These can come from hugely varied sources, from the weather to a war on the other side of the world. The economy and government attempts to control it are more obvious influences on business activities but how each business will be affected are vastly different. During this unit you will investigate the differences in businesses; how they are run organised and influenced. Why certain businesses are organised in different ways and which individuals and organisations are interested in the progress of different businesses. By the end of this unit you should understand: • The range of different businesses and their ownership.
Does it sell a good or service? Yes most of the replies have been good b. What are the business aims and objectives? To increase income and market share c. Who is the target audience? People looking for a good time and team building exercises d. What is it trying to achieve?
UNIT 1 P6- THE BUSINESS ENVIRONMENT Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. Tesco and The Manchester College In all businesses there some factors that have impact on how the organization is run and this are political, legal and social factors. Political factors are factors that deal with the public in which are the decision taken by the politicians who have power to run the country and control people and their businesses. This includes government support, taxation, direct support, infrastructure, enhancing skills of the population, membership of international trading communities. Government support for different types of organisations The Private Sector: the government helps the private sector by providing grants to start up new enterprises, and competition commission restricts businesses from getting too big and abusing of their power and force out smaller rivals.
Zappos’ leadership would agree with this statement since they believe their company culture is the differentiator. Hsieh states, “Our belief is that if you get the culture right, then most of the other stuff—like great customer service or building a long-lasting, enduring brand—will happen naturally.” Aside from how this may have impacted the company from a financial performance perspective, this was the driving factor behind the attention Zappos was receiving from consumers, the press, and academics. People were interested in taking tours of the company’s headquarters and understanding more about Zappos. This is partly because of Zappos’ unprecedented focus on its’ unique company culture. Since people talked about it and gave that aspect of the company attention, it clearly impacted Zappos in a positive way.
Introduction Companies have to answer to numerous people on the decisions they make and rarely are companies able to hide mistakes. They may think they can keep mistakes a secret, but almost always, the information eventually comes out and generally in a very public way. Executives and managers have an obligation to follow certain rules. There is a Civil Code that outlines the obligations of corporate directors. Article 144 requires “that a director/officer does everything in their power to serve the interests and obligations of the corporation first, ahead of any personal interests; does everything in their power to serve the interests and obligations of the staff, ahead of any personal interests; does everything in their power to serve the needs and requirements of customers ahead of any personal interests” (United America, 2009).
Given the rapid growth and success of Haier since its inception, the company’s strategies appear to be helping Zhang and his employees to reach their strategic goals. 3. How might SWOT analysis be useful to Zhang Ruimin? In order to compete effectively in a global market, Zhang Ruimin must be alert to changes in opportunities and threats in the external environment; be equipped to take advantage of internal strengths; and be cognizant and realistic about Haier’s internal weaknesses. Conducting a SWOT analysis is a valuable tool in achieving these objectives.
Retention is also important due to the fact that a business would not want to lose these talented individuals since they have contributed greatly to the business. For example, Geoffrey is aiming to distribute his policies of rapid growth nationally in order to attract new staff. The current staff who are interested in working on accomplishing the goal would be retained as well. 2. Describe what you understand by strategic recruitment.
Over recent years Veolia has issued multiple profit warnings, and there were extensive reports of board room disputes. It could be argued that under this unitary and joint Chairman/ CEO model which Veolia was operating, the internal issues of the Board were having a negative effect the performance of the business and that shareholders interests were being neglected. If the roles of Chairman and CEO were to be separated with a clear distinction between driving the tactical and operational strategy and maintaining its stakeholders interests, it would have helped to create a balance between management and control, the competitive advantage and ‘added value’ of boards contribution, and its involvement in the strategic debate between the Board and
A reward system always be the reason for the company employees to boost up their energy. It has been proved that when there is a value added compliment for any worker they become loyal to the firm. Rewards promotes the image of company and it will eventually increase overall revenue productivity and so one. With all these benefits a company must use this reward strategy in an effective manner where it does not destroy its own capital. If a company fails to implement this strategy there the disaster happens.
Factors that have been particularly favorable to Marks and Spencer in diversifying its retail businesses into financial services (lending, pension, life, assurance etc.) , • Good image and reputation of the company. A company's image is what makes it stick in the minds of potential customers. It's so important because your image instantly tells all your customers and vendors what kind of company you're running. If your image is excellent, it will make your company stand out from its competitors.