Purposes of Different Organization | Iceland Supermarkets

Added on - Feb 2020

Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 4 of 13 pages
Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Purposes of different organization........................................................................................11.2 The extent to which it meets the objectives of its different stakeholders.............................21.3 Organization's various responsibilities and ways to meet them............................................3TASK 2............................................................................................................................................42.1 different types of economic systems.....................................................................................42.2 Impact of fiscal and monetary policy....................................................................................42.3 Impact of competition policy and other regulatory mechanism on organization..................5TASK 3............................................................................................................................................63.1 Impact of market structure....................................................................................................63.2 Impact of market forces........................................................................................................63.3 Impact of business and cultural environment........................................................................7TASK 4............................................................................................................................................74.1 the significance of international trade to Iceland Supermarket.............................................74.2 the impact of global factors on Iceland Supermarket............................................................84.3 Impact of policies of the European Union on Iceland Supermarket.....................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONAdvancement in technology and turbulence in market has made the degree of competitionfor organizations operating in it very fierce and aggressive. It gets influenced by the wide rangeof factors both external and internal. External factors refers to those that affects organization'sfunctioning on wider scale that is government's policies, political structure, economicenvironment, technological advancements, social and cultural aspects and legal structureprevailing in the country Whereas internal factors are those that directly affects its strategymaking such as customer's perception about company's offerings, operational management,employer-employee relations, production and logistics. Organization works under the influenceof these factors and make policies and strategies accordingly (Björklund, 2011). Report isprepared to discuss operations of organizations which is adopted by management for itssustainable growth, profit maximization and higher degree of consolidation with customers. Forthe purpose, Iceland supermarket is taken into account. Report throws light on the vision,mission, objectives and it working.TASK 11.1 Purposes of different organizationIceland SupermarketsIceland supermarkets is a British supermarket chain. Having 1.8% share in UK foodmarket, it is a privately owned company which sells frozen foods including prepared meals andvegetables. It has been recognized as fastest growing and most innovative retailers.Purpose: Private organizations functions to maximize their profits by providing optimum level ofservices and quality products. Iceland supermarkets is committed to provide safe healthy andethically sourced food (Carroll and Buchholtz, 2014).KFCKentucky fried chicken is the largest fried chicken chain in the world. It is the subsidiaryof an organization Yum brand. Subsidiary are the companies whose 50% stock or more areowned by another company.Purpose: KFC functions with the purpose of optimizing its job and making their customersatisfied by providing them by providing them fast and friendly environment that appeals largernumber of customers.Transport for London1
Transport for London is government organization which works to manage the transportservices in London and implement effectual strategies for it efficient management. It comes intothe category of statutory organizations. Statutory organizations are complete owned byGovernment or sub national Government bodies. It has no shareholders and it entitled to providebetter services to public with no motive of profit generation. This organization Functions tofacilitate countrymen with good transport and safer roads (Chi, Kilduff and Gargeya, 2009).Cancer ResearchCancer research is an organizations works to research on prevention, diagnosis andtreatment of cancer. It a non profit organization, functions for a philanthropic goal in publicinterest and common good. It does not aim for profit generation. There charitable organizationsrun by donations, legacies and community support.1.2 The extent to which it meets the objectives of its different stakeholdersNo organisation works in isolation, it functions under the influence of working andneeds of stakeholders. Stakeholders are the people who are attached to the organisation foprany interest. Established in 1969 and significant share of 1.8 in UK food market, Icelandsupermarkets is a large family of employees, suppliers and customers (Czinkota and et.al,2009). Operations and working of organisation is affected by the needs, perceptions andother attributes of these stakeholders. Along with these external bodies also have greatimpact over it such as Government and legislative bodies. Major stakeholders of Icelandsupermarkets are customers, employees, suppliers, government and other legislative bodies.Customers: Mentioned organisation is known for its personalised and thoughtful servicesand the quality products it offer. Customer satisfaction and freshness are the fundamentalgoals in their strategy. To satiate the needs and different choices of customers, organisationhas the wide range of products in different categories. It delivers the outstanding customerservice with the distinguished products (Davidavičienė, 2008). It has been known as thepioneer to eliminate artificial flours and preservatives in products. It offers products thatseals tastes, freshness and nutritional value into it.Employees: Cited organisation is known for the best place to work in. It understands theimportance of their employees and always make sincere efforts to provide them healthy andresourceful work culture. Organisation believes that it should be the place for enhancement2
Desklib Logo
You are reading a preview
Upload your documents to download or

Become a Desklib member to get access