Business and the Business Environment - Assignment Sample
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Added on 2021-07-01
Business and the Business Environment - Assignment Sample
Added on 2021-07-01
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BUSINESS AND THE BUSINESS ENVIRONMENT TO: MS SINGH, THE STRATEGIC MANAGER FROM: ISABELLE BAHATIThe term Business, simply means an occupation, trade or is a commercial activity which involves providing goods or services in exchange for profits. [ CITATION Aas21 \l 1033 ] An organization is the process of identifying and grouping work to be performed, defining and delegating responsibility and authority and establishing relationships for the purpose of enabling people to work most effectively together in accomplishing objectives.Business Environment involves the climate or set of conditions, economic, social, political or institutional in which business operations are Conducted. [ CITATION MWe \l 1033 ]Types and the purposes of organization;1.Public sector organizations.Its operated and owned by the Government for the people of the state. Source of funding for this sector usually raised through public taxes, fee and through financial transfer from centralgovernment to local government. Such corporations are autonomous bodies under the law. They have full organizational and financial control over the commercial activity that they deal in. Examples of public sectors organizations are; National health service, it includes central government, state government as well as local government bodies.Purpose: is to work for the benefits of public and help them live a better life. NHS provide their free services or less expensive treatment to their patients so they can get the better life by curing their diseases. Their objective is to increase their services so more patient can get the opportunity to get treatment from the best doctors.2.Private Sector organizations.They are operated and owned by the private individual instead of government and usually aimed to make profit for its shareholders. Around the world the most business activities are in private sectors. Some of the well-known private sectors organizations; UNILEVER, Coca-Cola, Google and Amazon. They are an integral part of the country’s economic system whichis owned by private individuals and groups thereby running operations for making profit.
Purpose: to earn higher revenue or profit and satisfy the customers with their services to earn their interest and loyalty.3.Voluntary sector organizations.They include those bodies that carry out social activities undertaken especially by some specified not for profit organizations which are also non-governmental in nature. Being compromised of various organizations, there sole purpose lies in providing benefits and enriching the society at large without any return for profit. They further create social wealth and help in the improvement of the society.Purpose: to help the public without any self-interest. They provide their services to protect the rights of the public and help them to live and better livelihood.Legal business structures and their purposes;a)Sole proprietorship- has only one owner who handles most of the day-to-day operation, according to the U.S. The owner of a sole proprietorship keeps all of the business’s assets and profits, but also takes on all its debts and legal responsibilities.[ CITATION Rus \l 1033 ]Purpose: To earn the maximum profits while bearing all the risk for it.b)Partnership- It’s Voluntary association of two or more persons as co-owners in a business for profit. [ CITATION Art11 \l 1033 ]there two types of partnership;i.Limited Liability Company can have two or more owners referred to as members.ii.Limited liability partnership is where owners aren’t held personally responsible for the business’s debts or other partner’s actions.[ CITATION Mar202 \l 1033 ]Purpose: To protect the owner’s investment in the company, govern how the company will be managed, clearly define the rights and obligations of the partnersand determine the rules of engagement should a disagreement arise among the parties.
c)Corporation- It’s a legal entity that is separate and distinct from its owners.[ CITATION Jan21 \l 1033 ]Purpose: To conduct a lawful, ethical, profitable and sustainable business in order to create value over the long-term, which requires consideration of the stakeholders that are critical to its success.Different classification of companies;[ CITATION Sub20 \l 1033 ]I.Private Companies- Private companies are those where they restrict freetransferability of shares. In terms of members, private companies need to have a minimum of 2 and amaximumof 200.II.Public companies- public companies allow their members to freelytransfer their shares to others. Secondly, they need to have a minimum of 7 members, but the maximum number of members they can have is unlimited. Size and scope of a range of different types of organizations;[ CITATION www9 \l 1033 ]Unilever Ltd company It is a British multinational consumer goods company, headquartered in London, England. Unilever products include; soft drinks, toothpaste, beauty products, personal care, breakfast cereals and consumer healthcare products. It is the largest producer of soap in the world. Unilever’s products are available in around 190 countries. The company began in 1929 as a
merger between a margarine producer and a soap maker and today boasts over 400 brands. Someof unilever’s most prominent brands are Knorr, Dove, Axe and Lipton.Unilever overall performance;For the full year they grew their underlying sales by 1.9%, with volumes growing 1.6% and 0.3%from price. In the fourth quarter underlying sales growth was 3.5% with volumes of 3.3% and 0.2% from price.Location of operations;Unilever is headquartered in London, United Kingdom and has 70 office locations across 67 countries.Hamburg- GermanyNairobi- Kenya Umhlanga- South AfricaLeatherhead- United KingdomMarket share;it’s over 60 percent of the business in the last quarter, on the basis of measurable market in the whole world.Competitors;Nestle USAMarsJohnson and Johnson Vision: To make sustainable living commonplace. All people everywhere will have access to a skilled, motivated and supported health within a robust health systemMission: To advocate and catalyse global and country actions to resolve the human resources forhealth crisis, to support the achievement of the health-related millennium development goals and health for all.
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