Unit 1: Exploring Business Activity M1 (Assignment 1) Oxfam Stakeholders Aim of organization Influence Point of view Owners To work with others to overcome poverty and suffering. The owners have a large influence on this aim. In their view‚ if they get all their staff to achieve this aim then they are giving a good name for Oxfam and will receive further donations and funding. Shareholders To work with others to overcome poverty and suffering. Their influence is not a lot on this
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organisations. I will clearly identify their main purpose and type of ownership. My two chosen organisations are Oxfam and McDonalds. These are two organisations are good examples because they are different in their purpose‚ type of ownership‚ size and scale. OXFAM Description of Oxfam organisation Oxfam was founded in 1942 in Britain as the Oxford Committee for Famine Relief. Oxfam is an international confederation of 15 organizations working together in 98 countries with partners and allies
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Individuals who supply goods or services for the business. They want steady and prompt payment form the businesses‚ also they want to be valued by the company they serve. Owners – Individuals who possess the exclusive right to hold‚ use‚ and benefit-from the business. They are the most important individuals in the business. Usually the owners would be shareholders who invested loads of money and their own time in a business and because of this they would love to see their
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and form of the business; the purpose of the businesses; and the extent of owner’s liability for the business. The businesses I will use for this task are Oxfam and Nike‚ Inc. Oxfam is a non-profit international organisation that was founded in 1942 by a group of Quakers‚ social activists‚ and Oxford academics in Oxford‚ UK. Currently Oxfam has 17 organisations in 90 countries with the aim of finding a lasting solution to poverty and injustice throughout the world. Oxfam’s purpose is "Working with
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environmental protection‚ shares‚ truthful communication. | Trade Unions | Quality‚ Staff protection‚ jobs. | Owner(s) | Have interest of the success of his/her business. | Investors | Have interest earning income from investment. | A stakeholder is any organization or individual that is involved with the business or directly affected by it. So‚ the most obvious in the case of Oxfam would be the staff‚ the customers (to the charity shops)‚ the people who receive the donations and the ones who
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Type of business‚ purpose and ownership (P1) To run a business smoothly or effectively all business have aims or purpose‚ this could be survivor‚ to grow‚ to become a market leader. A business also aims to provide exception service or to create a reputation as the best on market. Types of business To understand how business works and what they set out to achieve‚ it’s necessary to have an understanding of the main types of business sectors which exists within a business organisation. There are
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SEPARATE BUSINESSES‚ ONE A PROFIT ORGANISATION AND THE OTHER A NON PROFIT ORGANISATION DESCRIBE THE TYPES OF BUSINESSES‚ PURPOSE AND OWNERSHIP. INCLUDE IN THE DESCRIPTION‚ THE LIABILITY OF THAT BUSINESS. BUSINESS 1: RIVER ISLAND BUSINESS 2: OXFAM RIVER ISLAND: PROFIT ORGANISATION ‘With over 60 years of fashion retailing experience‚ River Island is one of the most successful companies on the High Street. River Island has nearly 300 stores across the UK‚ Ireland and internationally throughout
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and another that doesn’t make a profit‚ in which case I am looking at Tesco a profit making organisation and Oxfam which is a non-profit making organisation. For these two organisations I am going to describe the type of business activity‚ describe the business purpose of each organisation‚ describe the main differences in type of ownership between the two organisations‚ describe the owners’ liability for debts‚ access and research the rationale of the strategic aims and objectives of your contrasting
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Unit 1 Exploring Business Activity Assignment 3 P5 In this essay I will be describing how three external factors are impacting upon the business activities and stakeholders of John Lewis and Oxfam. The first of the three external factors I have chosen is the credit crunch. The credit crunch is a decline in the availability of loans or a tightening of conditions required to take out a loan from banks. It also means that there are reductions on the interest rates set up by banks for saving
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Exploring Business Activity – Induction Assignment Oxfam is a non profit organisation and was first set up in England‚ 1942. It was created by a small group of Quakers‚ followers of Christ‚ and their main target at the time was to reduce the frequency of famine and to aid those in need. Although Oxfam set out originally to reduce famine they now strive on opening up world markets and providing fair trade to third world countries. To date‚ Oxfam is currently the leading international non-governmental
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