Business environment unit 01
Activity 1 P1&P2
Describe the type of business purpose and ownership of two contrasting businesses(P1). Describe the different stakeholders who influence the purpose of two contrasting businesses(P2).
This refers to the types of effects that businesses are faced with. Business activity:
This is any activity that is engaged in for the primary purpose of making a profit. Business activities can include things like operations, marketing, production and administration. Also known as "business operations".
An area of the economy in which businesses share the same or a related product or service. Economies are comprised of four sectors. The primary sector involves the extraction and harvesting of natural products from the earth (e.g., agriculture, mining and forestry). The secondary sector consists of processing, manufacturing and construction. The tertiary sector provides services, such as retail sales, entertainment and financial services. The quaternary sector is made up of intellectual pursuits, like education. Business purpose:
The purpose of the business is to fill a need. Money comes after. So, Basically Money is secondary. You should focus on a need to succeed the business. Filling that need with something that makes money will make the business grow and succeed. The difference between a profit and a non-profit business is that one aim for the business is to make money and an the opposite for the other Ownership of a business:
Forms of business ownership vary by jurisdiction, but several common forms exist: Sole proprietorship: A sole proprietorship is owned by one person and operates for profit. The owner may operate the business alone or employ other people. Stakeholders:
A key stakeholder is someone who can help your planning effort succeed or fail – the person who has information you need, or other important resources for solving the problem – access to money or legislative or regulatory “fixes.” Aldi:
Aldi is a franchise company in the private sector, it is a private limited company because it was founded by two brothers named, Karl and Theo Albrecht. It is a global company which means that is has more than one location worldwide. The purpose of Aldi is to supply high quality goods and offer an amazing service to their customers. The key stakeholders for this business are, customers, employees, suppliers and owners. The ownership of Aldi is Karl and Theo Albrecht, Theo Jr and Berthold Albrecht. Reference: http://en.wikipedia.org/wiki/Aldi
NHS is a national company which is owned by the government, it is a public limited company which means its government owned. This business is a non-profit business which means they do not aim to make a profit . Key stakeholders include:
The NHS is in the tertiary sector because it is a service.
Unit 1 Business Environment, Activity 1.2 P3-P4
This task will describe the organisational structure of the two chosen businesses and explaining why that structure helps the business to fulfil its needs.. Purpose:
The purpose of the business is to fulfil a need. Money comes after. So, Basically Money is secondary. You should focus on a need to succeed the business. Filling that need with something that makes money will make the business grow and succeed. Ownership organisational structure:
Organisational structure refers to the way in which workers are arranged in a business. A hierarchy is an organisation that is structured in layers. Those at the top of the hierarchy have more authority than those lower down. Strategic planning:
Strategic planning is an organisation's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. Aldi (ltd)
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