Business Environment: Type of Business, Stakeholders, Organizational Structure, and Impact of Economic Environments

BUSINESS
ENVIRONMENT
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Table of Contents
INTRODUCTION ..........................................................................................................................4
P.1 Describe the type of business if it is a sole trader, partnership or private limited
organisation, mention the purpose and ownership of two contrasting businesses......................4
P.2 Describe the different stakeholders.......................................................................................5
M1...............................................................................................................................................6
D1................................................................................................................................................6
TASK 2............................................................................................................................................6
P3 Describe how two businesses are organised in terms of their structures and functioning
areas.............................................................................................................................................6
P.4 Explain how the style of organisation of your chosen businesses helps them to fulfil their
purposes.......................................................................................................................................7
ASSIGNMENT -2...........................................................................................................................7
TASK 3............................................................................................................................................7
P.5 Describe the influence of two contrasting economic environments on business activities
within a selected organisation.....................................................................................................7
TASK-4 ..........................................................................................................................................9
P.6 Describe how political, legal and social factors are impacting upon the business activities
of your selected organisations and their stakeholders.................................................................9
M 3 compare the challenges to your selected business activities within your selected
organisation, in two different economic environments...............................................................9
D 2 You would have evaluated how future changes in economic political, legal and social...10
CONCLUSION .............................................................................................................................11
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INTRODUCTION
Business environment includes all the internal and external factors that affect how the
company functions including employees, customers, management, and supply and demand and
business regulations. External and internal factors can influence each other and work together to
affect a business (Botha, Kourie and Snyman, 2014). There is a close and continuous interaction
between the business and its environment. This interaction helps in strengthening the business
firm. The present report is based on Sainsbury and The Royal Society for the Prevention of
Cruelty to Animals (RSPCA) which is a not for profit organization. The report will describe the
type of business, purpose and ownership of two contrasting businesses and explain how their
style of organisation helps them to fulfil their purposes. Further, it will describe how political,
legal and social factors are impacting upon the business activities of the selected organisations
and their stakeholders.
P.1 Describe the type of business if it is a sole trader, partnership or private limited organisation,
mention the purpose and ownership of two contrasting businesses
Sainsbury
Sainsbury’s Supermarkets is the UK’s longest standing major food retailing chain, having
opened its first store in 1869. The Sainsbury’s brand is built upon a heritage of providing
customers with healthy, safe, fresh and tasty food. It differentiates itself by offering a broad
range of great quality products at fair prices with particular emphasis on fresh food, a strong
ethical approach to business and continuous leadership and innovation (Boons and Lüdeke-
Freund, 2013).
Main goals and purpose
At Sainsbury’s they will deliver an ever-improving quality shopping experience for their
customers with great products at fair prices. Their aim is to exceed customer expectations for
healthy, safe, fresh and tasty food, making their lives easier everyday (Hamilton and Webster,
2015.).
Type of ownership
The type of ownership is Sainsbury’s are public limited company (plc) – has its shares bought
and sold on the stock exchange.
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The Royal Society for the Prevention of Cruelty to Animals (RSPCA)
RSPCA stands for The Royal Society for the Prevention of Cruelty to Animals. The RSPCA\’s
vision is to work for a world in which all humans respect and live in harmony with all other
members of the animal kingdom.
Main goals and purpose
The main goals for RSPCA is reducing the use and suffering of dogs in medicines testing. The
purpose is to give animals with special needs and give pets a loving care homes
(Csikszentmihalyi, and Sawyer, 2014).
Type of ownership
The type of ownership RSPCA fit into is charitable trust; this is set up to raise funds and support
other people and animals for good cause.
P.2 Describe the different stakeholders
Sainsbury
The key stakeholders for Sainsbury’s are
 Customers – they want a company to produce high quality, value for money products.
They like to see improvements that give them better value for money.
 Employees – their stake is that the company provides them with a livelihood. They seek
security of employment, promotion opportunities, and good rates of reward. They also
want to work for a company that they are proud of. Suppliers – want steady orders and prompt payment. They also want to feel valued by the
company that they supply (Carroll and Buchholtz, 2014.).
The Royal Society for the Prevention of Cruelty to Animals (RSPCA)
 Employees – the employees will need to be happy to be working on a voluntary basis and
also need to be caring for the animals that are suffering.
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