Business National BTEC
UNIT 1: Exploring Business
Exemplar 1
Task E
Business Assessment 1
P1 - Explain the features of two contrasting businesses.
Introduction: In this assignment, I am going to be analyzing two
contrasting business and their features and the businesses that I have
chosen are McLaren Group which is a privately owned high-technology
british conglomerate based in Woking, UK and Book Aid International
which is an educational support charity organization based in
Camberwell, London, UK.
McLaren Group a privately owned manufacturing company founded in
1963 and since has built on its successful racing expertise and
diversified to include a global, high-performance sports car
business.They are known for their luxurious supercars. They have
managed to secure a position as one of the world’s most illustrious high-
technology brands and also McLaren is the second-most-winning
Formula One Grand Prix constructor, with 182 wins. McLaren Group
specializes in racing, automotive, marketing, applied technologies,
electronic systems, licensing & merchandising.They have five different
series of cars with different price tags; new gt , sports series, super
series, ultimate series and legacy. Within these series there are also
different models of supercars. The targeted market of this business is a
niche market as only limited people can afford to buy this luxurious
supercar. In Spite of the high price, the sales of this business is
increasing every year. They sold 4829 new cars last year, representing
a 43.9% jump from the 3340 cars sold in 2017 and made revenue of
£1.1billion.
Purpose
,Business National BTEC
UNIT 1: Exploring Business
Exemplar 1
Task E
Built on the experience and knowledge gained from building some of the
most successful Formula 1 cars on the planet, McLaren Group exists for
one purpose that is to set the benchmark in the high-performance sports
car market and continuously surpass it.
Mission
McLaren Group's mission is to become one of the best valued supercar
company exceeding customers needs and make a good reputation in the
market.
Ownership
McLaren Group is a private limited company so its shares cannot be
bought by the general public. As it is a private limited company profits
have to be shared and also
losses have to be beared by the shareholders who are also the owners.
Limited liability and so has separate legal entity and thus does not affect
their personal property but may lose value of the shares.
Scope of business activity
McLaren Group is one of the biggest super car automobile
manufacturers in the UK and also in the whole world, meaning that it is
working on an international level. It has 22 showrooms and more than
80 dealerships around the globe providing those goods to the limited
customers.
,Business National BTEC
UNIT 1: Exploring Business
Exemplar 1
Task E
Book Aid International is the UK’s leading international book
donation and library development charity. It was founded in 1954
by The Rt Hon. Hermione. Book Aid International supports readers
from all walks of life in 25 countries.This charity works in close
partnership with many libraries and also helps libraries in
underdeveloped countries to develop their services through its
library support projects and programmes. They conduct different
campaigns, raises funds to support those children around the
world. All the funds go under the charity's name and are used to
provide resources and materials to unfortunate people, especially
children. Every year the charity sends around one million new
books to public and community libraries as well as libraries in
prisons, refugee camps, hospitals, schools and universities.
Purpose
,Business National BTEC
UNIT 1: Exploring Business
Exemplar 1
Task E
As an educational support charity trust, the purpose of Book Aid
International is to provide books, necessary resources and materials and
training to less fortunate children around the globe and support an
environment in which reading for pleasure, study and lifelong learning
can flourish.
Mission
Their vision and mission is a world where everyone has access to books
that will enrich, improve and change the lives of less unfortunate children
and the mission is to provide books, resources to different
underdeveloped countries, mostly african countries.
Ownership
There is no owner but the decisions are made by the trust, Lord Paul
Boateng.
Conclusion
I would like to conclude that these two contrasting businesses have
their own purpose, mission and scope as the background of the
business are completely different. One is a private limited company and
the other one is a non-profit organisation.
