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485 Business and Business EnvironmentIntroduction I will work on the criteria of the article in this assigment, such as clarifying the various forms, sizes and scopes of organizations and explaining the interrelationship of various roles in an organization. And how the organizational structure is connected to them. I will clarify each issue of the post request and at the s me time apply to Suntory PepsiCo, the company I choose, to explain the request and clarify the content needed by the subject. 2. Theories 2.1 Type of legal structures •Limited liability to a single member: owned by an entity or person, the owner is responsible for all the products in the business (Lawkey, 2020). More money can be contributed through diversified ways of capital raising, such as issuing bonds, borrowing from domestic and international organizations or individuals or shareholders. It is not permissible to issue shares through this model. •Multimember limited liability : are established from members can be individuals or organizations (not more than 50 members), members are responsible for all matters in the company (Lawkey, 2020). Ways to increase capital such as admitting more members, raising capital from members in the organization, borrowing credit from individuals or organizations and issuing bonds. This model is not allowed to issue shares.....
ASSIGNMENT FRONT SHEET Qualification BTEC Level HND Diploma in Business Unit number and title Unit 1: Business and Business Environment Submission date DateReceived1stsubmission Re-submissionDate DateReceived2ndsubmission Student Name Student ID Class Assessor name Student declaration I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism I understand that making a false declaration is a form of malpractice Student’s signature P1 P2 P3 M1 M2 D1 Grading grid r Summative Feedback:r R esubmission Feedback: 2.1 2.2 Gr ade: A ssessorSigna ture: Int ernalV erifier’sC omments: Signatur e&Date: 2.3 Date: Table Introduction Theories 2.1 Type of legal structures .5 2.2 Economic sectors 2.3 Size of organization .6 2.4 Vision , mission , Objectives 2.5 Stakeholders and their interests 2.6 Economics, Microeconomics, Macroeconomics 2.7 Scarcity , opportunity cost , and choices 10 2.8 Demand and supply theory 12 2.9 Roles of departments 13 2.10 Market structures 14 2.11 Organizational Structures 15 3.Application 3.1 General information 16 3.2 Size and scope of the organization 17 3.3 Vision, mission and objectives 18 3.4 Market structure 18 3.5 Organization structure 19 3.6 Self-evaluations 19 References 21 Introduction I will work on the criteria of the article in this assigment, such as clarifying the various forms, sizes and scopes of organizations and explaining the interrelationship of various roles in an organization And how the organizational structure is connected to them I will clarify each issue of the post request and at the s me time apply to Suntory PepsiCo, the company I choose, to explain the request and clarify the content needed by the subject Theories 2.1 Type of legal structures • Limited liability to a single member: owned by an entity or person, the owner is responsible for all the products in the business (Lawkey, 2020) More money can be contributed through diversified ways of capital raising, such as issuing bonds, borrowing from domestic and international organizations or individuals or shareholders It is not permissible to issue shares through this model • Multi-member limited liability : are established from members can be individuals or organizations (not more than 50 members), members are responsible for all matters in the company (Lawkey, 2020) Ways to increase capital such as admitting more members, raising capital from members in the organization, borrowing credit from individuals or organizations and issuing bonds This model is not allowed to issue shares • Partnership : are business enterprises owned by two or more parties The relationship between the parties is governed by a deed of partnership that defines the scope and structure of the partnership (Lawkey, 2020) The deed of the partnership will also specify the responsibilities of the partners, how the profits are to be distributed, the investment obligations of each partner and the sharing of losses It is not permissible to issue shares through this model • Joint stock company: is an enterprise in which equal parts of charter capital called shares are paid, organizations or individuals can be shareholders (Lawkey, 2020) In the amount of money contributed to the company , shareholders are liable for all company problems Shareholders can pass their shares to other people freely Raise capital by borrowing cash, issuing stocks or bonds from domestic and foreign organizations and individuals It is permitted to issue shares