Homework  Speak to your parents or a person with a job you know.  Write down: Write down What company do they work for? Progression routes (promotion)

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Presentation transcript:

Homework  Speak to your parents or a person with a job you know.  Write down: Write down What company do they work for? Progression routes (promotion) Skills and Experience needed

What is the overall aim for this man? How does he achieve this?

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Business Aims and Objectives  AIM; These are the long term goals that the business wishes to achieve  Objectives ; These are the short to medium term goals designed to help the business achieve its long term aims.

AIMS OF A BUSINESS: Increase Market share Breakeven Survival Profit Maximisation

Different Sectors  Private Sector Set up to earn a profit and to provide goods and services.  Public Sector Are owned by the government. Many provide essential services.  Voluntary Sector- Raise money that is used to support a particular cause. They aim to survive through donations.

Against the clock You have 5 minutes in groups (against the sand timer!) to list: What is an aim and objective? What does SMART stand for? Now feedback to the class

If you was to develop the best UK supermarket in the world what would you think would be important?

Consider something you achieved or something you have always wanted to achieve.  Identify what is it? To learn how to swim? To learn how to play Piano, to learn how to iceskate…  Consider, how you will achieve this AIM. Specific ( I want to be able to swim 6 lengths in a swimming pool) Measurable Achievable (I will learn how to swim, not fly to the moon) Realistic Time Specific (Within 6 months)

SMART OBJECTIVES  Specific- Put a number in 50%  Measurable- Can you check whether you’ve done it or not  Achievable- Don’t over stretch yourself  Realistic- sensible  Time related= week/month/year

Tesco Aims  Our strategy has been developed to drive sustainable growth through three priorities:  1. Continuing to invest in a strong UK business  2. Establishing multichannel leadership in all of our markets  3. Pursuing disciplined international growth

Task- (P5)  Describe the aims and objectives of two retail businesses operating in different sub-sectors. (p5)  You must explain what aims and objectives are and the difference between them. You need to give examples of the aims and objectives of two business organisations. These this could be a business from the private sector and a business from the public sector.  Refer to p5- ticklist