Business Environment and Models Analysis

The assignment requires students to analyze various sources related to business environments and models. The sources include academic articles, patents, books, and journals from reputable databases. Students must critically evaluate these sources to identify key concepts, trends, and relationships between business models and their environments. The report should provide a detailed overview of the importance of business models in today's economy, including their impact on firm performance, innovation, and competitiveness.

Business and
Business
Environment

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Different types of business and its purpose ......................................................................1
P2 Size and scope of different organisation...........................................................................3
TASK 2............................................................................................................................................4
P3 Explaining relationship between different organisation functions...................................4
TASK 3............................................................................................................................................6
Covered in PPT.......................................................................................................................6
CONCLUSION................................................................................................................................6
.........................................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business environment is an aggregate of all conditions, events and influences that are
surrounded and affect business. It basically determines types of business that it will be successful
within emerging environment. It means that how all internal and external factors affect a
particular organisation in functioning, performance and decision making of a business. Such as
functioning of different departments, employees, customer, management, supply and demand
and business regulation(Cantwell and et. al., 2010).In this report organisation chosen are Mark &
Spencer (Private), National Health service (public) and Child care ( voluntary). This report is
going to analyse the size and scope of respective organisation. Analysing interrelationship of
various function with an organisation, connected with each other in organisation. Moreover,
determining both positive and negative impact that influences on macro environment business
operation. Further, identifying the internal strength and weakness of different organisation, their
interrelationship with external macro factors of environment.
TASK 1
P1 Different types of business and its purpose
The concept of business has raised out of a very basic and obvious of everyday fact in
world. Every human beings needs different types of goods and services in their course off living
standard. Moreover, its purpose are such business activities to earn money by meeting people's
demand for goods and services.
Public sector: Public sector is usually comprised of organisation that are owned and operated by
government and exist to provide services for citizens. Funding of public sector services are
raised through variety of methods, including taxes, fees and through financial transfers from
other levels of government (Carroll and Shabana, 2010) For example: National Health
Service( NHS), as name suggest it is a public health services in United Kingdom.
Legal structure: The primary legal structure of NHS namely to arrange a provision of
wide range of health services. Such as to meet necessary and responsible reasonable
requirements of a person to whom it has responsibility.
Local government: A local government will typically only have control over their
specific geographic region, and cannot pass or enforce laws that will affect a wider area. Local
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authorities have always an important role in public health. They are responsible for many
services and its impact on health and well-being of local population.
State government: A state government is a unit of government that specifically makes
and enforce laws for a state. Typically, they are responsible for administering to local needs of an
area, with reserved powers, specific powers and responsibilities are usually laid out in state
constitution.
Central government: A central government is the government that holds absolute
supremacy over a unitary state (Cavusgil and et. al., 2014) Basically, central government has
power to make laws for whole country, in contrast with local and state government.
Stakeholder of NHS: Academy for health science(AHCS), National school of
healthcare science( NSHCS), North west healthcare science network and Heath science
professional bodies etc..
Private Sector: A private limited company, is a part of country's economic system that is run by
an individual rather than government. For example: Mark & Spencer, it a British multinational
private retailer company. It is specialising in selling of clothing, home products and luxury food
products.
Legal structure: Mark & Spencer follows a flat organisation structure, has limited levels
of management between administrative level and front line employees. They follow this structure
to encourage employees in more decision making process.
Sole trader: A sole trader is simplest form of business structure and relatively easy and
inexpensive to set up (Chavis, Klapper and Love,2011) They are legally responsible for all
aspect of business. Generally, make decision about staring their own business and retain
complete control of assets and business decision.
Partnership: A partnership is a formal arrangements in which two or more parties
cooperates to manage and operate a business. In which all partners might share liabilities and
profits equally or some of them have limited liabilities.
Stakeholder of Mark & Spencer: The main stakeholders are customers, owners,
employees ans internal and external stakeholders.
Voluntary association: A voluntary association or union of group of individuals who
voluntarily enter into a agreement to work together for a specific social purpose. For example:
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Child care is supported by combination of rights at work, public sector provision and private
companies.
Legal structure: Its legal structure is determined from outsets as it donates in law
responsible for all manner of legal transaction (Chesbrough, 2010) Moreover, they takes on
responsibility of debts and specially working for welfare of general public.
