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1.3 Business Aims and ObjectivesUnit 1: Exploring Business Purposes

1.3 Business Aims and Objectives

Unit 1: Exploring Business Purposes

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Contents

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For more detailed instructions, see the Getting Started presentation

Teacher’s notes included in the Notes Page

Flash activity (these activities are not editable)

Web addresses Sound

Printable activityKey skills

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Aims and objectives in different sectors

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Private sector businesses

In this section, you will consider how and why business aims and objectives vary across the different sectors.

Public sector organizations

Voluntary sector organizations

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Aims of private sector businesses

Organizations are divided into two sectors: private and public. The sectors have different aims as they do different things.

Businesses in the private sector can vary enormously in size – your local corner shop and the national chain Tesco are both in the private sector.

Private sector businesses aim to make a profit to survive. They are usually owned by private individuals or groups.

Can you think of five private sector businesses?

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Aims of public sector organizations

Public sector organizations are owned or controlled by the government or regional authorities.

Some industries, such as gas, postal, electricity, phone and railway, used to be in the public sector but were privatized to be more efficient.

However, public sector organizations often have similar aims to private businesses, because they also need to run efficiently.

Public sector organizations are not necessarily aiming to make a profit; most of their money comes from funds that are acquired through taxes.

Can you think of five public sector organizations?

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Aims of voluntary sector organizations

Voluntary sector organizations raise money to support a particular cause or provide a service to those in need. Although voluntary sector organizations do not aim to generate a profit, they do aim to make a surplus after all business costs have been covered.

Can you think of five voluntary sector organizations?

Other aims, for example, to increase service provision, are dependent on them having sufficient budget, or recruiting enough volunteers to do so.

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Aims and objectives in different sectors

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Hot seat activity

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Assignment: Comparing ownership, aims and objectives

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Prepare a report to show your findings.

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Beat the boss!

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Glossary