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BUSINESS ENVIRONMENT1 INTRODUCTION
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Added on 2020-01-07
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BUSINESS ENVIRONMENT BUSINESS ENVIRONMENT1 INTRODUCTION 3 TASK 13 1.1 Identify the purposes of different types of organisation 3 1.2 which an organisation meets the objectives of different stakeholders 4 1.3 Explain the responsibilities of an organisation and strategies employed to meet them 5 TASK 25 2.1 Explain how economic systems attempt to allocate resources effectively 5 2.2 Assess the impact of fiscal and monetarypolicyonbusiness organisations and their activities6 2.3 Evaluate the impact of competition policy and otherregulatory mechanisms on the activities of a selected organisation
BUSINESS ENVIRONMENT1 INTRODUCTION
Added on 2020-01-07
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BUSINESSENVIRONMENT
Table of ContentsBUSINESS ENVIRONMENT........................................................................................................1INTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Identify the purposes of different types of organisation.......................................................31.2 which an organisation meets the objectives of different stakeholders..................................41.3 Explain the responsibilities of an organisation and strategies employed to meet them........5TASK 2............................................................................................................................................52.1 Explain how economic systems attempt to allocate resources effectively............................52.2 Assess the impact of fiscal and monetary policy on business organisations and theiractivities......................................................................................................................................62.3 Evaluate the impact of competition policy and other regulatory mechanisms on theactivities of a selected organisation.............................................................................................7TASK 3............................................................................................................................................73.1 Explain how market structures determine the pricing and output decisions of businesses. .73.2 Illustrate the way in which market forces shape organisational responses using a..............8range of examples......................................................................................................................83.3 Judge how the business and cultural environments shape the behaviour of a selectedorganisation.................................................................................................................................9TASK 4..........................................................................................................................................104.1 Discuss the significance of international trade to UK business organisations...................104.2 Analyse the impact of global factors on UK business organisations.................................114.3 Evaluate the impact of policies of the European Union on UK business organisations....11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONBusiness environment is refers to internal and external environment of business in whichinclude customers, supplier, employees, products, competitors, management, supply and demandthat affecting on business development in the systematic manner. Business environment help todevelop a healthy environment in the organization so employees will do their own workeffectively and achieve goals and objectives. Business environment relating to the internal andexternal factors that may be affecting on negative and positive manner. In the internalenvironment including employees, objectives, management, rules and regulation those aredecided by the company's head that have to follow by all the employees for get success in theirbusiness life, external environment include suppliers, competitors, vendors, promoters and somore that affecting on business developments. That's why should maintain the relationship withthem. Nestle company LTD is the food company that provide any kind of foods with effectivequality and customers are trusted on these products. Nestle is the biggest largest company offoods in the UK that already build brand image in customers mind(Welford 2013).TASK 11.1 Identify the purposes of different types of organisationThere are many types of organisations in which there all are purpose and rule /regulationsare different so that have to follow by all employees. Different types of organisation and theirpurposes are under the below: Sole proprietorship: Sole proprietorship is one of the basic and normal business in whichonly individual person through handle all business activities. In which only one person toface all risk and find out the effective solution that always try to build a effective marketimage and attract high number of customers in the market. This kind of business havingmain purpose is provide better products and services to customers and earn high profitsfrom market(Craig and Campbell, 2012).Partnership: partnership is the another firm in which one or two persons are mutually starta business to earn profit that divided equally with each partners. Partnership is legal formin which have to follow rules and should make a partnership certificate to start thebusiness. To start the partnership firm mutually invest money and required assets these al
are liable to pay debt fund with interest. This firm having main purpose is earn high profitand develop firm in the effective manner.Companies: A company is the shareholder business in which mainly include two types ofcompanies one is private sector and second one is public sectors company. Private sectorscompany is not government company. There is no any legal rules and regulation they areonly working for earn profit not for social welfare. These are not regulated by thegovernment of country(Moutinho, 2011). Private sectors companies having main aims isearn profits, maximising profits and increase market share of the company. Next one ispublic sector company in which this companies are regulated by the company. Thesecompanies are working for earn profit as well as working for social benefits. 1.2 which an organisation meets the objectives of different stakeholdersThe organisation meets the different types of objectives of their stakeholders in thecompany. All these are affecting companies operations, there are including stakeholders thoseare under the below: Shareholders: Shareholders are also called the partners of the company because they haveshares of the company. Shareholders are the stakeholder of the company they havemutually right to get all informations relating to the company. That's why all companiesare legally listed in the stock market. Nestle has main objective about shareholder,company's provide maximum interest on shares and provide proper informations orholding statements to them so they can easy to identify all shares of the company.Employees: Employees of the company play an vital role to complete all work andactivities in the effective manner and they are working for achieve objective and goals.So company's main objectives for employees is provide healthy environment to them,proper training and resolve their issues and problems(Halbert and Ingulli 2011).Customers: Company produce the products and goods for customers. Company's mainobjectives towards customers is provide proper satisfaction and full fill their wants andneeds if they have any problems relating to the products so they can resolve on the time.
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