Business Environment On NESTLE | Report

Added on -2020-02-17

| 13 pages| 4206 words| 108 views

Trusted by 2+ million users,
1000+ happy students everyday

Showing pages 1 to 4 of 13 pages

BUSINESS ENVIRONMENT
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1 ...........................................................................................................................................11.1 Identify the purposes of different types of organisation.......................................................11.2 The extent to which an organisation meets the objectives of different stakeholders............21.3 The responsibilities of an organisation and strategies employed to meet them....................3TASK 2 ...........................................................................................................................................32.1 Explain how economic systems attempt to allocate resources effectively............................32.2 Impact of fiscal and monetary policy on business organisations and their activities...........42.3 Impact of competition policy and other regulatory mechanisms on the activities of aselected organisation...................................................................................................................5TASK 3 ...........................................................................................................................................53.1 Explain how market structures determine the pricing and output decisions of businesses. .53.2 Illustrate the way in which market forces shape organisational responses using a range ofexamples......................................................................................................................................63.3 How the business and cultural environments shape the behaviour of a selectedorganisation.................................................................................................................................7TASK 4 ...........................................................................................................................................74.1 Discuss the significance of international trade to UK business organisations......................74.2 Analyse the impact of global factors on UK business organisations....................................84.3 Evaluate the impact of policies of the European Union on UK business organisations.......8CONCLUSION ..............................................................................................................................8REFERENCES .............................................................................................................................10
INTRODUCTION Business environment includes the external and internal factors of the particularenterprise which affect the company. These factors influence the business operations. For thatorganisation needs to took after these factors regular(Welford., 2013). These factors influencethe business how the company functions such as employees, customer, management, supply anddemand etc. External factor are the factor which took place out side the enterprise such as governmentpolicies, costumer preferences, population income, attitude and values of the society groups.Whereas internal factors are those factor which take place in the company such as companystructure, employees behaviour etc. For the particular report the company which is taken into theconsideration is Nestle. Nestle is the world food largest and beverages company. They have morethan 2000 range of products in there brand. The company serve over 191 countries over theworld. The ensure the quality of the product and give the services to its customers. In this reportthe different type of organisation has been discussed and how the company can able to meetthere goals by stratifying their stakeholders and responsibility which company has for these stakeholders. TASK 1 1.1 Identify the purposes of different types of organisationThere are different kinds of companies are their which have their own objectives andgoals. Enterprise has to choose any one kind on organisation which they want to run for thespecific purpose. These are different kind of organisation which there objectives.Sole proprietorship: It is the form of business where one individuals start its business.The only single person who run the business. Sole traders help to create the work for thepeople(Halbert and Ingulli., 2011). The person can take the fund to start its business andsole proper ship has the authority to take all the important decision by his own. This kindof business are in smaller size and sole trader help to distribute the income and capitalbetween the large number of people. Partnership: It is form of the business where there are more than one business owner.The member those who are doing the business together are called partners. The objectiveof this business form is to improve the contact for the resources utilisation and also use
the capital of each partners in an effective manner which can gives them adequate profits.The partners use there skills and knowledge to bring the innovation for the customersatisfaction. Companies: Companies are made by shareholders that gives the money for the business.Management run the enterprises behalf of the shareholders(Wetherly and Otter., 2014).The objective of the company is to to reduce the cost, improve the customer satisfaction.Employees safety, increase the market share etc. 1.2 The extent to which an organisation meets the objectives of different stakeholdersEvery company is having the stake holders and it play a very important role in theorganisation. Stakeholders have interest in the organisation. Stakeholders includes employees,shareholders, customers, suppliers etc. without stakeholders company can not run its operations.Objectives of the different stakeholders are as follow.Top management and directors: Managers have interest of salary,bonus and prizes in thecompany. The mangers needs the high position n ad authorities which increase hisreputation in the market. Customers: Customers are also an important stake holders because they create thedemand in the market. The customer has the interest of right product at the right pricesfrom the company. The customer except to get the product in quick time. Suppliers: The firms which provides the material to the companies has interest of regularpayment from the company suppliers supply the raw material. Government: These authority are interested in the tax revenues from the enterprise andalso follow all the rules and regulation regarding the company.Financial corporations: The are the corporations who provide funds to the companiesand their interest in the enterprise is to get the refund on time and with good interest.In context to the Nestle the company fulfil all the interest of the stake holders. Thecompany provides the higher quality and wide range of the products to its customers(SenaFerreira and et. al., 2012). The mangers is getting all the rights according to their position andcompany execute all the legal roles according to the government guidelines. 1.3 The responsibilities of an organisation and strategies employed to meet themThe main responsibility of the firm is to provide the quality of the product to its clients.Company should give the guarantee to its clients that the product they are using is total safe.

Found this document preview useful?

You are reading a preview
Upload your documents to download
or
Become a Desklib member to get accesss

Premium

$45

Q&A Library Access

Chat support

12

Document Unlocks

4

Answer Unlocks

Students who viewed this