Trustee: A natural or legal person to whom property is legally committed to be
administered for benefit of beneficiary for charitable purpose.
Charity: A charity is an organisation which raise money in order to help people who are
sick, poor or have disability. It is also a system of giving money, food or help those who are in
need and providing money or helping it out by providing certain facilities.
Stakeholder of voluntary association: Stakeholder of voluntary association are
employees, its members, investors and grant market lenders, local community, beneficiaries and
local authority.
P2 Size and scope of different organisation
Mark & Spencer
Mark & Spencer is one of UK's leading retailers with over 21 million customer. They are
selling high quality, great value clothing and home products and outstanding food quality.
Size: Mark & Spencer has begun a trail scheme to increase size of its foods halls and cut
back it space to devote a fashionable clothing and is sales continue to slump.
Mission: It mission is to make aspirational quality accessible to all its customer. Its main
motive to provide good quality of product for the penny.
Vision: Its vision to experience and expertise its quality and regain leadership by meeting
changing needs of customer and improving its competitiveness.
Scope: Mark & Spencer geographical scope ranges from United Kingdom to varied other
international market with more than 35,000 product line.
National Health services
National Health Services England is treated as world's largest health service that is
publicly funded (Chow and et. al., 2011) It has come up with idea that good heath care should be
available to all, irrespective of wealth, class, age and other issues.
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Size: National Health Services is sizing up world's biggest employers in health service
industry. They are managed by acute trusts to manage and operate hospitals on more than one
region.
Mission: Its mission is to provide care and services that an individual and its family want
to use.
Vision: Enabling people to live healthier and more independent lives through high
quality seamless care.
Scope: To develop core staff values with high quality, safe care with compassion.
Respect is patients and colleagues and listing their problems and communicating clearly.
Child Care
Child care in United kingdom is supported of rights at works, public sector provision and
private companies. It is usually taken up by parents, more often mother who takes leave from
employment.
Size: The value and size of UK's child care market has continued to grow, fuelled by
expansion and increase interest from overseas investors and providers.
Mission: Its mission is to operate best and most successful day nursery schools and by
developing educational resources that parents and educators value.
Vision: Its vision is raising a child is greatest personal responsibility anyone ever has,
supporting parents and helping children to develop. One of the most important role within
society and to provide most rewarding career.
Scope: Its scope to endure and shape in such a manner that is beneficial for a child for
rest of its lives. It is a privilege to be trusted to be part of child's life at every stage.
TASK 2
P3 Explaining relationship between different organisation functions
An organisational structure is defined as a system that outlines certain activities are
directed in order to achieve goals of an organisation (Commander and Svejnar, 2011)
Organisation need efficient, flexible, innovative and caring in order to achieve a sustainable
competitive advantage. There are functional department in an organisation and they are
interconnected with each other.
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Finance department: Finance department is important part of an organisation that
manages money. It typically include planning, organizing, auditing, accounting for controlling
its company's finances (Wild, Wild and Han, 2014) the finance department of Mark & Spencer is
interconnected with marketing department. Eventually, both terms are working for same goals.
Marketing department of Mark & Spencer assume all creatives types to market their product.
While finance people are concerned about price of product and generating sales and revenue.
Marketing people are just as essential to a company as financial people of an organisation.
Marketing department: A marketing department promotes a business and drive sales of
its product and services. It provides necessary research to identify potential customer, analysing
needs wants as well as demand of product among customer (Drucker, 2017) The marketing
department of Mark & Spencer are keenly monitoring its potential customer, their needs and
demand in product and services. For this purpose mangers of Mark & Spencer are connected
with both human resource and finance department. Without finance they will not able to do
market research and from this research they will able to set price of their product. Moreover,
human resource department work together to bring efficiency in brand loyalty. Attracting bright
talents and becoming more challenging, especially across in leading business sectors.
Human resource department: A human resource department is a critical component of
employees well-being in an organisation. This department are responsible for hiring , recruiting
and selecting right candidate foe right job and keeping up to date record of salary and wages of
each employee in organisation (Gecevska and et. al., 2010) The human resource department and
finance department of Mark & Spencer are interconnected with each other. Such human resource
managers keep up to date record of each employees work and with help of finance mangers they
pay their salary to their employees. Moreover, human resource managers of Mark & Spencer
plays an important role in hiring right candidate so that it is helpful for both finance and
marketing department of respective organisation.
