(Solution) Business and the Business Environment Assignment

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Business and the BusinessEnvironment
Table of ContentsINTRODUCTION..........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types of organisations.............................................................................................1P2 Size and scope of different types of organisations.................................................................3TASK 2............................................................................................................................................4P3 Relationship between different organisational functions and their link with companiesobjective and structure................................................................................................................4TASK 3............................................................................................................................................6P4 Positive and negative impacts the macro environment has upon business operations..........6TASK 4............................................................................................................................................8P5 Conduct internal and external analysis of JP morgans..........................................................8P6 How strength and weaknesses of the company related with macro environmental factors.10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................13
INTRODUCTIONBusiness is concerned with the economic system in which goods and services areinterchanged for motive of earning profit. In relation to this, business environment is consist ofseveral internal and external elements which effects the organisational functions. Factors whichinfluences business environment are suppliers, competitors, technology, legal laws , market,economic trend etc. It is the surrounding of business which influences the business operationsand its productivity level (Chavis, Klapper, and Love 2011). This given report is based on J.PMorgan Finance and Investment which is financial institution controlled by government. Itoffers commercial and financial services to public. In this report types of organisation areelaborated to understand nature, purpose, scope, size and legal structure of public, private andvoluntary sectors. In addition to this, PESTLE analysis is done to identify external macroenvironment with their positive and negative impact on the business operations. Further tounderstand internal and external environment SWOT analysis is conducted by the manager ofcompany to understand its strength, weaknesses, opportunities and threats which helps thebusiness creating future objectives and goals.TASK 1P1 Different types of organisationsBusiness environments is the sum up of various internal and external factors whichaffects the business and its operational activities. It is the responsibility of the business managerto analyse the internal business as well as external market to identify the opportunities availablefor the business(Chow and et. al., 2012). This also help employees to know about internalweakness and instructs them to improve their existing products and services according to therequirement of the customers. Environment of the business differs on the basis of their size andtype. Organisation are divided into three different sectors public, private and voluntary sector.Private sectors:In this sector, companies are controlled by the individual person withthe purpose of earn profits.. Here, J.P Morgan Finance and Investment is financial institutionfounded by J.P Morgan in 1871. This offers several financial services like bank loan, investmentbanking, asset management, commercial banking etc. in united kingdom.1
Purpose of the company:Major purpose of private sector company is to run business forearning profit in order to improve the overall performance of the company at markeplace. Someother essential purpose of J.P Morgan Finance and Investment are described below:Organisation under this sector runs to generate employment in their country. This bankhas provided job opportunity to thousands of people and contributed in GDP growth.Another purpose of this company is to control maximum financial decision in thebanking sector of the country by owning majority of banks.Legal structure-It is the legal format of the company under which various business formulatesits policies. Different legal structure of private sector companies are as follows:Sole trader- In this, business is operated by single person without sharing itsresponsibility with anyone else. Business owner alone have to arrange all the financialfunds for the business and take decision. This legal structure involves unlimited liability.Partnership- Partnership is termed as the legal structure in which business is owned bymore than person. All the business activities are controlled by the respective partners andalso share profit and losses according to their ratio.Private limited company-These are the small companies which are owned by itsshareholders. Responsibility and liability of each shareholders depends on theirinvestment amount. In this, organisation is run by the board of directors which are chosenby the shareholders.Public sector:In this, organisation is completely working for the profit motive. All thebusiness activities and its operations are operated by its owner. Here, DCMS is department of theUK in which they provide services and guidance to manage culture, media and sports activities.Along with, organization also give suggestion to some aspects of the media(Commander, andSvejnar, 2011). Private sector organisations are contributing majority ratio in the employmentgeneration to the country.Purpose of the company-Private sector companies are profit oriented. Their main purpose is toutilise available resources in effective manner to generate maximum profit and provideopportunities to develop the economic growth of the nation. Apart from this several otherpurpose of this company are evaluated as below:To provide quality to products and services to its customers in order to provide serviceswith the purpose of improving economic condition.2
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