Business & Business Environment Assignment Solved
Added on 2020-09-17
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BUSINESS AND BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1Task 1 ..............................................................................................................................................1P1 Determining Purposes of different types of Organisations....................................................1P2 Size and Scope of different types of organisation.................................................................2Task 2...............................................................................................................................................4P3 Explaining Relations among different organisational purpose, their link with structures andobjectives.....................................................................................................................................4Task 3 ..............................................................................................................................................6P4) Positive and negative impact of macro environment on business firm................................6Task 4 ..............................................................................................................................................8P5 Studying on Internal and External Analysis..........................................................................8P6 Ways in which Strengths and Weaknesses interrelate with macro factors............................9Conclusion.....................................................................................................................................10References......................................................................................................................................12
INTRODUCTIONGrowth and success of an organisation are effected by two factors, Internal and Externalfactors which are embedded in Business environment. It is composed of two factors “Business”which means activities which performed to earn money like production, sales or purchases.Another is “Environment” which means the surrounding where activities takes place. There aretwo factors which affect an organisation: External and Internal Environment. There are five Mswhich fall under internal environment like money, machinery, management, materials and manpower. On the other hand, external environment consists of political, social, government andlegal factors. In this assignment company which has been chosen is Marks and Spencer (Abbreviatedas M&S) which is a British multinational company headquartered in London. It was establishedin 1884 by MICHAEL MARKS and THOMAS SPENCER in Leeds . The company isspecialised in sales of clothing, home products and luxury food items. In current, it has approx959 stores across UK in which 615 stores consists of only food products. There stores are openedacross the globe like they have 58 stores in India, 48 in Turkey, 37 in Russia and many more. Inrecent years there clothing sales graph has fallen while their food sales graph is on increasingrate. Under this assignment, deep research will be conducted on some specific topics likedifferent types , sizes and scope of the M&S. Important factors of macro and micro environmentwill be discussed in brief regarding M&S. SWOT and PESTLE analysis of the firm will beconducted in order to determine the strengths and weakness of an organisation. 1
Task 1 P1 Determining Purposes of different types of OrganisationsIn this competitive era, there are various types of organisation which perform to gain highmarket growth and vitality in target market (Belás, and et. al. 2014). On the basis of theiroperations, these business entities are divided into three categories, such are stated as under: - Public sector, private Sector and voluntary sector organisations but there objects aredifferent from each other. Public sector is owned and run by the government for people. Themain objective on which the public sector work is development and various benefits of society.There power source which is Finance comes from the people in form of tax and therefore used.For example M&S being a public company with partnership nature works according to the legalentities of the country yet Country's Govt (Boons and Lüdeke-Freund, 2013). does not interferein their business process. Making profit is their general objective and along with that expandingbusiness in global market , Increasing share in market and sales maximising are other factor onwhich they work upon. Private sector owned and run by private firms or we can say run by individuals. They canbe in form of partnership, sole proprietorship or it can be franchises. Although they are regulatedon the basis of rules and regulations formed by the Govt. yet they are not interfered by Govt.bodies and enjoys freedom. For example: McDonald is private firm who is working globally. Ithas various stores in different countries enjoys limited freedom and works according to its ownset of rules yet the major authority is under Govt. which only regulates the company policies andtheir working procedure. Voluntary sector is particularly not owned by any single body. However, some will beresponsible for ensuring that their aims and objectives should be set in an appropriate manner.NGO (Oxfam) can be stated as example of voluntary sector as mostly of them are not owned byany specific person but yet some people looks after the objectives of firms (Bryman and Bell,2015). It is structured to help the people in need and not only people but animals as well. In mostinstances they try to help particular types of living beings like stray dogs (providing them foodand shelter) or giving shelter to old people who lost their homes and many more. Break even is away by which survival can be done. 2
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