in this model • Sole trader or private company: it is a company owned by a person and is solely responsible for all business operations with all its assets (Lawkey, 2020) Only one private company is permitted to be set up by each individual The head of a business household or a member of a partnership can not simultaneously be the owner of a private company Mobilize capital from individual property development It is not permissible to issue shares through this model • Joint venture: is a form of relatively high-level economic cooperation, carried out on the basis of voluntary capital investment by all parties, in order to set up companies that jointly create , manage and divide profits according to the methodology You accept Lifting money from the investments of the parties concerned It is not permissible to issue shares through this model (Lawkey, 2020) • Franchising: is a contractual practice whereby the franchisor enables the franchisee to buy and sell products or provide services on its own, and wants the franchisee to so There is no source of funding and there are no shares allowed (Lawkey, 2020) Comparing the business organization model in Vietnam with the UK, it can be seen that the business organization structure is similar to the way of establishment and owner of a business or how to raise capital and Issuing shares and bonds all have similarities But there are still a few differences that exist in the UK that there are many types of business models that Vietnam does not have, as well as the management or operation of each different organizational model in Vietnam still has some limitations 2.2 Economic sectors The economic market comprises three industries: the primary , secondary and tertiary industries First, the mining sector, such as resource production, mining, agriculture , fishing, etc., is the main sector (Tejvan, 1976) For example, raw materials get wool or electronics from wind energy Secondly, the secondary sector distributes the finished goods For example, automobile production in manufacturing, building houses / factories in construction, supplying goods such as gas and electricity in utilities Finally, the tertiary sector includes retail, marriage services, insurance, investment, hotels, media, IT, transportation, etc The service sector is concerned with the intangible aspect of providing services to consumers and businesses For example, luxury services such as tourism, hotels or restaurants 2.3 Size of organization Based on distinct sizes and scopes, companies can differ, which makes sense from a market viewpoint There are at least four basic types of organizations which take into account dimensions of scale, such as micro-enterprises, small and medium-sized enterprises, transnational enterprises and global enterprises with varying industrial reach (Mullins, 2014) Their own A very small-sized business unit is Microenterprise Compared to the rest, these groups of firms have the lowest number of employees and sales For example, since it has less than 10 employees and a smaller sales range and customer base, a single trader is a micro-business Medium-sized firms with average sales and consumer ratios are small and medium-sized enterprises The number of staff varies from 200 to 300 here to generate demand and optimize profits, concentrating on moderate consumer levels In several nations, transnational sector is a company of multinational activities (Brown, 2013) For expanded overseas activities, this type of sector has a higher level of hiring With the highest level of personnel and sales, along with sustainability and client base, the multinational organization works widely in virtually every country in the world 2.4 Vision , mission , Objectives Vision For any point in the future, the vision of an entity is what it needs to be recognized (5-10 + years) There is no requirement for Vision to be a lengthy paper (Jackson, 1956) They just need a clear declaration that explains the future To so, it only takes one line, and if you wish to add a short paragraph to clarify or justify the vision argument, that's fine; but it must be succinct and don't write a "novel" to the extent that nobody can take the time to read or attempt to learn Mission The job of explaining the everyday work that will ultimately turn the vision into a reality if the organisation manages to succeed and does well A goal statement has to be brief, much like a vision statement The benefit given by the company can clearly be summed up by one or two sentences which can be instantly and easily communicated to anyone (Jackson, 1956) The mission statement may also be explained with a brief, informative paragraph if appropriate One or more priorities often endorse a mission Objectives (Quantitative and qualitative) In order to accomplish the goal, goals are smaller steps, tasks and achievements