Pestle Analysis of Organisation : Assignment
Added on 2020-07-23
11 Pages3311 Words93 Views
Business DevelopmentFinancePolitical ScienceLaw
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BUSINESS AND BUSINESS-ENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types of business and their purposes..................................................................1Task 2...............................................................................................................................................3P2 Relationship between corporation functions and division and interlink to achieveorganisation objectives...........................................................................................................3TASK 3............................................................................................................................................4P3 Pestle analysis of chosen organisational...........................................................................4TASK 4............................................................................................................................................6P4 Swot tool to determine strengthen and weakness of chosen firm.....................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONTo bring the better perspective and effectiveness, Business and business environmentplay an important role in the organisation. NatWest is an old banking firm which offers multipleproduct line as retail banking, commercial banking, investment and wealth management. Thisreport will describe different types of corporations and their purpose. Along with this, it alsofocuses on the relationship between organisation function and division to accomplish firm'sobjectivities. At the end, report will explain the positive and negative impact of macroenvironment on business and also describe the SWOT and PESTLE analysis of chosen company.TASK 1P1 Different types of business and their purposesIn order to make growth and future development of any country and nation is based onthe various organisation. Different corporations play a huge role in the development of country;this is because they bring social welfare within the nation. There are different types oforganisations such as private, public, voluntary etc. (Drucker, 2017). These corporations havedifferent structure, different business environment but have a common aim that is to improve theeconomy of country.Public: In respect to run business, those enterprises that are run by government of the particularcountry. They are charge taxes, rules, regulation, etc. that create impact on the functions andoperations of the business. This kind of sector generally produces goods and services such as freeeducations and health care (Carroll and Buchholtz, 2014). Moreover, another examples includesin this sector are road building service, equipment of parks etc. along with this it includes policeservice, water supply, military, telecommunication etc. this corporation provides three types ofgoods and services such as public, merit and essential. The example of public entity in UK isBarclays. Main motive of public firm: One of the most and big aim of public entity is to balance thenation economy and social development by providing goods and services such as freeeducation, health care etc.(Welford, 2013).Advantages: through the public sector government is able to increase leaving standard ofthe people. Through the free education government of UK is trying to remove povertyfrom the country. 1
Legal structure: The main decision will be taken by the supreme bodies of thegovernment (Bryman and Bell, 2015). Disadvantage: if this organisation will suffer loss than it will be increase the deficit. Barclays is a public organisation in UK which has huge market scope and financialservices in the banking industry. This firm offering number of services and products such asretail banking, commercial banking, investment banking etc. Private: This type of organisation is run by private individual or groups and is not controlled bythe state. The main aim of private sector is to generate and create profits, increase theproductivity and maximise the sales. Sole trader is main type of private organisation they areindividually run businesses. Examples of sole traders are plumber, painters, accountants andhairdresser. The private corporations are those that are run by the board of directors andchairmen will be the main head of this company (Barnes and Hunt, 2013). Owners of privatefirm are independent and they do not need any direction and guidance. Aim of private organisation: the main goal of this corporation is to maximize the sellsand profit of the companies. Legal structure: before the starting of private firm, individual have to make different legaldocuments which are the article of association with different detail about the corporation.After the documentary process registrar of companies will issue the certification ofbusiness firm (Boons and Lüdeke-Freund, 2013). Advantages of private entity: The main positive point about this sector is that owner havehis or her own rules and regulations, to increase the business benefits and productivity heor she can change the business structure and strategies at any time. Private firm mainlyfocuses on the quality of products and services so people are able to get the productsaccording to their needs and interest. Disadvantage of private firm: the main negative point and disadvantage of this sector isthat source of finance are limited, also as a sole trader owner is the only individual able toraise money, they have to work hard and they have limited facilities. People in this sectorcan not share the workload and do not have limited liability.M&S is one of the most famous and big private organisation of UK. This firmconsistently enhances its administration so it can achieve with particular needs of targetcustomers. 2
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