Different Sectors of Business and Their Key Stakeholders
Introduction
In this piece of coursework I will describe the different sectors; these are the public private and voluntary. Below I will describe each sector and talk about the key stakeholders, the main aims and objectives and the main strategies of each sector.
The key stakeholders of businesses in the private sector are the owners and shareholders, whereas in the public sector, the government and user groups are the key stakeholders.
Main aims and objectives of the businesses within the private sector is to make high sales and profits and to have and maintain control in the market, this means that these businesses aim to be market leaders. However, in the public sector, the aims and objectives is to provide people with high quality service, for example the aim of Metropolitan Police is to provide services such as preventing crime and ensuring that the public feel safe in their area. The slogan of the metropolitan police is ‘Working together for a safer London’; this gives an idea on what kind of services they provide.
The key strategies in the private sector are to win market shares, sales and profits in order to be successful within their market. Whereas in the public sector, they guarantee people that they will be provided with high quality service. The other sector along with these 2 is called the voluntary sector, they are similar to the public segment, however they are not provided with money by the government. They are a non – profit sector whereby they have businesses that help charities such as Oxfam, crime stoppers, RSPCA, comic relief and many more. Also, within this coursework, I will be talking about the different types of ownerships and giving examples of each, this will be done with sub headings.
Organisation A
[pic]
Background Information of John Lewis
John Lewis was founded in 1920, before he started this business; he had some experience in the drapery trade and was working
In this piece of coursework I will describe the different sectors; these are the public private and voluntary. Below I will describe each sector and talk about the key stakeholders, the main aims and objectives and the main strategies of each sector.
The key stakeholders of businesses in the private sector are the owners and shareholders, whereas in the public sector, the government and user groups are the key stakeholders.
Main aims and objectives of the businesses within the private sector is to make high sales and profits and to have and maintain control in the market, this means that these businesses aim to be market leaders. However, in the public sector, the aims and objectives is to provide people with high quality service, for example the aim of Metropolitan Police is to provide services such as preventing crime and ensuring that the public feel safe in their area. The slogan of the metropolitan police is ‘Working together for a safer London’; this gives an idea on what kind of services they provide.
The key strategies in the private sector are to win market shares, sales and profits in order to be successful within their market. Whereas in the public sector, they guarantee people that they will be provided with high quality service. The other sector along with these 2 is called the voluntary sector, they are similar to the public segment, however they are not provided with money by the government. They are a non – profit sector whereby they have businesses that help charities such as Oxfam, crime stoppers, RSPCA, comic relief and many more. Also, within this coursework, I will be talking about the different types of ownerships and giving examples of each, this will be done with sub headings.
Organisation A
[pic]
Background Information of John Lewis
John Lewis was founded in 1920, before he started this business; he had some experience in the drapery trade and was working