Business and Business Environment - P1 Different Types & Purposes
Added on 2020-10-22
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BUSINESS AND BUSINESS ENVIRONMENT
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1 ...........................................................................................................................................1P1 Different types & purposes of business organisations...........................................................1P2 Size and scope of different types of organisations.................................................................3TASK 2 ...........................................................................................................................................6P3 Relation among different organisational functions and their link with objectives &structure.......................................................................................................................................6TASK 3 ...........................................................................................................................................8P4 Positive and negative influence of macro environment on business operations....................8TASK 4 ...........................................................................................................................................8P5 Internal and external analysis for identifying strengths & weaknesses.................................8P6 Interrelationship of strengths and weaknesses with external macro factors.........................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12.......................................................................................................................................................13
INTRODUCTION Business environment belongs to different internal and external factors that directly aswell as indirectly impact the operations or activities of enterprise. In other words, business andenvironment both are different words and have not similar meaning. In this business consists asa human activities which includes production, extraction, sales or purchase of products that areperformed with motive to maximising profit (Business Environment, 2018). While environmentconsists as an effective part of surroundings. As per the both concepts, business environment isidentify as a set of conditions including institutional, legal, social, economical and politicalfactor, all these are uncontrollable as well as highly influence the functions and activities of theenterprise. This report is based on different three types of organisation namely private, publicand voluntary. Example of these business are Coca-Cola, Department of Works & Pensions andWorld Vision International. The current report includes scope, types, purpose and size oforganisation. Along with this, different functions of organisation which are interrelated with thestructure and objectives of company. Further negative and positive effects of macro environment,SWOT Analysis and their connection with them also explained in this project which effects onthe decision making.TASK 1 P1 Different types & purposes of business organisationsEach and every enterprise may have various goals and purposes that they require toaccomplish while establishing the business operations and activities in marketplace (Avramenko,2012). However, some enterprise mainly run their functions in order to earn maximum numberof capital whilst some other organisations primarily operates to meet the needs and wants of theirclients. Thus, the intention of each entire business are not exactly same. There are variousenterprise present in the marketplace that is public, private as well as voluntary sectororganisation. Purpose of all these enterprise are determined as below: Public organisation: These type of business can advertise to serve its share to public viaa prospectus. They required minimum 7 members in the operations and activities of suchorganisation. Stock of public limited company can be acquired by holders and anyone are onlyconstricted to potentially lose. Purpose of this business is to work for the welfare and1
development of society. In this selected public organisation is department of work & pensionswhich are explain as below: Department of Works & Pensions: It is the largest department of government in UK, andis liable for welfare and pension policy. It was formed in 8 June 2001 by Esther McVey atUnited Kingdom. Main purpose of such organisation is to work for the development andprogress of society. Purpose: They are responsible for pensions, welfare and child maintenance policy.Another motive of this enterprise is to encouraging people in order to work and developing workpay and rendering value for capital and decreasing levels of error and fraud (Bovee, Thill andRaina, 2016). Legal structure of public organisationCentral government: It is a part of state and central government that make differentrules and regulations. They are responsible for controlling all activities and operations oforganisation.State government: In this business organisation, state government play vital role fordeveloping business operations and functions in an effective and efficient manner. Mainpurpose of these government is to operates business activities successfully. Local government: In the public sector, local government has various roles to regulateall activities in an effective way. Private Organisation: It is another type of organisation which are owned by private individuals.There are some examples of such enterprise including sole traders, partnership, franchise andpublic and private companies. Purpose of private organisation are growing their businessoperations, making profit, maximising profit and increasing market share (Cai and Yang, 2014). Coca-Cola: It is a carbonated soft drink company which cover entire area of UnitedState. It was introduced in 8 May 1886 by John Pemberton. They produce different variety in itsbeverages across the world. Purpose: Company has different purpose which are explained as below: To understand the core values, mission and vision. To know the external and internal atmospheres in which Coca-Cola run or operates. To know the future prospects of various products. To recognise and characterize the various growth strategies used by company. 2
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