HND Business: Examining Business Environment, Organisation Types
VerifiedAdded on 2023/03/29
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AI Summary
This report provides an overview of the business environment, focusing on the different types of organisations, including private, public, and voluntary sectors. It explains the size and scope of various organisations, such as Virgin Atlantic and British Airways, comparing their employee numbers, consumer base, net income, and areas served. The report also includes a stakeholder analysis using Mendelow's matrix, categorising stakeholders based on their power and interest in the organisation's strategies, highlighting the importance of managing stakeholders effectively. The analysis covers minimum effort stakeholders, those who need to be kept informed and satisfied, and key players who can significantly influence the organisation's direction. The report concludes with references to relevant academic sources.
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