Ocr level 3 cambridge technicals in business
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OCR Level 3 Cambridge Technicals in Business. Introduction to. Unit 1: Business Environment. Two very different businesses. In October 1942, following the setting up of a national Famine Relief Committee, the Oxford Committee for Famine Relief met for the first time and Oxfam was born. .

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OCR Level 3 Cambridge Technicals in Business

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Ocr level 3 cambridge technicals in business

OCR Level 3Cambridge Technicalsin Business

Introduction to

Unit 1:

Business Environment


Ocr level 3 cambridge technicals in business

Two very different businesses

In October 1942, following the setting up of a national Famine Relief Committee, the Oxford Committee for Famine Relief met for the first time and Oxfam was born.

Oxfam continues to support relief for poverty via direct action projects all over the world, often in areas of severe deprivation.


Ocr level 3 cambridge technicals in business

Two very different businesses

These initials, along with ‘Co’ from Cohen, gave Jack the idea for the name of his own label – TESCO.

In 1919, Jack Cohen started selling surplus groceries from a market stall in the East End of London.

In 1924 Jack sold his first own-brand product. This was tea from a firm of tea suppliers of whom T E Stockwell was a partner.


Ocr level 3 cambridge technicals in business

Oxfam

The purpose of Oxfam is to help create lasting solutions to the injustice of poverty.

Oxfam uses a combination of rights-based sustainable development programs, public education, Fair Trade, campaigns, advocacy, and humanitarian assistance in disasters and conflicts.


Ocr level 3 cambridge technicals in business

TESCO

Tesco’s vision is to be:

a modern and innovative company and winning locally, applying their skills globally

a growth company

most highly valued by the customers they serve, the communities in which they operate, their loyal and committed staff and their shareholders


Ocr level 3 cambridge technicals in business

Business Environment

Has no commercial or financial aims in its vision statement

Oxfam and Tesco are both major businesses, but are very different.

Oxfam

TESCO

A public limited company with clear aims to grow its position in the market place

Performance is measured by profit and revenue levels

Oxfam International is a confederation of 15 organisations

Works primarily in the retail sector

A registered charity


Ocr level 3 cambridge technicals in business

Business Environment

Charity

Oxfam

Relieve suffering of those in need

No maximisation of profit

Income from donations

Respond to worldwide emergencies/disasters

No shareholders

Retail Sector


Ocr level 3 cambridge technicals in business

Business Environment

Growth

Customer loyalty

Retail Sector

Fierce competition

Value for money

TESCO

Maximise profits

Public Limited Company

Customer preferences

Customer satisfaction

Brand value

Shareholders


Ocr level 3 cambridge technicals in business

Business Environment

However both:

Oxfam and Tesco represent very different organisations operating in very different business environments.

Have strong core values and strategies which are paramount to their success

Operate within a business environment where global economic uncertainty can have a major impact

Are efficient and effective organisations that achieve their very different purposes


Ocr level 3 cambridge technicals in business

What will you learn?

After completing this unit you will:

Understand how businesses are organised to achieve their purposes

Know how political, legal and social factors impact on business

Know the range of different businesses and their ownership

Know the impact of the economic environment on businesses


Ocr level 3 cambridge technicals in business

Thank you for using

this OCR resource.

Other OCR resources are available

at www.ocr.org.uk

To give us feedback on, or ideas about, the OCR resources you have used e-mail [email protected]


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