www.thetimes100.co.uk Social responsibility - using resources more efficiently Curriculum Topics • Aims and objectives • SMART objectives • Strategy • Tactics Images supplied by Vismedia Introduction The challenge facing business and society in the 21st century is how to use resources more efficiently. Every business large or small needs to consider carefully: 1. how to reduce its use of energy 2. how to minimise waste. The central economic problem is how to match finite resources with
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STRATEGIC PLANNING A business needs to have a clear sense of direction, which must be clearly communicated to all stakeholders. This is the aim of the business which can then be broken down into smaller aims, and objectives. Strategic planning is of importance in giving directions to organizations. A strategic plan is drawn up for relatively long period of time, typically by senior managers. The plan will cover a five year period of time or longer. The plan needs to be shaped by the mission and
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Aims And Objectives Of Mcdonalds Aims & Objectives Why are Aims & Objectives important in a business? In a business when a number of brains are working together, there are always different views on a certain aspect, therefore aims and objectives are used to help them focus on one view on the aspect which either seems right or is right. Aims and Objectives help an organisation grow; it is used as a guideline, a plan and a goal. What the organisation is heading for and how it is heading there
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short run occurs when marginal revenue is equal to marginal cost. This means the firm produces until the last unit produced has revenue equal to its cost and is shown in the diagram below. Whether a firm will always aim to profit maximise will depend on a number of different reasons, firstly the criticisms with MR=MC are that it is difficult for a large firm to estimate their demand curve for their thousands of products, no matter how much market research they put
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BUSINESS RESOURCE STAFFING NEEDS Objectives 1. Importance of staff 2. Determining Importance of staffing Staff is important to a business for the following reasons: 1. They complete the work that the business has been set up for. 2. They help each other when there is need to in order to complete certain task. 3. A business will have a variety so as to ensure smooth operation. 4. They make decisions that help them do the work within the business. 5. They play a public relation role as
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EXPLORING BUSINESS ACTIVITY - P2 The Influence of Stakeholders Stakeholders can be anyone who has an interest in a business. There are a number of different types of stakeholders. In the following table below, I will be discussing each of the stakeholders and their influences. Stakeholder | Tesco | Cancer Research UK | Customers | Customers of Tesco are people who shop in the business, whether it is in stores or online. They are the ones putting money in the business which emphasises their
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Task: Describe how marketing techniques are used to market products/ services in two organisations. MARKETING… MARKETING… The role of marketing | Page: 2-3 | Marketing objectives for Tesco | Page:4 | Marketing techniques used by Tesco | Page: | Marketing objectives for Oxfam | Page: | Marketing techniques used by Oxfam | Page: | THE ROLE OF MARKETING THE ROLE OF MARKETING What is marketing? Marketing is the social process by which individuals and groups obtain what they
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caring for them. * Aims & Objectives An aim is a specific goal or purpose, whilst an objective is a specific result that a person or system aims to achieve within a time frame and with available resources. In general, objectives are more specific and easier to measure than goals. Objectives are basic tools that underlie all planning and strategic activities. They serve as the basis for creating policy and evaluating performance. Some examples of business objectives include minimizing expenses
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Spencer | Unit 1 The Business Environment xxxxx Unit 1 The Business Environment xxxxx Assignment title | Research into the business environment – assignment 1 | Date issued | 27th September 2014 | Hand in date | 8th November 2014 | Learning aim | 1 | Know the range of different businesses and their owners | | 2 | Understand how businesses are organised to achieve their purpose | Scenario | You have been employed as a business analyst in the Office for National Statistics (ONS). You
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projects 2. How do the aims of a social enterprise differ from those of a PLC? Examples of social enterprises include cooperatives, credit unions and housing associations. These businesses are run like any other commercial business however all profits earned by the business go back to the business to help achieve its social or environmental objectives. The aims of social enterprise are to achieve its social or environmental goals that have been set out. The aims of a plc are different in the
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