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Business and Business Environment INTRODUCTION 1 Task 11 P1 Different Types of Organisations

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Size and scope of different types of organisations3 M1 Size, scope and structure of different organization link to business objectives 5 D1 Complexity of different business 5 TASK 25 P3 Relationship of different organisational function and their link to organisational objectives and structure 5 M2 Advantages and disadvantages of interrelationship 8 TASK 38 P4 Impacts of macro environment upon business8 M3 Application of PESTLE 10 TASK 410 P5 Internal and external analysis 10 P6 Interrelation of strength and weaknesses

Business and Business Environment INTRODUCTION 1 Task 11 P1 Different Types of Organisations

   Added on 2021-02-21

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Business and Business Environment
Business and Business Environment INTRODUCTION 1 Task 11 P1 Different Types of Organisations_1
Table of ContentsINTRODUCTION...........................................................................................................................1Task 1...............................................................................................................................................1P1 Different type and purpose.....................................................................................................1P2. Size and scope of different types of organisations................................................................3M1 Size, scope and structure of different organization link to business objectives....................5D1 Complexity of different business...........................................................................................5TASK 2............................................................................................................................................5P3 Relationship of different organisational function and their link to organisational objectivesand structure.................................................................................................................................5M2 Advantages and disadvantages of interrelationship..............................................................8TASK 3............................................................................................................................................8P4 Impacts of macro environment upon business........................................................................8M3 Application of PESTLE.......................................................................................................10TASK 4..........................................................................................................................................10P5 Internal and external analysis...............................................................................................10P6 Interrelation of strength and weaknesses with external environmental factors....................11M4 Application of SWOT.........................................................................................................12D2 Macro and micro factors impacts on business.....................................................................12CONCLUSION..............................................................................................................................12REFERENCE.................................................................................................................................14
Business and Business Environment INTRODUCTION 1 Task 11 P1 Different Types of Organisations_2
Business and Business Environment INTRODUCTION 1 Task 11 P1 Different Types of Organisations_3
INTRODUCTIONBusiness environment is related with internal and external factors such as customersneeds and expectation, supply and demand, employees, management, owners, activities bygovernment, social trends, market trends, technology etc. Internal factor can be control byorganization whereas external factor cannot be control by entity (Linder and Williander, 2017).This report is about Merrill Lynch investment company that is leading firm in United Kingdom.Such organization provides different types of services such as investment banking, commercialservices, financial products etc. . This report is about different types and purpose of organization,size and scope, relationship between different organizational functions, macro factors andinternal and external analysis of specific organization.Task 1P1 Different type and purposeOrganization involves number of units that are developed by business concern to managebusiness activities that helps to meet with objectives. It consist of different types of business thatis run by a person for maximizing profits. This is a structure that mainly focus on customer needsand wants and then provides that kind of products for satisfying customers. Organization can beclassified in to different sectors such as sole proprietor, limited, partnership, public and voluntarysectors. All sectors and its purpose are defined as: Sole trader: An individual or entrepreneur who run its business personally is known assole trader. In this sector all activities are performed by a single person who is responsible forany profit and losses. For instance, Oaks Auditors and Tax Advisors are sole trader who has fullcontrol over decision making and profits of company. In this types of organization, no otherperson can interfere within decision of company. Purpose: The main purpose of sole trader is to expand its business and makemore profits by taking risk. So selected company make decision in order to makeprofits. Legal structure: The legal structure of Sole trader considers single owner,unlimited liability and separate legal entity that run their business. Oaks Auditors and Tax Advisors is following unlimited liability legal structure. 1
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