aims and objectives of sainsburys and oxfam
Introduction In this report I will be writing about both Oxfam and Sainsbury's .I will also be writing about Sainsbury's aims and there business objectives. A business aim is what the business is aiming for and a business objective is how they are going to achieve there aims. Business objectives should always be SMART. This stands for Specific, Measurable, Achievable, Reliable and Time bound. Sainsbury's Sainsbury's is a plc (public limited company) all businesses that are public limited company are the largest type of business. Another example of a public limited company is ASDA. Businesses are split into three types of sectors primary, secondary and tertiary Sainsbury's is in the tertiary sector. The tertiary sector provides a service buy selling food and products. The tertiary sector buys goods from the secondary sector. Oxfam Oxfam's is a charity it is in the voluntary sector. Oxfam is also in the tertiary sector however; instead of just selling products, it also provides a service to other charities. It does this buy selling cloths at a very cheap price. Oxfam's purpose is not to make a profit. Its purpose is to earn money for charities so they can make the world a better place. This means that instead of keeping the money they earn for them selves they donate it to various charities. Additionally if Oxfam does not keep the money they earn they cannot afford to pay
Do you think it is a good idea for companies to use corporate social investment to promote their corporate image?
Altered Attitudes cc . "Companies used to find it bad taste to gloat about their generosity but now realise that they can use their good work to promote their corporate image." Do you think it is a good idea for companies to use corporate social investment to promote their corporate image? Yes, companies become aware of the impact of their activities on all of their stakeholders and express their commitment to contributing to sustainable economic growth, while also improving the quality of life of their employees and their families, of the community where they conduct their business and of society at large. The idea is to develop all three dimensions of a company, which generates long-term value and contributes significantly to obtaining long-lasting competitive advantages. It's ability to provide effective customer care. This corporate identity forms the basis for all the relationships it establishes through its financial and commercial activity, the execution of its social actions and the day-to-day expression of its corporate 2. What is meant by "corporate citizenship"? Corporate citizenship is a term used to describe a company's role in, or responsibilities towards society. For this reason it is sometimes used interchangeably with corporate social responsibility, and in fact many companies including Microsoft, IBM and Novartis have used it in this way to describe
Contribution to innovation and change. Explain three points of innovation in a business environment.
Task 1 You have been asked to write an article for a magazine called "How to contribute to innovation and change within the organisation". . Explain three points of innovation in a business environment. Businesses that encourage innovation and creativity are more likely to succeed than those which don't embrace change. This can be achieved by: > exploiting new ideas > taking advantage of new technologies > leading the market rather than follow it 2. Explain why it is so important to review existing ways of working in a positive way, identify four ways for doing so. > Improve business processes to increase efficiency and productivity > Develop new and improved services to meet rapidly changing customer demands > Differentiate your business from your competitors to increase your market share > Take advantage of new technologies to enter potentially lucrative new markets > Attract and retain key staff by building a reputation as a dynamic, forward-thinking organisation. 3. Explain three benefits of teamwork when contributing to innovation and list three behaviours and attitudes which will support this innovation. > People with diverse talents, personalities, and backgrounds who are able to exchange their ideas freely set the tone for change. > Recognition that there's not just one correct way of doing things and being appreciated makes you want to be more
Comparative report on HMV and Hope House. Objectives of a PLC and a charity.
Comparative report on HMV and Hope House. The manager has decided he is still unsure about different types of business ownership aims and objectives. He has asked you to create a short report that will incorporate the two sections. Within this report he has requested you to compare and contrast the following points for your two businesses. (The two businesses must have been researched for your P1 task). HMV This is a public limited company. The name of the company ends with plc / plc. Shares can be sold on stock exchange and the public can by the shares and investors can buy shares as well. Shares sold to the public bring in a lot of money to the company. HMV belongs to the tertiary sector, and is a public limited company and it's the largest of it kind in Britain and Canada HMV sell Entertainment good's such as music, Blue ray, DVD's, games, gadgets and t-shirts; they also sell ticket to gigs and comedy. HMV was founded in the 1920 in London. HMV is a global company but is based in the UK with over 700 stores in 7 different countries and over 11,400 staff. It's served in the UK, Republic of Ireland, Canada, America an in the Far East. HMV is a global company and it's well known. Hope House Hope house is a charity run business and it belongs to the tertiary sector, and they employee 40-60 of staffs in United Kingdom. Hope house is a children hospice which provides
Functional Areas within a business:- examples form CarPhone Warehouse and Meningitis charity.
