Understand the organisational purposes of businessesCategories of organisation: legal structure;… 1 answer below »

Understand the organisational purposes of businessesCategories of organisation: legal structure; type eg private company, public company,government, voluntary organisation, co-operative, charitable; sector (primary, secondarytertiary)Purposes: mission; vision; aims; objectives; goals; values; profits; market share; growth;return on capital employed (ROCE); sales; service level; customer satisfaction; corporateresponsibility; ethical issuesStakeholders: owners; customers; suppliers; employees; debtors; creditors; financialinstitutions (banks, mortgage lenders, credit factors); environmental groups; governmentagencies (central government, local authorities); trade unionsResponsibilities of organisations: stakeholder interests; conflict of expectations; powerinfluencematrix; satisfying stakeholder objectives; legal responsibilities eg consumerlegislation, employee legislation, equal opportunities and anti-discriminatory legislation,environmental legislation, health and safety legislation; ethical issues eg environment, fairtrade, global warming, charter compliance eg Banking Code2

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