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Report on Business and Business Environment of Nestle company

   

Added on  2020-06-03

15 Pages4921 Words87 Views
Business And BusinessEnvironment

INTRODUCTIONBusiness is defined as a firm which starts and operates by an individual with an aim ofmaximising wealth and profits in an effective manner. A person always comes up with specificideas and innovation for starting a new business and running it in an appropriate way so thatbetter outcomes can be achieved. Businesses are surrounded by various environmental factorsthat can affect its operations and activities in several ways. These forces depend onenvironmental changes which have major impacts on business functions. There are definedvarious types of businesses including public, private and voluntary etc. who have different natureand run business entities for generating more profits or revenues in an effective manner(Avramenko, 2012). Environmental factors have major impacts on the business productivity andprofitability that may not be controllable by manager as well. This report is based on Nestlewhich is a Swiss transnational food and drink company. It is headquartered in Vevey, Vaud,Switzerland. This assignment will define different types and purposes of organisation with size,scope and legal structures. Relationship with various organisation and identification of positiveor negative impacts on business will also be elucidated. It conducts internal and external analysisand explains strengths or weaknesses of macro factors. TASK 1(Covered in PPT)P1 Different types and purpose of organisations as public, private and voluntary with legalstructureEvery business firm has various natures and aims or objectives for operating entirefunctions in an effective manner. They also have some legal structure which depends on thenature of business. It is the most important duty of manager that to consider all these and followparticular legal requirements for operating business in an effective ways. It can be categorisedamong various firms such as public, private and voluntary etc. All these play a vital role inincreasing country's economy and support in fulfilling of different regulations in more efficientway. There are defined various types and purposes of different organisation with their legal structuresuch as:Private company:1

In this considered those businesses which starts and owned by an individual andundertaken in private ownership is called private company. They have rights to issue stocks andalso have shareholders. There are some limitations that they do not trade for public exchangessuch as Initial Public Offering (IPO), therefore private companies do not meet the Securities andExchange Commissions (SES) which generally strict to fulfil any requirements in publiccompanies. Nestle is world's largest confectionery brand that deals in several products such as foodsor drinks as well. It established in the year of 1866. They also provide number of goods andservices including medical and baby food, tea, coffee, dairy products, snacks and frozen foodsetc. Purpose of Nestle:To give the best quality of food items to the targeted audiences.They contribute to the national economy by serving better foods in the marketplace.To achieve predetermined goals or objectives including zero environmental effects.To improve the standard of living of society people by giving them healthy life.Legal structure of private company Partnership: This defines the formal agreement in which two or more individuals comeup with some necessary resources for the purpose of operating and managing the businessin successful manner. All partners have rights to equally share profits and they are liableto bear losses while running an organisation. On the other side, silent partners are thosewho do not take parts in any business functions. The purpose of partnership firms areincreasing profits and productivity to get better outcomes in an effective way. Sole Proprietorship: In these kinds of businesses, a single person takes responsibility tooperate or run an organisation. An individual is responsible to own as well as control bythem such known as sole trader. Owner has rights to take decisions and he or she alsofocuses on controlling over the business operations for the purpose of generating morerevenues or profits in an effective manner. In such kinds of businesses, the owner hasseparate legal distinctions. Limited companies: In this also found the separate legal entity which distinct ownersfrom them, it can be understood by undertaking different companies such as limited byshares and guarantees as well. Limited liability may be considered as those firms where2

owners and shareholders have limited liability for operating particular organisation whichextents of shares as well as capital. Advantages and disadvantages of private companies:Advantages DisadvantagesPrivate owners have totally freedom to controland maintain business activities in an effectivemanner.They have needed to consider an appropriatelegal requirementsOwners have some limited liabilities to run abusiness firm.There may be some difficulties to arrange andraise funds for organisation. Public organisationAs its name describes, the public companies provide various support to the peopleincluding education, military, police service, public transportations, health and safety etc. theseactivities and functions generally run by the government of the country. Government play majorrole in operating public organisations as they operate as well as control over the businessoperations. Their main aim is to provide social benefits and undertake people welfare duringrunning the organisation. National Health Services (NHS) is a public organisation that funded by publiclyregarding national healthcare systems in the UK. They are serving number of facilities orservices including medical, dental and optical care as well. Their main purpose is to improvepeople health and give them appropriates medical services so that they will satisfy their needs orwants as well as meet desired expectations. Purpose of NHS:Treats every individuals with better manner and provide effective services to them.The main purpose is to provide best medical or healthcare services for attainingbusiness goals.Legal structure of public company:Central government: In this define about state and central government who supervisethe particular department.State government: They focus on effective functions and contributes in agenciesactivities.3

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