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P1) Presenting three different types and purpose of organization

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Added on  2020-12-31

P1) Presenting three different types and purpose of organization

   Added on 2020-12-31

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BUSINESS AND BUSINESS ENVIRONMENT
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3LO 1.................................................................................................................................................3P1) Presenting three different types and purpose of organization..........................................3P2) Presenting size and scope of business organization.........................................................4LO 2.................................................................................................................................................5P3) Presenting relationship between different organizational structures...............................5LO 3.................................................................................................................................................7P4) Positive and negative factors of macro environment factors ..........................................7LO 4.................................................................................................................................................9P5) Internal and external analysis of IKEA to identify strengths and weaknesses................9P6) Strengths and weaknesses interrelate with external macro environmental factors........11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
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INTRODUCTIONBusiness environment plays an important and crucial role in every firm. The presentreport helps to understand the meaning of business environment and how it affects theenvironment of IKEA. It is a furniture company which offer different varieties of furniture andsell it online. It also explains different types of organizations such as private, public andvoluntary with its size and scope. The report also explains the relationship between differentorganizational functions and how they are interrelated with each other. It also emphasizescompany's positives as well as negative aspects by using PESTLE Analysis. With the help ofSWOT analysis, the report also helps to determine its strengths and weaknesses and describinghow these micro factors are directly interrelated with macro factors.LO 1P1) Presenting three different types and purpose of organizationThere are many different types of business organizations; some of them are mentionedbelow:Private Organization: This type of organization is owned by individual and is notcontrolled by state or central government. The main aim is to earn money and generatesrevenue that helps to maximize its profit. Under private sector, there are two types ofdifferent sectors such as joint stock companies and partnerships. As compared to publicsectors, private companies should not follow legal formalities which are assign bygovernment and these are so easy to run (Calabrese and et.al., 2018). The latest exampleof private companies are IKEA, Sainsbury's, TESCO etc. are top leading privatecompanies of UK.Public Organization: this type of organization runs with the support of government andtheir main aim is to serve public. They did not work to generate revenue as they are non-profit sector. The latest examples are charitable trust, trade unions etc. The legal structureof this organization is quite difficult to explain because there is lot of formalities, whichshould be completed by the government itself.Voluntary Sectors: it is the third type of sector as it does not count in public sector orprivate sector but it always takes care and fulfills all the needs of market economy(Mbaye and Gueye, 2018). Now a days it is the most growing sector and it include
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services such as technical research, medical service, agriculture etc. The purpose of thissector is to benefit and enrich the entire society with no government intervention. Thelatest example are foundations, some social welfare organizations, faith basedorganization such as church, temples etc.Sole trader: It is the simplest form of business structure which is quite easy andinexpensive for set up. It is legally responsible for all the aspect of their business andeven the owner is also liable for all the losses and profit. Partnership: It is a formal arrangement in which more than two parties are mutuallyagreed to manage and operate the business by sharing equal ratio of losses and profit. Private limited company: This type of companies are run individually and businessentities also limits the owner liability . The maximum limit for their shareholders are upto 50 and also restrict shareholders from the publicly trading shares. Public limited company : These type of companies have 7 minimum members and haveonly 3 directors but there is no limit of minimum members. Apart from this, the publiccompany is not authorized to start its business operation just because of grant ofcertificate if incorporation. P2) Presenting size and scope of business organizationBasis ofcomparison Private Public VoluntarySizeThe size of privatecompanies in UK is quitelarge because and these areoperating in large businessfirms as well.The public listedcompany occupy one ofthe biggest area and theseare operated in large size. The size of voluntarycompany are mediumbecause they arestarted initially. Noofemployees,directorsIn private firm, there areminimum 2 members and2 directors with 200maximum members orIn public firms, there are7 minimum members and3 minimum directors withunlimited members. In voluntary firms,there is no limit ofpeoples.
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