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Different Types Of Organizations In UK

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Questions: 1:  Understand the Organisational Purposes of BusinessesQ1.1 Identify at least four different types of organisations that exist in the U.K.  Select two organisations those identified and describe them, for example, in terms of their legal structure;Guidelines:  Your answer should include the following:• A description of an organisation in general;• Identification of four different types of organisations in the U.K. This could include defining their legal structure;• Selection of two organisations from those identified and describe them, for example, in terms of their legal structure;• Identification of the purpose of your selected organisations.Q1.2. Select two different organisations of your choice and describe the extent to which these organisations meet the objectives of its stakeholders.Guidelines:  Your answer should include the following:• Select two organisations of your choice. • Describe the meaning of a stakeholder;• Identify the different stakeholders of your chosen organisation and its likely objectives;• Describe how your chosen organisations attempts to meet the objectives of its different stakeholders.Q1.3Explain the responsibilities of ONE of the organisations you selected in Q1.2.  In addition, explain the strategies employed to meet these responsibilities.Guidelines:  Your answer should include the following:• Identification of the various responsibilities organisations have to its stakeholders;• Explanation of your chosen organisation’s responsibilities to its stakeholders;• Explanation of how your chosen organisation meets these responsibilities.M1To achieve M1 you must evaluate the strategies employed to meet the responsibilities of the organisation. In your evaluation assess the advantages and disadvantages of these strategiesD1To achieve D1, use critical reflection to evaluate your answer to Q 1.3 and M1. In your reflection critically evaluate your chosen organisation’s responsibilities. Are the responsibilities achievable? Critically evaluate the strategies the chosen organisation is using; are they appropriate and sustainable? What challenges is it likely to encounter in its attempt to fulfil and mitigate these responsibilities?2:  Understand the Nature of the National Environment in which Businesses OperateQ2.1 Using countries of your choice explain how economic systems attempt to allocate resources effectively.Your answer should include:• An explanation of what is meant by an economic system and identification of the three main economic systems;• An explanation of scarcity and resources in the context of economic systems;• Selection of a country or countries of your choice, explanation of two economic systems in that country/those countries and how these economic systems attempt to allocate resources.Q2.2Using the UK as an example, assess the impact of fiscal and monetary policy on at least two businesses and their activities. In your answer, you should include the following:You are required to make a presentation using power points slides including:• A brief background of the UK economy, in terms of size, GDP, GNP, growth etc.• An explanation of fiscal and monetary policy in the UK;• Choose at least two organisations to use as examples to support and reinforce your answer;• Identify and explain how the UK’s fiscal and monetary policies could impact on your chosen business organisations and their activities in the UK.M2To achieve M2, you may conduct research into the factors that impact on the UK economy. Based on this research, assess the various factors that could impact on the nature of the UK economy. Identify the various sources of data which you have consulted to provide you with a better understanding of the UK economyD2Based on your answer for Q 2.2 write a memo to the managing director of one of the business selected in your Q 2.2 answer. Critically evaluate at least two economic indicators. In addition, critically evaluate the relationship between fiscal policies and monetary policies and assess the issues business organisations might experience as a consequenceQ 2.3 Evaluate the impact of competition policy and two other regulatory mechanisms on the activities of a selected organisation.Your answer should include the following: • A selection of an appropriate organisation;• An explanation of competition policy and how this could impact on your chosen organisation’s activities;• An evaluation of competition policy in terms of advantages and disadvantages, negative and positive impact on your chosen organisation; • Identification and explanation of two other regulatory mechanisms within the UK and an evaluation of these in the context of your chosen organisation. Evaluate the positive and any negative impact on your chosen organisation.Q3.1 Explain how market structures determine the pricing and output decisions of businesses in the UKYour answer should include the following:• A selection of  two businesses operating in two different industries the UK;• Explanation of market structures; this should include examples of at least two types of market structure;• Explanation of how market structures could determine the pricing and output decisions of your chosen businesses.Q 3.2  Illustrate how market forces shape organisational responses using at least two organisations as examples and at least 5 market forces.Your answer should include the following:• A selection of two organisations which you may have used previously in this paper;• A description of market forces with at least 5 market forces identified in the UK. One example of a market force is demand.