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Business and Business Environment Assignment- Virgin Money

   

Added on  2020-06-04

11 Pages2565 Words127 Views
BUSINESS AND BUSINESS ENVIRONMENT

Table of ContentsINTRODUCTION...........................................................................................................................................3P.1 different types of organization.........................................................................................................3P2. Size and scope of different types of organization.............................................................................4P3 role organization functions helps to achieve the target ...................................................................5P4 Positive or negative factors of macro environment upon business operation..................................6P5 Internal and external analysis of organization to identify the strength and weaknesses..................7P6 strength and weaknesses interrelate with macro factors..................................................................8CONCLUSION...............................................................................................................................................8REFERENCE................................................................................................................................................10

INTRODUCTIONBusinessorganization is affect from business environment there are many factors which affects company growth directly or indirectly weather it is private sector public sector. In this project includes the topic of business or business environment. Its role and scope, PESTLE analysis of macro environment will be discussed. Strength and weaknesses interrelate with macro factors also will be discussed and its effects on the virgin money which is a UK based company provides financial services or credit cards facility along with some complementary benefits. P.1 different types of organizationThere are different types of organization is present. This organization are divided into three sectors public, private, or voluntary organization. These all sectors are worked differently. Public sector is controlled under the government. ( Ebert, Griffin, Starke, and Dracopoulos, 2014) The main objective of government is to provide support to public people pay taxes this tax government use in public sector. The main goal of public sector is to provide public services and increase the development of community. Private sector is run by private individuals for the profitmaximization. Organization helps to share the risk and works between the individuals which helps to accomplish the overall objective. It helps to achieve the opportunities in terms of organization growth. Voluntarily organization is run for the main objective is to provide services to disabled person they arrange funds from the big business mans or take hep from government. Three types of organization explain below:Public sector: Public organization are this organization usually work for public interest operatedby government they provide many goods and services for their community. They generate their money through money in term of taxes, fees etc. Public company have right to issue stock and shares for public. Public sector owns the services to provide customer satisfaction and deliever the best product and services to their citizens.Purpose: the main purpose of public sector is to protect the interest of public and increase the standard of living. It also aims to transfer the economy in positive terms. And creates sources of capital formation. It provides development of economy. Public company

provides great opportunities in terms of development and increase the infrastructure facilities.Legal structure: public companies are undertaken by government rules and regulations.Private organization: private organization run by individual’s persons with one motive earn maximum profit by giving product and services for example virgin money which provides personal equity plan and credit card services it is a UK based company. Private companies are also known as privately held company private company different from public company because the does not provide shares or stock to the public. Purpose: the focus of private companies is to get maximum profit and sustain in the market as long. The main purpose of private firms is to survive in the market as long. It also gains large number of profit in the market.Legal structure: In this private sector individuals runs their business on its own ways in this type of structure they follows their own rules and regulations.Voluntarily organization: this organization are generally setup for those people who does not afford their basic needs or disabled peoples for blind peoples, this organization is also known as nonprofit organization. This organization are generally in form of group, union leaders etc.Purpose: the main purpose is to protect disabled person. Voluntary organization performs various task to improve the welfare of the society its main aim is to provide basic needs. Legal structure: voluntary organization adopts generally three types of legal structure that is unincorporated association, trust and company limited by guarantee.

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