Saturday, February 8, 2020

Business Environments Assignment Example | Topics and Well Written Essays - 2500 words

Business Environments - Assignment Example Whether for-profit or non-profit, organisations embody a very diverse and rich assortment of strategic goals that are designed around a collective objective. Organisations must meet the needs of very diverse and dynamic stakeholders whilst also taking into consideration the economic policies in the region where the organisation operates, consider existing market forces that influence decision-making, and also take into account the potential cultural aspects of important stakeholders if the organisation is to have successful outputs and outcomes. The report explores a broader definition of organisations, their role in satisfying diverse stakeholders, and the market environment that influences organisational decision-making whether for-profit or non-profit. Identifying the purpose of organisations There are many different varieties of organisations, including corporations, non-profits, cooperatives, partnerships and governments. Organisations embody a very rich assortment of goals and visions, either set-up to service the needs of diverse international stakeholders, provide a valuable product or service that enhances the welfare of consumers, elicit some form of political or social change, or improve the social welfare of stakeholders linked to the mission of the organisation. Organisations require leadership and oversight in order to ensure compliance to regulatory frameworks both domestic and international and â€Å"have the ability to call upon a common heritage of committee structures or formal meetings† (Smith 2010, p.2) to ensure the organisation is meeting its long-term goals and purpose (mission). One example of this can be found with the UK-based non-profit, the Centre for Better Health, which provides well-being to consumers through counselling services and assists individuals in the London region to better develop their employability skills. This organisation is considered a social enterprise, whereby its purpose is to provide enhanced lifestyle and health promotion to stakeholders in the region. Consisting of 20 different staff members and 50 volunteers, the Centre for Better Health elicits change in social welfare for stakeholders as aligned with its mission and vision. Yet another example of how organisations meet their purpose and satisfy social welfare improvements is the UK company Marks & Spencer, a retail organisation providing valuable products that enhance lifestyle for consumer segments. The company’s mission statement drives the majority of their business practices, aligning corporate ideology with consumer social welfare improvements. The mission statement is to provide aspirational quality that can be accessible for all consumer segments, whilst maintaining a vision of being the standard by which all other retailers are judged. Marks and Spencer maintains a very dedicated focus toward providing corporate social responsibility which again serves their purpose of enhancing social welfare. Marks and Spenc er is an ideal example of how an organisation develops systems, best practices, and labour relationships to provide a social good to society. Meeting the objectives of stakeholders The external market environment, with most organisations, dictates internal policies and the necessary organisational structure required to be adaptable to these changing conditions. Contingency theory informs organisational leadership that in order to remain relevant and

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