Ask a question from expert

Ask now

Impact of market structures on Iceland Supermarket 7 TASK 11

17 Pages5900 Words366 Views
   

Added on  2020-01-15

About This Document

Business Environment TABLE OF CONTENTS INTRODUCTION 1 TASK 11 1.1 Purposes of organizations 1 1.2 Extent to which organization meets objectives of stakeholders2 1.3 Various responsibilities of an organization and strategies employees to meet them4 TASK 25 2.1 Different types of economic systems 5 2.2 Impact of fiscal and monetary policy on organization 6 2.3 Impact of competition policy and other regulatory mechanism on Iceland Supermarket 7 TASK 38 3.1 Impact of market structures on pricing and output decisions 8 3.2 Way in which market forces shape Iceland

Impact of market structures on Iceland Supermarket 7 TASK 11

   Added on 2020-01-15

BookmarkShareRelated Documents
Business Environment
Impact of market structures on Iceland Supermarket 7 TASK 11_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Purposes of organizations.................................................................................................11.2 Extent to which organization meets objectives of stakeholders.......................................21.3 Various responsibilities of an organization and strategies employees to meet them.......4TASK 2............................................................................................................................................52.1 Different types of economic systems...............................................................................52.2 Impact of fiscal and monetary policy on organization.....................................................62.3 Impact of competition policy and other regulatory mechanism on Iceland Supermarket7TASK 3............................................................................................................................................83.1 Impact of market structures on pricing and output decisions...........................................83.2 Way in which market forces shape Iceland supermarket responses.................................93.3 Impact of business and cultural environment.................................................................10TASK 4..........................................................................................................................................114.1 Significance of International trade.................................................................................114.2 Impact of global factors..................................................................................................114.3 Impact of European Union policies................................................................................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
Impact of market structures on Iceland Supermarket 7 TASK 11_2
INTRODUCTIONOrganization functions are influenced by external and internal factors. It’s working andoperations are affected with fluctuations and changes occurring in outside scenario. Eachbusiness entity caters to consolidate larger stream of customers by providing them with optimumlevel of services. Turbulence in market demands that organization is well versed with the way tohandle the effect of these factors by the use of effective strategies and methods. Political factorssuch as policies framed by Government, economic situations, legal aspects, social structure andtechnological advancements affects its working are referred as external factors. Further, internalfactors such as customer preferences, employees related issues; coordination with suppliers,mergers and acquisitions plays a vital role in framing policies and strategies. Report is preparedto elucidate the overall scenario of the organization. For that purpose, British Airways is takeninto account. Report throws light on the operation of organization in order to accomplish itsvision, mission and objectives.TASK 11.1 Purposes of organizationsOn the basis of ownership and vision as well as mission statements, purposes of differentorganization vary.Iceland SupermarketsType of organization: Private companyIceland supermarket is the British supermarket chain that sells frozen food, dry goods, diary andother non-frozen goods (Aula, 2010). It is a privately owned company head-quartered at Waleshaving significant share of 1.8% in UK food market. Private company functions under the soleproprietorship or in partnership. Their aim widen customer base and maximizes profitability byproviding good customer service and quality products.KFCType of organization: Subsidiary companyKentucky fried chicken is the largest fast food fried chicken chain in the world. It is thesubsidiary company of Yum brand. Subsidiary of an organization function under the control ofparent company to comply with the taxation, regulation and liability. Aim of KFC is to provide3
Impact of market structures on Iceland Supermarket 7 TASK 11_3
quality fast food by creating fast, friendly environment keeping the prices economical (Aterido,Hallward-Driemeier and Pagés, 2011).Transport for London (TFL)Type of organization: Public BodyTransport for London is a government body that manages traffic system of London and framesstrategies to improve structure to provide better passage to countrymen (Aula, 2010). Along withGovernment and other legislative bodies there are many organization which functions under thecontrol of government with any shareholders to improve living conditions of people. Powers ofthese organizations are defined by the act of parliament. They are created to provide publicservices in different sectors.Cancer ResearchType of organization: Voluntary organizationCancer research is a voluntary organization which works for prevention, diagnosis, treatment andcure. It is a charitable organization in which research activities are carried out at all the centersthroughout nation. It is world's largest independent cancer research institute that caters inreducing the number of deaths of cancer patients by providing information about it and runningcampaigns (Björklund, 2011). Charitable organizations are funded by public, government bodiesor private organizations.1.2 Extent to which organization meets objectives of stakeholdersNo organization functions in isolation. It works under influence of different stakeholders.Stakeholders are those entities which are directly or in directly linked with the working oforganization. Some way or the other way they support management of organization toaccomplish their goals and achieve short term or long term objectives. Major stakeholders thatsignificantly affect working and strategic formulation are their customers, employees and staffmembers, their suppliers and Government bodies.Customers: Iceland supermarket since its establishment has been committed to providethe best quality of food to their customers. They always ensure safe, healthy and ethicallysourced food (Budhwar and Debrah, 2013). Realizing the importance of healthy food,organization always focuses on freshness along with the health value. Pioneered theelimination of preservatives and artificial colors in food to retain the nutritional valuealong with the flavor. All the components of operations are taken care such as the4
Impact of market structures on Iceland Supermarket 7 TASK 11_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Purposes of Different Organization | Iceland Supermarkets
|13
|4181
|279

Business Environment Report - Iceland Supermarket
|17
|6131
|188

Unit 1 Business Environment Assignment Iceland Supermarket
|16
|4972
|112

The Case of Iceland Supermarket | Report
|16
|5127
|39

Business Environment - Iceland Supermarket Assignment
|14
|4949
|101

The Impact of Fiscal and Monetary Policies | Repot
|15
|5018
|192