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Report on Business and Business Environment : Toyota company

   

Added on  2020-06-05

22 Pages6705 Words67 Views
Business and BusinessEnvironment

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Different types and purposes of organisations..................................................................3P2. Size and Scope of different types of organisations..........................................................5P3 Relationship between different organizational functions..................................................8TASK 2..........................................................................................................................................12P4 Positive and negative impact of Macro environment on Business operations................12P5 Internal and external analysis with strength and weakness.............................................15P6 Inter-relation of strengths and weakness with external macro factors............................16CONCLUSION..............................................................................................................................18REFERENCES..............................................................................................................................19

INTRODUCTIONBusiness environment are collection of internal and external factors which can influencecompany in different ways. Firm's have to perform environment scanning so that they can createnecessary plans and polices to deal with them. Report describes about Toyota company which isfound in 1937. It is profit firm. Assignment explains about Red cross in U.K. which is non profitfirm in U.K. And Oxfam international which is a non government firm and is found in U.K. Theorganization was established with the objectives to work together in corroboration to amplify theimpact at international level to reduce and eradicate poverty and injustice. Project discussesabout various types and purposes of firm. Project explains about size and scope of variousorganization's and relationship between various functions of different organizations.TASK 1P1 Different types and purposes of organisationsAn organization when formed has to adopt some purpose or obstructives regarding itsfuture which strivers and motivates it to carry on its functioning to achieve that purpose and forits overall prosperity and sustainability (Deasy and et. al, 2016). There are a number oforganization that exists in market place to fulfil economic, social and basic requisites. There aremajorly two sectors in which companies are running their operations public and private sector: Basis ofComparison NGONPOFor Profit MeaningNGO is a nongovernment firm whichis formed by ordinarypeopleworkingautonomouslyofgovernment NPO is an associationwhich operates businessfor benefiting peopleand to fund otherprojectsinsteaddistributing it toshareholders. Business organization inthis sector are indulge inbuying and selling of itsproducts and services withto generate revenues andmaximum outcome fromwithin the marketplace. Objectives The motive of such firmsis to work for the welfareof society and publicalong with improvingThis sector is developedwith aim to promotescience, research, artanything apart fromThe main and soleobjective of firms is to earnmaximum profits bycapturing more and more

economic conditions earning profits. customers to purchase theirgoods and services. Mentioned below are the three major sectors :- Public Sector: This sector is controlled and managed by government and operates astheir per defined structure and guidelines. It comprises providing goods and services to thepublic and involves large workforce that proves to point of speculation in these firms. Forinstance Sainsbury's is the second largest grocery retail chain in UK providing reasonable andquality product and services to consumers (Eling and Schaper, 2017). Purpose: The main objective of establishing firm in this sector is to enhance the growthand development of economy and to provide benefits like employment generation, helpingpeople from backward classes to have access to basic necessities of life and so on.Private Sector: Companies belonging to private sector are self owned establishments.They run their business under the guidelines incorporated by legislations but are independent insetting up of their own mission, visions, objectives and organization structure. Toyota motormanufacturing is private limited auto mobile firm providing vehicle manufacturing andassembling services to customers. It was established in 1989 with its headquarters in Burnaston,Derbysgire, England. With the team of around 3,800 members the total investment of ToyotaManufacturing is approx £2.5 billion.Purpose: These firms are set up with the purpose to earn profits by identifying andcatering the needs and requirements of customers by providing quality products at optimumlevel of prices. Voluntary Sector:- These are the association formed by a group of people havingcommon interests united voluntary for addressing some social issues for the welfare and benefitof the society (Goleman, 2017). Red Cross Society is a voluntary charitable organization set upfor providing relief to the vulnerable and poor people at times of disasters and emergencies. Itwas founded in 1870 with the motive of supporting and serving people all around world withoutdiscriminating them on basis of caste, religion or nationality. With the staff of more than 3500and more than 32,500 volunteers society run sits operation with mission to mobilise power ofhumanity so that people can prepare for dealing and recovering from crisis.

Purpose:- Main motive of these enterprises is to make people aware about human rights and toincrease and improve education level and standard of living as per legislations incorporated forsociety benefits. Legal structure of the sectorPrivate sector:- It is divided into two categories:- Sole proprietorship:- The business is whole and solely owned and run by an individualwho is responsible for all profits, losses and to make and manage all strategies, policiesand procedures related to business (Hillary, ed., 2017). Partnership:- It is joint venture formed by tow or more people under a partnership deedfor deciding profit sharing an d capital ratio along with duration of firm Public sector:- Mentioned below are government bodies covered under this:- State government:- It is the deciding authority at state level which incorporates all lawsand regulations to be followed by citizens. Local government:-Local government bodies generally deals in local commoditiesbesides working for providing social welfare.Central government:- It is the central administration system which regulates theworking of both state and local government. P2. Size and Scope of different types of organisationsMarket share refers to the proportion that any business organisation have in market place.It is consider most important aim for the company as they have to continuously increase it in order to establish sustainable image. Basically, market share of an organization shows its actual position at marketplace with the help of various facts or figures. According to KANTAR WORLD PANEL it has been assessed that TESCO is improving their positing in coming time period as it increase by almost 27.6% in the mid of 2017. Along with this focussing on their market strategy to maximize it by the end of 2018.

Profit share refers to the earnings that business organisation make in terms of revenue andoutcomes. TESCO have earn 28% of annual gains and profits. (Source:- UK Grocery Market, 2017)According to above graphical representation it has been understood that TESCO is getting succeeded in gaining maximum advantages by satisfying needs or demands of distinct Illustration 1: UK Grocery Market

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