business‚ purpose and ownership of two contrasting businesses. For this task I have been asked to select two contrasting businesses‚ which include both profit and non-profit sectors and some variation in size. I have been asked to focus on the type and form of the businesses‚ the purpose of the businesses and the extent of owner’s liability. I intend to briefly give a background of the businesses; this will be followed by paragraphs explaining: the type and form of the business; the purpose of the
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GE Stakeholders –Distinction Criteria *D1 – Evaluate the influence the different stakeholders can exert in one organisation* General Electric (GE): • The CEO – Jeffery Immelt: The extent of the influence: The CEO (Jeffery Immelt) of General Electric has a huge influence on the company‚ as he is the leader and the most important person in the company. You would say that he has the biggest influence because what he says and what he thinks should be done within the company will happen
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Throughout this report I will include information about two contrasting businesses for ‘Northampton Life Magazine’. My two chosen businesses are Tesco (private sector business) and Northampton College (public sector business). Tesco is a multinational grocery and general merchandise retailer. Tesco has branches in over 14 countries including countries like China‚ Japan‚ Mexico‚ Thailand and even more. Tesco sells many different products including food‚ electronics‚ toys‚ furniture and clothes. However
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Explain the views of at least 3 main stakeholders for each of your businesses What are the aims and objectives of the business? Who are the main stakeholders? What are they trying to achieve from influencing the organisation? What is their impact? Burger King The main aims and objectives of Burger King would of initially been to survive and establish themselves‚ but now as they are a huge global business they will want to become the number one fast food restaurant‚ expand (have more restaurants)
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Identify the purpose of Different business organisations NHS was launched in 1948 to give residents of England health care such as surgery‚ treat coughs and colds and to provide end of life care. The NHS till today still provides a free health service for the UK residents. The NHS covers over 62 million peoples health in the UK this shows us that the NHS is an important part of the UK‚ there are 103‚912 hospital and community health services in the UK. NHS are a large organisation and have to
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Stakeholders are individuals or groups that have some claim on the company. They can be divided into internal claimants and external claimants. Internal claimants are stockholders and employees including executive officers and board member while external claimants are all other individuals and groups affected by the company’s actions. Typically‚ they comprise of customers‚ suppliers‚ governments‚ unions‚ competitors‚ local communities and the general public. Stakeholders can influence the organisations
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Typical stakeholders in an organisation include: * Employees: They want to keep their employment‚ good rates of reward and also promotional opportunities. * Suppliers: They want to feel valued by the company and want frequent orders with prompt payments. * Owners: In a company it would be the stakeholders. They are often thought to be the most important stakeholders as they have set up the business and invest a lot of time into it to make it successful. Owners want to see their
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Stakeholders can be defined as all entities that are impacted through a business running its operations and conducting other activities related to its existence. The impact can be direct in the case of the business’s customers and suppliers or indirect in the case of the communities in which the business chooses to place its locations. Businesses must consider the needs and expectations of its stakeholders‚ though it need not consider them to be of equal importance. Certain stakeholders such as owners
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provides an in depth explanation covering the points of view of the different stakeholders and provide a clear link between these points of view and the aims of the two organisations. For each stakeholder you have identified‚ explain how much influence they have on the aims and objectives of the two organisations. Assignment Brief: Evaluate the influence different stakeholders exert in one organisation. M1 Customers are a key stakeholder in any company‚ but for Apple in particular they play a big role
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can divide business environment into two parts A. The Micro Environment of Business These are powers which are deeply related with company and company can control these type of environment by improving its capacity and efficiency. 1. Suppliers Suppliers are the persons who supply raw material to company. 2. Customers Customers are the persons who buy goods from company. 3. Market Intermediaries Market intermediaries are those person who helps company to sell its products
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