M1) Analysis of structure and business objectives

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BUSINESS AND BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................2MAIN BODY...................................................................................................................................3L O 1................................................................................................................................................3P1) Types and objectives of organizations.................................................................................3P2) Size and importance of different types of organizations.....................................................4M1) Analysis of structure and business objectives....................................................................4L O 2................................................................................................................................................5P3) Relationship between various functions of the organization................................................5M2) Advantage and disadvantage of interrelationship between various functions....................6D1) Complexities in organizational structure and in relationship between various functions....7L O 3 &L O 4 (Covered in PPT)......................................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9INTRODUCTIONBusiness refers to the process of producing and distributing goods or services to earnmaximum profits. Business Environment refers to the sum total of all the factors and forces thatcan impact the operations of the business directly or indirectly. Micro factors exists in theinternal environment of the company that directly affects the business of the organization. Macro
factors exists in the external environment outside the firm that indirectly affects the operations ofthe company (Deasy, and et.al., 2016). The Report will be based on Zara. The company belongsto Retail industry. It was founded in year 1975 in Spain. Zara deals in Apparels for men, women,Kids etc. and it owns various brands such as Oysho, Bershka etc. The Report will outline varioustypes and purpose of the organizations, size and importance of different types of the firms. TheReport will also explain the interrelationship between different functions of the organization andits advantages and disadvantages.MAIN BODYL O 1P1) Types and objectives of organizations.Public-The public sector of the country is owned and managed by the government of thecountry. These organizations are operated under the control of Government. One of the commonexample of public organization is Zara.Objective-The aim of public organizations is not to earn profit. The main objective of publicorganizations is to provide services to the people that are living in the society.Legal structure-Zara is a public limited company and its share capital is divided in largenumber of shares which is owned by the public.Private-Private organizations operates their business in private sector of the country. Thesefirms are not owned and controlled by the Government of the country. These organizations areowned and managed by individuals. One of the best example of private organization is ArcadiaGroup in UK.Objective-One of the main aim of public organizations is to earn maximum profits for futuregrowth of the business. Companies achieve this objectives by reducing the cost of production,developing innovative products etc.Legal structure-Arcadia Group is a type of private organization. Majority of the shares areowned by Taveta Investments, Sir Philip Green etc.Voluntary-Voluntary organizations are formed by group of people having a common objective.These individuals enter into a contract to form a voluntary group. One of the common exampleof such type of organization is Wellcome Trust.
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