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Business Environment Assignment - TJ Morris
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Added on 2021-02-22
Business Environment Assignment - TJ Morris
Added on 2021-02-22
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BUSINESS AND BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................3LO 1.................................................................................................................................................3P 1 Different types and purpose of organization. .......................................................................3P 2 Size, range and scope of different organization. ..................................................................3LO 2.................................................................................................................................................3P 3 Interconnection of different organizational functions. .........................................................3LO 3 ................................................................................................................................................3P 4 Positive and negative influence of macro environment........................................................3LO 4.................................................................................................................................................3P 5 Internal and external analysis of organization......................................................................3P 6 Interrelation of internal strength and weakness to the macro factors. ................................3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................4
INTRODUCTIONBusiness environment can be included all the factors of the internal and external thataffects the all the environment of the business organization. In this internal factors include theproducts and services of the organization, its employees. Whereas external factors consist ofcompetitors, market condition and all external stakeholders. This project is based on the TJMorris company, which is based on the united Kingdom. This operates in Home bargains, Fareastern ventures and property ownership. This project will include the different types, size and scope of the organization andpurpose of all the organization in the market. Interrelationship of different functions in theorganization is also going to be described. Positive and negative effect the business organizationis also going to be identified with the help of the PESTLE analysis. Lastly internal strength andweaknesses of the organization will be evaluated with the help of the SWOT analysis. LO 1P 1 Different types and purpose of organization. There are different types of organization operate in the market, with having the differentpurpose. Theses are:Public organization — These kinds of organization referred as those organizations which areoperated by the government of the country. These are the part of the economic system of acountry. This includes the different services like, public goods, military, law enforcement, publichealth care and education etc (Hamilton and Webster, 2018).Purpose of the public sector organization is to provide goods and services to the citizen ofthe country in very economical way, which are not being provided and fulfil by the privatecompany, as private organization's services are little expensive. For example National HealthService company is public company which is operated and run by the government of country.And its aim is to provide services to public. Legal structure of the public organization includes at least two shareholders and have£50,000 minimum share capital. These companies must have lettered PLC after their name.Minimum two directors and one secretary is necessary.Company have to be registered underCompanies law 2006 of UK.
Private organization — Private sector organization can be referred as the important part toincrease the economy of a country. These organizations are being operated and run by theindividuals rather that the government of the country. These companies handle all the profitshare by its own, there is no government intervention. Some times it also called the citizensectors. For example, sole proprietorship, partnership, trade union, large cooperation andmultinational companies (Cepel and et.al., 2018). The purpose of the private organizations are to gain more and more profit from themarket. And also the employs more number of people than the other sectors that can contributeto making the profit and image of the company in the market. For example TJ Morris is privetorganization of United Kingdom, there is no government or little interference in its operationsand decision-making process. The legal structure of private organization includes minimum 2 members and maximum50 shareholders. Company must have initial share capital of about £100. There must be at leastone director and having a secretary is not compulsory. This company can not be traded publiclyand have to be registered under companies act 2006 that governs company law in UK.Voluntary organization — Voluntary sector organization referred as the non-governmental andnon profit organization. This voluntary sector is separated from the private sector organizationand are operated with the help and integration of the government and it supports to deliver theservices and programs to the needy people of society. In this examples of voluntary organizationare charities, NGOs, foundation, community groups, social welfare organization etc. whichprovide the services and programs to needy people of country in order to improve their life. The purpose of voluntary sector organization is to enrich the society and living standardof the people. For example, Red cross is voluntary sector organization which is multinationalhumanitarian movement which have approximate 17 million volunteers.The legal structure of voluntary organization includes trustees and not members and ifcharitable £5k, threshold will be required for registration with a charitable commission. Profit organization — These are the organization which only operate in the market with the aimof earning profit for their owner.Non profit organization — These are the organization which operate only to make their societybetter by providing services and products.
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