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Evaluating Business Objectives

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Business objectives are suitable for an organisation to achieve their goals to maintain their business. The business objectives need to be finish in time to order to achive their goals.

The goals that in every company they are doing. A business planner creates business plans to achieves their goals.Planner create rules to achieve business specific objectives.business statement' to set out the purpose for the organization.

Tate & Lyle is committed to providing profit to their shareholders. Tate & Lyle's strategy is to build a stronger value added business.

Rahmat Ali Ansari,

WLCB/HNDBM/0190409

Unit: 4

BTEC HND (Business and management)

Pages: 2

Tate & Lyle's objectives are business interest, customer satisfaction, cutting carbon emension, profit to shareholders and reducing waste of raw matrail etc.

Tate & Lyle's headquartered is in the UK and company is currently operating more than 45 production facilities in the Americas, Europe and South East Asia. Tate &Lyle is meeting their objectives by. Food and industrial units, Food & Industrial Ingredients units and Sugars.

Task one

Question:

b). what do you consider to be stakeholder's main objectives? Do you think these objectives are met by Tate and Lyle's activities?

Answer:

Stakeholder's main objectives:

Stakeholder's main objectives are business, profitably, accessable, Financial good Performance, in business. Stakeholder main objectives are the best way of setting managing project scope in any business.

Stakeholders main objectives highlighted in the way of maintain stakeholder profit and keep their interest focused and on track. Stakeholder's identifying their cost and profit.

Tate & Lyle is achiving their goals by their business prcoess annual report we analyze that Tate & Lyle is meeting all these objectives,

Rahmat Ali Ansari,

WLCB/HNDBM/0190409

Unit: 4

BTEC HND (Business and management)

Pages: 3

Tate & Lyle has adjusted profit before tax down 2% at £247 million. They have operating profit from core value added food ingredients £107 million by Tate & Lyle's

Management control the capital on expenditure. Tate & Lyle has earning after-tax amount and they distributed to their shareholders generally in a cash payment. Tate & Lyle currently pays dividends twice a year for the six months to September, and next pays in August.

Question:

c). what responsibilities does an organization have towards its stakeholders? Do Tate and Lyle carry these out?

Answer:

Organization has a direct behaviour impact on its stakeholders namely suppliers, customers, work colleagues, and consumers of its goods and services. It has impacts on repeuit of organizations.

Therefore it is important for an organization to recognize its responsibilities to its stakeholders, suppliers, customers, and staff and address the way of impacts on physical environment. Their understanding on the waysof their activities affect the local community.

Tate and Lyle aim is to focus these four responsibilities to achieve their strategic vision and reward their stakeholders, shareholders and to apply these responsibilities to achieving the highest standards of safety, and a responsible approach to the environment and continuously improving their relationships with employees, suppliers and stakeholders. Tate & Lyle commitment to this is demonstrated through active management, and its mention high level administrational staff.

Rahmat Ali Ansari,

WLCB/HNDBM/0190409

Unit: 4

BTEC HND (Business and management)

Pages: 4

Task two

Question:

Examine the impact of social welfare and industrial policy initiatives on UK business and the public sector.

Answer:

Impact of social welfare on Business:

Social impact or social welfare behavior are having impact on UK business, on Neighbors, Employing and on local communities as well. It is a good approach to recruiting and developing staff form local people and business can be into the community and improve business reputation. Purchasing from local suppliers can also impact and give similar benefits.

To become more sustainable business should consider the social impact of the products and service. These may face growing customer resistance or regulation if they have made polices against social impact. Businesses also consider the effects through the supply chain. The suppliers if they use, and the deals they negotiate with them, have a knock-on effect on their communities both in the UK and overseas.

For example, by supporting a local charity or giving staff time off to work on local initiatives.This can deliver business benefits as well as helping the community.

For example, you might choose to import only from suppliers who are blonging near to your business ares.

Rahmat Ali Ansari,

WLCB/HNDBM/0190409

Unit: 4

BTEC HND (Business and management)

Pages: 5

Impact of industrial policy on business.

Industrial polices also very huge impact on business and public sector as well. Because industries are impacting locally and if something happened with business then people welfare is also affecting.

In UK's Parliament they passed Bill and this bill is set against a background of economic difficulty with the UK currently in a recession, with falling employment and falling output in the manufacturing sector in particular. GDP fell by 1.5% in the fourth quarter of 2008, the Government has announced further support packages for business since the start of 2009. On 14 January the Enterprise Finance Guarantee Scheme, the Working Capital Guarantee Scheme and the Capital for Enterprise Fund were announced. Assistance for the automotive industry, hit by a rapid decline in new car sales, was announced on 27 January.

"The Government has come under pressure to introduce further measures to support industry and manufacturing.In terms of particular companies, it has been reported that GM Europe are seeking state aid from the UK and Germany."

(The Industry and Exports Bill was introduced on 4 March 2009)

Task two

Question:

What has been the impact of global economic change and government macro-economic policy on business and society ?(use the scenario in your illustration)

Rahmat Ali Ansari,

WLCB/HNDBM/0190409

Unit: 4

BTEC HND (Business and management)

Pages: 6

Answer:

Impact of global economic:

The impact of global economic changes has a significant impact on the strategy of business. No matter business is operating during a weak, strong, or recessionary economy. The more important to understand that business environment during a recession; which is a time when buyer power is stronger than ever. Small business are not effect the current global economic credit crunch, but most large and mid-size business owners did not seeing these conditions. The strategic business plans that were written in a different economic climate are not working in this time of recessionary economy period.

Business strategies need to be quickly developed applicable. And in recession providing efforts are focused on recession marketing strategy planning.

Government macro-economic policy

Government macro-economic policy, this is a branch of economics, economic activity at the higher level. Microeconomics focuses more on the behaviour of individual units in the economy.

Investment

Investnment in business is the medium to buy goods for business. It is part of liquidity. coins, paper money and certain checking accounts that can be readily exchanged.

Monetary policy

Monetary policy is one part of macroeconomics. Monetary policy deals with actions taken by the Government, the money supply or both. The goal of monetary policy is to control the economy to reduce the money supply will theoretically lower inflation. On the other hand, if it is desired to raise interest rates the money supply can be increased by a sale of bonds which will also lower bond prices

Rahmat Ali Ansari,

WLCB/HNDBM/0190409

Unit: 4

BTEC HND (Business and management)

Pages: 7

Task two

Question:

What kind of economic system exists in UK? Do you think the government allocates and makes efficient use of resources?

Answer:

Market Economies

UK economy is market economy, is also called mixed economy. All decisions made by investor or made by market. Supermarkets have monopoly to control economy. Main thing are prices and customer offerdability is telling about price.

However, some time government is also participating or mention product price to control thing in public benefit. Like school, construction, Hospital road on behalf of society decisions about military spending, and public education.

Task two

Question:

When looking at investment, products and services, training and location does the government fit into this system? (use the scenario in your answer)