must be achieved This is where in the general diagram of all, everyday activities, programs , and projects exist Much like targets are smaller support factors that contribute to the mission being accomplished, targets are smaller support factors that lead to the aims being reached (Jackson, 1956) It is possible to add the acronym SMART to targets “SMART” framework In order for the company to accomplish the mission, goals are the key efforts that may take place They offer a concise overview of the programs, goods, and tasks undertaken by the organisation You may have learned the Clever acronym used to identify multiple facets of an overarching purpose SMART is synonymous with: Be specific: The purpose must be explicitly defined in a manner that can be conveyed and interpreted by all in the organisation in the same manner Measurable: The aim has been accomplished and efforts can be observed and quantified in a way for the accomplishment of the goal Activity: The corporation will take action and accomplish its objectives Relevant: Goals have a significant effect on the attainment of the mission of the organization Time Limit: There is a given duration within which it is necessary to accomplish the objective I am also offered a list of the programs , activities and resources they provide when I ask agencies to give me a list of their priorities This is not an aim, but an intention that must be accomplished in order to achieve an organizational goal 2.5 Stakeholders and their interests The shareholder is an person who owns the company's shares A stakeholder has a stock in the association Shareholders are, thus, owners and interested parties are lenders Shareholders are a subset of the superset, who are owners, as mentioned earlier Shareholders comprise shareholders in the company's stock and interest shareholders Anything from lenders, borrowers and debenture holders to staff, clients , providers, government, etc should be used by stakeholders The greatest difference between the two is that the return on their money is the priority on shareholders Stakeholders are more worried with the company's success The ensuring that prompt and appropriate input is given and that guiding reform efforts are carried out according to the stakeholder management approach is an efficient stakeholder management mechanism The project manager is accountable for balancing the needs of stakeholders, addressing disputes, and finding and fixing any difficulties that occur during the project The method of stakeholder management involves, in general, the following main elements: • Managing Stakeholder Expectations: The initiative is more likely to achieve when stakeholder expectations are successfully handled In order to ensure close agreement with the priorities and objectives of the project and sustain project management activities, the project manager can actively discuss and control the desires of stakeholders • Knowledge management for stakeholders: ensuring that stakeholders are engaged in the project on time and that they are mindful of the current state of project work is crucial for the project's progress About decision The awareness of high-level stakeholders enhances the possibility that the stakeholder will have the necessary level of support and that the project will be able to perform as planned • Stakeholder Activity Logging: The project manager is ultimately responsible for the documentation and logging of all stakeholder operations Therefore, to ensure approval of the project, project managers should formally track all communications with and between the partners and then log the outcomes obtained by the project Stakeholders, who stick to the project's contact strategy If the organization has defined the stakeholders and their relevance to the company , the company will start creating a strategy based on their wishes and desires Each stakeholder has needs that are needed to be addressed by company The effect of the wishes and desires of customers on the organization is unavoidable and systemic In the context that it is formed and managed to make a profit for its owners and customers, an organization operates to fulfill the needs of a specific stakeholder Enterprises may also consider other customers' interests and desires about their right to support and intervene with their activities 2.6 Economics, Microeconomics, Macroeconomics Economics Economics is the science that studies the ways in which people and society use scarce resources (resources) in the production of necessary goods and services and distribute them among their members society (Chappelow, 1976) Microeconomics The benefits of this system are: the realization of administrative functions, the attractiveness of professionals with extensive management experience, the elimination of conflicting functions, department activities