Types of Organisations and Business Concepts

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Organisation Types: Public

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Organisations owned and operated by the government to provide services to the public (e.g., NHS, public schools).

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Organisation Types: Private

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Businesses owned by individuals or groups, focused on profit generation (e.g., retail stores, tech companies).

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Organisation Types: Non-profit

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Organisations focused on social, educational, or charitable goals rather than profit (e.g., charities, NGOs).

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Stakeholders

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Individuals or groups who have an interest in the success and operations of a business, such as employees, customers, suppliers, and shareholders.

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Aims

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The long-term goals an organisation sets to guide its direction (e.g., improving community health, becoming market leader).

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Objectives

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Specific, measurable actions that help an organisation achieve its aims (e.g., increasing sales by 10% within a year).

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SMART Objectives

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Objectives that are Specific, Measurable, Achievable, Relevant, and Time-bound.

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PESTLE Analysis: Political

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Examines how government policies, regulations, and political stability affect business.

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PESTLE Analysis: Economic

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Considers factors like inflation, employment rates, and economic growth affecting business.

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PESTLE Analysis: Social

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Analyses societal trends, demographics, and cultural attitudes impacting business.