StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Purpose and Function of Business - PowerPoint Presentation Example

Comments (0) Cite this document
Summary
In the boxes below explain in about 200 words what are, how they can be categorised and the ways in which international businesses deal with each type. Select an international business, and list three different internal and external stakeholders. Comment on the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.1% of users find it useful
The Purpose and Function of Business
Read TextPreview

Extract of sample "The Purpose and Function of Business"

Download file to see previous pages Categorically stakeholders can be classified into internal, external, primary and secondary. Internal stakeholders are members of the organisation like owners, management and employees contrary to that the outside organisations and individuals constitute external stakeholders. Primary stakeholders are highly critical as they have a direct impact on the business owing to their authority, power and resources. Secondary stakeholders are not involved in core business activities and indirectly affect the business outcomes.
1. Investors: Investors are highly crucial to kick starting a business. Being a clothing brand HnM’s investors offer the financial support needed to create quality products, promote them affectively as well as exhibit them in an efficient manner with easy access to the target market.
1. Suppliers: HnM’s suppliers follow the code of conduct as well as prevailing laws to provide high quality raw materials to HnM’s factories where the workers work diligently to produce high standard and fashionable garments for kids and adults alike.
Stakeholder and organisation’s relationship is mutually beneficial. Stakeholders put their resources at a risk for the organisation’s success hence they have high stakes in the business activities. The type of stake depends upon the nature of business activity where the risk has been invested. The stake is not always financial in fact recognition of contribution or a share in the ownership also attribute stakeholder gains.
Both primary and secondary stakeholders are important however the intensity of their impact varies. The existence of a business depends mainly on the activities and opinions of the former. Owing to the reciprocity of this relationship businesses today are paying high attention to maximising their positive impact on stakeholders and lowering the negative ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Purpose and Function of Business PowerPoint Presentation - 1”, n.d.)
Retrieved from https://studentshare.org/business/1680784-the-purpose-and-function-of-business
(The Purpose and Function of Business PowerPoint Presentation - 1)
https://studentshare.org/business/1680784-the-purpose-and-function-of-business.
“The Purpose and Function of Business PowerPoint Presentation - 1”, n.d. https://studentshare.org/business/1680784-the-purpose-and-function-of-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Purpose and Function of Business

Purpose

Disadvantages, in this case, refer to the problems that may be caused when the goods are consumed. The main purpose of Hazard communication is to ensure that the existing dangers or hazards of all the chemicals produced locally or imported are evaluated properly, and thus any information concerning their dangers are revealed or transmitted to the employees and the employers, as well. The transmittal is always accomplished by means of effective and comprehensive hazard programs. The programs include container labeling, material safety data sheets, as well as, employee training. Problem Definition Safety dangers or hazards related to physical features and characteristics can be easily and objectively defined with the use of testing...
15 Pages(3750 words)Essay

Management Function and Organising Function

... Taylor, such goals would center on the recovery of the community so the opportunity for business is still present in the foreseeable future as well as the restoration of lost assets. Cross functional teams would support the development and progression of these goals as time progress. Having the right personnel in these teams will minimize error in decision making hence costs, again essential following Tropical Telecom’s revenue loss. Environmental factors are also critical at this point in time and should equally be put in great consideration (Gummesson 2002). Environmental factors comprise the physical, economic, social and cultural conditions of Haiti. These considerations would be instrumental in decision making with regards to pricing...
6 Pages(1500 words)Essay

The Biblical Purpose of Business

... in order to give wisdom, competence, creativity as well as compassion for their involvement in business since the people tend to fulfill the redemption purpose of God. In the absence of the solid theology, the Christians in business do not have a proper sense of purpose and a comprehension of the spiritual environment in which they tend to function. When the way of doing business lacks moral, then its sole objective of attaining the organizational goals might be eradicated and hence the focus is generally upon the accomplishment of the personal goals. Therefore, it is quite significant to inculcate theology with the help of which the business man will be competent of operating morally and thus will also be capable of conducting business...
6 Pages(1500 words)Literature review

