Table of Contents
P1 (1.1): describe the type of business, purpose, and ownership of two contrasting businesses.
P2 (1.2): describe different stakeholders who influence the purpose of two contrasting businesses.
P3 (2.1): describe how two businesses are organized.
P4 (3.1): Explain how their style of organization helps them to fulfill their purposes.
P5 (4.1): describe the influence of two contrasting economic environments on business activities within a selected organization.
P6 (4.2): Describe how political, legal and social factors are impacting upon the business activities of the selected organizations and their stakeholders.
This assignment is based on two particular organizations, where one is McDonald’s and the other one is Love Without Boundaries. McDonald’s is a profitable business organization in the UK. McDonald’s is a successful organization in the restaurant and hospitability industry. It has been successfully operating in both domestic and international marketplaces, where the key success has come from advanced economies including the UK, EU, USA, Canada, and Australia. In current global marketplaces, it has more than 33,000 branches, where it is serving millions of customers every day with its over 1.5 million dedicated and devoted employees. McDonald’s key products are breakfast items, burgers (including chicken burgers, hamburgers, and cheeseburgers), chicken products, tea and coffee, soft drinks, dessert, French fries, etc.
McDonald’s was established in 1954 opening a single restaurant in the USA, while only by six decades it has been able to reach its current position gaining huge success across the world. Now McDonald’s in the UK is found everywhere where a high density of people is available including shopping malls (like Westfield), near the train and underground stations, national parks and museums, close to the universities and populated communities, motors ways, etc. The key secret of McDonald’s success is offering healthier and fresh products and meeting customers’ changing needs and expectations (McDonald’s Corporation, 2018). On the other hand, Love Without Boundaries is a non-profitable charity organization in China. Love Without Boundaries is an authentic international charity that provides hope and healing to orphaned and vulnerable children, and their underserved communities, through its education, nutrition, medical, and foster care programs (Love Without Boundaries).
P1 (1.1): describe the type of business, purpose, and ownership of two contrasting businesses
The aims of McDonald’s to be a leading retailer in both domestic and international marketplaces. The key objectives of McDonald’s are to a) gain improved market share with high customer satisfaction; b) gain improved employee satisfaction with high retention level; c) develop a strong relationship with the business stakeholders; and d) gain improved revenue and profits. The key proposes of McDonald’s are to gain improved revenue and profits by providing excellent customer services along with the products meeting the customers changing needs and expectations with maintaining quality and integrity.
The organization has expanded its business in many countries. Their main target to set up the organization is to create their own job. Now the organization turns into a public limited company from the partnership business (Cherunilam, 2010). McDonalds doing their business cross the national border like UK, Canada, France, and many other countries. The expansion of the business throughout the world and maximization of profit is the main purpose of McDonald’s. McDonald’s offer their share in the capital market and this share is listed in the share market. It is a multi-channel retailer cross the national border through the increasing product range.
McDonald’s is not only the primary or secondary but it fills all the three functions of primary, secondary, and territory departments. McDonald’s produces and collects raw materials for manufacture, that’s why it is the primary organization. McDonald’s performs the functions of secondary industry such as; it makes small components for some largest companies. McDonald’s also has cotton sourcing, production, and distribution. So, McDonald’s performs territory organization.
Love Without Boundaries
The aims of Love Without Boundaries are to a leading charitable organization in China. The key objectives of Love Without Boundaries are: to provide hope and healing to orphaned and vulnerable children, and their underserved communities, through its education, nutrition, medical, and foster care programs. Supporting orphaned and vulnerable children through providing health and care services and educations is Love Without Boundaries’s business purpose. It offers a number of quality services to the disadvantaged children in the local communities of China. Love Without Boundaries is a non-profit organization.
Consulting service considering children necessary for support is the objective of the Love Without Boundaries. Industrial sector. The Company is a national level Company as it spreads its services in different corners of China. Love Without Boundaries is operating in the primary sector. Love Without Boundaries is a territory organization because of its service-oriented activities. Love Without Boundaries mainly operates service business. Love Without Boundaries provides services in China and some other countries to a little extent.
P2 (1.2): describe different stakeholders who influence the purpose of two contrasting businesses
Stakeholders are those who have an influence on the organization or who are influenced by the organization.
Stakeholders of McDonald’s
The stakeholders of McDonald’s are employees customers, suppliers, shareholders, investors, local communities, local and national government and pressure groups, owner, creditor, government, and management are also considered as the stakeholders of McDonald’s.
The owner is those who invest in a business organization. The owner has an objective behind the investment that objective is wealth maximization or profit maximization.
Creditors are those who provide finance to the organization. They are considered external financers. They finance to an organization in return of interest…………………….