Researching Industry :: essays research papers fc

ContentsPage NumberContents2Introduction3Procedure4Market Survey7How the Survey is conducted9The Survey9The Results9Survey Conclusions10Final Summary12Appendices13Bibliography14IntroductionThe purpose of this report is to research a local ward in the Southend-On-Sea area and investigate the enterprisingness possibilities for a downcast or medium sized business.I intend to prove by statistical analysis, sampling from a target population, and by calculated judgments that a bad-tempered business will or will not be successful in the chosen area. I intend to compare an area with regional and home(a) averages to determine the backgrounds of local residents. By exploring the statistical data available for a given ward, I will be able to make sound decisions establish on this reliable information. The data collected will tell me the amount of employed and unemployed residents in the area. What type of work the employed residents do and an judgement into the financial status of the po pulace.Once I have an idea as to who lives in this area, I will be able to choose what business enterprise maybe successful in that area. Then I will analyze economic trends over the past year to see if the business I am proposing is stable. I will then survey the local population to obtain opinions of the enterprise. After completing this research I will then analyze the data collected and draw provable statistical analysis to the feasibility of the business proposition.ProcedureThe Victoria Ward of Southend-On-Sea Essex, has a below national average of working(a) people. The Census of Population (2001) displayed results stating that 71.6% of all people are in employment. However the Victoria Ward of Southend &8211On- Sea, only displayed 66.3% of people working. The census also lay downed that whilst Southend in world(a) has unemployment base similar to the national average of 5.8%, Victoria Ward had a much higher ratio of unemployed people. In fact this figure was say to be 9. 3%.Victoria(numbers)Victoria(%)Southend-on-Sea UA(%)GB(%)All peopleEconomically restless4,07773.177.176.0In employment3,69666.372.571.6Employees3,28558.962.562.6Self employed4117.410.09.0Unemployed3819.36.05.8MalesEconomically active2,28179.883.881.4In employment2,03871.378.076.0Employees1,70159.562.663.1Self employed33711.815.512.9Unemployed24310.76.96.5FemalesEconomically active1,79666.170.170.3Employment1,65861.066.866.9Employees1,58458.362.462.1Self employed742.74.34.8Unemployed1387.74.84.8Further investigation into these figures show that only 31.5% of the residents are employed in professional or managerial positions. Once again according to the Census of Population (2001), the national figure for this area of employment is 40%. The same census shows that Southend in general has 40.3% of its employed people working in these positions. Victoria(numbers)Victoria(%)Southend-on-Sea UA(%)GB(%)1 Managers and elderly officials39310.616.014.92 Professional2647.19.911.23 Associate p rofessional & technical50913.814.413.9A further indication as to the employment placements of the residents in this area is that 13.9% are in &8216Elementary Occupations (EO)&8217 compared to11.