Understanding the relationship between businesses and the environment in which the businesses operate is very important in shaping how businesses behave. In your role as Business Development Manager, you will need to develop strategies that enable your organisation to meet its purposes in ways that comply with the relevant legal and regulatory frameworks. This would involve extensive research on the organisation’s purposes and the nature of the environment in which the business operates.
You need to prepare and present PowerPoint slides to your work colleagues identifying, describing and explaining the following:-
1.1 Identify the purposes of different types of organisations.
1.2 Describe the extent to which an organisation meets the objectives of different stakeholders
1.3 Explain five responsibilities of an organisation and the strategies used to meet them
2.1 Explain how economic systems attempt to allocate resources effectively
2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities
2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation
Purposes of different types of organizations: The purpose of organizations is to achieve their goal and objective for which the organization is built. There are various of types of organizations and they have different purposes as below
Extent to which an organization meets the objectives of different stakeholders:
The organization generally meets the objective of different stakeholders. The organization is planned and developed in such a way that the organization is able to meet its objective and goal. The objective and goal of the organization is the objectives of the stakeholders only. Thus the organization uses the resources and energy to achieve the goal and objective of the organization, which in terms helps in meeting the objective of the stakeholders of the organization.
The organization runs based on the list of objectives. These objectives are the functional objectives which will deliver the desired /targeted output from the organization. This target output from the organization delivers objective of the stakeholders. Thus generally an organization completely meets the objectives of their stakeholders. If the organization does not meet, then number of corrective and preventive actions will be initiated to ensure that organization achieves its goal and objective.
Five responsibilities of an organization and the strategies used to meet them :
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