Interaction between Business and Environment
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Added on 2020-02-03
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BUSINESS ENVIRONMENT INTRODUCTION 3 TASK 13 1.13 1.24 1.34 TASK 25 2.15 2.26 2.36 TASK 37 3.17 3.28 3.39 TASK 49 4.19 4.210 4.310 CONCLUSION 11 REFERENCES 12 INTRODUCTION The business and the environment have a close relationship between them. The interaction between the business and the environment is important as it helps in strengthening the company and using resources in an efficient manner (Hazlina Ahmad and et
Interaction between Business and Environment
Added on 2020-02-03
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BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1 ...........................................................................................................................................31.1................................................................................................................................................31.2................................................................................................................................................41.3................................................................................................................................................4TASK 2............................................................................................................................................52.1................................................................................................................................................52.2................................................................................................................................................62.3................................................................................................................................................6TASK 3............................................................................................................................................73.1................................................................................................................................................73.2................................................................................................................................................83.3................................................................................................................................................9TASK 4............................................................................................................................................94.1................................................................................................................................................94.2..............................................................................................................................................104.3..............................................................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONThe business and the environment have a close relationship between them. The businessis an ongoing process and it is affected by number of factors like political, social and economic.The interaction between the business and the environment is important as it helps instrengthening the company and using resources in an efficient manner (Hazlina Ahmad andet.al., 2010).Among the leading companies in the food industry, Nestle is one of the most successfulcorporations. They are expanding their market all over the world with different food items. Thereport will carry out the research about competitive market and the business opportunities for thecompany. Accordingly, the decisions for the new plans would be made to identify cost-effectiveways and in delivering high quality with different products to the customers.TASK 1 1.1The Nestle Company deals with various organizations of different sectors which includeprivate, public, and voluntary sectors. Every aspect has different purposes in serving the people.The following prospects are discussed below:Government- These companies are owned or are having maximum share in thecompany. They are formed with the regards of sustainable development and satisfyingthe people in the long run (Botha, Kourie and Snyman, 2014.). Their main purpose is thewelfare of society and making little profit out of it. These have mainly high market shareand an over growing sales. Private limited companies- They are owned by a single or group of partners and haveminimum interference by the government. Their main motive is to earn maximum profit,expand the business, increasing share in market and to enhance their sales. The power isin the hands of the individuals.Non-profit organizations- These can be either formed by the government or by thegroup of individuals. The main purpose of these companies is to serve customers and notto earn profits. They are made to work on social issues and to serve the community(Chavis, Klapper and Love, 2011).
Cooperatives- In this, the group of members are working together for achieving commonneeds. They are focused on accomplishing the requirements of the community to whomthey are serving. They do not work to earn large amount of profit rather for creating valuefor the group members.1.2In Nestle, all the stakeholders have different interest in the company. Their power androle have a great influence on the operations within the organization (Craig and Campbell,2012). The objectives of the stakeholders are listed below:Customers- It is the most crucial element in the growth of the company. They createdemand in the market for getting right products at the appropriate price with high quality.They urge in getting healthy and efficient item from the company. Nestle ensure toprovide customer with quality products with the minimum prices.Suppliers- They provide raw material or the semi-finished goods to the company. Theyare also important for the organization to maintain healthy relations with them as finishedgoods cannot be formed without the initial ones (Halbert and Ingulli, 2011). Nestle makesure to acquire an efficient relationships with its suppliers.Employees- These are responsible for performing the operations of the company. Theyare an effective means to meet objectives and targets of the company. They are paidsalary against their work. Nestle ensures to benefit employees in the best possible mannerand take measure to motivate them in achieving the targets. Government- These authorities are interested in collecting tax revenue from thecompany. They also define rules and duties which are to be followed by the firm for thebetterment of the society (De Jonge, 2011). Nestle make sure to follow all policies andregulations formulated by the government.1.3The corporate responsibilities of Nestle and the strategies for them are a crucial elementfor achieving targets of the company. The major ones are discussed as under:Responsibility towards social responsibility- In context to meet this, Nestle is requiredto carry out the responsibility towards the community by satisfying their needs. It resultsin effective development of society. The company should consider the preferences ofpeople to meet their needs effectively (Fernando, 2011).
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