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Business and Business Environment Assignment - WALMART

Added on - 08 Dec 2020

Types of Business Environment

This report is on "types of business environment". The present report is based upon WALMART. Its a leading retail corporation that operates a chain of grocery stores and hypermarkets. Apart from this, the report will be described the types and purposes of business organizations with their legal structure. The positive and negative impact of PESTLE analysis of Walmart is also going to be described. The business environment involves several factors, i.e. internal and external factors that have a vast impact on the working activities of the company.

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Business andBusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types and purpose of business organisations.....................................................1P2 Size and scope of business organisations..........................................................................2TASK 2............................................................................................................................................4P3 Relationship between various organisational functions with structure and objectives.....4TASK 3............................................................................................................................................5Covered in PPT.......................................................................................................................5TASK 4............................................................................................................................................5Covered in PPT.......................................................................................................................5
INTRODUCTIONThe term business and business environment plays a vital role in influencing businessdecisions in direct and indirect manner. It involves several factors, i.e. internal and external thathas a vast impact on working activities of the company. An effective manager is able todetermine future threats and opportunities for business associations and also evaluate theenvironment (Chetwood and et. al., 2014). The present assignment is based upon WALMART;its a leading retail corporation which operates a chain of grocery stores and hypermarkets. Apartfrom this, the report will be described types and purpose of business organisations with theirlegal structure. Positive and Negative impact of PESTLE analysis is also going to be described.TASK 1P1 Different types and purpose of business organisationsOn the basis of size and purpose, business organisations are classified into three differentparts, such as -Public sector organisations– These sector are considered as vital or critical pillar tostrength of a country's economy. Public sectors enterprises are started in order to fabricateinfrastructure for attaining economic growth and development(Crane and Matten, 2016).Suchorganisations are implemented, managed and controlled by central government of UK having100% in it.For example– DCMS (department for digital, cultural, media and sport) is UKgovernment organisation which is responsible for managing cultural and sport in England. Incontext of media, DCMS provide internet and broadcasting services.Legal structureDepartmental management – These undertakings are wholly dependent upon governmentand its associated bodies for finance. State and local treasury provides finances wheresurplus money is deposited in treasury.Public corporation – These sectors are created by a specific aim of state and centralgovernment. A public sector corporation has a separate legal entity to attain specificpurpose. They can also raise loans separately (Gharajedaghi, 2011).Private sector organisations- These associations are defined those firms in which factorsof production is owned by an individual and by the group of persons with an aim of profit1
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Business Environment Factors

From the above report "types of business environment", we conclude that the business environment plays a vital role in the growth and diversification of a firm in the marketplace. The report has stated size and scope of different business organizations and how it helps an economy. Various organizational functions, like- finance, human resources, and marketing must be managed in a proper manner cause it improves the quality of work. It results in WALMART can easily attain its goals and objectives in a certain time period. Apart from this, the positive and negative impacts of PESTLE are described in order to determine how such elements can affect business. An internal and external also has been conducted by assessing strengths, weaknesses, opportunities, and threats of the firm. Effective management of business functions helps to build a competitive framework for an association and also supports the firm to accomplish its goals and objectives. For a better understanding of the types of the business environment report, you can also check the Walmart business strategy and competitive advantage.