Business and the Business Environment in Retail Company
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Added on 2021-02-22
Business and the Business Environment in Retail Company
Added on 2021-02-22
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Business and the Business Environment
TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 LO 1.................................................................................................................................................1 P 1 Different types of organisation and their purpose and legal structure..................................1 P 2 size and scope of the organisation........................................................................................2 LO 2.................................................................................................................................................4 P 3 Interrelation between various organisational function.........................................................4 LO 3................................................................................................................................................5 P 4 Positive and negative impact of macro environment on businesses.....................................5 LO 4.................................................................................................................................................7 P 5 Internal and external analysis of Sainsbury..........................................................................7 P 6 Interrelation of strength and weaknesses with external macro factors.................................9 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................11
INTRODUCTION Businessenvironmentrefersto collectionof allinternalandexternalfactorslike customers, employees, client, management, demand and supply etc. These factors affects the functioning of the company and business environment by the different activities. The report is conducted in two part in which 1stpart reflects the essay on the different organisation functions like the private sector, public sector and voluntary sector. It explains the functioning, purpose and legal structure of the company and also the size and scope of the organisation. The second part of the study is based on case study. It reflects the strength and weaknesses of the different company like Morrison, Sainsbury and ASDA. It also explains the different internal and external factor which affects the performance of the company by the SWOT, PESTLE and porters five forces model. The study is based on the top retail industry of UK which was the leading company in UK market. LO 1 P 1 Different types of organisation and their purpose and legal structure Difference between public, private and voluntary organisation BasisPublic sector (NHS)Privatesector (McDonald) Voluntarysector (Oxfam) MeaningPublicsectorarenon commercialorganisation whichprovidethebasic services to the population (Mitreva, and et.al., 2016). Privatesector organizationarethe organizationwho providesthegoodsand services to earn profit. Voluntarysector organisation are non for profitorganisationand theyalsofreefromthe government control. Sourceof finance They collect the fund from the public as tax. Theycollectthefund fromthedifferent shareholdersandowner of the company (Akhtar, and et.al., 2016). Theygeneratethefund fromdonation, sponsorshipandviathe different trust. 1
Treatment of profit The income or profit of the organization is used for the public services. Theprofitofthe organization is distributed inownersand shareholders. Itisanonprofit organisation.The collectedfundofthe companyisusedfor social welfare. Governmen t control PublicsectorlikeNHS organisation are controlled by the government. Privatesector organisationlike McDonaldarealso controlledbythe government. Oxfamisnot controlled by the government forces. ExamplePublic sector organisation provides the basic services suchaseducation, banking,health,armed force, roads, policing etc. NHSprovidesthehealth service to the public. Example of private sector aremanufactures,shops and financial services. The example of voluntary sector are charities, non- profit, community sector etc. Legal structure Theyareseparatedfrom thepersonalfinanceand issue shares to the public to generate the fund and need atleast£50000. McDonald have separate legal identity. It operates itbusinessbytheself financeandgenerating funds from the different shareholders (Mazzucato, 2015). Private company use the privatelimitedwordat the end of the company name. Oxfam is a not for profit limited liability company. Thetrusteesofthe organisationare responsible for assets and activities of the company. Thecounciloftrustee work as a governing body of Oxfam 2
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