Business and Business Environment Analysis

Added on - 22 Oct 2020

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BUSINESS AND BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1LO1..................................................................................................................................................1P1 Different types and purposes of organisation....................................................................1P2 Size and scope of a range of different types organisation.................................................2M1...........................................................................................................................................3LO2..................................................................................................................................................3P3 Relationship between different organisational functions and how they inter relate with eachother........................................................................................................................................3M2...........................................................................................................................................4D1...........................................................................................................................................5LO3..................................................................................................................................................5P4 Positive and negative impact of macro environment upon business operations...............5M3...........................................................................................................................................6LO4..................................................................................................................................................7P5 internal and external analysis...........................................................................................7P6 strength and weakness interrelate with external factors....................................................9M4...........................................................................................................................................9D2.........................................................................................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness environment is a sum total of all the internal and external factors that can affectthe process of an enterprise. It is a collection of all the factors that can affect the over allperformance and sustainability of the business. YORKSHIRE BANK is one of the UK leadingand most respected bank in UK. This bank is providing an intensive range of financial servicessuch as- investment banking, commercial banking and market personal financial services. Thisreport discuses about the different types and purposes of organization with its size and scope.The report also discusses about the relationship between organisation functions and theirinterrelations in the enterprise. This report also identify the positive and negative impact ofmacro environment on the business operations. The report further discusses about the internaland external analysis of an organisation in order to identify strength and weakness.P1 Different types and purposes of organisationDifferent types of organisation can be described as the structures of the different has set with theachieving specific goals and objectives.Following are the clients of Yorkshire bank-Pentaland groupHSBC holdingsSAVE THE CHILDREN FUNDPrivate organisation-this type of organisation has set up with the primary purpose ofgenerating profits they also described as the for-profit organisation(Brewster,Mäkelä andSuutari, 2019).These types of organisation usually operate in the private sector that shows that,they have owned by an individual. These types of organisation are not regulated d by the stategovernment so the revenues generated by the private organisation is mostly reinvested into thebusiness to expand the business. The owner of company will invest the money to sustain anddistribute the profit among the shareholders. The operations of the private sectors can be basedion various sectors such as- retail, fashion and food(Quinlan, Babin, Carr and Griffin, 2019).Pentaland group is a small organisation of UK as well as it is a client of Yorkshire bank. It is UKbased private company which is involved in sports, outdoor, fashion market.
Public organisation-these types of organisations has set up with the purpose of financialgain. These type of organisations are different from private organisation on the basis of theirprioritise of work. This types of organisations includes social enterprises and charities. Some ofthem can include the business activities. Sum generated by these organisations usually used forthe charities and society. HSBC holdings is a public organisation as well as it is a client ofyorkshire bank. Irt is multinational banking services holding company. The profits of theseorganisations never distributed among staff members. Public organisation usually generatesfunding through investment, donations and sponsorships etc. these type of organisations operatesin educational and regional sector(Fatehi and Choi, 2019).Sole trader- it is business which is controlled and owned by one person itself . The ownis one who takes every types of responsibility and decision that is related to business includingits profit and loss.Advantages-Maximum privacyowner itself is a bosshigh level of privacy involveddisadvantagesit will be hard to take holidaysthe life of business is quite limitedPartnership –the partnership from ownership suffers from certain limitation such aslimited resources, limited skills. Expansion in every business requires more capital andmanagerial skills also involves more risk.Advantagesboth the partners have greater borrowing capacityExternal regulation is limited.DisadvantagesEach partner is an agent and is also liable for every actions taken by other partners.The liability of partners of the business is unlimitedVoluntary sector-these are non- government organisations are commonly refers to asNGO these types of organisation that operates independently from the state government. State
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