Business purposes
The purpose of a business is what the business hopes to achieve (aim or goal). Under business purposes you have supply of products or services, not for profit or profit, to provide goods/services free of charge(charities), to offer the goods at a selling price and to provide services or goods at a below cost(local government). The business purpose of Nike is to create breakthroughs and Sustainability that improve our world and are also better for our athletes and our investors.
Their aims and targets are
Aims show what we aspire to do, even if we can’t measure progress against these today. In this space we define our desire to find a solution and share our strategy and approach.
Targets specify our focus and determination to relentlessly improve our performance. We’ve focused targets based on materiality, our ability to measure and what role we can take in bringing about change.
Supply of products/services
This means when a business involves just one person or an organisation that provides a product/services that is supplied to someone else which usually involves payment. For example
NOT FOR PROFIT AND PROFIT
Profit: many businesses are set up to make profit, but what a business needs to understand is that the money they make from the sales activities has to be able to cover up their expenditures/ running costs. These businesses have to make sure they are providing their customers with goods which are needed by the customers and are willing to buy it at prices which are higher than the costs of supplying these goods. You will find businesses like this everywhere this days ranging from huge international companies like bp and to supermarkets like Morrisons.
Business sector consists of three sectors which are public private and voluntary.
Public sectors are businesses that are runned by the government for example NHS, police and fire brigade.
Private sectors are businesses owned by individuals or a group of people for example Nike plc, Tesco plc, JD sports etc.
Voluntary sectors are organisations that have a group of trustees looking after the work for example charities and religious beliefs organisations.
Nike plc is a private sector because it is not owned or runned by the government.
Ownership of the business is people to whom the business belongs
In the Private Sector there are Sole Trader, Partnerships, Private Limited Company (Ltd), Public Limited Company (plc), and Franchise
Nike plc is a public limited company which means it’s owned by shareholders but has the chairman of the board of directors and executive directors which makes the major policy decisions about the business. The shareholders give the business funds by buying shares in the company they have a say in how the company is run when they attend the annual general meeting where all the reports of the year is presented to them at this meeting this is where they decide if to vote out directors or denying to approve pay rises.
Key stakeholders: are individuals who have an interest in the business
Nike plc. Stakeholders are their customers, employees, suppliers, owners and local national and international communities.
NHS
July 5 1948 – The NHS is born
When health secretary Aneurin Bevan opens Park Hospital in Manchester (image right), it is the climax of a hugely ambitious plan to bring good healthcare to all. For the first time, hospitals, doctors, nurses, pharmacists, opticians and dentists are brought together under one umbrella organisation to provide services that are free for all at the point of delivery. The central principles are clear: the health service will be available to all and financed entirely from taxation, which means that people pay into it according to their means
Business activity
NHS is a national business because it is based within the country and so are its customers.
Business sector
NHS is a public sector because it is owned by the government and profit making is not their motive or aim but they also do not want to make a loss.
Business purpose
NHS mission is to provide patient care, education and research of the highest quality.
In pursuit of this mission we will be guided by the following four values:
•Respecting everyone
•Embracing change
•Recognising success
•Working together
Their aim and objectives are:
•To provide additional services for the local population
•To provide services which are quick and easy to access and provide an excellent patient experience?
•To deliver services to the highest standards
•To develop research activities in partnership with academic and healthcare organisations
•To ensure staffs are enabled to provide safe, effective and high quality patient care.
Supply/services of product
The NHS services provide a comprehensive range of health services, the vast majority of which are free at the point of use for residents of the United Kingdom
In July 2005, the NHS Trust reorganised its management structure, moving from thirteen clinical directorates to five clinical divisions for their own benefits which are
•Maximising clinical involvement in corporate decision-making.
•Improving the speed of decision-making, simplifying internal communications and reducing bureaucracy.
NOT FOR PROFIT AND PROFIT
NHS is a not for profit organisations because it is sponsored by the tax payers of the uk in return to free health treatment. This was established by
Ownership of the business
NHS is a government agency which is funded by the government but has their independent. The government set these services to take responsibility for a particular activity in the country. Although they are funded by the government and accountable to them it has its freedom to manage its own affairs but given guidelines so in interest of fairness they are seen to be runned in an independent way.
Key stakeholders
The key stakeholders of nhs would be the Commissioners: those that pay the organisation to do things Customers: those that acquire and use the organisation's products Collaborators: those with whom the organisation works to develop and deliver products Contributors: those from whom the organisation acquires content for products Channels: those who provide the organisation with a route to a market or customer Commentators: those whose opinions of the organisation are heard by customers and others Consumers: those who are served by our customers: i.e. patients, families, users Champions: those who believe in and will actively promote the project Competitors.