Business and Business Environment (Task1)

This presentation provides an overview of the business environment, including different types of organizations and legal structures, the size and scope of various organizations, and stakeholders analysis. It also includes references for further reading.

Business and Business
Environment (Task1)

Table of Content
 Introduction
 Different type of organization and legal structures
 Size and scope of a range of various types of organization
 Conclusion
 References

Introduction
Business environment is a combination of various elements
which impact on the overall performance of company. It incl
udes internal and external environment that influence busine
ss activities in an effective manner in order to achieve organ
izational goals and objectives.

Different type of organization and legal
structures
Every business executes their activities by individuals and
group of people to earn higher profitability in the
marketplace. For this, it is important for the owner of
company to identify customers’ needs and wants of its
products and service so that they undertake various reteaches
to get systematic information about it.

Continued...
Private limited company: T
hese organizations are totally
controllable by the private gro
ups and individuals is called a
d private limited company. In
this, the firm do not invite pu
blic to buy its shares.

Continued...
Sole trader: This organization held by the one person who execu
te their business activities on basis so that they responsible for the
every type of profit and losses.
Partnership: In this, when two or more persons as well as indivi
duals come together and start their business operations, it is calle
d as partnership.
Franchising: In this, the individual is known as franchisee and th
e owner of popular business is called as franchiser who give perm
ission to the franchisee to use his brand name

Continued...
Public company: This type of business is fully controlled by
the government bodies and they take all the decision as per th
eir set rules and regulations. This type of public company defi
nes and provides their new and innovative products to its cust
omers in order to achieve higher satisfaction by them.

Continued...
General government: It includes various legal structure whi
ch are related to the public sector:
Central government
State government
Local government
Public corporations: In this association it controlled by num
ber of people. It is publicly traded their shares.

Continued...
Voluntary sector: This type of organization is not controlled
by the person. The main purpose of this organization is to incr
ease the social welfare by providing effective services to the p
eople and reduce poverty in the country. It is based on improv
ing the living standard of the individuals and its affect the gro
wth of the economic in positive manner.

Size and scope of a range of various
type of organizations
Nature and size of the company affect the scope and it is depe
nd on it. If any firm operate their activities at large level so th
at the scope is also large and those firm deal their business act
ivities at small level so that they having less scope in marketp
lace.

Continued...
McDonald's is a public sector company which deal their oper
ational activities in different countries and it is more popular
brand which having many store in the world. They include m
ore than 30000 workers in their activities who make quality p
roducts to its customers in order to archive higher satisfaction
by them.

Continued...
Burger king is a private sector company because the main targ
et of this company to generate more revenue in effective man
ner. They operate their business activities to get its target and
its affect the overall performance of the business.

Continued...
Stakeholders analysis: In business environment stakeholders
play an important role because they provide their opinion and
financial helps to firm in order to achieve its goals and objecti
ves inappropriate manner.

References
Al-Debei, M. M. and Avison, D., 2010. Developing a unified
framework of the business model concept. European
Journal of Information Systems. 19(3). pp.359-376.
Astrachan, J. H., 2010. Strategy in family business: Toward a
multidimensional research agenda. Journal of Family
Business Strategy. 1(1). pp.6-14.

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