Business and Business Environment : PDF
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Added on 2020-10-05
Business and Business Environment : PDF
Added on 2020-10-05
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Business and BusinessEnvironment
Table of ContentsINTRODUCTION:-.........................................................................................................................1TASK1............................................................................................................................................1P1 Various types and purpose of organisation with legal structures......................................1P2 Size and scope of the organisations...................................................................................2P3 Relationship between different organisational function and their link with organisationalstructure..................................................................................................................................4TASK 3............................................................................................................................................6P4 Positive and Negative impact of macro environment of business operations...................6TASK 4............................................................................................................................................8P5 Swot analysis:....................................................................................................................8CONCLUSION:.............................................................................................................................10REFERENCES................................................................................................................................1
INTRODUCTION:-Business environment refers to the various internal as well as external forces that affectsthe business operations and are beyond the control of an organisation. It includes Competitors,government, suppliers, customers and legal, technological, political, social factors that havedirect impact over business (Business Environment, 2017). Changes in these factor affect thepolicies of the company that may affect the performance and profitability of the company so anorganisation must consider above factors while formulating policies (Añón Higón and Driffield,2011). Aldi, an discount supermarket chain and has 10,000 outlets present in 20 countries acrossthe world. It deals in Grocery items that provide its customer a range of quality products at bestpossible price. This project describes the legal structure, size and scope of the company anddetermines the relationship between different organisational function along with type oforganisational structure. In addition to this project also undertakes SWOT and PEST analysis todetermine its opportunities and threats.TASK1P1 Various types and purpose of organisation with legal structuresPrivate enterprise: This type of business is operated and owned by private firm orindividual instead of government organisation. Most of private enterprise work with the aim ofmaking profit. ALDI is Supermarket retailer company in UK is the perfect example of this.Purpose: The main purpose of the company is maximization of profit by offering goodquality of product and satisfy the needs of customers. Further these type of firms do efforts toexpand commercial activities in new areas in order to capture a larger market share. Legal structure of private enterprise:Sole Proprietorship: It is the least and easiest regulated type of firm with minimum startup cost. In in the eyes of law business and owner are same person. Partnership: Partnership is a type of business in which two or more than two peopleagreed to share profit and loss (Bar-Isaac and Shapiro, 2013). This is formal arrangementwhere responsibility for managing the company and all the decisions related to firm takenby partners. It is set up by partnership deed which includes profit sharing ratio and legalrelationship between partners. 3
Limited companies: It is a company whose share capital is restricted by memorandum ofassociation and this is incorporated into legally distinct body.Public organisation: Public organisation are operated, controlled and owned by thecentral or local government. This type of the company are funded by government. Child SupportAgency is example of this which is based in UK. This enterprise deliver support to departmentfor work and pension in Britain (Bhaduri and Ha-Brookshire, 2011). The main function of firm isto collect, enforce and transfer payment from non resident parents for maintenance of their child.Purpose: There are various purpose of public entity such as development of socio economicinfrastructure, employment generation and economic surplus. Contribute more in socialdevelopment of society remain the main purpose of these type of organisation. Legal structure of Public enterprise:State government: It has political autonomy and country subdivision in federal form ofgovernment.Central government: The central government is political dominance which formulatingrules and regulation for local and state government.Local government: It handle operational activities of public company.Voluntary organisation: It is a non profit organisation whose objective is to serve fornation not for profit. Those enterprises who operates in religious, scientific and research areconsidered as NPO. The income earned from these business are tax exempted. Oxfam is theexample of this firm (Craig and Campbell, 2012). It is helpful for those people who are affectedfrom natural calamites and disaster by providing food and other basic needs.Purpose: The main purpose of voluntary organisation is advocate for social welfare and charity.Sustainable development and reduce inequality is another objective of voluntary organisation.Maximise its contribution in social development and welfare of individuals living in societyremain the main motive of these firms. Legal structure of voluntary organisation:Company limited by guarantee: In this no profit and shareholder are re invested in company. This is proper company which aims to seek some political and social cause.Unincorporated association: It is quick and cheap set up with short term goals and this structure is ideal for small groups. This type of company has no separate legal entity. 4
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