Business and the business Environment - Merill Lync

Business and the
business
Environment

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Various purposes and types of different organizations ....................................................3
P2 Explain the scope and size of organisation.......................................................................5
TASK 2............................................................................................................................................8
P3 Relationship between various organizational functions....................................................8
TASK 3..........................................................................................................................................10
P4 Positive and negative impacts of the macro environment...............................................10
TASK 4..........................................................................................................................................13
P5 Internal and external analysis of organization.................................................................13
P6 Interrelation of strength and weakness with the external macro factors.........................14
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................17

INTRODUCTION
Business environment refers to the combination of both internal as well as external
elements such as suppliers, customers, owners, requirements of customers, supply and demand
and so on. In addition to this, there are various activities which is implemented and decided by
the government. These activities are exchange rate, governmental policies, technological
advancement and so on. Therefore, it has been identified that business environment helps in
analyzing resources, business opportunities and growth in order to enhance the overall
performance of an organization effectively (Al-Saleh and Mahroum, 2015). In the given scenario
it has been mentioned that Merill Lynch is a private organization founded in the year 1914 by
Charles E. Merrill. Their potential clients are analyzed and three of them are selected which are
public, private and voluntary organization. In case of private organization, TESCO is chosen as
the base company which is one of the leading company deals in grocery items and household
products. At the end, third organization is volunteer which is Oxfam. There main aim is to
remove poverty from the world and enhance the living standard of individuals. National health
services was established in 1948 in England. Main purpose of NHS is to remove poor and
provide social care services for the peoples. In addition to this, this report includes detail analysis
of scope and size of different types of organizations as well as inter-relationship with other
functions along with their link with organizational structure. At the end of this report, positive
and negative impact on the macro environment are going to be discussed.
TASK 1
P1 Various purposes and types of different organizations
Public Organization: It is the type of organization which is fully owned and controlled
by government of the country. They provide best and effective services to their customers in
order to enhance their brand image (Bah and Fang, 2015). In the present context, NHS (National
Health Services) is chosen. It is the organization which provide various services to their
customers related to health. NHS was established in the year 1948, with the motive of providing
free health services to individuals.
 Purpose: National Health Services, is a public organization established with the aim of
providing free health services to the individuals living in the country. With this purpose,
they offer best and effective services to the people and improve their health.

 Legal structure: In public organisation all decisions of the organisation is taken by
gove4rnment. In contact of national health services, all the decisions of the organisation
is taken by the state government and central government. So all the decisions which
launch by the government, top authority of the organisation discussion with there
employees in a effective manner. (Breckova, 2016).
 Stakeholders: In case of public organisation, stakeholders play very essential role. They
are the one who invested their money as well as associated with the profitability of the
company. Stakeholders which is included in this organisation is financial institutions,
government and many more. All these stakeholders highly influence working of the
company. Some of the stakeholders includes local authority, patients, trustees.
Private organisation: It is the organisation which includes an individual, partners as
well as agency which is not a public body, operated for profit. Apart from this, it might be a non-
federal body which is self-established and sustaining. In the present report, TESCO is chosen as
the base company which is a private entity deals in grocery items. For this, they have enough
amount of employees within their organisation. in order to manage their business operations
(Charter, 2017).
 Purpose: TESCO which is chosen as a private organisation is a multinational general
merchandise deals in groceries all over the world. Its headquarter is located in Welwyn
Garden City, UK and was introduced by Jack Cohen. It is the company which is
established with a purpose to provide best services within affordable price to their
customers. Along with this, they can satisfy the requirements and demands of customers
and maintain their brand name at the competitive marketplace. With the help of this, they
will be able to attain their goals and objectives effectively.
 Legal structure: Private organisations legal structure is depends on the top authority like
board of director and CEO of the organisation. They are take big decisions of the
organisation with the help of low and legislation. In contact of Tesco organisation all the
decisions are depends on there top authority which is directly communicated with there
employees and subordinated. All the decisions are effect the probability and marketplace
in a effective manner.
 Stakeholders: They are the person in every business organization associated with some
motive and result. Performance of company largely affect the behavior of stakeholders.