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Business Environment Report Of Global Tech Pvt Ltd

   

Added on  2020-01-28

11 Pages3029 Words48 Views
BUSINESS-ENVIRONMENT

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Different types of business organizations ............................................................................11.2 Key stakeholders of organization and meeting their objectives ...........................................21.3 Accomplishing responsibilities of stakeholders ...................................................................3TASK 2............................................................................................................................................42.1 Economic system attempting to allocate resources ..............................................................42.2 Impact of fiscal and monetary policies on UK organizations ..............................................42.3 The impact of competition policy and other regulatory mechanisms on the organization...5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7

INTRODUCTIONBusiness environment comprises information of all the internal and external factorswhich influence their decisions in a cut throat competitive market. It involves different factorslike employees, suppliers, creditors, government, competitors, etc. By taking the above scenariointo consideration, this present report has been prepared on Global Tech private limited which isa global manufacturer of consumer electronics products having their headquarter in UK and USArespectively (Black, 2000). Their focus is on producing mobile handsets and tablet devices fortheir customers. This study will emphasize on the ways through which mentioned firm meets theobjective of their stakeholders. Further, this report will also show the impact of monetary andfiscal policy for two Global Tech competitors.TASK 11.1 Different types of business organizations Global tech mark their foot in different sectors namely consumer electronics, fast food,telecommunication, etc. but everywhere they have faced tough competitors because there existssome giant market holders. Further, Global tech set their own plans and policies which generallyhelps them to achieve their goals and objectives. Different purpose of organizations is:Global tech competitors: One of the major competitors for the cited firm is in theconsumer electronics sector i.e. Samsung. Samsung having diversified options indifferent field throughout the globe and they are giving tough competition to Global tech.Further, mentioned company are having their operation in America, UK, Russia andChina but Samsung has their assemble plants and sales networks in more than 80countries and employ more than 370,000 workers in the electronic sector (Dawson,2009). Further, Samsung is also having different series in their mobile phone and tabletsectors.Government organization: Government organization like NHS in UK plays a significantrole to protect the health of the individuals. These organizations are well supported by thelocal body and patients prefer to go NHS as compared with private hospitals. NHS is alsotreated as public funded health care organization where individual also contribute a smallamount from their salary for their welfare and securing life of patients who comes to thehospital.1

Charity: Charities are those organizations whose major role is to help the needy people.Further, these ventures assist the people who are mentally unsound and physicallycrippled etc. Thus, they continue to organize social welfare activities in order to help theneedy people. Moreover, they only accept the donation from public who gives to theorganization with positive mindset (Fernando, 2011).1.2 Key stakeholders of organization and meeting their objectives Stakeholders are those who play a significant role in the development of businessorganization. Here, the discussion will be made on Giant tech major competitor Samsung. Citedorganization has different competitors and they have to satisfy their needs and objectives in thesignificant manner. Their major stakeholders are:Owners / directors- Samsung owners are the top executives and they are the one whoprepare the plan and policies for developing brand image and goodwill for the businessventure. In order to meet their objectives, employees of Samsung have to provide best ofthe result to them so that revenue and productivity of the firm can be increased in theconsumer electronics segment. Further, with more distribution of mobile phones it willsignificantly improve goodwill and profit.Shareholders- These are treated as investors and they involve deposit some amount ofcapital within business venture.Samsung being a public limited company acceptsdeposits from the public through initial public offer. Moreover, those who have investedmoney in the organization are treated as shareholders for the business venture. The majoraim of Samsung is to give their investors productive return in the form of dividends.More dividends will lead to more investment and significantly it will increase moreshareholders to the organization (Kew and Stredwick, 2005). Further, these shareholdersare interested in the information which enable them to access a good amount of dividendin coming time period.Lenders- Lenders are the creditors for business venture and they are the one whoprovides short term and long term loan to the cited firm. Samsung's major lenders arebanks, financial institution and also different corporate friends. The major objective ofthe firm towards them is to return the amount of loan within specific due time. However,if not so then it will affect their brand image immensely.2

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