Unit 1 Business Environment Assignment with Nestle (GC01002)
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
This is the main factor for a company named Nestle to evaluate and analyze its market atmosphere to achieve its business achievement. The environment of business is categorized as a micro-environment and macro-environment. The environment of macro business contains numerous external factors, for example, economic, environmental, political, legal, social, and technological aspects. The environment of the micro-business contains numerous internal factors of an organization. This report manages to learn about several ecological factors of a specific business called Nestle. Nestle is a Switzerland-based corporation. Therefore, it is observing numerous challenges containing deprived activity in its recent environment of business and places of markets. Therefore, this assignment’s goal is to evaluate and analyze Nestlé’s business environment and gives clarifications for Nestle to develop its activity.
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 recent world of business. The companies are mostly categorized as public limited companies, sole proprietorships, government-run companies, private limited companies, charity organizations, and partnership companies.
Sole trader: The oldest and most common form of private business ownership is the sole proprietorship. A sole proprietorship is a business owned and managed by one individual. That person may receive help from others in operating the business but is the only boss; the sole proprietor is the company. Typically the sole proprietor owns a small service or retail operation such as a roadside produce stand, hardware store, bakery, or restaurant. The sole owner often aided by one or two employees operates a small shop that frequently caters to a group of regular customers. The capital needed to start operating the business is normally provided by the owner through personal wealth or borrowed money (Mullins, 2015).
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Partnership: A business may have a small beginning as a sole proprietorship, later expand into a partnership and finally become a corporation. A partnership is a business owned by two or more people. A partnership can be based on a written contract or a voluntary and legal oral agreement. The law regards individuals as partners when they act in such a way as to make people believe they operate a business together (Mullins, 2015).
Private limited company: private limited organizations are those that are not listed in the stocks and are non-government. These types of organizations are managed by a little number of persons. It may trade the business family members, customers, and friends but not for the common person. Therefore, for increasing finance it wants the manager to contract with the lenders. It means the market is managed by two or more managers. The plan of this organization is to achieve benefits through quality goods and excellent services. For example, Virgin is a renowned successful private limited company UK (Mullins, 2015).
Public limited company: public limited organizations are those that are enlisted in public exchanges and stock. Therefore, this type of organization has the ability to deal share to the common people. This type of organization has limited responsibility but should have some managers (minimum two) and a minimum capital of share (£500,000). The booming public limited company’s examples are in the United Kingdom are Boots, Tesco, Lloyds Groups, Sainsbury’s, etc (Mullins, 2015).
Government organization: this type of company has managed by the government and run by the way and strategies improved by the government. The government has at least 51% of the whole organization share and the company should be controlled and managed by the government. The government organizations’ examples are UK railway, NHS, TFL, etc (Mullins, 2015)…………..
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