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Identify the Purposes of Different Types of Organisation

   

Added on  2021-01-01

9 Pages2153 Words346 Views
BUSINESS ENVIRONMENT

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Identifying the purpose of different types of organisation...............................................11.2 Extent to which an organisation meets its objectives of different stakeholders...............11.3 Responsibilities of Wiser and the strategies employed to meet them..............................2TASK 2............................................................................................................................................22.1 Economic systems followed by various countries in order to allocate resources effectively................................................................................................................................................22.2 Impact of fiscal and monetary policy and other regulatory mechanisms on the activities ofan organisation........................................................................................................................32.3 Impact on competition policy and other regulatory mechanisms on the activities of anorganisation............................................................................................................................3TASK 3............................................................................................................................................33.1 Explaining market structures and determining pricing and output decisions of business33.2 Market forces shape organisational responses.................................................................33.3 Business and cultural environment shaping behaviour of the organisation.....................4TASK 4............................................................................................................................................44.1 Significance of international trade to UK business..........................................................44.2 Impact of global factors on UK business organisation.....................................................44.3 Evaluating the impact of the European Union Policies on UK business organisation.....5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6

INTRODUCTIONBusiness environment consists of both internal and external factors which affect theoperation of business, it is an uncontrollable factor (Botha, Kourie and Snyman, 2014).Stakeholder is the individual who is interested in every activity of organisation. This report isbased on business environment of Wiser company located in London, which was established inthe year 2014. Company designs products on the basis of consumer’s demand in order to increase sales.Project discusses about purpose and objectives of different types firm like public, private andcharitable. Every organisation has certain responsibilities towards their shareholders likeemployees, consumers and society Further this project focus on the objectives and desire ofstakeholders, which is responsibility of company. End of this report it discusses aboutimportance of international trade and its impact on global market of the country.TASK 11.1 Identifying the purpose of different types of organisationPrivate sector: Wiser is the small scale industry which was established in the year 2014, itis owned and managed by individuals or group of people. It main objective is providing qualityproducts and services to consumers and maximise their profit share. Company design productson the basis of consumer’s demand in order to enhance their sales and revenue.Public sector: Public sector is controlled and managed by Government, their main purposeis to serve society and look after their needs (Degtyarev, Maliko and Grishin, 2014). Enterpriseeffectively utilises all resources in order to accomplish their goals and objectives.Charitable trust: Charitable organisation’s prior aim is to look after welfare of the societyand secondary objective is earning profits. Business implements various strategies and policies toserve people those who are in need.1.2 Extent to which an organisation meets its objectives of different stakeholdersStakeholders are individuals who are interested in various activities of business and getinfluenced by changing environment. It is responsibility of company to look after therequirements of stakeholders and satisfy their needs and requirements.

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