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Business and Business Environment Assignment- Skoda

   

Added on  2020-06-06

13 Pages4165 Words56 Views
Business And BusinessEnvironment

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types and purposes of organisations along with their legal structures...................1P2 Size and scope of various kinds of organisations..................................................................4P3 Relationship between organisational functions and their linkage to organisationalobjectives and structure...............................................................................................................5TASK 2............................................................................................................................................7P4 Different external factors which influence positive as well as negative impact on businessoperations....................................................................................................................................7P5 SWOT analysis of Skoda.......................................................................................................8P6 Strengths and weaknesses intercalates with external macro factors....................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11

INTRODUCTIONIt is highly important for all organisation to operate their business activities and practicesas per the environment in which it exists. There are various internal as well external factorswhich can affect organisation and its future growth, so it is highly important for company toconsider all those forces while making important decisions regarding work place. Withoutconsidering business environment and its different factors, no company can lead to high level ofsuccess and growth. In modern world, it has become mandatory for all organisations to maketheir rules, regulations, policies, plans and strategies, only after determining all internal as wellas external factors (Kaplan and Norton, 2017). This project report is based on SKODA AUTOwhich is one of the leading auto mobile manufacturer company. It is a private organisation whichprovides its products and services worldwide. In this report, different types and purposes ofcompany has been determining along with their size and scope. Different organisationalfunctions has been evaluated and it is also determined that how they link to business objectivesand structure. For identifying internal and external factors, SWOT and PESTLE analysis ofSKODA has been conducted.TASK 1P1 Different types and purposes of organisations along with their legal structuresOrganisation is that place in which various individual come and work together foraccomplishing some common goals and objectives. There are various activities and practices areoperated in company so that it can generate high level of profit. Every business enterprise havetheir own goals and objectives for which they operates various functions. Every organisation isdivided into different sector. On the basis of economy sectors are categorised into three partsand these are follows as under: Primary sector: It involves those companies which acquire their resources from nature. In simplewords, organisations which comes under farming, fishing etc. are considered as primary sectorcompanies which depends upon natural environment (Cavalcante, Kesting and Ulhøi, 2011).BHP Billiton is one of the leading company of primary sector. Secondary sector: It involves those companies which acquire their resources from primary sectorfor operating their business activities and services. The traditional building Co. is best exampleof secondary sector. 1

Tertiary sector: It involves those companies which satisfy customer needs and demands byproviding them different types of services, in simple words, this sector involves service providerorganisations. Hence, these are three major sectors which which are based on economy. Apart from this,there are there are other three factors which are follows as under: Private sector: In involves those [privately held companies which establish to accomplish theirgoals and objectives by providing high quality products and services to their customer. In simple,words, this types of company gives its core attention to customer satisfaction because withoutsatisfying their needs and wants it can not survive in market place for long time period. The mainpurpose of privately helps company is to maximise financial profit at any cost. Pret A Manger isgreat example of partnership firm (Blome, Hollos and Paulraj, 2014). Legal structure of private sector are follows as under: Sole trader: This type of company is also known as single proprietorship in which anorganization or form is operate by only one person. In simple words, sole trader is onlyperson who controls and monitor all the activities of his company. Biggest advantage ofsingle proprietorship is that one single owner do not have to take permission of others formaking any important decision regarding work place. CLT Accounting services Ltd. Isone of the leading sole trader company. Partnership: It is that kind of company which have more than two owners. In this type ofcompany, while making important decisions it becomes important or them to takepermission of other partners. In simple words, one partner can not take all the importantdecisions regarding work place, which is biggest disadvantage of partnership firm. Butthere is huge advantage of this company is well because in case of organisational lose allpartners equally divides that lose. Franchising: It is that form of business through which franchisor of a product, serviceand business gives right to other person to use his business model. Also, it is goodmethod of increasing liability of chain. Subway, Domino's etc. are great example offranchising firm. Public limited company: It is that organisation which is private in nature but offer itsshares to other organisation or people. It takes help of stock market so that it can easily2

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