Business Environment Assignment- BBC
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Added on 2021-02-20
Business Environment Assignment- BBC
Added on 2021-02-20
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BUSINESS AND BUSINESSENVIRONMENT
INTRODUCTIONBusiness environment is the sum or total of all activities related to external and internalfactors that affects a business. The forces that build business environment are suppliers,competitors and media with government are important to build environment and affect to it evenexternal factors are out of control. This report is based on TESCO which is a Britishmultinational grocery and general merchandise retailer in the whole world and its headquarter isin England , UK. It is third largest retailer in the world in context of gross revenue and ninthretailer in the whole world. This report is based on different kinds of organisations in whichpublic, private and voluntary with their legal structures, size and scope to enhance understanding.In public sector organisation in which BBC and in voluntary organisation is Wellcome trust thatare playing crucial role in economy. It also includes interrelationship in various functions of anorganisation and their link with organisational structure. Further it elaborates about macroenvironment that affect organisation with its positive and negative effects on organisationalproceedings and internal analysis of an organisation and their interrelation. For an organisationinternal and external environment are very much important to remain always competitive byfinding out major spheres in which improvement is very much crucial. All these organisationscontributes in growth and enhancement of an economy.TASK 1 P1 Elaborate various kinds and purposes of organisations and their legal structure. In a business environment there are various kinds of organisations that builds product andservices after evaluating needs and wants of consumers in proper way and contributes ineconomic development (Al-Saleh and Mahroum, 2015). For that report the chosen organisationof private sector is TESCO, for public organisation BBC and for voluntary organisationWellcome trust that all contributes in economic development. In different types of organisationconsist of Private, Public and Voluntary organisation here are the description of theseorganisations and various factors:Types of business:There are majorly two kinds of businesses like public and private business organisations,where some of them works to earn profit margins and some other's works to improve the livingstandardisation as well.
Profit:Profit businesses are those enterprises that builds product and services by satisfying needsand wants as per the need of consumers to maximise profit. It also contributes in economicdevelopment and growth.Non-profit business:Non-profit businesses are those that establish in market with the purpose of publicwelfare and their main goal is not to earn profit but to build advance products and services as perthe need of consumers (Deasy and et. al., 2016).Private organisation: Private sector is a part of economy that run or operated by individuals and their mainmotive is to earn profit and state does not control their works and activities (Azma andMostafapour, 2012). Hence it included all profit oriented organisations that are not owned andoperated by government. In that report chosen organisation for private sector is TESCO which isa British multinational grocery and general merchandise retailer, headquarter is in England, UKand it is a third largest retailer in the whole world in context of revenue. Its main objective is tobuild products and services as per the needs and wants of consumer by earn profit. Everyorganisation operates in economy with an definite objective and follow a legal structure thathelps to gain organisational goals and objectives.Purpose: The main objective of TESCO is to enhance living standard of people by givingenchanted experiences to consumer base to giving values by ensuring consumer satisfaction(Storey, 2016). It helps to give delighted experience and it ultimately proved beneficial fororganisation to enlarge business opportunities.Legal structure: Legal structure is an important attribute for an organisation and for private organisationsthere are different kinds of legal structure that are as follows:Sole trader: Sole trader is one person organisation, found in trades in which only smallamount of money or finance required to set that kind of businesses. John Lewis could beconsidered as a good example of Sole Trader.Partnership: To overcome from concerns of sole traders, a partnership firm should beformed that is an association of individuals and have 2 to 20 partners (Cepel and et. Al.,
2018). Marks and Spencer at initial level started working as a partnership firm where thetwo business partners named as Michael Marks and Thomas Spencer has shared profitrations based on the agreement.Private limited company: That is a kind of joint stock company which has separate legalidentity from their owners and they are small, family runs businesses that owned andoperated by shareholders. In case of TESCO that operated under private limited companythat possess their own identity in marketplace to remain always in marketplace.Public organisation: Public sector is an important part of countries economy that effectively or efficientlycontrolled by government and main motive is to serve people in better way. For that reportpublic sector organisation that is BBC (British Broadcasting corporation) which is a Britishpublic service broadcaster. It headquarter situated in London and one of the oldest nationalbroadcasting organisation and largest broadcaster in terms of no. of employees.Purpose: The main purpose is to ensure by conducting research and development activities to fulfilmission and promotion of the public purposes and to maintain significance in the whole market.Legal structure: To reach at desirable goals and objectives, there are some prescribed form of governmentthat are as follows:State government: State government is a kind of government of a country whichsubdivision of federal form of government that shares political power with nationalgovernment (Deasy and et.al , 2016). For an example, BBC comes under the control ofstate government that control each and every activity under state level.Central government: Central government that are accountable for accomplishingimportant decisions related to operations of an organisation. Department for Business,Energy & Industrial Strategy is being considered as a good example of centralgovernment agency.Local government: Local government are accountable for handling and managing allworks and activities related to local authorities by applying various rules and regulationsto get assistance from government. Highways England could be considered as a particularagency which is dealing and developing highways within the England.
Voluntary organisation: Voluntary group or union is a group of individuals that work under a agreement as anvolunteer to accomplish some purpose or objectives (Grover and Kohli, 2013). The commonexample of volunteer are trade associations, trade unions and learned societies and many more.For that report voluntary organisation that is Wellcome trust which is a biomedical researchcharity located in London UK. It established in 1936 to improve the health of both human andanimals in better way.Purpose: The main purpose of that trust is to provide extraordinary achievements in health byfinding or supporting the brightest minds. It also conducts biomedical research that supports theunderstanding of public in science.Legal structure: There are a legal structure that follow by a voluntary organisation that are as follows:Trust: In trust consist of three parties in which donors, trustees and beneficiary that areaccountable for welfare of profit and not to earn profit. Trust is a generally a set up tomanage and coordinate money and property to attain specific role and purpose in betterway. They establish a formal relationship in the three parties that are donors, trustees andbeneficiaries that helps to set up all legal obligations in proper manner. National trustcould be considered as a good example here as a trust, which is dealing within England. To lead in the market organisation, have to spend in current market by enlarge businessopportunities in better way. In context of TESCO primarily they operate at regional level but astime passes it enlarge business opportunities with the help of various entry strategies and becomeglobal brand name in the market (Hallward-Driemeier and Pritchett, 2015.). It presently work asa global leader by acquisition other firms and products in better way. Acquisition and merger arethe transactions in which ownership of companies and other business organisation byconsolidating or transferred with other entities in positive manner. In context of TESCO which isprimarily a small business after analysing the current needs and wants of consumers they becomelarge enterprise and lead in market.Difference among Private andPublic Limited:
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