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Business Ethics INTRODUCTION

   

Added on  2020-07-23

11 Pages2817 Words328 Views
Business Ethics
Business Ethics INTRODUCTION_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types of organisation, purpose and ownership ......................................................1P2 Different types of stakeholders .............................................................................................2TASK 2............................................................................................................................................3P3 Describe how two companies are organised..........................................................................3P4 Explain how their style of organisation helps them to fulfil their purposes..........................4TASK 3............................................................................................................................................4P5 Describe the influence of two contrasting economic environments on business activities . .4TASK 4............................................................................................................................................5P6 Describe how political, legal and social factors ...................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
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INTRODUCTIONIn the current era, business industry is the fastest developing sector in nature foreffectively manage and control all over organisation firms so there regulated and enacted someeffective rules and regulations by the government of country. Business ethics refers to, aparticular firm of basic working polices, ethics, norm and rules, which all are have to befollowed by their employment in appropriate manner so they can achieve their decided visionand mission as well. In this research report will be discussed about different types of businessfirm as well as their major purpose (Crane and Matten, 2016.). There have some major factorswhich can be impacting on enterprise and their activities so it is required to properly analyse andevaluate them in process. There will be explained about two types of organisations profit andnon- profit companies. Mark and Spencer(M&S) is one of the largest clothing company in UK.Along with this, National Health Service (NHS) is a national non profit organisation in UK. TASK 1P1 Different types of organisation, purpose and ownership The two businesses have selected are Marks and Spencer (M&S) and the National HealthService (NHS). Marks and Spencer (M&S) M&S is an international company and is part of the tertiary sector. An internationalbusiness is a business that operates and sells products/services around the world, M&S trades inEurope, the Middle East and Asia. M&S is a public limited company, the public part of it meansthat shares can be brought by the public and the limited company part means that it has limitedliability (De George, 2011). Having limited liability has many advantages as it protects ashareholder from being responsible for more than their share of the company so they wouldn’t beaccountable for the liabilities resulting from the bankruptcy. Being part of the tertiary sectormeans that M&S provides services in the form of selling groceries, clothing and home products.The purpose of M&S is to supply products, M&S also offers services but that isn’t their primaryway of doing business. M&S is driven by profit meaning that they make sure that their salescover all of their running costs and more (Trevino and Nelson, 2011). Running costs includeanything that the organisation needs to spend money on in order for the company to operate(salaries, utilities and rent). When M&S was founded the main goal was to only sell British made1
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