TABLE OF CONTENTS
1.1 Identify the purposes of different types of organisation pg.3,4
1.2 Describe the extent to which an organisation meet the objective different stakeholders pg.5
1.3 Explain the responsibilities of organisation and strategies employed to meet them pg.6,7
2.1 Explain how economic systems attempt to allocate resources effectively pg.7, 8
2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities pg.8, 9
2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation pg.10
3.1 Explain how market structures determine the pricing and output decisions of businesses …show more content…
All company assets belong to the company and not to its owners. The owner of company they have shareholder.
Franchising is a business in which the owners or franchising sell the rights to their business. The franchising must first pay an initial fee the rights to the business, training and the equipment by that franchise.
1.2 DESCRIBE THE EXTENT TO WHICH AN ORGANISATION MEETS THE OBJECTIVES OF DIFFERENT STAKEHOLDERS
A stakeholder is a person, group or organisation that has interest or concern in an organization. Stakeholders can affect or be affected by the organizations actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies) owners (shareholders), suppliers, unions, and the community from which the business draws its resources .Not all stakeholders are equal.
Stakeholders are individuals groups where they have an interest in how the enterprise performs because it affects them in some way. Every organisation has their types of stakeholders groups:
* internal stakeholders (employees, management)
* connected stakeholders (shareholders, customer, suppliers, financiers)
* external stakeholders (the community, government)
The internal stakeholders are the groups which are connected with the organisation. They it’s interested to continue the existence of the company (e.g. Owners and workers).
The external stakeholders are a party such
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Firstly Stakeholder is an individual or a group who has an interest in the success of a business I delivering high results and maintaining the viability of the business’s products and services.There are internal and external
Stakeholders are people that have an interest in the success of business and play a role in the survival of that business. They tend to submit monthly amounts of money
A stakeholder is anyone with an interest in a business. Stakeholders are individuals, groups or organisations that are affected by the activity of the business. There are two different types of stakeholders; internal and external. Internal stakeholders are groups within the business e.g owner/workers and employees. External stakeholders are local and national communities and governments, these are groups outside of the business.
A stakeholder is a person or a group of individual who are interested in the success of a business in delivering successful results and maintaining the activity of the businesses products and services. There are internal and external stakeholders in every company. An internal stakeholder is someone who is internally connected to the business that have personal interests which they may follow. An external stakeholder can be a person or a group of people such as investors, customers, suppliers, people who are predisposed by the business but are not fully in the business.
A main component of any company are stakeholders. A stakeholder is a person, group, or organization that has an involvement or interest in a company. Stakeholders can affect a company’s actions as well as be affected by them. There are several key stakeholders in Comcast who play a large role in how the company is ran. These include managers and employees, government agencies and unions, and finally the shareholders.
John Kew and John Stredwick mention that Jonhson et all 2011 defines a stakeholder as “those individuals or groups who depend on the organisation to fulfil their own goals and on who in turn the organisation depends.”
Stakeholders have a significant influence on the aims of an organisation. They are the people who are affected by or interested in the business. In some organisations the shareholders are stakeholders, and at times have some of the decision power. In trade organisations, customers are also considered stakeholders; therefore their needs are part of the organisation’s overall objectives.
Internal stakeholders are those who render their services and engage in economic activities within a grocery store. Owners, employees, suppliers, customers, investors and vendors could be some internal stakeholders.
A stakeholder is someone who someone who benefits or is burdened by a corporation, or someone who the corporation benefits or is burdened by. (Steiner). Stakeholders are represented by two main groups; primary and secondary
“Stakeholders (or interest groups) are tangible, visible and approachable groups or institutions which have a direct influence on the functioning of an organisation.”
A stake holder, in general is defined as an individual or organization likely affected by the performance of an organization. In “The stakeholder theory of the corporation: Concepts, evidence, and implications” by Thomas Donaldson , he quotes Stanford research institution and calls stake holders “those groups without whose support the organization would cease to exist.”
A company’s stakeholders are all those who are influenced by and can influence a company’s decisions and action, both locally and globally. Business stakeholders include(but are not limited to) employees, suppliers, customer, community organizations, subsidiaries and affiliates, joint venture partners, local neighborhoods, investors, shareholders(or a sole owner in case it is sole
The (word) stakeholder means any person with an interest in business, someone who can contribute to the company grows and success or who benefits from its success. The various stakeholders in business have differing role and their level of involvement in the enterprise varies