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Business and Business Environment - Size and Scope of Organization

Added on - 23 Nov 2020

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Business and BusinessEnvironment
Table of ContentsINTRODCUTION...........................................................................................................................1P1 Explain different types and purpose of organization..............................................................1P2 Explain size and scope of different types or organization......................................................4LO 2.................................................................................................................................................5P3 Explain relationship between different organization function and their structure.................5LO 3.................................................................................................................................................7P4Positive and negative impacts the macro environment has upon business............................7LO 4...............................................................................................................................................10P5Internal and external analysis of Lego..................................................................................10P6 Explain how strength and weakness interrelate with macro factors.....................................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................15
INTRODCUTIONBusiness environment is basically total sum of all the internal and external factors thatinfluence an organizations businessfor maintaining successful relationship with customers. Bothinternal and external factors together influence the organization.Set of activities or coreprocesses which are carried out in different areas or department of a company is calledorganizational functions. Every organization has many functions like finance, customer service,operations, marketing, warehousing, information technology and many more which completelydepend upon the type of organization or business it is. There are many types of organizations andeach organization has different legal structure, purpose, objective, goal, aim, size and scope. Inthis assignment three different types of organizations like public (Bank of England), private(Lego), voluntary organization (UNICEF) are discussed. Apart from this, interrelation betweendifferent functions, SWOT analysis and and their macro environmental factors are defined in thisreport.LO 1P1 Explain different types and purpose of organizationEvery business function varies from each other. This depends on their nature and typeand the sector in which they operate. Generally, there are three basic types of organization thatexist that are public, voluntary and private (Preuss., 2017). According to type of organization itsgoals and objectives are developed. Moreover, as per type legal structure also varies. Thestructure is formed accordingly so that mission and vision can be attained. It can be identifiedthat there exists huge difference between all types of business which is described as below :-(Difference between public and private organisation. 2017)Bank of England –it is a public sector bank in UK which provide different types of financialservices to people. Its main purpose is to ensure economic growth of UK.Lego-it is a completely private firm which operate in UK. the company manufacture brandedtoys and is expanded in different countries as well. Lego is expanded in 55 countries.UNICEF-it is an international children fund created by United Nation in 1946. Its aim is toprovide food and health care to children in different countries that are not able to afford it. theorganization serves around 190 countries.1
ParameterPublic (Bank ofEngland)Private (Lego)Voluntary (UNICEF)TypesA publicorganization isfully operatedand controlledby government(Oedewald andet.al., 2015). Itis formed toserve citizens ofnation byproviding thembasic productsand services.The money israised bycollecting tax,penalty, etc. andis used forsocial welfare ofpeople.No privatecompanies areallowed to takestakeingovernmentorganizations(Green andPeloza., 2014).The areas areA privatecompany iscontrolled andoperated byprivate firmsand individual.They areformed withaim of earningprofits byprovidinginnovativeproducts andservices topeople (Wickerand et.al.,2014).Here, money israised byissuing of shareor debenturesin market andprofits are usedfor growth anddevelopment ofcompany.In privatecompanygovernmentThey areformed bygroup ofvolunteers. Themain aim ofvoluntaryorganization isthe socialwelfare forhuman being.The money israised bycollecting fundsand charitiesand is used inproviding basicnecessities topeople(Cooper.,2014).There is nostake ofcompanies involuntaryorganization.They can onlyprovide withfunds orcharities.2
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