Business and the Business Environment Analysis
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Added on 2020-10-23
Business and the Business Environment Analysis
Added on 2020-10-23
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Business and the businessenvironment
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1ESSAY.............................................................................................................................................1PART 2............................................................................................................................................6P4 Positive and negative impacts the macro environment has upon retail sector..................6P5 Internal and external analysis of UK supermarket to identify strengths and weaknesses.7P6 How strengths and weaknesses interrelate with the external macro factors.....................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness environment is considered as combination of internal and externalenvironmental factors that influence a company's operating situation. It is also correlated withvarious important individuals who may have their involvement in establishment and regulationof this enterprise (Lancaster and Massingham, 2017). Present report involves an analysis ofdifferent kinds of organisation such as profits, non-profits and non-government organisation inorder to analyse difference between them. Further, differences between micro, small, mediumsize and large enterprises are also discussed along with the market share, profit share, growth andsustainability. In addition to this, different kinds of structure relating to size and scope ofbusiness operations have also been discussed. Various important functions relating to the missionand objectives are evaluated along with the problems of transnational, international and globalbusiness enterprise. In case study, analysis of various UK leading supermarket chains have beenaccomplished in order positive and negative influence of macro environment on UK retail sector.Further, they also need to conduct an internal and external analysis of UK supermarket toidentify its strength and weaknesses along with its interrelationship with external macro factors.TASK 1 ESSAYP1 Different kinds of organisationsDifference between profit, non- profit and non-government organisation.Business environment consists of sum total of all individuals, business enterprises andother important forces which are outside the control of business enterprise but the business stilldepends upon them as they affect overall performance and sustainability of the business. It alsoconsists of various business enterprises which are established by individuals with differentpurposes and motives to regulate business operations (Kew and Stredwick, 2017). Then again,difference between three important types of organisation have been analysed such as Profit, notfor profit and Non-governmental organisation. Profit enterprises are also considered as privatebusiness ventures which are owned and regulated by private individuals with an aim to maximiseprofits. These organisations usually get investment from financial institutions, investors and bankloan for establishment and regulation of business. Purpose behind regulation of business is toachieve high profits in business operations and make efforts to increase market share. For1
example: B&M retail is a retail organisation that carry out its operations in UK to achieve profitsfrom markets.In contrast to this, Non-profits organisations are analysed legal entity which operates for servingthe society as a whole. They are established by individuals with a motive to serve people insociety at large. These organisations commenced through donation, subscription and membershipfees. For example: Oxfam and Age UK are two non-profitability organisation serving localcommunity people in UK. In comparison, with this, NGO refers to non-government enterpriseformulated by ordinary citizens or social workers, which operates autonomously of government.Area of operation of NGO is comparatively wider than NPO. It is established with motive for thebetterment, enlistment and development of society rather than earning profits. Business purpose and supply of goods and services.Profitable enterprises usually have wide scope of operations as they believe in evolvingcontinuous innovation to earn profits. B&M retail is fashion retail business enterprise thatusually supply fashion retail products and service to customers for earning high profits in market(Hillary, 2017). They usually aim to achieve high market share and recognition from customersto increase profitability. B&M retail has almost 560 stores and continuously making strategies toattract customers to earn high profitability. Company also have their own supply and distributionchannels which easily accessible to customers. Not for profit enterprises involves enterprises inOXFAM which is confederation of 20 independent charitable organisation concentrating uponthe alleviation of poverty. Company regulates business to provide employment to people in localcommunities that will reduce an issue of unemployment and profits are used for purpose ofproviding support to individuals in society at large (Botha, Kourie and Snyman, 2014). Non-government organisation involves enterprises like Dan Church Aid (DCA) which isDanish humanitarian NGO established with the purpose of supporting world largest the poorestpopulation in countries. The HMA Programme is supported by international donors and is one ofDCAs the largest mine action programmes with 6 international and more than 45 national staff. P2 Size and Scope of organisationDifference between micro, small, medium sized and large enterprises.There are many differences between micro, small and medium sized enterprise and largeentities namely speed of making decision, attitude towards risk and resource allocation as well asunderstanding and management of business models and differencing definition of innovation.2
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