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Business Environment Assignment : Vodafone

   

Added on  2020-01-07

14 Pages4485 Words275 Views
Business Environment

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Purpose of different types of business organizations 31.2 Extent to which Vodafone meets its objectives................................................................41.3 Responsibilities of Vodafone and strategies which met objectives..................................5TASK 2............................................................................................................................................52.1 Three economic systems which allocate resources..........................................................52.2 Impact of fiscal and monetary policy on Vodafone.........................................................62.3 Evaluating the impact of UK competition policy.............................................................7TASK 3............................................................................................................................................83.1 Explaining the way in which market structure determine pricing and output decision...83.2 Illustrating the ways in which market forces shape organization 83.3 Business and cultural environment of Vodafone..............................................................9TASK 4..........................................................................................................................................104.1 Importance of international trade for Vodafone.............................................................104.2 Three global factors that have their impact on Vodafone..............................................104.3 Evaluating the impact of EU policies.............................................................................11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12

INTRODUCTIONAn organization is affected by external and internal factors such as employees, customers,management as well as supply and demand which influence the environment of business. It isimportant for the organization to make sure that all the factors that affect the firm negatively areidentified, and appropriate steps are taken to overcome them (Clemmensen, Black, and Skov,2010). The present report is about Vodafone which is one of the largest Britishtelecommunication which provides wider range services. This report covers the different type ofpurposes that an organization play at diverse sectors. Further, it covers strategies that areimplemented by cited firm to achieve their goals and objectives. Moreover, it covers the impactof monetary and facial policy over the organization. Lastly, it also includes the importance ofinternational trade for Vodafone.TASK 11.1 Purpose of different types of business organizationsVodafone contains total revenues with roller coaster journey from the day of inception. Theyofficially live with the base station to make mobile call and dial network as first commercial calldone by the new network. The organization can determine by achieving the goal where the groupof people works together (Cantwell, Dunning, and Lundan, 2010). There are 107,667 employeeswork in the cited firm. There are different divisions such as Vodafone Enterprise and VodafoneGhana. In this context, organization achieves success, and they receive lots of profit. So theyexpand their business in a different place such as Ireland, Romania, Egypt. The main purpose ofcited firm to make sure that they earn huge profit and deliver their customers with high-qualityservices. There are three types of business organization that is considered such as private, publicand charitable Organisation they are as follows:Private Organisation – In this company, it consists of very small organizations. Therequirement of capital is less, owners of this business make development a per the capital thatthey have. The purpose of an organization is to earn a maximum profit by interacting morepeoples, understanding their needs and providing them services accordingly (Elliot, 2011). Oneof the best examples for the private organization is Iceland Ltd. That aims at delivering theircustomers with high-quality services.Public Organisation – These organizations issue securities which ensure the welfare ofpeople. They identify the exact value of the entire company through daily transactions and

trading of business. Their purpose is to focus on making sure that betterment of society ispossible and to deliver employment opportunity. They provide opportunities to employers forwell-being or the society (Moutinho, 2011). They conduct programs for the welfare of peoplewhich provide opportunities for their employees. TESCO is an example of limited publicorganization.Charitable organization: These organizations makes sure that proper support is providedto people whether it may be for mental or physical. Example for this is Caner Research UK; thisfirm makes sure that people are provided with proper information regarding about cancer so thatthey can be safe.Vodafone is considered as a Public limited company which is leading a large sector oftelecommunication in the UK. They achieve success through aggressive acquisition strategy. 1.2 Extent to which Vodafone meets its objectivesEmployees of an organization are considered as the most obvious internal stakeholders. Theyare the one who makes sure that all the services and products are delivered to service userseffectively and efficiently. Further, there are different stakeholders involved like directors, boardmembers, customers, suppliers, employees, etc. (Tang and Musa, 2011). In external stakeholder,they are indirectly connected to an organization such as the policy of the government, media,news organization and much more which gives more effect. The business of Vodafone isaffected with stakeholders including employees, suppliers, NGOs, agents work under agovernment which is detailed below:Employees – This is an important individual which focus on understanding mindset andrequirement of the customer (Teece, 2010). They have direct interaction with customers andprovide adequate information to them. It is important for the organization to make sure that theydeliver their workers with all type of equipment so that they will be delivering their serviceseffectively. The growth of a business depends on the performance of employees.Customers – They help to determine their quality to improve or not whether they aregetting satisfaction with services of Vodafone. The customer determines their demand as well asthe growth of an organization. The company provides a high standard of service which theyperform their work effectively.

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