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Business and Business Environment Assignment: Barclays Bank

   

Added on  2020-06-05

17 Pages5432 Words56 Views
Business and BusinessEnvironment

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types an purpose of organizations..........................................................................1P2 Size and scope of a range of different types of organizations...............................................4TASK 2............................................................................................................................................6P3 Relationship between different organizational functions......................................................6TASK 3............................................................................................................................................8P4 Positive and negative impacts of micro environment has upon business operations............8TASK 4..........................................................................................................................................11P5 Internal and external analysis of specific organizations in order to identify strength andweaknesses................................................................................................................................11P6 How strength and weaknesses interrelated with external macro factors.............................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14

INTRODUCTIONBusiness environment defines an effective combination of internal and external factorswhich directly affect the organization’s activities. It includes competitors, customers,government, legal, social and many more factors which are considered in organizational processin order to attain better results. Basically, it is a significant activity which directly influencesoperational situation of company (Business Environment, 2017). In this, both internal andexternal factors impact on the overall growth of firm in a positive and negative manner. Presentreport is based on Barclays's Bank which is a British multinational bank that provides financialservices to their customers. They operate their offices in various locations. It involves variousactivities their operational process such as commercial banking, financial products, investmentbanking and many more. This report discussed about various types of organizations and theirpurposes which help in determining the actual structure of company. It also defined relationshipamong all the organizational functions. Along with this, internal and external factors of thebusiness are also mentioned in this assignment. At the end of project, strengths and weaknessesand their interrelation with external micro factors are also mentioned. TASK 1P1 Different types an purpose of organizationsEvery business is having their own purpose and target in which they set objectives forimproving their performance level in the market. In this, various business organizations operatetheir enterprise in order to attain higher profitability which leads in developing its growth inmarket. All these firms try to offer high quality services to their potential customers in order tofulfil the needs in the most effective manner (Becker, Kugeler and Rosemann, 2013). The mainmotive and purpose of every organization is totally different form each other because every firmwants to expand their business at the global level and they operate operational activitiesaccordingly . In this context, there are various businesses which exist in the market place andoperate their process in order to gain better success. There are three types of organizations whichdiffer from each other such as private, public and voluntary organization. All are as follows:ComparisonProfit organizationNon-profitOrganizationNGOMeaningThese types ofThese types ofThese types of1

business organizationsoperate their businessto earn moreprofitability in themarket. For this, theyoffer new andinnovative services totheir customers inorder to attract themtowards the productsand services.organisations operatetheir business forserving qualityservices to society inorder to satisfy theirneeds in the mosteffective manner. organizations operatetheir business forproviding beneficialservices to theircustomers. Mainly,they work forimprovingthesociety’s status andalso, promote socialwelfare. MotiveThe main purpose ofthese types oforganizations is toearn profits.These type of businessprovide quality as wellas effective services totheir customers. Main aim of theseorganizations is topromote social welfareand useful thingswhich helps inenhancingthesatisfaction of society.Operations areaThese types ofbusinesses can belarge and limited.These organizationsare limited.These are largecompanies in themarket. Along with this, all three organizations are having their specific purpose in market whichleads to gain better benefits.Private Organization:These types of business organizations operate their business for attaining higherprofitability by delivering quality services in front of its customers. In today's modern era, thesetypes of businesses easily expand their enterprise at global level for gaining higher revenue. Inthis, they issue their shared but they cannot trade in public. In the UK, various private companiesfocus on producing their products to fulfil customer’s demand on the basis of their preferences.In this sector, government’s role does not exist (Blanchard, Tolbert and Mencken, 2011). In this2

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