Business and the Business Environment Assignment Sample
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Added on 2021-01-02
Business and the Business Environment Assignment Sample
Added on 2021-01-02
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Business and the BusinessEnvironment
TABLE OF CONTENTSINTRODUCTION ..........................................................................................................................3LO 1 ................................................................................................................................................3P 1 Different types of organizations, its purposes and legal structure .......................................3P 2 Size and scope of different organizations ............................................................................4LO 2.................................................................................................................................................6P 3 Interrelationship between different functions of organization and link their structure andobjectives.....................................................................................................................................6LO 3 ................................................................................................................................................7P 4 Positive and negative impact on external environment factors ...........................................7P 5 Internal and external analysis of organization .....................................................................8P 6 Interrelationship between strength, weakness and external factors ...................................10CONCLUSION .............................................................................................................................11REFERENCES ...............................................................................................................................1
INTRODUCTION Business Environment means collection of all individuals, organizations and other forceswhich are under the control of business enterprise. They affect overall performance, profitability,growth and sustainability of the business. It is classified into two categories such as internal andexternal environment. Business environment is essential for allowing and determiningopportunities, helping in utilization of resources and improving performance of organization(Revia, 2014). This study is based on Tesco. It is British multinational groceries and generalmerchandise retailer in the UK. This report will explain different types of organizations, itspurpose and legal structure. It will state size and scope of different organizations. It willexplicate interrelationship between different functions and link with objectives of firm.Furthermore, assignment will identify positive and negative impacts of external environmentfactors on operations of business. It will state that strength and weakness by internal analysis offirm. Moreover, report will explain that relation of strength and weakness to external factors ofcompany. LO 1 P 1 Different types of organizations, its purposes and legal structure Public Organization: Public sector is normally consisted of companies which are operated by government andexist to provide services for public. It is part of economy combined of both public services andenterprise (Global, 2014). Public organizations are self-financing commercial enterprises whichare under public ownership. They provide different products and services and operate oncommercial basis. For example: Tesco is public limited company. Purpose: The purpose of Tesco is to serve better quality products and services toimprove living of standards of people in the society. Legal Structure: Tesco is limited liability company whose shares can be freely sold andtraded to public with minimum share capital of£50000 and after their name normally with letterPLC. Private Organization: Private held company is the business which is owned by non-governmental or smallnumber of shareholder (Qrunig and Qrunig, 2016). It is also called as private company and closecorporation. Stock of company is offered, owned and listed or exchanged over the counter. For
example: John Lewis Partnership. It is an employee-owned company in UK which operates JohnLewis & partners stores and Waitrose & Partners supermarkets. There are mainly three types ofbusinesses such as sole proprietorship, partnership and corporation. Such as: Sole Proprietorship: It is business operated by one person. The owner of the businesshas total and limitless personal liability of debts obtained by business. Partnership: It is kind of business which is operated two or more person for commonobjectives of making profits (Rainey and Jung, 2014). Corporation: It is business for profits, limited liability companies that has separate legalperson from their members. It is corporation operates by one or more shareholders. Legal Structure: John Lewis partnership is the partnership business in which two ormore person work together for common goal of making profits. There are three different kinds ofcategorizes of partnership such as general, limited liability and limited partnership. Purpose: The aim of John Lewis partnership is to emphasize the qualities that help tobeat competition in retail industry (Bryce, 2017). Voluntary Organization: Voluntary union is the group of individuals who enter into an agreement normally asvolunteer to achieve their aim and objectives. Voluntary union are wide and actual form of non-profit organization. For example: Cancer Research UK. It is cancer study and awareness charity Ithe UK. Legal Structure: Cancer Research UK is the merger of Cancer Research Campaign andImperial Cancer Research Fund. It is the world's largest self-directed cancer research charity. Itis charitable organization which aim is social well-being of people in the society. Purpose: The aim of Cancer Research UK is to decrease number of deaths from cancer.Also, purpose is to increase awareness of diseases by providing the informations about cancerand runs campaigns (Farberov and Meidan, 2014). P 2 Size and scope of different organizations Public Organization: Tesco Tesco is the British multinational groceries and general merchandise supermarket locatedin UK. It is leader of groceries market. Company repositioned after down market with highvolume and low cost retailer for attracting social group.
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