Business and the Business Environment

BUSINESS AND THE BUSINESS
ENVIRONMENT

 Business environment implies for the factors (internal and external) which in turn have
significant impact on firm’s operations.
 This PPT includes the types, purpose and legal structure of different firms like public
organisation, private organisation, voluntary organisation, small, medium and micro
enterprises.
 It also describes the size and scope of NHS, McDonald's and Red cross and the
interrelationship between the organisational functions of McDonald's.
INTRODUCTION

Types of organization
P1.Types, purpose and legal structure of different organizations
PUBLIC ORGANISATION
PRIVATE ORGANISATION
VOLUNTARY ORGANISATION-

Contd...
PUBLIC ORGANISATION-
Purpose-
 The primary objective of such organization is the welfare of the people and not profit
maximization.
 To make effective use of resources for the benefit of the society (Faghih and Zali,
2018).
Legal structure-
• Paid up capital: minimum paid up capital required for public company is rupees 5 lac.
• Minimum members: at least 7 members are needed to begin a public corporation.
• Maximum members: there is no limit on maximum members, Unlimited members can be
appointed (Lægreid and Verhoest, 2010). 02/03/19