Reference
McLaren Group
https://www.mclaren.com/group/
https://en.wikipedia.org/wiki/McLaren_Group
https://beta.companieshouse.gov.uk/company/10720174
Book Aid International
https://bookaid.org/?
gclid=CjwKCAiAqqTuBRBAEiwA7B66hSGXYKD5V5oGlJBDRHCgRXur
ksX-8--qLzTueWlG7FALx_w5bcbxfxoCw7EQAvD_BwE
https://en.wikipedia.org/wiki/Book_Aid_International
https://beta.companieshouse.gov.uk/company/00880754
P2 Explain how two contrasting businesses are influenced by
stakeholders.
, Business National BTEC
UNIT 1: Exploring Business
Exemplar 1
Task E
Introduction: In this assignment, I will be talking about how two
contrasting businesses McLaren Group and Book Aid International
are influenced by stakeholders. First, I will explain what a stakeholder is
and then the different stakeholders influencing the two chosen
businesses and at last I will draw a conclusion.
Stakeholder is a party that has an interest in a company and can either
affect or be affected by the business. There are different types of
stakeholders in a business who influence the business internally and
externally and they are owners, creditors, shareholders, employees,
customers, suppliers, local community, governments, etc. An advantage
of a stakeholder is that it can provide valuable input which can help to
improve outcomes and build consensus.
Both of the chosen businesses are influenced by some key stakeholders
and they are listed below:
Owners
Owners are those who owns the company and they have the most
time and money invested in the business. Owners are internal
stakeholders as they work internally and have a direct influence on
the aims and objectives of a business and can influence it to make
higher profits through expansion or growth of the business.
McLaren Group is a privately owned company and the owners of
this company are Mumtalakat Holding Company with
56.40%,Mansour ojjeh with 24.32%, Michael Latifi with 9.84% and
other minority shareholders with remaining 19.44%. They are
directly involved in decision making of the company and if the
company makes profit they share the profits between them and if
it's at a loss they have to bear the loss. On the other hand Book
Aid International is a charity trust and there is no particular
owner in this business but the decisions are made by the board of
trustees ensuring everything goes well. And also the company
cannot continue its work without the help of other supporters as
funds are collected from different supporters and sponsors like
savoo, pearson, afren, macmillan, etc who helps this business to
run.
UNIT 1: Exploring Business
Exemplar 1
Task E
Business Assessment 1
P1 - Explain the features of two contrasting businesses.
Introduction: In this assignment, I am going to be analyzing two
contrasting business and their features and the businesses that I have
chosen are McLaren Group which is a privately owned high-technology
british conglomerate based in Woking, UK and Book Aid International
which is an educational support charity organization based in
Camberwell, London, UK.
McLaren Group a privately owned manufacturing company founded in
1963 and since has built on its successful racing expertise and
diversified to include a global, high-performance sports car
business.They are known for their luxurious supercars. They have
managed to secure a position as one of the world’s most illustrious high-
technology brands and also McLaren is the second-most-winning
Formula One Grand Prix constructor, with 182 wins. McLaren Group
specializes in racing, automotive, marketing, applied technologies,
electronic systems, licensing & merchandising.They have five different
series of cars with different price tags; new gt , sports series, super
series, ultimate series and legacy. Within these series there are also
different models of supercars. The targeted market of this business is a
niche market as only limited people can afford to buy this luxurious
supercar. In Spite of the high price, the sales of this business is
increasing every year. They sold 4829 new cars last year, representing
a 43.9% jump from the 3340 cars sold in 2017 and made revenue of
£1.1billion.
Purpose
,Business National BTEC
UNIT 1: Exploring Business
Exemplar 1
Task E
Built on the experience and knowledge gained from building some of the
most successful Formula 1 cars on the planet, McLaren Group exists for
one purpose that is to set the benchmark in the high-performance sports
car market and continuously surpass it.
Mission
McLaren Group's mission is to become one of the best valued supercar
company exceeding customers needs and make a good reputation in the
market.
Ownership
McLaren Group is a private limited company so its shares cannot be
bought by the general public. As it is a private limited company profits
have to be shared and also
losses have to be beared by the shareholders who are also the owners.
Limited liability and so has separate legal entity and thus does not affect
their personal property but may lose value of the shares.
