Business and Business Environment Assignment - JP Morgan Finance & Investment

Added on - 22 Nov 2020

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BUSINESS AND BUSINESSENVIRONMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Presenting different types, size and scope of organization...............................................1TASK 2............................................................................................................................................42.1 Presenting interrelationship of various functions and how they link to structure of anorganization............................................................................................................................4TASK 3............................................................................................................................................83.1 Presenting the impact of macro environment on JP Morgan Finance and Investment....8TASK 4..........................................................................................................................................104.1 Presenting internal strength and weaknesses of JP Morgan Finance and Investment and itsinterrelationship with external macro factors.......................................................................10CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................15
INTRODUCTIONBusiness is a process which is performed individually or by a group of people in order tomake money that can be done by selling their products or services into market. Having a goodteam and business environment will help to run a business in better direction and as well as toachieve its goals as well as objectives.The aim of this report is to understand a meaning of business situation which includesvarious external and internal factors that affects its environment. It focusses on business of JPMorgan Finance and Investment which is one of the leading and respected concern investmentcompany in UK with around 4400 offices in worldwide. Its business philosophy givesimportance to values and principles in all aspects of everyday life (Luthans and Doh, 2018). Thereport describes various types of organizations whose aim is to serve their customers and earnprofit while other non- profit form earns net income to invest in works related to welfare ofsociety etc. The report also describes a impact of macro factors which affects businessenvironment of JP Morgan Finance and Investment by using PESTLE analysis. It also presentscompany's internal strength as well as weaknesses and how they are interrelated with externalmacro factors.TASK 11.1 Presenting different types, size and scope of organizationOrganization is a group or structure which are set up with different purpose of achievinggoals or objectives. There are different types of organizations which are established in order toserve or meet various needs of societies as well as their customers. These can be distinguished byusing their goals as well as purpose. There are various types of organizations and some of themare mentioned below:Sole proprietorship:it is also known as sole trader and are set up individually and havecontrol of single person(Singh, 2017). Only an owner is liable for all aspects of business whichalso includes finance. In this type of business, all the decisions and planning are taken byindividual even they can hire employees who can work for the company. Sole proprietorship isquite easy to establish and requires small amount of initial investment.Advantages:whole profit gained by a company belongs to a single person.It is quite easy to change legal structures if circumstances changes.1
Less expensive and requires low cost to start business at initial cost.Disadvantages:it gives limited capital investment and on the other hand requires unlimited liabilities.Not counted as separate entity by law(Pati and Das, 2018).Example: Kurt Geiger which is a shoe company that runs its business successfully in UK.Private limited Companies:private sectors are that part of economy which is run byindividual with an aim of earning profit. These companies are not under the control of state andoccupies large market share in UK(Wetherly, 2014). Even there is no minimum capitalrequirement to set private companies and all rules and regulations are changed by an owner only.Advantages:it has limited liability that is why each member of a company enjoy this facility.The management is quite flexible.Disadvantages:this type of company cannot exceed number of members that is 50.it cannot issue prospectus to general public.Example: JP Morgan Finance and Investment Company which is one of the leading investmentcompany in UK.Public limited companies:this type of companies provides their services or productsfor the welfare of companies and a main aim of this institution is to serve public and completeall their demands of people(Luthans and Doh, 2018). These type of companies are able to sellits shares to public through listing its shares andcan be acquired either directly or throughtrading. At least 7 members are required and liability of associate are limited in this sectors and itis counted as separate legal entityAdvantages:capital can be raised from public sectors.Follows many rules and regulations which are required to conduct in AGMAt least 2 directors must be there.Disadvantages:follows long and lengthy process in order to establish.Controlled by government, so has to follow all rules and regulations (Belás andet.al.,2015).Example: Rolls- Royce, Burberry etc.2
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