Unit 1 Business Environment Assignment with Greggs plc and Rotary (GC01218)

Table of Contents

Introduction.

P1 describes the type of business, purpose, and ownership of two contrasting businesses.

P2 describes different stakeholders who influence the purpose of two contrasting businesses.

P3 describes how two businesses are organized.

P4: explain how their style of organization helps them to fulfill their purposes.

P5.Report on Boom & Recession effects on Greggs.

P6 Describe how political, legal, and social factors are impacting upon the business activities of the selected organizations and their stakeholders.

Conclusion.

References:

Introduction

This paper focuses on different business environmental issues in terms of two separate organizations, named Greggs plc and Rotary. Greggs is a public limited and business and profitable organization in the UK, where the Rotary is non-profitable and charitable organizations. Greggs Plc, the home of fresh baking, is the UK’s leading bakery retailer specializing in freshly made bakery food. It is an expert baker for the last 70 years and growing business with its passion for backing and driving for quality and value.

This is a baker and a retailer, with ten regional bakeries supplying its 1,500 shops; a central savory production unit, making all savories; and own fleet of 375 delivery vehicles, to ensure food is fresh each day for customers. This currently employs approximately 20,000 people and plans to add 500 new shops in the next few years, creating up to 6,000 new jobs. Its regional bakeries bake food for daily delivery to its shops. It has 90 in-store bakeries, with skilled craft bakers providing freshly baked food. It has expert bakers, with 289 Master Bakers, who have 2,254 combined years of banking experience!

Greggs can be found on the UK’s high streets, local shopping parades, and, increasingly, retail, industrial and business parks, airports, bus/rail interchanges, universities and other locations where people live, work, and travel and spend their leisure time (Greggs Annual and Accounts Report, 2017). Rotary is a Chinese non-profitable organization. This is a global network of 1.2 million neighbors, friends, leaders, and problem-solvers that see a world where people unite and take action to create lasting change – across the globe, in our communities, and in ourselves (Rotary, 2018).

P1 describe the type of business, purpose, and ownership of two contrasting businesses

There are a number of differences in the aims, objectives, purposes, ranges, ownerships, liability, and other factors between Greggs and Rotary, which are explained as follows:

Greggs

The aim of Greggs is to be the leading international multi-channel food retailer in the UK. The main objectives of Greggs are to improve the performance in the UK and increase the range of products to the local and international markets. Its main purpose is to maximize profit. Extension of business and wealth maximization is also the purpose of Greggs. Greggs was started its business in 1884 as a partnership organization. It is now a public limited company. It is a multinational company. So, they operate their business in the UK, Canada, and France alongside other countries. Greggs holds the primary activity character of a business as it produces its own products. Greggs is also having secondary sector activity because it purchases some products from others and sell the products and this process fulfills the characteristics of the secondary sector of business. In GREGGS, cotton is made recycling it from previously used garments and this cotton is covering half in making fiber which is used in making clothing. GREGGS is the listed company of the UK share market and its business sectors are clothing, home and furniture, food and wine, flowers, and so on.

Rotary

Rotary was founded by Rotary as a charity organization in China to supports people. It aims to solve real problems that take real commitment and vision. For more than 110 years, Rotary’s people of action have used the passion, energy, and intelligence to take action on sustainable projects. From literacy and peace to water and health, we are always working to better our world, and we stay committed to the end. Rotary is mainly a service sector business. It is a charitable business and its profit use to help the patient. Rotary provides its services in China and other countries in the world. Rotary is a private charity organization and therefore it is not listed company in the share market. Rotary is only operating in the primary sector, which provides health and care services to the local people of the community. This is only a performance-based company. Rotary is a sole proprietorship charitable organization. This operates in the voluntary sectors.

P2 describe different stakeholders who influence the purpose of two contrasting businesses

Stakeholders can be defined as a person, group, or organization that has interest or concern in an organization. Stakeholders can affect the organization or be affected by the organization. Stakeholder analysis is a) the identification of your organization’s key stakeholders; b) an assessment of their interests, needs, and expectations; c) an assessment of the ways in which these interests impact on your organization; d) a prioritization of key stakeholders and a strategy to govern the relationship. The information from this analysis can be fed into your strategy, starting with their expectations of you in terms of your mission, vision, and values, moving through to their expectations of you as a service deliverer or campaigner. A two-way continuous dialogue with priority stakeholders is key to achieving your preferred future.

Stakeholders of Greggs

Greggs has very many stakeholders who are very important to them. They maintain a good relationship with all their stakeholders and tend to meet their needs. Their stakeholders include employees, suppliers, customers, local communities, and government, pressure groups, and competitors; owner and creditors and management.

Owner

The owner has a great influence on the organization. The owner wants to influence the aims and objectives of the organization for increasing wealth. Greggs has effective communication systems with its shareholders and owners that is very essential to their business. The relationship is more positive, beneficial, and very successful. They ensure that they engage with their shareholders in different and numerous ways that are beneficial to their company growth and expansion.

Creditors

Creditors are the external financiers who finance the organization for interest. They influence the company to set objectives in a way that ensures their return for giving the loan.

Government

Greggs has strict communication with the government both at the local and national levels in order to provide better customer service to all. They also follow the laws and regulations set by the government governing their operation and provision of service to their customers. Company needs to follow the rules and regulations imposed by the government and collect tax from the organization……………….

Business Environment