Business Environment : Assignment Solution
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Added on 2020-12-29
Business Environment : Assignment Solution
Added on 2020-12-29
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BUSINESS AND BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11. Overview with explanation of different types of organizations.........................................12.Each organizations background details, products and services, size, scope and legal structure................................................................................................................................................2Functions of Marks and Spencer............................................................................................4TASK 2............................................................................................................................................6PESTLE analysis ...................................................................................................................6SWOT analysis.......................................................................................................................8Critical reflection of key of finds and their impact on decision making-...............................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness environment is an inherent part of effective and efficient management oforganization, it is set of political, economic and institutional situations and legal that isunmanageable and affects on each functions and activities of company very much (Cohen andKietzmann, 2014). Firm business is influenced by different factors which conjointly form thebusiness environment. Micro and macro both factors impact organizations function andenvironment of business as well as probability and productivity. The present report will discussabout three different types of organizations including its different backgrounds, scope, size andpurpose of business. Moreover, it will also explain organization various functions and itsconnection with the organizational structure. Furthermore, this report clarifies external environment factors that impact onorganization activities by conducting PESTEL. Thus, SWOT analysis identify strength,weakness, opportunities and threats of company. In this study it will also evaluate how thesethings effects decision making procedure of firm. TASK 11. Overview with explanation of different types of organizationsPrivate organizationsPrivate sector are the part of country economic structure that is run by many companiesand individuals, more than through government. For example private sector businesses are firmsand franchises, sole traders and partnership in which their purpose are making money or profit.They only want to develop its business more than another that maximize their sales and increasemarket shares. It is a type of joint stock firm in which their business has different legal structurefrom the owners (Kolk, 2016). Often these organizations are large or small and family runbusiness that are owned by shareholders. According to legal structure each shareholder is the partof business and under any condition they cannot sold their shares to members of common public.For example, Eagle food LTD was a private organization that run their business effectively. Public Limited companiesPublic limited companies security are listed on stock exchange and must be sold andbought by anyone. They are stringently regulated and needed by law to publish its complete andtrue financial place so that investors will be determine actual worth of their shares. In otherwords public limited firm is run their business by Board of directors on behalf shareholder. As1
compare to private limited company, PLC sell their shares on stock exchange to appendage ofcommon public and raise significantly more business than the others. According to the legalstructure they only sale their stocks on exchange in which its prices of shares will then vacillateaccording to investors. For example, Marks and Spencer is a public limited organization thatoperate their business at international level successfully.Voluntary organizationsVoluntary sector work only for the people who need them for making their lives healthyand safe. It is the union of individuals or group of common association who enter into this on thebases of agreements basically as volunteers. They perform independently and have flexibility intheir work, voluntary companies does not work for making profit and performed for welfare ofsociety. In these groups some people are responsible for assuring that they set budgets andtargets and explains what they need to do. For example, Oxfam work internationally within thepurpose of reducing poverty and lift out thrive among people. The only want to give benefit forcommunity and perform regarding it.2.Each organizations background details, products and services, size, scope and legal structureEagle Foods LTD: Eagle Foods LTD is a private limited organization based in Anteonhouse Newark in UK. They provide meat products and lines their business in wholesales of meat.Firm give its high quality product across the globe and trade in poultry, they supply seafood andmeat to self-reliant distributors and wholesalers across Europe and UK. Size, scope, mission, vision and structure of company-They start their retail business by distributing branded rice, soft drinks and flour to otherretailers. Company consistently create innovation in their products in which its experience levelget increase and within these things they will continually expand their goods list more thanothers. Eagle food create bespoke provide chain that is one of the best solutions for small tomedium size dessert shops, chicken shops etc. According to current research 25 employees areworking in the organization and performance within the purpose of developing business moreand more. They are owned by many shareholders in which each of them are equally responsiblefor profit. Each of them have the limited liability for firm debts and before organization will beformed they need to complete number of legal documents that is very important for their2
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