B2 Aims and Objectives
The Private Sector consists of all organisations run by private individuals and companies rather than by the government. usually to make a profit.
Typical private sector aims - Making profits, profit maximisation, break-even, survival, growth, market leadership
The public sector consists of all organisations set up and run by the government. Usually for the welfare of the citizens and to improve the economy.
Typical public sector aims - service provision, cost-control, value for money, service quality, meeting government standards
Not-for-profit organisations are set up and run by individuals or groups but without the intention to make a profit. They can generate revenue but any money left after costs is referred to as a surplus and used to further social causes.
Typical not-for-profit aims - Education, housing, alleviating poverty, healthcare
Aims and Objectives Case Study
Libby and Kat from The Splash Foundation discuss their aims and objectives
www.splashfoundation.org
