Report On NESTLE | Different Nature Of Business
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Added on 2020-02-17
Report On NESTLE | Different Nature Of Business
Added on 2020-02-17
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UNIT 1Business Environment:A case Study on Nestle1
Table of ContentsIntroduction:.....................................................................................................................................................................LO 1: Understand the organisational purposes of businesses:.........................................................................................1.1 Identification of the purpose of different types of organisation:...........................................................................1.2 Describe the extent to which an organisation meets the objectives of differentstakeholders:................................................................................................................................................................1.3 Responsibilities of an organisation and strategies employed to meet them:.........................................................LO 2: Understand the nature of the national environment in which business operate:...................................................2.1 Explain how economic systems attempt to allocate resources effectively:...........................................................2.2 Assess the impact of fiscal and monetary policy on business organizations and theiractivities:......................................................................................................................................................................2.3 Evaluate the impact of competition policy and other regulatory mechanisms on theactivities of a selected organization:............................................................................................................................LO 3: Understand the behaviour of organisations in their market environment: ...........................................................3.1 Explain how market structures determine the pricing and output decisions of businesses:......................................................................................................................................................................................3.2 Illustrate the way in which market forces shape organisational responses using a range ofexamples:...................................................................................................................................................................3.3 Judge how the business and cultural environments shape the behaviour of a selectedorganisation................................................................................................................................................................LO 4: Be able to assess the significance of the global factors that shape national businessactivities: .......................................................................................................................................................................4.1 Discuss the significance of international trade to UK business organizations:...................................................4.2 Analyse the impact of global factors on UK business organisations...................................................................4.3 Evaluate the impact of policies of the European Union on UK business organisations:.....................................Conclusion: ...................................................................................................................................................................2
Introduction:The following report has been constructed in the context of Nestle. In this report, thevarious organisational purposes of different nature of business will be presented along with theimportance of managing the stakeholders. The importance of economic policies will bedocumented along with the impact of the market structure on the pricing structure of Nestle.Further, the contribution of business and cultural environments in shaping the behaviour ofNestle will be obtainable. In the latter section of the report, the importance of internationaltrade and global factors on the business of Nestle will be presented. LO 1: Understand the organisational purposes ofbusinesses:1.1 Identification of the purpose of different types of organisation:Craig & Campbell (2012), mentioned, that in the business world, there exists a numberof establishments which are also addressed as organisations. Organisations have beencategorised by taking into consideration the nature of their organisational objective along withtheir sector of purpose. Based on their distinctive purposes, organisations are characterised bytheir distinct operating areas, vision and culture along with the organisational values. The aimsof an establishment reflect varied operations and purposes. While keeping a profound eye ontheir individual interests, the end intentions are outlined. Watson (2013), revealed that the business world is characterised withthree sectors ortypes which include private limited company, profit and non-profit organisations. Based on thelegal structure, organisations can be further classified in private, public, and voluntaryorganisations. The private organisations are considerate both about the profit of the businessalong with the profit of the customers. Hence, they are recognised as profit organisations.There are governmental organisations who are generally constructed for serving the interests ofthe common people. However, these firms can be both profit and non-profit. Further, thevoluntary organisations like NGOs (Non-governmental Organisation) are non-profit in nature.The purpose of these establishments depends on the nature of their existence. Thepurposes of the respective organisations is varied in nature. They range from serving4
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