LO 1 1 P1 different types and purposes of the organisation and their legal structures

   

Added on  2020-12-10

10 Pages2873 Words126 Views
Business and the BusinessEnvironment
LO 1 1 P1 different types and purposes of the organisation and their legal structures_1
Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 different types and purposes of the organisation and their legal structures...........................1P2 Size and scope of range of different types of organisation....................................................2LO 2.................................................................................................................................................3P3 relationship between different organisational functions and their link to the organisationalobjectives and structure...............................................................................................................3LO 3.................................................................................................................................................5p4 positive and negative impact that macro environment has upon the business operations....5LO 4.................................................................................................................................................6P5 Internal and external analysis of organisation to identify strengths and weakness...............6P6 strength and weakness interrelation with macro factors........................................................7Conclusion.......................................................................................................................................7REFERENCES................................................................................................................................8
LO 1 1 P1 different types and purposes of the organisation and their legal structures_2
INTRODUCTIONBusiness environment is sum of the collection of internal and external factors whichdirectly or indirectly affect the business organisation.McDonald's is the private multinational company offering fast food and services across theworld. Present study is based on the types and purpose of public, private and voluntaryenterprises.Further it also explains about the various macro factors which affect the business organisationand the interrelationship of various functions of organisation.LO 1P1 different types and purposes of the organisation and their legal structures.There are different type of organisations in which all the companies are mainly classifiedin. namely a public, private, voluntary. All these organisations have their own way of control andcontaining different legal formalities which are required to be fulfil by the companies which areincorporated in above organisations.Public company- is called as public limited company or public listed company which issue theirsecurities through initial public offering and trade the company's stock on more than one stockexchanges over the counter market. Example TESCO is multinational public traded company.Purpose- These public sector enterprises are government owned bodies which seeks todeliver public goods and services including military, police, public infrastructures and manyother activities which are required for the betterment of the services and government iscontinuously funding this enterprise which ultimately helps in further development and growthof the economy and nation.Legal structure-the public company is incorporated business run b y the board ofdirectors of the company on behalf of their shareholders. If the company wants to act under legalguidance than they will be issued with new certificate of Incorporation and certificate of tradingwhich allows them to sell their shares on the stock exchanges they have to publish their accountsto their investors and bankers regarding their growth and success(Phadermrod,Crowder andWills, 2019).Private company-is the company who does not offer their shares for sale to public on stockmarket exchanges and which operates under the legal requirement which is less strict than public1
LO 1 1 P1 different types and purposes of the organisation and their legal structures_3

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