Business and Business Environment : UK
Added on 2021-01-01
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Business and BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1Activity 1.........................................................................................................................................1P1 Different types and purposes of organisations; public, private and voluntary sectors andlegal structures........................................................................................................................1P2 Size and scope of a range of different types of organisations...........................................3P3 Relationship Between Organisational functions...............................................................6CONCLUSION................................................................................................................................7REFRENCES...................................................................................................................................8
INTRODUCTIONBusiness environment includes entire internal and external factors that impact onoperational activities of a company, in both negative and positive manner. It includes social,economic, political laws, technological changes and more (Bharadwaj and et. al., 2013). All suchfactors assist organisations to make changes as per fluctuations in demand of marketplace.Present report is going to reveal different types of organisations running in UK marketplace, withtheir size and scope. It includes Tesco, NICE and Oxfam companies that deals in private, publicand voluntary sector respectively. Here, legal structure, mission and vision of these firms are alsodescribed. Furthermore, a critical analysis of complexities of various type of business structuresand interrelationship of various functions also highlighted in this assignment. Activity 1P1 Different types and purposes of organisations; public, private and voluntary sectors and legalstructuresBusiness environment is majorly classified into three different sections, that are- Public,Private and Voluntary. Here, companies dealing in such sectors are differentiate on the basis ofsize and scope, mission and vision as well as business structures, in following way: Private Organisation – Companies dealing in this sector are generally run their businesswith common purpose i.e. to earn high profitability. They give a large contribution togovernment of a country in improving and enhancing economy for sustainable development. Butsuch companies also have restrictions to trade their shares publicly (Ballard and et.al., 2012).TESCO, is one the best retailers of UK that deals within private sector and operate business inmany countries. It is headquartered in Welwyn Garden City, of England and established in 1919by Jack Cohen.Purpose –Since every private company works on a common purpose i.e. to generatehigh profitability. But in context with TESCO, this multinational company works majorlyto become the market leader in grocery sector, by offering a wide range of groceries. Legal Structure – As legal structure of private companies differentiates on the basis ofownership, like sole trader, partnership and more. Therefore, in context with TESCO, itruns business as sole traders where Jack Cohen give entire responsibilities to its Board of1
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