Business and business environment assignment | LEGO
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Added on 2020-12-30
Business and business environment assignment | LEGO
Added on 2020-12-30
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Business and businessenvironment
Table of ContentsINTRODUCTION...........................................................................................................................3LO 1.................................................................................................................................................3P1 Organizations of different types and purpose...................................................................3P2 Different size and scope of organizations.........................................................................5LO 2.................................................................................................................................................6P3 Interrelationship between organizational functions..........................................................6LO 3.................................................................................................................................................7P4 Macro environmental factors and their impacts................................................................7LO 4.................................................................................................................................................8P5 SWOT analysis..................................................................................................................8P6 Interrelation of internal analysis with external macro factors...........................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness environment refers all those external and internal environmental factors thatdirectly affect the business operations in positive and in negative manner. This present reportwill focus on identifying different types of organisations which has different purpose, legalstructure, size and scope. The main purpose and objectives of all types of organisations is toprovide the best quality services and products to their customers. All organisations whether it isprivate, public and voluntary sector, all have to play some functions in order to successfullyoperate and achieve their goals (Hamilton and Webster, 2018). Further this study will show theimportance of PESTLE, SWOT and Porter's 5 forces analysis and tools that help the companyfor gaining competitive advantages by analysing its strengths, weaknesses and all factors thathave impact on its operations in both positively and negatively.LO 1P1 Organizations of different types and purposeThere are some types of organisation such as private sector, public sector and voluntarysector organisation. It may be small, medium and large companies who contributes in economyand providing employment to people of the society. It also may be sole proprietors, partnershipand corporation which have different purpose as some of the companies want to generate profitsand some want to provide better services to people or do not want to make money. Examples ofPrivate, public and voluntary sector organisations are described as below:LEGO: LEGO is a privately help company whose headquarter is in Billund, Denmark. Itoperates and manufacture plastic specialised toys. This company and LEGO group was foundedin 1949 by OLE Krik Christian (Black, Tomlinson and Korobkova, 2016).Llyods: It is a British retail & commercial bank that has branches across England andWales. This bank was founded by John Taylor and Sampson Llyod in 1765 (Mangan and Byrne,2018).Save the children foundation: It is the fund that was established in 1919 with the mainaim of improving the lives of children by Eglantyne Jebb Dorothy Buxton.The difference between all the three companies are :LEGO - It is Private or profit for organisation. It is an American toy manufacturer company whose main objective is to inspire children to think creatively and develop their
knowledge by special featured toys. They also want to invent the future of play. In context of legal structure, this company consist of an executive leadership team which is made up of 12 members & a Board of director. The revenue growth of LEGO recently been increased to 25.2 %. The total expense of the company is 206 million. The assets of the company increased by 6.5 billion. The registered company house of LEGO is in USA. The share capital of LEGO is almost 8.7 million. The memorandum of association contains name clause, object clause and liability clause of LEGO which is registered under Limited liability company.Llyods Bank – It is Public limited company. It is the largest retail bank in Britain. The main objective of this public sector bank is to provide and build a stronger business by providingthe best services by putting their customers first. The main purpose or objective of the children fund is to provide the better health care, education & emergency aid to children for improving their living standard. The MOA and AOA of the company contains name, object, shareholders, share capiat6al, paid up capital, CSR responsibility etc. of the company. The Llyods Bank share price is down at 57.23 which will decrease shareholder's wealth. The Lloyds bank registered company house is in Britain. The market capital is BN 40.56 GBP.Save the Children fund- It is Voluntary or NGO. The main purpose or objective of the children fund is to provide the better health care, education & emergency aid to children for improving their living standard. It is an international umbrella organization have total 30 organisations serving over 120 countries. All members of the Alliance are bound to follow Alliance by-laws. There are no shareholders in NGOs but just people who want to work for good cause. There is no share capital and profit in such kind of funds.Private organisation: Private organizations are those who generally operates business atsmall level. For instance, LEGO, it is a privately owned company that consists of around 19,000employees at different locations which includes 42 offices. In the context of size & scope LEGOgroup sole around 75 billion parts & 3,700 shapes. All employees are skilled that help them inachieving their goals. It has been stated that the company has generated 37.9 billion revenue inthe year of 2016 (Finn and Wright, 2016). Public organisation: Public sector organisation generally operate business at large level.For example, Llyods who consists of 45,856 workers at their different locations which iscompletely owned by the Government. Estimated operating income is£17.5 billion. In thecontext of size & scope this largest retail bank is determined by the services and revenue which it
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