UNIT1 Business Environment : Assignment
Added on 2020-01-28
25 Pages5663 Words305 Views
UNIT1. BUSINESS ENVIRONMENT1
Table of ContentsIntroduction................................................................................................................................2LO1: Understanding the organisational purposes of businesses of Nestle................................21.1 Identifying the purposes of different types of organisation.................................................21.2 Describing the extent to which an Nestle meets the objectives of different stakeholders...21.3 Explaining the responsibilities of Nestle and strategies employed to meet them................2LO2: Understanding the behaviour of organisations in their market environment...................22.1 Explaining how economic systems attempt to allocate resources effectively.....................22.2 Assess the impact of fiscal and monetary policy on business organisations and theiractivities.....................................................................................................................................2The economy of a nation and tax rates are focused by the government in the fiscal policy. In acountry, the stability in prices and the general trust are ensured by the process of monetarypolicy..........................................................................................................................................22.3 Evaluating the impact of competition policy and other regulatory mechanisms on theactivities of a selected organisation............................................................................................2LO3: Understanding the behaviour of organisations in their market environment...................23.1 Explaining how market structures determine the pricing and output decisions of business23.2 Illustrating the way in which market forces shape organisational responses using a rangeof examples................................................................................................................................23.3 Judging how the business and cultural environments shape the behaviour of a selectedorganisation................................................................................................................................2LO 4: Assessing the significance of the global factors that shape national business activities.24.1 Discussing the significance of international trade to UK business organisations................24.2 Analysing the impact of global factors on UK business organisations................................24.3 Evaluating the impact of policies of the European Union on UK business organisationsagriculture..................................................................................................................................2Conclusion..................................................................................................................................22
IntroductionThe business environment means all the factors that may affect the functions of anorganisation that involve management, consumers, employees, supply, demand and otherbusiness regulations. So, to run a business successfully, it is essential to comprehend thebusiness environment. As a newly appointed senior manager of Nestle Company Ltd, thelearner is responsible to execute to compete with the market and do a research the variousopportunities regarding business. To succeed in the current environment, the learner will make some changes likejudging the implication of the global factors that configures the national activities throughunderstanding the business purpose of the organisation, the type of the national environment,the company behaviour in the global market.Figure 1: Logo of Nestle Inc.(Source: nestle.co.uk, 2016)3
4
LO1: Understanding the organisational purposes of businesses of Nestle1.1 Identifying the purposes of different types of organisationMowday et al. (2013, p.25) stated that, based on the business purposes, organizationscan be classified into three different groups- Public Sector, Private Sector and voluntaryOrganisations. The public-sector organisation provides non-payer services which benefits allof society. The private sector organisations are run by the private individuals with the solemotive of gaining profit against the products and the services provided by them. Theactivities of the organisations directly impact the economy. The non-profit charitableorganisations enjoy certain privileges in exchange for abiding by some restricted laws; andagree to organise and solely to fulfil certain missions. Business organisations can also bedivided by the Limited Liability, Sole Trade organisations and Partnership organisations. ASole Trade organisation is owned and controlled by one person though they employ workersand provide specialist service. Public sector organisation:The government runs the public-sector organisations. These organisations arefinanced by the government. The aims and objectives of this type of organisation are to workfor the welfare of the people. Some of the examples of public sector organisations are BBCand National Health Service. The main objective of public sector organisation is generatemaximum profits and help to contributing in economy development. Private sector organisation:Private sector organisation is the organisations where they aim to generate highrevenue by provided services to the respected customers. This sector organisation is financedby the individual investment, bank loans. Some of the examples of the various organisationsare Virgin Atlantic Airline Airways, ASDA, Aldi and Nestle. As Nestle provides services orproducts to the people for money and their organisational objectives are to get profit, nestle isbeing considered as private sector organisation. Private organisation is like soleproprietorship, partnership businesses, etc. These all are private sector organisation. Nestle isone of prove company where they communicate with sole traders where who govern own5
individual business. Who help to making business effective. Now the main objective ofprivate sector is hire more skilled people and adopt new technology advancement. With thehelp of all these technology advancement private companies generate high revenue. Voluntary sector organisation:The voluntary sector organisation works of the charity or the welfare of the peoplefree of cost. This type of organisations financed by the individual investments and donationsand governmental helps. Some of the examples of the Voluntary organisations are Oxfam andBritish Red Cross. 6
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Report On NESTLE | Different Nature Of Businesslg...
|16
|5193
|199
Analyzing Business Environment of NESTLE : Assignmentlg...
|18
|5453
|49
Understanding the nature of business: 3 Discussionlg...
|16
|4838
|68
Purpose of Cooperative Business- Primarklg...
|27
|8059
|646
Significance of Global Factors in Business- Nestlelg...
|14
|5007
|262
Business Environment Assignment | NESTLE Reportlg...
|13
|5395
|180