OCR Level 3 Cambridge Technicals in Business 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. Oxfam continues to support relief for poverty via direct action projects all over the world, often in areas of severe deprivation. Two very different businesses These In 1919, initials, Jack Cohen along with ‘Co’ started fromselling Cohen, surplus gave Jack groceries the idea from forathe market name of stall hisinown the label East –End TESCO. 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. Oxfam The purpose of Oxfam is to help create lasting solutions to the injustice of poverty. Oxfam uses a combination of rightsbased sustainable development programs, public education, Fair Trade, campaigns, advocacy, and humanitarian assistance in disasters and conflicts. TESCO Tesco’s vision is to be: a modern and a growth innovative company company and winning locally, applying their skills globally most highly valued by the customers they serve, the communities in which they operate, their loyal and committed staff and their shareholders Business Environment Oxfam and Tesco are both major businesses, but are very different. Has no commercial or Oxfam International financial aims in itsis aAconfederation of 15 registered charity vision statement organisations A publicPerformance limited company is with Works primarily in the clear measured aims to grow by profit its position and retail sector in the revenue market levels place Business Environment Charity Relieve suffering of those in need Retail Sector No maximisation of profit No shareholders Income from donations Respond to worldwide emergencies/disasters Business Environment Growth Customer loyalty Fierce competition Maximise profits Customer preferences Customer satisfaction Value for money Retail Sector Public Limited Company Brand value Shareholders Business Environment However both: Oxfam and Tesco Have strong Operate within a business represent very different core values organisations operatingand strategies environment where Are efficient which are global economic in very different and effective paramount to uncertainty can business environments. organisations have a major impact their success that achieve their very different purposes What will you learn? After completing this unit you will: Know how political, legal and social factors impact on business Know the range of different businesses and their ownership Understand how businesses are organised to achieve their purposes Know the impact of the economic environment on businesses 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 resourcesfeedback@ocr.org.uk