Report on Types of Business
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Added on 2020-02-12
Report on Types of Business
Added on 2020-02-12
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Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1P.1 Describe the type of business if it is a sole trader, partnership or private limitedorganisation, mention the purpose and ownership of two contrasting businesses......................1P.2 Describe the different stakeholders.......................................................................................2M1...............................................................................................................................................3D1................................................................................................................................................3TASK 2............................................................................................................................................3P3 Describe how two businesses are organised in terms of their structures and functioningareas.............................................................................................................................................3P.4 Explain how the style of organisation of your chosen businesses helps them to fulfil theirpurposes.......................................................................................................................................4ASSIGNMENT -2...........................................................................................................................4TASK 3............................................................................................................................................4P.5 Describe the influence of two contrasting economic environments on business activitieswithin a selected organisation.....................................................................................................4TASK-4 ..........................................................................................................................................5P.6 Describe how political, legal and social factors are impacting upon the business activitiesof your selected organisations and their stakeholders.................................................................5M 3 Compare the challenges to your selected business activities within your selectedorganisation, in two different economic environments...............................................................6D 2 You would have evaluated how future changes in economic political, legal and social.....7CONCLUSION ...............................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONBusiness environment includes all the internal and external factors that affect how thecompany functions including employees, customers, management, and supply and demand andbusiness regulations. External and internal factors can influence each other and work together toaffect a business. There is a close and continuous interaction between the business and itsenvironment. This interaction helps in strengthening the business firm (Botha, Kourie andSnyman, 2014). The present report is based on Sainsbury and The Royal Society for thePrevention of Cruelty to Animals (RSPCA) which is a not for profit organization. The report willdescribe the type of business, purpose and ownership of two contrasting businesses and explainhow their style of organization helps them to fulfill their purposes. Further, it will describe howpolitical, legal and social factors are impacting upon the business activities of the selectedorganizations and their stakeholders.P.1 Describe the type of business if it is a sole trader, partnership or private limited organisation,mention the purpose and ownership of two contrasting businessesSainsbury Sainsbury’s Supermarkets is the UK’s longest standing major food retailing chain, havingopened its first store in 1869. The Sainsbury’s brand is built upon a heritage of providingcustomers with healthy, safe, fresh and tasty food. It differentiates itself by offering a broadrange of great quality products at fair prices with particular emphasis on fresh food, a strongethical approach to business and continuous leadership and innovation (Boons and Lüdeke-Freund, 2013).Main goals and purposeAt Sainsbury\’s they will deliver an ever-improving quality shopping experience for theircustomers with great products at fair prices. Their aim is to exceed customer expectations forhealthy, safe, fresh and tasty food, making their lives easier everyday (Hamilton and Webster,2015.).Type of ownershipThe type of ownership is Sainsbury’s are public limited company (plc) – has its shares boughtand sold on the stock exchange.The Royal Society for the Prevention of Cruelty to Animals (RSPCA)1
RSPCA stands for The Royal Society for the Prevention of Cruelty to Animals. The RSPCA\’svision is to work for a world in which all humans respect and live in harmony with all othermembers of the animal kingdom.Main goals and purposeThe main goals for RSPCA is reducing the use and suffering of dogs in medicines testing. Thepurpose is to give animals with special needs and give pets a loving care homes(Csikszentmihalyi, and Sawyer, 2014).Type of ownershipThe type of ownership RSPCA fit into is charitable trust; this is set up to raise funds and supportother people and animals for good cause.P.2 Describe the different stakeholdersSainsburyThe key stakeholders for Sainsbury’s areCustomersThey want a company to produce high quality, value for moneyproducts. They like to see improvements that give them bettervalue for money.EmployeesTheir stake is that the company provides them with a livelihood.They seek security of employment, promotion opportunities, andgood rates of reward (Carroll and Buchholtz, 2014). They alsowant to work for a company that they are proud of.SuppliersWant steady orders and prompt payment. They also want to feelvalued by the company that they supply.The Royal Society for the Prevention of Cruelty to Animals (RSPCA)EmployeesThe employees will need to be happy to be working on avoluntary basis and also need to be caring for the animals that aresuffering.GovernmentsThe government wants the business to be successful – it wants tosee prosperous businesses that take a full responsibility inlooking after the welfare of society.Local and nationalThe actions of business can have a dramatic effect on2
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