logo

The Business Environment INTRODUCTION 1 TASK 11 P1 Describe the type of business

11 Pages3038 Words279 Views
   

Added on  2020-07-22

About This Document

1 P2 Describe the different stakeholders 2 TASK 24 P3 Describe how two businesses are organised in terms of their structures and functioning areas 4 P4 Explain the styles of organisation which helps them to fulfil their purposes.5 TASK 36 P5 Describe the influence of two contrasting economic environments on business activities 6 TASK 46 P6 Describe how political, legal and social factors impact business activities 6 CONCLUSION 8 REFERENCES 9 INTRODUCTION Business Environment is an integral part of effective and efficient management

The Business Environment INTRODUCTION 1 TASK 11 P1 Describe the type of business

   Added on 2020-07-22

ShareRelated Documents
The Business Environment
The Business Environment INTRODUCTION 1 TASK 11 P1 Describe the type of business_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Describe the type of business............................................................................................1P2 Describe the different stakeholders...................................................................................2TASK 2............................................................................................................................................4P3 Describe how two businesses are organised in terms of their structures and functioningareas........................................................................................................................................4P4 Explain the styles of organisation which helps them to fulfil their purposes...................5TASK 3............................................................................................................................................6P5 Describe the influence of two contrasting economic environments on business activities6TASK 4............................................................................................................................................6P6 Describe how political, legal and social factors impact business activities......................6CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
The Business Environment INTRODUCTION 1 TASK 11 P1 Describe the type of business_2
INTRODUCTIONBusiness Environment is an integral part of effective and efficient management ofBusiness. Business Environment determines the types of Business that will be Successful withinthe environment. Business Environment has many forces that shape the business segment as wellas product line. In this report, the Business environment of Sainsbury PLC and National HealthServices is analysed with respect to some factors such as Market structure, key responsibilities ofetc. Moreover, the importance of International Trade as well as the impact of Global factors onSainsbury PLC and NHS is described with the essence of globalization. Lastly, the policy ofEuropean Union and its relation to profit and not for profit organisation is presented withreference to the particular policies.TASK 1P1 Describe the type of business.There are different types of organizations available. Some organizations are profitseeking and some others are beneficiary or non-profit organizations. Organizations vary due totheir structures, cultures, and environment along with the line of Business (Chavis, and et. al.,2011).National Health Services (NHS) England:National Health Services England is treatedas the world‟s the largest health service that is publicly funded. With its evolution in 1948, it hasbeen able to create the image of most efficient and most comprehensive Health service in theWorld. The NHS has come with the idea that good healthcare should be available to all,irrespective of wealth, class, age and other issues.The purpose of NHS is to serve the nation for the betterment of the people. No profitmotive is there; rather the right of getting equal treatment and medical benefits are the mainpurpose for its existence. Patients are treated as the most expensive resource for NHS. Patientsare highly satisfied with the services of the NHS (Galaskiewicz, J., and et. al., 2016)Sainsbury PLC: The company started as small retail store, now it becomes the thirdlargest U.K. retail chains. Sainsbury is now a listed company in U.K. that is serving a wide rangeof customers every day. Sainsbury focuses on the customer‟s satisfaction and tries to give thebest possible shopping experience to its customers. 1
The Business Environment INTRODUCTION 1 TASK 11 P1 Describe the type of business_3
The main purpose of Sainsbury is growth, in terms of market share as well as number ofcustomers. The company focuses at serving the best food for health, and is also maintainsresponsibility and respect the environment (Davies, and et. al., 2014)P2 Describe the different stakeholdersIndividuals or groups who have staked in the activities of Sainsbury‟s are regarded as theStakeholders. Stakeholders have several rights in the Sainsbury, where both the sustainabilityand performance related information is available for the stakeholders (Mouraviev, and et. al.,2016). Stakeholders make the decisions of investment or employment or mere buying productsof Sainsbury PLC through the information related to its performance and financial position.1. Typical stakeholders of Sainsbury Plc are here under:Suppliers: They want to feel valued by the company and want frequent orders withprompt payments.Customers: Customers want value for money which involves providing the highestquality products at competitive prices.Owners: In a company it would be the shareholders. Owners are often thought to be themost important stakeholders because they have set up the business and give a lot of timeinto the company to make it successful. Owners like to see their share of profitincreasing, and the value of their business rising.Employees: Their stake is that the company provides them with am livelihood. They wantsecurity of employments, good rates of reward and also promotional opportunities.Employer associations: This is the same as trade unions but for the employers,representing the interests of employers in specific industries.Governments: The government wants businesses to become successful, to create jobs andto pay taxes. They want to see good businesses that take a full responsibility on lookingafter the welfare of society.2. Stakeholders of NHS are as follows:PatientsInterests: To be able to have a service provided to them free of charge, to have clinicsavailable for when they need to speak to a GP, to be able to speak to someone when theyare in medical need.2
The Business Environment INTRODUCTION 1 TASK 11 P1 Describe the type of business_4

End of preview

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

Related Documents
Report on Business Environment of NHS and Sainsbury
|9
|2731
|242

Business and the Business Environment
|12
|3653
|44

Business and Business Environment Assignment - The Oxfam and NHS
|14
|4271
|216

Business and the Business Environment - Sainsbury
|12
|4013
|37

Business and Business Environment Assignment- Sainsbury
|15
|4342
|66

Business Environment & Its Structure
|12
|4013
|76