P6) Explain strengths and weaknesses inter-connected with external macro factors
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Business And TheBusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1P1) Discuss public, private and voluntary organization's purpose and legal structure. .............1P2) Highlight private, public and voluntary organization's size and scope................................3P3) Review the relationship between several organizational functions and how are they inter-related with objectives and structure of company. ....................................................................4P4) Look into positive and negative impacts of macro environment with examples on businessoperations. ..................................................................................................................................5P5) Conduct SWOT analysis for both Public (Coco Cola) and private (Amazon) organization. .....................................................................................................................................................9P6) Explain strengths and weaknesses inter-connected with external macro factors. .............10CONCLUSION..............................................................................................................................11REFERENCES................................................................................................................................1
INTRODUCTIONBusiness environment comprises of internal and external factor which directly affect thefunctioning of the business including supplier, customers, management etc. Organization need toexamine the business environment in order to design tactics for growth and success in the globalmarket place. This report is based on public (Coco Cola), private (Amazon) and voluntary (Savethe children UK) organization. This assignment covers private, public and voluntary firm inwhich detail information regarding size, scope, background, vision, mission etc.PESTEL(Political, economical, social, technological, environmental and legal) analysis is carriedout in an organization so that business can be expanded smoothly in the competitive world.Whereas, SWOT (Strengths, weaknesses, opportunities and threat) analysis is carried outenvironment so that threat and opportunities can be turned into their benefits (Aithal, 2016).However, throw-light on how functions of organizations are interrelated and impact the thestructure of the organization. P1) Discuss public, private and voluntary organization's purpose and legal structure. The distinguished types of private (Amazon), public (Coco Cola) and voluntary ( Savethe children UK) organization and their purposes and legal structure are discussed as follows: BasisPrivate FirmPublic Firm Voluntary firm Meaning Private company has“Ltd” at the end of theenterprise name and isowned and tradedprivatelyPublic company has“Pvt.Ltd” at the end ofthe firm's name and isowned and operatedpublicly. Voluntaryorganization work forthe betterment of thesociety and people. Minimum number ofmembersTheminimummember's needed tobuildpublicadministration areseven. In order to form acompany at-least twomembers are required. Minimumsevenmembers are needed toopen up a NGO or toform a society. Issue of prospectusPrivate organizationcan issue prospectusand public are notProspectus can beissued by publiccompany and they areSave the Children UKfirm does not have thenecessity to issue1
allowedforsubscription of shares.free enough to invitepublic for subscriptionof it's share. shares. PurposeIt's purpose is to gainhuge profits. Public organizationmain motive is toserve the public bygeneratingmoreemploymentopportunities and otherfacilities. It controlledby governing bodies. It's main purpose is touplift the communityor society (Ambler, T.,Witzel and Xi, 2016). Legal structure of Private firm are: Sole Trader: In the competitive world sole traders need less amount of finance to start abusiness. Newsagents, hairdressing etc. are the examples of private firm.Partnership: In partners the profits and loss are shared among the partners according totheir agreed ratio of sharing. In an firm partners can be from 2 to 20 depending upon the size ofthe company. Private Limited Company: In this case it a joint stock company in which business hasseparate legal entity. The shareholders are the part of the form and in any circumstances sharesare not sold top the general public. Legal structure of Public firm are: Local government: It is the local administration of countries, cities, towns whichincludes both country and municipal government structure. State government: This is accountable to share political powers with the federal ornational government. Central government: It is the political authority which governs an nation. The Unitedstate is a federal system in which authority and powers are shared among central and stategovernment (Andersson and Holm, 2015). Legal structure of Voluntary firm: 2
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