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Business and the Business Environment | NATWEST

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Added on  2020-07-22

Business and the Business Environment | NATWEST

   Added on 2020-07-22

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Business and theBusiness Environment
Business and the Business Environment | NATWEST_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1LO1: Different types, size and scope of organisations...........................................................1TASK 2............................................................................................................................................4LO2: Relationship between different departments and their link with organisational objectivesand structure...........................................................................................................................4TASK 3............................................................................................................................................9TASK 4............................................................................................................................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
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INTRODUCTIONBusiness environment is the combination of internal and external factors which affectorganisation’s activities directly or indirectly. It is dynamic in nature and has a major impact oncompany’s operations. External environment is made up of competitors, customers, culture,suppliers and intermediaries. Both factors affect the organisation’s performance, growth,productivity, profitability and development (Aterido, Hallward-Driemeier and Pagés, 2011).NATWEST is the commercial bank based in United Kingdom with reference to which manyconcepts related to business environment will be studied in the report. The purpose of this reportis to evaluate types of organisation with their sizes and scope. The relationship of differentfunctions of organisation with its structure and objectives will be discussed as well. TASK 1LO1: Different types, size and scope of organisationsNATWEST is a big firm where large number of employees work for achieving goals andobjectives. There are different types of enterprises which are as under:Private organisation- These are the organisations which are owned by individuals orgroup of people and they are run to earn profits. Private company controls their employees andmotivate them to achieve all desired goals and objectives. The main objective of private sector isto earn profit, expand business and increase market share along with enhancing sales (Belás andet. al., 2015). NATWEST has 4400 offices around all over the country. The bank provides onlineservices of banking in which customer manages their account through internet. They havelimited liability. The bank has more than 960 branches and they have approx. 3400 cash machines whichare located in different parts of Britain. It has more than 7.5 million customers who are fromdifferent backgrounds (Bianchi and et. al., 2011). NatWest provides online banking services totheir customers and the number of accounts which are active in bank are approx. 85000 in anorganisation. There is a large scope for this bank to enter into security business which helps increating more profits.Advantages1
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Private sector is more efficient to provide jobs. In this organisation, there is lessgovernment intervention. More opportunity for promoting their company. They pay high amountsalary to their employees which increase their standard of living.DisadvantagesIn this sector, minimum job security for their workers. Private sector has manycompetitors which affects their profitability (Boons and Lüdeke-Freund, 2013). They provideless benefits to their workers in comparison to public sector. The work pressure is very high onthe employees. Public organisation- It is an organisation that is run or controlled by government. Thesecompanies are funded by taxpayer money and government use this amount for improving thecapabilities of organisations. The objective of this sector is to provide required services to thepeople and use funds for providing benefits to society. The prime motive of establishing theseorganisations is to enhance services to the public and ensure that they are served in an effectiveway. The size of public sector can be measured by income, expenditure, number of employeesand gross domestic products (GDP) of the country (Size and scope of organisation, 2017). AdvantagesPublic sector provides job security to their employees. They give pension aftercompletion of job period of workers. In this sector, employer cannot fire his subordinate withoutany valid reason or without completing all the requirements of termination. Company providesdifferent benefits, schemes and plans for an employee. They provide more comfortableenvironment. This sector provides stability to the economy which assist government ingenerating more income.DisadvantagesIn public sector, limited seats are available for candidates. This sector gives low incometo their workers. Very few changes in the infrastructures of an organisation are made in a timeperiod (Chavis, Klapper and Love, 2011). The company rarely adopt new technologies ormethods for growth which impacts its competitive advantage.Voluntary organisation- This is an enterprise which is managed by large number ofpeople. These firms assist those people who are facing trouble due to social stigma or financialcrunches. They cannot help any individual for earning money value but gain respect in thesociety and help needed person. These organisations are funded by donations given by people of2
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