Part of The Student Room Group

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

The organisations Oxfam who are a voluntary business have three main strategic aims. These are giving the right to live a sustainable livelihood, giving the right to basic social services, giving the right to life and security.

Extracts from this document...

Introduction

UNIT 1: Exploring Business Activity I have recently investigated the different types of business activity and ownership. Using the information from my previous investigation I will now investigate and analyse how the type of business and different stakeholders influence the setting of strategic aims and objectives. Businesses need to have a clear sense of direction which must be shown to all stakeholders. This is the aim of the business which can be broken down in to objectives. The objectives set by the business can be set out more specifically to how the aim can be achieved. Aims can also help a business to strive to improve, helps a business set budgets and helps to expand the business. When using aims (gives a general sense of direction) and objectives (breaking down the aim into more specific targets) in a business a good set of objectives should be SMART. The term SMART stands for: * Specific * Measurable * Achievable * Realistic * Time related The organisations Oxfam who are a voluntary business have three main strategic aims. ...read more.

Middle

They also deliver AIDS and HIV programmes mainly in South Africa using strategies create prevention, cures and treatment to the most vulnerable people such as young children and old people, this should help to create awareness. Oxfam also support groups who monitor how the budgets are allocated and spent. The third aim is giving the right to be heard, being able to help poor people to be able to influence decisions affecting their lives, including using political rights to be able to challenge inequality and economic rights. The plan to meet this aim is to strengthen the voice of people who have been prevented from having any attention or power to demand their rights. Oxfam having also been working towards building social movements where citizens can have an influencing role in relation to government decisions. Audi is a private sector business and has a main aim, which is to make profit. There aims and objectives are based the 4 P's on marketing which is product, price, place and the public. ...read more.

Conclusion

Strategies used by private sector businesses are profit maximisation, survival, sales maximisation, break-even, increasing revenue and cutting costs, meeting the needs of the market and outshining the completion. The main objective of a business is to maximise the profits the make. To achieve higher profits in the longer term, they may have different short-term objectives. For example, by sacrificing short-term maximising, the business can secure long-term profit growth. For instance in order to gain market leadership the business may have to invest heavily in short period so that short -term profits fall. Sales maximisation is used to maximise sales, this can be done increase the number of items sold (sales volume) for example Audi have a aim to sell 900,000 cars in 2009 to customers. Businesses can also increase the sales value, which is the money, received from making sales. This is also known as sales revenue. Survival as a business is also very important to any business but mainly small new companies. A business that has been there for a long time has survived. ?? ?? ?? ?? BTEC NATIONAL CERTIFICATE IN BUSINESS Assignment 2 Kishan Chamber Page 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 Case Studies and Analysis section.

Found what you're looking for?

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

or


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 Case Studies and Analysis essays

  1. Marked by a teacher

    Ownership, stakeholders and organisation in Tescos and Oxfam.

    3 star(s)

    1. What does an organisational structure mean? An organisational structure is a mainly hierarchical concept of subordination of entities that collaborate and contribute to serve one common aim. It is also the division of tasks between individual employees, groups or departments and locations and it is the framework for identifying and organising the tasks to be performed within an organisation.

  2. How external factors can affect the ability of Tesco achieving its aims and objectives

    Intoxicating Liquor Act 2008 The Intoxicating Liquor Act 2008 states that any store or off licence selling alcohol must stop selling alcohol at 10 pm. They must also restrict the sale of alcohol on Sundays and are not permitted to sell alcohol on a Sunday until after 12.30 pm.

  1. Unit 9: Marketing Strategy

    Socio-Economic Group The socio economic groups which I will be targeting are the groups between C1 and A. This prediction is based on the income of the family unit rather than the individual person's job as most people I am targeting will actually be unemployed, although this will be through

  2. BNC BUSINESS UNIT 19 - P2,P3

    If the manager was recruiting a bartender, he may look for similar transferable skills e.g. communication and organisational skills, but he wouldn't expect the prospected bartender to have the culinary skills as a top chef. A manager may look at other things as well as having the specific skills particularly when forming a team.

  1. PEST is a planning tool which is used by a business to evaluate and ...

    many other factors such as the business itself, the businesses competitors, and the industry in which the business is operating these factors need to be taken into consideration when looking at the external environment singly. In this assignment I will be looking at the PEST factors that will affect Ginsters.

  2. Different types of Business purposes (oxfam, voluntary sector)

    They opened their first charity shop in 1948. The proceeds from these usually get paid to different charities or are used to further Oxfam's relief efforts around the globe. They rely on people donating things for free. In 2008 Oxfam GB worked with over 20,000 volunteers in shops across the UK, raising GBP 17.1 million for Oxfam's programme work.

  1. Tesco's Aims - SMART and PESTLE analysis.

    Realistic ? The target must be achievable. When an objective appears to be obtainable and worthwhile it makes people more likely to work for what they want, whereas if the target appears completely unrealistic then people will not want to -put in wasted effort.

  2. Nestle stakeholders and business environment

    Total recordable injury rate among employees and on-site contractors 4.2 3.8 (per million hours worked) Fatalities of employees and on-site contractors 11 18 Average hours of training per year per employee per category 0.58 2.02 Leadership positions held by women (%)

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