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BUSINESS ENVIRONMENT Christopher Toppo Freelance Writer [University Name] [Date] Introduction Sainsbury's was founded in 1869 by John James Sainsbury and his wife Mary Ann Sainsbury in London. The company has evolved in to one of the largest UK’s largest retailers. Sainsbury employs about 157,000 people in UK spread across 1,106 supermarkets, convenience stores and online groceries. The company opened 14 new supermarket stores in the last financial year with 8 extensions and there were 87 convenience stores added to Sainsbury’s list. The company has declared profits of £756M in 2013-14. Task 1a An organization is described as a grouping of associated people acting together. This is a structured layout, focused to meet a need and pursue collective goals. With all organizations, an effective management structure is established to undertake relationship management between members and associated activities. The management of an organization subdivides the hierarchy to assign roles and responsibilities. Every individual is entrusted with discrete authorities to carry out their tasks. Organizations can be referred to as open systems as they affect and are affected by external or internal environment. The following section briefly describes each type of organization. Sole Trader – This is a form of organization which is controlled by an individual. Sole trader form of business environment can extend up to family members depending upon size, personal control and other business needs. Sole proprietorship is flexible, easy to organize and manage. The biggest challenge for sole proprietorship is unlimited liability and risk of losing assets. Partnership – This is a model based on sharing profits and pursuing common business obje... ... middle of paper ... ...orm of organization is funded through voluntary contributions. Sainsbury’s is established as a public limited company. For Sainsbury's, corporate responsibility means providing good quality food at fair market prices and paying a suppliers with an equal fee. The company vies to keep buyers and suppliers on reasonable terms. Vision of Sainsbury To be the most trusted retailer where people love to work and shop. Goal of Sainsbury The company wants to make the lives of its customers easier by offering great quality service at fair prices. Sainsbury’s have established a set of values to make them different and recognize its growth. The goal of the company is to make people live well at less cost. 5 values of Sainsbury are: • Best for food and health • Sourcing with integrity • Respect for environment • Making a positive difference to community • A great place to work