Business and the Business Environment Functions
Added on 2020-10-22
14 Pages4126 Words463 Views
Business and the businessenvironment
Table of ContentsINTRODUCTION...........................................................................................................................1SECTION 1......................................................................................................................................1Different types of organisations..................................................................................................1Size and scope of different types of organisations......................................................................2Organisation structures and functions ........................................................................................4SECTION 2......................................................................................................................................5PESTLE analysis and their impact upon the business operations...............................................5SWOT analysis & Porter's 5 forces analysis that impacts on decision making process.............7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................11
INTRODUCTIONA business can be defined as an occupation that includes commercial activities of earningmoney and serving people by selling and buying products. Business environment is anenvironment that includes all internal and external environmental factors that may have impacton business activities. This study is divided into 2 parts. The first parts is essay which will showabout the importance of different types of organisations like private sector, public sector andvoluntary sector. Different types of organisation from different sectors have differentorganisational structures, according to size and scope that helps them in achieving theirdetermined goals (Hamilton and Webster, 2018). This essay will also show about importance oforganisational functions and their relation with objectives. The 2nd is report that will cover andshow various internal and external factors which have impacts on UK retail markets such asTESCO, mark & Spencers etc. with the help of PESTLE and SWOT analysis it determinesnegative and positive impacts of various factors in order to take corrective actions.. Further thisreport will show Porter's 5 forces analysis that help them in analysing about their competitionlevel and market position.SECTION 1Different types of organisationsThere are various types of organisations from different sectors such as sole proprietors,partnership and corporation which may be small size, medium size and large scale industries. Allthese type of organisations can be private sectors organisation and public sector organisation. Inspite of private and public there is Non Governmental and NGOs whose main purpose is toserve people and not to earn money. Some example of private, public and non Governmentalorganisations are as follows:LEGO: LEGO is a private sector company whose headquarter is in Billund, Denmark. Itis famous for its manufacture of plastic Lego brand special toys. This company was founded byOle Kirk in Christiansen in 1932 (Rehse, Dadashnia and Fettke, 2018).Bank of England: It is the central bank of UK & a model on which most modern centralbank have been based and was established on 27 July 1694. It became independent publicorganisation in 1998 (Burnham, 2017). 1
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