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Business Environment InTRODUCTION 3 TASK 1- ORGANIZATIONAL PURPOSES3 1.1 Purposes of different types of organizations

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Added on  2019-12-03

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Business Environment INTRODUCTION 3 TASK 1- ORGANIZATIONAL PURPOSES3 1.1 Purposes of different types of organizations (LO 1.1) 3 1.2 Variety of stakeholders organizations have and extent they manage to meet the objectives (LO 1.2) 4 1.3 Responsibilities those organizations have and strategies they employ to meet those responsibilities (LO 1.3) 5 TASK 2- NATIONAL AND MARKET ENVIRONMENT5 2.1 Economic systems attempt to allocate resource effectively (LO 2.1) 5 2.2 The impact of fiscal and monetary policy on business

Business Environment InTRODUCTION 3 TASK 1- ORGANIZATIONAL PURPOSES3 1.1 Purposes of different types of organizations

   Added on 2019-12-03

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TABLE OF CONTENTSINTRODUCTION ..........................................................................................................................3TASK 1- ORGANIZATIONAL PURPOSES ................................................................................31.1 Purposes of different types of organizations (LO 1.1)...........................................................31.2 Variety of stakeholders organizations have and extent they manage to meet the objectives(LO 1.2).......................................................................................................................................41.3 Responsibilities those organizations have and strategies they employ to meet thoseresponsibilities (LO 1.3)..............................................................................................................5TASK 2- NATIONAL AND MARKET ENVIRONMENT ..........................................................52.1 Economic systems attempt to allocate resource effectively (LO 2.1)...................................52.2 The impact of fiscal and monetary policy on business organization and their activities (LO2.2)...............................................................................................................................................62.3 The impact of competition policy and other regulatory mechanism on the activities of anorganization (LO 2.3)..................................................................................................................72.4 How market structures determine the pricing and output decisions of different businesses(LO 3.1).......................................................................................................................................82.5 Ways in which market forces shape organizational responses (LO 3.2)...............................92.6 Business environment and cultural environments shapes behaviour of an organization (LO3.3)...............................................................................................................................................9TASK 3- GLOBAL FACTORS AFFECTING NATIONAL BUSINESS ACTIVITIES ............113.1 The significance of international trade to UK business organization (LO 4.1)...................113.2 The impact of global factors on UK business organizations (LO 4.2)................................113.3 The impact of policies of European Union on UK business organization (LO 4.3)............12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................142
Business Environment InTRODUCTION 3 TASK 1- ORGANIZATIONAL PURPOSES3 1.1 Purposes of different types of organizations_2
INTRODUCTION Business environment consists of different internal and external factors that directlyimpact the operations performed by the organization. It is also defined as the environment underwhich businesses operate their activities to accomplish their certain objectives and goals.However, business environment is classified under two environment that is micro and macro.Micro environment consists of different internal elements that directly impact the organization. Itmainly includes customers, suppliers, government, public etc. However, macro environmentincludes the external forces that indirectly affect the practices of organization (Understandingthe Business Environment, 2013). The present report has been prepared to understand the main purposes and goals of anorganization so that they can easily sustain in the competitive market. Therefore, it can beunderstood by measuring the nature of market environment in which business are operating theirbusiness. The report will also understand the major consequence of monetary and fiscal policy ofthe UK government on the internal situation of the business as well it will also measures theconsequence of competitive policy and different governing mechanism on the operationsbusinesses. Lastly, report will evaluate the striking impact of global components on the activitiesof UK business organization. TASK 1- ORGANIZATIONAL PURPOSES 1.1 Purposes of different types of organizations (LO 1.1)There are different purposes and aims of the organization that they want to accomplish bysetting up a new business in the market. Organizations mainly operate for earning or generatingprofit, while some other organizations direct their functions to serve the requirement ofindividuals without preceding the objectives of earning profit. However, there are different typesof organization working in the market mainly include public, private, governmental andvoluntary organization (Grier, 2006). Purposes and aims of all the organizations are not exactlysame. For instance; public organization is primarily owned and run by the governmentalauthorities whose main objective is to render public services and utilize resources in an effectiveway that will benefit the community. These organizations do not exist to earn or generate largevolume of profit. Another type of organization includes private sector organizations that are3
Business Environment InTRODUCTION 3 TASK 1- ORGANIZATIONAL PURPOSES3 1.1 Purposes of different types of organizations_3
closely-held and directed by the individuals through forming partnership, an entrepreneurship ora sole proprietorship. Main goal of private organization is to increase their profit ratio along withenhancing their market share by expanding their business. For instance, Tesco PLC is a privatesector organization that operates in the retail sector whose main aim is to earn profit by targetinglarge number of customers and providing quality of goods to them. Third type of organizationincludes voluntary sector organizations. These are mainly operated to attempt and initiatedifferent social activity and it does not include the objective of earning profit. Theseorganizations can be governmental or non-governmental. Lastly, it includes government sectororganization (Greenwood, 2010). They are solely owned by the governmental agencies or by thegovernment itself for the purpose of improving and developing the society. 1.2 Variety of stakeholders organizations have and extent they manage to meet the objectives(LO 1.2)There are different type of stakeholder existing within the organizations. Management ofcompany needs to focus on the requirements of stakeholders and manage different strategies tomeet the goals and objective of different stakeholders. Stakeholders are consider as the keypeople or individuals that have mutual interest in the operations of business and they may affectthe different activities of the organization. Different stakeholders are:Customers- Customers are the key stakeholders for the private sector organization as theymainly aim to satisfy their customers by rendering different type of services andexchanging variety of products within the marketplace. Main objective of private sectororganization is to generate high profit, meet the requirement and demand of customersand increase their market area (Frischtak, 2001). Therefore, for attaining the aim relatedto meet the demand of customers, organization must determine the requirement ofcustomers through conducting market research. Thus, it will assist private sectororganization to find out the ever-changing requisite of customers and thus, it will result inproviding services according to their requirement. Employees- Employees are also considered as an important stakeholder of thatorganization who are focused on rendering services within the organization in order tomeet the organizational requirements (Fernando, 2011). Main objective of employeeswho are working in the organization is to acquire fair remuneration and better working4
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