Business Environment Sample Of Nestle
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Added on 2020-01-07
Business Environment Sample Of Nestle
Added on 2020-01-07
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BUSINESS ENVIRONMENT 1
Table of ContentsINTRODUCTION................................................................................................................................3TASK 1.................................................................................................................................................31.1 Purposes of different types of organizations...............................................................................31.2 Describing the extent to which Nestle Company Ltd meet stakeholders purposes....................41.3 Explaining the responsibilities and accountability of Nestle towards stakeholders...................5TASK 2.................................................................................................................................................62.1 Allocation of business resources in different types of economic system...................................62.2 Assessing the impact of monetary & fiscal policies on Nestle...................................................62.3 Evaluating the impact of competition laws & policies...............................................................7TASK 3.................................................................................................................................................73.1 Explaining market structures and pricing & output decisions....................................................73.2 Ways through which market forces shape organizational responses..........................................83.3 Impact of business & cultural environment on Nestle................................................................9TASK 4...............................................................................................................................................104.1 Significance of international trade to UK business enterprise..................................................104.2 Impact of global factors on Nestle............................................................................................104.3 Impact of policies of European Union on UK Business Company..........................................11CONCLUSION...................................................................................................................................11REFERENCES...................................................................................................................................132
INTRODUCTIONIn the dynamic, volatile and uncertain corporate situation, every firm requires to analyze andexamine their internal and external environmental forces such as operations, suppliers, economicalsituation, competitor’s strategies, legislations and policies as well. It enable firms to determine thepotential impact and thereby enable top-tier managers to develop suitable policies & decisions toensure stability and long-term continual. Nestle UK is a leading merchandiser of food products thatserve larger audiences over worldwide. Being an international organization, it is really important forthe business to examine their market forces for ensuring sustainable progress and development. Thetarget of this assignment is to identify different types of organizations and the strategic policies thatfirm employed to satisfy their stakeholders. Moreover, resource allocation system in differenteconomies & global market conditions also will be addressed to identify the impact of prospectivechanges so as to develop smarter quality decisions for reaching towards defined targets. TASK 11.1 Purposes of different types of organizationsIn the British economy, there are numerous types of organizations having different structuresand sizes who are delivering varied services to the people. It is mainly categorised into two types ofbusinesses that are numerated here as under:Public organizations: Government owned enterprises are known as public businesses andtheir main motive is to deliver services to the people for the social welfare and progress to become aleading nation. Private organizations: As name implies, such type of establishments are owned byindividual/s who run owes responsibilities for the successful survival and regular functionalitykeeping in view their profit maximization objective (Klapper, Lewin and Delgado, 2011). It may beof three types, sole proprietorship, partnership & company. Sole trader is a single owner businesswho put capital and run functions; partnership is a association of more than two people whereascompany is a separate legal entity that is established by complying with the company legislation(UK Company Act, 2006). Vision: Nestle is a private limited organization whose vision is to become a competitive &leading nutrition, health & good wellness business delivering best value to the shareholders. 3
Mission: Company’s mission is to become a good food, good life distributing company byrendering best quality of taste and nutritional & healthy choices in variety of range to the people.Aims and objectives: To deliver high quality, healthy and nutritional food and beverage facilities to the consumersTo offer cost-effective products in variety of range to make it affordable for the usersTo maximize revenues & profitability for maximizing competitive strengthTo recruit talented & competent workforces to render superb and excellent quality servicesNestle focuses on catering their stakeholder’s requirement such as suppliers, taxationauthorities and shareholders as well. For instance, it regular communicates with the shareholdersand invite them in board meetings and decisions, while it abide rules, regulations & policies of thegovernment and pay timely taxes to the statutory bodies as per the applicable rates. 1.2 Describing the extent to which Nestle Company Ltd meet stakeholders purposesEach and every individual & institution who are interested in the functioning of the NestleCompany Ltd is called stakeholders, may be internal & external, and narrated underneath:Employees: People who put their valuable efforts and contribute towards the success of theentity in any way, are called workers or employees. In order to meet their objectives, Nestle isfocused towards treating their personnel effectively without any biasness or disparities. It alsointroduces training sessions keeping into mind personal & professional growth of workers (Carrolland Buchholtz, 2014). Apart from this, giving them good remuneration, other financial benefits interms of bonus, incentives, monetary awards & non-monetary advantage like welfare activities,health benefits, good working conditions also satisfy workers Customers: Excellent quality of nutritional items, improved services, cost-effective goods,delivery of wide range of services at convenient location and other satisfy consumers’ unmetdemand and wants. Institutions: Being an international business, Nestle is abided with the ethical trading4
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