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Business and Business Environment Assignment - River Island

   

Added on  2020-10-22

14 Pages4721 Words458 Views
Business Development
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Business and BusinessEnvironment
Business and Business Environment Assignment - River Island_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1: Different types and purposes of organisations; public, private and voluntary sectors andlegal structures for River Island.............................................................................................1P2: Size and scope of different types of organizations...........................................................2TASK 2............................................................................................................................................4P3. Organisation structures and functions..............................................................................4TASK 3............................................................................................................................................6P4. Identification of positive and negative impact of Macro environment factors on UK retailmarket Using Pestle analysis..................................................................................................6TASK 4............................................................................................................................................7P5. Internal and external analysis to identify strengths and weaknesses for River Island.....7P6. Interrelation of strengths and weaknesses with external macro factors for River Island.9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
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INTRODUCTIONThe External and internal factors which affect the functions of an organization is knownas Business Environment. Elements which are under the control of an enterprise are called asmicro or internal factors and those which cannot be controlled are external or macro causes. Theimpact of these forces affects the overall performance and effectiveness of a business. Thisreport studies and describes different kinds of organizations, their size and classifications,organizational structure and implications of environment determining purpose of a business. Italso identifies factors affecting business operations of River Island, a UK based high streetfashion brand (Teece, 2010). Aim of this project is the assessment of understanding and analysisabout effect on business functions on the retail sector of UK. The way of taking decisions in theorganization is also defined in this report for River Island. For identifying optimistic andpessimistic aftermath of the external environment upon River Island certain analysis likePESTLE and SWOT along with Porter's five forces model are also conducted.TASK 1 P1: Different types and purposes of organisations; public, private and voluntary sectors and legalstructures for River IslandPublic Sector Companies- These are organizations controlled and managed by the stategovernment which work for community and public. Schools, Hospitals are some examples forthis sector. They are companies registered in the stock exchanges with a purpose of purchase andsale of shares to the general public. The main aim of this type of organization is to provideservices to society and not profit making. Public sector companies are funded by the governmentlike National Health Services. Their vision is to safeguard and protect health of people in UKwith a mission of regular examination (Hilton and Platt, 2013). Rather producing products for aprofit they tend to supply public services and are funded by the respective governments.Private Sector Companies- These is organizations owned and managed by privateindividuals, partners, joint venture which aims at making profits rather than providing services.River Island aims at making profits and finds ways of expansion to become a leading brand.They are not fit for public listing of shares and cannot be registered in the stock exchanges butthey raise money through issuing of shares and debentures or through other money marketinstruments. These organizations are mainly divided into two:1
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Non-limited Companies and Limited CompaniesProfit generated is distributed among shareholders as per the ratio and rest is kept for reserve.River Island’s vision is to become a popular and star brand in UK with a mission of gainingprofits. Legal documents like Memorandum of association and Articles of association must becompleted before the formation of a company. Voluntary Sector- It is also called as community sector and is a non-profit organizationowned by an individual but there will be someone to check the attainment of targets (Drucker,2017). The main aim is to help the social group or society and works for the welfare by removingpartialities in the community therefore profit making is not their supreme goal. Oxfam andWelcome trust being voluntary associations of UK has a vision of safeguarding the society andproviding health care services. Organizations like DCA and EURAD are working for theimprovement of society thereby eradicating poverty. Activities of these sector involve differentorganizations like charity, voluntary bodies and business community. Those are fundamentallynon-profit enterprises and non-governmental organisations focused on rendering social service.P2: Size and scope of different types of organizationsStructure, size and scope of a business organization determine its goal and success. Largemultinational corporations are set up with an aim of earning profits but micro, small, mediumenterprises also operates to earn revenues and market share. Small to medium size enterprises arean additional category with a difference between owners, number of employees, market shareand legal status.BasisMicroSmallMediumLargeOperationThey have a smallscaleofoperations withrelatively lesscapitalThese are ownedand controlled bya sole proprietoror corporationwho has littlescale and scopeand generates lessrevenue.It has a moderateoperation scaleand averageminimumemployment toworkers, it alsogenerates higherrevenue due togreat investment.These are bigorganizationswith hugeinvestment offund whichenables them toearn ample ofprofits andrevenues.TurnoverSmall and lessThey create aIn this sector theHere the total2
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