Unit 1: The Business environment P3 and P4 Introduction; Aims and objectives of a business are what the company hope to achieve. Aims are the long term plan and the 'bigger picture' for the company and objectives are the smaller goals in which they need to achieve to reach that desired future. The aims and objectives of any organisation depend on what type of business they are. For example the aims of a smaller non-profit organisation such as a charity will be very different to those of a large global company in the private sector. The reason that a company has aims and objectives is so that they have goals to achieve because it is important that all businesses have a plan to follow.
M1 I will be identifying two different stakeholders in the BBC organisation. I will be talking about the points of view these stakeholders have on each organisation and how they impact the aims and objectives of each organisation. If you are a stakeholder in an organisation it simply means that you have a specific interest in the business you also know the outcome of the business but this also means that if your needs are met you will have a wonderful effect on the business’s aims and objectives. What is the BBC? The BBC is a public company whose purpose is to provide a service without the intent of making a profit.
What is the project’s net present value? When attempting to finance a project, it is important to know the financial health of the company. The net present value aids with analyzing the profitability of a project. It demonstrates the difference between the present value of the cash inflows and the cash outflows (Titman, Keown, & Martin, 2011). When a negative net present value is obtained, it is a sure indicator that the firm should not continue to invest in a project.
Business Research Report The Positive Aspects of Ethical Business Practices Assessment Code: RWT1 Student Name: Lauren J. Williams Student ID: 268329 Date: November 26, 2013 Mentor Name: Ms. Chevon Cooke TABLE OF CONTENTS Executive Summary 3 Introduction 4 Research Findings: Ethics Programs Can Help Guarantee Corporate Compliance 5 An Ethical Workplace Boasts More Satisfied and Efficient Employees 6 Positive Media Attention Leads to Consumer Confidence…………………………………………………………………..7 Recommendations 8 Conclusion 9 References 10 Executive Summary The purpose of this report is to provide a thorough analysis of our company’s current ethical standards and the consequences that we will incur if we refuse to implement a more ethical and socially responsible way of doing business. I have thoroughly analyzed current federal and state laws in comparison to our company’s current business methods. Results of my investigation indicates that we are exposing our company to both criminal and civil penalties, spending needless money on training new employees instead of retaining current ones as well as failing to provide a positive consumer perception via media outlets.
The Legal Structure of Setting Up an Not for Profit Organization Business Law II Professor Paul Desaulut July 25, 2011 When an organization comes together for the sole purpose to benefit the public, with a mission to enhance the public welfare, you may well be on your way to starting up a nonprofit organization. If your organization does not have an owner, stockholders, or trustee shares in profits and losses you to could be on your way to being the founder of a nonprofit organization. Nonprofit organizations are often driven by a purpose that the founder believes in very strongly, and therefore will be very closely involved with the day to day functions of the organization. From the setting
What is the CEO's role in all of this and 3. Can this work in your organization? If not, why? Using in-depth research as well as critical thinking, the analysis will support the view that Costco successfully uses the flexible leadership theory (FLT) and that the CEO is key to the success of the flexible leadership theory at Costco. The analysis will also show that, although the flexible leadership theory would be beneficial to APAC, it would not be supported based on the current culture of the company.
Childminding is caring and watching children usually from 0-8 years of age. Childminders can be hired on part -time or full-time basics. Childminders are trained, insured and qualified in first aid. E2 Using childminding in a home environment can be more flexible than other forms of childcare which is a benefit for parents who have to work out of school hours and need someone to look after their child after or before school. Also for parents who have young children and cannot yet get them into a school or nursery due to their age, so need someone to care for their child while at work.
Aristotelian Approach is a way to look at individuals in a corporation the same way Aristotle looked at people in the environment, by taking individuals into consideration over society, it focuses on individual habits of character to do good. Aristotle believed rights are important but the concern is more with the individuals’ virtues. There are six dimensions of this ethics: Community, excellence, role identity, integrity, judgment, holism (University of Phoenix, 2009). An example of this business ethic in a leader today is Oprah Winfrey. Oprah Winfrey ethical theory is best described as a philanthropic, and falls in line with the Aristotelian Approach.
Conversely, for-profit industries focus on the needs of the marketplace, offering whatever may be needed to create a lucrative profit and “choosing to distribute profits between owners, employees, shareholders and the business itself.” (Ingram). The idea of social business has become an increasingly sustainable and profitable model in today’s economy. In his book, Creating a World without Poverty: Social Business and the Future of Capitalism, Muhammad Yunus discusses two types of social business. The first focuses on businesses dealing with social objectives only, and second type is any money-making business that is owned or managed by the disadvantaged people. The social idea is
A parent’s role is to take care of their children until they are old enough to take care of themselves. For the parents of the disabled, the role of caregiver never really stops. What happens to the disabled when their caregivers get too old to properly care for them? The future is a scary uncertainty for aging caregivers. The United Nations define disability as “a person who suffers from a physical, mental, or sensory impairment that limits their ability to perform daily activities, caused or aggravated by social or environmental conditions,” (Martins, 2014).