In the business world, there are different types of business entities and can be categorized using different parameters. There are sole proprietorship businesses, partnerships, companies and others also exist as franchises. All of these types of business organizations have the objective of meeting client needs, make profits and grow from one level to another. Each business setup works differently from the other as they all have different platforms on which they run, with different goals, and also offering different services or goods. They all target to satisfy their stake holders differently. With this in mind, most organizations will craft their objectives and missions towards fulfilling the expectations of all that are involved by making good returns on investments by the stake holders (Business case studies, 2013). Organizations run on managements platforms which are there to ensure total productivity of the businesses. Responsibilities of business organizations range from those meant to serve the interests of their customers, stakeholders and other related responsibilities. These are among the other responsibilities that the organizations have, and they put down measures and plans on how to achieve them, basing on the kind of responsibilities in their priorities. Drafting of a clear business plan has been known to be a key method of achieving their responsibilities. There are also long and short term goals set out at periodic or set intervals of time. Most businesses will use such to gauge their productivity and achievement of their responsibilities. There is need for a balanced growth in terms of the objectives of businesses, meaning their missions are not restrained to profit making but other cooperate and social responsi... ... middle of paper ... ...nizations, allowing international trade to thrive in this region. EU policies on trade have helped secure the trade interests of Europe, and UK businesses have been party to these benefits (Clark and Lorgan, 2006). Works Cited Stonehouse, G, Campbell, D &Purdie T. (2004), Global and Transnational Business: Strategy and Management, 2nd edition, North Umbria University: John Wiley & Sons ltd Clarke, R, Lorgan, E.J. (2006), New Developments in UK and EU Competition Policy. 1st edition Northampton: Edward Elgar publishing ltd. BTEC, 2013, The main functional areas within business organizations. Viewed 25th Nov http://www.teachmebusiness.co.uk/page29/page16/page18/assets/Functionalareas.pdf The times 100, 2013, Business case studies: Types of businesses. Viewed 25th Nov http://businesscasestudies.co.uk/business-theory/strategy/types-of-businesses.html#axzz2lchYOmCy
Introduction: In this task I am going to be talking to you about the way my two organisations which are Tesco and British Heart foundation fulfil their purpose. I will also be including the way that the departments work together or individually to achieve the aims and objectives of the business including the business purpose. I will be extending the task be explaining what value statement and mission statement are and also the way that S.M.A.R.T objectives are used by organisations. Business use S.M.A.R.T objectives as a way to help them evaluate their aims and objectives, and see whether their aims are specific, measurable, achievable, realistic and timed.
In conclusion, the benefits of the UK’s membership in the EU outweigh the costs. The most significant benefit is the access they have to the single market as this has managed to benefit quite Access to single market is aiding this inward investment
Glader, M. (2006). Innovation markets and competition analysis: EU competition law and US antitrust law. Camberley, UK: Edward Elgar Publishing.
Jones, A., 2007. Britain and the European Union. 1st ed. Edinburgh: Edinburgh University Press Ltd
Business in the domestic and global markets have become saturated with competition which laid claim from smaller producers of goods and services; that they were being left out of the markets for the reasons of competing prices. The concept of 'fair trade' was introduced to provide these individuals with a way to compete against the pressures of the big giants of producers of goods and have equal position to sell goods in the markets. This opportunity allows ...
What major technology change has had the greatest impact on the quality of your life?
Established in 1914 as Western Australian Farmers Corporative with its diverse business has grown into largest listed companies in Australia. The business varies from supermarkets and departmental stores ( Coles, Coles express, Kmart, Target), home improvement and office supplies (Office works, Bunnings), Coal production and export, chemicals, energy and fertilisers (QNP, Kleenheat etc.), industrial and safety products (Wesfarmers Industrial & Safety, Blackwoods etc.). It is one of the largest employers in Australia, employing 200,000 and shareholder base of approximately 500,000.
Competition law in the European Union has developed from being an uncertain preoccupation of a few economists, lawyers and officials to one of the leading competition law system in the globe. Nonetheless, in agreement with most commentators, there are inherent flaws within the EU Commission’s procedures. This paper aims to provide an account of concerns in the current system, drawing comments from scholars and EU officials in order to demonstrate both benefits and shortcomings of the system. An overview of the legal and policy debate of the current EU Competition enforcement will be presented as the introduction. Policy concerns such as prosecutorial bias and self-incrimination in enforcement powers will be the main subjects for the purpose of this paper, followed by analysis of the EU commission structure, in particular checks and balances and the hearing process, both of which have been claimed being incompatible with the ECHR. A comparison with the US Antitrust system will also be paralleled through out this essay in order to demonstrate a clearer examination. This essay will conclude with the Commission’s flaws that have effected on the upcoming UK competition law reforms.
Springford, John, Tilford, Simon. The Great British Trade-off The Impact of Leaving the EU on the UK’s Trade and Investment. Centre for European Reform. Web. 10 May 2014. .
... numerous positive aspects of international trade, some of them include a boost in economic growth, both locally and nationally as well as creates a fairer competitive market space. The outcomes of international trade are explained throughout this essay. Also, this essay identified how monopolies in a domestic market respond to foreign competition and how they must adapt to such situations. The measures taken by government to prevent and control foreign competition are briefly explained and as to how these can work to hinder domestic markets from competition. The positive, short-term effects of trade protectionism are increased government revenue, prevention of ‘dumping’ and an increase in domestic production. Although, the long-term effects of such actions are often the opposite to the original idea of protectionism and could lead a country to economic stagnation.
With the introduction of the Euro Zone allowed the Anglo and INBS to compete in the Irish market. Unfortunately, this resulted in the willing...
Organizations can be configured in many different ways. Their overall classifications can be summarized by characteristics of complexity within the system, the level of formalization, and the centralization of decision-making power. The structure of each organization is influenced by many factors. Such factors include; the goods and services provided, the overall individuality of the staff providing the service and producing the products. The overall beliefs and values of the individuals performing the services that are being delivered, the technology that is utilized to help deliver the services and aid in product production, as well as the needs, desires, and generalized characteristics of the consumer population that requires or demand the product or service. (Yoder-Wise, 2007, p. 145) The organization will have different operating priorities based on its ownership. The main goal behind most business is to make money. The private owned institution strives to make its shareholders money, while a non-profit institution reinvests all of its revenue back into the orga...
The change in government policy will have a big impact on the PC market; for example, recent proposals to extend membership of the EU will lead easier access into the market for UK firms.
The business plan will also be useful in facilitating the adoption of a strategy that will help the business prosper in the modern market. The plan will be a critical tool that will help in the production of a reliable strategy for attaining the goals and objectives. The proposed business plan will be implemented in three years time. Within the first three years, the business i...
The environment contributes resources to the organisation only if the organisation returns desired goods and services to it.