Business and Business Environment Purposes
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Added on 2020-10-23
Business and Business Environment Purposes
Added on 2020-10-23
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BUSINESS AND BUSINESSENVIRONMENT
TABLE OF CONTENTSINTRODUCTION........................................................................................................................................................................................................TASK 1.........................................................................................................................................................................................................................1. Introduction on different types and purposes of organisation.........................................................................................................................2.Size and scope of range of different types of organisations.............................................................................................................................TASK 2.........................................................................................................................................................................................................................3. Relationship between different organisational functions and their link to organisationalobjectives and structure.......................................................................................................................................................................................TASK 3.........................................................................................................................................................................................................................4. Identifying positive and negative impacts of macro environment upon business operationwith specific examples........................................................................................................................................................................................TASK 4.........................................................................................................................................................................................................................5. Internal and external analysis of specific organisations to identify strengths and weaknesses.............................................................................................................................................................................................................................6. Explanation of strengths and weaknesses interrelation with external macro factors......................................................................................CONCLUSION..........................................................................................................................................................................................................REFERENCES...........................................................................................................................................................................................................
INTRODUCTIONBusiness environment is defined as surroundings and aggregate of all conditions andinfluences affecting enterprise. It consists of various internal and external factors that affectsfunctions of business to a great extent. Tesco is the British multinational groceries and generalmerchandise retailer. It is headquartered in Welwyn Garden City, Hertfordshire, England. It isworld's third largest retailer in world. Tesco was formed in 1919 by Jack Cohen as a group ofmarket stalls Thus, in following report, different types of organisations, their size and scope has beendiscussed. This assignment also highlights relationship and link between organisations functionswith organisational objectives and structures. Furthermore, positive and negative impacts ofmacro environment on business operations has been also discussed. This assignment aims toprovide strengths and weaknesses of organisation. TASK 11. Introduction on different types and purposes of organisationPrivate sector These sectors are not a part of government or state bureaucracy. Thus, for private sectorbusiness organisation there exist variety of lawful structures in which they have legal domicile.People conducting such business are free from being a part of any organisation. The main typesof private sector are sole trader and worker’s cooperative. Hence, companies who work underprivate sector may issue stocks or have shareholders. Their shares are not issued on initial publicofferings (IPO). Therefore, the shares of these private sector businesses are less liquid. In orderto determine value of these shares are quite difficult. There are limited number of members inprivate sector. Thus, main aim of private sector is to earn profit and cut cost in businessenvironment. Tesco and John Lewis Partnership are private firms of UK.Public sectorPublic sector companies are one who has open membership and is owned and operated bygovernment that provides services to citizens of country. Thus, stock of such companies can beacquired by anyone and there are limited holders to lose amount paid to purchase shares. Publicsector company advertise by way of prospectus to make general public aware of shares and aresubjected to control supervision. Such companies have limited liability which is granted to itsowners and managers. In order to form such sector minimum seven members is required. They1
are subjected to minimum capital requirement. Thus, its main purpose is to provide publicservice rather than making money or profit. They try to create employment that helps inincreasing economic growth of a country. Atomic weapons establishment is one of public sectorcompany based in UK.Voluntary sector- This sector indicates that there are group of individuals who enters into business or agreement toform a body to accomplish their objectives. It includes community organisations such asassociations, social enterprises etc. it plays significant role to provide services in community.These sector support beneficiaries in number of ways from direct monetary aid to supply ofservices or facilities. Thus, its main purpose is to generate social rather than material wealth.Hence, there are many voluntary sectors that are working for development of socio economicand for promotion of art, culture and sports. Wellcome trust in UK is one of largest voluntarycompany (Concept of Business Environment, 2010).2.Size and scope of range of different types of organisationsJohn Lewis PartnershipJohn Lewis Partnership is UK based enterprise This company operates department stores,waitrose and partner’s supermarkets. Thus, Trust own this firm on behalf of all employees whichare also known as partners and receive fixed share of annual profit involved in this company.They recognized that there was a rapid change in retail company's customers taste andpreferences so they had to respond quickly. It is a leading business in UK having 30 departmentstores, 225 Waitrose supermarkets. There were 336 branches till 2015 and 61000 partners till 2014. The main objective ofthis company is to give happiness to all members through employment satisfaction in business.They share ownership and rewards between all partners. The mission is to bring happiness in customers and employees and enhance the positionas an outstanding retailer and become an example of employee ownership. The organisationalstructure of John Lewis is based on ownership of employee. John Lewis is building kind relationship with all stakeholders. 2
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