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Business and the Business Environment Assignment - The Five Fields

   

Added on  2020-12-10

13 Pages3917 Words407 Views
Business and the BusinessEnvironment
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Table of ContentsTASK 1............................................................................................................................................1Purpose of different organisation................................................................................................1Comparison of different organisation.........................................................................................2Interrelationship Between Various Functional Units..................................................................4TASK 2............................................................................................................................................6Factors affecting business ..........................................................................................................6SWOT analyses of business........................................................................................................7Reflections of key findings which influence the decision making process..............................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
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INTRODUCTIONBusiness Environment is consists of all the external and internal factors that influenceprofit of the organization. This factor can affect each other. Some macro factors are out of theorganisations control and they can affect the micro factors of the business environment. In thisreport the organization The Five Fields is explained. It is a restaurant and provide servicesrelated to its food product. This report includes explanation of the different type of the companyfigures and their growth and scopes, the interrelationship between the functional department andhow they link to the organisational structure, contains the examples to present the positive ornegative impact that macro environment has on the business operation and containingexplanation of strengths and weaknesses of The Five Fields.TASK 1Purpose of different organisationPublic companiesPublic sector companies are the companies which are owned and controlled by governmentwhether national, provincial, state or local. Public sector is responsible for providing goods andservices in market through their enterprises. This sector also called as state sector and it is thatpart of economy which consist of both public enterprises and public services. Public enterprisesinclude public goods and government services (Prajogo, 2016.). Like infrastructure of publicroads, bridges, electrical grids telecommunications etc. Example of such sector companies areNHS. National health service which is funded for public services and for national healthcaresystem.PURPOSE:-Their aim is to provide public services rather making profit. And transforming the economyin a way that it move towards socialism.It helps in achieving socio-economic goals. By equal distribution of income and wealth.Hence, public sector aims at providing overall development of the economy.Private companiesPrivate sector companies are those which are run by individuals and companies, instead ofgovernment. Most of the private organisations are run on order to make profits. These enterprisesare solely run by private holders (Hamilton and Webster 2018.). The employees work in privatesector works in order to earn profit, at some places there is large contribution held by private1
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sector only. Example of such privately owned company are The Five Fields which is Britishcompany providing fast food across many countries to earn good amount of profit.Purpose:-Their main purpose is to earn good profits and reinvesting the profit in company for furthersuccess and growth.Maintaining transparency in annual and financial reports and selecting appropriate andproper organisational structure for smooth functioning of business and for limiting theliability.Voluntary organisation:It is a group of individual who comes together and enter into the agreement (Bah and Fang2015.). As volunteers, to achieve a common goal or objective. Trade associations professionalassociations ,environmental groups etc. are come under the voluntary association. Theorganisations can be corporate d or incorporated. Ex of voluntary association is International Redcross which is approximate 17 million of staffs across the worldwide and is founded to protectthe interest of all human beings also to protect health and life of humans and preventing andalleviating human sufferingsPurpose:- To enhance well-being of individuals People forms independent, voluntary and non government groups to act in together andachieve a common goal and also enable the individual to understand the fundamental of groups,Hence, there are basically three different types of organisation which works for different interestsand purposes and contribute towards the economy in different ways (Prajogo, 2016.). The publicsector, private sector and voluntary associations all are somewhere contributing towardsinternational business environment by producing goods and services which satisfy the needs andrequirements of the customers and people all over the world,Comparison of different organisationNHSThe Five FieldsRed CrossBackgroundIt is publicly fundednational healthcaresystem for UK. It is thelargest company whichIt is big size restaurant inLondon that have manybranches in UK. It ispopular for its servicesIt was founded tokeep human life andtheir health protectedfrom suffering and2
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