. Their emphasis lies in this sector rather than the primary one, where suppliers supply ingredients for their products. This approach enables them to cater to consumers' needs while also generating profits.

Our mission statement

“We are focusing on four key business strategies to build a vibrant global business: build leading brands in China in every significant category, drive aggressive international expansion and build strong brands everywhere, dramatically improve U.S brand positions, consistency, and returns, and drive industry-leading, long-term shareholders & franchisee value.”
In addition, our mission statement reflects our pride in the unique culture we have created. It is a culture filled with energy, opportunity, and fun. We have trust in our people and their positive intentions. We encourage ideas from everyone and have actively developed a diverse workforce with various styles and backgrounds. At Yum!, anyone can make a difference.”

The type of ownership

Yum! Brands Inc. is a Plc., meaning its shares are traded on the stock exchange, enabling trading and capital raising. This ownership type allows for quick capital generation but may result in loss of control during a takeover if large quantities of shares are bought. Listing shares on the stock exchange incurs expenses for Yum! Brands Inc. Moreover, they must disclose financial information through published reports, including to competitors.

The main stakeholder

A stakeholder is someone who is affected by a business's activities. Yum! Brands Inc. has several important stakeholders.

Consumers want the company to offer high-quality products that match their values and provide good value for their money. Employees rely on the company for their jobs, security, opportunities to grow, fair wages, and take pride in being part of the company. Suppliers strive for consistent orders, timely payments, and to be valued instead of being seen as a last resort.

Employment

Yum! Brands Inc. has a workforce of 300,725 individuals as of 2013. They employ a diverse and skilled staff to oversee various departments such as sales, purchasing, competitor analysis, manufacturing, marketing, finance, operations, human resources, and administration. These departments collaborate and support each other in order to achieve the mission statement of Yum! Brands Inc. Similarly, I will replicate this approach for Fish to Go Leigh on Sea.

Fish to Go Fish to Go is a local English fast food takeaway located in Leigh on Sea, Essex. It focuses primarily on Pizza, Chips, and fish food. Unlike larger businesses, Fish to Go does not have franchises or partnerships; instead, it operates as a sole trader business owned by Mr Mehmet Hussein. While Mr Mehmet Hussein has the option to establish partnerships with family members, he has chosen not to do so due to potential conflicts and disagreements that can arise in such arrangements. Each of the four takeaways owned by Mr Mehmet Hussein employs fifteen individuals. This relatively small number of employees reflects the business's small size and its status as a family-owned operation.

Fish to Go is a Private Limited company (Ltd), which ensures that if the business fails, only the invested money will be lost and personal

assets like home or car will not be at risk. Fish to Go operates exclusively in Leigh on Sea and has not expanded beyond four other takeaways. Mr Mehmet Hussein, as the sole trader, receives all profits from this non-government owned and operated business.

To establish a Private Limited company, the necessary requirements include the Memorandum and Articles of Association. Once these are in place, the company can issue a certificate of incorporation and begin trading as a Ltd. Fish to Go is currently owned by Mr Mehmet as a sole trader. The advantages of this ownership type include having full control over the business and greater flexibility in working hours. Additionally, setting up a Private Limited company is relatively easier and involves fewer legal obligations. Fish to Go operates as a local business, offering quality goods and services to the surrounding consumers. It falls under the tertiary sector of the business industry and procures food items from local suppliers. The mission statement of Fish to Go is focused on providing healthy meals for the public.