Report on Business Environment of Nestle
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Added on 2019-12-04
Report on Business Environment of Nestle
Added on 2019-12-04
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BUSINESSENVIRONMENT1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1................................................................................................................................................31.2The extend to which an organization meets the objectives of different stakeholders............41.3 responsibility of an organization and strategies employed to meet them ............................4TASK 2............................................................................................................................................52.1 Explain how economic systems attempts to allocates resources efficiently.........................52.2 assess the impact of fiscal and monetary policy on business organizations and theiractivities......................................................................................................................................62.3 ...............................................................................................................................................6TASK 3............................................................................................................................................73.1................................................................................................................................................7The market structure are perfect due to monopolistic, oligopoly, and monopol market ...........73.2................................................................................................................................................83.3 Judging how the business and clutural environment shape the ............................................8TASK 4..........................................................................................................................................104.1..............................................................................................................................................104.2..............................................................................................................................................104.3..............................................................................................................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................132
INTRODUCTIONBusiness environment means all of the external and internal factors that effect how the companyfunctions including employees, customers, management, supply and demand of businessregulations. Internal factors relates to all components that can be controlled by the administrationwhereas, external factors are those which are uncontrollable and are beyond organizational reach.This concept of stakeholders involves consumers, suppliers, competitors and investors. These arethe significant part of business environment. This present study will examine a case analysis ofNestle, which is a Swiss food products and beverages producing company. The main objectivesof Nestle to provide its consumers for best tasting, more nutritious choices of food andbeverages. This study shows that the objective of Nestle meets its stakeholders that impacts andsignificance of international factors as well as domestic business environment. An analysis hasfocused on linking the theoretical models with practical business aspects to attain well definedresults (Elearn, 2009). TASK 11.1In the present era organizations are categorized with Vision mission value and strategicgoal etc.Mainly there are three types of corporation’s public, private and voluntary organizationswhich are explained as below:Private organization:These companies are owned by the individuals or group of peoplewith theintention of making profit. In private sector worker are paid with part of thecompany’s profit. In this sector worker tends to have more carrier choices and betteropportunities for promotions.Public Organizations: These business entities arecontrolled by government organizations. In this sector employee workers through thestate or central government. In public sector more job securities and less comprehensiveplan. The main purpose of public sectors are to help and support the socialcommunities.NHA UK is a health care organization that provides to improve betterhealth of people. (Craig and Campbell, 2012). Nestle deal with these organizations tofulfill the corporate needs and demands. The company use the services of theseorganization directly and indirectly. 3
Voluntary organizations: The main purpose of voluntary sector is to improve and enrichsociety. It focus on social wealth rather than material wealth.Nestle is to attain market share and increase the sales and commits for quality of life inall communities where they operate and their business has a large level of operational serviceand doing all the necessary changes to attain customer satisfaction (Arai, Kitada and Oura,2013). 1.2The extend to which an organization meets the objectives of different stakeholdersStakeholders whoinfluences the corporate entity and also influence various decisions ofNestle directly and indirectly. The basic purpose of a company is to motivate stakeholders.Nestle focus on “Creating shared value” model that provide a greater value to society and thestakeholders. Stakeholders plays important role towards development and expansion of nestleorganization. Nestle should many practice to meet objective of stakeholders. nestle focus onrelations between the community and organization.it helps the people to become useful personsin the community to provide universities and other education institution at the low cost .It hasundertaken major such as saving water and nutrition development. Suppliers, clients, creditorsand top management and BOD are the major stakeholders of an organization (Asakawa andWestney, 2013).To meet desired objectives of the consumers, Nestle is working to analyses needs anddemands of consumers and produce products accordingly. Nestle has improved its foodtechnology by introducing range of healthy products with better taste.Organization shouldpractices in order to increase social responsibility. Business organization are enforced byprinciples, rules, regulation and statement policies in order to help the stakeholders to achievetheir objective(Fernando 2001). 1.3 responsibility of an organization and strategies employed to meet them Nestle believes that Corporate responsibility is a way to create a positive image amongthe stakeholders. This involvement of stakeholders is a significant part of all operationalactivities of a business organization (Blahová and Zelen, 2013). The following are variousstrategies which have been adopted by company to fulfil needs of stakeholders:- 4
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