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Business And Business Environment - Aldi Assignment

   

Added on  2021-01-01

16 Pages4553 Words480 Views
BUSINESS AND BUSINESSENVIRONMENT

Table of ContentsINTRODUCTION...........................................................................................................................1Activity 1.........................................................................................................................................1An overview of various types of organisations and their legal structure....................................1Comparison in different type of organisation.............................................................................2Explaining various functions of Tesco and evaluating interrelationship between thesefunctions and link to the objective and structure of business......................................................5Advantages and disadvantages of the interrelationship of the function and their impact onorganisational structure...............................................................................................................6ACTIVITY 2....................................................................................................................................7Identification of the various environmental factors using PESTLE analysis.............................7SWOT analysis..........................................................................................................................10Explaining how strength and weakness interrelates with external macro factors.....................12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13

INTRODUCTIONBusiness refers to the systematic organised efforts of enterprise to supply consumers withproducts and services for profit. Business environment refers to the surrounding of variousforces that influence business operation, structure and function. Organisations are varies in size,as measured by the numbers of employees or by sales volume. The present study of Business and Business Environment is divided in two activities andthe first activity aims to evaluate various type and purpose of organisations and their legalstructure and the selected organisation is Tesco. Furthermore, it will explain the size and scopeof the type of organisation. The study will also evaluate the relationship between differentorganisational function and will understand how they link to the objective and structure ofbusiness.In the second part the study will discuss influences in the business by variousenvironmental factors, for that purpose PESTLE analysis will be done. Furthermore, the studywill critically evaluate the micro and macro factors on decision making. Internal and externalanalysis of the business help in understanding the strength and weakness of Tesco. It will donethrough SWOT analysis.Activity 1An overview of various types of organisations and their legal structurePublic sectorThis organisational sector are also known as state sector that are mainly owned, managedand controlled by local and national government (Hall, Miller and Millar, 2016). The legalstructure of the organisations under public sector is owned and governed by nationalgovernment. Public organisations has share of 51% and the rest of 49% is in the hand ofshareholder. Organisations operate in public sector are responsible to provide dividend on time tothe shareholders. Private sectorPrivate sector is that segment of business that has limited liabilities with private shares.This kind of organisations are privately owned by a group of business that are known as board orby an individual (Difference between Public sector and Private sector, 2019). Private sectorinvolves various type of businesses such as; sole proprietorship, partnership, small and medium1

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