Business and Business Environment -Yorkshire bank

Added on - Dec 2020

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Business and business environment
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Different Types and purposes of organisations.....................................................................3P2 Size and scope of different range of organisation..................................................................4TASK 2............................................................................................................................................6P3 Understanding of different organizational functions and how they link to organizationalobjectives and its structure..........................................................................................................6TASK 3............................................................................................................................................7P4 Explanation of the various macro-environment factors (PESTLE) that has impact over theorganisation.................................................................................................................................7TASK 4..........................................................................................................................................10P5 Discussion over the SWOT analysis for the chosen organisation.......................................10P6 Critical reflection of key findings and its role into the effective decision making process.11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONBusiness environment is the cumulative of both the external and internal factors that mayinfluence business operations of nay organisation. In the different organisation, business and itsformal environment has created various impacts such as positive and negative. Also, in thecurrent scenario, effective business environment such as external and internal factor has playednecessary role for growth of business firm and its profitability. This report will be carried onYorkshire bank, which is the leading banking services institution deals in financial services,investment making along with wealth management of their clients. Apart from this, report willfocus on discussion over different types of organisation along with legal structure. Also, thisreport will give its efforts on clear understanding of size, scope and products &b services of thegiven organisation. Apart from this, report will make discussion over complete analysis ofPESTEL tools to know the various external forces of particular organisation or industry. Alongwith this, report will put its focus on SWOT analysis along with its analysis with macro factorssuch as political, economical, technological etc.TASK 1P1 Different Types and purposes of organisationsIt is an entity and association in which collection of people or employees are worktogether in order to achieve goals. Any success organisation generates operating profit and makeeasy environment to accept the challenges in companies. Its helps to bring business at globalrange by making profits. There are different types of organisation such as public, private andvoluntary. They have different methodology and scope to be sustain in market which ismentioned as below-Public organisation:This contains public sector which is controlled by governments andall publicly fund enterprises, agencies and other entities. These sector would often engage privateassociation to delivery goods and services through outsourcing. Public services includesgovernmental services, public goods and services like as infrastructure (public bridges, roads,water supply, electronic services, tunnels, telecommunication sector, etc.), public education,public transportation along with health care. For example, HSBC holding is a public limitedcompany which is situated in CANADA SQUARE LONDON, UK. It started trading on British
market since 1959-01-01. This is one of the largest banking and financial servicesorganisations .The main purpose of this to provide banking and financial services in all over theworld, growth of business, economic development and helping people to completing their needsand realise their scope.Private organisation:This contains any firm or enterprises which is controlled byprivate sector not government. It includes sole proprietorship business but there is a differencebetween sole traders and private enterprises. Sole proprietorship business is also controlled bysingle owner but at small size of business where as private company has wider range of business.It does not issue shares for public subscription and arrange capital from privately sources. Itfocuses on increase profits because it raise funds by its own sources. For example,YORKSHIRE BANK is a private bank which provide financial services to people, established in1859 at UK. It has around 4400 offices all-over the world. This is able to provide high range ofservices such as commercial banking, investment banking, secure online banking and personalservices. Its main purpose to increase turnover and make profitable organisation by providingfinancial services.There are mainly three types of private organisations which are discussedbelow:Sole Trader:It is the simplest type of business which is comparatively easy to setup thanother types of businesses. In this, the owner is responsible for all the aspect of thebusiness. The owner makes the decisions for the business regarding the operating, hiringemployees, developing strategies etc.Franchises: This concept is generally accepted by the organisations as expansionstrategy. After implementing, the firm provides the procedures, business model,intellectual property, brand, and right for selling the products and services of the firm tothe franchisee. The franchisee pays a suitable and agreed amount of money in returnwhich is specified in the Franchise Agreement.Partnerships: It is an agreement in which the parties or partners agrees to cooperate fortheir mutual interests and for achieving the shared goals. This partnership can be betweenthe firms, individuals, schools or governments etc. Through the partnership, organisationscan achieve their shared goals in effective manner for amplifying their reach.Voluntary organisations:This includes group of people or union who enter in to anagreement to work together for common interest and welfare of poor people. When two or more
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