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Business and Business Environment in Organisation

   

Added on  2020-10-05

11 Pages3136 Words470 Views
BUSINESS AND BUSINESSENVIRONMENT

Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 Define different types, scope and size of company's.............................................................1P2 Explain the scope and size of different organisations............................................................3LO 2.................................................................................................................................................3P3 Organisational functions........................................................................................................3LO 3.................................................................................................................................................5P4 Impact of external environment upon business operation.....................................................5LO 4.................................................................................................................................................6P5 SWOT analysis of Ryanair....................................................................................................6P6 Inter relation of strength and weakness with external factors................................................7CONCLUSION................................................................................................................................8REFERENCES ...............................................................................................................................9

INTRODUCTIONBusiness environment means set of function or activity of company that help inincreasing profitability and managing business. Any Organisation run its enterprise successfullyby creating good business environment inside the firm. Business can be effect of external andinternal factors such as: supplier, customers, competitors, new technologies and changes in law.Healthy business environment is very helpful to motivate employees and other staff members. Itimpacts on business growth and success (Wetherly, 2014). It also attracts customers towardsbuying products. In this report it defines the purpose and structure of public, voluntary, andprivate organisation. This project explain scope and size of various types of company's and theirinterrelationship between organisational structure and objectives. This project also explainweaknesses and strength of company effected by external factors. LO 1P1 Define different types, scope and size of company'sOrganisations work for making products according to customers needs and demands. Inthe world there are many companies who operate their work by giving high performance for thepurpose of making its business successful and better than their competitors. There are three typesof organisation such as public, private and voluntary (Belás, and et.al., 2015). They all had adifferent structure and purpose of business. 1. Public organisations: public company's governed by government or public-allycontrolled through funding. Function of public sector organisation is to provide good qualityproducts and services to people and make them happy (Bouckaert, Peters, and Verhoest, 2016).They need to follow rules and regulation applied by government in society. For example, BritishAirways is the most famous public organisation in all over the world. It is the biggest airline inUK. They had a huge number of passengers more than the other airlines. Purpose of BritishAirways is to serve its best quality services and provide good experience to customer. The mainmotive of this organisation is to achieve its goal to become leading airline company in theworld's. They focused on client service at all stages of person journey. 2. Private sector organisation: private organisation is a part of state or country economicgroup that has operated by companies and individuals owner. This sector run its business forpurpose of making success and profit through providing their products and services. Privatesector is divided in two types small and medium size such as hospitality, leisure, food and retail.1

For example, Ryanair is private organisation. It established its headquarter in Dublin, Swordsand London (Anheier, 2014). It is a lower cost Irish airline founded in 1984. Ryanair purpose isto offer low price services to their passengers serve within good quality and satisfaction ofpeople. They want to increase more passenger than the other airlines has. They focus on costcontainment and efficiency business activity. They serve its services equally to customerswithout and differences . Organisation goal is to increase its passenger numbers across 180million by 2024.3. Voluntary organisation: voluntary sector company is a group of people who served itsservices in society for the purpose of helping people. For example, Cancer research is avoluntary organisation in UK. They perform without caring any motive of making profit. Usuallythey collect funds through organizing charities functions, the purpose of Cancer research is toprovide help to person (Zald, 2017). This type of firms run its business through board membersor other trustees. Legal structures of organisations:Sole partnership, Partnerships, limited partnership and corporation are various types ofstructures for companies. Organisations establishing their business for making profit, but it stillnot possible without following any legal structure in firm. This will help in managing theirprocess of overall performance. Sole partnership, according to this structure individual person operates business inmarketplace. Advantage of this function is that one person was owns all the profit byselling products and services to customers. But on the other side it also has disadvantagesthat individual owner is responsible for loss in business. Partnership, this process help in managing business at its financial situations. One ormore person run organisation activity equally. They both are responsible of profit andloss in business.Limited partnership, in this activity of business partners avoid individual choice liability.Thus, for limited partnerships they have to paid or followed different income tax rules.This type of function is based on written agreement which is very important in business. Corporation, it is very complex organisation business. The owner of corporation businesshas its own personal choice and decisions. They can increase its bonds and sales of sharesto achieve profitability and growth of business.2

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