...Course: BTECH – HND – Business (Management) Year: 2015/2016 Name: Susantha Suwandaratne Subject: Unit 01: Unit 01: Business Environment Complete Date: 4th Of January 2016 Words between 2500 and 4000 _______________________________________________________________ Task 1 - Understand the organisational purpose of business ___________________________________________________________________________ 1.1 Identify the purpose of four different types of organisation. 1.2.1 Introduction Business organisation is formed of relationship, responsibility and authority, which aims to meet their targets and ultimately achieve them. Organisations are formed by people for two main purposes. An organisation can be formed by a person or a group of people aiming to make a profit. In the same way a person or a group of people can start an organisation with the purpose of providing services to themselves or for the society with the main purpose of running the business is not a profit. According to Buchanan and Huczynski an organisation is described as 'A work organisation is a social arrangement for the controlled performance of collective goals' (Buchanan and Huczynski, (2004). The Business Dictionary defines the organisation as ‘a social unit of people that is structured and managed to meet a need or to pursue collective goals’. All organisations have some function to perform and they exist in order to achieve...
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...Business Environment Ahmed Thahuseen Business Environment Contents Executive Summary ......................................................................................................................................... 1 P 1.1. The purpose of different types of organisation. .................................................................................. 2 P 1.2. The extent to which an organisation meets the objectives of different stakeholders. .................. 3 P 1.3. The responsibilities of an organisation and strategies employed to meet them. .......................... 4 P 3.3.The business and cultural environments shape the behaviour of an organisation ........................ 4 Conclusion ....................................................................................................................................................... 5 Reference ......................................................................................................................................................... 5 Business Environment Executive Summary This report pertains to purpose of different types of organisation and their responsibilities towards stakeholder. Additionally, this report analyse the effects of business and cultural environment to organisation. This repots is based upon one the largest financial institution in the Maldives, Bank of Maldives PLC. PAGE 1 Business Environment P 1.1. The purpose of different types of organisation...
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...The Princes Trust advice leaflet Business ownership & organisation Abhinav dixit Abhinav dixit Types of organisations | Explanation of ownership | Example of organisation with this ownership | Provides product or service | Local | Local shops are just in the area, and is mostly owned by sole trader which means he is on charge of the running of the business day by day. | Restaurant: trattoria sorrentina. | It could provide product and service as well depending on the kind of the business. | National | National organisation usually are more than 2 outlet under working under the same outlet brand, which means they provide the same products no matter where the outlet is.The ownership of these are partnership or stake holders. | Morrison, | They provide products food and grocery | International | International is when the organisation is working in more than 2 countries under the same brand. This organisation is plc | H&m | They all provide products such as cloths | Global | Global organisation all over the globe and this organisation are own by a stakeholders which means global company are privet limited companies. | Macdonalds, | They provide products being a restaurant fast food they provide burgers and chips and drinks. | Public | All the public organisation are made for the public benefit use and are owned by the government. | NHS, | They provide service such as health care. | Private | Privet are all owned by people who looks just for profit...
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...An organisation is a formal structure of relationships, responsibilities and authorities through which specific objectives are achieved. 'A work organisation is a social arrangement for the controlled performance of collective goals' (Buchanan and Huczynski, 2004). Purposes of different types of Organisation: Business organisations: To make a profit in a socially standard way. For example: Airlines, Fast food. Non-profit service organisations: They want to help to all of people without any profit. For example: NHS, Universities. Mutual-benefit organisations: Individuals join together to pursue their own self-interest. For example: Clubs, Trade Union. Commonweal organisations: They provide service to all members of a given population. For example: Fire Service, Police. Organisations by their intended purpose: Purpose Primary beneficiary Examples Business Owners Manufacturers, Fast-food, Restaurants Non profit services Clients Universities, Hospitals Mutual-benefit Members Unions, Clubs Commonweal Public at large Police, Public schools Classifying Organizations: Sector classification: Private enterprise organisations: A "private sector" organisation is one that is owned and controlled by private individuals, not the government and usually exists to make a profit for its shareholders. Public sector organisations: A "public sector" organisation is one that is controlled by...
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...For this assignment I’ll be describe how two business of my choice (transport for London (TFL) an organisation in the transport industry, and One touch Leisure centre) organise themselves in-order to achieve the businesses’ purpose – the business’ reason for existence. In-order for any to achieve its purpose or to make progress, planning is essential to ensure success, strategic planning is planning that is generalised to the whole organisation, it is therefore central to the organisation as it provides direction, by the setting out of the business’ aims and the methods as well as resources that will be used to achieve it. As transport for London (TFL) hopes to provide the best service possible to its customers, and One touch Leisure centre – making profits and leading the market, they both have aims and objectives as a result of strategic planning to ensure success. Transport for London (TFL) One touch Leisure centre Aims: To employ a more diverse workforce as London is one of the most diverse cities in the world. Develop high frequency services to all customers (Londoners). Provide a higher quality of customer services. Substantially reduce crime rate (damage to TFL property and assault to customers). Ensuring that all customers can easily get around London. To increase profit and use of one touch in community Promote one touch leisure centre within the community To get more people more active, more often. Objectives: Provide a greater human presence...
