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Business and Business Environment - Metro bank plc Assignment
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Added on 2021-02-20
Business and Business Environment - Metro bank plc Assignment
Added on 2021-02-20
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Business and BusinessEnvironment
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INTRODUCTION Business refers to all those undertaking which is done by an individual in regard oftaking support from employees in selling goods or services to achieve objective in a specifiedtime. Business environment refers to those forces which are exterior and interior that affects theactivities of business. This report will be based on Metro bank plc which is a retail bankoperating in the United Kingdom. This was established by Anthony Thomson and Vernon Hill in2010. This bank is listed on the London stock exchange and is a constituent of the FTSE 250Index. This study explains various forms of business with their size and scope and elaboratinginter relation of the various function and stating affirmative and destructive causing on macroenvironment and determining affect of internal and external strengths of specific business onexternal macro factors (Tahernejad, Khalokakaie and Ataei 2013)TASK 1P1All those type of business is present within marketplace who performs different types ofactivities to achieve their specified objective . The brief explanation of organisation and legalstructure are as follows-Private Organisation- This form of business is closely-held and function by individualperson or group of persons. The main objective to run a private organisation is to grab marketshare and earn more profit from it. The chosen organisation is Metro bank who is retail bankoperating in United Kingdom has following legal (structure-Babu 2012).Legal Structure- Sole trader-These are the form of business which is operated and closely-held by anrespective as the amount of investment is required is very low. Partnership- These are the forms of business which is closely- held and operated by twoor more individual who are obliged to share profit and loss equally or in ration of thecapital invested depends upon the agreed ratio.Small and Medium enterprise- This type of organisation is operated at small level withthe lower investment limit.Legal obligations of private organisation- The private organisation has to follow rulesand regulation of the law in which they are registered. For example, partnership firm is registered1
into Partnership Act and if any modifications are done in then partners have to provide report sothat changes can be applied legally(Peng and et. al., 2013).Public Organisation- This form of business is closely-held and function by government.When the 51% share of an organisation is owned by government will be considered as publicorganisation. The chosen organisation is NHS which is owned controlled by government of U.Kwith the purpose of providing better health services at minimum charge.Legal Structure of Public organisation- The Local government maintains rules andregulation of small area where state government has responsibilities to maintain compliance ofrules and regulation in a boundary of state. The central government formulates rules and policiesof the particular country.NHS is a public health care who perform duties and follow rules mentioned in Health andSocial care Act, 2012. It is the duty of the NHS to furnish better health services to the subject ofnation and to remove par from the health service.Voluntary Organisation- These are the forms of business which is hold and run bygroup of individual to perform activities to achieve specified Objective. The selected Governingbody is Oxfam which was established in 1942 with the goal of removing impoverishment(Çelik,Metin and Çelik 2012).Legal Structure of Voluntary Organisation- Trust is categorised into three part whichare Donor, trustee and beneficiaries and all are important to form a trust. Association refers togroup of person who are performing activities to achieve a objective.Oxfam is required to proceeds entering from the governing under a specified act. Thistype of firm are not allowed to make profit otherwise they will be dissolved and their capital andassets would be taken by any other voluntary( Organisation.Nickel and Eikenberry 2016).P2Voluntary Organisation- OxfamThe purpose of Oxfam is to raise standard of living by eliminating poverty from thecountry. They provide all the services to met and fulfil the demand of every needy individual.They has 20 trust which helps them to providing services in many countries and has huge scopeof the company. These firms are work on the basis of non-profit and they always follow the ruleswhich are applied on trust. They fulfil the need of every needy individual through raising fundfrom citizens.2
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