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The Business and the Business Environment TABLE OF CONTENTS

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Business and the Business Environment TABLE OF CONTENTS INTRODUCTION 1 LO 1 1 P1 Different types and purposes of organisations1 P2 Size and Scope of Organisations2 LO27 P3 Relationship between different organisational functions 7 LO 4 || 8 P4 Identifying the positive and negative impacts upon thebusiness operations 8 LO 4 || 11 P5 Internal and external analysis 11 P6 How strengths and weaknesses interrelate with macro factors12 CONCLUSION 12 REFERENCES 14 INTRODUCTION Business environment is defined as the

The Business and the Business Environment TABLE OF CONTENTS

   Added on 2020-10-05

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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 Different types and purposes of organisations.......................................................................1P2 Size and Scope of Organisations............................................................................................2LO2..................................................................................................................................................7P3 Relationship between different organisational functions.......................................................7LO 4.................................................................................................................................................8P4 Identifying the positive and negative impacts upon the business operations........................8LO 4...............................................................................................................................................11P5 Internal and external analysis...............................................................................................11P6 How strengths and weaknesses interrelate with macro factors............................................12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14
The Business and the Business Environment TABLE OF CONTENTS_2
INTRODUCTIONBusiness environment is defined as the combination of both internal and externalparameters in relation the working practices of an organization. This environment is mainlyrelated to the marketing of any company in gaining customers, shareholders, distributors, clientsand investors as well (Hamilton and Webster, 2018). Additionally, it assists in maintaining thebusiness in a controlled and systematic manner to reap economic benefits and gain reputationamong the competitors. Here, H&M organization is considered which need to change theoperating conditions for the entire taskforce to influence the market with application of strategicplanning. This assignment is based on understanding an overview of types of organisation namelypublic, private and voluntary. It also consists of a detailed explanation about the business's aim,objectives, vision, structure, scope and size with additional information on the stakeholders andthe legal structure. Pestle and Swot analysis has been done on the H&M firm to gain insightsabout its current market positioning and the relationship- between its macro and micro levelsfactors.LO 1P1 Different types and purposes of organisationsThere are three different types of organisations on the basis of legal structure which arePrivate, Public and Voluntary organisations that operate with different purposes which can beexplained as below:Private Organisations: Private sector organisations are type of organisations which arecompletely owned by individuals. A private organisation can be any corporation, partnership,agency or person which is not operated by any public or profit body (An and et.al, 2019). Privatesector organisations are self owned organisation and their only major purpose is to make profits(Bryson, 2018.). They operate and offer products and services to customers to make profits.H&M is an example of private organisations and its aims is to generate profits from its business.H&M is a Swedish multinational clothing retail company which is best known for its fashionclothing for women, men, children and teenagers. Legal Structure of H&M1
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H&M is a public limited company which is listed in Nasdaq Stcokholm and its corporategovernance from the board of directors, shareholders, and the CEO which leads the executivemanagement. It is based on the external laws, recommendations, regulations and internal rules . Public sector organisation: Public organisations forms the part of the country'seconomy which is effectively controlled by the government. Public organisations consist of stategovernment, central government and local government and it also includes public entities, publicbodies and public services and enterprises (González-Navarro and et.al., 2018). Publicsector organisations mainly comprise the organisations which are operated and owned by thegovernment and its purpose is to provide the service to its citizens and its purpose is to offerservices to the citizens of the country. For example NHS is a public sector organisation which isa health care company of Britain and it is the largest company of the world (Bryson, 2018). Legal StructureNHS is public limited company which has been owned by joint stock government andtheir legal structure is based on it. It considered as public company which also have separatelegal identity. Voluntary Organisations: Voluntary sector is a group or union of number of individuals whoenter into an agreement as volunteers in order to form a body to accomplish common goals andobjectives (Butler and Wilson, 2015). Such type of organisation relies on regular and occasionalvolunteers in order to continue their operations and also may or may not pay their staff members.Voluntary organisations do not operate to earn profits but its main purpose is to serve humanityand perform many functions related to serve humanity without earning profits. Oxfam is theexample of voluntary organisation which is a confederation of 20 independent charitableorganisations which have the focus on the eliminating global poverty. Legal Structure:The ownership of Oxfam lies under the trustees which have got the ultimateresponsibility for Oxfam's charity, its assets and it activities. Owners of Oxfam form the councilof trustees which is considered as governing body of association of Oxfam and it is a non-profitlimited liability company. P2 Size and Scope of OrganisationsCriteria Private SectorPublic SectorVoluntary Sector2
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