Essay
P3: describe how two businesses are organised.
- Institution
- PEARSON (PEARSON)
P3: describe how two businesses are organised Distinction* Grade Work
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P3: describe how two businesses are organisedBT Plc
Information extracted from BT’s website shows that BT is one of the world’s leading communications
services companies. BT do multiple things to show that they are the best communications services
company and by serving in around 180 countries they are leading this market. BT Retail's role is to
make that complexity transparent, to make things easier; to enable every individual, organisation
and business to realise their potential through communications. Although this is their role in the
market, they do want to make a profit to its shareholders.
BT wants their strategy to continuously evolve to ensure that they build on their strengths and allow
them to respond to market opportunities and challenges. Their purpose and strategy are on the
company’s website: (https://www.btplc.com/Thegroup/Ourcompany/Ourvalues/index.htm). Their
strategy is:
To use the power of communications to make a better world
Drive sustainable growth in value i.e. lead in converged connectivity and services, seize new
business opportunities and deliver industry leading efficiency.
BT Plc offering both, products and services are part of the public sector. BT offers their services
internationally to around 180 countries. BT also plays a major role in the economic, business and
community life of the UK’s regions and nations, and in Ireland. Looking at stats of the number of
employees BT Group in 2017 calculated that 106,400 employees were working for BT Group not just
in the UK but internationally. BT has had a considerable amount of growth the past couple of years
due to the launch of BT Sport and BT Mobile that has really improved the customer experience by
offering people an expanded array of content and services. BT’s revenue for the year were up 6% to
18.9bn in 2016. Alongside the results, BT pledged to bring 4G and superfast broadband coverage to
95% of the UK and that 12 million properties would have ‘ultrafast’ broadband by 2020. By BT
planning ahead they have a wide scope of consistently growing and allowing to strengthen its core
UK business as well as internationally.
BT Plc is a public limited company (plc), which is a business that is owned by its shareholders, run by
directors, and most importantly, whose liability is limited. Limited liability means that investors only
lose the money that they have invested, nothing else. Investors are always going to be interested in
investing money into such a big organisation and it couldn’t be any easier to do that by just
searching up London Stock Exchange and buying some shares in BT. Having investors means that BT
has sold all or part of its business to outside investors. This also generates extra funds for BT and
therefore can be an important part of fundraising. Doing this can open doors to expanding even
more and making BT the best worldwide communications services company.
Cranbourne Stores Ltd
Cranbourne Stores is a small local business. It is owned by Shailesh Ramgi. It is a retailer and belongs
in the tertiary sector. It provides a service. Cranbourne Stores purpose is to make a profit and survive
when business is calmer during the colder months. He describes the business purpose as ‘providing
basic groceries, newspapers, tobacco, alcohol and other goods to the local community, mainly
Cranbourne’. Shailesh Ramgi knows that the business is only going to run if there is constant stock
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