Business And Business Environment - Morrison
Added on 2020-06-05
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BUSINESS AND BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types and purpose of organisations with their legal structure...........................1P2 Size and scope of different type of organisation...............................................................4P3 Relationship between functions of various organisation...................................................7TASK 2............................................................................................................................................9P4 Positive and negative impact of macro environment........................................................9P5 Internal and external analysis to identify strengths and weaknesses..............................10P6 Strengths and weaknesses interrelated with external macro factors...............................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONBusiness environment consist of external and internal factors that have a huge impact onthe functioning of a company and this mainly includes, customers, demands and supply andcultural that is followed by an organisation (Hilton and Platt, 2013). Thus, in order to run abusiness in an effective manner it is crucial that company make sure that all the factors are takeninto consideration so that effective planning can be made. Present report will focus on thebusiness environment of Morrison. This company comes under fourth largest supermarket inUnited Kingdom. Currently, firm is having approximately 498 stores and planning to expandtheir business in other geographical area as well. Report will focus on different kinds of activitiesat micro level which involves objectives, functions and culture. Moreover, in order to know theimpact of both external and internal factor SOWT and PESTLE analysis is being done so as tohave better understanding. TASK 1P1 Different types and purpose of organisations with their legal structurePublic Sector OrganisationsThese are the kind of organisations that are regulated and owned by government of anation and it basically comes under public sector. Thus, they are the firms that work with themotive of providing services and facilities to customers instead of earning profit. Organisationsthat are included under this are majorly educational institutions, health care service providers,infrastructure etc., Therefore, in order to raise funding for these institutions government taketaxes, fees and other activities from federal to state government (Welford, 2013). As companiesregulated by regulatory bodies are giving better services so they are growing rapidly in most ofthe states in comparison of private companies. But in terms of United Kingdom, privatecompanies are growing in a rapid speed and they are generating more and more revenues fortheir organisation. Legal structure: This basically, constitutes two formsvia general government and publiccorporations and both the elements are below for explained below:General government:Central government: In United Kingdom they are the one who set rules and regulationsfor people and company who are operating their business. Central government work with the1
purpose of collecting taxes from public and organisations and along with this they print moneywhich can be regulated in order to increase economy of the nation (Wetherly, 2014). State government: In accordance to fundamental point of view, state government has apolitical nature and they work in collaboration with national government. Main motive behindestablishing this kind of government is to have a control over education and its related activitiesso that a better education can be provided to the citizen of that nation. Local government: Administration body that are included in this works in smallergeographical areas like town, city or state. Thus, it is important that local government look afterthese areas so that place can be developed. Therefore, these regulatory bodies formulatedpolicies for the betterment of the citizen living there. Public Corporations: Firms who hold shares in public for trading which is held bynumber of shareholders can be define as public corporations. Their liabilities are limited and itsoffers are sold as securities (Moutinho, 2011). Purpose of Public Sector Organisation: Main motive of public sector organisation is toproviding services and facilities to communities so that their life can be made better and easier aswell. For example: transport facilities that are provided by regulatory bodies are for theconvenience of public so that they can travel from one place to another without any problem.Therefore, their main purpose of is to provide services instead of earning profits. Private Sector OrganisationsCompanies that come under this, work with the purpose of gaining profits and these firmscan be run by a group or individuals. Regulatory bodies don't have any kind of control over theseorganisations and some of the examples are retail company, hospitality etc., they contributesmajor percentage in the GDP of a nation. With respect to United Kingdom there privatecompanies are contributing 89 percent of their revenues in GDP. Therefore, these company workwith the purpose of establishing its firm in different areas and locations so that maximumbenefits can be gained.Legal structure: Sole Trader: These kind of business are led by a single person and require less finance inorder to set their business. In this it is easier for business in changing their structure according tothe needs and wants. But it has some limitations as well as unlimited liabilities are at risk and itcan be taken in a wrong manner (Halbert and Ingulli, 2011). 2
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