Business Environment in Bank
18 Pages5587 Words385 Views
Added on 2020-12-18
Business Environment in Bank
Added on 2020-12-18
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BUSINESS AND BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Different types of organisations.............................................................................................1TASK 2............................................................................................................................................4Different organisational structures and relationship of their functional departments............4Organisational functions/departments....................................................................................6TASK 3............................................................................................................................................8Impacts of macro environment on business operations..........................................................8PESTLE analysis exploring the positive and negative impacts of macro environment onbusiness operations.................................................................................................................9TASK 4..........................................................................................................................................11SWOT Analysis of Tesco.....................................................................................................11Critical Evaluation of the Impacts of both Macro and Micro environmental factors on businessobjectives and decision making of the company..................................................................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONIt is important for an organisation to have a good business environment in order toachieve success and achieve desired goals and objectives. The below report explores the businessand business environment of Yorkshire Bank. Yorkshire Bank is one of the leading banks ofUnited Kingdom. It is having 4,400 offices worldwide and provides a variety of services tonumerous consumers. The below report in context of Yorkshire bank explains different scope,size and types of organisation. Interrelationships of various functions within these organisationshave been explained as well. Along with it, various examples have been used in order todemonstrate both negative and positive impacts of macro environment on the businessoperations. Also, the report determines the internal weaknesses and strengths of Yorkshire Bankand explains their interrelationship with the above mentioned macro environmental factors.These reports will help one to easily evaluate the understanding of a business environment andfunctioning better (Vellas, 2016). TASK 1Different types of organisationsBelow mentioned are the different types of organisations:Sole Trader: A sole trader/proprietorship is a very common form of businessorganisation. This advantage of sole trader is that it can be easily formed and provides acomplete control to its owner. The disadvantage of sole proprietorship is that the owner of thebusiness is liable for all debts and financial obligations occurring in the business. The size of soleproprietorship is mainly small. The scope of such organisations is simpler and the owner tends tobring his own capital and he is the controller, decision maker, organizer of the organisation.The legal structure of sole proprietorship revolves around the owner, where the ownerhave to bear all the risks and provide all the finance as well. He is the one that faces liabilitiesand enjoys all the profits as well. The main objective of such organisations is to earn profits andincrease business activities further. Sole proprietorship generally arrives in secondary sector astheir main job is to manufacture products. Examples of sole proprietorship includes localrestaurants, shops and home-based businesses. A sole proprietor often uses a business name or atrade name rather than their own legal names (Morschett, Schramm-Klein and Zentes, 2015). 1
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