Key Elements of Business Environment

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Added on 2020-01-16

Key Elements of Business Environment

Added on 2020-01-16

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BUSINESSENVIRONMENT

INTRODUCTIONThe Environment is the key element which affect all the businesses and people aswell. Every company needs to maintain environment in the interest of people. Its aresponsibility of Government, public and private company in order to grow sustainabledevelopment. Nestle company Ltd is the world's largest food producer which deliver varioustypes products for people in a worldwide. Its headquartered in Switzerland. Around billionsof people receive its goods and services and enjoy from so many many years. Nestle hasaround 451 factories which are operated in approx 192 countries. The company needs tomanage its operation in order to grow sustainable development in the interest of people.Monetary, fiscal and competition policy having a impact on existence of organization.Entities needs to make strategies and planning which assist them in smooth running ofperformance. International trading can boost up their performance in international market andprovide employment to lots of people. Various types of competition market are based onmarket demand and supply (Iskanius and et.al, 2010). TASK 1 1.1 Purpose of different types of organizations.Various types of companies which are able to work according to fulfil the needs ofcustomer in order to maintain environment and grow sustainable development. These variousorganization are as defined below:Public companies- These types of organisations are incorporated bygovernment and main aim is providing its services to people. The main aim ofthese entities is social service and provide goods and services in a reasonablerate. Public companies have a responsibility to maintain their businessenvironment in order to protect the interest of people (Xue and Ren, 2010). Private companies- Private sector is incorporated by the private person thereis no influence of government. The main purpose of these entities is providinggoods and services to people and earning more profits as well. These are theprofit making organizations. Some examples of private sector are partnershipand sole proprietorship. An individual person has a ability to incorporate new

company and run it as well. Nestle is provides so many goods and services invarious countries with out any kind of help of Government. Voluntary companies- These entities refers to different types of persons cometogether with a common objective and run a business. The main purpose ismaking more profits and distribute them equally between them. Members ofthis sector are come voluntary without any force and make a company with aset of common goals (Klapper and et.al, 2011). 1.2 Extent to which an organization meets the objective of stakeholder.Nestle company having a various types of stakeholders who are able to influenceexistence of the company. Stakeholder can individually or jointly may affect the performanceof entity in international market. Various types of stakeholders of Nestle are as following:Customers- They play a important role in any company. Nestle providevarious types of goods and services in to satisfy the needs of their customerand earn more profit. Consumer's demand and requirement are affect morethrough which sale of company is affected (Bughin and et.al, 2010). Finance provider- Persons who help Nestle financial are play a vital role incompany. Its a main source, through which any organization purchase rawmaterial from suppliers and converted them into finished product after thatdeliver them in international market for their customers.Government- Various types of policies, rules and procedures are framed bygovernment which having a impact on performance of Nestle company. Like;they set policies and rules for production limit and export and import relatedwhich affect Nestle. Because it is a international food producer companywhich deliver products in various countries (Chavis and et.al, 2011). Suppliers- Whenever, Nestle going to start production process they purchaseraw material from their suppliers and converted then into finished product.Suppliers are able to affect performance of company in international market.Employees- Staff members or workers assist Nestle company Ltd to meet itsdesired goals and objective. Organization needs to pay them bonus andincentive for their collective efforts towards entity.

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