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Toys Case Study

944 Words4 Pages

Task 1
1.1 Assess core business functions of MyToys (Pvt.) Ltd. making assumptions where it is necessary. (LO 1.1)
Name of the company – My Toys (PVT) Ltd.
In Sri Lanka the business entities could be mainly categorized into two groups namely Privately owned and Government Owned. Private owned businesses can be further categorized as Private companies, public companies, Guaranteed companies, partnerships and sole proprietorships. Company given in the scenario My Toys (PVT) Ltd. Is a private company duly incorporated under the companies Act No 7 of 2007 of Sri Lanka having its registered office in Colombo, commenced its operations in 2015.
The main Sales office too is situated in Colombo with branches in Bambalapitiya, Nugegoda and Dehiwala …show more content…

Vision Statement of the Company.
To be the foremost Toy selling company in supplying high quality products for children of all ages.
Mission Statement of the Company.
My Toys (PVT)Ltd. Is committed to build a long term relationship based on trust, quality, satisfaction and needs of children. To meet the varying needs of the customer with a range of products that would delight the children with enjoyment and educational benefits.
Functional areas of Business
Functions of a Business entity or an organization can be categorized into two parts namely, Internal and External Functions as illustrated below: Functional areas relevant to My Toys (Pvt) Ltd where departments created for execution are as follows:
• Procurement of finished goods (toys).
• Distribution.
• Financing.
• Pricing.
• Market Research.
• Selling.
• …show more content…

External stakeholders are the individuals and legal persons who are involved in the business indirectly. “Business Stakeholders: Internal and External.”
Internal stakeholders of MyToys ( Pvt) Ltd
The Board of Directors – the Board of directors is considered to be the highest level of the organizational structure. They take final policy and operational decisions and are responsible for the final outcome of the business.
Mangers – managers are considered to be the individuals who are involved in the overall planning of operations that take place within the company on the directions given by the board of directors.
Employees – these are the people who work under an employer, the entire staff of the organization, fall under this category. The sales people are responsible for sales that take place in this particular organization My Toys (Pvt Ltd) is ably supported by other divisions like Finance, Distribution, procurement, HR and Administration, etc

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