Business and Business Environment on KFC Assignment

Business and Business
Environment

Table of Contents
INTRODUCTION ..........................................................................................................................1
LO1.........................................................................................................................................1
P1 Different types and purposes of organizations..................................................................1
P2 Size and scope of different organizations.........................................................................3
LO2.........................................................................................................................................5
P3 Relationship between different organizational functions .................................................5
LO3.........................................................................................................................................5
P4. Positive and negative impact of macro environment on business operations..................5
LO4.........................................................................................................................................9
P5. Internal and external of organisation in order to identify strengths and weaknesses.......9
P6.Strength and weaknesses interrelation with external macro environment......................11
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Business environment is a total of internal and external factors that influence the
business. The business environment helps in identifying growth and opportunities by analysing
various factors such as external and internal, these factors plays an important role in the
organizations to execute the business related activities within and outside the firms(Babu, K.,
2012).This report is about KFC, an American fast food chain which is also known as Kentucky
Fried Chicken. It was founded by Harland Sanders and the companies headquarter is situated in
U.S. This assignment will also cover the roles and scope of public and voluntary companies and
the effects of internal and external factors on business environment.
LO1
P1 Different types and purposes of organizations.
The public, private and voluntary are three different types of organizations which varies
from one another's functions and scope. In this report KFC, an American fast food chain is taken
as private company. British broadcasting corporation as public and Maytree foundation as
voluntary company the main objectives and functions of these organizations is to serve the public
and to earn profits (Bartlett, and et. al., 2013). Here the characteristics, mission, vision, role and
scope of these institution's is explained further
Public sector: This sector is controlled either by central, state or local government.
Public services are defined as government services such as military, public infrastructures as in
roads, bridges, tunnels, water supply and public telecommunication and transits. Here British
broadcasting corporation is selected as a public corporation it is a mass media industry and a
public service broadcaster.
Background: BBC was founded by John Reith on 18 October 1922 and it came into
existence on 1 January 1927. Its headquarter is in London , it's services are enjoyed worldwide
and 20,916 employees works within the organization. This is a worlds oldest broadcasting
corporation it uses radio, television and web portals to render its services. BBC is a broadcasting
organisation that’s why it gets revenues from different services it offers to its customers such as
advertisements, reception advice and many more (Belás, and et al., 2015)
Objectives: The basic objective of British broadcasting corporation is to serve the citizen
of the country with the fair and knowledgeable facts.
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Vision: The vision is to provide empowerment to people.
Mission: To reach the population of millions through creative communication and to
make them aware about their rights and responsibilities.
Legal structure: The public sector corporations are regulated by the central, local and
regional governments and these corporations are fully financed by the government. A public
institution is able to manage its affairs with independence and flexibility.
Central government: This government has the political authority that governs an entire
nation. It focuses on the large public corporations and are governed and controlled by the central
government.
Local government: It is a form of public administration which operates at small level.
The wider areas are not covered by this government it only focuses on the minor regulations of
the public sectors.
Regional government: This government is a type of municipal government which
focuses on the affairs of the particular place where the public organization is situated.
Private sector: This sector is sometimes considered as citizen sector which is regulated
and owned by the private individuals usually to earn profits. Private sector serves in the areas
such as finance, information technology, mining, transport, education, telecommunication,
manufacturing, banking, pharmaceuticals etc. Here the food industry KFC is selected as a private
organization.
Background: KFC is an American fast food chain founded by Harland Sanders on 20th
march 1930. this is also known as Kentucky Fried Chicken. It serves worldwide in 22,621
locations, Its headquarter is in U.S and the parent brand of KFC is yum brand which is operated
outside of china(Boons, and Lüdeke-Freund, 2013)
Vision: To sell healthy food in a fast and friendly environment.
Mission: To improves shareholders values and also aims to maximise the profitability.
Legal structure: The private companies has their own separate legal entity, These
companies need to full fill the rules and regulations to start the corporations. important details of
the company.
Sole trade business: The business activity which are carried by a single person is define
as sole trade business. Here the paper work gets easier because of non-intervention of others. The
profit and risk are not shared with anyone in the sole proprietorship.
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