Table of Contents
Task – 1.
1.1 Identify the purposes of different types of organizations.
1.2 Describe the extent to which an organization meets the objectives of different stakeholders.
1.3 Explain the responsibilities of an organization and strategies employed to meet them.
Task – 2.
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 their activities.
2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization.
Task – 3.
3.1 Explain how market structures determine the pricing and output decisions of businesses.
3.2 Illustrate the way in which market forces shape organizational responses using a range of examples.
3.3 Judge how the business and cultural environments shape the behavior of a selected organization.
4.1 Discuss the significance of international trade to UK business organizations.
4.2 Analyze the impact of global factors on UK business organizations.
4.3 Evaluate the impact of policies of the European Union on UK business organizations.
It is essentials for the business to understand its business environments including internal and external environments. This assignment concentrates on several companies, business and environment relations, and their impact on business stakeholders. Next, this assignment concentrates on various objectives of numerous types of businesses. The second task of this assignment concentrates on the international business environment. The third task of this report concentrates on the behavior of an organization. Lastly, the fourth task of this assignment describes the worldwide aspect which affects the business performances.
Task – 1
1.1 Identify the purposes of different types of organization
What type of organization is Primark?
A private limited organization named Primark has many shareholders and stakeholders. Primark’s shareholders have limited liabilities. Primark works below Scotland, England, and Wales law. Primark does not need to recommend its public share as this is not in the United Kingdom store exchange business. The reason is that a private organization does not have the right to offer a share to the public. However, it can motivate the shareholder to buy its share and can look for new investors or partners. The main aim of this business is to gain profit along with improved market share, customer loyalty, and customer retention level.
Purpose of different kind of organizations
a) The public sector
Public companies are those that work on stock exchanges. One of the biggest public organizations in the UK is TFL. The above 28,000 employees are working for TFL now. It has been able to gain 40% of its income from tariffs and the other 23% come from governments (TLF, 2016). TLF is a public company whose purpose is it has limited liability and it trades share to the general people. Public companies’ aims are to achieve profits and benefit through revenue (TLF, 2016).
Our Recommended Resources:
A charity organization is one kind of organization whose target is not to gain profit. A charitable organization in the UK that is very famous named Global Aid. The aim of this organization is to serve community people and the distress of people across the people. This company helps people in many developing countries including India, Syria, Palestine, and Bangladesh. This is the non-profit companies that motivate the local people to work for it as a volunteer (Global Aid, 2016).
Co-operative organizations are owned by individual persons but have to follow the rules and regulations imposed by the government. One of the popular co-operative companies is Waitrose, which is operating in the UK, mainly in London. The aim of this company is to gain profit and revenue with increased customer retention and loyalty (Waitrose, 2016)………….