Business environment Assignment Example | Topics and Well Written Essays - 2750 words

Business environment - Assignment Example The purpose of these different types of organizations are: Non-profit Organization: Such organization operate to provide services to the community without working on making any profits. Their aim is to improve the community. Such organizations includes universities and charitable organizations. Governmental Organization: These organizations are owned by the government to provide benefit to the citizens in the country. Another purpose is to utilize the resources in the country for the benefit of the community. IKEA is a for-profit organization just like Tesco. IKEAs vision is to create a better everyday life for many people (IKEA, 2014). They do this by introducing a wide product range which includes all kinds of home and even office products at low affordable prices. The vision of Tesco is ‘to be the most highly valued business by: the customers we serve, the communities in which we operate, our loyal and committed colleagues and of course, our shareholders.’ (McKeown, n.d). Tesco does not specifically deal in one kind of product. Rather Tesco is more of a retail store. IKEA deals with one niche of the retail sector which is home furniture, appliances and accessories. Tesco aims to provide maximum value to its stakeholders which include customers, employees and stakeholders. This vision clearly shows Tesco as a for-profit organization. Even IKEA is a for-profit organization but it has cleverly worded its vision statement to show respect to its customer. This also shows that IKEA is highly customer centric. Organizations today have also begun to include their corporate social responsibility in their vision and mission statement. While the vision statement of IKEA is too broad, Tesco has accepted its corporate social responsibility by including the community in its vision statement. For the customers, IKEA has the objective of increasing their customer base and retaining its