IN THIS ASSIGNMENT WE WILL PICK TWO CONTRASTING BUSINESSES AND I WILL BE EXPLAININGTHE DIFFERENCES OF PUBLIC SECTOR BUSINESSES AND PRIVATE SECTOR BUSINESSES. First of all, I WOULD start WITH EXPLAINING WHAT TYPE OF OWNERSHIPS THE BUSINESSES ARE IN AND WOULD ALSO TALK ABOUT THEM BY SAYING WHO THEIR SHAREHOLDERS ARE, PURPOSE, SECTOR, AND THE BUSINESSACTIVITIES. THE BUSINESS I PICKED ARE NIKE PLC AND NHS AND I WILL GIVE SOME INFROMATION DESCRIBING THE DIFFERENCES AND SIMILARITIES. NIKE PLC
Nike plc. is designer brand that produces clothing, shoes, bags etc. they are a public limited company and have other 5000 of their products all over the world. Nike plc. is a global business because they are known worldwide by their products etc. there are three ways a business can operate either by being locally, national or globally known. Local: If a business is locally known it means it’s just known within the community it is based in e.g. newspaper. National: if a business is known nationally this means that the business can be based in a little community but all around the country for the citizens to know about the business e.g. morrisons Globally: if a business is known globally this means that the business customers are based all over the world for different kinds of countries to know about the business. There are 3 kinds of sectors which are; primary, secondary and tertiary sectors. In the primary sector this is when the goods are extracted from nature while in secondary sector this is when they packaging and labelling etc. comes to place and the tertiary sectors is the final process of all where the products are now sold to businesses and consumers of the product. Nike plc. is a tertiary sector because they advertise the products, make sure the goods they have ordered or paid for be protected safely when transporting to be sold to the different shops. Business purposes
The purpose of a business is what the business hopes to achieve (aim or goal). Under business purposes you have supply of products or services, not for profit or profit, to provide goods/services free of charge(charities), to offer the goods at a selling price and to provide services or goods at a below cost(local government). The business purpose of Nike is to create breakthroughs and Sustainability that improve our world and are also better for our athletes and our investors. Their aims and targets are
Aims show what we aspire to do, even if we can’t measure progress against these today. In this space we define our desire to find a solution and share our strategy and approach. Targets specify our focus and determination to relentlessly improve our performance. We’ve focused targets based on materiality, our ability to measure and what role we can take in bringing about change. http://www.nikeresponsibility.com
Supply of products/services
This means when a business involves just one person or an organisation that provides a product/services that is supplied to someone else which usually involves payment. For example Products or service
Want or need that it satisfies
Sports trainer and running SHOES
People need shoes for everyday life
Comfortable, makes you look nice, relaxing.
HOODIES & SWEATSHIRTS
To keep you warm when cold (hoodies)
Sweatshirts: used when exercising
JACKETS & GILETS
Used to keep you warm during extreme winter periods.
BAGS & BACKPACKS
Used to make carry things (books) easier.
Worn in shoes to keep your feet relaxed, and warm during winter or when cold TROUSERS long and shorts
Worn to keep you relaxed and cover your body.
TANKS & VESTS
Used for exercising and worn when hot to keep cool
To protect certain parts from getting hurt when playing some sports e.g. rugby and football Balls ( football basketball tennis and golf
Needed for those who are interested in playing football basketball or tennis NOT FOR PROFIT AND PROFIT
Profit: many businesses are set up to make profit, but what a business...
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