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Business and The Business Environment Assignment - Brit insurance

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Added on  2020-10-05

Business and The Business Environment Assignment - Brit insurance

   Added on 2020-10-05

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BUSINESS AND THE BUSINESSENVIRONMENT
Business and The Business Environment Assignment - Brit insurance_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3(a) Overview on different types of organisation.........................................................................3(b) Size and scope for different range of organisation................................................................4(c) Relationship between different organizational functions and how they link toorganizational objectives and structure.......................................................................................6TASK 2............................................................................................................................................7(d) Discussion of the various macro-environment factors(PESTLE) that has impact on chosenorganisation.................................................................................................................................7(e) Discussion over the SWOT analysis for the chosen organisation.........................................9(f) Critical reflection of key findings and its role into the effective decision making process.10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
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INTRODUCTIONBusiness environment is the sum total of all external and internal factors that influences abusiness. This kind of environment has taken care several different types of organisation such aspublic, private & voluntary organisation (Miller, 2018). In the current scenario, businessenvironment has become necessary to regulation its functional activities for the longer period oftime. This report will be carried on three different organisation, which are classified on the basisof private, public and voluntary organisation. The names of the organisations are Brit insurance,Cabinet office and Child support agency. The overview of the companies are mentioned in thereport with their defined vision & mission. Apart from this, report will be carried on discussionover different types of organisation whether public, private or voluntary. Along with this, reportwill cover background, products & services, size & scope and legal structure. Also, report willcarry the assessment of the PESTEL & SWOT analysis to understand the inter-relationshipamong the functional units of different organisation. TASK 1(a) Overview on different types of organisationInternational business environment is the platform through which business entities areregulate the other different business operations for their goal & target accomplishments. Also,there growth has been raised for bringing the business sustainability into their business operation.Organisation has played a pioneer role into the development of society as well as culture ofdifferent country, majorly in the positive manner. Also, different types of organisation hasbrought development for the people as well as helpful in bringing business to the global stage.There are different types of organisation such as: Private, public and voluntary. All three arevaries in respect to their size, structure or way of doing their own business. The explanation fordifferent types of organisation are as follows: Private sector: This type of organisation are mainly owned by an individual entities,firms, private people or independent authorities. In other ways, private sector can be termed assole traders, who do their self business (Hill, 2018). But, still there is the difference between soletraders and private sector organisation. The reason is their own structure, where sole tradersmight be small, but private companies have structure or size with change into the hierarchicallevel. In this sector, importance to profit making is the major priority, because they don't have
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any specific funding from government bodies of any nation. Major sources of raising funds areinvestments from various investors, financial bodies or other business. In addition to this, privatesector has put pressure onto the internal business environment, by their ups-down of businessoperation. For example: Brit insurance is the UK based private organisation, which deals withinternational general insurance and reinvestment groups which are specialised in the commercialinsurance to general public as well as corporate entities. Legal structure: This organisation is owned by Ben-field & Rea investment trust in 1996.Later, it was acquired by John Stewart in 1999. In addition to this, Stewart is the current CEO,Michael Puffery is the managing director (Ward, 2016). There legal structure is comprises of linebased organisation structure, where roles & responsibilities of their employee's are classified onthe basis of different hierarchical level of an organisation. Public Sector: This type of organisation are governed by various legal governmentbodies, legislative agencies, bodies who are controlled by government regions (Sum, 2015). Themain purpose is to provides the welfare development to their people rather than focus towardsprofit making. Generally, public sector firms are democratic in nature, where everyone havefreedom to take their separate decision strategies. Also, people have controlled over this sectorfirm, in such a way that their single action can demolished its functioning. They are mainlyauthorized by the elected government of any nation. Size, structure or hierarchical level arespread over different local area, regions or even country. For example: Cabinet office is one of the department, which belongs to UK government,who are mainly responsible for supporting the prime minister and cabinet of an entire UnitedKingdom. Also, Cabinet office is composed of various units that support cabinet committees andwhich co-ordinate the delivery government objectives. Legal Structure: Cabinet office is comprises of staff or functional authority organisationstructure, where line and job position, who facilitates the prime minister working module andcabinet committee decision planning (Neely, 2013). They prepares the curriculum for tenure ofthe UK's prime minister.Voluntary organisation: Those entities who conducts their work towards welfare for thecommon people, understanding their needs, wants or issues arises with them to overcome. Theseorganisation can be survive in form of being as private, public or individual units (Kong Leon,
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