P1: ‘Describe the type of business, purpose and ownership of two contrasting businesses.’ Introduction Marks and Spencer’s is a British organisation. The first owner of Marks and Spencer was Michael Marks; he started the business as a sole trader. Some traders are ones who keep all profits and make all decisions by themselves. They are described to any businesses which are owned and controlled by one person. Control refers to making decisions. They are personally reliable for the firm’s debts
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my selected four stakeholders will affect the aims and objectives of my chosen businesses. My chosen businesses are John Lewis Company and Mile End Leisure Centre. My four selected stakeholders of John Lewis Company are Customers, suppliers, employees and managers. The four selected stakeholders of Mile End Leisure Centre are the Government, shareholders, Local community and environmentalists. How my selected business affect the aims and objectives of John Lewis Partnership: Customers:
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organisational strategic aims and objectives. Assessment Criteria 1.1Identify the current strategic aims and objectives Note: The candidate is expected to choose an organisation of his/her choice and describe briefly its current strategic aims and objectives. For example the organisation might be aiming at becoming market leader in providing high quality products, or aiming at providing low cost products to target customers who are cost conscious. Some organisations might have other aims. 1.2Undertake an
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P4 The Kings CE School uses a tall structure, and the purpose of the school is to teach children. There are many ways in which their style helps them to teach, firstly the tall structure helps to separate different departments, the highest and most superior are at the top and the departments e.g. the teaching staff are placed at the bottom. This makes sure that no information is lost and any new tasks that governors or the head teacher set can be passed the chain easily. The structure shows different
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study aims to determine the factors that affect the attrition rate of engineering students per degree program. Supplementary factors to be determined includes both the intrinsic and extrinsic factors. Intrinsic factors include the overall wellness of the student, health, skills and personality, time management and such. Moreover, extrinsic factors includes students’ behavior in interaction with the society like having a social life, financial problem, long travel time, and the like. The aim of this
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organisation Different organisations will have different mission, values and objectives that they would like to encounter. It is first important to define Mission and Values and how M&S meets them. In terms of Mission it is the long-term goal your organisation seeks to achieve, and in terms of Values those things your organisations believes in and search for to understand in its work Within M&S’s their objectives are incorporated within its mission statement of Vision, Mission and Values: Vision:
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types of organisation, describing the extent to which an organisation meets the objectives of different stakeholders and explaining the responsibilities of an organisation and strategies employed to meet them. Identify the purposes of different types of organisation It is necessary for an organisation that, before it devises its strategy, it must know where it is going and in what direction to move to pursue such aims. J Thompson (1990) describes the mission statement of a company as defining the
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Definitions Goals: Organisational goals are strategic objective that are established by the company’s management to show expected outcomes and what they presume from their employees. It is predetermined and describes future results toward which present efforts are directed. Setting goals can be a big advantage for organisations as it justifies a company’s activity; define performance standards; guide employee’s effort; provides a source of motivation by presenting a challenge and how to achieve
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Unit 1 M1/D1- Nyal Brewis-Buckley M1- write a report explaining the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations you described in task 2. Different stakeholders have different views and opinions, this can make decision making and agreeing with decisions very difficult. It becomes very difficult to negotiate with stakeholders because different people look at the business differently, some stakeholders care about how the
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Assignment 1 – Unit 1 Type of business and aims & objectives Foot Locker is a public, for profit organisation/business and is an American sportswear and retailer. It is a business that mainly focuses on clothing and footwear. Foot Locker is in the tertiary sector as they buy their footwear and apparel from suppliers and then go on to sell it to consumers/customers in their many stores around the world. They also advertise their product meaning they are in the tertiary sector. They are not
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