This presentation provides an overview of the business environment, including the types of organizations, their purpose, size, and scope. It also discusses the impact of macro-environmental factors on business operations. References are included for further reading.
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Business and Business Environment Task P1, P2
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Covered content •Introduction •Objective •Types of organization •Purpose •Size and scope of various organization •Conclusion •References
Introduction Business environment consists of both internal and external factors which influence the operations of organisation. It is the responsibility of management of organisation to change their strategies and policies according to such factors to attain a large number of benefits.
Different types of Organisation Three different types of organisations are working in dynamic business environment. Every organisation has their different purpose and legal structure which differentiates them from each other. Private company Public company Voluntary Organisation
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Private company Alltheorganisationswhichare controlled and operated by the privateindividualsare consideredastheprivate organisation.Such organisations are not required to fulfil the conditions which are provided by Securities and Exchange Commission.
Public company Itincludessuchcompanies which are formed under UK companylaw;some commonwealth jurisdictions and the Republic of Ireland. Government has significant control over all the public limited companies.
Voluntary Organisation Oxfam is one of the voluntary organisationswhichwork regardingreductionof povertyfromworld.It providestheiroperations withthehelpoftheir volunteers.
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Continue…. Enterprises that are made up of 250 employees and have a annual turnoverof50 millionEuro and hasabalancesheet ofnot exceeding 43 million all come under the category of micro, small and medium enterprises.
Continue... Micro Enterprise: In this there are less number of employees. Thus it requires very less finance and resource to run the business. It require less number of employees so hence it selectslessstaffmembers.Forexampleprofessional placement resources.
Continue…. Scope: Company provide healthcare staffing services. Further, other services such as permanent placement, international nurse recruitment and process outsourcing is all offer by company. Organisation serve health are and different hospitals in US. Size: These are the organisation which operates their operations on small scale. It has very less employees such as 1- 20 staff members. It has revenues of less than 2 million approximately.
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Continue... Small Enterprise: It has more employees as compared to small organizations.Itrequireshugefinanceandotherhuman resources to start the business. For example talent plus is a small company. It has started their operations on bigger scale as compared to micro firms.
Continue... •Size:It has staff members in range from 20-80. It has revenues of around 70 million. •Scope: Talent plus is one of the top 50 best places and one of the most engaged workplaces. Company offer its services in various sectorssuchasautomotive,retailconsumerproducts, engineering, education, government and not for profit, service, manufacturing and ministry.
Continue... Medium Enterprise: It is a company which lies between small and medium organizations. It also requires huge resources to operate different activities in the firm. For example Granite properties.
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Continue... •Size:It operates their activities and operations on larger scale. It has earned revenues of around 1 Lakh million. In this 100- 160 employees work to attain set business objectives. It is between the small and large scale organization. •Scope: Company mainly focus on value creation and with help of its strong capital position which help in achieve strong returns and growth.
Size and scope of various types of enterprises Nestle:Nestle is a food and drink company which deals in large number of products. NHS:It is public organisation which provides health services in UK. Oxfam:It is combination of 20 independent charitable organisations which use the name of Oxfam to provide their services.
Stakeholder analysis High power – fascinated people High power – less fascinated people Lowpower–lessfascinated people Low power – fascinated people
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Conclusion It has been concluded from the above report that, John lewis is retail organisation which provides their products and services in all over the world. Large number of macro-environmental factors like political, economical, social, technological, legal and environmental have adverse impact upon the business operations.
References Trevino, L.K. and Nelson, K.A., 2016.Managing business ethics: Straight talk about how to do it right. John Wiley & Sons. Van Vuuren, T., Roberts-Lombard, M. and Van Tonder, E., 2012. Customer satisfaction, trust and commitment as predictors of customer loyalty within an optometric practice environment.Southern African Business Review.16(3). pp.81-96. Werther Jr, W.B. and Chandler, D., 2010.Strategic corporate social responsibility: Stakeholders in a global environment. Sage publications.