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.

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Assignment 2

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. These are giving the right to live a sustainable livelihood, giving the right to basic social services, giving the right to life and security.

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To first aim giving the right to live a sustainable livelihood, the long –term goal being to ensure the rights of people to have food and income security that is sustainable for their future and the environment.

To meet this aim and long term goal there strategy is to support small farmers to become drivers of economic growth in countries or areas. They are also campaigning globally about climate change to create awareness.

The second aim of Oxfam’s strategic pan is to ensure people’s right to basic services such as education, health care and water. Also ...

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