Similarities Between Sainsbury's And Oxfam

Stanmore Gazette

Newspaper Series Title: Business Watch

By: Dilpesh Patel

Date: Friday 26th September 2014

Article Title: Article 1: An investigation into organisations located in London from different sectors.

In this article I will be describing the purpose and ownership of my two chosen organisation, which are Sainsbury’s and Oxfam.

An aim is a long term goal that a business like Sainsbury’s may want to achieve during a long period of time. One of the main aims for Sainsbury’s is to make profit. This is when the revenue from sales exceeds the amount of costs a business has to pay. E.g. sales of groceries exceed costs of utility bills. Sainsbury’s would also like to try and uphold the award of being the number one retailer

This is because the costs and expenses created through business are spread over the population through things like taxes (VAT – Value Added Tax). There are many advantages of being a public limited company. Unlike sole traders, shareholders have limited liability, which means that they can only lose what they put into the business. Being a public limited company also means that you can raise larger amounts of capital in comparison to a private limited company (Ltd), as there is no limit to the amount of shares the public buy. The disadvantages may include factors such as: losing control of the business as there may be an increasing amount of shareholders externally, making it harder to agree on decisions to be made. You may also have to upload annual financial statements onto the internet for the public to see. This may lead to competitors viewing these documents, which may encourage them to use these documents as well as your sales strategies. Being a PLC means that shareholders would be liable for the debts created which means that they could lose the money they put into the

Their opposing interests maybe are dealing with employees that haven’t been treated fairly in the workplace. This type of conflict can be resolved by getting the employee to write a formal complaint form so that the situation is clearer. This will allow trade unions to resolve the matter more efficiently. According to the start-up nation (advisory website), the supplier interests are to make a profit through the sales of their stock supplies. However, their opposing interest could be when they go into partnership with organisation like Sainsbury’s Plc and not be able to make a profit. If this matter occurs it can be resolved by reporting it to trade unions.

Source Details Date Accessed Is this a valid/reliable source? Explain

BBC Bitesize http://www.bbc.co.uk/schools/gcsebitesize/business/environment/stakeholders1.shtml 21/09/2014 This is a reliable source and valid source as it help me to expand my knowledge of what a stakeholder is by providing with examples of stakeholders, which improve my general knowledge.

OSCR Scottish Charity Regulator http://www.oscr.org.uk/managing-your-charity/trustee-duties/ 25/09/2014 This source is trustworthy because the information is from a regulator. However some of the information is actually from trustees themselves making the information