This presentation discusses the business environment and its impact on business operations, structure, and culture. It focuses on Morrisons, a retail supermarket chain in the UK.
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Business and the Business Environment
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Introduction ●Business environment played a prominent role in the success of any business unit. ●There are micro and macro factors which affects the business operations of an organisation. ●It also influence company structure and its culture in the long run. These factors can be economical, technological, legal and so on. ●This report is based on Morrisons which is a retail super market chain in United Kingdom.
Task 1 There are different types of business unit which having different purposes and objectives according to their size and scope. These organisation can be private, public, partnership and sole proprietorship. There are different types of firm's as given below: ●Private organisation ●Public organisation ●Voluntary organisation
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●Public organisation ●Name of Organization National Health Service is a public company so it should be managed and operated by Board of directors who are selected by the shareholders in the annual general meeting. ●Size and Scope The size and scope also large comparison with private corporation. This kind of firm's are listed in the London Stock exchange of the country, so that they have to follow according to the company's act of United Kingdom. ●Purpose The main objective of these organization is to provide quality healthcare services to the public interest.
Voluntary organisation ●Name of Organization These entities can involved British Heart foundation which is one of the largest charitable trust in United Kingdom. These types of organisation developed to promote the social interest. ●Size and Scope The size and scope of such entities are depends on the operations. In the context of British Heart Foundation is quite large as compare to other voluntary organizations. ●Purpose This entity main motive financial and other support to the scientists and other researchers for the research in the field of heart.
Size and scope of a range of different types of organisations There are different types of organisation which having it own size and scope and purposes such as ●Public company ●Private company ●Voluntary organisation
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Private limited company: ●In this types of business entity all the commercial activities are done by one person or group of people. ●Iceland Foods is private company which operate their business in UK. ●There is minimum interruption of government in this kind of organisation form. ●Private company is controlled by the directors and the all the rules of private are drafted in the Article of association.
Public limited company In this types of organisation structure the corporation tax body pay 20 percent in business enterprise and must be registered under the country company act. National Health Service is government owned public company which provide health care services to the public. Earn maximum profit and win marketing competition is main objectives of this organisational structures. Public company is also controlled by the board of directors and these directors are selected by the shareholder in the annual general meeting by passing a resolution.
References Carroll, A.B. and Shabana, K.M., 2010. The business case for corporate social responsibility: A review of concepts, research and practice.International journal of management reviews.12(1). pp.85-105. Chavis, L.W., Klapper, L.F. and Love, I., 2011. The impact of the business environment on young firm financing.The world bank economic review.25(3). pp.486-507. Chen, H., Chiang, R.H. and Storey, V.C., 2012. Business Intelligence and Analytics: From Big Data to Big Impact.MIS quarterly.36(4). pp.1165-1188. Craig, T and Campbell, D., 2012. Organisations and the Business Environment.Routledge. Giesen, E., Riddleberger, E., Christner, R. and Bell, R., 2010. When and how to innovate your business model.Strategy & Leadership.38(4). pp.17-26.
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