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Business Environment - Essay Example

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BUSINESS ENVIRONMENT Name: Date: A healthy business environment requires an efficient organizational structure, that is, healthy current leadership and management, effective planning, excellent service and product expansion, and well-organized financial and marketing strategies (McNamara 1999)…
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Download file to see previous pages These elements may include leadership and management, clientele, technological factors, rules and regulations of a government, competition, financial planning. In addition, marketing strategies, demand and supply within the area of business, the economic inclinations are other factors that influence the business environment (McNamara 1999). Therefore, the is a distinction in both the purpose and objectives of different types of organizations within any business environment. This determines whether the organization is profit or nonprofit based (McNamara 1999). Profit organizations have the sole purpose of generating profits, such that the amount of money the organization is taking out should be less than the amount of money the organization is taking in (McNamara 1999). In addition, the organization leaders or owners may opt to hold s larger portion of the returns after deducting all the expenses such as salaries and benefits to employees, bills, among others (McNamara 1999). Additionally, in the profit organizations, the management may choose to cut back on running costs in order to maximize profits. For example, the organization may choose to cut back on personnel in case the management feels that they do not require as much personal or in case they want to incorporate more technological advancements (McNamara 1999). In general, the management has the overall decision making capacity and formulate plans that enable the organization maximize on its returns as it acquires its market share within the economic sector. As a result, marketing strategies become vital for profit organizations as its main goal is to maximize its returns through reaching to a larger clientele (McNamara 1999). Examples of profit organization include Coca Cola, Microsoft, Apple, Samsung, among others. On the other hand, the sole purpose of nonprofit organizations is to benefit the society. They are mostly created for specific tasks such as religious, educational, or charitable (Carter 2008). For the sole purpose of nonprofit organizations is to serve the community, they operate under strict rules and regulations that ban the owners of the organization from taking the profits for their own gain. This means that, nonprofit organizations have laws that allow them to operate some business activities although the proceeds obtained are to benefit the community (McNamara 1999). Therefore, the profits obtained from the business activities is recirculates into the organization in order for it to achieve its mission and objectives for the community (Carter 2008). Therefore, nonprofit organizations not only run some business activities but they obtain their funding from donations from the public or grants from other organizations. The examples of nonprofit organizations include research institutes, foundations, public schools, public universities, museums, public hospitals, professional associations, among others (Justia 2013). Typical real world examples include Red Cross, UN, (Justia 2013). Any organization, whether profit or nonprofit formulated objectives and missions targeting a particular group or clientele. Therefore, any organization has responsibilities to reach their targets. For instance, in case the organization is profit based, then its responsibilities will vary from making sure of the ...Download file to see next pages Read More
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