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What Influence Do Stakeholders Have On A Voluntary Sector

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The purpose of this article is to explain the influences that stakeholders have on a private sectors aims and objectives and on a voluntary sectors aims and objectives. Aims are broader and are achieved in the long run whereas objectives are more specific and are achieved in the short run. Objectives have to be SMART: Specific, Measurable, Achievable, Realistic, Time based. Private sector organisation: The main aim of a private sector organisation is to maximise its profits. The main objective is to reach the aim and they do this by having objectives such as; increasing sales revenue by 50% within the next 6 months, raising profit margins by 8% by the next two months. These objectives will give the business something to work forward to. …show more content…

The owners of Asda have an influence on the aims and objectives as they know everything about the business and what happens in the business so they set the business aims and objectives based on what they think is best for the business. .The suppliers of Asda influence its aims and objectives Voluntary sector organisation: The main aim of a voluntary sector organisation is to provide the help and support to an excellent level so people are satisfies. They are non-profitable so they do not want to maximise their profits like a private sector organisation would want to. The main objectives that voluntary sector organisations have would be to make more people aware of their organisation within a specific period of time. Aims of Oxfam are the following: o To relieve poverty, suffering and distress o To educate people about the nature, causes and effects of poverty o To campaign for a fairer world o To encourage western nations to supply aid to third world

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