Assignment
TASK 1
Using working example or the case the study indentify the purposes of different types of organisation.
What is an Organisation
An organisation is: 'a social arrangement which pursues collective goals, which controls its own Performance and which has a boundary separating it from its environment'. * Here are some examples of organisations. * A multinational car manufacturer (e.g. Ford) * A local authority * An accountancy firm (e.g. Ernst and Young) * A trade union (e.g. Unison) * A charity (e.g. Oxfam) * An army
What are the Purposes of Different Type of Organisation?
There are some common purposes of different organisations in the field of business which can be explained and described as under; * Manufacturing and Selling * Purchase and Sale * Retail Stores * Departmental Stores * Services such as banks and insurance, auto garage, etc * Oil and mineral extraction * Fishing industry * Live stock farming * Agro based
Using an example of your choice illustrate how an organisation meets the objectives of different stakeholders.
Organizations exist because of their ability to create valued goods and services and which yield acceptable outcomes for various groups of stakeholders, people who have an interest, claim, or stake in the organization, in what it does, and in how well it performs.
Aims and objectives establish where the business would like to be in the future, helping to control their plans, motivate staff and give everyone a sense of direction. Any decision made within the organisation should be in line with their aims and objectives. The objectives are influence by various stakeholders, as well as the nature of the business.
Importance of Objectives: Sense of direction
Purpose and unity within the organisation
Foundation for decision-making
Encourage strategic thinking
Basis for measuring and controlling performance
Different stakeholder groups will
Using working example or the case the study indentify the purposes of different types of organisation.
What is an Organisation
An organisation is: 'a social arrangement which pursues collective goals, which controls its own Performance and which has a boundary separating it from its environment'. * Here are some examples of organisations. * A multinational car manufacturer (e.g. Ford) * A local authority * An accountancy firm (e.g. Ernst and Young) * A trade union (e.g. Unison) * A charity (e.g. Oxfam) * An army
What are the Purposes of Different Type of Organisation?
There are some common purposes of different organisations in the field of business which can be explained and described as under; * Manufacturing and Selling * Purchase and Sale * Retail Stores * Departmental Stores * Services such as banks and insurance, auto garage, etc * Oil and mineral extraction * Fishing industry * Live stock farming * Agro based
Using an example of your choice illustrate how an organisation meets the objectives of different stakeholders.
Organizations exist because of their ability to create valued goods and services and which yield acceptable outcomes for various groups of stakeholders, people who have an interest, claim, or stake in the organization, in what it does, and in how well it performs.
Aims and objectives establish where the business would like to be in the future, helping to control their plans, motivate staff and give everyone a sense of direction. Any decision made within the organisation should be in line with their aims and objectives. The objectives are influence by various stakeholders, as well as the nature of the business.
Importance of Objectives: Sense of direction
Purpose and unity within the organisation
Foundation for decision-making
Encourage strategic thinking
Basis for measuring and controlling performance
Different stakeholder groups will