Characteristics Of A Business Organization Essay

Characteristics Of A Business Organization Essay

Length: 2194 words (6.3 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Each business has there own unique features that characterise the way in which the company does business. Bindle is in the unique position of being in a number of different industry’s, these being online retail and luxury goods. Bindle faces many factors spaning from both macro and micro factors. Being a company that is predominately based online it is extremely dependent on technology and the modifications and advancements that occur. Being a business that is based in Australia it is important that the business recognises the large number of immigrants that live within the country and cater products to sell for there needs. Over recent years it has become socially desired for companies to have environmentally friendly products. Bindle has found a number of target markets through its ability to cater for all different ages, ethnicities and sex. A major target market for Bindle will be a younger female that enjoy the outdoors. Bindle have the ability to make a number of different modifications to continue to grow the business including modifying products, changing the pricing system and the distribution of products.
To ensure Bindle continues to grow as a company and remain at the front of the industry for “hand-made, tailored gift packages gift” (Bindle 2016), it must ensure it continues to develop and produce new products that are of the same high quality that consumers have come to know.
An acquisition that Bindle could incorporate into there business is a brand new product tilted “Weekend Away”. Weekend away is a brand new bindle that incorporates small necessities for short trips that are often forgotten about whilst packing for a small adventure. A short trip away from home is illustrated perfectly in the Weekend away Bin...


... middle of paper ...


...ustry that creates gifts wrapped in a Bindle to supply to its customers. Bindle has had to overcome a number of different internal and external factors that have resulted in alterations within the business. These factors include, customers, technology, environmental and competitors. Bindle has a number of different targeted markets due to there unique range of Bindles they supply, however a predominate market that Bindle can try and target is young females that enjoy the outdoors. A product that Bindle may implement to further its company is weekend away, which incorporates sunscreen, hand cream, not book and biscuits for all adventures away from home. Bindle to further its customer base can enhance is online presence by being more active on a daily basis. Bindle may also decide to sell there products through a department store with the likes of Myer or David Jones.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Importance of Aligning IT Strategy and an Organization's Business Strategy: A Case Study of Metalco

- Strategic alignment maturity addresses the ability of organizations to adapt their IT and business strategies in a harmonious fashion. This alignment evolves into a relationship where the function of IT and other business functions adapt their strategies together. Early research on the topic has shown that organizations that show a high level of alignment maturity seem to be more capable of executing strategy as critical enablers of strategic alignment such as effective partnerships, communications, and governance manifest themselves through business-IT relationships and practices....   [tags: business]

Better Essays
1751 words (5 pages)

Essay about Developing an Effective Learning Organization

- There are several characteristics that are valuable to an organization. They must understand the environment internally and externally so that their creativity level is positively impacted by this knowledge. They must also be a visionary so that they can lead their business into the future, so they are constantly evolving. An organization must be flexible and know how to select good managers that will oversee their business so that they are free to work on their vision. Some of the best ideas will come from those who are in the business daily and any organization who wants to be a success must welcome the ideas of those they trust to manage their businesses....   [tags: Business Management ]

Better Essays
2451 words (7 pages)

The I Form Organization Essay

- 1) As we learned this semester, we have shifted towards the I-form organization. One question posed in class was “Does an I-form organization need to possess F-form characteristics at a minimum to be successful?” Discuss. Also, do you think that elements from the standardization and customization eras are still relevant in certain industries today. Discuss. I-form organizations that are also known as the innovation form organization is based on the operated based on the knowledge and theory. Based on the evolution of the organization models, it has become obvious that the I-Form organization has been moved away from the era of standardization and market segmentations....   [tags: High Performance Organization]

Free Essays
2221 words (6.3 pages)

The HR Function and Its Implications in the Organization Essay examples

- Summary Statement: This paper examines in detail HR function and its implications in an organization. The paper discusses how the HR function is handled in an organization. The paper explains what are the efficient ways to use it in an organization, its division and supervision strategies. Human resource function is the process by which the HR manager can ensure that the organization has correct number of employees with correct skills in present or in the future to meet the organization’s strategic business objectives....   [tags: organization, management, performance]

Better Essays
792 words (2.3 pages)

Business For Business ( B2b ) Essays

- Business-to-Business (B2B) Over the past few years, the travel and tourism industry has experienced a major increase in online travel and bookings, due to advanced Internet technology and networks (Vladimirov, 2015). Business to Business (B2B) Ecommerce involves conducting business transactions between companies or government entities over the Internet or World Wide Web (Yazdanifard, et al., 2012). B2B transactions replace complex written and verbal negotiations over complementary services, prices, or products between repeat customers or trading partners or associates (McElheran, 2012)....   [tags: Marketing, Business-to-business]

Better Essays
1378 words (3.9 pages)

Applied Business Research Case Study Essay

- The field of business management continues to evolve as organizations engage in the ever-changing global market. After years of unscrupulous corporate leaders managing and leading some of the world’s biggest corporations to failure, researchers and business leaders realize the need for ethical and sound leadership. The need for ethical and sound leadership helps to facilitate and manage daily operations and to sustain their competitive advantage within the global economy. However, with this evolution, numerous research studies add to the understanding of leadership theories and the effects on organizational climate and culture....   [tags: Business, Organization, Leadership Styles]

Better Essays
937 words (2.7 pages)

Robert Barnard 's Theory Of Cooperation And Organization Essay

- Like Frederick Taylor, Chester Barnard was concerned with management theory. An American business executive and public administrator, Barnard wrote the 1938 book called The Functions of the Executive which presented the theory of cooperation and organization. It also discussed the functions and methods of operation of executives in formal organizations. Unlike Taylor’s work that focused on approaches to organization, Barnard’s book concentrated on the operations of an organization and is based on years of observation of individuals and groups in actual organizations....   [tags: Management, Organizational studies, Organization]

Better Essays
733 words (2.1 pages)

What is Business Strategy Essay

-   Task 1 What is Strategy. Strategy is the long-term plan of an organization, which achieves advantage in a dynamic environment through fully utilization of available resources and competencies in order to achieve the goals of an organization. Theories Related to Strategic Planning Strategic planning is a management tool that is intended to support goals and objectives and making decision by allocating resources and it additionally helps to spot company’s strength, weakness, opportunities and threats....   [tags: Long Term Plan, Organization, Business]

Better Essays
1732 words (4.9 pages)

Imperative Strategic Planning For The Decision Making Of Organization Essay example

- . Imperative strategic plan collective Ideally, the reverse process should occur, where the tailored organization progresses from a detailed understanding of its problems, which ensures that a particular technology or technique is adapted to meet the needs of the tailored organization. This process of adaptation should also take into account the production and operation, size and workforce. Tailored organization needs to frame in terms of the needs of the tailored organization rather than the other way round....   [tags: Management, Strategic management, Organization]

Better Essays
1445 words (4.1 pages)

Competitive Organization Essay

- How does your organization compete. Walker et al. (2010) write, “competitive strategies are based on overall patterns of purpose, practice, and performance.” After reviewing the annual report and company website, it appears that Limited Brands Inc. (LTD) does not only have one competitive strategy. Since the firm is divided into several distinct strategic business units (SBU) with differing core competencies and available resources, as well as disparate customer and competitive characteristics it employs different strategies to create value, promote growth and profitability (i.e....   [tags: Business]

Better Essays
936 words (2.7 pages)