There are many differences between business organisations, beginning with the purpose and goals of an organisation. Business organisations belong to various different categories including the private, public and non-profit sectors. This assignment will discuss a business organisation from each of those sectors, outlining the purpose, objectives, and stakeholders of each. It will also discuss the different ways that global factors and market structures can impact each of those companies.
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L01 Understand the organisational purposes of business
Identify the purpose of different types of organisation
Describe the extent to which an organisation meets the objectives of different stakeholders Explain the responsibilities of an organisation and strategies employed to meet them
L02 Understand the nature of the national environment in which business operate
2-1 explain how economic system attempt to allocate recourses effectively
2-2 assesses the impact of fiscal and monetary policy on business organisation and their activities
2-3 evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation
Understand the behaviour of organisations in their market environment
3. 3-1 Explain how market structures determine the pricing and output decisions of business
3-2 Illustrates the way in which market forces shape organisational responses using a range of example
3-3 judge how the business and cultural environment shape the behaviour of a selected organisation
Be able to assess the significance of the global factors that shape national business activities
4-1 Discusses the significance of international trade to UK business organisation 4-2 Analyse the impact of global factors on UK business organizations 4-3Evaluate the impact of policies of the European Union on UK business organization
Understand the organisational purpose of businesses
1-1 Identify the purpose of different types of organisation
In this assignment I will discuss companies that belong to different categories; two private sector companies which are British Airways (BA) and John Lewis (JL) and one non-profit organisation which is World Vision International (WVI). British airways (BA) was in the control of government for thirteen years and went into privatization, the main goal or objective of BA are being the airline for long haul premium customer at every touch point, increasing its presence in key cities. JOHN LEWIS (JL) is one of the leading employees owned organisation running different businesses, does business with utmost care and low cost but never leaves quality. World Vision International (WVI) is a global organization which provides humanitarian support to children and families and communities worldwide. World vision provides emergency relief and long-term community development programs, including local leadership training (20 Audited financial statement). One of the main differences between organisations in terms of their purposes is the goal they aim to achieve. Charitable organisations aim to raise money for different causes, and are not profit-driven. On the other hand, some private and public organisations aim to make high profits. Governmental organisations aim to provide a service to the public, for example the NHS, the police force and Royal Mail.
The main ways in which business can communicate its direction are through vision statements, mission statement, aims & objective, and social responsibility policies (CSR). Vision statement set out the strategic intention of an organisation. Mission statements outline the role that a business aims to fulfil. Objectives are used for measuring the performance of their organisation, the key elements for...