Business and the Business Environment

BUSINESS AND THE BUSINESS
ENVIRONMENT

CONTENTS
INTRODUCTION.........................................................................................................1
LO – 1..........................................................................................................................1
Varied types of organizations and their purpose.....................................................1
Explaining the size, scope and legal structures of different types of organizations 2
LO – 2..........................................................................................................................4
Relationship amid different organizational functions and their link to the objectives
and structures of the firm.........................................................................................4
LO – 3..........................................................................................................................6
Determining the positive and negative influence of macro factors on the business
operation of Virgin money........................................................................................6
LO – 4..........................................................................................................................7
Carrying out internal and external analysis of Virgin money...................................7
Explaining inter-relationship of strengths and weaknesses with the external macro
factors.......................................................................................................................8
CONCLUSION.............................................................................................................9
REFERENCES..........................................................................................................11

TABLE OF FIGURES
Figure 1: Functional organizational structure of Virgin money .....................................
5

INTRODUCTION
Business organization is defined as an entity with a main aim to perform
commercial enterprise through offering products and services for meeting out the
demands of the customers. Environment in which the business operates is very
complex and it is related with both internal and external factors that impacts the
functioning and operation of the business. These factors typically include employees,
customers, supply, stakeholders, demand, laws, government and many other that
influence the decisions of the business. Thus, it is quite necessary to analyse all
these factors for successful running of the corporation (Hamilton and Webster, 2015).
The current research report also aims to comprehend the functions of different types
of organizations with wider business environment. Focus will be made on varied
organizations, there sizes and scope being linked to the products and services and
business objectives of the organizations. Further, analysis of the inter-relationship of
different organizational functions linking to their business structure will be carried out.
The final part of the study will throw light on both positive and negative impact of
macro environment on the business operations and will determine the internal
strengths and weaknesses and their relationship with the external macro factors.
1