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Assignment 6
 

Assignment 6

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    Assignment 6 Assignment 6 Document Transcript

    • Dennis Chavunduka – Mr Edwards – Assignment 6 Dennis Chavunduka Assignment 6 Unit 1 - Exploring Business Purpose Mr Edwards Oxford School January 2009, Oxford School Page 1
    • Dennis Chavunduka – Mr Edwards – Assignment 6 This mind map shows the typical business aims: To provide goods and service To make a profit To survive as a business or expand. Maximise sales or improve quality. Provide charitable or voluntary BUSINESS AIMS services. Provide a highly competitive service. Be environmentally friendly. Businesses set aims because it’s a good way to achieve targets and to reach goals by giving the business direction. Businesses reach their aims by communicating with the staff. Businesses need to have aims to gain profit therefore making them grow. Business set aims to motivate the staff therefore making them grow in their job. Businesses set aims to motivate the staff therefore making them more focused because they know what their doing. Businesses set aims to improve on their weak points, evaluate their problems and what is preventing the business from growing so they can progress against other businesses (competition). Businesses have different aims for example Fred’s discount store will have different aims to TESCO because Fred’s are a local sole trader to TESCO and they are fighting to survive but TESCO don’t have to worry about survival. January 2009, Oxford School Page 2
    • Dennis Chavunduka – Mr Edwards – Assignment 6 Objectives: Objectives are steps which help to achieve an aim. Businesses set these because it makes it easier to get their. As the business achieve every objective it motivates them, improving communication between the workers and customers. Objectives are planned making it more specific, therefore everyone knows what their doing to develop the business. To use objectives you need to plan them and agree. The best objectives are SMART S – Specific M- Measurable A- Agreed R- Realistic T- Time-constrained Example of SMART objective S – Save £130 for a holiday M - £5 per week A – Friends informed R – Leaves £20 for spends T – Do for 6 months A business that might use objectives is Coca-Cola because they are a large business and SMART helps them measure the objective, the time scale and how realistic it is. Mission statements: Mission statements are short paragraphs that describe the businesses aims, purpose, and culture. Businesses use mission statements, so they can know their vision to achieve goals and agreements. The aims and objectives are mentioned in the mission statements. In addition, businesses have different mission statements according to how the large the business is. For example, Fred’s might have a mission statement but we won’t know January 2009, Oxford School Page 3
    • Dennis Chavunduka – Mr Edwards – Assignment 6 because they are a small business without a website. Unlike Coca-cola who are a bigger business with a website where you can see their aims, objectives and mission statements. Other reasons they set mission statement is so they know what they have to achieve to improve the business. Compare and Contrasting Thorpe Park and Oxfam: Ownership: Similarities Differences They are both in the tertiary sector. Oxfam is a non-profit business Both provide service. Thorpe Park have one location and Oxfam have a lot more Both started in England. Oxfam employees are volunteers, Thorpe Park employ Both private sectors. Thorpe Park is owned by shareholders. Oxfam are not they own themselves. Both have to get money to survive. Oxfam have more employees. Thorpe Park has less. Both large businesses because they Thorpe Park is not open all year round. have more than 250 employees. Oxfam are always open. Both have shops. Thorpe Park provides enjoyment and pleasure. Oxfam provide the basic e.g. water, food and shelter. Both have mission statements. January 2009, Oxford School Page 4
    • Dennis Chavunduka – Mr Edwards – Assignment 6 Aims: Similarities Differences Both relieve distress Oxfam work with others to find lasting solutions to poverty and suffering. Thorpe Park work by themselves to become better than other theme parks and to bring thrill and enjoyment. Both want to bring happiness to people Oxfam aid poorer countries. Thorpe Park doesn’t. Both want to become the biggest business Thorpe Park wants to make profit. Oxfam at what they do don’t they just want to help the poor. Oxfam campaign for a fairer world. Thorpe Park advertise their rides to attract more customers. Oxfam want to educate people about the nature, causes and effects of poverty. Thorpe Park aim to make customers happy so that they can tell more people to come to Thorpe Park. Mission statements: Similarities Differences Thorpe Park is LTD company. It is dedicated Oxfam International is an international group of to become the number one theme park in independent non-governmental organizations the world. Thorpe Park is part of the Merlin dedicated to fighting poverty and related injustice Entertainment Group. They are there to around the world. The Oxfam’s work together provide thrill and excitement to people internationally to achieve greater impact by their mostly people in their twenties and collective efforts. teenagers. January 2009, Oxford School Page 5
    • Dennis Chavunduka – Mr Edwards – Assignment 6 January 2009, Oxford School Page 6