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Understanding the Business Environment
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Added on 2020-01-07
Understanding the Business Environment
Added on 2020-01-07
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BUSINESS ENVIRONMENTSTUDENT NAME:STUDENT ID:UNIVERSITY:1
Executive summaryBusiness Environment helps in understanding organizational purposes well. Apart from theorganizational purpose, it helps in evaluating well factors that affect operations of entities. In thisreport, there has been a well-enclosed research conducted on The Nestle Company Limited in theUnited Kingdom. The company has its branches spread all over worlds successfully. In thisreport, there has been the in-depth analysis of structures and purpose which organization followswell. Further, the environment in which it operates and how it affects the functioning of businessare well mentioned. Lastly, a behavior of organizations in respect with market structures andsignificance of all global factors those are helpful in business activities.2
Table of ContentsIntroduction:....................................................................................................................................4LO1: Understanding various organizational purposes:...................................................................4P1.1 Identification of different purpose of various organizations (AC1.1, M1).............................4P1.2 Different objectives (AC1.2)...................................................................................................5P1.3 Explanation of responsibilities (AC1.3, M3):.........................................................................6LO2: Business Environment and its nature:...................................................................................6P2.1 Economic systems in allocation of resources: (AC2.1, M1)...................................................6P2.2 Assessment of impact of policies (AC2.2, M2)......................................................................7P2.3 Evaluation of impact of mechanisms along with policies: (AC2.3, M3):...............................8LO3: Organizational behavior:........................................................................................................9P3.1 Determination of market structures: (AC3.1, M2):.................................................................9P3.2 Illustration of market forces (AC3.2, M2, D1):.....................................................................10P3.3 Effects of business along with cultural environment: (AC3.3, M3)......................................11LO4: Significance of factors that help in the shaping of business activities:................................12P4.1 Importance of international trade (AC4.1, M3):...................................................................12P4.2 Analyze impact of factors on U.K based entities (AC4.2, M2, D3)......................................13P4.3 Evaluation (AC4.3, M2):.......................................................................................................13Conclusion:....................................................................................................................................14Reference List:...............................................................................................................................153
Introduction:Business Environment on general context refers to collaboration of all internal as well externalfactors that affect the functioning of an organization. It comprises of various factors that affectoperations majorly. Important factors that affect ideally are technology, market structure, andeconomic factors. Government rules and regulations also play a major impact on any business. Inthis assignment, there is the in-depth discussion of sustainable development that is required incommerce for its growth. Along with development business environment also plays a major role.Further, in this assignment, there is the detailed discussion of environment and all factors thataffect Nestle operations in the United Kingdom. Herein the topic is about the businessenvironment through which major factors that affect operations are mentioned in detail. I, being senior manager of Nestle Limited has very well furnished a report below as asked bysenior management. In this report I have covered well all important factors, challenges that entityface while dealing with its operations in the United Kingdom.LO1: Understanding various organizational purposes:P1.1 Identification of different purpose of various organizations (AC1.1, M1)Ideally, there are various different types of purposes accordingly which each business operates.Purposes are generally categorized as:Nestle caters for both the public organizations and private organizations of the market. Thepublic sector organizations are mainly public funded through the government controlledoperations as the structure of public organizations are mostly corporation by the legal norms. Onthe other hand, the private companies can be of sole proprietorship legal structure or they can bepartnership legal structure. Nestle does interact will all kind of organizations through the marketoperations.Types of organizations: There are various different categories of entities and their types aredefined as per their operations performed by them. Business Organizations have their solepurpose of making the profit. In order to make the profit as it is the main purpose behind itsformation, entities ensure that they do it by all ethical means. Above stated entity also followsthis strategy well as it lies in this category. Since corporation makes the profit as it is profitmaking company but has never followed any unethical means to achieve. 4
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