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Business Environment Assignment Solution

   

Added on  2020-10-05

11 Pages3149 Words329 Views
BusinessEnvironment
Business Environment Assignment Solution_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Identify the purposes of different types of organization.......................................................11.2 Describe the extend in which organisation meet their objectives.........................................21.3 Responsibilities of an organization and strategies employed to meet them..........................2TASK 2............................................................................................................................................32.1 Describe how economic system attempts to allocate resources effectively..........................32.2 Evaluate the impact of fiscal and monetary policy on business organisation.......................42.3 Impact of competition policy and other regulatory mechanisms on the business activities.4TASK 3............................................................................................................................................53.1Determination of pricing and output decisions through market structure..............................53.2 Methods in which market force shape organizational responses..........................................53.3Impact of business and cultural environment to shape the behaviour of selectedorganization.................................................................................................................................5TASK 4............................................................................................................................................64.1 Significance of international trade to UK business organizations........................................64.2 Analyse the impact of global factors on UK business organizations....................................64.3 Evaluate the impact of policies of the European Union on UK business organizations.......6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8.........................................................................................................................................................9.........................................................................................................................................................9
Business Environment Assignment Solution_2
INTRODUCTIONBusiness environment is identify as a set of conditions political, social, legal, institutionalor economical facts that is not controllable and impacts the functions and activities of thebusiness entity (Business environment, 2018). These factor highly effects on businessperformance and activities in favourable and unfavourable manner (Cassell and Blake, 2012).This assignment is based on three type of entity such as private, public and voluntary. Virgingroup, Sainsbury and Oxfam are main examples of those organisation. This assignment includespurpose of business, nature of the national environment, behaviour of enterprises andsignificance of global effect. Main purpose of this report is to identify impacts on businessenvironment of company. TASK 11.1 Identify the purposes of different types of organizationThere are mainly three types of organisation such as public, private and voluntary. Allthese business are play vital role in the development of economy. Sainsbury is a public limited,Virgin group is a private organisation and Oxfam is a voluntary sector. Sainsbury: This business is established by the John James Sainsbury and his wife in 1869located in London, UK. It is a public limited company which is mainly control by thegovernment of the country (Cavalcante and et. al., 2011). In the organisation, recently 181,900employees are working with motto to gain maximum amount of money. Purpose of Sainsbury: Sainsbury has respect and duty for the environment.Company is developing employment opportunities. Main purpose is to serving best and quality food for health. Another motto is to serve the quality products and accomplish predetermined objectives. Virgin Group: It is a type of private organisation which is operated, controlled and owned by anindividual. It was founded by Sir Richard Branson Nik Powell in 1970 which is located inLondon, UK. They deals in different variety of products or services such as banking, health care,consumer electronics and many other. Number of employees in the organisation is approx 71,000all these are different motive to gain sufficient amount of money and provide service to thecustomer.1
Business Environment Assignment Solution_3
Purpose of virgin group: Purpose of the company is to make profit and to serve the society with best quality intheir products and services. Another motive is to develop strong and better position in marketplace. Oxfam: It is a kind of non-profitable and voluntary organisation. It was founded by CecilJackson-Cole in 1942 at Oxford, England. Purpose of Oxfam: To create social economic situation rather than financial condition. Understand the various activities of community and voluntary organisations. 1.2 Describe the extend in which organisation meet their objectivesStakeholders have different responsibility in the Sainsbury entity where both such asperformance and sustainability related data is existing for the stakeholders. In the organisationsome stakeholders such as supplier, customers, employees, investors and government are playvital role in the success and growth of company (Cronan and et. al., 2011). In this they makedifferent effective decision about employment, investment and buying commodity of companythough the data regarding financial position of the company. Sainsbury PLC is a public limitedorganisation that has to bring out their annual reports where entire information or data related tothe business financial performance and effectiveness is presented. Under this, company hasarranged a regular basis events with motto to meet with the needs of stakeholders through privateand public discussion. Beside this, feedbacks or commends of the neutrals are prioritized toaccomplishment of long term goals of the business. In this Sainsbury accumulates therequirement of neutrals and then provide the information and values as per their needs.Furthermore, company try to inspire collaborator by integration and innovations. 1.3 Responsibilities of an organization and strategies employed to meet themRole and responsibility of the Sainsbury is facing dynamic variation over the years. Thesemodifications are mainly related to expectation of customers, demands of suppliers and localcommunities (Elliot, 2011). In order to meet the challenges or provocations and execute theexpectation from large number of stakeholders, business entity is creating 20*20 commitmentsor loyalty. Furthermore, skilled and talented HR are required to fulfil these type of commitmentwhile business entity is increasing over the years. In this an organisation has duty towards the2
Business Environment Assignment Solution_4

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