Introduction
In this assignment I will be researching and investigating what makes a business successful and how
they make themselves successful. I will do this by comparing and analysing two contrasting
businesses to see how each business is run, what their main purpose and what makes them more
successful or unsuccessful.
Initial Research
MacMillan Cancer
MacMillan Cancer is a private company with limited liability this means that when the type of
investment in which an investor or a partner cannot lose more than the amount that they have
invested in, therefore they are not responsible for paying any types of debts. It is a not for profit
business this means whatever money they make it is for them to survive but not make a profit, any
money made as a profit gets put back into the business for their own use. Their purpose is to provide
help and advice to people who have been diagnosed with cancer in order to prevent cancer. They
operate in the tertiary sector which means they are providing a service to people who need it. They
operate all over the UK which makes them a national company. MacMillan have over 250 members
of staff which makes them a large company or business.
Emmaus
Emmaus is an LTD which stand for Private Limited Company which has with it limited liability which
means that when the type of investment in which an investor or a partner cannot lose more than
the amount that they have invested in, therefore they are not responsible for paying any types of
debts. It is a not for profit business this means whatever they make it is for them to survive but not
make a profit, any money made as a profit that is made gets put back into the business. Their
purpose is to help get people off the street and get them back into housing with jobs to maintain
their position and so that they can get on life successfully. They operate in the tertiary sector by
providing reliable services to people, they are an international company as they operate in more
than one country and because of this they have more than 250 members of staff which makes them
a large company or a business and their aim is to reduce the amount of people being homeless.
Suffolk Mind
Suffolk Mind is an LTD which stands for Private Limited Company which has with it limited liability. It
is a not for profit business because they aim to make enough money to survive but not make a
profit, any money made gets put back into the business. Their purpose is to provide mental health
support for people in the local community and give them the best service available for them. They
operate in the tertiary sector which means they are providing services to people, they are based on a
local scale in Suffolk which suggests that they are a small company as they don’t have more than 50
members of staff that work for them. Their main aims is to make the mental health of the local
community better.
Help For Heroes (HFH)
HFH is a private company and it has with it is limited liability. It is a not for profit Business because
they aim to make enough money to survive but not make a profit, any money made gets put back
into the business. Their main purpose is to help provide better facilities and also accessories for
services men or women who were injured in the line of duty. They operate in the tertiary sector by
providing services to people, they are a national business as they operate in the whole of the UK.
,They operate in the tertiary sector which suggest that they are providing a service and equipment to
people. They are a large company or business as they have over 250 members of staff.
The Suffolk Food Hall (SFH)
The Suffolk food hall is a private limited company. Their main aim is to make a profit rather than a
loss. Their purpose is to provide high quality foods and products to its customers and be able to
satisfy them. They operate in the Tertiary sector. This is because as well as making some of their
food products they also buy in from smaller local companies; this is very important for the company.
They only have one store which is located under the Orwell bridge in Ipswich, making them a local
shop. They are also a medium company, this is because they have over 50 members of staff.
Poundland
Poundland is a private limited company, its main aim is to make a profit and advance their company.
Their purpose is to sell affordable products at a low price of £1 and other accessories for less than
£5. They operate in the tertiary sector as they don’t make their own products, only provide a service
to sell other companies products to customers or consumers. They have over 500 stores located
around the UK; this makes them a large company or business, overall they have 250 staff members
working for them.
Pandora
Pandora is a public limited company. Its main aim it to also make a profit and improve their products
and services provided to their customers. Their purpose is to provide high end jewellery to their
customers, they also provide a fitting and cleaning service on top of their sales. They operate in the
tertiary sector because they sell their products but they also operate in the secondary sector
because they design and create the products that they sell to their customers. They operate all over
the UK which makes them a national company, they also have over 250 members of staff which
makes them a large company.
Fred Olsen Travels
Fred Olsen Travel is a Public limited company which also stands for PLC. It aims to provide high
quality holiday sales and cruises to its customers; while making a profit for itself. They operate in the
tertiary sector by selling a service to its customers. They operate in multiple countries so they are an
international company and employ over 250 members of staff, making them a large company or
business.
Selection of two Business and why I have chosen them?
The two businesses that I have chosen is Marks and Spencer which is a retail business and Oxfam
which is a charity business. The reason why I have chosen these two businesses is because one is for
profit which is Marks and Spencer and not for profit which is Oxfam as they are a charity.
Features of a Business – P1
, Explaining the main features of a business?
