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External and Internal Business Environment Assignment

   

Added on  2021-02-20

15 Pages4061 Words80 Views
Business And TheBusiness Environment

Table of ContentsINTRODUCTION...............................................................................................................1Overview Of The Chosen Organization.........................................................................1LO 1 ..................................................................................................................................1P 1 Different types and purposes of organization and their legal structure...................1P 2 Size and scope of a range of different types of organization..................................3LO 2...................................................................................................................................5P 3 Relationship between different organizational functions and their link to theorganizational structure & objectives.............................................................................5LO 3...................................................................................................................................7P 4 Positive and negative impacts of the macro environment on the business............7LO 4.................................................................................................................................10P 5 Identification of strengths and weaknesses through internal and external analysis......................................................................................................................................10P 6 Interrelationship between strengths & weaknesses and macro factors................11CONCLUSION.................................................................................................................11REFERENCES................................................................................................................13

INTRODUCTIONBusiness can be defined as the social group of people who come together andwork together in order to achieve some common goals. Business are required tostructured and properly managed in order to reach to its target. Business Environmentrefers to the surroundings in which business conduct its activities. Businessenvironment can be classified into 2 parts – External business environment and Internalbusiness environment (Laudon and Traver, 2016).Report will highlight the different types, purpose, legal structure, size and scopeof the various business, interrelationship between organizational functions and theirrelations with organizational objectives and structure. It will do the Pestle and Swotanalysis of the company and look upon the positive and negative impact of the factorsof business environment on the business and its operations. This report willdemonstrate the interrelationship between Pestle and Swot analysis. Overview Of The Chosen OrganizationIceland Food Limited Company is a private company which is in the form ofsupermarket. This company was founded in year 1970. Its headquarters is in Desside,Wales, United Kingdom. Its mainly products are frozen foods and groceries. Its keypeople are Sir Malcolm Walker who is founder and chief executive officer, RichardWalker who is managing director and Tarsem Dhaliwal who is group managing directors(Metcalfe, 2019).LO 1 P 1 Different types and purposes of organization and their legal structureTYPES AND PURPOSES OF ORGANIZATION & THEIR LEGAL STRUCTURESThere are various types of organization whose base of classification are different.Some organization is classified accordingly size or legal formulation or relationships orownership etc.Here the organizations are classified according to the Ownership (Hillary, 2017).On the basis of the Ownership, Organization are classified into 3 types of organization - Types ofOrganizationsPublicOrganizationPrivateOrganizationVoluntaryOrganizationMeaningIt is also known asIt is also known asIt is also known as1

publiclytradedcompany. It is a kindoforganizationwhose ownership isin the hand ofgovernment and itsrelated authorities.privatelytradedcompany. It is a kindoforganizationwhose ownership isin the hand of anindividualorindividualsoranother company. commoninterestassociation. It is akind of organizationwhose ownership isin the hand ofVolunteer. Volunteeris the kind ofmemberwhobecome the part ofthe voluntary groupby their own will. PurposeThe purpose ofpublic company is toprovide public andgovernmental goods& services to thesociety for theirbetterment. The purpose ofprivate organizationis to earn profits inorder to maximizetheir stakeholders'value and gaincompetitiveadvantage(Deasyand et.al., 2016). The purpose ofvoluntaryassociation is toresolve the socialandeconomicissues which isbeing face by thesocieties. Legal Structure Legal structure ofPublic company areas follows - It must have at least2 shareholders.It must have aqualified companysecretary.It must have at least2 directors. Legal Structure ofPrivate company areas follows - It has to beregisteredwithcompanies house. Itmusthaveminimum 1 memberand 1 director. Legal Structure ofVoluntary companyare as follows - Itmustbeconsidered as anunincorporatedassociation. It must be look bythe trust (Erasmus,StrydomandRudansky-Kloppers,2

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