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Business and Business Environment - Arcadia Group

Assignment on Business and the Business Environment

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Added on  2021-02-21

Business and Business Environment - Arcadia Group

Assignment on Business and the Business Environment

   Added on 2021-02-21

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Business and Business Environment
Business and Business Environment - Arcadia Group_1
INTRODUCTION .......................................................................................................... 3
TASK 1 ....................................................................................................................... 3
P1............................................................................................................................ 3
P2 ........................................................................................................................... 7
TASK 2........................................................................................................................ 9
P3 ........................................................................................................................... 9
TASK 3...................................................................................................................... 10
P4 PESTLE Analysis ............................................................................................... 10
TASK 4 ..................................................................................................................... 13
P5 ......................................................................................................................... 13
P6 ......................................................................................................................... 14
CONCLUSION ........................................................................................................... 15
REFERNCES .............................................................................................................. 16
Business and Business Environment - Arcadia Group_2
INTRODUCTION
Business Environment aggregates of all forces, factors and institutions which are external
to and beyond control of an individual business firm but which exercise a significant influence
on the functioning and growth of enterprises. Additionally, it has direct impact over organization
decision making which impact positively or negatively over firm’s productivity and profitability
(Shenkar, Luo and Chi, 2014). Moreover, it enable establishment to identify or examine its
strength and weakness in order to adopt challenges or threat that helps them to attain sustainable
proficiency and growth. This report is based on Arcadia Group that is one of the leading
retaining company established in the year of 2002. It deals into clothing, accessories, and shoes
with more than 2500 outlets across UK. This report covers, different kinds of organization along
with their legal structure, size, scope, purpose, interrelationship between various business
function. Implication of PESTLE and SWOT analysis for analyzing internal and external macro
environment.
TASK 1
P1
An enterprise is a process of dividing work into convenient tasks or duties, of grouping
such duties in the firm of posts of delegating authority to each position and of appointing
qualified manpower to be responsible that the work is carried out as planned in order to
accomplish common goal or objective. Along with this, every organization contains its own
purpose and legal structure which enable them to monitor or govern its business operation and
function for an attainment of high level of profitability in an appropriate manner. However,
setting up legal structure is one of the first decision during establishing a company as it defines
the way business is organized as well as allow them to determine legal obligation and can gain
better positioning within competitive marketplace. There are different kinds of organization with
its purpose and legal structure which are as follows:
Private
They are legally distinct entities with their own assets, profits and liabilities, along with
this personal finances of any shareholders are protected by limited liability. Moreover, its shares
are not offer to general public. Apart from this, its main motive behind establishment is to
Business and Business Environment - Arcadia Group_3
maximize its profit as well as to earn profit in order to gain competitive advantage and also to
survive within marketplace for a longer period of time. The few examples of private firm are
designers, developers, retail, legal services, accounting and many more which work for
maximizing the profit with an optimum utilization of resources in an trenchant and expeditious
way. For acquiring deeper understanding of this concept, Arcadia Group is considered as it one
of the branded retailing company in UK which operate across the globe with a high and best
quality of products and services.
Purpose
The core goal of Arcadia Group is to become the first and best choice of customer by
rendering high quality of products and services in an affordable price.
Legal Structure
However, Arcadia some of the legal structure of Arcadia Group are as follows:
Sole Proprietorship: It is regarded as simplest structure in which it consist an individual
personality who is responsible for entire business operation and function as well as obliged to
take all gain and loss by its own. Some of its advantage and disadvantage are as follows:
Strength Weakness
One of its main advantage is that it can
easily be formed by any person and the
owner has complete authority to deal
with the affairs of business.
It contain unlimited liability which
bring several difficulties like in case of
creditors against business exceeded,
then the personal property of owner are
taken to pay their debts.
Partnership: Under this, business entity or ownership is divided among two parties who
come together with mentality to share all risk, responsibilities, profit and loss equally in order to
achieve organization common goal in an effective and efficient way (Prajogo, 2016). Some of its
advantages and disadvantages are given below:
Pros Cros
Business and Business Environment - Arcadia Group_4

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