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BUSINESS ENVIRONMENT
 Richard Docc-
Hamilton College-
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AC1.1: Identify the purposes of different types
of organisation
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There are broadly two types of legal entities:
1. Private Sector
2. Public Sector
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 Public Sector:
 Government run organisations at local, regional
and national level
 Some services are exclusively provided by
public sector organisations
 Most of the organisations charge minimal cost
to the customers (Perry & Rainey, 1988)
 E.g: Royal Mail, Govt Corporations, Govt
Departments
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 Private Sector:
 Organisations are owned by individuals
 Firms operate to generate profit while
providing services or selling goods
 Individual owners reap the profit and income
from the company
 Most of the businesses operate to cater
goods and services with better quality
(Stacey, 2007)
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Types of business organisation: Overview
 Sole Trader
 Partnership
 Franchises
 Co-operatives
 Public sector
 Public Limited Company (plc)
 Private Limited Company (Ltd)
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AC1.2: Describe the extent to which an organisation
meets the objectives of different stakeholders
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 Organisation consists a variety of stakeholders who
come with different needs and objectives
 It is crucial for the firm to fulfil the needs and interests of
its stakeholders (Carroll, 1991)
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Stakeholders
 Investors:
 They provide the firm with capital
 Investors are concerned with their return on investment, and risk
associated with it
 They take decisions about buying or selling their investments
based on information
 While they are invested in the firm, they need dividend from their
investments (Daft, 2010)
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Stakeholders
 Employees:
 Employees are concerned with their job stability, which is related
to the profitability of the firm
 They are the driving power of the firm towards productivity
 Employees are interested in compensation, retirement benefits,
and opportunities at workplace
www.hndassignments.co.uk
Stakeholders
 Lenders:
 Lenders need confidence on the organisation to decide whether to
further extend lending facility
 They make use of the information to decide the viability of loan
repayment and interest payment by the firm
www.hndassignments.co.uk
Stakeholders
 Suppliers and other trade creditors:
 Integral part of the firm’s production and service delivery process
 Need information which reflects the firm’s ability to repay trade
credits
 Decide on the performance of the firm whether to continue the
relationship or not
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Stakeholders
 Customers:
 The primary objective of the firms is to cater to its customers
efficiently
 Based on the firm’s performance, they decide their loyalty
www.hndassignments.co.uk
Stakeholders
 Governments and their agencies:
 Decide the regulations (tax rates, interest rates, etc) which affect
the operation of the firm
 Need information about the activities of the firm
 Examines the legal and regulatory compliance from time to time
 Allocates resources to the organisation
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Stakeholders
 Public:
 Organisations have a long reaching impact on every member of
the society
 Responsibility of the organisation to contribute towards community
development causes
 Performance of the firms decide the employment level in the
society (Mitchell, Agle, & Wood, 1997)
www.hndassignments.co.uk
AC1.3: Explain the responsibilities of an organisation
and strategies employed to meet them
Employee
Responsibility
Govt.
Responsibility
Social
Responsibility
Environment
Responsibility
www.hndassignments.co.uk
There are four major responsibility of an organisation which
are handled by employment of proper strategies:
1. Employee Responsibility
2. Govt. Responsibility
3. Social Responsibility
4. Environment Responsibility (Leach, Stewart & Walsh, 1994)
www.hndassignments.co.uk
 Employee responsibility:
 Develop abilities and competencies of employees
 Human resource development
 Build better relationship between the organisation and the
employees
 Govt. responsibility:
 Abide by the regulations, law and order
 Honestly pay taxes and duties
 Help the govt. in developing the economy and employment
www.hndassignments.co.uk
 Social responsibility:
 Customer satisfaction
 Social responsibilities (CSR)
 Contribute towards developing the local communities
 Environment responsibility
 Take action towards reducing plastic usage, wastage, and harmful
materials usage, etc.
 Take responsibility to plant trees
 Increase awareness about environment within and outside the
firm (De Leede, Nijhof & Fisscher, 1999)
www.hndassignments.co.uk
Thank You
www.hndassignments.co.uk
Presented By: HND Assignment Help UK
www.hndassignments.co.uk
References
 Carroll, A. B. 1991. The pyramid of corporate social responsibility: toward the
moral management of organizational stakeholders. Business
horizons, 34(4), 39-48.
 Daft, R. L. 2010. Organization theory and design. Stamford: Cengage
learning.
 De Leede, J., Nijhof, A. H., & Fisscher, O. A. 1999. The myth of self-
managing teams: a reflection on the allocation of responsibilities between
individuals, teams and the organisation. Journal of Business Ethics, 21(2-3),
203-215.
 Leach, S., Stewart, J. D., & Walsh, K. 1994. The changing organisation and
management of local government. London: Macmillan.
 Mitchell, R. K., Agle, B. R., & Wood, D. J. 1997. Toward a theory of
stakeholder identification and salience: Defining the principle of who and
what really counts. Academy of management review, 22(4), 853-886.
 Perry, J. L., & Rainey, H. G. 1988. The public-private distinction in
organization theory: A critique and research strategy. Academy of
management review, 13(2), 182-201.