Improving consistency and problem solving skills in order to facilitate the specialization of technical skills Compared to standardized online, the choices taken have a smaller level of risk Disadvantage: The functional system makes it possible for subordinates to report to several separate leadership points of the same superior management organization so the managers become specialists in the narrow area to undermine the leadership regime 3.Application SUNTORY PEPSICO VIETNAM 3.1 General information Company Suntory PepsiCo Vietnam Beverage Company Head Office 5th Floor, Sheraton Hotel, 88 Dong Khoi, District 1, Ho Chi Minh City Address 5th Floor, Sheraton Hotel, 88 Dong Khoi, District 1, Ho Chi Minh City Website https://www.suntorypepsico.vn/ Established date 24/12/1991 Issued date April 2013 Products Total captital 180,000,000 USD ( Source : PepsiCo VietNam, 2020) 3.2 Size and scope of the organization Suntory PepsiCo Vietnam was established in April 2013, with 100% foreign capital, a joint venture between PepsiCo Vietnam and Japanese-based beverage group Suntory Holdings Limited Officially entered the Vietnamese market in 1991, through the form of a strategic alliance between Suntory (Japan) and Pepsico (USA) and officially known as Suntory Pepsico, having spent nearly 22 years Pepsi has become one of the leading brands in the domestic beverage industry Suntory Pepsico currently has manufacturing plants, sales offices with 2800 direct employees, according to Neuvoo recruitment page Through a long process of striving, this brand has 15 times been honored with the title of High Quality Vietnamese Goods, which shows the attraction of this product Pepsi Vietnam has now expanded its business into many other product lines such as bottled water, fruit juice, energy drink and tea with typical products such as: Sting, Twister, Lipton Ice Tea, Aquafina, Tea Olong Tea Plus, Moutain Dew Every year, PepsiCo spends huge amounts of money on big advertisements with famous stars (currently in Vietnam, PepsiCo uses the image of singers My Tam, Dong Nhi, Issac to bring its products to closer to the consumer) In addition, PepsiCo is also very smart in its alliance and cooperation with fast food brands such as KFC, Lotteria, to reach closer to customers 3.3 Vision, mission and objectives Vision PepsiCo's marketing policy since the 1950s has been aimed at the young called "Pepsi generation" The company sacrifices all types of markets except for the youth market And the slogan at that time was "Let's be sociable - drink Pepsi" It was Pepsi's first campaign to focus on young people, and this made the company famous for decades to come Until today, the company has maintained its own target market aimed at young and dynamic customers regardless of business in any region Mission Maintaining the image of the successful global "Comprehensive Beverage Company", showing everything from carbonated soft drinks, from taste, to choice to a feeling of freshness and joy, youthful PepsiCo always favors its products with the qualities (from taste to marketing methods) necessary to penetrate into its target market Pepsi's mission is “To become a leading company in the production of consumer goods, focusing mainly on convenience foods and soft drinks, creating growth opportunities and bringing many economic benefits to customers business partnerships and active communities ” Pepsi always strives to be motivated on the basis of honesty, fairness and integrity Pepsi is always trying to become more youthful, different and more suitable than its competitors, keeping the "simple", "vibrant", "refreshing" Objective: Diversifying the market and diversifying products Completing the marketing strategy for PepsiCo's products: Focusing on the target market that Pepsi is always pursuing, that is, young customers who are passionate about fun activities, sports and music; building brand affirmation programs; applying new technologies in advertising, this is also the most convincing and convincing campaign of PepsiCo; There is always the innovation of old products and research and development of new products to better meet the needs of consumers 3.4 Market structure Suntory PepsiCo in the Vietnamese market is a beverage company with a number of fierce competitors with Coca Cola and Tan Hiep Phat However, because the taste of products and services is different, customers will find it difficult to find substitute products with PepsiCo in the Vietnamese market The great market power is closely linked with other big companies such as Tribico, KFC, Kinh Do, Subway, etc Suntory PepsiCo is the one who sets the prices to match the general market and also the profits generated from selling and manufacturing products The organization operates under an exclusive market structure because Suntory PepsiCo products are exclusive to the market