• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Comparing Examples of Business Ownership and Objectives.

Extracts from this document...


Unit 41 P1/P2/P3/M1 P1/P2/M1 There are three categories of organisations and these are the public sector, private sector and the voluntary sector. The public sector includes organisations such as the NHS, Police force and all publicly funded education facilities. The public sector is owned by the government and its aims and objectives are different to the private sector as they are not aiming to make a profit, this is for the reason that whatever money they make gets put into a different project in order for their services to run effectively as well as efficiently. The way in which this is funded is via taxes of which wage earners from the local area pay. Its other aims and objectives are to provide customer satisfaction as well as efficient services. The private sector includes businesses such as Tesco, easyJet, Walkers and Banks. The private sector is the reverse of the public sector for the reasons that their aim and work is driven by making a profit. They then use this profit to expand their business which would then further increase their profits. To make this profit they depend on customers to buy their products and services and for this reason there is large competition within this sector. Businesses such as Tesco and Sainsbury?s are constantly lowering their prices and increasing their customer satisfaction in order for them to increase their customer sales ratio. Although some banks are owned by shareholders and the government, they are still under the private sector as their aim is still to maximise their profits. Because there is constant competition within this sector, not all businesses are making a profit and so their aims are to keep current customers and survive through the difficult times rather than making risky decisions to make a profit. The voluntary sector includes businesses such as NSPCC, Oxfam and BHF. This sector also seeks to make a profit although for different reasons to that of the private sector. ...read more.


objective is by putting forward their work and records to organisations for them to persuade the organisations in working with them to support their work. The final objective of which they are aiming to achieve is ?Campaign for changes to legislation, policy and practice in order to keep children safe. These campaigns we aim will have an effect by the end of 2014.? The way in which they aim to achieve this objective is by creating a campaign of which will highlight problems with the current legislations and policies as well as ways of which these could be improved. They aim to achieve this objective as they believe changes within the legislations can make a difference with the security of children. NHS The first objective of which they are aiming to achieve is ?A maximum wait of one month from diagnosis to treatment for all cancers by 2014?. The way in which they aim to achieve this objective is by increasing the pace of which the medical notes and personal information is transferred between sectors within the NHS. Although some cases will need to be treated faster than others, they have created this objective for a deadline of which no cases will take longer than a month to be treated. The 2nd objective of which they are aiming to achieve is ?NHS Breast Cancer Screening Programme will be extended to all women aged 47?73 by end of 2012? the way in which they will aim to achieve this objective is by increasing the number of breast cancer screening appointments per day as this will allow the NHS to cope with the new amount of extra people wanting screenings as well as they will also increase the places of which can carry out these screenings by investing money into the machinery as well as the staff who are capable of carrying out these screenings. The final objective of which they are aiming to achieve is ?To create a new NHS 111 telephone service for patients with non-emergency health needs to replace the 0845 4647 service by 2012?. ...read more.


Another difference between these two businesses objectives are that Sainsbury?s targets seem not to be profit related as they make out that their objectives are more to make the marketing a more sustainable place as well as helping saving the earth which could also be seen as a ploy to give them an advantage over competitors as customers would see them as they are a green company and that they actually care about the planet and so they will then perhaps make purchases from Sainsbury as they will also feel they are doing their own part of saving the planet. However, Southern Waters objective seem to be mixed between customer awareness such as letting them know of water management as well as offering them the best deals available and profit related as they relate to customers and sorting out leakages. Although customer related awareness is about the customers, it also reflects upon the business as good customer service increases the business profit. Allowing customer the knowledge of how to control their water usage allows customers to keep an eye on their expenditures which will make customers see Southern Waters to be a company who cares about their customers which will then help them to retain their current customers therefore possibly increasing their profit as customers will also recommend them as a good supplier. Offering customers the best deals at competitive prices will also end in retaining current customers as they would not wish to move supplier when they are being offered the best possible offers. Sorting out leakages benefits the company as it will make the company become more efficient as more of its waters will make it to their customers and therefore their profit will increase. Additionally to this the government will see the improvement the company has done and so could invest more into this as this will help toward preventing droughts within the local areas therefore decreasing the hosepipe ban periods. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Structures, Objectives & External Influences section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Structures, Objectives & External Influences essays

  1. Marked by a teacher

    ASDA's Ownership

    4 star(s)

    They can be banks or financial institutions. The other option to raise extra finance could be to issue additional shares. * They must provide a reason to why they need the money and for how long they need the money. Money raised by shares doesn't need to be paid for.

  2. Political, legal, social factors affacting Tesco.

    Therefore without the technology that the NHS buys people would not know what is wrong with them. For e.g. if someone has a broken bone they would have to check with an x-ray. The technological factor also has an effect on the NHS's stakeholders.

  1. Btec National Business Level 3 Year 1 - Exploring Business Activity

    Co - ordinates the revenues and expenses across all the other functional areas of the business so that it will have sufficient funds to survive and generate profits to reward its reward. Yes Yes Human resources management Helping other functional managers to develop their work, such as helping them to recruit new staff.

  2. For my portfolio, I was asked to do an assignment on two businesses. I ...

    In May 1998 Tesco donated 12 millions to the millennium dome. Tesco uses pdcu to confirm the prices of the products that they sell in the checkout because it is illegal in Britain to print a wrong cost on the product and to sell at any other prices in the checkouts.

  1. Introduction to Business Assignment

    8.4 Jamie Oliver (the TV chef) has helped the group to generate �1.12bn extra in sales and the 'Naked Chef' has been a chief success for Sainsbury's. Arguably, the �41m spent on the promotional campaign has helped to generate �5 of profit for every pound spent on the campaign.

  2. The Business Environment Coursework. Describe the type of business, purpose and ownership of ...

    Culture Cafe started as a sole trader and then became a private limited company. They are now a community interest company. This means they work with the community in mind and use profits to help the community, but they still hope to make profit and their structure is very similar to the way a private limited company works.

  1. Investigating Business. Tesco PLC. I will be describing the aims and objectives of ...

    can use their earnings and help grow not only their domestic business but their international market, this ensures that they are growing retail services in ALL their markets. To put our responsibilities to the communities we serve at the heart of what we do ________________ Their Fifth objective is ?To

  2. Aims and objectives of Waitrose

    Overall, staff being motivated is very important and vital to Waitrose progress and customer satisfaction. In conclusion, if staffs are not motivated it will cause great disadvantages and Waitrose may not progress well, therefore objectives will not be achieved. Develop links with local community This is about Waitrose improving relationships with the local community and their contribution to it.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work