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Business and Business Environment Assignment - Halifax

   

Added on  2020-10-05

20 Pages5551 Words417 Views
BUSINESS AND THEBUSINESS ENVIRONMENT

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types of organisations with purpose and supply of goods.................................1P2 Size and scope of the organisations...................................................................................6M1 ..........................................................................................................................................8TASK 2............................................................................................................................................9P3 Organisation structures and functions...............................................................................9M2 ..........................................................................................................................................9TASK 3............................................................................................................................................9P4 Positive and negative impacts of macro environment.......................................................9M3.........................................................................................................................................12TASK 4..........................................................................................................................................12P5 Conducting internal and external analysis of an organisation.........................................12P6 How strength and weaknesses interrelate with external macro factors...........................14M4 Apply SWOT analysis and justify.................................................................................16CONCLUSION..............................................................................................................................16REFRENCES.................................................................................................................................18

INTRODUCTIONBusiness environment can be described about several factors which impacts on positiveor negative way on various kinds of operational activities of business. It is divided into twosections such as internal and external elements which influence different processes which arecarried out on an organisation to attain better outcomes on regular basis. It is mandatory toobserve, analyse and evaluate effects of these components to gain desired results in an enterprisein terms of boosting up productivity as well as profitability (Avramenko, 2012). This report isbased on is based on Halifax which is known as British bank that operates as a trading vision ofBank Of Scotland and own subsidiary of Lloyds Banking Group. In was founded in the year of1853, almost 165 years ago that provides financial services to people in United Kingdom. It isheadquartered in the city of West Yorkshire in UK. The assignment will discuss about differenttypes of organisations like private, public and private along with their size, scope, legal structureand objectives. It also includes discussion of primary, secondary and tertiary sector if thecompanies are operating in such field. The PESTEL analysis of an enterprise along with theirpositive and negative impacts on company will described below. TASK 1P1 Different types of organisations with purpose and supply of goodsBusiness Environment is that which has become an competitive in today's scenario. In anorganization it is required by firm to include all those resources which are required to perform acertain task in better manner. Organization is a group of people and have an particular purposesthat have an business or government department and also has an common interest to earn higherrevenues. The group of people is that who has an clear vision that lead to understand and manageevery task and work in better way. Even, it is there that business environment is an complex term1

as because it has an different nature and somewhere might also look for having a growth withsurvival of a particular firm. In UK every kind of business do exist like primary, secondary andvoluntary sector as because every economy do consider the every aspect of these sectors to bringthere economy in raising side in effective way. Basically, the term business organization isdivided into various criteria which has public, private and voluntary sector. These aspects can beunderstood in right context as: Private company: Sole trader.A sole trader is a person who do own there business which does not have an partner orany shareholder. Hence, a sole trader is the person who is legally responsible for all the aspectsof business performance, even they have a liability for the business finances as well. In otherwords, sole trader are considered as self-employed people. They are considered as legal structurein business, rather then having an number of employees in perfect way. Advantages: Control: Sole trader has an full control over the business, and they can run it an way asthey want without interruption of others too. Private data: Information about having an sole trader which do kept in private, unlikehaving an data with limited company that has an necessary public after registration withcompany. 2

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