Business and the Business Environment Assignment : Hilton
Added on -2021-02-21
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Business and theBusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 ...........................................................................................................................................1P1) Difference between public, private and voluntary organization......................................1P2) Study size and scope of different types of organization. ................................................4TASK 2............................................................................................................................................5P3 Relationship Between Different Organisational Function and their Link to OrganisationalObjectives and Structure.........................................................................................................5TASK 3............................................................................................................................................6P4) Identify positive and negative impacts of macro environment on business operations. .6TASK 4............................................................................................................................................8P5) SWOT analysis carried for the company Hilton..............................................................8P6) Interrelation between strengths and weaknesses with external macro factors...............10Conclusion: ...................................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness refers to the platform where goods or services are exchanged with each other formonetary value. Here, seller sell the product and buyer purchase the goods in order to meet theemerging needs of the customers. It is important to carry out business transaction as it helps theeconomy of the country to raise in terms of revenue. Hilton is an American multinationalhospitality company. The founder of the organization is Conrad Hilton it came into existence inthe year 1919. Firm's headquarter is in McLean Virginia. This report covers various types oforganizations like, public, private and voluntary and are explained in detailed. However,relationship among several organizational functions and how they are interconnected withcompanies objectives and structure are studied (Aithal, 2016). Additionally, macro environmentpositive and negative impacts on business operations are identified. Moreover, Swot analysis isconducted and also focuses on how strengths and weaknesses are interrelated with macro factors.TASK 1 P1) Difference between public, private and voluntary organization.Business environment is a allocation of all internal and external factors like, employees,customers expectations, suppliers, clients, supply and demand, managements, social trends,government activities etc. which are not controlled by company but they affect the growth,profitability, and even survival of the organization. External environment helps the business toidentify opportunities and threats in the competitive world so that they can be turned asadvantages for the firm in future. There are three types of organization which are public, privateand voluntary and there distinction are explained as follows: BasisPublic organizationPrivate organizationVoluntaryorganizationMeaningPublic organization isowned and operatedby government. In this50% shares are ownedby government bodies.Public organizationcan be stated asenterprise which isowned by publicauthorities includingcentral state. Voluntary organizationis a group of memberswhich is organized onvoluntary membershipwithout state control toaccomplish commoninterest of it's1
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