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Describe the extent to which an organisation meets the objectives of the different stakeholders 6
2. Explain the responsibilities that the Shell organisation has and the strategies they employ to meet these responsibilities: 8
Task 3 Evaluate the impact of competition policy and other regulatory mechanism on the activities of a selected organization 9
Task 4 10
1. Judge how the business and cultural environments shape the behaviour of a selected organisation. 10
2. Analyse the impact of global factors on UK business organisations. 11
Task 5 Evaluate de impact of two policies of European Union on UK business organisations 12
Reference list 14
An individual or a group of people that works together to achieve certain objectives represents a business organisation. Those business organisations are created to make profits for owners. Another type of business organisation is the non-profit business organisations which are designed for public purposes. Those businesses raise money and use different resources that support public purposes. (Neil Kokemuller, 2014).The business organization responsibility is to keep the stakeholders such as employees, government, shareholders and suppliershappy to achieve their goals. A business can be affected by internal factors such as behaviour of employees, management or by decision makers, but in the same time can be influenced by external factors such as competitors, customers and government.
Task 1 Identify the purposes of different type of organisation
An organization is formed from a variety of people that get together to plan its financial or non-financial goals. Organisations can be classified into different types, based on their targets. There can be profit based organisationssuch as public limited company, private limited company, partnership, sole trader, co-operative, franchise and non-profit based organizations, such as public sector and voluntary sector (e.g. Charities). Every corporation holds its own business environment and has different approaches on its particular strategies so as to meet its organizational targets. (Marcouse, 2010) Next examples will take us across of each-type of organizations, purposes and responsibilities involved.
Private limited company (LTD)
Private limited company (LTD) is an organization which can be set up to run a firm; any profit that they make is owned by the firm. They can share its profits only after the Corporation Tax are paid. Ltd is an organizational structure which gives limited liability to its members. The company is run by directors which are responsible for the decisions and strategy that they adopt. The main advantage of limited company is the fact that the business is incorporated, this means that the owner is separate from the legal facts. Because private limited company has limited liability the owners can lose only the money that was invested no matter how big its debts are. This sort of...