Functional Areas within a business:- Functional areas are different departments of a business. Every business either it is a small small business or big business like a Coke Company or Mobile Company it needs functional areas. Because functional areas are different departments of a business to help the business to run or to develop their business from low position to high position. In short only one person cannot control the whole business every business needs Functional Areas for different functions. Some of the Functional areas are given below. Finance: This department of a business spends money on Capital Resources like Computers, Machineries and other goods which a company needs. They are in charge of every missing stock in the business. And mostly in charge of money coming in and going out of a business. They pay wages and salaries to their Employees and they also prepare accounts and gives information of all the cash flow of a business. Administration: This department keeps records of a business, they answer phones or making calls to the other departments, they open type of letters and E-mails etc and writhe E-mails and use to forward it to customers .Sectary's make sure the business in operating efficiently. Human Resources: This department of a business look after the employees, which means they can fire any employer from their business and can hire an
Economic Influence on a Business
Economic Influences Economic influence is when a business is affected in any way by the economical factors. Economic Factors are the main elements that affect financial matters of a business like tax, interest rates, banks and stock markets. There are different ways in which different economic factors can affect a business for example the taxation is one of the main factors that can affect a business, it can affect the business because they have to pay tax to the government on the energy they are using or they have to pay some profit that they make to the government as tax. Interest rates are charged on every loan that a business takes from the bank, this can affect a business because if they keep on borrowing the loan they would have to pay extra money back to the bank this can affect a business in making profit. Stock market is where the Longleat's stakeholders can buy shares and invest in business because they get a slice of ownership in the company, their company can be completely taken over. As a large business Longleat has to face a number of economical factors such as taxation, interest rates, labour. Stock markets is not one of the important factors faced by Longleat because Longleat is a private limited company and it would only give shares to the investors it selects. Factors such as tax are common in every business, Longleat has to pay tax to the government such
PPF Economics
Economics - Health Care Questions . The demand for health care is increasing for several reasons. One reason why the demand for health care is increasing is due to the overall increase in life expectancy of people in the UK, as people are living longer the population is increasing and therefore more people are dependent on the health care. Another reason why the demand for health care is on the rise is that people are getting richer and therefore wanting and undergoing more cosmetic surgery which is part of the health care. In addition to this, improvements to technology and the range of treatments available mean that more people are seeking a cure thus the demand for health care is increasing. Finally demand for health care is increasing as a result of higher birth rates and immigration which means a population increase. As more people are brought into the UK they all need health care whether it is private or the NHS however there is an increase in demand. 2. The market for health care clearly illustrates the concept of scarcity. Scarcity literally means that economic agents can only obtain a limited amount of resources at any moment in time; in this case the economic agents represent the NHS and the allocation of their resources e.g. doctors, treatments, etc. The want for health care is infinite as people are in constant demand for it in order to live; because if they are
Why businesses do sets objectives and aims
Mr Edwards BTEC FIRST BUSINESS PURPOSE UNIT 1 Exploring Business Purpose Assignment 6 Assignment 6 Why businesses do sets objectives and aims: In this report I am going to describe and show the key aims and objectives in Business by different sectors and the main functional areas that support business organizations. Underneath shows my typical mind map of business aims. Businesses use Mission Statement: In many businesses communication is the main objects in the form of a mission statement and they also have aims as well. If they want to really achieve it for the future and brings some new with more successes in their businesses, so they have to fallow some steps like put their all efforts and by hard work on workers. Why business sets aims: An aim is where the business wishes and wants to go in the future, its like goals and target. It also could be like a statement of purpose, if the business wants to achieve their progression for future so however they have to achieve their aim for their aims they have to have confidence, communication, development, focus, motivation and teamwork but they also have measurement for their aims but it depends on their aims because they should always be propriety the size of the business so by this then can develop the business but they need a really a hard work. E.g. Britain wants to grow the business into all around the
Nature of Business
Business Studies Speech "In economics, a business (also called firm or enterprise) is a legally recognized organizational entity existing within an economically free country designed to provide goods and/or services to consumers". The fundamental aim of the business is for people to work together and achieve goals to enhance value to inputs and thus creating profits for the business and its entities. Good morning/afternoon class, teachers and or students. In today's speech I will be addressing "The importance of business and its relationship with stakeholders" I will be defining the term business, describing the nature of business and its role in society and I will also be explaining the responsibilities of business to internal and external stakeholders. Firstly Businesses can be broken up into two different sub groups - public sector and private sector. The public sector is organizations that are owned and controlled by the government. An example of these organizations is police, health, education and defense as well as businesses owned by the government such as State Rail, RTA, and Australia Post. The private sector is all organizations and businesses that are owned and controlled by private individuals or groups Secondly Stakeholders are the individual, groups or institutions who also have an interest in the way a business operates. There are two types of
Ownership, Location and Aims and Objectives of Lex Transfleet and Express Diner
Sections A1, A2 & A3 Section A1 - Describing all four features for both businesses; Lex Transfleet and Express Diner Ownership of Lex Transfleet Lex Transfleet is a PLC (public limited company) which is hard to set up because of the paper work that needs to be done. They are owned by minimum of 2 people because but there is no maximum numbers of shareholders. Shareholders in Public limited companies have limited liability which is that they invest in capital and if they were in debt they only lose the amount of capital that they invested in to the business. For example a shareholder in Lex invests £50,000 and the business get indebt of 1 million pounds then they don't need to pay back the 1 million pounds, they just lose the £50,000 that they invested. The advantage of limited liability is that they do not need to pay the amount of debt because they just lose out what they invested. The advantages of a public limited company is that they have limited liability, the capital increases because public can buy shares and the shares increases in value if company is successful. The shareholders vote for who the directors are going to be and the directors in the business run the business and make all the major/minor decisions. The directors in the business are in charge on a day to day basis. For the business to grow they can advertise shares on the stock exchange and raise more
