Introduction To Business Environment Business Essay

Added on - 23 Dec 2020

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BUSINESS ANDBUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Section 1. Essay...........................................................................................................................1PART 2............................................................................................................................................5(a) PESTEL model to analyse impact of macro environment.....................................................5(b) Swot and Porter's five force model........................................................................................6CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10
INTRODUCTIONBusiness and business environment is an environment in which organisations workconsidering their values and objectives, both the values and objectives are interrelated with eachother. This is why because business exists in a kind of environment which impact negatively andpositively (Hillary, 2017). Eventually, business environment is wide term that includes microand macro both kind of factors. Herein, the project report various kind of business organisationincluding profit, non profit and non government are mentioned as well as their purpose also.Apart from these, the report contains detailed information about the different tool of environmentanalysis like pestle analysis, swot analysis etc. The main aim of the project report is to evaluatingabout the impact of external environment on the businesses.MAIN BODYSection 1. EssayIn the context of business environment, there are various kind of organisations and eachhave own purpose, size and scope (Shenkar, Luo and Chi, 2014). Majorly three types of businessorganisations can be seen in the environment which are profit, non profit and non governmentorganisation. Herein, the profit organisations are those organisations whose activities andoperations are directed to earn profit. The best example of these types organisation is the“Ocado” that try to generate more revenue by offering a wide range of products and services. Onthe other hand, non profit organisations work without expectation of any profit, they try to servepublic. The “NHS” is a kind of non profit organisation that provide services to improve thehealth of backward class and other poor people. While non government organisations are alsoknown by voluntary organisations. They work without any control of government and for help tothe needed people. These type of organisations work in the field of education, health, povertyetc. “Oxfam” is the best example of the non government organisation which is focused to reducepoverty at international stage. All these organisations are different from each other. This is whybecause all three organisations have different purpose, area of service and nature. Like motive ofprofit organisations is to earn more revenue and profit. On the other hand non profitorganisation's motive is to serve the general public according to the government rules andregulation. While NGO (non government organisation)'s motive is to focus on the social issuesand try to resolve them. As well as, in the profit organisations their source of fund is the sale of1
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