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Assignment on Types of Organization Size and Scope : British Airways

   

Added on  2020-06-06

18 Pages5355 Words106 Views
Business and Business environment
Assignment on Types of Organization Size and Scope : British Airways_1
ContentsIntroduction......................................................................................................................................3LO 1.................................................................................................................................................3P1 Purpose of different organizations..........................................................................................3P2 Size, scope of different type of organizations........................................................................5LO2..................................................................................................................................................6P3 Organizational function and their interrelationship with objectives.......................................6LO 3.................................................................................................................................................8P4 Positive and negative impact of Macro environmental factors..............................................8LO 4...............................................................................................................................................10P5 Internal and External analysis of British Airways................................................................10P6 Interrelationship between strength, weakness and external macro factors...........................13Conclusion.....................................................................................................................................14References......................................................................................................................................15
Assignment on Types of Organization Size and Scope : British Airways_2
IntroductionBusiness environment consist of many internal and external factor. These componentsimpact on functioning, supply, demand of the firm. It is difficult for the management to predictthe future because business environment is dynamic in nature. Uncertainty can take placeanytime thus, it is essential for the entity to manage internal and external environmental factorseffectively (Grant, 2016 ). Present study is based on British Airways which is the leading airlinecompany and having strong command over market. Current assignment will discuss purpose ofdifferent type of organization their size and scope. Furthermore study will shed light on functionsof an organization and its relationship between objective and structure. In addition, SWOTanalysis and PESTLE analysis model will be used in respect to British Airways. LO 1P1 Purpose of different organizationsBritish airways are the leading private airline in United Kingdom. It carries more than34.6 passengers every year and has strong customer data base. It offers luxurious travel facilitiesto its travelers which help the entity in satisfying these people and gaining their trust as well.There are many organizations which run for different purposes (Fleisher and Bensoussan, 2015). Sole traderThese are such business which operate by single owner. Their main purpose is to raiseprofitability and sustain in the market for longer duration. It is essential for sole trader to getlicense to trade. One must display the nae of the business and address of the owner as well. It isregistered as self employed. Owner is the only person who is responsible for business liabilities. PartnershipIt is run by two or more partners. Profit and loss are shared between all partners. Tradinglicense is required to be buy but name of business needs to be other than owner's name. Profitmaximization is the main purpose of such business. Limited firm
Assignment on Types of Organization Size and Scope : British Airways_3
Limited firms are required to have annual turnover of £10.2million. There assets shouldbe worth of £5.1 million. It is required to ave more than 50 employees in the private business. Onother hand in public limited firm it is essential to have share capital of £50000 and paid up sharecapital needs to be at least £12500. Consumer satisfaction and expansion of business is the mainpurpose of such business. Cooperative firmsThese are another types of business units, it is made up with individual producers. Allstakeholders have equal votes rights and such type of business have lower debt risk. They haveto follow co-operative act 2009 and they have to be registered under this act. Public organizationPublic firms are those entities which are governed by government and are publicallytraded. These types of organizations are operated, governed and controlled by government. NHSis the great example of public limited firm. National Health Service is the government bodywhich work for the well fare of population. Its main objective is to provide satisfactory servicesto customers so that their needs can be fulfilled (Yee-Loong Chong and et.al., 2014). Anotherobjective of this firm is to create value for shareholders so that they be associated with theorganization for longer duration. These corporations pay more attention on fulfilling corporatesocial responsibilities so that they can improve condition of society. They work to earn someprofit so that cost can be recovered and it can conduct further operations easily. Tesco is another public limited firm which main purpose is to offer products and servicesas per the need of customers. They work in such manner so that it can contribute in the economicdevelopment and can generate employment opportunities for population (DeFusco and et.al,2015). It has many shareholders which have direct power to influence the operations of thecompany. It is listed in stock exchange.Private organizationPrivate organizations are those firms which do not ruled by government. British Airwaysis the private organization, board of directors take decision for the company. Its main purpose isprofit maximization. Company works to earn high profit so that it can sustain in the market forlonger duration and can gain competitive advantage. British airways provide luxurious travelfacilities to its customers which attract new consumers and make them satisfy towards the brand.
Assignment on Types of Organization Size and Scope : British Airways_4

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