Analysis of Business and Business Environment
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Added on 2020-10-05
Analysis of Business and Business Environment
Added on 2020-10-05
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Business and BusinessEnvironment
INTRODUCTION Business environment consist of collection of all individuals, entities and other factorwhich may or may not be controllable within hands of an organisation. The factors that usuallyaffect an organisation are its performance, profitability, growth and survival for longer durationof time (Anıl and Ficici ,2017). Eventually, every business organisation operates in a dynamic ordistinctive environment as it cannot exist in isolation . In this report organisation chosen areMark & Spencer(Private Sector),National Health Services(Public Sector) and Child Care( Voluntary sector ). This report is going to analysis different types and purpose of organisationas well as its size and scope. Moreover, identifying relationship between different organisationfunction how they are interconnected with each other that help in fulling organisation goals andobjectives. Eventually, evaluating positive and negative impacts of macro environment onbusiness operation and day to day activities. Furthermore, conducting internal and externalanalysis in order to identify strength and weaknesses of a respective organisation as well asevaluating how this factor are interrelate with external macro factors.TASK 1P1 Different types and purpose of organisation and its legal structureIn today's era business environment determines various types of organisation that deals indifferent sector in present competitive marketplace. Additionally, each and every business hasits own motive, goals and objectives for performing their business operation and day to dayactivities. Herein, there are different types of organisation which are determined below: Private organisation: A private organisation is part of economy that is run by individuals orgroup of people in order to earn profit in competitive marketplace. This sector is a diverse sectorthat are usually a big part of economy. For example: A private sector organisation, Mark & Spencer is a British multinationalretailer which is specialises in selling clothing, home products and luxury food items incompetitive marketplace.Purpose: Its main purpose to offer high quality of product to its consumer as well as attainhuge market share in clothing and luxury food items.
Legal structure of private organisation: Herein, Mark & Spencer are following flatorganisation structure as they have limited levels of management between administration leveland front lines of employees.Sole traders: Sole trader are individuals who control and manages their business of theirthemselves. In this business an owner is responsible for all its business losses, expenses andprofit that is generated by them on their daily business activities and operation.Partnership: A partnership is a legal agreement which consist of two or more individualin cooperate to manage and operate business. Herein, all profit and liabilities are sharedproportionally as the amount invested is known as capital in which each partner is liable for allprofit and losses. Stakeholder of Mark & Spencer: The stakeholder of Mark & Spencer are owner, internal andexternal stakeholder as well as its customer's.Public Organisation: Public sector organisation is usually comprises of an economy thatprovides a rage of governmental services, including infrastructure, public transportation, healthcare and military services.For example: National Health Service, affiliated to health and social care services forgeneral people. Each service is provided with wide variety of heath services to ordinary peoplein at world wide.Purpose: The purpose of National Health services is offer its product and services as per needand preferences of an individual patience as well as fulfilling needs of nation in attractivemanner.Legal structure of Public Organisation: The legal structure of this organisation is to providewide range of health services as its main aim is to extent its consideration to meet requirementof general people.State government: A state government is a unit of government that usually abide lawsand regulation for a particular state. It has been reserved with powers and responsibilities foradministrating local needs and problem of a particular state or region.Central government:A central government is one who owns absolute control over overa single state. This government governs entire nation which is responsible for its policies whichis determined to control economical growth of a particular state.
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