The main features of a business is what type of ownership they operate in such as sole trader where
you are working by yourself, partnership where you have someone else working with you, public
limited companies and private limited companies. Another main feature of a business is that they
deal with the goods and the services. The goods can be the consumer goods such as milk, biscuits,
bread, clothes and shoes. Business also deals with services such as accounting, banking, transport
and repairing.
Businesses can be made up of primary, secondary, tertiary and quaternary sectors. The primary
sector is when you are harvesting products from Earth such as the raw materials which is then
processed and made as a product. The secondary sector is when you use the raw materials and
make them into products or manufacturing them such as bakers and factory workers. The tertiary
sector is when you are providing people with a service such as accounting, banking and transport.
The quaternary sector is the jobs within the hi-tech computerised industries such as web design and
data analysis.
A purpose of a business is the overall mission that the business wants to achieve over it’s life cycle.
For an example the purpose for a not-for-profit business would be to raise money for the course so
that it can therefore be reinvested. Another example for a purpose would be for a private limited
company as their main purpose would be to achieve high sales and profits by being able to reinvest
into the business by providing the product and service that the customers wants in order to achieve
their profits.
Another feature of business is their scope of activity. This defines whether a business is local,
national and also international. A local business means that a business that provides the goods or
services to a small or local population. A National business means that it is a type of business where
it operates within the borders of a country. An international business is where a business provides
good and services in multiple countries.
The size of a business defines how a big or small a business is. Micro businesses will only contain
having 9 staff members working for the business. The next is called small business where it will only
have up to 20. The next after small business is called Medium Business and this is where you will
have 49 staff members working for the business. The last one
The reasons why businesses will be very successful will determine what type of business they are as
in what types of goods and services they provide. The way a business will define themselves as
successful is assessing whether they have achieved their aims and objectives such as clarity of vision
and innovative products. This means that each business aims and objectives will be very different or
similar.
All businesses would need aims and objectives to define their purpose of the business which will
then identify how to achieve the aim, all aims has to be SMART. Every business must have a purpose
and also an outcome. An aim is where the business would want to go into its future. By creating aims
and objectives the business would know what to work towards and they would know what to focus
on. To have a successful business, the manager or employees would need a good clarity of vision.
The Clarity of vision means to have a clearly communicated vision of what is really needed to be
achieved in the long term for a business. Innovative products or processes is where innovative
products, or creative ways to go about a process, can lead to a business success.
Oxfam Main Features
In this assignment I will be researching and investigating what makes a business successful and how
they make themselves successful. I will do this by comparing and analysing two contrasting
businesses to see how each business is run, what their main purpose and what makes them more
successful or unsuccessful.
Initial Research
MacMillan Cancer
MacMillan Cancer is a private company with limited liability this means that when the type of
investment in which an investor or a partner cannot lose more than the amount that they have
invested in, therefore they are not responsible for paying any types of debts. It is a not for profit
business this means whatever money they make it is for them to survive but not make a profit, any
money made as a profit gets put back into the business for their own use. Their purpose is to provide
help and advice to people who have been diagnosed with cancer in order to prevent cancer. They
operate in the tertiary sector which means they are providing a service to people who need it. They
operate all over the UK which makes them a national company. MacMillan have over 250 members
of staff which makes them a large company or business.
Emmaus
Emmaus is an LTD which stand for Private Limited Company which has with it limited liability which
means that when the type of investment in which an investor or a partner cannot lose more than
the amount that they have invested in, therefore they are not responsible for paying any types of
debts. It is a not for profit business this means whatever they make it is for them to survive but not
make a profit, any money made as a profit that is made gets put back into the business. Their
purpose is to help get people off the street and get them back into housing with jobs to maintain
their position and so that they can get on life successfully. They operate in the tertiary sector by
providing reliable services to people, they are an international company as they operate in more
than one country and because of this they have more than 250 members of staff which makes them
a large company or a business and their aim is to reduce the amount of people being homeless.
Suffolk Mind
Suffolk Mind is an LTD which stands for Private Limited Company which has with it limited liability. It
is a not for profit business because they aim to make enough money to survive but not make a
profit, any money made gets put back into the business. Their purpose is to provide mental health
support for people in the local community and give them the best service available for them. They
operate in the tertiary sector which means they are providing services to people, they are based on a
local scale in Suffolk which suggests that they are a small company as they don’t have more than 50
members of staff that work for them. Their main aims is to make the mental health of the local
community better.
Help For Heroes (HFH)
HFH is a private company and it has with it is limited liability. It is a not for profit Business because
they aim to make enough money to survive but not make a profit, any money made gets put back
into the business. Their main purpose is to help provide better facilities and also accessories for
services men or women who were injured in the line of duty. They operate in the tertiary sector by
providing services to people, they are a national business as they operate in the whole of the UK.
