This presentation provides an overview of the types and purposes of business organisations in the business environment. It also discusses the size and scope of different types of business organisations and their stakeholders.
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BUSINESS AND BUSINESS ENVIRONMENT TASK 1 (P1 & P2)
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Content Introduction Different types of business organisations Size and scope of business organisations References
INTRODUCTION Businessenvironmentisamixtureofinternaland external factors that put a huge impact on organisation’s growth and success. WALMART is the chosen organisation here that involves various types of business organisations, their size and scope as well as vision, mission and business objectives.
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P1. TYPES AND PURPOSE OF BUSINESS ORGANISATION Business organisations are established by their owners for a specific purpose or aim which they want to achieve from their target market. Business enterprises are divided into three categories, that is, public, private and voluntary sector.
Cont.... Public Sector-This sector is owned and controlled by central and local government. Public sector is the part of economy which provides different government services.PURPOSE & EXAMPLE?????????? Private sector– Such kind of organisations are established in ordertogainprofitsfrommarket.PURPOSE& EXAMPLE?????
Cont.... Voluntarysector–Charitiesandnon-profit organisations come under this category.PURPOSE & EXAMPLE????? UNDEREXAMPLE,GIVEONLYONE FIRM’S NAME AS ON THE BASIS OF SAME, P2 NEEDS TO BE ANSWERED.
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Cont.... Growth and development of international business environment:- The term international business relates with all those business activities which are involved in transactions of goods and services among two or more countries.
P2. SIZE AND SCOPE OF DIFFERENT TYPES OF BUSINESS ORGANISATION In competitive market, business organisations are segregated into three categories, that is, small, medium and large. You need to use the same firms as chosen in P1 and required to define their background, products/services they provide, size and scope of organisation, vision and mission, business objectives, organisational and legal structure along with information about their stakeholders. You have been asked to provide stakeholder map with brief explanation. Refer business environment guidance notes
Cont.... Small sized business enterprise– It has been stated that, small business owners are always been the backbone of UK’s economy. For example- ANS group is small business enterprise of UK. Its mission and vision is to earn long term growth from competitive market. Medium sized business enterprise-Medium sized business organisations are dealing with state level. For example- Studer Group of UK is come under such kind of business enterprises. Its main vision is to attracting more clients by giving them better health care treatments. Large size business organisation– Such organisations are concerned with global and domestic market. For example- WALMART is come under the type of large business organisation. The vision of this is to become world's largest number one retail industry.
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REFERENCES Wild, J., Wild, K.L. and Han, J.C., 2014.International business. Pearson Education Limited. Xue, X., Shen, Q. and Ren, Z., 2010. Critical review of collaborative working in construction projects: business environment and human behaviors.Journal of Management in Engineering. 26(4). pp.196-208. Yoon, J., 2012. Detecting weak signals for long-term business opportunities using text mining of Web news.Expert Systems with Applications.39(16). pp.12543- 12550. Zeng, L., Li, L. and Duan, L., 2012. Business intelligence in enterprise computing environment.Information Technology and Management.13(4). pp.297-310.