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

EXPLORING BUSINESS

Extracts from this document...

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.

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 People & Operations Management 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 People & Operations Management essays

  1. Marked by a teacher

    Roles and Responsibilities of Staff Members at McDonalds.

    5 star(s)

    tie which means they are not as flexible to do shifts at short notice, e.g. young children or elderly family members that need assistance throughout the day). (Desired and required) Description of documents. * Job description: The job description is used in all businesses when a vacant position has come

  2. Presenting Business Information

    Flow charts A flow chart clearly shows the process of information being presented to someone. Flow chart is like a diagram it only shows the information in spider diagram. Tesco use this method to present any changes into the structure of the work if there is any for the staff.

  1. Teamwork. There are several reasons why a business may organise their staff into teams. ...

    This is a good way to manage the meeting, as it's more of a discussion, rather than someone dictating to us before the day starts and telling us what we can and cannot do and not listening to our feedback.

  2. Private and Public Limited Company

    competitors also include Wendy's is McDonald's also largest rival, which is also in the fast food business, where Wendy's operates 6776 restaurants in 32 countries, and Hardee's, McDonald's largest rival is also in the fast food business and is the only direct competitor apart from Juicy Burger in the Lebanese market.

  1. The main aim of this research is to evaluate the information on the human ...

    Based on work return salaries and benefits are offered to staff. Salary makes a feeling to staff that how they are honored in organization is represented by their salary. In attracting people, salary and benefits play vital role in organization and it encourages staff to stay on organization.

  2. Unit 13 Applied Business

    As the Christmas Fair was open to the public, it is even more important that the team work well together. Therefore it was the best event to stage in order to improve our skills. The event is also to raise money for 'Great Ormond Street Hospital', which suggests that more

  1. Human Resources

    Candidate will have the knowledge of creating the website Disadvantage: Job some times can be very tiring and stressful, if the individual is not used to work longer on the computer. Job title: Personal Banker Duties and responsibilities: The responsibilities of a personal banker are extensive and wide.

  2. Describe the Different Forms of Ownership of Businesses

    Disadvantage of being in Partnership: 1. The Business owner has to share the profits. 2. The partner may not be agreeing with each other and some member of people may work harder than others to show their capability to others, which may cause struggle into business.

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