Business Environment of Toyota Company : Report
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Added on 2020-06-04
Business Environment of Toyota Company : Report
Added on 2020-06-04
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Business and BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................1P1. Types and purpose of different types of organizations and their legal structure as public,private and voluntary...................................................................................................................1P2. Size and Scope of different types of organizations...............................................................3TASK 2............................................................................................................................................4P3. Relationship between different organizational functions which link with businessobjectives.....................................................................................................................................4TASK 3............................................................................................................................................6P4 Positive and negative impacts of macro environment on business operations......................6TASK 4............................................................................................................................................8P5 Internal and external analysis of specific organization for identifying strengths andweakness ....................................................................................................................................8P6 Strengths and weakness interrelate with external macro factor...........................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness is defined as the enterprise which starts by individual for the purpose of earningmoney and generate profits. There are various kinds of businesses are existing that have differentnature such as private, public and voluntary which have various purposes to run an organisation.Business environment has direct relations with the successful managements and impact of thechange of climate (Cantwell, 2010). There are different types of companies like public firms,private organization which are divided into two categories such as manufacture and sales andservice business. All businesses are surrounded by various internal and external forces which hasmajor impacts on business. This report is based on Toyota which is a well-liked globalautomobile business established by Kiichiro Toyota and it is situated at Japan. This assignmentwill define various types and purposes of different kinds of organisation and their legal structureregarding public, and private. It also will describe the size and scope of different types oforganisations and their functions which are linked with objectives and structures. Positive andnegative impacts of macro environment upon business operations also will be discuss here. Thisreport analyse internal and external of organisations for identifying strengths and weaknesses aswell as how they are interrelated with external micro factors. TASK(Covered in PPT)P1. Types and purpose of different types of organizations and their legal structure as public,private and voluntaryBusiness refers to the adaptable procedure of skills and materials as per the request ofconsumers or provides service according to request of the customers. Business environmentcontain various factors like competitors, suppliers, distributors, customers, resources, industrytrends, substitutes, regulations, government activity, the financial system, people anddemography and innovation and industrial growth. It has been experiential that resourcesincluding human, material and fiscal resources are most important aspects for any business.Global businesses like Toyota always look to increase competitive advantage during price, valueand promotional strategy. nalysed that company prospective of association has been influencedby various forces like technology changes and government interference. It can be said that thecustomers are vital for industries survival and wealth.
There are different types of organizations such as;Private Organizations: private sector refers to the possession and control on the ownfirm which is controlled by the private persons or group of people. The main objectives of theorganization is only making or generating more profit. For example; Toyota plc, that isconsidered as one of the famous private global business. There are several kinds of privateorganizations including limited company, cooperatives, sole traders, partnership.Purpose : The main purpose of this firm is to create goodwill in the market and generateprofits by limited investment. In this, individuals and group of people invests funds and startsbusinesses for getting maximum returns from available resources. Legal structure: in this considered as the various legal structures which are integrated invarious firms such as partnership, sole proprietors and other limited companies. Public Organization : Public sector has directly controlled by government authorities orgovernment agencies and legal bodies. Therefore, the operations of any business organizationsrun the various types of firms on behalf of its society and for their common well-being. NationalHealth Service (NHS) is one of the best examples for public organizations.Purpose of public firm : In this defined that public organizations always concentrate onpeople well fare and their well being through providing better facilities and services in anappropriate manner. Legal structures: in this defined that public organisations concern with separation ofparticular regions in which included the central government, state as well as local legalauthorities in an appropriate manner. In which consist different legal bodies and many more. Voluntary sector: In this sector, it involve in different types of organizations such asvoluntary bodies and business community as well as charity etc. These firms are generally non-profit organizations and non-governmental association. It can be understood by taking anexample such as Cancer Research which is popular voluntary organization in UK.Purpose: In this defined various kinds of firms so they have their different purposes suchas provide help to those people who are not able to spend money. They focus on people and itcan be understood by taking an example such as cancer research centre.Legal structures: in these kinds of firms, it can be found that there are various board ofdirectors who works as the trustees. They have rights to make entire decisions as well as actionsto set an effective organisational structures or cultures in better ways. 2
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