,They operate in the tertiary sector which suggest that they are providing a service and equipment to
people. They are a large company or business as they have over 250 members of staff.
The Suffolk Food Hall (SFH)
The Suffolk food hall is a private limited company. Their main aim is to make a profit rather than a
loss. Their purpose is to provide high quality foods and products to its customers and be able to
satisfy them. They operate in the Tertiary sector. This is because as well as making some of their
food products they also buy in from smaller local companies; this is very important for the company.
They only have one store which is located under the Orwell bridge in Ipswich, making them a local
shop. They are also a medium company, this is because they have over 50 members of staff.
Poundland
Poundland is a private limited company, its main aim is to make a profit and advance their company.
Their purpose is to sell affordable products at a low price of £1 and other accessories for less than
£5. They operate in the tertiary sector as they don’t make their own products, only provide a service
to sell other companies products to customers or consumers. They have over 500 stores located
around the UK; this makes them a large company or business, overall they have 250 staff members
working for them.
Pandora
Pandora is a public limited company. Its main aim it to also make a profit and improve their products
and services provided to their customers. Their purpose is to provide high end jewellery to their
customers, they also provide a fitting and cleaning service on top of their sales. They operate in the
tertiary sector because they sell their products but they also operate in the secondary sector
because they design and create the products that they sell to their customers. They operate all over
the UK which makes them a national company, they also have over 250 members of staff which
makes them a large company.
Fred Olsen Travels
Fred Olsen Travel is a Public limited company which also stands for PLC. It aims to provide high
quality holiday sales and cruises to its customers; while making a profit for itself. They operate in the
tertiary sector by selling a service to its customers. They operate in multiple countries so they are an
international company and employ over 250 members of staff, making them a large company or
business.
Selection of two Business and why I have chosen them?
The two businesses that I have chosen is Marks and Spencer which is a retail business and Oxfam
which is a charity business. The reason why I have chosen these two businesses is because one is for
profit which is Marks and Spencer and not for profit which is Oxfam as they are a charity.
Features of a Business – P1
, Explaining the main features of a business?
The main features of a business is what type of ownership they operate in such as sole trader where
you are working by yourself, partnership where you have someone else working with you, public
limited companies and private limited companies. Another main feature of a business is that they
deal with the goods and the services. The goods can be the consumer goods such as milk, biscuits,
bread, clothes and shoes. Business also deals with services such as accounting, banking, transport
and repairing.
Businesses can be made up of primary, secondary, tertiary and quaternary sectors. The primary
sector is when you are harvesting products from Earth such as the raw materials which is then
processed and made as a product. The secondary sector is when you use the raw materials and
make them into products or manufacturing them such as bakers and factory workers. The tertiary
sector is when you are providing people with a service such as accounting, banking and transport.
The quaternary sector is the jobs within the hi-tech computerised industries such as web design and
data analysis.
A purpose of a business is the overall mission that the business wants to achieve over it’s life cycle.
For an example the purpose for a not-for-profit business would be to raise money for the course so
that it can therefore be reinvested. Another example for a purpose would be for a private limited
company as their main purpose would be to achieve high sales and profits by being able to reinvest
into the business by providing the product and service that the customers wants in order to achieve
their profits.
Another feature of business is their scope of activity. This defines whether a business is local,
national and also international. A local business means that a business that provides the goods or
services to a small or local population. A National business means that it is a type of business where
it operates within the borders of a country. An international business is where a business provides
good and services in multiple countries.
The size of a business defines how a big or small a business is. Micro businesses will only contain
having 9 staff members working for the business. The next is called small business where it will only
have up to 20. The next after small business is called Medium Business and this is where you will
have 49 staff members working for the business. The last one
The reasons why businesses will be very successful will determine what type of business they are as
in what types of goods and services they provide. The way a business will define themselves as
successful is assessing whether they have achieved their aims and objectives such as clarity of vision
and innovative products. This means that each business aims and objectives will be very different or
similar.
All businesses would need aims and objectives to define their purpose of the business which will
then identify how to achieve the aim, all aims has to be SMART. Every business must have a purpose
and also an outcome. An aim is where the business would want to go into its future. By creating aims
and objectives the business would know what to work towards and they would know what to focus
on. To have a successful business, the manager or employees would need a good clarity of vision.
The Clarity of vision means to have a clearly communicated vision of what is really needed to be
achieved in the long term for a business. Innovative products or processes is where innovative
products, or creative ways to go about a process, can lead to a business success.
Oxfam Main Features
