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TASK 13 (a) Identification of the purpose of different organization and (c) Explanation of the extent to which Samsung employs different stakeholders

FP is a property developer facing challenges similar to Barratt Developments Plc. James Hardy is considering introducing his son to the company after he completes his BSc in Building, Construction and Surveying.

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Business Environment INTRODUCTION 3 TASK 13 (a) Identification of the purpose of different organization 3 (b) Description of the extent to which organization meets the objectives of its different stakeholders 4 (c) Explanation of the responsibilities of Samsung and the strategies it employs to meet them5 TASK 26 (a) Explanation of free enterprise and mixed economy models by which economic systems attempt to allocate scarce resources effectively 6 (b) Assessment of the impact of fiscal and monetary policy on the UK

TASK 13 (a) Identification of the purpose of different organization and (c) Explanation of the extent to which Samsung employs different stakeholders

FP is a property developer facing challenges similar to Barratt Developments Plc. James Hardy is considering introducing his son to the company after he completes his BSc in Building, Construction and Surveying.

   Added on 2020-01-28

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TASK 13 (a) Identification of the purpose of different organization and (c) Explanation of the extent to which Samsung employs different stakeholders_1
TABLE OF CONTENTSINTRODUCTION................................................................................................................................3TASK 1.................................................................................................................................................3(a) Identification of the purpose of different organization...............................................................3(b) Description of the extent to which organization meets the objectives of its different stakeholders .........................................................................................................................................................4(c) Explanation of the responsibilities of Samsung and the strategies it employs to meet them ....5TASK 2.................................................................................................................................................6(a) Explanation of free enterprise and mixed economy models by which economic systems attempt to allocate scarce resources effectively............................................................................................6(b) Assessment of the impact of fiscal and monetary policy on the UK activities..........................6(c) Evaluation of the impact of competition policy and other regulatory mechanisms on the UK activities of McDonald's..................................................................................................................7CONCLUSION....................................................................................................................................8REFERENCES.....................................................................................................................................92
TASK 13 (a) Identification of the purpose of different organization and (c) Explanation of the extent to which Samsung employs different stakeholders_2
INTRODUCTION Business environment is the combination of all the internal and external factors that caninfluence various business operations of the organization. External and internal factors of businessenvironment are corelated to each other and direct impact on performance have an effect onorganization (Business Environment, 2016). Global Tech is a global manufacturer of consumerelectronic products which is a private limited company. Headquarters of the organization are situated inthe America and United Kingdom. However, there are some significant operations which are conductedin Russia and China. The progressively competitive economic and their business environment hasreduced Global Tech sales revenue and profits. The current report is focused on indicating variousaspects of business environment such as competition policy, fiscal policy and monetary policy incontext of the competitors of Global Tech. Further, it also comprises the objectives of stakeholdersalong with describing the responsibilities and strategies of organization.TASK 1(a) Identification of the purpose of different organizationThere are different types of organizations whose purposes are also differed from one another.Various organizations include private limited company, public limited company and non-profitorganization. Business enterprise has different purposes to meet the objectives of business(Feigenbaum, 2016). Therefore, purpose of different organizations is as follows: 1.One of Global Tech's competitors: The main competitor of Global Tech in the market ofmobile handsets and tablet devices is Samsung. It is one of the private limited companies whichdeals in the consumer electronics. Samsung’s main purpose is to satisfy its customers andincrease its market share. Customers want low cost products with high quality (Covrig andMcConaughy, 2015). Therefore, company fulfils the needs and requirements of customers byrendering them products at affordable price in order to provide proper satisfaction to them.Further, another purpose of the organization is to produce goods and services with a motive ofgaining profitability. 2.A government organization: A government organisation which runs its business in the UnitedKingdom is Tesco. It is one of the largest retailer companies of UK and a public limitedcompany which deals in the grocery store and general merchandise maket. The purpose ofTesco is to gain customer satisfaction by providing products at low cost. For the public limitedcompany, profit doesn't matter (Kamnikar and et.al., 2012). Therefore, Tesco is also focusing onvarious CSR activities to uplift the customer satisfaction. Tesco is increasing their sales3
TASK 13 (a) Identification of the purpose of different organization and (c) Explanation of the extent to which Samsung employs different stakeholders_3
performance by fulfilling the needs and requirements of consumers. However, company istaking care of customer’s tastes as well as preferences and accordingly making changes to it. 3.A charity organization: It is also known as non-profit organization which doesn't do business togain profits. A charity organization here chosen is Bond which is a UK based non- profitorganization. Bond is working for international development through supporting in funding,research, training and other services (Stamp, 2013). The purpose of such company is to set upbusiness for the welfare of society. Organization doesn't need any profit and market share inthe marketplace. The main motive is to work for the development of the society. 4.Partnership firms- It can be termed as an association of two or more individuals or partieswhich has agreed to share profit and losses. The benefits of such kind of business is that it helpsin generating adequate among of capital required. Further each and every partner is required tocontribute his/her set of capital and have a specific ratio in profit sharing and distribution ofsalary.5.Sole traders- These are the businesses which are owned, managed and taken care by a singleindividual. All the power of decision making and developing strategies are concentrated in onehands. Along with this, it can be also explained that entire profit is enjoyed by single owneronly. Such kind of businesses have difficulty at the time of raising finances for expansion orgrowth. (b) Description of the extent to which organization meets the objectives of its different stakeholders The extent to which Samsung meets the objectives of its different stakeholder is described here.Individuals, groups, government and all other members who are interested in the organization arecalled stakeholders (Xiong and et.al., 2015). Power and interest of different stakeholders are different.Interest stakeholder is determined by his desire to influence the organization. Different types of thestakeholders of Samsung are as follows:Owners/ Directors: Owner is the person who owns company and is a main stakeholder in theorganization. Directors are interested in their salaries, bonuses and prizes. . Occupying a highposition, owner takes responsibilities for accomplishment of goals and objectives oforganization (Davis, 2014). In addition, any owner should care about his responsibility area.Further, owner plays an important role in Samsung.Shareholders: Providers of risk capital and their advisers are concerned with the risk providedby their investments. Shareholders of the Samsung need information to help them to determinewhether they should buy, hold or sell the shares. Shareholders are also interested in information4
TASK 13 (a) Identification of the purpose of different organization and (c) Explanation of the extent to which Samsung employs different stakeholders_4

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