logo

Business and the Business Environment

   

Added on  2023-01-19

17 Pages5551 Words60 Views
Assessment

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1. Diverse organisational types, purposes and legal structures.................................................1
P2. Size addition to scope of diverse organisational types..........................................................3
TASK 2............................................................................................................................................6
P3. Relationship among diverse organisational functions in addition to the ways they link to
objectives and structure of organisation......................................................................................6
TASK 3............................................................................................................................................8
P4. Impacts that external macro environment has on operations of firm....................................8
TASK 4..........................................................................................................................................10
P5. Internal plus external business analysis..............................................................................10
P6. Ways strengths and weaknesses has interrelation with macro environment.......................12
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15

INTRODUCTION
The term business environment is a collection of internal and external factors that affects the
operations of organisation. It connotes institutions, forces addition to factors which are ahead to
control of organisational members and affects business functions. It identifies the performance of
business, opportunities and profitability of business etc. Internal and external factors such as
suppliers, customers, employees, government, market trends etc. affect business (Gaganis,
Pasiouras and Voulgari, 2019. The present assessment is prepared by considering Marks and
Spencer that is a British cosmopolitan retailing business that is specialise in fashion, home in
addition to food merchandise. The respective company was originated in 1884 by Michael Marks
as well as Thomas Spencer. Company also sells other branded goods in its stores. This report is
based on the diverse categories of organisations, their legal structures plus size and scope.
Furthermore, it illustrates the relationship between organisational functions along with business
structure. It also identifies the positive moreover negative impact or strength as well as
weaknesses of the enterprise and the ways they are interrelated to macro environment.
TASK 1
P1. Diverse organisational types, purposes and legal structures
Organisation is said to group of citizens who assemble to convene their individual as well
as organisational objectives. Organisations are of three types:
Public Organisation: Businesses which are owned managed and controlled by political
systems to supply variety of services to general populace are public organisations (Nedum-
Ogbede, 2018.. These are generally state owned companies which deliver diverse choices of
goods and services through performing activities on commercial basis. Government of a country
funds these organisations so that successfully offerings of public goods addition to government
services are provided to people. Few public organisations are NHS, Network Rail, Cabinet
Office and BBC. From all, Network Rail is selected as public organisation that is public body
which manages railway network in UK. All the regulations that are governed by Office of Rail
are followed as it provides guidance for managing the operations successfully.
Purpose: Public organisation have purpose of redistributing income, developing
infrastructure facilities and providing sources to generate capital. In context to Network Rail, the
3

institution has purpose of offering good value services, to support as well as implement new
upgrades and delivering safer, reliable railway to the general public.
Legal Structures: In public sector, organisations generally adopt legal structure of central
government, local government, state government and public corporation. Among all, Network
Rail proceed operations through central government related legal structure.
Private Organisation: Such organisational type is operated by either an individual
person or in partnership to earn profit. Funding of these organisations is raised by themselves.
These are self sustaining along with special interest groups that are set by individuals who act for
profits. They make larger economic shares within free market and capitalist based societies.
Although the business operating must follow some laws of the government as well as they can
create their own laws for running the business. Few private organisations in UK are Tesco, Aston
Martin, Marks and Spencer, Asda and many more. From all, Marks and Spencer is one of the
superlative private business in United Kingdom. As per the regulations of Consumer Contracts
Regulations 2013, the private company works to provide full legal terms and conditions that may
apply on the products of Marks & Spencer.
Purpose: Main purposes of private organisations are to conquer sustainable
intensification with maximum revenues through mass production (Kopnina and Blewitt, 2018).
In relevance to Marks and Spencer, purpose of existence is to earn maximum profit and can be
prearranged as corporation, partnerships and sole proprietorship.
Legal Structures: At various private organisations, legal structure of sole proprietorship,
corporate structure, public limited company, partnership and unincorporated structure are
followed. At Marks and Spencer, public limited company associated legal structure is followed
by the administrative team in which they offers their shares to general public.
Voluntary Organisation: Such organisational type is described as group of people who
go into into agreement, typically volunteers so to form a company for accomplishing purpose.
Nongovernmental businesses together with not for profit entities are part of voluntary
organisation. These are composition of functions which assist volunteers and provide services for
social welfare. National Trust, National Council for Voluntary Organisation (NCVO), Oxfam
and British Heart Foundation are listed voluntary companies. From all these, National Council
for Voluntary Organisations is one of voluntary business in England, UK that works for
creating an environment where independent civil societies are flourish. It follows regulations
4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Business and the Business Environment
|17
|5059
|60

Relationship between Organisational Functions and their Interrelation with Objectives and Structure
|13
|4514
|45

Different Types and Purposes of Organisations with Their Legal Structures
|21
|6427
|87

Types and Purposes of Organizations: A Study on Business and the Business Environment
|13
|3861
|76

Business and Business Environment
|30
|1603
|84

Business Environment: Tesco Pvt Ltd
|14
|4526
|54