• An illustration of the way in which your identified market forces impact on your chosen organisations and how the organisations attempt to respond to these market forces. At least 5 examples should be used for this question.Q3.3 You have been appointed as a Virgin Atlantic business executive in the UK. Write a report to the Directors, explaining how the business and cultural environment in the UK can shape the behaviour of this organisation.Your answer should include the following:• A background of Virgin Atlantic • A description of culture and an appreciation of its impact on the business ;• A description of business environment(political, legal, economic et) and its impact on the business;• An assessment of how Virgin Atlantic could adapt its business activities in response to cultural factors.M3Your report written to the directors should use a professional approach, with clear headings and a coherent and logical approachD3Critically evaluate the UK’s changing cultural composition assessing the implications for the UK businesses and the overall business environment.Your evaluation should identify and assess the positive and negative impacts the changing cultural composition has. What are your projections for the UK as a result of the cultural changes?4:  Be Able to Assess the Significance of the Global Factors that Shape National Business ActivitiesQ4.1 You are a young entrepreneur willing to expand your business abroad. Discussion on the significance of international trade to UK business organisations.Prepare this presentation using a format of your choice (if you use power point slides, take a screen shot of them and paste into your answer)Your answer should include the following:• Description of the meaning of international trade;• Discussion of the significance of international trade to a selected business organisation operating in the UK. Your discussion should include the positive as well as negative impact on local businesses.Q 4.2 Recently the globalisation debate is getting very tense. Analyse the impact of global factors on UK business organisationsYour answer should include the following:• A description or definition of globalisation;• Identification of two drivers to globalisation;• An analysis of at least two global factors which affect or could affect UK businesses.• The globalisation debate; the advantage and disadvantage support your answers with constructive argument Q 4.3 For an organisation or organisations of your choice, evaluate at least two European Union policies and explain the impact of these polices on your chosen organisation(s).Your answer should include the following;• A selection of an organisation or organisations;• A brief description of the purpose of the European Union;• An identification and description of at least two European Union policies;• An evaluation of how these policies impact upon your chosen organisation(s).  This evaluation can cover positive as well as negative impacts to your chosen organisation(s).     Answers: Introduction This study firmly focuses on analyzing the different types of organizations in UK. However, the study also describes the nature of national business in terms of operating throughout the world. Moreover, through analysis, analyst represents the understanding of organizational behavior from the point of view market environment. However, global factors that helps in shaping the national business at UK also explains here. 1.0 Understanding the organizational purposes of Businesses 1.1 Identification of various organizations An organization has an administration structure that establishes relationships among a variety of activities as well as associates and assigns roles and responsibilities to transmit various tasks (Crosby 2012). The four different types of organizations that are relevant to businesses in the UK are as follows: Sole trader: There is no legal difference between the proprietor as well as the business but the proprietor of the business uses trading name instead of his own. Partnership: There is a legal contract planed up for them in identifying the rights as well as responsibilities. There is no legal difference between the proprietor as well as business. Private limited company: The legal responsibilities of the companies are restricted to the resources invested (Arosa, Richie and Schuhmann 2014). The shares are not operated on the stock exchange. When the business goes ruin, then the owner is individually legally responsible for debts acquired. Public Limited Company: There should be two shareholders and directors and the shares are accessible to the community through the exchange of stock. There is a trading certificate to do the trading and borrow capital. Vodafone Group Plc is a public limited company and the purpose is to provide a wide range of services such as voice, message as well as data across the mobile and fixed networks. The board is accountable for the shareholders for conducting the business (Begg 2009).  The shares of the company are traded publicly on the market such as it is listed in the London Stock Exchange. Twitter is a social networking tool and its primary purpose is to network online. It is a media partnership company across the world and across the strategic verticals such as sports, news, music and television (Elegido 2014). The company pays business tax based on its revenue, but later the shareholders pay the tax on the identical profits during capital gain tax on the trading of their shares and income tax on their bonus.   1.2 Achieving the objectives of stakeholders The stakeholders of Vodafone are as follows: Customers: In terms of meeting customers objectives, Vodafone make new plans everyday such as decreasing price of call rate, special bonus scheme, lifetime validity, free caller tune, etc. Communicate with the customer via taking feedback through online as well as offline manner (Mercurio 2012).  