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EXPLORING BUSINESS

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Introduction

Aim All business has aims that they want to achieve and objectives that help them they have to do to achieve those aims. And aims are the overall goals and purposes that the business was set up to fulfil. Aim should always be appropriate to the business achieve and size of the business. Also aim is to provide a focus for the business also development and achievement of key areas of business. OBJECTIVES are specific targets that must be achieved if the business is to fulfil its aims. Also objectives are to break down the aim so that they are easier to achieve and it's step which to achieve aim. All objectives mast is monitored regularly - to check achievement. The beast objectives are SMART SMART stands for: Specific - There is a clear definition often including a number for example saving �20 a week. Measurable- This means achievement can be checked. Banking your saving mean your bank statement will record and measure your achievement. Achievable- This means you attain your target if you stretch yourself a litter- so saving �20 a week may be achievable without having to make too many sacrifices. Realistic-This means the target is sensible so that you stand achance of achieving it you could not save �20 a week if you did not have a job that paid at least that amount. ...read more.

Middle

* Rewarding colleagues: this is one of the goals which are always 'to keep the fun' and to continue to reward colleagues for working hard. This helps everyone working at Richer Sounds as this keeps them focused and motivated. * Technology developments: new product come into the market, there are new ways of doing business e.g. through the Richer Sounds website. Also new competitors may come into the business market and some may leave. Now I am going to compare and contrast Richer Sounds to Oxfam. I will do this by describing what each business is, what is the same, what is different in each business. Ownership: Oxfam is an international charity group of organizations working together with over 3,000 partnerships in more than 100 countries to find long term solutions to poverty, sufferings and injustice. With many cases of poverty in caused by nature, the members of the global Oxfam international believe they can achieve a greater impact through their joint efforts. Aims: Oxfam's vision on the world is where there is no poverty and where everyone gets justice, and to help ensure that every individual is guaranteed of.... A sustainable livelihood: this means that they can earn a reasonable living over many years to support themselves and their families. ...read more.

Conclusion

and nearly 70 staff involved in running shops around the country. Oxfam also have a field office in Tanzania with a full time staff. Richer Sounds aims are based on making a profit and customer service; however Oxfam's aims are only based on health, safety, protecting and giving a normal life to the poor. Both businesses put they aim revolving around people, Richer Sounds aim is to put the customer's satisfactory rights first and Oxfam puts equal rights first so that all poor and needed are not judged by their gender or ethnic identity. Richer Sounds reward colleagues for working hard whereas Oxfam try to improve working conditions for people living in the poor. Oxfam is a contribution as part of the broader global movement against poverty and injustice. However Richer Sounds develop technologies which are Hi-fi retailing products which come onto the market, this therefore means that there may be new competitors entering the market and some leaving. From my researches I have researched that S.M.A.R.T objectives are least used in the business Oxfam as it is more related to help people in the poor and in disasters around the world, whereas Richer Sounds is related to making a profit and good value for money this shows the image of using figures. ?? ?? ?? ?? BTEC business level 2 MR Edwards Unit 1: Exploring business purpose Oxford Community School 1 ...read more.

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