(solved) Business and Business Environment

Added on -2020-12-09

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BUSINESS AND
BUSINESS
ENVIRONMENT
Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Different types of business concerns and their legal structure..............................................3
P2 Size and scope of different types of organisations ................................................................5
TASK 2............................................................................................................................................7
P3 Relationship between different organisational functions and their link with organisational
objectives.....................................................................................................................................7
TASK 3............................................................................................................................................7
P4 Positive and negative impacts of macro-environmental factors............................................7
TASK 4............................................................................................................................................9
P5 Internal and external analysis of specific organisation to identify strength and weaknesses 9
P6 Interrelation of strengths and weakness of macro environment elements on a company....10
CONCLUSION..............................................................................................................................11
REFERENCES................................................................................................................................1
Books&Journals..........................................................................................................................1
.........................................................................................................................................................3
INTRODUCTION
Business environment refers to a sum total of all external as well as internal factors
present within business concerns. These factors are expected to affect working and performance
of a business. Business environment as a whole comprises of customers, suppliers, technological
factors, laws and so on (Business environment, 2018). These factors help a business concern to
function smoothly. ALDI is a private sector business concern that has been chosen in this report.
ALDI is a private sector business entity which is supermarket chain store. Its headquarters are
located in Germany. This report deals with different types of business concerns and their legal
structure . Also, relationship between various organisational functions and their positive and
negative impact have been mentioned here. Furthermore, external and internal analysis of
business concerns have been stated in this report.
TASK 1
P1 Different types of business concerns and their legal structure.
Business environment is made up of various business concerns which have different aims
as well as objectives. These various business concerns have been explained as under:
Private organisation: A private business concern is one which is usually run by a single
individual or group of individuals. Main aim of private business entities is enhancement of
productivity and profit maximisation also (Chetwood and et. al, 2014). An example of private
business organisation is ALDI which is a supermarket chain store.
Purpose of private organisation: Main aim of ALDI is enhancing their overall
productivity and profitability. It also works towards providing best quality goods and services to
its customers thereby maintaining a competitive edge.
Legal structure of private business concerns: Legal structure of private sector business
entities is of two types. These types are further explained as under:
Sole Proprietorship: Any business concern that is owned managed and controlled by a
single individual are known as sole proprietorship. Here single person is authorised for every
activity.
Partnership: Any business where two or more people come together and pool their funds
and resources is a partnership firm. They are both responsible for forming laws and policies and
also sharing profits and losses (Yu and Ramanathan, 2013).
Public Sector organisation: Public sector business concerns refers to companies that are
owned, managed and controlled by government authorities or officials. Main aim of such
businesses is satisfying needs and wants of general public rather than profit maximisation. An
example of public company is Crown Prosecution Service which is involved in legal matters and
prosecution (Crane and Matten, 2016).
Purpose of public sector company: In this context, main purpose of Crown Prosecution
Services is to provide law related advice to general public in their legal matters. Also they help in
resolving issues.
Legal structure of public organisations: Public sector business entities are further
divided into two broad categories which has been explained as under:
State government: Organisations under state government are aimed at monitoring and
assessing arrangements made by various laws in a country.
Local government: Local government businesses work towards satisfying needs and
wants of people.
Voluntary organisation: Any organisation which are non profit business concerns and
established for welfare of the society are referred to as voluntary business concerns. In this
context, chosen organisation is Cancer Research which is situated in UK.
Purpose of voluntary organisation: Main purpose of Cancer Research, UK is controlling
increasing number of deaths due to cancer and all deadly diseases by conducting research so that
all deadly diseases can be controlled and prevented.
Legal structure of voluntary organisation: The legal structure of voluntary organisation
is further divided into numerous parts such as association, trust, industrial and provident society
which are explained as under:
(a) Association: This is most widely available form of unincorporated structure formed
by small and new groups in order to carry out all key association activities (Gharajedaghi,
2011). These are comparatively cheaper as compared to other business concerns.
(b) Trusts: This business is an incorporated structure and usually governed by trust
deed. It is usually formed by groups that does not require any membership structure.

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