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Business and Business Environment Assignment - Marks & Spencer

   

Added on  2020-10-22

17 Pages4158 Words485 Views
Business and BusinessEnvironment

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Different purposes & types of organisations and their legal structure...................................3P2 Size and scope of different types of organisations.................................................................6TASK 2............................................................................................................................................8P3 Relationship between different functions of an organisation and its link with objectives....8P4 Positive and negative impact of macro environment on business operations......................11TASK 4..........................................................................................................................................13P5 External and internal analysis of organisation to determine strengths & weaknesses.........13P6 Interlink of strengths and weaknesses with external macro factors.....................................14CONCLUSION..............................................................................................................................15REFERENCES .............................................................................................................................17

INTRODUCTIONBusiness environment consist of all the external and internal forces that influenceoperations and activities of an organisation. It is a collection of all entities, individuals and othercomponents which may or may not be in control of firm. Various factors are involved in businesssurroundings such as customers, management, supply & demand, employees and businessregulations (Asif, Garvare and Ahmad, 2011). Consideration of all these forces helps businessesin meeting challenges successfully and provides directions for growth. In the present report,chosen organisation is Marks & Spencer which is a renowned multinational retailer of UnitedKingdom. This assignment discusses about types, purposes, size, scope and legal structure ofdifferent organisation. Relationship of different functions and their link with business objectivesas well as positive & negative impact of macro environment is defined. Apart from this, SWOTis conducted to determine strengths and weaknesses & their link with external macro factors isdiscussed in this project. TASK 1P1 Different purposes & types of organisations and their legal structureThere are different kinds of organization that exist in market place such as public, voluntary andprivate that have their own distinct legal structure and purpose. Each and every organization isbound to follow these structure and act accordingly. There are some businesses who run with anaim of earning profits while others run with the purpose of providing benefit to society and itsmembers. Public:Organisation under this sector are mainly government owned i.e. control, run andmanaged by government body of respective country. They provide services to everyone and donot make profit out of it (Bhaduri and Ha-Brookshire, 2011). These are usually funded bygovernment which is collected through fees and taxes pays by all citizens. For example: NationalHealth Care ServicesCompany Overview: It is a publically funded national health care system of England. Itprovide healthcare services to all English residents among which most of them are mainly free. Itis funded by general taxation system and administer by Health Department. Purpose: The main purpose of NHS is to improve the well-being and health of people ofall communities, patients and its staff via innovation, professionalism and quality in care.

Legal Structure:Firms under this sector are bound to carry out their business practices and operation asper the rules and regulation formulated by Government Authority of respective country(Chetwood and et. al, 2014). Structure of public sector are characterize below: Private:Such organizations are not controlled and managed by government rather these aremainly handled by private players only. They generate profits out of sales they make. Privatecompanies generate revenue by competing against their rivals by ensuring that their goods andservices create value for their target customer (Crane and Matten, 2013). This further assist themin attracting more customers which means profitability ratio of such companies automaticallyincreases. For example: Marks and Spencer Company Overview: M&S is a leading British multinational retailer, located in the Cityof Westminster. It mainly deals in offering home products, clothes and luxury food products. Thecompany practice their business operation in more than 40 countries with over 900 stores. Purpose: Their main purpose is to generate higher sales lead and increase profitabilityratio by delivering high quality products at economical cost.

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