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Nt1310 Unit 1 Business

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Task 1 P1. Under this task, I will choose two company one will be private owned company (Ooredoo) and other will be public company (Ali shaihani group of industry) and I will describe business purpose and ownership of both companies. NAWRAS COMPANY (OOREDOO): Ooredoo was formerly called Nawras is an Omani company based on telecom industry, this is a communication provider owned by Ooredoo and it is private owned company, also has a limited liability to its business, this company provides landline voice services to visitors and residential customers, but also provides broad band internet services both home and mobile. Nawras is the fourth largest market telecom company and since 2010, it has been listed as the Muscat Securities Market. Nawras …show more content…

The company has developed to become mobile services, wireless and wire line services, and content services provider, with a market share in domestic and international telecom markets (companies and individuals) and residential markets. ALI SHAIHANI GROUP OF INDUSTRY Ali shaihani group of industry is a public company that is a food, beverage and paper industry that was established in the year 1979 in the sultanate of Oman. Not only in Oman, its markets its products throughout the gulf regions. This industry is founded and managed by Mr. Ali Khudadat Ahmed Al Shaihani. Ali shaihani group of industry has a vision of expanding the market of snack foods and soft drinks around the gulf including mainly the sultanate of Oman. It’s looking forward to produce more products regarding their customer’s satisfaction as they are the focal point of success and development of this industry (ali shaihani industry, 2016). This industry is expecting to accomplish its mission of market expansion …show more content…

Employees they are the people who implement the policies at work. Hence apart from processing and planning different plans for the company’s production and distribution, they play a big role in creating the right ethical behavior and enforcing it and also are the one who help the company to improve and strive for their goals. Customers: Are the most important stakeholder for any company. A company without customers will not able to attempt for their goals, customers they help companies in identifying the goods and services that are produced on the basis of their demands. It also helps Ooredoo Company to identify the changing trends in the market and even the preparation of business operators to the demands of the future (stakeholders-and-their-role-in-business-activities, 2016). Suppliers: Are one example of key stakeholder Ooredoo Company suppliers are peoples who sell products, raw materials or give a service to a business. Good relationships with this stakeholders group can help a company’s operations run smoothly. By working well with suppliers, businesses can encourage suppliers to list their stock, deliver services and product on time and be as efficient as possible. If suppliers have an interest in the company they supply well. If the company does badly they could lose a customer. Suppliers have to be paid on time after delivery of raw material or providing services. By doing this can create good

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