Hnd Business Enviroment Level 5 Essay

3475 Words May 21st, 2013 14 Pages
SUMMARY

There are many differences between business organisations, beginning with the purpose and goals of an organisation. Business organisations belong to various different categories including the private, public and non-profit sectors. This assignment will discuss a business organisation from each of those sectors, outlining the purpose, objectives, and stakeholders of each. It will also discuss the different ways that global factors and market structures can impact each of those companies.

CONTENTS PAGE :
L01 Understand the organisational purposes of business
Identify the purpose of different types of organisation
Describe the extent to which an organisation meets the objectives of different stakeholders
Explain the
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Their short term objectives would be increasing sales. The vision would centre around employee co-ownership with the happiness of partners as the ultimate purpose. The mission is the satisfaction of employees. Finally, the value would be to represent the best possible choice, as a result of providing the best quality, trust and customer service.

As for BA, their vision is being ‘the world’s most responsible airline’, their value is centred on putting people first.
The mission of WVI is to dedicate themselves to work with children, families and communities to overcome poverty and injustice

1-2 Describe the extent to which an organisation meets the objectives of different stakeholders

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.

The following table outlines the stakeholders for each of British Airways, John Lewis and World Vision International. It also indicates the level of power each stakeholder represents and the organisations’ interest in them.

British Airways: Stakeholders | Internal | External | Power | Interest |

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