Unit 1 The Business Environment Assignment (GC01230)
Table of Contents
INTRODUCTION
P.1 Describe the type of business if it is a sole trader, partnership, or private limited organization, mention the purpose and ownership of two contrasting businesses.
P.2 Describe the different stakeholders.
P3 Describe how two businesses are organized in terms of their structures and functioning areas
P.4 Explain how the style of organization of your chosen businesses helps them to fulfill their purposes
ASSIGNMENT -2
TASK 3
P.5 Describe the influence of two contrasting economic environments on business activities within a selected organization.
TASK-4 .
P.6 Describe how political, legal and social factors are impacting upon the business activities of your selected organizations and their stakeholders.
M 3 Compare the challenges to your selected business activities within your selected organization, in two different economic environments.
D 2 You would have evaluated how future changes in economic political, legal, and social…..
CONCLUSION .
REFERENCES.
INTRODUCTION
The business environment includes all the internal and external factors that affect how the company functions including employees, customers, management, and supply and demand, and business regulations. External and internal factors can influence each other and work together to affect a business. There is a close and continuous interaction between the business and its environment. This interaction helps in strengthening the business firm (Botha, Kourie, and Snyman, 2014). The present report is based on Sainsbury and The Royal Society for the Prevention of Cruelty to Animals (RSPCA) which is a not for profit organization.
The report will describe the type of business, purpose, and ownership of two contrasting businesses and explain how their style of organization helps them to fulfill their purposes. Further, it will describe how political, legal, and social factors are impacting upon the business activities of the selected organizations and their stakeholders.
P.1 Describe the type of business if it is a sole trader, partnership or private limited organization, mention the purpose and ownership of two contrasting businesses
Sainsbury
Sainsbury’s Supermarkets is the UK’s longest-standing major food retailing chain, having opened its first store in 1869. The Sainsbury’s brand is built upon a heritage of providing customers with healthy, safe, fresh, and tasty food. It differentiates itself by offering a broad range of great quality products at fair prices with particular emphasis on fresh food, a strong ethical approach to business, and continuous leadership and innovation (Boons and Lüdeke-Freund, 2013).
Main goals and purpose
At Sainsbury\’s they will deliver an ever-improving quality shopping experience for their customers with great products at fair prices. Their aim is to exceed customer expectations for healthy, safe, fresh, and tasty food, making their lives easier every day (Hamilton and Webster, 2015.).
Type of ownership
The type of ownership is Sainsbury’s are a public limited company (plc) – has its shares bought and sold on the stock exchange.
The Royal Society for the Prevention of Cruelty to Animals (RSPCA)
RSPCA stands for The Royal Society for the Prevention of Cruelty to Animals. The RSPCA\’s vision is to work for a world in which all humans respect and live in harmony with all other members of the animal kingdom.
Main goals and purpose
The main goal for RSPCA is reducing the use and suffering of dogs in medical testing. The purpose is to give animals with special needs and give pets a loving care home (Csikszentmihalyi, and Sawyer, 2014).
Type of ownership
The type of ownership RSPCA fits into is charitable trust; this is set up to raise funds and support other people and animals for good cause.
P.2 Describe the different stakeholders
Sainsbury
The key stakeholders for Sainsbury’s are
| Customers | They want a company to produce high quality, value for money products. They like to see improvements that give them better value for money. |
| Employees | Their stake is that the company provides them with a livelihood. They seek the security of employment, promotion opportunities, and good rates of reward (Carroll and Buchholtz, 2014). They also want to work for a company that they are proud of. |
| Suppliers | Want steady orders and prompt payment. They also want to feel valued by the company that they supply. |
The Royal Society for the Prevention of Cruelty to Animals (RSPCA)
| Employees | The employees will need to be happy to be working on a voluntary basis and also need to be caring for the animals that are suffering. |
| Governments | The government wants the business to be successful – it wants to see prosperous businesses that take full responsibility in looking after the welfare of society. |
| Local and national communities | The actions of business can have a dramatic effect on communities. Community leaders, therefore, represent important interest groups. |
M1
M1. Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organizations
Stakeholders are the people who have an interest in a business or an organization; they are affected by the actions as well as inactions of the business and can also influence business decisions. For example, stakeholders could be you because you purchase products from a company and you play a part in contributing to your share of money for the company’s product……………………..
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