Year 12: The Business Environment Learning Objectives: To know how structure supports a business to meet its Aims & Objectives To know what a Mission statement,

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Presentation transcript:

Year 12: The Business Environment Learning Objectives: To know how structure supports a business to meet its Aims & Objectives To know what a Mission statement, Aim and Objectives are To know the importance of specialisation To know how structure aids success. The challenge is: To be able to analyse the success of an organisation and contribution from its structure.

What is a Strategic Plan? A Strategic Plan is where a business wants to be over a long period of time (Five Years or more). West Ham in the Champions league

Mission Statements Nike's Mission Statement is the following: "To bring inspiration and innovation to every athlete in the world." Google’s mission is to organize the world‘s information and make it universally accessible and useful.

Aims & Objectives The Aim is a broad idea of what the business is trying to achieve. The Aim can be broken down into a number of objectives

SMART Objectives SPECIFIC MEASURABLE ACHIEVABLE REALISTIC TIME RELATED

Factors influencing Strategic Planning Stakeholders Business Environment (Legal, Political, Technological) Business Type and Ownership

Private Sector Aims Survival Break even Profit maximisation Growth

Public Sector Aims Service Provision Cost limitation Meeting charter standards

Your Turn For P4 (Oxfam & Tesco): Aims & Objectives SMART Objectives How does the structure help the business achieve its objectives?

Assignment Task 3 (P4) Produce a report describing the how the structure and organisation of Tesco PLC and Oxfam helps them achieve their purposes. You will produce a report where you must explain the Aims and Objectives of Tesco plc and Oxfam. You will include the following areas Definition of Aim & Objectives SMART Objectives Explain the structures and how they support the business objectives. The challenge is: To compare and contrast the aims and objectives of two organisations and the different ways their structure helps them achieve their long term aims and objectives