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Business and Business Environment Assignment - McDonald organisation

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Added on  2020-11-23

Business and Business Environment Assignment - McDonald organisation

   Added on 2020-11-23

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BUSINESS ANDBUSINESSENVIRONMENT
Business and Business Environment Assignment - McDonald organisation_1
Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................31. Overview Of Different Types Of Organisations................................................................32. Details Of Different Types Of Business Organisation.......................................................43. Functions Of McDonald And Its Interrelationship With Organisational Objectives And ItsStructure.................................................................................................................................74. Positive And Negative Impact Of Various Macro Environmental Factors On BusinessOperations...............................................................................................................................95. Internal And External Analysis Of McDonald To Identify Strength And Weakness......126. Interrelationship Between Strength And Weakness With External Macro Factors.........14CONCLUSIONS............................................................................................................................16REFERENCES..............................................................................................................................17
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INTRODUCTIONEvery business organisation gets affected by its environmental factors. Both internal andexternal factors affect the business and its environment. So in order to get competitive advantageand sustain in market, every organisation needs to analysis its business environment and make itsstrategies accordingly. Various types of organisations are explained in this report, their size,scope and legal structure are also explained. In this study report, McDonald's mission, vision andits business objectives are discussed. PESTLE and SWOT analysis is done to analyse the internaland external factors of Mark & Spencer and their positive and negative impacts are explainedfurther. MAIN BODY1. Overview Of Different Types Of OrganisationsOverviewIn this study, various types of organisations are explained in brief. An organisation aimsat providing goods and services to its customers and satisfy them. There are various types oforganisations such as sole proprietors, partnership firms, private limited companies, publiclimited company, Multi National Company(MNC), global company, etc.McDonald's is a privatelimited company operating its business fast food chain restaurant and offers wide range of foodproducts and beverages. Organisations can be divided in three main categories such as:Private Organisation: These are the organisations whuich have shareholders who owns theshares of business and are owners. The shareholders or owners have limited liability in company.The private limited company requires paper work and legal requirements to start its businessorganisation and its accounts needs to be shared with government. Mcdonald is a private limitedcompany operating its business fast food chain business. PVT ltd companies can be categorisedinto following:Sole proprietor: Such type of business is operated and run by one person who is the owner ofbusiness. The owner is solely responsible for liability of business. The sole proprietor businessorganisation is easy to set up and starts with less legal requirements and it is usually adopted bysmall business entities(Springer and et.al., 2017). It includes small business such as art studios,local grocery shop, IT consultation service, restaurants and hotels, etc. This type of business areprofit oriented.
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Partnership firms: These firms are owned and directed by two or more partners and is governedby a Partnership Agreement. The partners jointly bring resources to the business entity anddivide profits among themselves. Partners share roles and responsibilities and also have liabilityfor business. The partnership businesses are generally profit oriented. Partnership firm focus onprofit maximization to survive in competitive business environment. Public Limited Company is a government corporation where shares are traded in stockexchange through Initial Public Offering(IPO). It requires many legal requirements and officialdocuments and it is very complicated to set up. Public limited company should be registeredunder the companies act, 1980. Public limited company sells its shares to individuals ororganization freely and without any limitation. NHS is a public limited company which provideshealth care services to clients. The main purpose of public organisation is to serve the citizens ofthe country.Voluntary Organisations: Voluntary organisations can be referred as unions or group ofindividuals who volunteer for the formation of the body in order to achieve a particular objective.The main purpose of Voluntary organisation is to serve humanity by providing various servicesfree of cost and does not have profitability objectives. For Oxfam is the voluntary organisation. Multinational company is a large business organisation operating its business in theglobal markets, or in more than one country. MNC have office and factories in differentcountries and usually have a centralised head office for co-ordinating the work. MNC's businesshave huge turnover and face large number of competition and have to follow legal requirementsgiven by government. MNC'S are profit oriented and always find ways for expansion anddevelopment in order to expand its market share. Honda company is operating its business inmore than one country and is a multinational company(Hannington, T., 2016). Joint venture business organisation are undertaken by two or more persons and theyshare revenues of its business i.e. profits and looses as well. Joint venture is not considered asbusiness organisation, it is a kind of partnership, proprietorship and corporation. Licensing refer to when a business organization or business arrangement givespermission of manufacturing its product and services to another company for specifiedconsideration is known as licensing. There are various methods for licensing such as patents,trademark, intellectual property, copyrights or designs.Summary
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