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...BTEC level 3 business (advanced subsidiary business) Unit 1 The business environment Assignment 1 Mr McLennon Scenario You work as a junior researcher for a business magazine and you have been asked to prepare background material for a reporter who is planning a new feature article. The reporter wants to focus on two contrasting business organisations with a presence in your local area, and has asked you for information on them covering their purpose, ownership and roles of different stakeholders. Task 1 * (P1) – Describe the type of business, purpose and ownership of two contrasting businesses Task 2 * (P2) – Describe the different stakeholders who influence the purpose of two contrasting organisations Task 3 * (M1) – Explain the points of view of different stakeholders seeking to influence the aims and objectives of the two contrasting organisations Task 4 * (D1) - Evaluate the influence different stakeholders exert in one organisation Task 1 * (P1) – Describe the type of business, purpose and ownership of two contrasting businesses The two businesses I have chosen are the Football Factory (private sector) and Maendy way Post office (public sector). The Football Factory is a private business. A private business is a business that is owned by public citizens, private businesses are owned by shareholders. Private owners risk their own money in trying to make as much money as possible. The purpose of the Football factory is to supply...
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...also – 3 or 4 points on each: Paper P1 Becker Paper P1 BPP • Corporate governance (CG) concepts, underlying • Public sector governance. fundamentals and arrangements. • Integrated reporting. • CG in other organisations (e.g. public sector, NGOs). • Ethical and CSR theories – applied to scenarios. • Types and forms of CG (e.g. rules based, principles based, insider, outsider systems, UK Corporate Governance Code, Paper P1 LSBF SoX). • Governance: • Agency theory, stakeholders, Mendelow. – Role of Board. – Unitary/two tier. • Board structures, CEO/chairman, directors, NEDs, – Chair role/CEO chair split. committees. – Induction/performance appraisal. – Reward systems. • Internal control and business risk, Turnbull. – Family based structure. • Ethical theories and business codes – Kohlberg, Gray, Owen – Global standards in governance. and Adams, Tucker, AAA. – Stakeholder classifications. • Professions and the public interest. • Control: • Corporate social responsibility, corporate citizen, footprints – Objectives of a sound system. and sustainability. – COSO failures. – Reasons for internal audit. • Integrated reporting, social and environmental auditing. – Internal control disclosure. • Risk management: Paper P1 Kaplan – Risk committee or risk manager. – Strategic/op/static and • Corporate governance comparison of approaches – public v dynamic risk. private sector. – Risk diversification. • Conflict of interest and independence. – ALARP. •...
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...Importance of environmental analysis Introduction No single organization can exist in a vacuum. For a successful business operation, an organisation needs to interact with various other actors and players around it. These may range from political institutions to other business and financial institutions. These institutions are called environment of an organisation. In this assignment, we would try to illustrate the importance of environmental analysis for a business organisation. The conceptualisation of environment holds the central position in this discussion. Thompson uses the term ‘operating or task environment, or inner layer’ for immediate or internal environment (Thompson, 1997). It relates to that domain where staff from one organisation interacts with people from others in their day to day business relationships (Douglas Brownlie, 1994b). Brownlie employs the term ‘remote or general environment, or outer layer’ for external or macro environment (Douglas Brownlie, 1994b). This refers to those factors which are outside of company’s direct control but have significant direct and indirect influence on company’s operations. For a company to be successful, it needs to be fully aware of its environment as it allows an organisation to respond to the needs and requirements in its environment. ‘Whilst organisational decision makers may wish to believe that they are the masters/mistresses of their organisation’s destinies, in reality that destiny is shaped by governments, customers...
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...MODULE - 1 Forms of Business Organisation Business Environment 3 Notes FORMS OF BUSINESS ORGANISATION 3.0 INTRODUCTION After identifying the business in any field e.g., Insurance, it is necessary then to have a legal entity to be known in the society. The legal entity can be in any form of a business organization. The various forms of organization are as follows: 1) Sole proprietorship 2) Partnership 3) Co-operative Society 4) Joint stock company (Private and Public) These are explained in brief as follows:3.1 OBJECTIVES At the end of this lesson you will be able to know Various forms of organization Its formation & features Merits & Demerits 3.2 SOLE PROPRIETORSHIP 3.2.1 Meaning: The sole proprietorship is a form of business that is owned, managed and controlled by an individual. He has to arrange capital for the business and he alone is responsible for its management. He is therefore, entitled to the profits and has 24 DIPLOMA IN INSURANCE SERVICES Forms of Business Organisation MODULE - 1 Business Environment to bear the loss of business, however, he can take the help of his family members and also make use of the services of others such as a manager and other employees. This type of business organisation is also called single ownership or single proprietorship. If the business primarily consists of trade, the organization is a sole trading organization. Small factories and shops are often found to...
