Business and Business Environment Assignment-NATWEST
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Added on 2020-06-04
Business and Business Environment Assignment-NATWEST
Added on 2020-06-04
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BUSINESS AND BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types and purpose of organizations........................................................................1P2 Size and scope of different types of enterprises.....................................................................3TASK 2............................................................................................................................................5P3 Relationship between organizational functions and its link with objectives and structure...5TASK 3 & 4.....................................................................................................................................6Covered in PPT...........................................................................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONEnvironment is a combination of all the resources which is used by industries foraccomplishing their business activities and operations. Business environment is a term describeinfluence of micro and macro factors on functions of company due to their vital role played in it.In fact it plays a very eminent role in success of an organization because it affects overalldecision making process of a company (Chavis, Klapper and Love, 2011). This report is mainlyclassified into four different parts whose main motive is to highlight the importance of internaland external factors in corporate world. NATWEST is a reputed bank which supports othercompanies to operate properly and effectively by providing sufficient funds as well as financialhelp. Furthermore, it also throw some lights on different types of organizations and its roletowards development and upliftment of entire society by conducting various programmes. Apartfrom this macro and micro factors have negative as well as positive impact on corporate worldbecause of their roles and responsibilities towards economy development. At last, assignment isgoing to identify the strength and weakness of environmental factors because it have a greaterimpact on organization (Commander, and Svejnar, 2011). TASK 1P1 Different types and purpose of organizationsThere are diverse firms having number of operations which prompt complete by them. Assome of them have a reason to create benefit though some work for society. There are generallythree noteworthy parts are distinguished in which entire business are beginning their exercisesappropriately which are: Public segment, Private division and Voluntary segment. Every one ofthem have diverse reason for operations with each other. NATWEST give them credit to makingtheir administrations and products successful in nature and they can fulfils their clientslegitimately (Czinkota, Ronkainen and Moffett, 2011). An essential separation between each ofthem is mentioned below: Public sectorDefinitions :- These are such kind of elements or associations whichclaimed by government only for the purpose to give administrations tonatives. Aside from these, there are a few number of associations areadditionally discovered who wind up plainly open segment organization1
with a reasonable goal is to find out benefit (Eckardt, 2012). Purpose:- Just like voluntary segment, their thought process is not toproduce benefit but rather give satisfactory quality administrations to allclients. A few case of these kind of division are: Electricity board,Education in which government schools, postal administrations, policeadministrations and so on. As their principle reason for existing is simply togive benefits and stay away from any kind of bother to overall population.MacDonald is a best case of public organization with an expect to boostbenefit.Private SectorDefinitions :-Organizations which totally keep running with help andexecution of a person who don't have any connection with government yettake after every legitimate direction which outline by government or anylawful body. The significant target is simply to produce increasingly benefitfor business (Eisenberg and Miller, 2012). Reason:- These associations are totally unique in relation to public sectororganization and principle intention is simply to find out substantialmeasure of income with the goal that they can support at advertise for longterm. There are different structures are discovered in private division whichare: Sole merchant, Partnership and so on. Sole broker is one which used towork entire business by single individual as indicated by wish. Organizationfirms are those which keep running by the at least two people. Starbucks isan ideal case of private part organization (Fernando, 2011). Voluntary SectorDefinitions :- Associations which don't work business with a thoughtprocess to produce benefit yet all they need is to give qualityadministrations and ignore inconvenience to clients. Reason:- The real motivation behind these voluntary affiliation is simply togive suitable administrations to all individuals who live in the public arenaand upraise their living. As they support to such gatherings which have lowlevel of standard. Oxfam is one of a gathering which is an intentionalaffiliation.2
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