Reference Guide to Small and Medium Enteprises

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Recommended: Achieve organization goals

Preface
This guide is used to give a deeper understanding about relevant aspects to be considered before setting up or expanding business. This guide is produced with the help of BCC as a support towards SMEs. The booklet will give useful information to the partners, directors and senior managers of SMEs, as they will get some valuable guidance on how to act according to certain situation which will lead them to great business success. It first explains about organizational purposes of business; their responsibilities and strategies and also on how they met the objectives of different stakeholders. Next, it describes about the nature of national environment in which businesses operate, which mainly include brief description about various types of economic system; their allocation of resources and the impact of fiscal, monitory and competition policy. It also explains about the Behavior of Organizations in their Market Environment; the role of market structure, market force, business and cultural environment in it. It also gives a brief assessment about the significance and impact of global factors that shape national business activities. It also discuss about the importance of international trading in UK and impacts of European Union policies.

Contents
Title Pg no:
Introduction
Organization and its different types
SMEs
Business Environment 3-5
3
4
5
1.0 Organizational Purposes of Businesses
1.1 Purposes of different types of Organizations
1.2 Meeting Objectives of different Stakeholders
1.3 Responsibilities and Strategies
1.3.1 Responsibilities
1.3.2 Strategies to meet responsibilities 6-9
6
7
8
9
9
2.0 Nature of National Environment in which Businesses operates
2.1 How Economic System allocate Resources E...

... middle of paper ...

...icult to resolve these objectives.
Owners aim for better profit. Managers- They aim for a sustainable growth. Employees- Employees need good remuneration, incentives and a good working environment. Customers- they need varieties in the product range at an affordable price. Company always needs to aim for customer satisfaction. Suppliers- the Company need to satisfy them by giving payments without any delay. Society- the Company should ensure whether product is socially acceptable by following all the social norms. Government- the Company should be able to follow the laws and regulations set by the government and pay regular tax. Shareholders- By increasing profit and growth, the shareholders will feel to invest more in the company.

1http://books.google.co.in/books?id=GgIR4Nxc-F8C&pg=PA6&lpg=PA6&dq=stakeholders+definition+author+name&source=bl&ots=pD6XBWKFLt&sig=4

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