Unit 1 Business Environment Assignment Example (GC01001)
Table of Contents
Introduction
1.1 Identify the purpose of different types of organizations.
1.2 Describe the extent to which an organization meets.
Interest and the influence of different stakeholders.
1.3 Explain the responsibilities of an organization and strategies employed to meet them.
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.
3.1 Explain how market structures determine the pricing and output decisions of businesses.
Market structure can be determined by a number of factors:
However, the main ones are 3 factors:
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.
Factor Could include:
4.3 Evaluate the impact of policies of the European Union on UK business organizations.
Introduction
The main factor for a company such as Nestle is to evaluate or analyze its environment of business to achieve the achievement of an organization. The environment of business is divided into two parts. These are micro-environment as well as macro-environment. The environment of macro business contains different outdoor factors for example environmental, political, social, economic, technological, and legal issues. The environment of the micro-business contains different inner factors of a company. This note researches different factors of the environment of a specific company called Nestle. A well-known food organization is Nestle. On the other hand, it has been challenging lots of difficulties such as bad presentation in its present environment of business as well as the market. Therefore, this note plans to evaluate or analyze the environment of the business of Nestle or gives results for Nestle to develop its presentation.
Task 1 Understand the organizational purpose of business
1.1 Identify the purpose of different types of organization that Nestle caters for or have a business relationship with
There are several types of companies in the present industry globe. The companies are mostly divided into a public limited company, sole trader, private limited company, Partnership Company, government Run Company, and charity organizations.
A public limited company: a well-known limited or public organization in the United Kingdom is TFL. It is a legislative company. It has over 28,000 employees who are operating in its present procedure. It helps lots of consumers daily. It is a UK-dependent company. It has a financial plan for £11.5 billion for 2015/2016, whereas it achieves 40% of its financial plan from costs. 23% appear from the administration, 20% are rented, as well as 17% appear from Cross-rail financial support or other profits (TLF, 2016).
The function of a public organization such as TLF is it has restricted accountability as well as purchase allocation to the common people. Public organizations can be unlisted and listed in the marketplace of the stock exchange. In the case of TLF, it is an organization that is listed in the United Kingdom marketplace of the stock exchange. The goal of this public organization is to achieve profit through enlarged income (TLF, 2016).
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A charity organization: The well-known charitable trust company in ‘Global Aid’ in East London. Global Aid elevates finances from a public or different place in the United Kingdom as well as contributes to the disadvantages and distress public in the United Kingdom and improving states such as Syria, India, India, Palestine, and so on. It motivates the common public to give by giving for the disadvantaged or poor public. It also inspires the public labor for it in finance increasing by functioning as a helper and helping the societies. This type of company is a Non-benefit Company. It does not propose to achieve benefits (Global Aid, 2016).
A Co-operative organization: a well-known brand in the supportive section is Waitrose in the United Kingdom. It is a well-known company in the United Kingdom trade marketplace. The main participants of this company are Morison, Tesco, Sainsbury’s, ASDA, and Morrison. It is owned by persons that work regularly as well as manage democratically. This company achieves cultural, social, or financial profits (Waitrose, 2016)………….
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