Business Function Assignment

... plan that is well devised to address the interests of all stakeholders is arguably the most critical aspect of business planning. In summary, the main stakeholders relevant to Monsanto's attempt to introduce GM products to Europe are special interest groups, particularly environmentalists, European consumers, European governmental officials and regulators, and Monsanto itself along with its employees and shareholders. Each of these stakeholders has unique interests in the outcome of this process. Nevertheless, all of these unique interests are intertwined to some extent, as the interests of one stakeholder influence those of the others. Ultimately, Monsanto must identify all of these stakeholders and interests, understand how...
8 Pages(2000 words)Essay

Business Function Integration Paper

Business Function Integration Paper Separate functional areas in a large organization are easily identifiable. This is because most of the business functions are divided into many departments that help run the large organization. These departments perform functions by people working together to attain the organization’s main objectives. These departments are managed by the different department heads that report to the main head appointed by the stakeholders of the organization. It is through such division that an organization can realise some of its weak, or strong points (Alexis 46). This paper will review how functional areas in an organization integrate to drive firm performance.
How functional areas drives firm performance...
2 Pages(500 words)Assignment

Compare the significance, ritual use, or cultural function or purpose

... Ijele and Nkisi Ijele is masquerade of the Igbo ppeple or communities in Anambra Nigeria. The significance of injele is that it honors the dead, and also ensures continuity of the community. Nkisi, on the other hand is a striking sculpture by the Congolese people. Its significance is that it acts as a container of spiritual forces intended to investigate the primary grounds of a given chronic problem. Both Ijele and Nkisi are similar in that they serve spiritual purposes whereby ijele marks solemn and festive occasions while nkisi contains spiritual forces. However, the two are also different from the structure, in which ijele is huge with a diameter of 183 cm and height of 366 cm, and also it is colorful and a form of entertainment...
1 Pages(250 words)Essay

The Purpose and Function of Writing

... What is the purpose and function of writing? What is the purpose and function of writing? Introduction Writing is a method/a way of communication where concept and ideas are passed to other people. Writing employs language signs and inscription to pass the intended message to the readers/audience. Some writers such as Samuel Johnson asserted that no man but a blockhead ever wrote except for money means that he dint like writing. His statement meant that writing was a less important. He viewed it as a way of benefiting members of the public rather than an individual. Johnson liked passing ideas via speaking rather writing. Further, Johnson statement indicates that he viewed many writers who...
5 Pages(1250 words)Essay

The Purpose of Business Plan

As with any business, the overarching objective of ABC Immigration is to provide a wide and diverse array of legal and counseling services that will serve the client base with the peculiar needs that any and all immigration-related questions and concerns would likely generate. Furthermore, the eventual goal will be to become something of a market leader within the geographic region with regards to immigration issues.
Profit: As with any firm, the primary motivator is to provide a profit to the shareholders by a means of sufficient growth and development of the firm and the services that are offered. In this way, the profit objective fits in with the following objectives as the ultimate end towards which the others work.
Gr...
13 Pages(3250 words)Term Paper

Purpose and Function of Newspeak

... Purpose and Function of Newspeak Introduction Newspeak as a language, refers to the fictional, but official language that was widely used by the Oceania, and was considered as a controlled language that the totalitarian state had created with the aim of limiting the freedom of thought among its subjects. This language was initially created by George Orwell, who believed that political and economic causes were the result of the decline in use of a language. As such, he created the language with the presumption that, countries such as Soviet Union (Germany) had had their languages deteriorated as a result of the dictatorial regimes they had been subjected (Conley & Stephen 135-145). This shows that the language is widely used in Europe...
6 Pages(1500 words)Research Paper

The Purpose of International Business

...The Purpose and Function of Business AFFILIATION: 1 The basic purposes of business. Show your understanding of the economic problem, factors of production, entrepreneurship and opportunity cost. Give three examples of the features of business. The purpose of International business is basically to solve the economic issues of the country. Businesses are regarded as economic activities that are operating to cater the needs of individuals which in turn are of benefit to both the individual and the business. Human beings have some needs and wants and through the manufacturing and distribution of the goods and services, these needs and wants are fulfilled by the business. Running businesses also gives the citizens to be employed and earn...
8 Pages(2000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another PowerPoint Presentation on topic The Purpose and Function of Business for FREE!

Contact Us