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Organizaci'on de la regi'on economica (TASK 11)

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Added on  2020-01-15

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Business Environment TABLE OF CONTENTS INTRODUCTION 1 TASK 11 1.1 Types of organization as well as mission, vision, goals and objectives of cited organization 1 1.2 Stakeholders and their objective and how organization attempts to meet the objectives2 1.3 Various responsibilities of the organization and strategies to meet them 3 TASK 24 2.1 The economic systems and their attempt to allocate the resources effectively 4 2.2 Impact of fiscal and monetary policy on organization and country5 2.3 Impact of competition policy and other regulatory mechanism 6 TASK

Organizaci'on de la regi'on economica (TASK 11)

   Added on 2020-01-15

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Organizaci'on de la regi'on economica (TASK 11)_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Types of organization as well as mission, vision, goals and objectives of citedorganization............................................................................................................................11.2 Stakeholders and their objective and how organization attempts to meet the objectives21.3 Various responsibilities of the organization and strategies to meet them........................3TASK 2............................................................................................................................................42.1 The economic systems and their attempt to allocate the resources effectively................42.2 Impact of fiscal and monetary policy on organization and country.................................52.3 Impact of competition policy and other regulatory mechanism.......................................6TASK 3............................................................................................................................................73.1 Different market structures to determine the pricing, output decisions of the business...73.2 Market forces that shape short and long term organizational responses..........................83.3 Business and cultural environments shape the behavior of organization.........................9TASK 4............................................................................................................................................94.1 The significance of international trade in UK business organizations.............................94.2 Impact of global factors on UK business organizations...................................................94.3 Impact of different economic situations and European Union on UK business.............10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONBusiness Environment depicts all the internal and external factors that influence thebusiness operations of organization. Business environment involves all the factors such ascustomers, suppliers, competitors, development in technology, market, laws, governmentactivities, social and economic conditions etc. (Iskanius, Page and Anbuudayasankar, 2010). Thepresent report is developed on the case scenario of McDonald which is the world's largest fastfood restaurant chain that severs approx. 68 million customers daily in around 119 countries.This report will help in understanding the organizational purposes of different businesses, natureof national environment in which businesses operate and behavior of organizations in theirmarket environment. Along with this, it will help to assess the significance of global factors thatshape national and international business activities. TASK 11.1 Types of organization as well as mission, vision, goals and objectives of cited organizationDifferent types of organizations in UK are as follows,Private: Private organizations include all the businesses which are made to gain profit.Main objective of these businesses is to earn profit such as, Tesco, McDonald's andGoogle. Public: Public Organizations consist of government, publicly controlled and publiclyfunded agencies which deliver public programs, services and products such as TFL,HMRC etc.Voluntary: This type of organizations is also known as community sector or not for profitorganizations. Voluntary sector is a duty that is undertaken by the organizations whichcan be governmental or non-governmental organizations. This is completely differentfrom the public and private sector such as Cancer Research UK.Charitable: Charitable organizations are also known as nonprofit organizations. In somesort, it is different form the voluntary organizations and it is developed for philanthropicgoals and for social wellbeing. For example, educational, religious and other activitieswhich are served for the public interest such as Oxfam in UK.Mission, vision, goals and objectives of cited organization are as follows:1
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Mission: The Statement of McDonald's in terms of mission states that it want to be thecustomer's favorite place to eat and drink. This broad mission of McDonald's clearlydefines the values of it and reflects the experience that customers expect when they walkinto McDonald's restaurant.Vision: The vision of McDonald's is to promote the choices of people with realingredients, taste and transparency. Also, McDonald wants to create opportunity forpeople by creating diversity, offering training to workforce and rewarding theirachievements (Lall and Mengistae, 2005).Goals: Main goal of McDonald is to serve good quality of food in fun and friendlyenvironment by being a socially responsible firm and provide good returns to all thestakeholders.Objectives: Main objective of McDonald is to provide food to its customers with highstandard, quick service and value for money. Thereby, to achieve this objective, citedfirm facilitates and dedicates itself to the highest levels of quality and safety measures.1.2 Stakeholders and their objective and how organization attempts to meet the objectivesStakeholders play a crucial role in the business activities of organization. They are beingimpacted by the organization's activities, aims and policies. Stakeholders of McDonald's andtheir objectives are as follows,Employees: Employees in McDonald's give their time and effort to make businesssuccessful. Their objective is to gain job security, job satisfaction and satisfactory levelpay for their efforts.Managers: Managers are focused on managing all the operations of business. Managerslead and control the employees to achieve the organizational goals. Their objective is toreceive high salary, enhancement in status and growth of the business (Johnston, 2015).Customers: Customers in McDonald are the people who buy fast food meals from itsrestaurants. Their objective is to get safe and reliable food which gives satisfaction andvalue to their money.Suppliers: Suppliers in McDonald supply raw material and fresh food ingredients. TheirObjective from business is to get more profit as well as timely payment.Government: Government plays a crucial role in business as a stakeholder which isresponsible for managing economy and tax charges for the business. Other than this, it2
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