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...selected organisation: M1 Human resources Like every successful business, it is important that the management can control and manage the employees in a respectable way. Human resources is very important for a business like KFC because this helps to increase the productivity so there food being made and customer service. These two are crucial in a well-known food place. The ways in which KFC can manage human resources would be through either assessments, training or development planning. KFC need to ensure they employ people with the right qualifications and skills that fit into their criteria helping to achieve the goals within the business. Human resources needs to be managed as it motivates employees to achieve the goals for KFC, as human resources links the organisation and the employees. Management of human resources takes a big part of noting the businesses problems, seeing what they can do to improve it and ensuring employees are work to their best for efficiency. KFC can try to provide an efficient customer service by managing the employees. Physical Resources Physical resources are crucial for the business as it helps to run the organisation, do daily activities meaning without any management of physical resources, KFC would struggle to do day to day activities. What physical resources include: * Buildings and premises * Equipment * Facilities * Plant and Machinery * Material and waste Every organisation needs a premises to work and should be aware...
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...aCHAPTER 1 BUSINESS ORGANISATIONS At the end of this Module the student shall be able to: Understand the various types of business organisations that can be established. Appreciate the advantages and disadvantages of each type of business Introduction A business activity is any legal activity that may be owned by one person as a sole proprietor or can be owned jointly by two or more people thereby creating a partnership. The main aim of many business operations is to make a profit either in the short or long term. A business activity is not only trading activities like the popular Kantemba business that have spread along many high ways in cities and towns. A business may be in the form of manufacturing something for sale, buying and selling for profit, providing services etc. Some examples of businesses include banking, insurance, retail trade, producing beer, providing educational services, Shoprite Chain Stores, Game stores, Internet services, tourist lodge or hotel, transport services etc. Element 1.1 Types of Business Enterprises A business may be owned by one person as a sole proprietor or can be owned jointly with another person or partner as a partnership. Another way in which a business could be owned is through the establishment of a limited liability company. A limited liability company can be privately or publicly owned. Another form of business organization could be through a cooperative society. The government may on behalf of the entire citizenry own businesses...
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...Btec National in business Unit 1 – Business Environment * Write a BRIEF introduction to each business to explain what it does. * Explain the purpose of each business. * Describe the sector it operates in. * Explain in detail the type of ownership that the two businesses have- including the advantages and disadvantages of each type of ownership. Task 1 Write a BRIEF introduction to each business to explain what it does. The British heart foundation was founded 50 years ago in 1961 by a group of medical experts who wanted to do some research on things like causes, treatment and prevention of the heart and circulatory disease and this has managed to help many people over the years gone by. The British heart foundation is the number one heart charity in the UK and what they do is funding research projects around the world to try finding out more about the disease and how to stop it and this has been happening for about 50 years and has made a big difference on a lot of lives. They also do fundraising, volunteering work, making or taking in donations which you can take part whenever. Explain the purpose of each business. The purpose of the business is to help people suffering from heart and circulatory disease by doing research funded by people’s donations to find out about any causes, treatments or ways of preventing the disease. It is a non a profit organisation which means that the business does not wish to make any income as is only doing so to...
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...We will be discussing business ethics and social responsibility in our presentation today, and relating these theories specifically to the News of the World phone hacking scandal that broke in 2007. This scandal involved journalists and editors of the publication, News of the World illegally hacking into people's phones in order to access information that would not have been available to them otherwise. Though exact numbers are not known, lists of phones were confiscated listing thousands of mobile numbers, including the numbers of members of the royal family, some celebrities and the families of soldiers, terror and murder victims (BBC News UK, 2013). The scandal was further complicated when members of the London Metropolitan police engaged in behaviour that covered up or misrepresented the legality of the actions undertaken by the paper (BBC News UK, 2013). So to start, what are business ethics and social responsibility? Ethics are not easy to define. They represent a social contract between individuals of a given community, and define what a person ought, and conversely ought not, to do, (Andre & Velasques 1987). However, ethics are not defined by individuals, but rather represent the values of the largest majority. This means that the things an individual values may not be congruent with acting ethically as is defined by the community. This conflict is representative of an ethical dilema. This occurs when an individuals values contradict the behaviour that the code of ethics...
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...to delivering sustained success to businesses, in this instance public services, by improving the performance of the employees by developing the capabilities of team and individual contributors. A performance management system sets out to establish organisational goals and objectives to ensure that a business is successful and employees perform to the highest possible standard. The system also identifies any problems with a pubic service and monitors progression in the form of improved performance. It is important to establish whether performance management systems will improve public services because they affect every individual in the UK. A good example of where a performance management system is needed for better quality of safety, reliability, punctuality, and comfort is on UK railways and on the London Underground. This essay aims to establish whether the successful implementation and use of performance management systems will lead to a higher quality of education, health, police force and public transport system. The Prime Minister’s Speech in 2001 stated that UK public services were still in need of modernisation and change in order to meet the changing needs of a 21st century public. He suggested that investment alone was not enough to increase the quality of public services and he believed that society was driving the focus away from the 1980s financial focused businesses to focus on successful public orientated businesses. Tony Blair also explained that teachers,...
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