Stakeholder Stakeholder is a person or groups who have interest in the success of the organization. A stakeholder is mainly concerned with an organization delivering better results and meeting its financial objectives. There are two types of stakeholder. 1. Internal Stakeholder 2. External Stakeholder Internal Stakeholder:- Internal Stakeholder is someone who works inside the organization or anyone within the organization that will benefit from the company’s profits. For example:-
Premium Trade union Employment
of it before 2.00 pm on 26 July 2013. Assessment Brief Unit Details: Unit Code: Business Environment (Unit 1) Programme Name: BTEC Higher National Diploma (HND) in Business Awarding body: Edexcel Unit Level (QCF): QCF-4 Academic term: May 2013 Assessment Brief Unit Details: Unit Code: Business Environment (Unit 1) Programme Name: BTEC Higher National Diploma (HND) in Business Awarding body: Edexcel Unit Level (QCF): QCF-4 Academic term: May 2013
Premium Citation Organization Monetary policy
Unit 1 - Assignment 3 Outcomes Task 1 & 2 Pass - Describe the influence of two contrasting economic environments on business activities within a selected organisation Task 3 Merit - Analyse the impact of changes in demand and supply on a selected business Distinction - Evaluate to what extent a selected business is likely to be affected by changes in the economic environment The managing director of Spangles Ltd was looking at some UK economic forecasts which had been given to him.
Premium Management Marketing Economics
Types of Property Ownership By Jack S. Waverly‚ eHow Contributor Share Tweet Share PinThere are five types of property ownership. The use of these types can depend on the state and the law where the property is located. Each type of ownership also dictates the amount of ownership and how ownership is transferred after death. It does not matter where the owner resides. Have a question? Get an answer from a lawyer now! Other People Are Reading How to Convert Joint Tenants to Tenants in
Premium Marriage Property
P2- Describe the different stakeholders who influence the purpose of two contrasting businesses. A stakeholder is anyone with an interest in a business. Stakeholders are individuals‚ groups or organisations that are affected by the activity of the business. There are two different types of stakeholders; internal and external. Internal stakeholders are groups within the business e.g owner/workers and employees. External stakeholders are local and national communities and governments‚ these are
Premium Charitable organization Non-profit organization Government
P2- Describe the different stakeholders who influence the purpose of two contrasting businesses P3- Describe how each business is organised Key stakeholders in Make A Wish Make a wish get a lot of supports from companies each year to help make wishes come true some of the companies are: Flight centre limited raise enough money to grant 25 magical wishes to come true. Some of the wishes cost thousands of pounds to make come true especially if they want to go aboard.
Premium Managing director Board of directors Executive director
structure. However‚ Professor Child (2005) went further to explain that structure is about responsibilities and behaviour of organization’s members and how process will lead to good performance. I see structural organisation as a hierarchal‚ vertical‚ rigid structure‚ whereas process organisation as an interconnected‚ horizontal‚ soft structure. My organization is
Premium Organization Structure Management
OCR Level 3 Cambridge Technical Certificate/ Diploma in Business Unit 1 The Business Environment Task 1 Ownership McDonald’s: McDonald’s was invented in the year 1940 and has currently about 34 000 restaurants in the whole world. Since McDonald’s was found they established loads of shops especially in Europe and America. McDonald’s is obviously a private company and is owned by a head of shareholders. It was found by Richard and Maurice McDonald’s and until today they don’t get any
Premium Corporation Franchising Limited company
BUSINESS FUNCTIONS “A mission statement describes an organisations basic purpose”. Using examples illustrate your answer; explore the idea that mission statements should reflect an organisations purpose. Introduction This essay is aimed at understanding what a mission statement is‚ why they are made and whether or not it reflects an organisations purpose. The essay will start by defining mission statements it will also be describing
Premium Statements Coca-Cola Strategic planning
SECTION 1 *Identification of the purpose of different types of organisation We have two main types of business organisations. Which are Profit-making organisations and Not-for-profit organisations. In the profit making organisation‚ we have the Sole traders‚ Partnerships and LLPs‚ Companies and The Franchises. While on the Not-for-profit organisation we have the Quangos‚ Voluntary‚ public sector bodies and the charities. *SOLE TRADER- This is a simple business that is easy to set up‚ and which
Premium Corporation Legal entities Types of companies