Post on 17-Apr-2020
Duncanrig Secondary School
What do businesses do Recap
THINK-PAIR-SHARE
Copy and complete the table in your jotter. Identify as many businesses you can think of that produce goods and businesses that provide services.
Sell goods Provide services
SHOW ME BOARD
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A business organises people and resources to produce goods eg an Iphone and/or provide services eg a hairdresser. They do this to satisfy customer’s
needs and wants.
Many organisations sell goods or services in exchange for payment. However, others, such as charities provide their goods and services free of
charge to raise awareness for a specific cause.
Goods are tangible – this means they can be seen and handled.Services are intangible – this means they cannot be seen or handled.
Your teacher will now show you a video clip about what businesses is.
INDUSTRY
Primary
Secondary
Tertiary
Quaternary
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Remembering skills – With a partner use the show me board to identify examples of what a person needs to survive at the left hand side and examples of what a person wants on the right hand side.Question 1Understanding skills - Write in your own words the importance of meeting the needs and wants of the customer.
Question 2Analysing skills – Describe the difference between needs and wants.
Sectors of IndustryThere are four Sectors of Industry. The four sectors are defined according to the type of good or service produced.
PrimaryBusinesses in the Primary sector also known as extraction industries as they extract natural resources from land, sea or air. These are known as raw materials. Examples include:• Farmers - wheat, meat, fruit • Oil drilling - oil, gas• Foresters - wood
Secondary Businesses in the Secondary sector, also known as manufacturing industries, buy raw materials from the Primary sector businesses and make goods with them.
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Examples include:• Car manufacturers - cars• Construction - houses • Factories - clothes
TertiaryBusinesses in the Tertiary sector, also known as the service sector, provide a service. Examples include:• Hairdressers - hair cut• Dentist - check up• Mechanic - change a tyre
Quaternary Businesses in the Quaternary sector provide information services. This sector is sometimes included with the Tertiary sector, as they are both service sectors. Examples include:• ICT - Microsoft• Consultancy - KPMG• Social Media - Twitter
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THINK-PAIR-SHARE
Primary Secondary Tertiary Quaternary
Nurse
Phone Manufacturer
Hewlett-Packard (HP)
Personal Trainer
Coal Miner
Cabinet Maker
Fisherman
Copy and complete the table in your jotter.
Question 3
Understanding skills - Briefly outline, in your own words, the 4 sectors of industry.
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Sectors of Economy
Private
Public
Third/Voluntary
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THINK-PAD BRAINSTORMING Draw four columns in your jotter and write the headings Name of Business, Good/Service, Example and Sector of Industry (one in each column).
Individually brainstorm
Think of as many businesses in the local area and write the name of the business in the appropriate column
Identify whether they produce a good or provide a service Give an example of a good or a service that the business provides or produces
Once you have completed the individual task share your information with the group and add any businesses you didn’t think of to your jotter. Now…
Group brainstorm
Identify what Sector of Industry that business operates in (Primary, Secondary, Tertiary or Quaternary)
Types of Business Organisations
There are three Sectors of the Economy. Within each sector there are different types of businesses (small, medium and large) that provide a range of different goods and services.
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Private Sector
Businesses in the private sector include Sole Traders, Partnerships, Private Limited Companies and Public Limited Companies.
Businesses in the private sector all share the one main aim – to make as large a profit as possible (maximise profit). They can however, also aim to maximise market share or sales, expand/grow etc.
Public Sector
Businesses in the public sector include central government and local government.
The main purpose/aim of organisations in the public sector is to provide essential goods and services for the community or the country. This is to ensure all members of the public have equal access to essential services such as education, hospitals, police service etc. These organisations aim to ensure they provide a high quality good/service but they do not
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Private
Sole Traders
Partnerships
Private Limited
Companies
Public Limited Companies
PublicNational
Government
Local Government
Private Sector Businesses in East Kilbride Sole Trader – Diva’s Hair & Beauty
Partnership – Goldsmith & Hughes Solicitors
Private Limited – Arnold Clark
Public Limited – Marks & Spencer
Public Sector Businesses in the area National Government – UK
Parliament and Scottish Government
Local Government – South Lanarkshire Council
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aim to make a profit, although they should aim to break-even (ie not spend any more money than they receive).
Third/Voluntary Sector
Businesses in the voluntary sector include non-profit making organisations and social enterprises.
They are not owned by any one person and are usually set up for the purpose of providing funds or a service to a particular group of people. Voluntary organisations are normally funded by donations, fund raising or, in the case of sports clubs, membership fees.
THINK-PAIR-SHARE
Copy and complete the table in your jotter.
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Third/Voluntary
Non-profit Making
Organisations
Social Enterprises
Voluntary Sector Businesses in East Kilbride Non-profit making organisations – The
East Kilbride Eagles
Social Enterprises – Delivered Next Day Personally
Private Public Third/Voluntary
NHS
Arnold Clark
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Guides
Oxfam
Zucca’s
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Question 4
Applying skills – Copy and complete the sentence with the correct fact about each sector of the economy.
