Business and The Business Environment of NATWEST Bank : Report

Added on - 21 Jul 2020

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Business and The BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types and purpose of organisation..........................................................................1P2 Scope and size of different types of organisation..................................................................2TASK 2............................................................................................................................................3P3 Relationship of different organisation functions....................................................................3TASK 3............................................................................................................................................6Covered in PPT...........................................................................................................................6TASK 4............................................................................................................................................6Covered in PPT...........................................................................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONBusiness environment is the combination of internal and external factors which directlyaffects company operations. It includes various factors such as suppliers, customers, individual,rivals, government and other social trends. These components affects organisation actions,process, development, productivity and net profit. NATWEST is the commercial bank which isbased in United Kingdom (Adeoye and Elegunde, 2012). It has a large network with approx. 960branches in all over country. This bank provide various services such as investment banking,commercial banking, financial service and other financial products or services. The main purposeof this report is to understand different types of organisation with their size and scope. Alsoidentify relationship of various functions of firm such as HR, finance, marketing and salesdepartments.TASK 1P1 Different types and purpose of organisationNATWEST is the financial corporation which provide various types of services to theirconsumers who are spread into a substantial areas. A company run their business by earning highincome for operate their different functions and activities that assist in increasing productivityand profitability (Sevkli and et. al., 2012). There are various types of organisation such asprivate, public and voluntary sector which are important for community. Here are the mainfunctions which are discussed as under:Public sector- These are organisation which are formed for promoting reputation andprovide facilities to public. It is that sector which run and operate by government andtheir authorities provide growth to society. These companies run their businessoperations by using tax money which are given by common people. The example ofpublic company is BBC. Its stands for British Broadcasting Corporation which areestablish for promoting different channels (Akimoto and et. al., 2014). The firm hasmore than 35000 workers in which approx. 20 thousand are permanent and remainingare temporary employees. The basic objective of this organisation is to earn maximumprofit for providing best service to their viewers. BBC get funds from government butstill it is not controlled by it. Thee are many challengers who creates threats in themarket. BBC made high demanding programmes which are related to social issues.1
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