Assignment on Types of Purpose of an Organisation
Added on 2020-06-06
18 Pages5573 Words49 Views
Business and BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Various types and purpose of organisations..........................................................................1P2 Size and Scope of different types of organisation.................................................................4Task 2...............................................................................................................................................6P3 Relationship between organisation functions and its objectives............................................6Task 3...............................................................................................................................................8P4 Positive and negative impacts on the macro environment depends on the businessoperations....................................................................................................................................8Task 4.............................................................................................................................................10P5 SWOT analysis of M&S company......................................................................................10P6 Interrelationship with external macro factors and strengths and weaknesses......................12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONBusiness environment is consider all factors of externals and internals which influence tothe organisation. Business always operates in an environment. It is must be required to keep inmind those forces which influence to each other and also work together for affecting on thebusiness operations. Organisation focus on several activities and functions which carry outwithin the firm for producing particular goods and services so that they can increase the growthand achieve target or objectives in appropriate manner (Boons and Lüdeke, 2013). Company hasto prepare for facing any kinds of challenges and changes regarding environment. The factorsthat can affects on the business functions and operations including buyers, sellers, suppliers orvendors, productions, marketing and management etc. Mark and Spencer is a retailer company ofUK and they deals in various range of products such as clothings, home appliances and fooditem. This assignment will cover different types of purpose of an organisation such as public,private and voluntary sectors as well as its legal structures and size. Some organisationalfunctions also discussed here that link with its objectives and structure. There are some positiveand impacts of macro environment on the business operations. Strengths and weaknesses of anorganisation and external micro factors also will discuss here. TASK 1(Covered in PPT)Introductions:Every organisations are affected from various internal and external environmentalfactors. There are various kinds of organisation such as public and private whose major aim is toincrease growth and wealth maximisation while generating profits or revenues in the competitiveenvironment. This task will look at size and scope of Mark and Spencer and also describedifferent kinds of organisations as well as purposes. P1 Various types and purpose of organisationsMark and Spencer is a private organisation and it is British multinational retailer andlisted on the London Stock Exchange. There are different types of organisation and its purposessuch as:Private company: It is the form of an organisation which is owned and managed by anindividual. In this, firm can issue their share that must not traded on stock exchange. I other1
words, they has shareholders within the company that generally exchanged privately amongmembers. Their main aim is to earn more revenues or profits so it is sole purpose of privatecompanies to generate incomes. Any firm or company who has the minimal governmentinterventions as they generally formed for running business and sharing more profits amongvarious partners. For example, there are lots of private companies in the world who are earningmore profits and they created strong competitions in the market at global level. Mark and Spencer, one of the big organisation and its ownership is private. It is foundedin the year of 1884 by Marks and Thomas Spencer with the purpose of creating wealth and earnmore profits. It had become the first retail organisation through earning Euro 1 billion profit.This company deals in luxury food and clothings as well as various products and services in themarket. According to recent data, company has generated its revenue approx 8500 to 10600billion in the year of 2008- 2017.M&S company believes in flat organisational structure that helps in proper interactionsamong people as there are less chances of occurring gaps between employees and topmanagement. This will also support in encouraging employees for taking part in decision-makingprocess and share their ideas or opinion regarding any particular issues within the firm. There islimited liabilities of members in private companies regarding extent of organisation's sharesowned. Company do not requires to sell their private assets for paying off to debts. On the otherside, there is another advantage of private ownership is that in the case of death of partner,company will continue run its operations. They can enjoy less tax as there is relaxations becauseof lower paying tax in private companies comparison to corporate firm. In such kinds of firms, less members are required for starting a new venture. Minimumperson is 2 whereas maximum members should be 200 at there. The benefit of private companyis that they can enjoy exemption from provisions of companies act. This can be beneficial invarious activities and functions such as buy back its share, redeem them and also profitdistributions among all members. It is not necessary to hold AGM in the private company unlessit already mentioned in the Article of associations. It can be seen that most of shareholder aretheir family members.There is a advantage of private company as they can become public company by issuingIPO, paying fee of stock exchange, underwriters fee and many more which is required.2
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Research on Business Environment - Mark ans Spencerlg...
|13
|5011
|47
Business Environment Copy Assignment (Doc)lg...
|13
|3788
|43
SWOT Analysis of Marks and Spencerlg...
|15
|4465
|63
Business and Business Environment Legal Structurelg...
|18
|5608
|199
Business and Business Environment: Organisational Types, Functions, Structures and Business Environment Analysislg...
|21
|5040
|143
Business and Business Environment of Mark and Spencer : Reportlg...
|16
|4830
|52