Business Environment: Types of Organizations, Stakeholder Objectives, and Strategies

BUSINESS ENVIRONMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1 Different types of organization and its purposes...................................................................1
1.2 Extent to which Primark meets the objectives of different stakeholders...............................2
1.3 Responsibilities of organization and strategies to meet them................................................2
TASK 2............................................................................................................................................3
2.1 Different economic systems adopted by different countries to attempt to allocate resources
.....................................................................................................................................................3
2.2 Impact of fiscal and monetary policy....................................................................................4
2.3 Impact of competition policy on business activities..............................................................5
TASK 3............................................................................................................................................5
3.1 How pricing and output decisions of the company determines in distinctive market
structure.......................................................................................................................................5
3.2 What are ways through market forces can shape to business................................................7
3.3 How business and cultural environment can shape to Primark.............................................8
TASK 4............................................................................................................................................8
4.1 Significance of international trade in UK..............................................................................8
4.2 Impact of global factors on UK.............................................................................................9
4.3 Impact of different policies of EU.......................................................................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................13

INTRODUCTION
Every enterprise set their purpose according to their resource availability and formulation of
plan. Business environment consist purpose to achieve common goals and objectives of
the business. It determines process through company can ascertain profits and positive
results at workplace (Popovič, Hackney and Jaklič, 2014). In this way, different factors
are creates impact on the organisation performances which assist to make decisions
regarding business operations and outcomes. In this context, present report is based on
Primark which determines to achieve goals through policies and regulations. It is
subsidiary company of British food group in retail clothing.
For gaining insight knowledge of the company, present report covers objectives of
different stakeholder who are participated to achieve goals of the business. Furthermore, it also
involves functions of organisation environment who can take responsibilities through strategies
and purposes for comply legal regulations within the business environment. Moreover, it also
determines impact of fiscal and monetary policy on company performances.
TASK 1
1.1 Different types of organization and its purposes
Following are the purposes of different types of organization such as-
 Public sector- It involves the companies that is owned and operated by public. However,
such type of companies’ issues securities in the form of shares for general public and of-
ten them share in the stock of firm. Main purpose of public sector company is to earn
profits in order to share profits in the form of dividends with its shareholders. Primark
falls under such sector and deals in retail clothing in regard to provide wide range of
products or services to clients and attain satisfaction (Grublješič and Jaklič, 2015).
 Charity- It falls under non-profit company and does not operate its services in regard to
earn profits. Here, individual works in regard to fulfill the interest of society and not indi-
vidual interest. Thus, its main purpose is to serve the society as the whole and not earning
profits. Chilliness Organization of UK is a charitable firm and offers 24 hour help line
services for children who are facing poverty. Thus, such organization’s main purpose is
to safeguard the children from any type of danger. However, it also runs programs related
to child welfare, development etc (Kalfa and Taksa, 2015).
1