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Business and Business Environment - Aldi Company
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Added on 2021-01-01
Business and Business Environment - Aldi Company
Added on 2021-01-01
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Business and BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1P1 Different types of business concerns and their legal structure..........................................1P2 Size and scope of different types of organisations............................................................3TASK 2............................................................................................................................................5P3. Relationship between different organisational functions and how they help in achievingorganisational objectives........................................................................................................5TASK 3............................................................................................................................................6P4 Positive and negative impacts of macro-environmental factors........................................6TASK 4............................................................................................................................................8P5 Internal and external analysis of specific organisation to identify strength and weaknesses8P6 Interrelation of strengths and weakness of macro environment elements on a company.9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness environment is a quite wide term which comprises of a sum total of all internalas well external factors that are present within a business concern. These factors are expected tolay a quite significant impact on overall performance of a business. It comprises various keyfactors such as customers, political factors, technology, suppliers etc. All these factors have aquite significant impact on maintaining successful business relationship with customers(Business environment. 2018). This report has been framed on ALDI which is a private sectorbusiness concern and deals in retail sector. It is a supermarket chain which is headquartered inGermany. This report deals with various types of business concerns such as private public andvoluntary along with their legal structure. Interrelationship between various departments of abusiness concern along with their critical analysis have been specified. This report also focusseson external market analysis with tools such as SWOT and PESTLE. P1 Different types of business concerns and their legal structure.Business environment is a quite broad aspect which comprises of all internal as well asexternal factors that affect business and its overall functioning as well. Each and every businessconcern nowadays has different aims and objectives which they want to fulfill. Various types ofbusiness concerns along with their legal structure have further been mentioned as under: Private Organisation: It is the type of organisation which is fully owned and managed byan individual, agency, corporation or by partnership. These kind of organisations are generallyrun by the people for making money. Company chosen in this context is ALDI which is asupermarket chain store. Purpose of private organisation: Main aim of ALDI is to enhance its overallproductivity by providing excellent quality goods and services. Legal structure: Legal structure of private sector companies can further be divided intotwo categories which has further been explained as under: Sole Proprietorship: It is a type of business which is assumed to be owned managed andcontrolled by a single person (Calabrese and et. al., 2018). In this type of business only oneperson is entitled to entire decision making. 1
Partnership: It is a joint form of business where two or more individuals pool their fundsand resources in order to run a business. Here profits and losses of a business are shared equallyby individuals. Public Organisation: Any company or organisation which is run by the government ofthe nation comes under Public Organisation. These type of organisations mainly formed by thegovernment under a special act of parliament (Cumming and Zahra, 2016). All the powers,objectives, rules and regulations of the organisation is decided by the government or by the act oflegislature. An example of public sector company is Crown prosecution services which providesjudicial advice to intelligence agencies. Purpose of public sector company: Crown prosecution services or CPS aims towardsproviding judicial and law based advice to investigation agencies and general public so that theycan easily resolve their legal issues. Legal structure of public organisations: In context of legal structure public sectorcompanies can further be divided into two categories which has been discussed as under: State government: Companies that are run managed and controlled by state governmentfall in this category. Main aim of such business concerns is to monitor requirements of commonpeople.Local government: Companies that are run managed and controlled by local bodies arereferred to as local government companies. Such businesses aim towards fulfilling needs andrequirements of people. Voluntary Organisation: The word is derived from the Latin word “Voluntas” whichmeans freedom and will. This type of organisation is not controlled or directed by thegovernment. It is fully owned by the members and not by any external forces. Providing Socialservices to the needy people, poor, old aged is what voluntary organisation is worked for(Charter, 2017). An example of voluntary business concern is Cancer research UK.Purpose of voluntary organisation: Main aim of voluntary organisation Cancer researchis to control number of deaths that may happen due to deadly diseases such as cancer. This ispossible only by researching about new technology and remedies. Legal structure of voluntary organisation: Legal structure of every company is differentfrom another. Hence in context of legal structure of voluntary companies it can further bedivided into two parts. 2
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