Business Environment: Stakeholders, Ownership and Business Operations

This report delves into the business environment, exploring the influence of various stakeholders on business operations and ownership. It examines different ownership models, contrasting the features of profit-based organizations like Marks & Spencer with non-profit organizations such as Sue Ryder. The report highlights the significance of stakeholders including customers, shareholders, employees, suppliers, distributors, and volunteers, and how each group impacts the company's decisions, objectives, and overall success. It emphasizes the crucial role of stakeholders in both for-profit and voluntary organizations, illustrating their contributions to wealth creation, productivity, quality of services, and community welfare. The report concludes by summarizing the contrasting features of the two types of organizations and the influence of stakeholders on the business.

Business Environment – Range of different
businesses and their ownership

INTRODUCTION
In order to carry out the effective business functions, there are large number of
stakeholders who contributes towards the successful operations of the business. This
study will focus towards the Business environment and different ownership within
two different types of the business.

TASK 2- Influence of the different stakeholders on the business
Stakeholders are the person or a group of person within the
organization who own a share in the business. However, the primary
stakeholders are investors, employees, customers and suppliers. The
stakeholders are those who have the power to influence the
decisions, objectives and success/failure of the organization. Some
stakeholders of the profit based organizations are described below:

CONTINUE…
 Customers: These are the end users who consumes the goods and
services so these are one of the important stockholders which allows the
company in selling products in exchange of the money which helps in
making the wealth for the company (Fin, 2019). These influence the
demand and supply of the goods and services which directly effects the
sales and profitability of the firm.
 Shareholders: These are the person who owns the company as they
have contributed the part of capital to function the business. They all
buys the shares of the company in order to generate the revenue from
such investments. They influence the investment of the firm and hence
in absence of shareholders, the company cannot be able to make
changes which requires huge costs

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 Employees: They are one of the important stakeholders who contributes towards the
production and operational activities of the business which leads to the increased sales of
the company. Thus they influence the productivity of the firm.
 Suppliers, Distributors and other business partners: In order to run the business, it is
very important to build the long term relationships with the suppliers and distributors of the
company as the suppliers are the one who supports the organization by providing high
quality of raw material. Also distributors are those who makes the goods available to the
final consumers (Monahan and et.al., 2018). The suppliers may influence the quality of the
finished products and the distributor may influence final consumers via the ineffective
distribution channel.

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 In Voluntary organizations, the staff are the volunteers who are not aimed at
achieving the profits so their efforts are purely contributed towards the efficient and
effective way to succeed the charity.
 Founder: The person who owns and manages the business without aiming to create the
profits. So this is one of the important stakeholder who influence the mission, vision
and objectives of the company.
 Community: They are the person who act as the final consumers who consumes the
goods and services provided by the organization. So Voluntary organization is mainly
aimed at welfare of the community.

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 volunteers: They can be defined as the workers or employees of the organization
who manages and performs the functioning of the business. They influence the
operations and functionalities of the organization.
 Donors: They are one of the important stakeholders of the company who
contributes the capital and raise the fund within the firm. These stakeholder
influence the quality of services to the people.

CONCLUSION
 This report has developed a understanding about contrasting features of Marks &
Spencer as well as Sue Ryder which is a non profit organisations. It has also
explored different stakeholders of the company who influence the operations
within the business.

REFERENCES
 Monahan, W. and et.al., 2018. Challenges and Opportunities in Trade‐off
Analytics for Systems of Systems. INSIGHT. 21(4). pp.22-28.
 Veldhuis, G.A., de Reus, N.M. and Keijser, B.M., 2018. Concept development for
comprehensive operations support with modeling and simulation. The Journal of
Defense Modeling and Simulation. p.1548512918814407.

Thank You