1. Businesses in the third/voluntary sector include
a. central government and local government.
b. non-profit making organisations and social enterprises.
2. South Lanarkshire Council is an example of
a. a private sector business in the local area.
b. a public sector business in the local area.8
Your teacher will now show you a video clip about different types of businesses.
Your teacher will now show you a video clip about what motivates someone to
start their own business.
Objectives
To survive - stay in business Maximise
profits - make as
much profit as possible
Provision of a service - provide
people with a high quality
service
Satisfy Customers
- make customers
happy
Social Responsibility -
not harming the
environmentTo grow - gain more customers
Make good use
of taxpayers’
money
Increase the number of donations
and volunteers
Provide support and
promote awareness for worthy causes
Keep to an agreed budget
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c. a third/voluntary sector business in the local area.
3. Businesses in the private sector all share the one main aim
a. which is to provide funds to a particular group of people.
b. which is to make as large a profit as possible (profit maximisation).
c. which is not to make a profit.2.3.
Business Objectives
An objective is something a business aims for – it’s a target or goal to be achieved.
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Maximise Profits Grow Survive
Satisfy Customer
s
Be socially responsible
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Private Sector
Organisations in the private sector aim to:
Public Sector
Organisations in the public sector aim to:
Third/Voluntary Sector
Organisations in the third/voluntary sector aim to:
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Provide a service
Keep to an agreed budget
Make good use of
taxpayers’ money
Provide support and
promote awareness for worthy causes
Increase the number of donations
Increase the number of volunteers
Most important objective: To satisfy customers
Why? Because if customers were not satisfied with the product or service they would not
return to the business
Impact on the business: This would result in
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SHOW ME BOARD
In your group use the show me board to identify the objective you believe is the most important to a Private Sector business. Explain why it is important to have this as a goal to be achieved and the impact on the business.
Example:
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Third/Voluntary Organisations
What is Social Enterprise
Social enterprises have a main social or environmental objective rather than to make profit for owners or shareholders but they are run in a business-like way.
Examples
At least half of the profit that they make must be re-invested into meeting their stated objective of the business. Social enterprises are incredibly diverse and creative, springing up in response to all kinds of social needs. The Government recognise the contribution they can make to social, economic and environmental wellbeing.
Advantages of Social Enterprises
Provides an opportunity for local people to gain employment Brings about a positive change to people and communities Profits are ploughed back into the organisation People have more ownership Gives the flexibility and freedom of being able to trade commercially whilst still
fulfilling social aims
Disadvantages of Social Enterprises
Have to compete in the commercial market and face the same challenges and risks common to all businesses
It will be expected to operate commercially, generating a proportion of its income from trading
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Social Bite, Glasgow – Case Study
We were inspired by the philosophy of a Nobel Peace Prize winning economist called Prof. Muhammad Yunus.
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Our founders Josh and Alice came across Prof. Yunus in 2011 when Josh started reading his book “Creating a World Without Poverty: Social Business and the Future of Capitalism”.In his book Yunus describes the idea of a ‘Social Business’, where he was creating businesses, but not for the traditional purpose of making money, but for solving social challenges. Josh and Alice became so inspired by this idea that they decided to fly to Bangladesh to meet with Yunus. They travelled to Dhaka in October 2011.In Bangladesh, they saw the various Social Businesses that Prof. Yunus had created first hand. They visited businesses that Yunus has set up that tackled social problems such as the financial exclusion of poor women, malnutrition of children and blindness of the poor. The efforts of this one man were literally changing the lives of tens of millions of people in his native Bangladesh. The experience Josh and Alice had in Bangladesh was life changing.They returned so inspired by Yunus’ vision of a broader economic system, where business could be about so much more than maximising profits, that they decided to sell their events business and risk everything they had to set up a Social Business. Social Bite was born.
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Social Bite, Glasgow – Research Task
Evaluating and ICT skills
Now that you know a little about Social Bite, you are going to investigate the business and prepare a PowerPoint with a partner. Be prepared to present your findings to the class.
Create a six slide PowerPoint, include the information below:
Slide 1 – Business Name and logo (remember to include your names on the first slide)Slide 2 – A brief history of Social BiteSlide 3 - Explain how Social Bite is a sandwich shop with a differenceSlide 4 - What is the Social Bite dream?Slide 5 - Where do Social Bite’s profits go and what projects are they involved in?Slide 6 - Where is the nearest Social Bite?
To ensure your PowerPoint looks professional you must:
o Apply a design templateo Include appropriate graphicso Ensure the information is in your own wordso Proof read your PowerPoint before presenting to check for any
mistakes
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Your teacher will now show you a video clip about Social Bite.
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Extension Task
Now that you know a little about Social Enterprises, you are going to investigate further and create a graffiti board on A3 paper.
Using the internet search for Social Enterprises in Scotland, on the graffiti board you must include:
The business name Their social or environmental aim Examples of recent projects the business has supported
Example
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