Business Environment Analysis
Added on 2020-10-22
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BUSINESS ANDBUSINESS ENVIRONMENT
ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types and purposes of the organizations............................................................1P2 Size and scope of different types of organisations............................................................2TASK 2............................................................................................................................................3P3 Relationship between different types of organisational functions and link to the objectives................................................................................................................................................3TASK 3............................................................................................................................................4P4 Positive and negative impacts on macro environment upon business operations.............4TASK 4............................................................................................................................................7P5 Internal and external analysis of specific organisations....................................................7P6 Strengths and weaknesses interrelate with external macros factors..................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONBusiness environment is sum of total of all external and internal factors that are outsidethe control of a business. It is affected to the business's performance and sustainability that aredepends on the company (Apăvăloaie, 2014). The business environment can included elementslike as improvement in technology, clients and suppliers, laws and government activities, itscompetition and owners, social and economic trends. In the context selected the company TescoPLC, together with its subsidiaries, operates as a grocery retailer. The company also providesinsurance service and retail banking. It has operations in the United Kingdom, Thailand, Poland,Slovakia and Malaysia.In this report covers Different types, size and scope of the organization, identify theinterrelationship of various functions of organisation context and link to structure oforganisations. Define positive and negative impact on macro environments of businessoperations. Determinate the internal strength and weakness of specific business to explain ofinterrelationship with external macro factors. TASK 1P1 Different types and purposes of the organizationsAn Organisations is an entity comprising by aggregate people, such as an association, aninstitution that has a particular purpose. There are variety of legal types of organisations, are asfollows - Public company – It is a business whose stocks can be freely traded on a stock exchange or overthe counter. The stocks of this type company related to members of the pensions funds as well asgeneral public and other large investing organizations (Armstrong and et. al., 2015). A publiccompany contracts with a private company that is not listed in stock exchange. Mainly this typeof company regulated by government and also control. For example – National health services, isthe publicly healthcare system for England. It is the biggest single money handler healthcaresystem in the world, that are funded through the general taxation system and overseen by thedepartment of health. Purpose – The purpose of the NHS is provide medical facility and comprehensive rangeof services. It is fulfil to services of individuals patients and their families and their carers. 1
Private company – A private company is different from a public company that are not traded instock exchange like that Newyork stock exchange, American stock exchange and Nasdaq. It isthe private firm that are regulated and controlled by private individuals (Baesens and et. al.,2014). This company shares are offered, owned and traded in privately because they are notinvited to public for theses activities. For example – Tesco PLC is private company based on UKthat are retail store providing banking and insurance services. The company serves its customersthrough 6809 stores as well as online. Tesco PLC was founded in 1919 and is based in Welwyngarden city, the United Kingdom. Purpose – Tesco PLC wants to be champion for customers and helping them to enjoybetter quality of life and an easily way of living. Voluntary sectors – In this including that companies are relating to community sector, isthe duty to provide social activity that are undertaken by organizations. These sectors called nonprofit, non governmental and third sectors. For example – Amnesty international, is Londonbased non governmental organizations that are focused on human rights of the organization.They have more than 7 million for claim on the members and supports aver all the world. Purpose – They have to develop a campaign to a world which every persons enjoys all thehuman rights and other international instruments (Bah and Fang, 2015). Legal Structure of Tesco PLC – Tesco is a large company would have legal structure to makesure that business is operative correctly. One legal structure of Tesco describe as corporategovernance. The people in this sector deal with shareholders of the company. It is make sureTesco is achieving the strategies that the shareholders want them to achieve. The legal services deal with any business legal matter that Tesco would have to deal with.The licensing team makes sure that every store has alcohol license and to make sure that it islegal. P2 Size and scope of different types of organisationsAccording to different types of the organizations so they have different size and scopes ofthe organization, they are as follows - National health services (Public sector) – Size of national health service is world'sbiggest employers and compiling a list of the top 10, the NHS revealed to be the fifth largestwith 1.7 million workers across England, Wales, Scotland and northern Ireland. McDonald'smake it into fourth position with 1.9 million employees. 2
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