Assignment submission 1 FRONT SHEET Qualification BTEC Level 4 HND Diploma in Business and Business Environment

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ASSIGNMENT 1 FRONT SHEET
Qualification BTEC Level 4 HND Diploma in Business
Unit number and title Unit 1: Business and Business Environment
Submission date 17/06/2021 Date Received 1st submission
Re-submission Date Date Received 2nd submission
Student Name Lê Hoàng Ngọc Ánh Student ID GBS200365
Class GBS0907 Assessor name Phạm Minh Vũ
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I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism. I understand
that making a false declaration is a form of malpractice.
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P1 P2 P3 M1 M2

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TABLE OF CONTENTS
I. INTRODUCTION ................................................................................ 5
II. BODY .............................................................................................. 6
1. Differences between For – Profit, Non – Profit and Non – Government Organizations .. 6
a. For – Profit Organization .......................................................................................................6
b. Non – Profit Organization .....................................................................................................7
c. Non – Government Organization (NGOs) .............................................................................8
2. Legal Structures of Organizations .................................................................................. 10
a. The sole trader........................................................................................................................................ 10
b. Partnerships ............................................................................................................................................ 11
c. Limited Company ................................................................................................................................... 12
3. Private or State – owned Enterprise .............................................................................. 15
a. Private Enterprise .................................................................................................................................. 15
b. State – owned Enterprise .................................................................................................................... 16
4. Vision, Mission, Core Values .......................................................................................... 17
a. The Vision ...........................................................................................................................17
b. The Mission .........................................................................................................................17
c. The Core Value ....................................................................................................................17
5. Explanation the Organization Size and Scope ................................................................ 18
a. Organization Size ................................................................................................................18
b. Scope of Vinamilk ...............................................................................................................18
6. Level of Activity .............................................................................................................. 20
a. Primary Sector ....................................................................................................................20
b. Secondary Sector ................................................................................................................20
c. Tertiary Sector .....................................................................................................................20

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7. Relationships between various organizational functions .............................................. 21
a. Marketing Functions ...........................................................................................................21
b. Finance Functions ...............................................................................................................21
c. Human Resource Management ( HRM ) ..............................................................................21
d. An accounting department .................................................................................................22
e. Production and Operations Management ..........................................................................22
8. Organization Structure ................................................................................................... 23
a. Functional Structure ...........................................................................................................23
b. Divisional Structure ............................................................................................................24
c. Matrix Structure ..................................................................................................................24
d. Project – Based or Team - Based Structure .........................................................................24
e. Vinamilk Organization Structure.........................................................................................25
III. CONCLUSION: ............................................................................ 26
IV. REFERENCES: ............................................................................. 27

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I. INTRODUCTION
Vietnam Dairy Products Joint Stock Company, often known as Vinamilk, is a Vietnamese company that
manufactures and trades milk and dairy products, as well as related equipment and technology. Since its
founding in 1976, the company has grown to become the top dairy processing company in Vietnam, with a
35 percent market share. Vinamilk has established eight factories, one plant, and is now developing three
more factories, with a variety of products and Vinamilk supplies the market with a variety of products, after
more than 30 years of launching to consumers. The most diverse range of products, flavors, and packaging
possibilities.
Business name Vietnam Dairy Products JSC
Type Joint-stock company
Stock symbol HOSE: VNM
Industry Dairy products, juice
Founded 1976
Headquarters
10 Tan Trao, District 7
Ho Chi Minh City
Vietnam
Area serviced Worldwide
Key people Mai Kieu Lien - CEO
Products Liquid milk, condensed milk, powdered milk,
probiotic, yogurt, ice cream, soft drinks
Brands Vinamilk, Dielac, Susu, Vfresh, Ong Tho, Probi
Services General clinic, investing, real estate
Revenue
52.63 trillion VND (2018) ($2.2 billion)
51.135 trillion VND (2017) ($2.2 billion
Net income 10.278 trillion VND (2017)
Number of employees 6000 (2017)
website http://www.vinamilk.com.vn/
Source: Wiki

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II. BODY
1. Differences between For – Profit, Non – Profit and Non – Government Organizations
a. For – Profit Organization
A for-profit organization that focuses on a goal such as helping the community and is only concerned with
money to keep the organization operating, as opposed to a non-profit organization that focuses on a goal
such as helping the community and is only concerned with money to keep the organization operating.
(What is a for-profit organization? Examples - Market Business News, 2021) For example: Nestlé, FPT Corporation
Figure 1
Source (Nestle.com and FPT.com)
 Advantages: The ability to make money is perhaps the most evident benefit of a for-profit corporation.
Aside from financial advantages, for-profit business owners are their own employers. Moreover, Non –
profit organizations must be scrutinized by the Internal Revenue Service to ensure that they are working
toward their stated goals. While certain industries may be regulated by the government, for-profit
corporations as a whole are free to operate as they see fit as long as they follow the law.
 Disadvantage: A profit organization is one that is required to pay taxes on its earnings. Therefore, profit
organizations must face difficult decisions like whether to reinvest earnings in further expansion or
distribute them to shareholders in the form of dividend payments.