Nestle's Business Environment : Report
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Added on 2020-01-23
Nestle's Business Environment : Report
Added on 2020-01-23
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Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Different types of organization..............................................................................................31.2 Nestle meets the objectives of different stakeholders............................................................41.3 Corporate social responsibilities of Nestle............................................................................4Task 2...............................................................................................................................................52.1 Economic system attempt to allocate resources which are used by Nestle...........................52.2 Impact of fiscal and monetary policy....................................................................................52.3 Evaluating the impact of competition policies......................................................................6Task 3...............................................................................................................................................63.1 Market structures determine the pricing and output decisions of Nestle...............................63.2 Market forces can shape Nestle organizational responses.....................................................73.3 Business and cultural environments......................................................................................7Task 4...............................................................................................................................................84.1 Significance of international trade.........................................................................................84.2 Impact of global factors on Nestle.........................................................................................94.3 The impact of EU policies on businesses operating in UK...................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTION In the modern era, every business enterprise needs to take care of the environment underwhich it is carrying out its activities and operations. It can be stated that business practices aredirectly affected by any kind of changes in political environment of country or at internationallevel. Along with this, changes in taste and demand of people in the market also force a companyto make modifications in existing practices, products and services delivered. The presentresearch report is based on Nestle which is one of leading brands in the world. Furthermore, theexpectation of stakeholders and the way how Nestle is accomplishing its responsibilities towardsstakeholders is highlighted in the report. Apart from this, discussion regarding the impact ofmonetary and fiscal policy on activities of Nestle is also mentioned in the present research.TASK 11.1 Different types of organization In simpler terms organization can be defined as a place where different people place theirefforts towards accomplishment of common objectives and goals. The different type oforganization along with their purpose is explained below as: Public sector enterprise – These are the business units which operate with an objective toprovide quality services and products to people in the market. However, it can be arguedthat the price policy used by these enterprises is moderate (Lusardi, and Mitchelli,2007). Private enterprise- These are the type of businesses whose main purpose behind carryingout their activities is to earn higher profits and market share. The selected businessenterprise or Nestle falls under the category of private enterprise as it places efforts toearn more and more profits. Non profits organization – These are the organization whose purpose is to ensure growthand development of people living in society. Here, profit making is not taken intoconsideration and these enterprises operate for social cause. Partnership firm – It is a kind of business enterprise in which two or more than twoindividuals or parties are integrated together with an objective to achieve common goalsand aim. Profit earning is the prime purpose of such business enterprise. Sole traders- It is an kind of business enterprise which are being owned and managed bya single person. Lowering down losses and earning higher profits is the main objective ofthese businesses.
In terms of Nestle, it can be stated that the main purpose of selected business enterprise isto deliver the best quality of food products and services to all its customers. Its mission is toenhance degree of customer satisfaction (Nestle, 2016). 1.2 Nestle meets the objectives of different stakeholders Every company has certain external and internal stakeholders which need to be managedand taken care of in the best possible manner. External stakeholders such as customer’s wantsthat the firm should deliver best quality of products and services to them at convenient prices. Onthe other hand employees of Nestle want that they should be provided with adequateopportunities of personal growth and development. The objective of stakeholders such asshareholders is that adequate profits and return should be provided to them at regular intervalsagainst the money which they have invested in Nestle (Malhotra and Hinings, 2010).Government is also considered as a very important stakeholder who needs to be taken care of bythe selected business enterprise. Here, the government of country wants that Nestle should notindulge in any kind of unfair practices and it should strictly follow all laws, regulations at thetime of conducting its operations. In order to sustain in long run, it is the main responsibility ofcited firm to meet the objectives in the best possible manner (Chaiprasit and Swierczek, 2011).Here, customers are being provided with quality food product according to their changingdemand. Along with this, the company strictly follows all rules and regulations developed indifferent countries. It also provides personal and professional growth opportunities to workerswith the help of process such as training and development. 1.3 Corporate social responsibilities of Nestle Nestle is considered as one of the largest brand of food in the world and it has wide rangeof responsibilities towards society and people living in the same. It can be stated that Nestle isindulge in carrying out manufacturing of confectionary products and while conducting itsoperation, it is required to ensure that its business practices are not affecting environmentnegatively. Here, the company needs to take care of air and noise population carried out by itsmanufacturing units. Other than this, it is also the key social responsibility of Nestle to make surethat it does not get indulge into unethical and illegal practices. At the time of carrying outoperations in any of the country, it is the sole responsibility of Nestle to make sure that it complywith all the laws, regulation, standard at international and nation level. Apart from this, it is alsothe key responsibility of Nestle to manage and take care of health and safety of all its workers in
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