boardworks ltd 2008 1 of 11 1.3 business aims and objectives unit 1: exploring business purposes 1.3...
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© Boardworks Ltd of 11 Aims and objectives in different sectors © Boardworks Ltd of 11 Private sector businesses In this section, you will consider how and why business aims and objectives vary across the different sectors. Public sector organizations Voluntary sector organizationsTRANSCRIPT
© Boardworks Ltd 20081 of 11
1.3 Business Aims and ObjectivesUnit 1: Exploring Business Purposes
1.3 Business Aims and Objectives
Unit 1: Exploring Business Purposes
© Boardworks Ltd 20081 of 11
© Boardworks Ltd 20082 of 11
Contents
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For more detailed instructions, see the Getting Started presentation
Teacher’s notes included in the Notes Page
Flash activity (these activities are not editable)
Web addresses Sound
Printable activityKey skills
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Aims and objectives in different sectors
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Private sector businesses
In this section, you will consider how and why business aims and objectives vary across the different sectors.
Public sector organizations
Voluntary sector organizations
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Aims of private sector businesses
Organizations are divided into two sectors: private and public. The sectors have different aims as they do different things.
Businesses in the private sector can vary enormously in size – your local corner shop and the national chain Tesco are both in the private sector.
Private sector businesses aim to make a profit to survive. They are usually owned by private individuals or groups.
Can you think of five private sector businesses?
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Aims of public sector organizations
Public sector organizations are owned or controlled by the government or regional authorities.
Some industries, such as gas, postal, electricity, phone and railway, used to be in the public sector but were privatized to be more efficient.
However, public sector organizations often have similar aims to private businesses, because they also need to run efficiently.
Public sector organizations are not necessarily aiming to make a profit; most of their money comes from funds that are acquired through taxes.
Can you think of five public sector organizations?
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Aims of voluntary sector organizations
Voluntary sector organizations raise money to support a particular cause or provide a service to those in need. Although voluntary sector organizations do not aim to generate a profit, they do aim to make a surplus after all business costs have been covered.
Can you think of five voluntary sector organizations?
Other aims, for example, to increase service provision, are dependent on them having sufficient budget, or recruiting enough volunteers to do so.
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Aims and objectives in different sectors
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Hot seat activity
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Assignment: Comparing ownership, aims and objectives
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Prepare a report to show your findings.
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Beat the boss!
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Glossary