Today we are going to learn more about :- The aims and objectives of businesses in the public, private and voluntary sectors. How business in the UK has changed in the last 50 years. (grown or declined.)

Aims and Objectives for any Business. Should be :- S - specific. (identifiable- inc sales by 20%.) M – measurable. (easy to measure –sales £1m last year, £1.2m this year) A – achievable. (can this target actually be achieved?) R – recognisable. (Can everyone in the organisation understand what is being measured) T – time constrained. – (Target to be achieved by a particular date – monitoring.)

Objectives in different business sectors. Private Sector. Give an example of a private sector business? Brecon Carreg. What are their objectives? Survival, profit, consolidation, expansion and good reputation.

Objectives in different business sectors. Public Sector. Give an example of a public sector business? National Health Service, Local Authorities. What are their objectives? To provide services to the public, efficiently and giving value for money.

Objectives in different business sectors. Voluntary / Unpaid Sector. (Charities) Give an example of a voluntary sector business? Oxfam, Save the Children. What are their objectives? Charitable, social, philanthropic, religious, political or similar purposes. If profit, then it’s used within the organisation. Not part of any government department, local authority or other statutory body.

Business Sectors. What sector do these industries belong to? Primary. (raw materials)

Business Sectors. What business sector do these industries belong? Secondary. (manufacturing, making things.)

Business Sectors. What business sector do these businesses belong to? Tertiary. (providing services, personal, public or commercial.)

Employment Structures All jobs can be categorised into three main employment types Primary Secondary Tertiary In the 1980’s a fourth & Fifth sector called Quaternary & Quinary activities was added. It includes hi-tech research and development industries.

Quaternary industries The Science Park on Technology Drive in south Bridgend is a good example of this sector “LogicaCMG is a major international force in IT services and wireless telecoms. It provides management and IT consultancy, systems integration and outsourcing services to clients across diverse markets including telecoms, financial services, energy and utilities, industry, distribution and transport and the public sector.” From the LogicaCMG website

Think of the last item of clothing you bought, what processes did it go through for you to be wearing it? Complete the diagram by drawing a picture or writing what would happen in each sector. Primary Sector Secondary Sector Tertiary Sector

Growth and decline in different business (sectors) classifications. The United Kingdom. (Growth) Was much more of a primary producer of raw materials. (coal, china clay, tin, oil, gas, farming, fishing, forestry.) This led to a growth in secondary (manufacturing) industries eg. Steel, pottery, shoes, cans, cars, bikes, ships, textiles etc. But this did not last as other nations in the world became more developed.

Business activities. United Kingdom. (Decline) Raw materials (primary products) began to run out or get more expensive to produce eg. Coal, fishing, farming, clothes, shoes. New sources of primary products were found in other countries. The cost of production (secondary businesses) was much cheaper in other counties. (labour costs!) We became less competitive than Germany, Japan, the Asian tigers, so more and more of our products were imported from abroad.

Business Activities. United Kingdom. (decline / recession.) As the primary and secondary sectors declined in the UK, we became more and more involved with the tertiary sector. Tertiary Sector is about services – Banking, insurance, retail, NHS, Education, water and power utilities, virtually all business apart from that producing raw materials and manufacturing!!. Unfortunately, ‘toxic debt’, poor management and greed have led to a world recession. This has a knock on effect on all global business, but is being felt particularly badly by us in the UK, especially because a large volume of our business is conducted in the tertiary sector. Which has a huge impact on all other business sectors. (people will not buy things, so people don’t make them, less raw materials required, less T+T, less jobs. Leads to a downward spiral in global economies and huge amount of debt which will have to be repaid. (UK OWES £170 – 200 BILLION.

Employment by industrial sector (% of total employees) Primary Primary Secondary 1.5% 3.4% Secondary 16.3% 41.9% 54.7% 82.3% Tertiary Tertiary 1974 2005

Write down 2 example of employment in the; Primary sector Secondary sector Tertiary sector

At the end of the Lesson you should be able to; Describe different business sectors Have an understanding of the importance of different sectors to the UK and their link to types of employment Explain business objectives by different sector