Task 1 2
1.1 Identify the purpose of different types of organisation 2
1.2 Describe the extent to which an organisation meets the objective of different stakeholders 2
1.3 Explain the responsibility of an BT organisation and strategies employed to meet them 4
Task 2 4
2.1 Explain how economic systems attempt to allocate resources effectively 4
Planned Economy 4
Market Economy 5
2.2. Assess the impact of fiscal and monetary policy as it relates to business and their activities 5
2.3. Evaluate the impact of competition policy and other regulatory mechanisms in UK on the activities of BAA 6
3.1 Explain how market structure ...view middle of the document...
The purpose of sole proprietorship is to achieve its sole trading objectives and increase, the owner profit and wealth.
Partnership firm: In this firm minimum two partners are required and maximum limit is of 50 partners. The partnership firm main purpose is to raise the income and wealth of partners by attains their business goals according to the rules and regulation mention in the partnership deed.
Government Company: This Company is registered and formed with government funding. Its main purpose is to give service to common public of the country.
Public Limited Company: This Company is big MNC groups they open their share issues in open public. The public invests money in such companies to gain profits from their share. The main purpose of a company is providing better public services and a better environment in the future.
Private Limited Company: This Company is registered in PVT LTD, as here shares are divided by a certain group of directors who runs the unit. In these directors wealth and incomes should be increase is the prime purpose of doing business with certain business activities.
Write a Report to BOD of BT
Board of Directors
The below mention report declares that how the organisational objectives are meet by different stakeholders, and how this stakeholder take their responsibilities and duties in meeting their organisational objectives.
1.2 Describe the extent to which an organisation meets the objective of different stakeholders
The BT has distributed their stakeholder in two parts internal stakeholders and external stakeholders. The BT is one of the leading communications Company in the UK and it meets the objective of different stakeholders according to its vision, mission and code of conduct mention in company incorporation.
BT needs support from shareholders to invest their funds in the business, in return BT will provide them profits on the basis of shares. The BT aims to become more efficient in reducing energy usage in various ways, so that it can increase their shareholders profit by 25% and grow their business to maximise the wealth of shareholders. (BT, 2012)
BT hires the committed workforce in business so its business objectives are achieved. In return BT look after their employees through work and life balance, rewards and recognition, good career prospects and flexible work arrangement. BT also uses apprentices framework and a motivational framework to boost their employees to meet the company demand. (Annual Report BT, 2014)
“BT must comply with rules and regulations set by the governments and industry regulators in the countries in which it operates. These stakeholders directly affect BT in several ways.” (External stakeholders BT, 2013)
BT ensures their customer good and best services by continuous improvement in their new functioning area. The company introduces family...