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The Business Environment InTRODUCTION 3 TASK 13 1. Describing different stakeholders seeking to influence business activity and purpose

   

Added on  2020-01-28

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The Business Environment
The Business Environment InTRODUCTION 3 TASK 13 1. Describing different stakeholders seeking to influence business activity and purpose_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3ASSIGNMENT 1.............................................................................................................................3TASK 1............................................................................................................................................31. Describing contrasting businesses activity and purpose .......................................................3TASK 2............................................................................................................................................41. Describe different stakeholder influence the purpose of business of ASDA and Hilton hotel42. Different stakeholders seeking to influence the aim and objectives of firms..........................43. Evaluating influence that different stakeholders exert at ASDA ............................................4TASK 3............................................................................................................................................51. Comparing and contrasting the chosen firms...........................................................................5TASK 4 ...........................................................................................................................................51. Achieving aim and objectives..................................................................................................5ASSIGNMENT 2.............................................................................................................................6TASK 1 ...........................................................................................................................................61. Describe the influence of two contrasting economic environment on business activities.......62. Compare the challenges of business activities in two economic environments......................6TASK 2............................................................................................................................................71. Describing the way in which political, social and legal factors affect business activities.......72. Evaluating the way in which future changes in economic, political and social factor mayaffect the strategy of business......................................................................................................8CONCLUSION................................................................................................................................8REFERENCES ...............................................................................................................................9
The Business Environment InTRODUCTION 3 TASK 13 1. Describing different stakeholders seeking to influence business activity and purpose_2
INTRODUCTIONBusiness environment is a combination of internal and external factors that influence acompany's operating situation. In the present report, chosen organization is ASDA and it is oneof the largest retailers in UK. Reason behind the success of ASDA is their ability to create basicstructure of their own business. Report is based on the description of business activities andbusiness purpose to meet their aim and objectives. Further, in this report, impact of political andlegal factors on organization are studied.ASSIGNMENT 1TASK 11. Describing two contrasting businessesBusiness activities of ASDA are as follows:Marketing: Marketing is an ongoing daily activity by keeping the business name in frontof its customers. There are different types of marketing such as online, traditional,relationship, etc. Through online marketing, ASDA earns higher profits by makingcompany’s website of their business.Hiring employees: Hiring employees for organization is an important operation forfuture expansion (Adeoye and Elegunde, 2012). ASDA hires employees to sell theirproducts in the local and global market. Employees are important because they work alot for company to achieve specified goals.Purpose of ASDA is to ensure that all business activities are carried out efficiently. It isimportant to achieve the predetermined aim and objectives of company and increase marketdemand of their product. ASDA is basically private limited company. While, on the other hand,Hilton hotel is a public limited firm. Their key stakeholder are shareholders, business partner,employees, etc. Organization’s ownership is not shared by others because it is private limitedcompany.Business activities of Hilton hotel are as follows:Customer service: Hilton hotel’s main activity is to provide the best service to customersfor their satisfaction and to retain them. Company offers luxury room and free service totheir customers so that they would come again in their hotel.
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