Business and business Environment : Jack Cohen
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Added on 2021-02-19
Business and business Environment : Jack Cohen
Added on 2021-02-19
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Business and business Environment
Table of ContentsINTRODUCTION...........................................................................................................................3L O 1................................................................................................................................................3P1) Types and purposes of organizations...............................................................................3P2) Size and importance of different types of organizations.................................................5L O 2................................................................................................................................................6P3) Relationship between various functions of the organization...........................................6L O 3................................................................................................................................................8P4) Impact of the macro environment....................................................................................8LO4................................................................................................................................................10P5) Internal and external analysis of organization...............................................................10P6) Interrelationship between macro and micro environment.............................................11CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................13
INTRODUCTIONBusiness refers to the process of developing products or offering the services to thecustomers with an aim of maximizing the revenue and profits. Business environment refers to theenvironment that consists of internal as well as external factors that directly or indirectly impactsthe operations of the business. Micro environment involves factors inside the firm and macroenvironment includes factors that exists outside the company. Example – government rules andregulations, demand of customer's, competition in the market, changes in technology etc. TheReport is based on Tesco Plc. Tesco is a multinational retail company that belongs to RetailIndustry of UK. Firm was founded by Jack Cohen in year 1919. Headquarter of Tesco is locatedin England, UK. It offers a wide range of products and services to the customers. Tesco operatesa chain of convenience shops, Supermarkets, Superstores and Hypermarkets in various countrieslike Poland Thailand, Hungary etc. It also controls various subsidiaries like Tesco Bank, TescoStores Ltd., Booker Group etc. The Report will explain various types of firms, their size andimportance, relationship between different departments of organization. Further, it will describethe impact of macro and micro environment on the business and the relationship betweenstrengths, weakness and macro environment factors.MAIN BODYL O 1P1) Types and purposes of organizations.Organisation can be referred to as group of people working together for achieving sameobjectives. The different types of enterprises can be categorized into following these are public,private and voluntary. Each and every business venture have unique legal structure and areestablished for accomplishing specific objectives. Private organization can further categorize intofollowing these are sole proprietorship, partnership as well as corporative enterprise (Begg, Vander Woerd and Levy, 2018). Sole proprietorship is recognized to be as a firm which is owned aswell as managed by an individual. Partnership firm is owned, controlled as well as managed bytwo or more people. Corporative firm is a type of organization in which people are provided withan authority to act as single entity. Example of private, public and voluntary enterprises are :Lego: It is a private enterprise which sells plastic toys. An organization is located in Denmark.
Bank of England :It is basically a central bank located ion England. Business entity wasfounded in july 24 and in year 1694. Bank of England is basically a public enterprise. Businessoperation of firm is controlled as well as managed by Treasury Solicitor. An organization offerfinancial services and support to people. Headquarter of enterprises is located in London. Thisbank controls as well as manage the business activities of other small banks. Business entity hascapital reserves of 403 billion £. It is among one of the oldest Central bank in the world. Bank ofEngland is basically independent public firm (Chaskin and Greenberg,2015.). In addition to this,an organization has an authority to develop their own monetary policy. It is bank which issuescurrency or notes. Bank of England distribute money among other small bank in the country.UNICEF: It is also recognized to be as United nation children emergency fund. UNICEF isvoluntary firm which was established in year 1946. It is the business venture which is establishedwith the objective of providing the welfare to children s as well as women.Basis LegoBank of England UNICEFTypePrivatePublicVoluntary or fundIntentionLego is a privateenterprise whichmanufactures as wellas sells plastic toy. The key purpose of anorganisation is to earnhigh profit as well asrevenue.The main objectiveof this enterprise is tobring economicstability in thecountry. Intention ofVolauntaryorganisation is toprovide food as wellas health care relatedservices to women aswell as children.Legal structureLego comprisesgroup of twelvepeople in executiveleadership team. It isthe team which ismainly responsible forformulation as well asThere are basicallyfive executivedirectors those whoare accountable formaking importantbusiness decisions. These firm consists of36 members workingat executive boardwho are mainlyresponsible fordirecting as well ascontrolling business.
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