LO1: 1.1
Different types of organisation
Legal structure; Type Purposes Primary , secondary , Tertiary
Private company Growth , customer satisfaction Primary objective
Public Company (sales , service level) Shares , customer satisfaction ,profits , ROCE Primary Objective
Government Growth , Profits , Corporate responsibility Primary Objective , Secondary
Voluntary charitable (non-profit) Customer Satisfaction , Values , Profits Secondary Objective
Co-Operative (franchise) Market , Profits , ROCE Primary Objective
The legal structure; Private company, Public company, government, voluntary, organisation, Co-operative, charitable. These sectors are all so known as (Primary, Secondary, and Tertiary) there purposes i.e. mission and aims the company are to have a objectives, goals what are their values, profits , markets share , growth , return and there capital employed (ROCE) meaning of (ROCE) in business term R is for return O is on C is capital E is for employed this is best use as finance term strong financial position the important of a measure of company’s probability and to shows how well the business is utilising its capital to generate equity means for shareholders funds. Sales, service level, customer satisfaction, corporate responsibility, ethical issues
1.2 The objectives of stakeholders is to have a power-influence over a company and to put in place the future contort of their plans ,with no conflict of expectations as well to motivate staff and give everyone a sense of direction . There aims are to work in line with their aims and objectives as well as the nature of the business this is an effective activity of any business these are the stakeholders (ANSOFF objectives). Ansoff states that there are many different levels of management objective:
Primary Objective: Financial, secondary objective: Non-financial- these develop are a result of interaction between management and stakeholder. Influences on management...