Business and Business Environment of H&M : Assignment

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Added on 2020-10-05

Business and Business Environment of H&M : Assignment

Added on 2020-10-05

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Business and BusinessEnvironment

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1LO ...................................................................................................................................................1P1 Different types of organization, its purpose and legal structure ......................................1P2 Size and scope of different organization ..........................................................................2M 1 Different types of organizations, its size and structure link to business objectives andproducts and services offered by company ...........................................................................3CONCLUSION ...............................................................................................................................5REFERENCES ...............................................................................................................................6

Business and Business Environment of H&M : Assignment_2

INTRODUCTIONBusiness Environment is the collection of all individuals, companies and other factors. Itis total of all outside and inside factors that effect business (Menychtas and et.al., 2015). Theseelements also affects on performance, profits, growth etc. This report will explain different typesof organization, its purposes and legal structure. It will state size and scope of variousorganization. It will analysis size, scope and structure of different organizations link with theobjectives of business. LO P1 Different types of organization, its purpose and legal structure Private Organization: H&M H&M is the Swedish multinational fast fashion retail company which operates in numberclothings for men, women and children in the worldwide. Firm create affordable luxury,distinctive and real life fashion for each occasion on daily basis. Purpose: The purpose of H&M is to become designer brand of high street. Therefore,firm focus on increasing outlets and offering the best vegetables, fruits and so on. Legal Structure:The H&M is private company. Private limited companies are small andfamily run businesses that are owned by shareholder (Legal Structure of Private Limitedcompany, 2018). Firm need to register at company house, design an organizational name,acquired stamp from office and so on. Public Organization: HSBC HSBC is the British multinational banking and financial services holding company. It is7th largest bank in the global. Firm is organized with four business groups such as commercial,global, investment and retail banking. Purpose:The purpose of HSBC is to be growth is allowing business to expand andeconomies to prosper and ultimately assisting public to fulfil their expectation and gain theiraspirations. Legal Structure: HSBC is public limited company. It is limited liability company whoseshare freely sold and traded to public with minimum share capital of £50000 (Talesh, 2014).Voluntary Organization: Cancer Research UK1

Business and Business Environment of H&M : Assignment_3

Cancer Research UK is the cancer study and awareness charity in the UK. It is the worldlargest independent cancer research charity that conducts study into prevention and treatment ofthe diseases. Purpose: The aim is to decrease the number of deaths from cancer. Firm focus onincreasing awareness of disease and effecting public policy. Legal Structure:Cancer Research is charitable or non-profit organization that purpose isto social health. Firm is formed by merger of Cancer Research Campaign and Imperial CancerResearch Fund. Organization work is almost wholly funded by public. Difference between limited and non-limited liability company Basis Limited Liability Non-limited liability Meaning It is the primary structure ofbusiness in which limitedpersons are operated company.It is structure in whichmultiple persons operatesbusiness. Liability There is limited liability ofpeople in the business. There are unlimited liability ofpersons in the organization. Example For example: River Island. For example: Land Rover. P2 Size and scope of different organization Private Organization: H&M Size: Company has over 4500 stores in 62 nations and 1,32,000 employees are workingin it. Firm direct is to provide services to almost each and every single person. The companyconsist of five single brands with apart concepts such as collection of style, ARKET, FaBricScandinavien AB, Cheap Monkey and Monki. Scope: The scope of H&M is promoted fashion through street services in relation toattract more and more consumer in front of their product and services (Rahman and et.al., 2016).The H&M has important on-line presences with online shopping available in 33 nations. Vision and Mission: To provide the hottest new looks for consumers as well asincreasing their experience. Public Organization: HSBC Size: Bank has around 3900 offices in 67 nations and approximately 38 millionconsumers. The total number of 228687 employees work in the organization. Firm is giving2

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