Railtrack Case Study

1
Railtrack Case Study

• How have each of the stakeholders
• been affected
• Shareholders major losers
• Managers and employees
• Rail Passengers
• Contractors doing Railtracks work
• The Government
• The Train operating companies

2
Re-Cap the Three Rs

• What is a business ?
• What are the 3 Rs ?
• Write down 3 Rewards of having your own business
  ?
• What is a non-monetary reward ?
• What is a monetary risk of having your own small
  business ?
• Name three stakeholders what interest do they
  have in the business ?

3
Needs and Wants

• What is the difference between a
• Want and a Need ?
• Businesses exist to make a profit by providing
  things people need or want
• Needs are things people must have to survive
• Think of some
• Food, drink, warmth, clothes etc

4
Needs and Wants
CDs, Holidays
Food, Water, Shelter, Warmth,Clothes
Bigger House
Two Cars
5
Wants

• Wants are things that we would like but dont
  need to survive holidays, computers, DVD player
  etc
• Businesses supply products to satisfy those wants
• People want more and more all of the time giving
  businesses more opportunities to supply products

6
Activity

• Page 4 Arriva plc
• Read and answer questions