Business Environment of Sage Plc
Added on 2020-10-05
13 Pages3170 Words331 Views
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BUSINESS ENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK ..............................................................................................................................................11. Governed and structure of company ......................................................................................12. Effects of external environmental factors ..............................................................................4CONCLUSION................................................................................................................................9REFERENCES .............................................................................................................................10
INTRODUCTIONBusiness environment sum total of all individual and other forces that are outside controlof business enterprise but business still depends upon them they affect overall performance andsustainability of the business.Business environment means all the internal and external factorsthat affects company function including employees, customers, management, supply, demandand business regulation(Deasy and et.al., 2016)It is the second largest technology enterprise andworld's third largest suppliers of company planning software. This study is based on Sage GroupPlc. It is British multinational software organization headquartered in Newcastle upon Tyne, UK.This assignment will explain governed and structured of company. It will also evaluate Effects ofexternal environmental factors on company. TASK 1. Governed and structure of company SAGE PLC: SAGE plc is known as Sage is British multinational software organization headquarteredin Newcastle upon Tyne, UK. It is the second largest technology enterprise and world's thirdlargest suppliers of company planning software. The small businesses and has 61 millioncustomers global and its offices in 24 countries. The company was founded by David Goldman,Paul Muller and Graham Wylie in 1981. The vision of SAGE plc is to provide the best value to customers and help them attaintheir goals and skyrocket relentlessly. Where technology is developing at a grim and rapid pace,at SAGE Software solutions strive consistently to provide customer-friendly, flexible CRM, ERPand payroll solution(Hamilton and Webster, 2015). HISTORY OF SAGE PLC : Year Operations1981-2000In 1981, David, Paul and Graham are to develop estimating andaccounting software for small business. In 1984, company launchedSage software, a product for Amstrad PCW word processors whichis used in CP\M operating system. 2000 to 2010In 2000, Sage shares were named best performing share of the 90's1
in the UK. In 2001 Sage acquired interact, commerce Inc. in 2002Sage won Business of the year in national Business Awards. In 2003Graham Wylie was retired with 108. 5 Million shares in Sage worth146 Million. 2010 to 2013In 2010, Sage announced that its CEO, Paul Walker had indicated aninterest in stepping down from his positions. CEO of Sage's UKbusiness stated that Acquisition are part of their DNA. In 2010, Sagewith as much as 21 Million Walker is given his share, bonus planand salary. 2014 to 2017In 2017, Sage group announced an agreement to acquire compass,highly innovative analytics and benchmarking platform. In sameyear, Sage declared that it would purchase Intacct Corporation for850 Million. SPONSORSHIP: The Sage Group is a sponsor of Sage Gateshead, a Tyneside music venue designed by SirNorman Foster. Sage Gateshead was completed in 2004 at cost of 70 Million and has sincebecome main sight on the River Tyne. In 2008, Sage funded revival of The Krypton Factortelevision series for ITV as part of business Brain Training campaign. Company were footballlshirt sponsor in 2011 for Whitley Bay F.C.'s FA Vase wining match.ORGANIZATIONAL STRUCTURE: Sage follow tall structure of organization. It is the simplest form of tall organization hasmany levels of management and supervision. There is long chained of command running fromtop of organization that is Chief Executive down to bottom of the company(Tall OrganisationalStructures, 2018). This type of organizational structure offers many levels of authorization forvarious actions taken by managers. Tall structure integrates level of internal control by notallowing lower level employees to make certain decisions. With the help of many layers ofmanagement, Sage is able to promote more employees to management positions.2
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