In addition, the company pays more attention and listens with their customers. Employees: Vodafone treats all the employees equally and by offering benefits such as medical insurance, share plans they are able to meet their objectives. In addition, Vodafone monitor their employee’s performance through 360 degree monitoring method. Community: Vodafone works with different charities and welfare. For example, employees at Vodafone raised £940,000 for charity. In addition, Vodafone also allows 24hours paid leave to their employees for volunteering (Vodafone.co.uk 2015). The stakeholders of Twitter are as follows: Communities: Twitter uses website to support their departmental goals. The company launches campaigns on the websites to meet the objectives. Non-government organizations: Twitter meets regularly with the organizations in order to raise issues that concern how the business affects the economy and its required solutions. 1.3 Explanation of Responsibilities of Vodafone and Strategies employed to meet of its stakeholders There are several responsibilities played by the Vodafone such as – Government Responsibility: The Company always maintains their governmental rules as well as paid taxes on time. Vodafone is always aware about the order of government of UK and helps to build nation. Employee Responsibility: The senior management of the company always focuses on developing the human resource department as well as focus on improving the mental ability of the employee (Mercurio 2012). Clearly discuss about the conflicts in any situations between the organizations and employee. Social Responsibility: Always try to satisfy their customer via taking feedback and providing service according to the same. In terms of developing the local community, Vodafone makes lots of charity to the society. Environment Responsibility: The company uses only paper and more focuses on avoiding the usage of plastic (Mercurio 2012). Focus on plantation within the premises of Vodafone Company. In terms of meeting the responsibilities of their stakeholders, Vodafone maintain business ethics properly. Provide equal opportunities and diversity for their employees. Make charity for the social welfare. Figure 1: Strategies employed for meeting stakeholder responsibilities (Source: Hayibor 2013, pp- 386). 2.0 Understanding the scenery of the national situation in which business operate 2.1 Explanation of Economic systems that attempt in distributing resources An economic system is a set of regulations that a country involves in order to systematize its rights and allocation of economic resources (Sawyer 2004).  There are three types of economic system such as planed economy, mixed economy and market economy. The country is United Kingdom that operates on the varied economic system. In UK, the decisions are to be taken through the free market but at the same time, the administration maintains a least wage, policy and regulations for protecting the environment and also gives health facilities. It also operates on market economy where all the decisions are based on customer’s needs (Mearman and Plumridge 2012). The vital economic problem within society provides a process for allocating the resources and expenditure that are not able to meet the customer’s expectations given by limited resources. In the market economy, the government intervention is kept to a smallest amount while supply as well as demand has the capability to pay influence decision making. In planed economy, resources are planned centrally and the government controls the allocating of resources such as capital, labor etc. In the mixed economy, it consists of elements both private enterprises as well as interventions by the state.   2.2 Impact of fiscal and monetary policy on business The government concludes fiscal policies, as the sum of tax organization has to pay the administration. If they increase the level of tax, then the firms have fewer amounts to money to spend (Crosby 2012). If the government compels low taxes, then the firms desire to invest in numerous sectors. Monetary policy has a consequence on not only the trade organization, but also overall financial system. The long run average GDP growth is 2.5 percent. Due to decrease in the tax rate to 26 percent, it gives an impact on the yearend tax balances. The shareholder of Vodafone who is the individual resident of the UK tax purposes is entitled in order to calculate their liability to the UK income tax (Mercurio 2012). The tax-free allowances and all income earners are allowed in order to earn an amount of income before they start to pay the tax. As per the annual report of Vodafone, 45.9bn revenue achieves and its expansion is around 3.2 percent. It is because the government of UK expands the monitory policy by buying bonds to spend on the Vodafone services as well as the products are there for the demand of the customers are increased by 14.5 percent to 370.9 m. Monitory policy of UK gives an impact on Twitter to control its financial variables within an economy by interest rates. Fiscal policy attempts to control the level of economic activity throughout changing the taxation as well as administration spending (BBC News, 2015). Due to these policies, Twitter has strong economic growth but not inflationary growth. The government of UK makes various monetary as well as fiscal policies in order to control the economic business of Vodafone such as follows: Change in the rate of interest: Vodafone faces financing difficulties as the cost of capital increases while the customers reduce the level of consumption, which will reduce the sales volume of Vodafone. Change in exchange rate: If the rate of exchange changes, then it will have a vital effect on the business activities of Vodafone (Crosby 2012). If pound appreciates, then the business operations of Vodafone, which is operated in other countries, face problems while the sale of home country increases.
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