Business and Business Environment TABLE OF CONTENTS INTRODUCTION
Added on 2020-06-05
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Business DevelopmentFinance
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BUSINESS AND BUSINESSENVIRONMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P 1- Explaining different types and purposes of organisation....................................................3P 2- Explaining size and scopes of different types of organisations...........................................5M 1- Link of structure, size and scope of different organisations with business objectives andproduct and services offered by them.........................................................................................7TASK 2............................................................................................................................................8P 3- Explaining relationship between different organisational functions and their link withobjectives and structure organisation..........................................................................................8M 2- Analysing advantages and disadvantages of interrelationships between organisationalfunctions and the impact that can have upon organisational structure........................................9D 1- Analysing complexities of different types of business structures and theinterrelationships of different organisational functions..............................................................9TASK 3..........................................................................................................................................10P 4- Identifying the positive and negative impacts the macro environment has upon businessoperations..................................................................................................................................10M 3- Applying PESTLE model to analyse the macro environment.........................................10TASK 4..........................................................................................................................................11P 5- Conducting internal and external analysis to identify strengths and weaknesses oforganisation...............................................................................................................................11P 6- Explaining how strengths and weaknesses interrelate with external macro factors oforganisation...............................................................................................................................13M 4- Applying SWOT analysis and justifying how they influence decision making..............14D 2- Critically evaluating the impacts that both macro and micro factors have upon businessobjectives and decision making................................................................................................15CONCLUSION..............................................................................................................................15REFERENCES .............................................................................................................................16
INTRODUCTIONOrganisations are that in which work are in the direction of earning profits andreinvesting them in making their business operations better. Members of sectors work bycoordinating with each other to achieve company's desired and targeted goals and objectives.Barclays is a world's leading and the most respected international bank. It provides manyservices to their customers like commercial banking, investment banking etc. They havephilosophy to give importance to values and principles in all aspects of everyday living. Thisreport includes about different types of organisation which also differs from each other by theirsize, scope, legal structure and objectives (Sørensen, 2012). Two types of organisations structurethat Barclays business clients might have are analysed. Relationship between differentorganisational functions and their link with company's objectives and structure is discussed.Positive and negative impacts of macro environment on the firm operations are demonstrated.Strengths and weaknesses of businesses and their relationship with external macro factors areexplained. Impact of macro and micro factor may have upon company objectives and decisionmaking are also discussed.TASK 1P 1- Explaining different types and purposes of organisation.Organisations are that in which all the members work together for common objectivesand goals. Businesses are of different types which differs from each other by their purposes.They work in the direction of achieving their firms objectives according to their businessoperations and purposes.Different types of organisations and their purposesSole trader- In this business is started by the single person. That person is the sole ownerof the sector. All the decision for the firm are taken by sole owner. He/she singleheadedly manages all the business operations of the firm. Sole trader have the advantagethat profits of the firm are enjoyed by them only (Teece, 2010). They did not have toshare their profits. They generally start at a small level and becomes big by hard work theowner. Sole trader have disadvantage that he/she has to individually bear the losses whichoccurs in firm. Sole proprietor has to take full responsibility of taken risks in the
company. Rogela Accounting Services is the sole trader in UK which provide accountingservices to their clients. This firm operates in the tertiary sector of the country.Partnerships- In these organisations two or more person become partners and worktogether for the common goals and objectives. These all the partners invest some amountof capital in the company as decided by mutual understanding between the partners. Theyall make decisions about the firm by consulting with each other. Partnership firm has theadvantage of sharing the losses which can occur in journey of the firm. All the partnersare responsible for the losses they suffer. They did not have to assume the responsibilityindividually. Organisation of partnership has disadvantage of raising conflicts. Partnersnot happy with suggestions of other partners can raise problems and conflicts betweenthem. Health and Well is a partnership firm in UK which works in the direction ofproviding health related products to their customers (Aterido, Hallward-Driemeier andPagés, 2011). They are working in primary sector because they directly makes productsfrom the raw materials received from the supplier.Private organisation- These types of organisations are profitable which work in thedirection of making profits. Private sectors are owned by single person or some privatefirm. They provide quality products and services to their customers by bringinginnovation in the business operation of company. Private organisation have advantage toreuse their profits in further development of the firm. On the other hand they also havedisadvantage of needing large amount of capital to be invested in their organisation. Theygenerally start at a small level and needs high amount of profits to grow in the market andincrease their share. Mark and Spencer is the type of private organisation in the retailindustry of UK. They are working in primary sector of the country.Public organisations- Public organisations are owned and run by the government of thecountry. They work in the direction of providing product and services to public whichwill be helpful for them. They do not want profits. These organisation works by the taxeswhich government receives from the people. Public organisation have the advantage tooperate at high level because they are handled by the government and have right amountof capital to be invested in the sector (Chavis, Klapper, and Love, 2011). On the otherhand they also have disadvantage of giving poor quality services to the public. Police
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