Scope of business activity
McLaren Group is one of the biggest super car automobile
manufacturers in the UK and also in the whole world, meaning that it is
working on an international level. It has 22 showrooms and more than
80 dealerships around the globe providing those goods to the limited
customers.
,Business National BTEC
UNIT 1: Exploring Business
Exemplar 1
Task E
Book Aid International is the UK’s leading international book
donation and library development charity. It was founded in 1954
by The Rt Hon. Hermione. Book Aid International supports readers
from all walks of life in 25 countries.This charity works in close
partnership with many libraries and also helps libraries in
underdeveloped countries to develop their services through its
library support projects and programmes. They conduct different
campaigns, raises funds to support those children around the
world. All the funds go under the charity's name and are used to
provide resources and materials to unfortunate people, especially
children. Every year the charity sends around one million new
books to public and community libraries as well as libraries in
prisons, refugee camps, hospitals, schools and universities.
Purpose
,Business National BTEC
UNIT 1: Exploring Business
Exemplar 1
Task E
As an educational support charity trust, the purpose of Book Aid
International is to provide books, necessary resources and materials and
training to less fortunate children around the globe and support an
environment in which reading for pleasure, study and lifelong learning
can flourish.
Mission
Their vision and mission is a world where everyone has access to books
that will enrich, improve and change the lives of less unfortunate children
and the mission is to provide books, resources to different
underdeveloped countries, mostly african countries.
Ownership
There is no owner but the decisions are made by the trust, Lord Paul
Boateng.
Conclusion
I would like to conclude that these two contrasting businesses have
their own purpose, mission and scope as the background of the
business are completely different. One is a private limited company and
the other one is a non-profit organisation.
Reference
McLaren Group
https://www.mclaren.com/group/
https://en.wikipedia.org/wiki/McLaren_Group
https://beta.companieshouse.gov.uk/company/10720174
Book Aid International
https://bookaid.org/?
gclid=CjwKCAiAqqTuBRBAEiwA7B66hSGXYKD5V5oGlJBDRHCgRXur
ksX-8--qLzTueWlG7FALx_w5bcbxfxoCw7EQAvD_BwE
https://en.wikipedia.org/wiki/Book_Aid_International
https://beta.companieshouse.gov.uk/company/00880754
P2 Explain how two contrasting businesses are influenced by
stakeholders.
, Business National BTEC
UNIT 1: Exploring Business
Exemplar 1
Task E
Introduction: In this assignment, I will be talking about how two
contrasting businesses McLaren Group and Book Aid International
are influenced by stakeholders. First, I will explain what a stakeholder is
and then the different stakeholders influencing the two chosen
businesses and at last I will draw a conclusion.
Stakeholder is a party that has an interest in a company and can either
affect or be affected by the business. There are different types of
stakeholders in a business who influence the business internally and
externally and they are owners, creditors, shareholders, employees,
customers, suppliers, local community, governments, etc. An advantage
of a stakeholder is that it can provide valuable input which can help to
improve outcomes and build consensus.
Both of the chosen businesses are influenced by some key stakeholders
and they are listed below:
Owners
Owners are those who owns the company and they have the most
time and money invested in the business. Owners are internal
stakeholders as they work internally and have a direct influence on
the aims and objectives of a business and can influence it to make
higher profits through expansion or growth of the business.
McLaren Group is a privately owned company and the owners of
this company are Mumtalakat Holding Company with
56.40%,Mansour ojjeh with 24.32%, Michael Latifi with 9.84% and
other minority shareholders with remaining 19.44%. They are
directly involved in decision making of the company and if the
company makes profit they share the profits between them and if
it's at a loss they have to bear the loss. On the other hand Book
Aid International is a charity trust and there is no particular
owner in this business but the decisions are made by the board of
trustees ensuring everything goes well. And also the company
cannot continue its work without the help of other supporters as
funds are collected from different supporters and sponsors like
savoo, pearson, afren, macmillan, etc who helps this business to
run.
