Types of Production

Flow method- is a method of production organisation where the task is worked on continuously or where the process of material is continuous and progressive. As work on a task at a particular stage is complete, it must be passed directly to the next for processing without waiting for the remaining tasks in the batch. In order for the flow to be smooth the times that each task requires on each stage must be of equal length and there should be no movement off the flow production line. The advantages of this method is that batch queing is eliminating, speeding up the process as a whole. Is very useful in getting a product that is in high demand back out to shops in high supply feeding the consumers needs The disadvantages of the method is that it requires considerable planning in ensuring that correct production materials are delivered on time, and if all parts of the production are working efficiently and operating at an equal flow. If one operation is unequal to the others than the whole product will be made poorly and damage the suppliers reputation.

Types of Production

Batch Method- Work for any task is dived into parts. Each part is completed through the whole batch before the next part is performed. Aiming to achieve specialsation and high equipment utilisation, is most commonly used method for organising manufacture. The advantages of the batch method is that capital expenditure can be kept lower requiring planning to ensure that production equipment is not idle, and it helps to achieve specialsation of labour. The disadvantages of this method is that there is a high probability of poor work flow if batches are not of optimal size. Can often result in the build up of significant work in progress or stocks.   

Types of Production

Job production- the complete task is handled by a single worker or group of workers. Jobs are split up in two groups, low technology and high technology. The advantages of using this type of production is that jobs that are in low technology group can be easily organised with the required skills and equipment easily obtainable. The disadvantages of using this is that no project manager is required causing vital decisions to be made at a slow rate. The advantages of using high technology is that good project management is required for success as it will help to make decision making  faster and decisive. the disadvantages of using high technology is that it involves much greater complexity  and therefore presents greater management challenge. 

Prt 2 of Market Analysis explanation using Porter's five forces

Explanation of Market Analysis using Porter's five forces

Applying market analysis with Ansoff's Matrix

Market Analysis can be applied to Ansoff's Matrix as the four different stages that its based around all have to be analysed in different ways. Market Penetration will be mostly based around market research which would analysis the market and see if their was a gap in the market for a new product innovation that a firm had and would look into their competitors and gain knowledge on the market they were going into.
Market development would involve a market analysis to gain information of how to further increase a firms market share by researching ways that competitors have increased their market share, taking into the account limitations that may occur due to amount of money available for the firm and sources available.
New product development will involve analysing the demands of the consumer and bringing out new products that will be compatible with products already bought out, to help enhance the consumers experience with their product.
Diversification will use the analysis that was used for market penetration, but use mainly primary research to know what areas of the market consumers would want the company to enter, find out the competition in a new market a firm is thinking of entering and use Porter's five forces to assess and show the competitions and difficulty of the market the firm is entering.

Secondary Research

Is information that has been already collected and gathered from either within the firm that has already been collected or information outside the firm using the internet or collecting the data from other firms. This research is often refered to as desk research.
The advantages of using secondary research is that it is cheap, quick and easy to gather and can cover a wide area of different business sectors.
The disadvantages of using secondary data is that is isn't 100% reliable as firms may have tampered with the information adding false information to it or taken away vital information that is needed. It doesn't inform the firm of how consumers are going to react to their ideas and if they like them and doesn't help give the firm an idea of where to best position their shop  if it is going to be retail.

Primary Research

Is new information that has been collected first, which usually refered to as called field research. The data could be collected by the firm itself or by a specialist research company.
The advantages of primary research is that it is reliable as it's been collected first hand, it helps to promote customer loyalty and see customer reactions in relations to the products the firm is offering, it can be cheap if done by yourself and no other company or firm will have the information making it exclusive to only your firm.
The disadvantages of primary data is that it is time consumer if done by yourself and can be expensive if it is done through a specialist corperation

1min40 to 2min30 is related to the conservatives aims to help improve and stabilize businesses

Market Analysis Research

There are two types of market research, Primary and Secondary research which both have its advantages and disadvantages which companies use to help set up their business through information gathered about their competitors and wants and needs of the consumer and where to best place your business for view of the public

9mins onward- Talks about Britain's recent creations to help improve growth for the future

The inequality discussed through the 50p tax

8 mins - Begins to talk about how Britain needs to increase amount of products it makes and hat we need to do in order to compete with Asia

Current State of the British Economy

The third-quarter GDP figures released on the1st November showed an unexpected 0.5% economic growth which shows an annualised rate of 2%, which is the the fastest quarterly rate for more than a year, giving hope to future recovery of the country, helping to raise morale and confidence for the public.
British banks are exposed to Europe's troubled spots as they have loaned a total amount of £220 billion to Ireland, Spain, Italy, Portugal and Greece, whose sovereign debts are under question by bond markets.
Last year the British economy suffered a sharp contraction in it's final quarter of 2010 GDP, which was blamed on the severe weather conditions. Previously the economy had seen a conductive growth in it's GDP which had given positive feed back and encourage to the country. Factors that also contribute to the negative growth that occurred last year were due to the rise in energy bills, which made many households hold back on spending . The other factor was the decline in British exports that were being experienced, which was reducing the amount of income, coming into Britain.
Overall the positive growth of the third quarter of 2011 shows a positive impact on the growth of the economy in comparison to last years values which gave a pessimistic outlook on Britain's growth.