Business Environment Essay

2821 Words 12 Pages

Business Environment: An In-depth Study from Organisational Aspect

Course Title: Business Environment

Student Id: LCC20135580

Student Name: Mohammed Fafid Miah

Date of Submission: 12/12/2013

Table of Contents

Lists of the Content Page Number

1. Understand the organizational purpose of businesses 4

1.1 Identify the purpose of different types of business organization 4

1.2 Describe the extent to which an organization meets the objectives of

different stakeholders 5

1.3 Explain the responsibilities of an organization and strategies employed to meet them6
2. Understand the nature of the national environment in which business operate 6

…show more content…
The rival entities also create different firms to meeting the needs of the people. In the competitive market, the businesses are also links to specific business. The government has certain regulation, control and influence onto the business. Besides, there are also global factors, event or others issues that also affect the business in large scale. It is observed the nature and business operation varies from organisation to organisation (Wether and Otter, 2011). With respect to different factors, it is said that the nature of the business environment is different also where the business has to adopt with the management and procedure considering the entire situation.

1. Understand the organizational purpose of businesses:

1.1 Identify the purpose of different types of business organization:

The main attempt of the business organization is to be the market leader, will give importance to all stakeholders because customer will get high quality products, shareholder will receive high dividend, and employee will receive handsome wages and so forth (Stredwick and Kew, 2008). Principal shareholders and their inclinations are indicated below:

Share holder: In the business organisation, the share holder plays a significant contribution and acts like the good return on investment;

Employee: Fair pay and working conditions which should be maintained for all of the employees;

Supplier: Regular business

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