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Assignment on Business and Cultural Environment

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Added on  2019-12-04

Assignment on Business and Cultural Environment

   Added on 2019-12-04

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BUSINESSENVIRONMENT
Assignment on Business and Cultural Environment_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1..........................................................................................................................................1A) Public Sector:...............................................................................................................3B) Charity Sector:..............................................................................................................3C) Cooperative Sector:......................................................................................................41.2..........................................................................................................................................41.3..........................................................................................................................................6TASK 2............................................................................................................................................72.1..........................................................................................................................................72.2........................................................................................................................................112.3........................................................................................................................................13TASK 3..........................................................................................................................................143.1 Price and output decision determining market structure ..............................................143.2 Market forces shaping organizations response .............................................................153.3 business and cultural environments shape the behavior of a selected organization......17Business environment shaping organization response....................................................17Culture shaping organization response ...........................................................................17TASK 4..........................................................................................................................................184.1 the significance of international trade to UK business organisations............................18The importance of international trade .............................................................................194.2 The impact of global factors on UK business organizations.........................................194.3 The impact of policies of the European Union on UK business organizations.............21CONCLUSION .............................................................................................................................21REFERENCES..............................................................................................................................23
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INTRODUCTIONJust as an environment surrounds anything, Business environment is that which surroundsa business. Business environment means all of the internal and external factors that affects howthe company functions including stakeholders and business regulations (Harrison, 2013). Hereconsider the Primark company to explain business environment, the company is a globalcompany in garment sectors. In the case considers the selected company and the public sector'svision, mission and objectives. The case is about responsibilities of the organization and towardsthe different stakeholders also. In the case describes that how the economic systems, fiscal andmonetary policies and competition policies are impact to the business environment of Primarkorganization. In the case elements considers that how the market structures determine the pricingand output decisions of products and services of the organization. Here analyzing about theinternational or global markets that different significance of international trade union to UKbusiness organizations and What are the different impacts of the global factors which affects tothe organization in the marketplace (Hamilton, and Webster 2015). So, the case is based on theeconomic environment where how the different environmental factors impacts to the Primarkorganization.TASK 11.1Primark is a private sector organization, which is operating in UK, US, Ireland andEurope countries. The main purpose of Primark behind carrying out its operations is to provideits customers with quality products and services at convenient prices. Furthermore, it also aims atcommunicating the fact that if the products are cheap then it is not necessary that they are madeup of low quality. It was founded and headquartered in Dublin, Ireland. Primark is a subsidiaryof international food; ingredients and retail group Associated British Foods. Primark offers adiverse range of products, including new born and kids clothing, women's wear, men's wear,home ware, accessories, footwear, beauty products and confectionery. Vision of Primark:The vision of the organization is to be the most widely spread neighborhood center covering theentire country, offering retail facilities that cater to the most immediate, and basic needs of its1
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customers, at the most cost effective price possible, in a safe, comfortable and pleasantenvironment manned by very professional, properly trained and friendly staff and retail sellers(Halbert, and Ingulli, 2014).Mission of Primark :Primark shall be the vehicle to achieve the company's vision, through it's most geographicallywidespread, accessible and properly designed town centres, populated with the best supermarket,dry goods retailers, food operators, service shops and a whole array of micro-retail stalls a midsta very well planned, and well zoned environment that will showcase the best entrepreneurial mixof commercial operators intended to provide the most convenient and priest basic shoppingneeds of the community.Primark Objectives and Aims:To provide good quality of products to the public.To sell goods at the reasonable prices.To be friendly and helpful towards customers and staff.To treat everybody the same; The public need to feel like the organization treat everybody thesame.Primark market share:13% of the UK retail industryPrimark sales: 28%2
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A) Public Sector:The public sector is the part of the economy concerned with providing variousgovernmental services. Tesco is a public sector company, which a leading company worldwide.The Tesco Company is built with a simple purpose. The purpose of the organization is to be the champion for the customers and helping tothe customers to enjoy a better quality of life and an easier way of living. All customers wantgreat products at the fair value which they can buy easily. The company is also having thesepurposes that provide to the customers great but at the affordable prices and it is the core job ofTesco to deliver this in right way. The organization is having purpose for the customer’s welfare.B) Charity Sector:A charitable organization is a type of non-profit organization. It differs from other typesof organizations in that are centers on philanthropic goals as well as social well-being (e.g.charitable, educational, religious, or other activities serving the public interest or common good).NSPCC (National Society for the Prevention of Cruelty to Children) the UK's leading charitysector company for child and the prevention of cruelty to children. The non-profit designation, which is a legal business structure, is a function of stategovernments. The internal revenue service grants tax-exempt status to non profit organizationsthat meet criteria in the federal tax codes (Palmer, and Hartley, 2011). Federal and state lawsrequire non profits to use assets to fulfill the organization's mission and purpose.3
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Main purpose of NSPCC trust is something other than making a profit. The organizationallow people to join together and combine resources to achieve common goals. State and federalgovernments give special considerations to the firm in consideration of the work they perform.The main purpose of NSPCC organization is welfare of the child who are poor and can not leavea happy life. The organization is for prevention of cruelty to the children. (Palmer and Hartley,2011).C) Cooperative Sector:A cooperative sector is an autonomous association of people united voluntarily to meettheir common economic, social and cultural needs and aspirations through a jointly owned anddemocratically controlled business. The Baywind Energy Co-operative is the first co-operative toown wind turbines in the UK. The purpose of cooperative enterprises will be established by itsmembers, this is ordinary is to remedy specific deficiencies in a specific market or marketplace.The purpose of Baywind Energy Co-operative is set out in terms of specific outcomesthat the membership wants their enterprise to achieve on their behalf. This organization's purposeis to provide services to all the customers which set out by its all members.1.2A stakeholder is anyone with an interest in a business. Stakeholders are individuals,groups or organizations that are affected by the activity of the business. They include: Ownerswho are interested in how much profit the business makes.Extent to which Primark meets the objectives of its different stakeholders:Investors:The providers of risk capital and their advisers are concerned with the riskinherent in, and return provided by, their investments. Stakeholders of the firm need informationto help them determine whether they should buy hold or sell (Keillor, 2013). Shareholders arealso interested in information which enables them to assess the ability of the enterprise to paydividends.Employees:Employees and their representative groups are interested in informationabout the stability and profitability of their employers. They are also interested in information4
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