and cannot be replaced by other products Suntory PepsiCo Viet Nam Numbers of competitors (Producers, Sellers) 150.000 members Fierce competition with Coca Cola and Tan Hiep Phat Product // service’s characteristics (differentiation Differentiation : Pepsi, 7up, aquafina,mirinda, or homogeneous) Market Power affiliated with Tribico, KFC, Kinh Do, Subway,etc and joint venture with Japanese beverage company Suntory Pepsi is currently number in the Vietnamese beverage market Price taker or Price maker Price maker Which market structure does the organization operate? Oligopoly ( Source : Author ) 3.5 Organization structure ( Source : PepsiCo VietNam, 2020 ) This structure of Suntory PepsiCo Vietnam is characterized by a leader who gives orders and takes full responsibility for his decisions, when facing complicated problems, the leader must consult with the experts in the advisory help This structure allows the leader to take advantage of the talents and expertise of the experts, reducing the complexity of the organizational structure, but it requires the leader to find and recruit talented professionals in all fields and of course the cost of selecting these professionals is enormous 3.6 Self-evaluations Organizational structure has the advantage of allowing leaders to take advantage of the talents and expertise of experts, reducing the complexity of the organizational structure Its downside is that it requires leaders to find and recruit good experts in the fields and of course the cost to choose these experts is huge In terms of vision, mission and goals, Suntory PepsiCo Vietnam has advantages such as having a fairly solid market share and foothold in the market, perfect quality products, reasonable prices, beautiful packaging, Diverse in types, designs, associated with youthful style, always breakthrough, taste, taste suitable for the majority, but the downside is the strength obtained from the brand is not high, the cost for advertising the market share is very large, the market share is quite monotonous, mostly young people References Lawkey.vn 2020 [online] Available at: [Accessed 12 October 2020] En.luathongduc.com 2020 Form Of Business Organization In Vietnam [online] Available at: [Accessed 12 October 2020] Pathway Lending 2020 Most Common Business Legal Structures - Pathway Lending [online] Available at: [Accessed 12 October 2020] Pathway Lending 2020 Most Common Business Legal Structures - Pathway Lending [online] Available at: [Accessed 12 October 2020] Jackson, T., Chandler, L., Jessee, T and Dillon, L., 2020 How To Write A Vision Statement (& Why That Isn’T Enough) | Clearpoint Strategy [online] ClearPoint Strategy Available [Accessed 12 October 2020] at: Landau, P., 2020 Stakeholder Vs Shareholder: How They're Different & Why It Matters [online] ProjectManager.com Available at: [Accessed 12 October 2020] Investopedia 2020 Economics [online] Available at [Accessed 12 October 2020] Kenton, W., 2020 What Everyone Should Know About Markets [online] Investopedia Available at: [Accessed 12 October 2020] Ktkt.vanlanguni.edu.vn 2020 So Sánh Đặc Điểm Các Cấu Trúc Thị Trường Trong Kinh Tế Vi Mô | Khoa Kế Toán Kiểm Toán Đại Học Văng Lang [online] Available at: [Accessed 12 October 2020] Simpleformations.com 2020 Types Of Business Structure In UK [online] Available at: [Accessed 12 October 2020] Corporate Finance Institute 2020 SMART Goal - Definition, Guide, And Importance Of Goal Setting [online] Available at: [Accessed 12 October 2020] G-GLOBAL - TỔ CHỨC TƯ VẤN QUỐC TẾ - CHỨNG NHẬN ISO 9001 - CHỨNG NHẬN ISO 22000 - CHỨNG NHẬN ISO 14001 - CE - FDA 2020 [ISO 9001:2015] Xác Định Nhu Cầu Và Mong Đợi Các Bên Quan Tâm [online] Available at: [Accessed 12 October 2020] Khái niệm, v., 2020 Khái Niệm, Chức Năng, Vai Trị Của Tài Chính Doanh Nghiệp [online] Phân Tích Tài Chính Available at: [Accessed 12 October 2020] Vi.wikipedia.org 2020 Suntory Pepsico Việt Nam [online] Available at: [Accessed 12 October 2020] Suntory PepsiCo 2020 Suntory Pepsico [online] [Accessed 12 October 2020] Available at: Powe re d by TCPDF (www.tcpdf.org) Index of commentsIndex of comments 2.1 Format: This assignment is an Individual report and specifically, in form of a Company profile You must use font Calibri size 12, set number of the pages and use multiple line spacing at 1.3 Margins must be: left: 1.25 cm; right: cm; top: cm and bottom: cm The reference follows the Harvard referencing system The recommended word limit is 2000-2500 words You will not be penalized for exceeding the total word limit The cover page of the report has to be the Assignment front sheet => Achieved The individual Assignment must be your own work, and not copied by or from another student or from books etc If you use ideas, quotes or data (such as diagrams) from books, journals or other sources, you must reference your