Report on Business and their Purpose - Waitose

Added on - 06 Jun 2020

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Business and BusinessEnvironment
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 and P2 Different types and purposes of organisations with their legal structures, size andscope............................................................................................................................................1TASK 2............................................................................................................................................4P3 Relationship between different organisational functions and the way they link toorganisational objectives and structure.......................................................................................4TASK 3............................................................................................................................................6P4 Identification of positive and negative impact of macro environmental factors on businessoperations using PEST................................................................................................................6TASK 4............................................................................................................................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness is an activity with purpose conducted by single or group of individuals. Mostly,businesses are commercial and profit making and also non-profit making organisations servingpublic. Business environment consists of micros and macro factors that are having impact onbusiness operations. Micro factors are its internal strengths, weaknesses, external opportunitiesand threats. However, macro factors are its environmental, legal, social, political or economicissues related to organisation. This report would give brief overview of how different businessesoperate and their purposes.Waitrose is a British supermarket retailer, forming food retail division in the given sectorwith John Lewis Partnership (Prajogo, 2016). Headquartered in Bracknell, Berkshire, UnitedKingdom having approx. 353 locations in UK.Organisational functions and structure is explained in the report and its internalperformance assessment is conducted by SWOT analysis. Pestle is conducted to evaluate theeffects of macro factors on the organisation.TASK 1P1 and P2 Different types and purposes of organisations with their legal structures, size andscopeBusinesses are attempted for different purposes and started for conducting separateactivities. Broadly there are three types of organisations Public, Voluntary or Private.Public Sector Organisations: -These organisations are owned and run by government of United-kingdom. Taxes,penalties, fees or transfers to government are used as sources of finance such companies.Employees are known as civil servants, departments are headed by secretary of givenstate (Eling and Schaper, 2017). Public sector is part of economy of UK providinggovernmental services to public. Including military, hospital, police, infrastructure, publiceducation etc.These organisations are nearly similar to non-profit making companies as they don't aimto generate revenues, and create wealth for owners.1
Public companies are owned by statutory corporation created under United-Kingdomlaw, they can be with or without share capital. National or Sub-national government ownssuch organisations to the extent legislation provides to control.Federal parliament in UK a statutory corporation created under law and its powers aredetermined by Act of Parliament, who has authority to modify the legislation.Workers in this sector are benefited with high job security, once the probationary periodconcluded government post is permanent appointment.Green Investment Bank is owned and regulated by government of United-kingdomformed for the purpose of providing funds to private sector organisations (Kew andStredwick, 2017). Dedicated towards greening of economy with government funding. Topreserve and improve environment of company.Bank is structured as a public limited company owned by Department for Business,Energy and Industrial Strategy. Head-office is situated in Edinburgh, and its secondaryoffice is situated in London.Purpose of Public Companies:These organisations are formed with the idea of serving publicand making them available all governmental services.Private Sector Organisations: -Organisations owned and run by a person or group of individuals, funded by its ownersand funds raised from public in the form of shares or debentures.These organisations are required to register themselves with Company house and theprocess is called incorporating. No member is personally liable for any kind of expensesor debt to companyTo form a new company in private sector is not very cheap, it has associated expenseswith the procedure for registration with applicable legislation.Members have limited financial liability towards organisation up to the value of shares.Promotions are not easy in private sector; however, vacation entitlements and sick leavesare not difficult here.2
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