Business and Business Environment - P1 Types, Purpose
Added on 2020-10-22
14 Pages4282 Words330 Views
Business and BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Types, purpose and legal structure of an organisation...........................................................3P2 Size and scope of different types of organization ................................................................4P3 Relationship and link between different organizational functions .......................................7TASK 2............................................................................................................................................8P4 Positive and negative impact of macro environment on a business organisation..................8P5 Internal and external analysis of a business organisation ....................................................9P6 Interrelation of Strength and Weakness with external macro economic factors..................11CONCLUSION..............................................................................................................................11REFERENCE.................................................................................................................................12
INTRODUCTIONBusiness environment is defined as all the factors that affects a business organisationinternally or externally as a business organisation operates its activities by procuring variousresources from environment, that can have major impact on the ecology, similarly it has manyother factors that affect environment of business negatively or positively. The present study isbased on John Lewis ,it is a retail departmental store that has its outlets in the boundary of UK.Report will explain purpose and legal structure of public, private and volunteer companies .Furthermore study will compare these firms on the bases of their size and scope. In addition,organisational structure and interrelationship between various functional units will be explained.Assignment will conduct SWOT and PESTLE analysis in order to analyses businessenvironment of firm.(Becker, Kunze and Vancea, , 2017).TASK 1P1 Types, purpose and legal structure of an organisationPrivate co. is the company that cannot transfer its shares to public at large and acompany , that should have minimum 2 and maximum 200 members in its organisation , andshould contain the word 'Pvt. Ltd' after its name also a it can be further divided into threecategories – co. limited by share that means member's liability is limited to the amount unpaidto the co. with respect to share , co. limited by guarantee that means member' liability islimited to the amount of money , guaranteed to paid by its members in case of co. 's wound upand co. with unlimited liability . A private company For example John Lewis is a privatecompany, means it will follow all the norms and condition that a private company has to follow.The main purpose of John and Lewis company is to earn higher profits and have itsoutlets all over the world . Legal structure of a private company is that it has to incorporate itselfand get incorporation certificate within 2 days of commencing its business after submittingvarious documents. (Somerfield., Dashfield and Warwick, 2018). There are many small size companies that works to get profit so that it can sustain inmarket for longer duration. Medium size firms such as Aldi has purpose to expand its businessand compete with large companies. Many partnership firms, sole traders also come under theprivate companies.Public co. a public company is the company that can transfer its share to public and tradefreely in stock exchange. A Public co. can be divided into two listed public co. and unlisted
public co. all the public companies that is listed in one or two stock exchange are known as listedco. and public co. that are not listed in stock exchange are known as unlisted public companies.Purpose of a public co. is to serve best to the general public For example, BBC,broadcast its channel in various countries so it needs high amount of regulation(Bonnefoy-Cudraz, and et.al, 2018). The legal structure of a public Company is that it has to submitmemorandum and article of association, declaration of compliance, information about location ofregistered office that should be in the boundaries of UK.Voluntary co. is an organisation that has a group of voluntary people come together toform an association. It can be an unincorporated association, a trust, a limited company , acommunity interest company etc. For example, Oxfam is a voluntary association, that come upwith group of persons to help needy people.Purpose of a voluntary organization is to serve society as a whole and do their welfare thepurpose of Oxfam to eradicate poverty and removal of injustice happen with people for that theyrun various campaigns. A voluntary co. is generally is an unincorporated association but someco. have to go through the incorporation process.(Meng, and et.al, 2018).Micro, small and Medium enterprisesThese are mainly private companies because its scale of business is very small and verylow investment is required to run these kinds of organisations, Generally these are situatedwithin the local boundaries of of the country. Micro businesses need funds of less than £2million , small businesses need funds of less than £10 million and medium businesses needsfunds of less than £50 million.P2 Size and scope of different types of organization Basis Public (BBC)Private (John andLewis)Voluntary (Oxfam)Background It is a publicbroadcasting co. thatbroadcast its channelthroughout the worldand is the largestbroadcaster in theworldIt is a private co. , thathas large retail storesin the boundary of UKand its headquartersare situated in Londonand South WesternUnited Kingdom. It is a voluntaryassociationandinternationalnongovernmentalorganisation . ItsheadquartersareOxfam International,
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