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Business Environment and Small Firms

   

Added on  2020-06-06

9 Pages2794 Words46 Views
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Business and businessenvironment
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types and purpose of business organisations.....................................................11.2 Size and scope of different types of organisations...........................................................31.3 (M1) Inter-linked organisational size with its objectives.................................................4TASK 2............................................................................................................................................52.1 Interrelationship between organisational functions and its structure...............................52.2 (M2) Advantages and disadvantages of interrelationships between organisational functions................................................................................................................................................62.3 (D1) Complexities of business structure..........................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
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INTRODUCTIONBusiness environment plays an eminent role in growth and vitality of a commercialentity. There are certain internal and external factors which influence decision making process ofthe company. Business environment also put a huge impact on working activities and operationsin positive as well as negative manner. The present report is based upon ASDA; it is one of thelargest British supermarket chain. The firm was founded in 1965 and its operating income is £1billion. Apart from this, the assignment will be described various types and purpose of public,private and voluntary sectors. There will be a discussion upon the impact of organisationalstructure on business goals and objectives. TASK 1P1 Different types and purpose of business organisationsIn this global environment, there is operating several business entities by having differentaims and objectives. But it is essential for all of them to manage their work in an effectivemanner so as to get high competitive advantage. Business organisations are classified into threecategories on the basis of their activities, such as- public, private and voluntary sector. Belowmentioned is the different types and purpose of organisations: - (Source: Business Undertaking : Meaning, Characteristics and Classification, 2017)1Illustration 1: Types of business organisations
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