sources, using the Harvard style Make sure that you know how to reference properly, and that you understand the guidelines on plagiarism => Achieved ========================================================================= LO1 Explain the different types, size and scope of organisations Different types of organisations => Achieved Micro, small, medium-sized enterprises (SMEs) Different business purposes, objectives and supply of goods and services => Achieved The range of legal structures associated with different forms of business: sole traders, partnerships and private limited companies => Achieved Size and scope of organisations => Achieved Differences between large, medium-sized and small organisations including objectives and goals, market share, profit share, growth and sustainability => Achieved Differences between franchising, joint ventures and licensing => Achieved Industrial structures and competitive analysis => Achieved Market forces and economic operations e.g scarcity and choice, supply and demand, income elasticity => Achieved Stakeholders and responsibilities of organisations to meet different stakeholder interests and expectations => Achieved LO2 Demonstrate the interrelationship of the various functions within an organization and how they link to organizational structure The various functions within an organization: Index of commentsIndex of comments => Achieved The role of marketing, finance, human resource management and operations within an organizational context and the interrelationships => Achieved How functions relate to overall organization mission and objectives => Achieved Organisational structure: Different structures depending upon the size and scope of the organisation, including bureaucratic and postbureaucratic, parent, strategic business units (SBUs), matrix and functional levels => Achieved Organisation structures and complexities of transnational, international and global organisations => Achieved ========================================================================= Application: You are free to choose an organization: Structure of the Report (Company profile): Introduction to the general information of the chosen company: the name, the head office, the address, the website address and the structure of the ownerships/ shareholders An explanation of different type and purposes of the chosen company Specifically, for the type of the chosen company, you must clear down the extent of non-profit or profit organization; public or unpublicized company; private or state-owned enterprise For the purpose of the chosen company, you must point at the vision, mission, value and objectives An explanation of size and scope of the chosen company For the size of the chosen company, you must demonstrate the capital with the number of total assets, owner equity and the total liabilities and the number of labour with the latest information For the scope of the chosen company, you must present the geographic locations/ markets and the target customers To get a better result, when explaining the size and scope of the chosen company, you had better analyse whether the size and the scope are compatible with the matter of achieving the set objectives and products or services of the chosen company => Achieved ========================================================================= P1 Explain different types and purposes of organisations; public, private and voluntary sectors and legal structures => Achieved P2 Explain the size and scope of a range of different types of organisations => Achieved P3 Explain the relationship between different organisational functions and how they link to organisational objectives and structure => Achieved Index of commentsIndex of comments M1 Analyse how the structure, size, and scope of different organizations link to the business objectives and products and services offered by the organization => Not Achieved M2 Analyse the advantages and disadvantages of interrelationships between organizational functions and the impact that can have upon organizational structure => Not Achieved D1 Provide a critical analysis of the complexities of different types of business structures and the interrelationships of the different organisational functions => Not Achieved 2.2 2.3 Powe re d by TCPDF (www.tcpdf.org) Nguyen Thi Thanh Nhan 3.11.2020 ... 13 2 .10 Market structures 14 2 .11 Organizational Structures 15 3.Application 3 .1 General information 16 3.2 Size and scope of the organization 17 3.3 Vision,... fair price The supply and demand of the industry and the horizontal business demand curve decide this price range The demand curve of the company is also both the median and cumulative income... 3.3 Vision, mission and objectives 18 3.4 Market structure 18 3.5 Organization structure 19 3.6 Self-evaluations 19 References 21 Introduction I will