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Business and the Business Environment Assignment Solution

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Added on  2020-10-05

Business and the Business Environment Assignment Solution

   Added on 2020-10-05

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Business and the BusinessEnvironment
Business and the Business Environment Assignment Solution_1
Table of ContentsINTRODUCTION................................................................................................................................3Lo1........................................................................................................................................................3P2 The size and scope of a range of different types of organisation...............................................4LO2.......................................................................................................................................................5P3 The relationship between different organisational functions and their impact on organisation 5LO3.......................................................................................................................................................7P4 positive and negative impacts the macro environment has upon business operations,..............7LO4.......................................................................................................................................................8P5 Internal and external analysis of Marks and Spencer.................................................................8P6 Strengths and weaknesses interrelate with external macro factors...........................................10CONCLUSION..................................................................................................................................10REFERENCES ..................................................................................................................................11
Business and the Business Environment Assignment Solution_2
INTRODUCTIONBusiness and Business environment both are different. Business environment refers to thewhole environment through which an organisation influence too much. It might be external factorsor internal factors. Internal factors like employees, growth rate, relations and external factors likepolitical, legal, economical etc. They all affect the environment of business in different ways.Marks and Spencer is public organisation and it is has high retail market in united kingdom. Itfounded in 1884 and this company includes things like food products, home and kitchen appliance,clothing items many small products. This report will include different types of organisation andtheir purpose and legal structure of them. Size and scope of the organisation, relation betweendifferent type of organisation and their functions, positive and negative impacts of macroenvironment on the business. Internal and external impact upon the organisation and strengths andweaknesses interrelate with external macro factors. Comparison of different type of company andtheir different role and structure within and outside the organisation(Zhang, 2018).Lo1P1 Different types and purposes of organisation; public, private and voluntary sectors and legalstructure.Public CompanyA public company is a company whose shares are open for public for trading on anyrecognized stock exchanges. Shares of public company are issued through Initial PublicOffer(IPO).The main purpose of any public corporation is to maximize shareholders wealth.Sainsbury plc and Marks & Spencer is a public traded company that is listed on London Stockexchange. Legal structure : A public company must be registered with companies houser of the UK. Itrequires minimum of two directors and one secretary to form a public company. It should haveminimum allotted capital of 50000 pounds out which 12500 pounds must be paid up capital(Akaezeand Akaeze,2017). A public company can issue ordinary, preference, redeemable or cumulativepreference shares. It must have following documents:Memorandum of Articles, Memorandum of Association, Form 1 and 12.It should have a registeredoffice where the company will carry out its operations and where all the records are kept. Shares aretransferable by mere delivery. It has to compulsorily hold an AGM in an accounting year.Private CompanyA private company whose shares are not open for public to trade. The shares are privatelysold to the members or shareholders. The size of the company is smaller than the public company
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and the legal requirements also fewer. It may or may not list on stock exchanges but share are notfreely traded there.The main purpose of forming a private company is maximization of profits. The other objectives are more control over the management, transparency in operations, and moreprivacy in day to day operations. Brake Bros is a British privately held company and voluntarilylisted on LSE. It has five directors and a chairman(Álvarez and et.al., 2014).Legal structure: A private company must have one director and who is a natural person. Itmust be registered with companies house. Memorandum of Articles and Association are thenecessary documents that are to be filed while making registration. Shares are non-transferable.They are not legally bind to hold the AGMs.Voluntary CompanyA Voluntary organisation is a non profit organisation. It is also known as third sector. Theyundertake social activities focusing mainly on education, environment betterment and other ignoredsocial requirements. They attract minimum government restrictions.The main aim of third sector is to provide social services for the betterment of the society,rather than focusing on profit motive. American Red Cross is an organisation established inWashing D.C. 1881, provides emergency help, reliefs in natural disasters and education regardingovercoming those disasters(Stecke, Yin and Kaku,2014). It is segregated into five sections; blood,disaster, international, training services and arms forces services.Legal structure: These organisations have to comply charity laws and the company laws.They are governed since they are formed for the protection of public(Springer and Miler, 2018 ).They have to mandatorily take license from the government and convince them that theorganisation is formed only for the purpose of social benefits.DifferenceProfit organisations are those which are formed for the purpose of carrying a business withmotive of earning profits, they only focus on earning more income than its expenses like Coca colawhereas non governmental organisation also called as NGO focuses mainly on social causes, oftenfunded by the government, but remains non government entity with no government's directintervention such as Transparent Hands(Stouse and et.al., 2017). Lastly not for profit organisation isan organisation whose motive is not to earn profits rather using business revenues for the particularcause for which it was formed and enjoys various tax exemptions such as cooperatives, charitabletrust .P2 The size and scope of a range of different types of organisationBasePublic companyPrivate companyVoluntary companyName of company M&SBrake Bros American Red Cross
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