(solved) Assignment Business and Business Environment

Added on - Nov 2020

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Business and business
environment
Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1...........................................................................................................................................1
Different type of organisation and the growth of the international business environment...1
Public company......................................................................................................................1
Explanation of various organisation......................................................................................2
Relationship between different departments.........................................................................4
TASK 2............................................................................................................................................6
Impact of macro environment on business............................................................................6
Internal analyses and its relationship with macro factors.......................................................8
Key findings and how it impacts the decision making of business.....................................10
CONCLUSION.............................................................................................................................10
REFERENCES.............................................................................................................................12
INTRODUCTION
There are so many factors that impact on overall working of business to great extent.
Present study is based on The Five Fields that has many restaurants in UK and offers luxurious
services to its guests. Current assignment will explain different type of organisation and the
growth of the international business environment.Furthermore, it will explaininterrelation
between various departments with advantage and disadvantage of this interrelationship. Report
will conduct SWOT analyses of business and its competitor KFC. In addition, study will explain
interrelationship between strength and weakness of business with macro elements.
TASK 1
Different type of organisation and the growth of the international business environment
Public company
Public company is the company whose share can be freely traded on the stock exchange.
The public company is control and operated by the government personnel. Public companyhas
topublish annual report and make public details about their finance and business activities. NHS
(National health services) is a publicly funded national healthcare system(Sanchez and Hla,
2004)
Purpose-The main purpose is to serve the nation and offer high quality and satisfactory services
to consumers.
Growth -The growth of public enterprise is rising day by day. As NHS is expanding its company
across 63 countries and also profit is increasing and the efficiency in terms of technical,
allocation and dynamic is improving and also NHS is rated as most impressive in terms of
efficiency (Bull and.et.al., 2016).
Legal structure:These firms can sell their shares in stock exchange. In these companies board
of members are the decision makers. Ownership and control are in the hand of higher authorities.
Private company
Private company is the company who issue shares and have shareholders but their shares
are not traded on the public exchange and not issue through initial public offer. The investor of
private company are those who are closest to the founders such as family, friends and employees.
For example: The Five Field’s is restaurants that work as private company (Dcosta and
McDonough, 2017)
1
Purpose –The first and foremost purpose of private company is to maximize the profit in any
possible ways and so as the purpose of The Five Fields to maximize the profit and the another
purpose is to achieve a good position in the market and be a global leader in the market.
Growth –The private companies are also growing rapidly and also it maximizing its profit.
Legalstructure:Thesehaveseparatelegalidentify,boardofdirectorarechosenby
shareholders. Share capital needs to have less than£50,000.
Voluntary organisation
Voluntary organisation or union is an association of member who enters into the
agreement and who work for the common objective or interest and usually from a body and work
for the purpose to achieve the objective of the organisation.(Hillier and.et.al., 2013)
The largest voluntary organisation is Well come trust in UK.
Purpose –The most common objective is to create social impact rather than creating profit.
These firms mainly focus on improving people wellbeing and improving health of population .
(Hillier and et.al., 2013.)
Growth –Well-come trust in the independent global charity organisation. In august 2014, the
well come trust bought the cooperative group farm business.
Legal structure: members of the voluntary firms are guaranteed by £1. These have separate legal
identity.
Explanation of various organisation
CriteriaNHSThe Five Fields 'sWell come Trust
Background detailsNational health service
has been created as per
national health service
act1946.Itoffers
medical;servicesetc.
NHS was founded by
AneurinBevan.NHS
recognise that smoking
causes cancer.
The Five Fields 's is
theBritishrestaurant
and one of the largest
in the world. The Five
Fieldshas1776
restaurantsacrossthe
world.Itwas
established in 1998.
The Well come Trust
isabiomedical
research charity based
in London, UK. It was
established in 1936.
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