1. BUSINESS ENVIRONMENT Richard Docc- Hamilton College-

2. AC1.1: Identify the purposes of different types of organisation

3. There are broadly two types of legal entities: 1. Private Sector 2
There are broadly two types of legal entities: 1. Private Sector 2. Public Sector

4. Government run organisations at local, regional and national level
Public Sector:
Government run organisations at local, regional and national level
Some services are exclusively provided by public sector organisations
Most of the organisations charge minimal cost to the customers (Perry & Rainey, 1988)
E.g: Royal Mail, Govt Corporations, Govt Departments

5. Organisations are owned by individuals
Private Sector:
Organisations are owned by individuals
Firms operate to generate profit while providing services or selling goods
Individual owners reap the profit and income from the company
Most of the businesses operate to cater goods and services with better quality (Stacey, 2007)

6. Types of business organisation: Overview
Sole Trader
Partnership
Franchises
Co-operatives
Public sector
Public Limited Company (plc)
Private Limited Company (Ltd)

7. AC1.2: Describe the extent to which an organisation meets the objectives of different stakeholders

8. Organisation consists a variety of stakeholders who come with different needs and objectives
It is crucial for the firm to fulfil the needs and interests of its stakeholders (Carroll, 1991)

9. Stakeholders Investors: They provide the firm with capital
Investors are concerned with their return on investment, and risk associated with it
They take decisions about buying or selling their investments based on information
While they are invested in the firm, they need dividend from their investments (Daft, 2010)

10. Stakeholders Employees:
Employees are concerned with their job stability, which is related to the profitability of the firm
They are the driving power of the firm towards productivity
Employees are interested in compensation, retirement benefits, and opportunities at workplace

11. Stakeholders Lenders:
Lenders need confidence on the organisation to decide whether to further extend lending facility
They make use of the information to decide the viability of loan repayment and interest payment by the firm  

12. Stakeholders Suppliers and other trade creditors:
Integral part of the firm’s production and service delivery process
Need information which reflects the firm’s ability to repay trade credits
Decide on the performance of the firm whether to continue the relationship or not

13. Stakeholders Customers:
The primary objective of the firms is to cater to its customers efficiently
Based on the firm’s performance, they decide their loyalty

14. Stakeholders Governments and their agencies:
Decide the regulations (tax rates, interest rates, etc) which affect the operation of the firm
Need information about the activities of the firm
Examines the legal and regulatory compliance from time to time
Allocates resources to the organisation

15. Stakeholders
Public:
Organisations have a long reaching impact on every member of the society
Responsibility of the organisation to contribute towards community development causes
Performance of the firms decide the employment level in the society (Mitchell, Agle, & Wood, 1997)

16. AC1.3: Explain the responsibilities of an organisation and strategies employed to meet them
Employee Responsibility
Govt. Responsibility
Social Responsibility
Environment Responsibility

17. There are four major responsibility of an organisation which are handled by employment of proper strategies:
Employee Responsibility
Govt. Responsibility
Social Responsibility
Environment Responsibility (Leach, Stewart & Walsh, 1994)

18. Employee responsibility:
Develop abilities and competencies of employees
Human resource development
Build better relationship between the organisation and the employees
Govt. responsibility: 
Abide by the regulations, law and order
Honestly pay taxes and duties
Help the govt. in developing the economy and employment

19. Social responsibility:
Customer satisfaction
Social responsibilities (CSR)
Contribute towards developing the local communities
Environment responsibility
Take action towards reducing plastic usage, wastage, and harmful materials usage, etc.
Take responsibility to plant trees
Increase awareness about environment within and outside the firm (De Leede, Nijhof & Fisscher, 1999)

20. Thank You

21. Presented By: HND Assignment Help UK

22. References
Carroll, A. B The pyramid of corporate social responsibility: toward the moral management of organizational stakeholders. Business horizons, 34(4),
Daft, R. L  Organization theory and design. Stamford: Cengage learning.
De Leede, J., Nijhof, A. H., & Fisscher, O. A The myth of self-managing teams: a reflection on the allocation of responsibilities between individuals, teams and the organisation. Journal of Business Ethics, 21(2-3),
Leach, S., Stewart, J. D., & Walsh, K  The changing organisation and management of local government. London: Macmillan.
Mitchell, R. K., Agle, B. R., & Wood, D. J Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Academy of management review, 22(4),
Perry, J. L., & Rainey, H. G The public-private distinction in organization theory: A critique and research strategy. Academy of management review, 13(2),
Stacey, R. D  Strategic management and organisational dynamics: The challenge of complexity to ways of thinking about organisations. New Jersey: Pearson Education.