Business Environment

Business Environment

Business Environment

Task 01

Identify the organizational purposes

In the context of organizational panorama, business is a going concern. There are several purposes of organizations, for which they are made. These purposes are classified as under;

The sole proprietorship

The first type of organization focuses upon the sole ownership by one single owner. Usually this type is the most widely found type of businesses, it encompasses of small amount of receipts and comprise a small proportion of individual contribution to the national economy.

The partnership

Typically, it comprises of two or more people executing a business. It is relatively larger in scope than sole proprietorship, it has shared profits and losses, and it focuses on unlimited liability with personal gains. There are several forms of partnership comprising of few partners to a very large number of partners.

The corporation

It encompasses of a very large business entity with several shareholders. The corporation is based upon no single ownership or a group of owners, but rather, hundreds and thousands of owners. Corporations usually generate enormous revenues to the economy of the county.

Siemens and the objectives of Stakeholders

Siemens tries very hard to meet the objectives of stakeholders; it is because of the reason that the company has a core mission of serving the right customer and selling the product the right way. The development of cutting edge technology, as well as, the development of the strategic concept that deals with the excellence of services rendered to the customers is becoming able to achieve excellence in the field, as well as, lead the industry.

The result is the development of an electronic firm that gives outstanding products and services, as well as, makes enormous contribution to the economy. The success of the company is evident with the fact that it has a global presence in more than 190 countries, and therefore, makes huge revenues, as well as, economic development through working in each of the country.

Moreover, the company has spelled its success in the name of the stakeholders; it has shown a very high degree of social responsibility, loyalty towards the employee, the compliance of the legal requirements and so on

the evaluation of responsibilities towards stakeholders

In case of Siemens, the whole idea of the stakeholder's responsibilities has to do with the notion that there are certain domains that are to be considered; The focus

The focus of the business has to be towards the interest of the stakeholders. The company has to be loyal towards each and every individual, as well as, entity that is a part of the organization in a direct manner or otherwise.

The strategic accommodation

Another major evaluation could be done by looking at the strategic outlook of the company. The company focuses the planning and implementation process for the enhancement and fulfillment of stakeholders' interest. This helps the development of a sound relationship that is two-way, and therefore, the whole picture of the makeup of the current, as well as, future initiates is developed around the strategy of enhancement ...