Business and Business Environment (DOCX)
Added on 2020-01-07
18 Pages5119 Words185 Views
Business and BusinessEnvironment
INTRODUCTIONBusiness environment is composition of internal and external environmental factors thatimpact on activities. Internal environmental factors are controllable including management ofbusiness operations. While external factors remain beyond control involves political, social, legaland other determinants that affects organization's environment. The present report is based onunderstanding different environmental factors and its influences of Sainsbury. It is well knownpublic limited retail sector company of UK that provides grocery and food items to millionpeople at high level. Through this study, learners are able to understand different sectors'organizations including their size, vision and different legal structure. However, links of variousdepartments to present organizational structure can be determined. Including this, environmentalfactors and their impact on entity's effectiveness is understood through this report. Along withthis, PESTEL and SWOT analysis to recognize strength and weaknesses for business operationsare identified.TASK 1P1 and P2) Different types of organizationsThere are several kinds of organizations that work in different sectors. These are asfollows:-Public limited organizationsPrivate limited companiesVoluntary sector entities.Public sector organization:- Under public limited company, government interferes inbusiness operations. Therefore, business activities related to production and distribution ofproducts and services provided by company is considered under government instructions due tofollowing their rules and regulations. These entities have to follow rules and regulations ofgovernment policies regarding business activities. There are various public limited companiesthat work in different sectors in the UK such as Tesco, Sainsbury, etc. For example: ABC publiclimited company produce a soap. inn this case, production of soap can be done as per the
customers and government. It is a duty of public limited company to give the services to therecustomers and then earns a profit. In this example company should decide and give thepreference of the customers in there production activity.Purpose:-To provide healthy and secured services to publicTo obtain social welfare and aware society related to business operationsTo take advantage of government policies for entity's implementation related to operatingbusiness activitiesTo contribute in country's economic growth and different fieldsVision: - The scope of public limited companies is interrelated to increasing inprofitability of entity and social welfare. However, public limited companies are useful foraccomplishing government projects that impacts on nation's effectiveness. For example: If apublic limited company established as p[er the government rules, then there main objective is toprovide such a product which are beneficial to the society and there welfare.Size:- Public sector organizations are of different sizes including small and large. Incomparison to private limited organization, its size is small. While, in comparison to voluntarysector entity, its scope is large. Legal structure:- There is a lot of government interfere for operating business activitiesin public limited companies. Growth of international business environment:- Public limited organization isdeveloping in the global environment. It is useful for the economic as well as social developmentof nation to improve efficiency in global market.Private sector organization:- Purpose:-To enhance profit earning capacity at a large scaleTo develop market efficiency and attracting a large customer baseTo increase productivity of firm and sustaining valuable position in the market by facingcompetitionTo increase scope of organization through establishing new branches in other countries
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