 Stacey, R. D. 2007. Strategic management and organisational dynamics:
The challenge of complexity to ways of thinking about organisations. New
Jersey: Pearson Education.
www.hndassignments.co.uk

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Business Environment

  • 1. BUSINESS ENVIRONMENT  Richard Docc- Hamilton College- www.hndassignments.co.uk
  • 2. AC1.1: Identify the purposes of different types of organisation www.hndassignments.co.uk
  • 3. There are broadly two types of legal entities: 1. Private Sector 2. Public Sector www.hndassignments.co.uk
  • 4.  Public Sector:  Government run organisations at local, regional and national level  Some services are exclusively provided by public sector organisations  Most of the organisations charge minimal cost to the customers (Perry & Rainey, 1988)  E.g: Royal Mail, Govt Corporations, Govt Departments www.hndassignments.co.uk
  • 5.  Private Sector:  Organisations are owned by individuals  Firms operate to generate profit while providing services or selling goods  Individual owners reap the profit and income from the company  Most of the businesses operate to cater goods and services with better quality (Stacey, 2007) www.hndassignments.co.uk
  • 6. Types of business organisation: Overview  Sole Trader  Partnership  Franchises  Co-operatives  Public sector  Public Limited Company (plc)  Private Limited Company (Ltd) www.hndassignments.co.uk
  • 7. AC1.2: Describe the extent to which an organisation meets the objectives of different stakeholders www.hndassignments.co.uk
  • 8.  Organisation consists a variety of stakeholders who come with different needs and objectives  It is crucial for the firm to fulfil the needs and interests of its stakeholders (Carroll, 1991) www.hndassignments.co.uk
  • 9. Stakeholders  Investors:  They provide the firm with capital  Investors are concerned with their return on investment, and risk associated with it  They take decisions about buying or selling their investments based on information  While they are invested in the firm, they need dividend from their investments (Daft, 2010) www.hndassignments.co.uk
  • 10. Stakeholders  Employees:  Employees are concerned with their job stability, which is related to the profitability of the firm  They are the driving power of the firm towards productivity  Employees are interested in compensation, retirement benefits, and opportunities at workplace www.hndassignments.co.uk
  • 11. Stakeholders  Lenders:  Lenders need confidence on the organisation to decide whether to further extend lending facility  They make use of the information to decide the viability of loan repayment and interest payment by the firm www.hndassignments.co.uk
  • 12. Stakeholders  Suppliers and other trade creditors:  Integral part of the firm’s production and service delivery process  Need information which reflects the firm’s ability to repay trade credits  Decide on the performance of the firm whether to continue the relationship or not www.hndassignments.co.uk
  • 13. Stakeholders  Customers:  The primary objective of the firms is to cater to its customers efficiently  Based on the firm’s performance, they decide their loyalty www.hndassignments.co.uk
  • 14. Stakeholders  Governments and their agencies:  Decide the regulations (tax rates, interest rates, etc) which affect the operation of the firm  Need information about the activities of the firm  Examines the legal and regulatory compliance from time to time  Allocates resources to the organisation www.hndassignments.co.uk
  • 15. Stakeholders  Public:  Organisations have a long reaching impact on every member of the society  Responsibility of the organisation to contribute towards community development causes  Performance of the firms decide the employment level in the society (Mitchell, Agle, & Wood, 1997) www.hndassignments.co.uk
  • 16. AC1.3: Explain the responsibilities of an organisation and strategies employed to meet them Employee Responsibility Govt. Responsibility Social Responsibility Environment Responsibility www.hndassignments.co.uk
  • 17. There are four major responsibility of an organisation which are handled by employment of proper strategies: 1. Employee Responsibility 2. Govt. Responsibility 3. Social Responsibility 4. Environment Responsibility (Leach, Stewart & Walsh, 1994) www.hndassignments.co.uk
  • 18.  Employee responsibility:  Develop abilities and competencies of employees  Human resource development  Build better relationship between the organisation and the employees  Govt. responsibility:  Abide by the regulations, law and order  Honestly pay taxes and duties  Help the govt. in developing the economy and employment www.hndassignments.co.uk
  • 19.  Social responsibility:  Customer satisfaction  Social responsibilities (CSR)  Contribute towards developing the local communities  Environment responsibility  Take action towards reducing plastic usage, wastage, and harmful materials usage, etc.  Take responsibility to plant trees  Increase awareness about environment within and outside the firm (De Leede, Nijhof & Fisscher, 1999) www.hndassignments.co.uk
  • 21. Presented By: HND Assignment Help UK www.hndassignments.co.uk
  • 22. References  Carroll, A. B. 1991. The pyramid of corporate social responsibility: toward the moral management of organizational stakeholders. Business horizons, 34(4), 39-48.  Daft, R. L. 2010. Organization theory and design. Stamford: Cengage learning.  De Leede, J., Nijhof, A. H., & Fisscher, O. A. 1999. The myth of self- managing teams: a reflection on the allocation of responsibilities between individuals, teams and the organisation. Journal of Business Ethics, 21(2-3), 203-215.  Leach, S., Stewart, J. D., & Walsh, K. 1994. The changing organisation and management of local government. London: Macmillan.  Mitchell, R. K., Agle, B. R., & Wood, D. J. 1997. Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Academy of management review, 22(4), 853-886.  Perry, J. L., & Rainey, H. G. 1988. The public-private distinction in organization theory: A critique and research strategy. Academy of management review, 13(2), 182-201.  Stacey, R. D. 2007. Strategic management and organisational dynamics: The challenge of complexity to ways of thinking about organisations. New Jersey: Pearson Education. www.hndassignments.co.uk