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Business and Business Environment Introduction to Different Organisations

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Added on  2020-10-05

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BUSINESS AND BUSINESS ENVIRONMENT INTRODUCTION 1 TASK 11 Types of different organisation1 Legal structure of different organisation 2 Purposes of different organisation2 Size of different organisation 3 Scope of different organisation3 TASK 24 Different types of organisational structure 4 Relationship between organisation structure and functions to achieve their objectives 5 TASK 36 Macro environmental factors that impact or influence on business operations (PESTLE analysis)6 TASK 48 SWOT analysis to identify strength and weakness and interrelation with opportunities and threats 8 CONCLUSION

Business and Business Environment Introduction to Different Organisations

   Added on 2020-10-05

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BUSINESS AND BUSINESSENVIRONMENT
Business and Business Environment Introduction to Different Organisations_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Types of different organisation...................................................................................................1Legal structure of different organisation.....................................................................................2Purposes of different organisation..............................................................................................2Size of different organisation......................................................................................................3Scope of different organisation...................................................................................................3TASK 2............................................................................................................................................4Different types of organisational structure..................................................................................4Relationship between organisation structure and functions to achieve their objectives.............5TASK 3............................................................................................................................................6Macro environmental factors that impact or influence on business operations (PESTLEanalysis).......................................................................................................................................6TASK 4............................................................................................................................................8SWOT analysis to identify strength and weakness and interrelation with opportunities andthreats..........................................................................................................................................8CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
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INTRODUCTIONBusiness environment consist several elements that are playing important role in thebusiness success. For example, customers, competitors, investors, etc. In this regard, businesspromote their results with using different elements at workplace. These factors are beyond thecontrol of enterprise so it creates large impact on its functions and operations. Furthermore, itconsists positive perception which is more important to create proper balancing betweendifferent activities (Gagliardi and Iammarino, 2018).In this context, present report is based on three different types of enterprises such asLego, UNICEF and Bank of England. They all belong to different sectors and operatesuccessfully to attain more desired work performances. All these sectors assists to increasecountry's GDP performance to create benefits for people. For gaining insight information of the present report, it can be stated that it cover types,legal structure, purpose, size, etc. of different businesses. Furthermore, it includes different typesof organisational structure and their relationship with business objectives. Along with this, itconsiders discussion on PESTLE analysis which create impact on enterprise operations. At last,SWOT analysis is included that helps to identify strength and weaknesses from externalenvironment. TASK 1Types of different organisationIn market, there are different types of organisation working to attain their desired resultsand increase profitability as well. In this context, following different types of organisationexplained:Private sector organisation: Private sector organisation are not controlled by governmentand they earn profit with sales to increase extra benefits. For example, Lego is privateenterprise which work to generate more revenue and profitability to compete with otherenterprises (Hassard, Sharp and Malham, 2017). Public sector organisation: Public sector are those enterprises which work and arecontrolled by government. They mainly offer services to each person and are not makingprofit from it. For instance, Bank of England deals in public sector enterprise. They arefunded by government which helps to provide taxes and fees in all citizens as well. 1
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Voluntary sector organisation: Voluntary sector enterprise consist their work to help andbenefit to public without thinking of profitability from it. For instance, certain peoplechoose to work voluntary in charities and not to earn money (Kademoglou, Xu andCollins, 2017). UNICEF deals in voluntary sector enterprise which work for children andmothers. Legal structure of different organisationIn different types of organisation, legal structure is differed so that they are workingaccordingly. Private sector organisation: Private companies not sold their shares in wide public. Inprivate sector enterprise, board of directors have permission to sell their shares.Furthermore, shareholders have limited liabilities so that companies can easily developtheir successful results (Breen, Garvey and Sowter, 2017). Public sector organisation: In the public sector organisation, it can be stated that limitedliability of company adopted that is composed by one or more than one member in it.They provide protection towards personal assets while allowing owner to taxed with soleproprietorship. Operating agreement states what shares of LLC profit and losses receivewith internal arrangement (Types of Business Legal Structures, 2018). Voluntary sector organisation: In voluntary organisation, it can be stated thatcorporation acts as legal entity that exists separately from their owners. While limitingowners form personal liability, it creates more taxation. Corporation must be registeredwith secretary state and cost also associated with its functions (Narooz and Child, 2017). Purposes of different organisationEvery enterprise work for its different purpose. In this regard, following are certainpurposes have been explained that consider by businesses:Private sector organisation: Private sector businesses have purpose to earn more profitsand revenue that allow raise in their extra income. In this consideration, their highamount of money assists to create better value of products and services. Hence, they areable to gain more customers to earn higher profitability. For instance, Lego consider theiroperations to make high amount of money (Chun, Cho and Sosik, 2016). 2
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