Business Environment - Meeting global and local needs Coursework

Business Environment - Meeting global and local needs - Coursework ExampleThe main purpose of this organisation type is to aid the community as a whole and delivering public benefits (Fletcher, 2005).Partnership It is such an organisation type, which mainly comprise two or more partners in wander to conduct a business. In this organisation type, the partners involved utilise the available resources and thereby share profits equally or proportionately (Fletcher, 2005).It is quite perspicuous that different stakeholders possess diverse needs along with objectives. An organisation mainly works towards meeting its predetermined goals along with the objectives of the stakeholders. It can be apparently sight that organisations mainly create a business plan, which helps in complying with the objectives of diverse stakeholders by a received degree (Morris & Baddache, 2012).It is strongly believed that the stakeholders can be benefited only when organisations permit value added products to the customers. This will certainly make the stakeholders to obtain substantial profits and help them to obtain high dividends. Apart from these, the aforesaid aspect will withal provide the employees with better salary. Furthermore, this will also boost the productivity of the organisations to meet customers demand and thereby serve the stakeholders effectively. The organisations can meet the objectives of the stakeholders by satisfying customers requirements, change such organisations to observe rise in profit margin. Thus, the formulation of an effective business plan will help the organisations to meet stakeholders objectives by a certain extent (Boutelle, 2004).One of the imperative roles along with responsibilities of an organisation is to serve customers in accordance with their respective demands and preferences. An organization must work under the boundaries of law. In this regard, the whim as well as the reputation of an organisation frames a vital part (Heslin & Och oa, 2008). It is worth mentioning that an