About the company–Sainsbury PLC started its operation in the year 1869.It is a well-established grocery chain and has many super markets. It has also ventured in the banking business and the property sectors.
Ioan Daniel Puie Business Environment
TASK 1: Understanding the organisational purposes of businesses
Organizations are of different types categorized according their purpose of creation, their goals and objectives, and their interests. Some organizations are created to earn profit, some are built to support mankind in form of jobs, and some are non-profit organizations who work for some good cause (Eric Feigenbaum, 2014)
All companies have a well-defined purpose, a mission and vision. (YSC)
1.1 An explanation of the organisational purpose of the following companies
Virgin Group LTD
British multinational branded venture capital founded by entrepreneur Richard Branson in 1970 in UK. Virgin group basically is into travel, entertainment and lifestyle products. It has also ventured in transport, health care, food, drinks and mobile services. (Virgin Group Limited, 2014)
Ioan Daniel Puie Business Environment
Purpose
- To raise the capital through the issuance of shares not exceeding 50 shareholders.
- To operate the business in such a way so that none can take over the company easily.
- forbidding the shareholders to public trade their shares to others by imposing restrictions and legal regulations for the shareholders (Understand The Organizational Purposes Of Businesses Commerce Essay)
MC Donald’s
About the company – McDonald’s is one of the world’s largest chains of Hamburger’s fast food chain. This company has a large global presence. The McDonalds have its headquarters in the United States. It was started in the year 1940 by Richard and Maurice McDonald; in 1948 the business started using the principles of production lines and was recognised as a hamburger business.
Purpose
- Giving opportunity to the local business to take the franchisee of the company. Here, MC Donald’s get commissions and does not take any risk from the local market. The purpose of the franchising is to minimize the risk and the cost of being global
- Maintaining profitability for all its shareholders (Mc Donalds, 2010)
Sainsbury plc
About the company–Sainsbury PLC started its operation in the year 1869.It is a well-established grocery chain and has many super markets. It has also ventured in the banking business and the property sectors.
Purpose
- They aim to become trusted retailing outlet and a customer preferable shopping outlet and a place where employees love to work
- They work with a strategy to grow
- Being a public limited company its purpose is to raise a lot of capital in the capital market sharing its profit amongst the shareholders (J Sainsbury plc, 2014)
National Health services (NHS) England