From above discussion it has been concluded that finance, human resource and marketing
department of Mark & Spencer are interconnected with each other. Each department is necessary
for gaining competitive advantage in market and fulfilling its goals and objectives.
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TASK 3
Covered in PPT
CONCLUSION
From the above assignment it has been discussed that business environment is dynamic in
nature and it get modify because of several external as well as internal factors. Moreover it
involve macro (political, technology, social and cultural forces) and micro (customers,
competitors, suppliers and general public ) factors. All these changes effect organisations in
negative and positive both manner. It is important for Mark & Spenser to identify these factors
for internal SWOT is best whereas, for external elements analysis PESTEL is conducted. Apart
from this, every organisation have several functions which are interlinked with each other and by
their interrelation work can be done in effective manner. Thus, it is important to know size and
scope of an organisation, its legal structure where they are operating to attain competitive
advantage in market scenario. It do have positive and negative impact on macro environment
business as well as there are some internal and external weakness that are interrelated with
external macro factors.
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REFERENCES
Books and Journals
Cantwell, J. and et. al., 2010. An evolutionary approach to understanding international business
activity: The co-evolution of MNEs and the institutional environment. Journal of
International Business Studies. 41(4). pp.567-586.
Carroll, A. B. and Shabana, K. M., 2010. The business case for corporate social responsibility: A
review of concepts, research and practice. International journal of management reviews.
12(1). pp.85-105.
Cavusgil, S. T., and et. al., 2014. International business. Pearson Australia.
Chavis, L. W., Klapper, L. F. and Love, I., 2011. The impact of the business environment on
young firm financing. The world bank economic review. 25(3). pp.486-507.
Chesbrough, H., 2010. Business model innovation: opportunities and barriers. Long range
planning. 43(2). pp.354-363.
Chow, A. T., and et. al., 2011. Broadband network with enterprise wireless communication
system for residential and business environment. U.S. Patent 7,944,948.
Commander, S. and Svejnar, J., 2011. Business environment, exports, ownership, and firm
performance. The Review of Economics and Statistics. 93(1). pp.309-337.
Drucker, P. F., 2017. The Theory of the Business (Harvard Business Review Classics). Harvard
Business Press.
Gecevska, V., and et. al., 2010. Product lifecycle management through innovative and
competitive business environment. Journal of Industrial Engineering and Management.
3(2). pp.323-336.
Iskanius, P., and et. al., 2010. The traditional industry sector in the changing business
environment–a case study of the Finnish steel product industry. International Journal of
Electronic Customer Relationship Management. 4(4). pp.395-414.
Klapper, L., Lewin, A. and Delgado, J. M. Q., 2011. The impact of the business environment on
the business creation process. In Entrepreneurship and Economic Development (pp.
108-123). Palgrave Macmillan UK.
Osterwalder, A. and Pigneur, Y., 2010. Business model generation: a handbook for visionaries,
game changers, and challengers. John Wiley & Sons.
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Storey, D. J. and Greene, F.J., 2010. Small business and entrepreneurship. Financial
Times/Prentice Hall.
Teece, D.J., 2010. Business models, business strategy and innovation. Long range planning.
43(2). pp.172-194.
Trkman, P., 2010. The critical success factors of business process management. International
journal of information management. 30(2) pp.125-134.
Welford, R., 2013. Hijacking environmentalism: Corporate responses to sustainable
development. Routledge.
Wild, J. J., Wild, K. L. and Han, J. C., 2014. International business. Pearson Education
Limited.Osterwalder, A. and Pigneur, Y., 2010. Business model generation: a handbook
for visionaries, game changers, and challengers. John Wiley & Sons.
Wirtz, B. W., Schilke, O. and Ullrich, S., 2010. Strategic development of business models:
implications of the Web 2.0 for creating value on the internet. Long range planning.
43(2). pp.272-290.
Zott, C., Amit, R. and Massa, L., 2011. The business model: recent developments and future
research. Journal of management. 37(4). pp.1019-1042.
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