Business & Business Environment Assignment Sample
Added on 2020-06-03
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BUSINESS AND BUSINESS ENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1LO1..................................................................................................................................................1P1 Explain different types and purposes of organisation............................................................1P2 Size and scope of different types of organisation..................................................................2M1 How structure, size and scope effect the business objectives...............................................3D1 Complexities of different type of business structures and interrelationship withorganisational function................................................................................................................4P3 Relationship between different organisational functions and their linkage withorganisational objectives.............................................................................................................4M2 Advantage and disadvantage of interrelationship between different organisationalfunction.......................................................................................................................................5P4 Positive and negative impact macro environment has upon business operations..................6M3 PESTLE model to support analysis of impact of macro factors...........................................8D2 Critical evaluation of impact of macro and micro factors on business operations................9P5 Internal and external analysis to know the organisations strength and weaknesses..............9P6 Interrelation of strength and weakness with external macro factors....................................10M4 SWOT analysis of both banks............................................................................................11CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONIn general economic senses business can be understood as the term which deals withactivities like production, purchase, extraction or sales of product and services etc. These aredone so as to earn money. Whereas environment refers to as surrounding in which business isoperating. Business environment can be understood as a set of conditions (internal likemanagement, money, machinery, material, human resource and external such as political, socialand economical, legal and social) in which business is operating. These factors have greaterimpact on the functioning of an organisation (Aterido, Hallward-Driemeier and Pagés, 2011).HSBC is one of the major private sector bank founded in the year 1865. It has around 85000employees. Bank of England is central public sector bank established in the year 1694. It wasnationalised in the year 1946 before that it was owned by the stake holders from the foundationof 1694. This report examines the different types of organisation, their size and scope and howare they operating. This report highlights the relationship of organisation with its stake holdersand the internal and external factors effect the business environment and its influence onoperations and decision making of a company. It showcases the way in which business structureare made so as to achieve desired objectives.TASK1P1 Explain different types and purposes of organisationMainly there are three kinds of organisation and they are divides according to theiroperations and purposes. Three sectors are public, private and voluntary. Public sectorcompanies are owned by government, they aim to share their profit with the public. Their mainpurpose is to provide essential public services as well as for the benefit of the company. Privatesector banks are those which are owned by individuals or group of people (Auzair, 2011). Theirmain aim is to make profit out of their business activities. Private sector organisations are likefranchises, companies, partnership and sole traders. Voluntary groups are those who aregenerally not owned by an individual however few are responsible for its target achievement anddecision making. Their main aim is to work for the welfare of people, community or animals.HSBC is the one of the biggest subsidiary bank in the UK. It was established in the year 1865 inBirmingham, Great Britain. It has approx 7500 offices in over 80 countries throughout the globe.Alone in UK it operates through 1800 sites. It has approx 8500 employees working in it1
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