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Business and Business Environment Assignment - Solved

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Added on  2020-10-05

Business and Business Environment Assignment - Solved

   Added on 2020-10-05

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Business and Business Environment Assignment - Solved_1
Table of contentsINTRODUCTION................................................................................................................................3MAIN BODY.......................................................................................................................................3Different types and purpose of organisations; public, private voluntary and legal structures....3Size and scope of different organisation ....................................................................................5Relationship between different organisation functions and its link to organisation objective and structure.......................................................................................................................................7Identify the positive and negative impacts the macro environment has upon business operations.8Internal and external analysis of organisation in order to identify strength and weaknesses...10Strengths and weaknesses interrelate with external macro factors...........................................11CONCLUSION..................................................................................................................................13REFERENCES ..................................................................................................................................14...........................................................................................................................................................14
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INTRODUCTIONBusiness environment is an aggregate of all conditions, events and influences that aresurrounded and affect business. It consist of combination of all internal and external factors thatinfluence company's operating function and decision making of business (Alles and et.al., 2018). Tooperate smoothly and functionally organisations depend on environment and the society in which itis operating to analyse the factors prevailing out there and helps organisations to sustain for longterm. These factors are complex in nature and changes from time to time. In this report chosenorganisation is Marks and Spencer which is a British multinational retailer headquartered inLondon, UK. It provides home and food products. Marks and Spencer chosen as private sector,National health service in public sector and Child care in voluntary sector. This report will analysethe size and scope of different types of organisation. Along with determining interrelationship ofvarious function within the organisation and its connection with achieving business objectives.Moreover it also analyses the positive and negative impact that have influence on macroenvironment business operations . In addition to this it also identifies the strengths and weakness ofdifferent organisation and their interrelationship with external macro environment factors.MAIN BODYDifferent types and purpose of organisations; public, private voluntary and legal structures.Business environment consist of all those factors which enables organisation to competewith its complex factors and attain goals and objectives of organisations. These factors play animportant role and allow business to properly function in the dynamic environment. There are threetypes of business organisations which are subdivided as public, private and voluntary organisations.Private sector organisationPrivate sector organisations are run by the individuals rather than the government and alsohelps in the economic development of the county by satisfying customer needs which in turnincrease revenue for the respective company. As the chosen company Marks and Spencer is aprivate retail based company specialising in clothing sector, home products and luxury food
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products.Legal structure- Marks and Spencer has a flat organisation structure which has limitedlevels of administration and management which allows execution of task in a proper manner andencourages all the employees to participate in decision making process for the company and allowsrespective company to realise its goals (Cantwell and et.al., 2010).Types of legal structureProprietorship- A single individual or a trader when run business whole and sole bythemselves they are legally responsible for all the aspect of business. They are responsible fortaking decision which help them to run smoothly and attain goals. They have all the liablitiestowards business.Partnership- It is that form of legal structure in which two or more parties cooperatesintegrally to mange and operate business smoothly. In this form partners equally share profit andlosses of the company and share same liabilities towards business.Limited by guarantee- A company limited by guarantee is distinct from its owners and isresponsible for its own debts.Limited by shares- liability of the shareholders to the creditors of the respective company is limitedto the capital originally invested.Stakeholder of Mark & Spencer- The major stakeholders are owners, employees,customers as well as all other internal ans external stakeholders (Carroll,and Shabana, 2010).Purpose of private organisationPurpose of private organisation is to provide products and services that benefits theconsumer and help respective company to increase sales and revenue.Public sector organisationIt comprises of all those organisations which are owned and operatedby government. In other words it is under the control of government and provides services to theindividuals. Government can raise funds through many sources such as by charging fees and tax andinternal transfers from other government levels. In this report chosen public sector is Nationalhealth service (NHS), which is a public health service in United kingdom.Legal structure- The primary legal structure of NHS is to provide a wide range of healthservices and to meet necessary and responsible reasonable requirement of the individuals.Types of legal structureLocal government- Local government have power regarding the specific geographic regionand cannot enforce power or laws on particular state. They play an important role in taking care ofhealth of general public and are responsible for many services which doesn't have impact on thehealth and for the well being of local population.Stategovernment- It is subdivision of federal in the country which have certain power and
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