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Business and Business Environment INTRODUCTION 3 TASK 13 P1 Different types and purposes of organisations

   

Added on  2020-11-12

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Business and BusinessEnvironment

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Different types and purposes of organisations.......................................................................3P2. Size and Scope of different types of organisations...............................................................5TASK 2............................................................................................................................................7P3 Relationship between different organizational functions......................................................7TASK 3............................................................................................................................................8P4 Positive and negative impact of Macro environment on Business operations.......................8TASK 4..........................................................................................................................................11P5 Internal and external analysis with strength and weakness.................................................11Strength and weakness of company can be find through SWOT analysis................................11P6 Inter-relation of strengths and weakness with external macro factors.................................11REFERENCES .............................................................................................................................13

INTRODUCTIONBusiness environment could be defined as amalgamation of various internal and externalfactors like individuals, government, entities and others that have a greater impact on company'sprofitability and sustainability in long term. In today's era where there is frequent changes inmarket dynamics it is of vital importance for a firm to regularly scans its business environmentso as to formulate necessary plans, policies and strategies to be able to manage or to be avoid theimpact of market uncertainties and threats (Crane and Matten, 2016). Analysis of businessenvironment also enables a company to look out for prevailing market opportunities, taste andpreferences of its customers, competitors tactics and other vital information that will contributein modifying its existing product or to innovate a new one so that it can fulfil customers demandand will generate higher returns for business.This assignment discuss about TESCO which is a public company is one of the thirdlargest retailer in the world dealing in groceries and general merchandise. Toyota motormanufacturing which is a public limited automobile firm and Red Cross Society which is avoluntary charitable organization set up for providing social benefits for under privileged people.Project discuss about different types of organization and their purpose. Further it willexplain about the scope and size of different organization and interrelationship of them withvarious function of business operations. TASK 1P1 Different types and purposes of organisationsA business firm during its establishment needs to take important decision regardingsetting up its specific purpose which describes its vision, mission and goal statement and servesas a motivational force to achieve them for its overall prosperity and success. A firm is set up tofulfil various economic, social and basic requisites and on the basis of level of governmentinterference and profit earning motive can be divided into public, private and voluntaryorganizations. Mentioned below are the major three sectors :- Public Sector: Public limited firms are those that are managed by government for theircitizens, however its ownership is dispersed among general public and many investors in form of

shares which serves as source of raising funds and capital (Gharajedaghi, 2011). Theseorganization works under the supervision of government and has a well defined organizationalstructure, policies and guidelines. It provides goods and services as per needs and wants of thegeneral public at reasonable prices regardless of income or wealth generation. It involves largeworkforce to handle its operations thereby proving to one of the major sources of employment.For instance TESCO is the world's second largest grocery retail chain in UK providingaffordable and quality goods and services to its consumers (Gilboy, 2016). Purpose: The main aim of setting up a public limited company is to contribute I theeconomic growth and development of a nation by adopting a holistic approach for benefiting itspeople by providing opportunities for employment, helping people belonging to below povertyline or from other backward classes to get basic necessities of life and other similar socialbenefits. Private Sector: These are the companies that are self owned and managed under theguidelines that are been incorporate as law but are free to set up their own vision mission,structure and objectives. Public companies sales their shares to consumers but not to publictransfer of those is restricted to members only. For example Toyota motor manufacturing isprivate motor manufacturing firm that provides vehicle manufacturing and assembling servicesto consumers. It was founded in 1989 with its headquarters base in Burnaston, Derbysgire,England. It has a team of more than 3,800 proficient employees handling its operations (KianChong and et. l., 2011). Purpose: The main objective of a private limited firm is to earn higher profits byidentifying the needs and aspirations of its target market group and provide them qualityproducts and services as per their specifications so as to attain higher market share and higherrevenues with customer satisfaction.Voluntary Sector:- Voluntary organisation is created by group of volunteers who arehaving some common purpose and interests and are inclined towards redressing some socialissues for providing benefit and welfare to the society and to enrich life of its members. Theywork on no profit objective and the funds for carrying out the activities of firm is generally raiseby its members themselves. Other sources of finance of firm includes donations,charity ,government aids etc. One such voluntary organization is Red Cross Society which is acharitable trust established for providing relief and other emergency aid to the poor,

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