Contrasting Business Types by Purpose, Ownership and Stakeholder Impact

In: Business and Management

Submitted By ishy03
Words 1901
Pages 8
Contrasting Business Types by Purpose, Ownership and Stakeholder Impact
Introduction
For this assignment I have decided to use two separate and contrasting companies both having separate business purposes. The two businesses I have chosen to write about are UNICEF and John Lewis partnership. UNICEF is a non- profitable international organisation whose main purpose is to address the needs of struggling children around the world to ensure that all children can at least get their basic needs that they deserve and have the human right to. UNICEF was created on December the 11th 1946 and was original called the United Nations international children’s emergency fund which then became UNICEF for short. However in 1953 UNICEF changed the name slightly by removing the “international” and the “emergency” nonetheless they still kept the short name the same. Due to UNICEF being the leading charitable organisation for the development of children, they have won awards like the noble peace prize. Due to UNICEF being a charity it is governed by a board of trustees that the company picks. These trustees meet frequently to discuss the direction and the aims of the charity. There is no ownership however there is a president that oversees everything the charity does and creates the aims that the trustees have to try and accomplish. UNICEF is in the tertiary sector as they are providing a service to the people in need and also do not hold any liability. John Lewis partnership is a company which is owned by its employees. The John Lewis partnership owns two big businesses that run throughout Britain and these are John Lewis and Waitrose due to the business being run by the employees, they all have a say in how the company is run and also receive a cut from the annual profits which is a huge addition to their normal salary. As it says in the name, John Lewis is a partnership as all…...

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