Unit 1 Business Environment Assignment with PC World and ORBIS (GC01222)
Table of Contents
Introduction.
P1 Describe the type of business purpose and ownership of two contrasting businesses. Currys PC World (profit) contrasted with ORBIS (non-profit).
P2 Describe the different stakeholders who influence the purpose of two contrasting organizations
P3 Describe how two businesses are organized.
P4 Explain how their style of organization helps them fulfill their purposes.
P5 Describe the influence of 2 contrasting economic environments on business activities within a selected organization.
M2 Compare the challenges to selected business activities (marketing and capital) within a selected organization (Currys PC World), in 2 different (boom and recession) economic environments.
P6 Describe how political, legal, and social factors are impacting the business organizations (Currys PC World) and their stakeholders.
M3 Analyze how Political, legal and social factors have impacted on the two contrasting organizations
D3 What changes may happen in the future in Currys PC World.
Conclusion.
Reference.
Introduction
PC World is one of the United Kingdom’s largest retail chains of mass-market computer superstores. Established in November 1991, it became part of Dixons Retail in February 1993 and then part of Dixons Carphone after the merger of Dixons Retail and Carphone Warehouse in August 2014. Many of its physical stores in the United Kingdom now trade under the combined Currys PC World brand (PC World, 2018). On the other hand, ORBIS was born in China from a forward-looking vision of the healthcare and aerospace industries.
As early as the 1970s, the medical and aerospace leaders’ cooperation program laid down the foundations and lay the foundations for the ambitious OBI. High tuition fees, travel expenses, and accommodation fees often make it impossible for many medical staff in developing countries to participate in overseas training programs. Even if they can afford to study abroad, the strict overseas licensing system regulates that they cannot operate and cannot get clinical internship opportunities.
P1 Describe the type of business purpose and ownership of two contrasting businesses. Currys PC World (profit) contrasted with ORBIS (non-profit).
This section explains the kind of business ownership as well as the purpose of two contrasting businesses. In this case, a profitable organization called Currys PC World Plc is compared with a non-profitable organization called ORBIS. The key differences between Currys PC World and ORBIS are described as the table below:
| Perspectives | Currys PC World | ORBIS |
| Aims and purposes | The main purpose of Marks and Spence is to increase its market in both international as well as domestic markets with a higher profit margin and business share. | ORBIS is an organization that is set up to raise funds and supports other people. It is a non-profit organization. It does not distribute any of the profit made among workers. All the profits it makes are given to organizations it is raising money for. |
| Objectives | The objectives are a) to increase market; b) to develop consumer relationship and reliability with improved local market share, and c) to achieve high revenue and profits. | The objectives are: to give outstanding service to the customer, without achieving any revenue. |
| Industrial sector | It has to operate in both primary and secondary market sector | It has operating business only in the primary sector. ORBIS is a non-profit company. The profit is for the benefit of patients. ORBIS mostly does service form business |
| Range | Currys PC World is doing business in both the UK and global markets. | ORBIS is operating in China |
| Business sector | It has been operating a business in the retail sector, where the main products are home items, clothing, and food items. Currys PC World proposes their share to the public and this share is enlisted in the share market. | It has been operating a business in the health section, where it offers hospice and neurological care for the people observing frightening and life-changing diagnoses. |
| Ownership | Public limited company. It is a profitable organization. | Charitable organizations. It is a non-profitable company. |
| Citation: Palmer (2014) | Source: Currys PC World (2018) | Source: ORBIS (2018) |
The main finding is that Currys PC World is a profitable company whose main purpose is to achieve improved profit and revenue through achieving developed market share and consumer retention. On the other hand, ORBIS is a charitable and non-profitable business whose main purpose is to serve the community with their donation (Currys PC Worlds, 2017).
P2 Describe the different stakeholders who influence the purpose of two contrasting organizations
Stakeholders refer to the parties including an accountant, group, organization, member, or system that affects or can be affected by an organization’s actions. A narrow mapping of a company’s stakeholders may identify a number of stakeholders such as Employees, Communities, Shareholders, Creditors, Investors, Government, Customers, Owners, Financiers, Managers (Palmar, 2014). A broader mapping of a company’s stakeholders may also include Suppliers, Labor unions, Government regulatory agencies, Government legislative bodies, Government tax-collecting agencies, Industry trade groups, professional associations, NGOs, and other advocacy groups. Stakeholders may have both positive and negative impacts on business performance (Kotler, 2014).
Stakeholder of Currys PC World
The employees:
Currys PC World has 6,000 employees who are working in its national and international markets. Their employees come from different backgrounds and cultures. Employees generally will require fair treatment, secure jobs, benefits, good pay from the company. They also want protection from the company, mainly in terms of security from customers who might abuse them as part of their human rights (M & S, 2018).
The customers and consumers:
Customers are the ones who buy or purchase goods and services, while consumers are the end-users of the products. Both these two groups have an influence on Currys PC World because they want high-quality products, a wide range, and a variety of products and choices to get affordable prices and good service from their employers (Currys PC World, 2018).
The government:
The local and national government is in charge making sure that Currys PC World creates more jobs for the local community people and also pays their taxes to the government. They also help setting laws and regulations that govern trading and how a company should act and deal with people. They ensure that the company adheres to strict laws setting up company policies, health and safety regulations, trading legally, and revenue and customs (Currys PC World, 2018)…………………
Full Documents Click Download Button
You may also like
Professional Discussion Individual Presentation Paper (GC01809)
BMS412 Business Environment Assignment with Morrisons (GC01808)
