Business and Business Environment- PDF
Added on 2020-10-05
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Political Science
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BUSINESS AND BUSINESSENVIRONMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11. Three different types of organizations their size, scope and structure....................................1TASK 2............................................................................................................................................41. Organizations structures..........................................................................................................42. Relationship between different organizational functions and departments............................6TASK 3............................................................................................................................................7PESTLE Analysis .......................................................................................................................7TASK 4..........................................................................................................................................10SWOT Analyses........................................................................................................................10CONCLUSION .............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness is the activity of increasing profit and making money by buying or producingand selling goods. Partnership, corporation and sole proprietorship are the types of business thatrun by individual or group of owners. External and internal environment influence onorganization business and other functions effectively (Prajogo, 2016). Both these factors cannotbe control by any company they affect their work performance, growth, profitability andsurvival. The present report will discuss about three different types of organizations and theirsize, scope and structure. Moreover, their advantages and disadvantages as well and explain inwhich sector they are work.Furthermore, this study clarifies two types of company’s structures that are the clients ofYORKSHIRE bank. It will also justify the relationship between the various organizationaldepartments and functions. This study explains macro environmental negative and positiveinfluence on business operations. This report discussed SWOT analysis to identify strength,weakness and other things about specific business and impact of micro factors upon decisionmaking function. TASK 11. Different types of organizations their size, scope and structurePrivate organization: Private Company is a non-governmental organization that ownedby many shareholders and other firm members with the aim of making money. Marks andSpencer is one of the most successful private industry that established there headquarter inWestminster, London (Wilson and Beard, 2014). M&S is a British multinational retailer that arespecializes in selling home products, clothing and luxury food goods. Size, scope and legal structure- They supply their services in many countries and satisfied their consumers by offer goodquality products. Michael Marks and Thomas Spencer both run their business effectively forincreasing profitability and productivity. They established their stores in many locations acrossthe North West of England. They expand their business into international level which make themmore popular (Beebe and Hemphill, 2017). There are number of employees who give theireffective work performance. M&S is private limited company that run their business privatelyand liability within members of their firm. They want to stabilize their business functions and1
spread their branches in all over the world is one of their biggest objective. Organization operatetheir business at primary sector that helps them for increasing profits.Advantages-Marks and Spencer is the private organization that is very beneficial for them becausethey are the owner of each profit (Toms and Zhang, 2016). They are legally entity with the firmfinances which are separate from its owner's finances. The biggest advantage of this company isthat they have legal reliable precedent to direct and guide their stakeholders and managers ordirector.Disadvantages-The most difficult thing for M&S as Private Limited Company is that they areresponsible for any loss in their business. Set up business at other place is more expensive thanpartnership or sole trader.Public organization: Public organization are operated and owned by the governmentwhich are existing to provide better services for their citizens. TESCO is a Public LimitedCompany which is held by thousands of people. It is a British international groceries and generalmerchandise retailer that build its headquarter in Hertfordshire, England, UK. Company is placedat the third largest retailer position in the world by measuring their gross revenues (Reilly, 2015).TESCO operate their business at tertiary sector which is segment of economy that give servicesto its customers.Size, scope and Legal structure-TESCO is one of the largest British organization within including number of employeeswho support business by hard work performances. They expand their brand with operating in 11other countries in the world. They diversified into such areas like retailing of books, electronic,clothing, furniture and internal services. They owned more than 800 shops which make themmore successful and powerful than its competitors. TESCO want to be more successful in futureand their mission is to offer the best services and products to consumers (Dawson and Henley,2015). The company is a public limited one which means that it is registered under CompaniesAct 1980 with having statutory minimum capital requirement and shares offered to publicsubjected to conditions of only limited liabilities. Advantages-2
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