Business and The Business Environment Assignment : LEGO Company
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Added on 2020-12-10
Business and The Business Environment Assignment : LEGO Company
Added on 2020-12-10
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BUSINESS AND BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................3I )................................................................................................................................................31 )Different types of organisation ..............................................................................................32 )Size and scope of a range of different types organisation......................................................5II )...............................................................................................................................................63 )Relationship between different types of organisational function that help to achieveorganisational goal...........................................................................................................................6III ).............................................................................................................................................74 ) Positive and negative impacts of the macro environment upon business operation..............7IV )...............................................................................................................................................95 )Internal and External analysis of the organisation..................................................................96 )Interrelation strengths and weakness with external macro factors.......................................10CONCLUSION .............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness can be refer as an organisation or enterprise, that connected with thyecommercial, professional and any industrial activities and operation to make effort to producegoods and sell them for profit in the market. Business environment is the collection of all the activities, institutions and all the outsideforces that affect the business activities and operation. But this environment of the business sumof all these factors and also depend on them to their sustainability and overall performance. Thisreport of business environment will explain different types of the organisation working in themarket and their size, scope and propose to do business in the market. This will also describetheir different structure and functions of the business and they help the organisation to achieve itstarget and to create healthy environment. From this report will find positive and negative impactof the external environment on the business through the PESTLE analysis and will also get toknow the internal factor with the help of the SWOT analysis tool. I )1 ) Different types of organisationThere are three types of business organisation which runs in a market with differentpurpose. These organisations are profit or private, public or non-profit and non-governmentalorganisation or voluntary organisation. Which help to increase the growth of the economy ofcountry. These organisations operate in the market in order to achieve its overall goal to increaseits market share to help the economy. These different organisations are profit organisation whoonly work for top gain maximum profit, non profit, which work for to deliver the services totheir customers and non governmental (NGOs) which operate to well fare of the society. LEGO: LEGO is privately help company. Its headquarter is in Billund, Denmark. This companymanufactured plastic toys. Founder of the company is Ole Krik Christiansen, who found thisLEGO group in 1949. Bank of England: bank of England is central bank of the United Kingdom, which is publicsector organisation. Governor of the bank is Mark Carney. Its headquarter is in Thread needleStreet, London, United Kingdom (Teece, 2018). UNISEF: UNISEF which is known as United Nations International Children's Fund, which isfounded on 11 December 1964. its headquarter is in New york city, United Kingdom. It was
created to provide emergency healthcare and food to women and children's in developingcountries. Basis LegoBank of England UNICEFTypePrivate or profitPublic or non profitVoluntary or NGOPurposeThe main purpose ofthis private sectorcompany is todevelop and inspirechildren to thinkcreatively for makingthe future of play. Itwants to pioneer newand different ways ofplaying(Beatty,Samuelson and Abril,2018).The main purpose ofthis public sectororganisation tomaintain and providefinancial & monetarystability of UKfinancial system tomeetUK'sgovernmentalinflation target.It is a United NationsChildren Fund. Themain purpose andobjective of this NGOand fund is to protectchildren and womenrights by fulfillingtheir basic needs andprovide themhealthcare andemergency food.Legal structureThis company has anexecutive team who ismade up of 12members and oneboard of director. Themain function of thesestructure is to set theircompany's strategies.It follows the soletrade structure inbusiness. This bank consist thecourt of director whohas 5 executivemembers. This boardand court hasresponsibility to setthe organisationalstrategies with themain aim of takingthe correctivedecisions (Hamiltonand Webster, 2018).This NGO oremergency fund isalso governed by anexecutive board thatconsist 36 members.These members arebeing elected to termsof 3 years by theUnited Nations' socialand economic council.Its legal structures ismade by its executive
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