P1, P2, P3, M1, M2, D1
P1-Explain the features of two contrasting businesses.
In this report, I will be analysing two contrasting businesses and their
features. The two contrasting businesses I have decided to analyse are
Greggs and Water Aid. The ownership type of Greggs is a public limited
company that operates internationally. A public limited company is a
company that is able to offer its shares to the public by being on the stock
exchange. Shareholders who buy shares into the company own Greggs.
One feature of a public limited company is that it is compulsory to have
limited after the company's name. Another feature is that it is easy for
them to raise finance. Water Aid is a not for profit organisation that
operates internationally. The ownership type of Water Aid is the trustees
of the organisation. A Trustee of an organisation is someone who acts as a
legal owner of the trust and is responsible for controlling any assets held
in the business. One feature of a not for profit organisation is to serve the
public and it benefits society. Another feature of a not for profit
organisation is they have major funds from people who donate and
contribute.
Greggs and Water Aid both have limited liability. For Greggs this means
that the shareholders will not lose more money than they invested. This is
also the same for the trustees of Water Aid.
Both Greggs and Water Aid supply products but they operate in different
sectors. Greggs is a want whereas Water Aid is a need for people who are
poor. One reason why Greggs is a want is that there is cheaper food
available elsewhere, for example Poundland. This is not the same for
Water Aid because Water Aid is a charity and it helps people. Greggs is a
profit organisation. Water Aid is a not for profit organisation
Greggs operates in the manufacturing, service sectors that are needed to
make the product, and I got this information from
https://corporate.greggs.co.uk/social-responsibility. Water Aid just
operates in the tertiary sector because it supplies products to people in
need and some of the products they provide they have not made from the
primary sector.
The scope of both Greggs and Water Aid is international. Greggs currently
has 2,009 stores according to https://en.wikipedia.org/wiki/Greggs and it I
found it out operates internationally through this article
, https://www.thetimes.co.uk/article/greggs-aims-to-bake-name-for-itself-
abroad-hbzf72kxp27. Water Aid does not have any stores but it operates
in 28 countries to provide clean water, decent toilets and good hygiene.
https://www.wateraid.org/uk/where-we-work
Greggs currently has 22,000 employees according to Wikipedia. Water Aid
currently has 178 employees and I found this information on Owler.
Success in the eyes of Greggs is to develop products in line with changing
food trends, making sure we strike the right balance between innovation
and tradition, nutrition and indulgence, value and values and will invest in
telling this story to our customer. It measures success by providing great
tasting freshly prepared food, best customer experience, competitive
supply chain and first class support teams. Success in the eyes of Water
Aid is a world where everyone has access to clean water and sanitation.
Greggs' idea of success may differ because there might be a boost of
sales for them because they might introduce something new on the menu.
This would be the same for Water Aid because they may get more
donations and their visions may change because they might change what
they provide with something else that will benefit people e.g. Houses.
https://corporate.greggs.co.uk/strategy/strategy-in-action
https://www.wateraid.org/uk/media/wateraid-releases-a-recipe-for-
success-to-help-end-the-global-malnutrition-crisis
P2-Explain how two contrasting businesses are influenced by
stakeholders.
In this report, I will be analysing and explaining the two businesses I have
chosen which are Greggs and Water Aid. A stakeholder is someone who
contributes towards the business eg. A customer is a stakeholder. An
internal stakeholder is someone who works inside the business. For
example in Greggs, a stakeholder is the staff because they make the food.
An external stakeholder is someone who is not working in the business
but they care about the business for example a supplier because if the
business is not performing the supplier will not make more money
because they are receiving fewer orders.
One reason how an internal stakeholder like a manager influences the
business is there will be increased engagement and this will increase
customer service. This happens because when there is engagement it
improves how you speak to the customers. This influences the business
P1-Explain the features of two contrasting businesses.
In this report, I will be analysing two contrasting businesses and their
features. The two contrasting businesses I have decided to analyse are
Greggs and Water Aid. The ownership type of Greggs is a public limited
company that operates internationally. A public limited company is a
company that is able to offer its shares to the public by being on the stock
exchange. Shareholders who buy shares into the company own Greggs.
One feature of a public limited company is that it is compulsory to have
limited after the company's name. Another feature is that it is easy for
them to raise finance. Water Aid is a not for profit organisation that
operates internationally. The ownership type of Water Aid is the trustees
of the organisation. A Trustee of an organisation is someone who acts as a
legal owner of the trust and is responsible for controlling any assets held
in the business. One feature of a not for profit organisation is to serve the
public and it benefits society. Another feature of a not for profit
organisation is they have major funds from people who donate and
contribute.
Greggs and Water Aid both have limited liability. For Greggs this means
that the shareholders will not lose more money than they invested. This is
also the same for the trustees of Water Aid.
Both Greggs and Water Aid supply products but they operate in different
sectors. Greggs is a want whereas Water Aid is a need for people who are
poor. One reason why Greggs is a want is that there is cheaper food
available elsewhere, for example Poundland. This is not the same for
Water Aid because Water Aid is a charity and it helps people. Greggs is a
profit organisation. Water Aid is a not for profit organisation
Greggs operates in the manufacturing, service sectors that are needed to
make the product, and I got this information from
https://corporate.greggs.co.uk/social-responsibility. Water Aid just
operates in the tertiary sector because it supplies products to people in
need and some of the products they provide they have not made from the
primary sector.
The scope of both Greggs and Water Aid is international. Greggs currently
has 2,009 stores according to https://en.wikipedia.org/wiki/Greggs and it I
found it out operates internationally through this article
, https://www.thetimes.co.uk/article/greggs-aims-to-bake-name-for-itself-
abroad-hbzf72kxp27. Water Aid does not have any stores but it operates
in 28 countries to provide clean water, decent toilets and good hygiene.
https://www.wateraid.org/uk/where-we-work
Greggs currently has 22,000 employees according to Wikipedia. Water Aid
currently has 178 employees and I found this information on Owler.
Success in the eyes of Greggs is to develop products in line with changing
food trends, making sure we strike the right balance between innovation
and tradition, nutrition and indulgence, value and values and will invest in
telling this story to our customer. It measures success by providing great
tasting freshly prepared food, best customer experience, competitive
supply chain and first class support teams. Success in the eyes of Water
Aid is a world where everyone has access to clean water and sanitation.
Greggs' idea of success may differ because there might be a boost of
sales for them because they might introduce something new on the menu.
This would be the same for Water Aid because they may get more
donations and their visions may change because they might change what
they provide with something else that will benefit people e.g. Houses.
https://corporate.greggs.co.uk/strategy/strategy-in-action
https://www.wateraid.org/uk/media/wateraid-releases-a-recipe-for-
success-to-help-end-the-global-malnutrition-crisis
P2-Explain how two contrasting businesses are influenced by
stakeholders.
In this report, I will be analysing and explaining the two businesses I have
chosen which are Greggs and Water Aid. A stakeholder is someone who
contributes towards the business eg. A customer is a stakeholder. An
internal stakeholder is someone who works inside the business. For
example in Greggs, a stakeholder is the staff because they make the food.
An external stakeholder is someone who is not working in the business
but they care about the business for example a supplier because if the
business is not performing the supplier will not make more money
because they are receiving fewer orders.
One reason how an internal stakeholder like a manager influences the
business is there will be increased engagement and this will increase
customer service. This happens because when there is engagement it
improves how you speak to the customers. This influences the business
