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Business & Business Environment Assignment - Halifax bank

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Added on  2020-10-05

Business & Business Environment Assignment - Halifax bank

   Added on 2020-10-05

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BUSINESS & BUSINESSENVIRONMENT
Business & Business Environment Assignment - Halifax bank_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 and P2 Explain different types of organisation with their purpose explain the size andscope of the different types of organisation................................................................................1TASK 2............................................................................................................................................6P 3 Relationship between the various business operations and activities and the organisationalobjectives and structure...............................................................................................................6TASK 3............................................................................................................................................8P4 Identify the positive and negatives impacts the macro environment has upon businessoperations, supported by specific examples................................................................................8P5 Description over internal and external analysis of organisation in terms to identification ofstrength and weakness...............................................................................................................10P6 Define the strength and weakness interrelate with external macro factors. ........................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
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INTRODUCTIONA business is deeply influenced by the environment under which it operates. The positiveand supportive trading environment will help in good rise in the management of the businessactivities that will help in good handling of the operations and meeting of targeted goals andactions that are been followed within the organisation and thus help in good rise in the effectiveplanning of the operations which are been followed by a business organisation that facilitate agood rise in effectiveness of firm (Fernando, 2011.). The firm will see through the internal andexternal environmental factors that will be managed in order to mitigate the various risks that areassociated with the organisation. For the report, various organisations are been taken inconsideration with primary reference to Halifax bank, that works in banking sector. The reportwill lay emphasis on the various types of organisation involving public, private and voluntarysectors with legal structures, with their purposes. Also, the size, range and scope of variousorganisation is been evaluated. The relationship between various organisational functions andthose link to objectives and structure is been followed. The positive and negative impact ofmacro environment factors is been evaluated and the internal as well as external analysis oforganisation is been followed to identify the strength and weaknesses and its interrelation withexternal macro factors of the firm (Guariglia, Liu and Song, 2011).TASK 1P1 and P2 Explain different types of organisation with their purpose explain the size and scopeof the different types of organisation.An organisation is an entity that consists of group of multiple people to form anassociation or institution. The people in an organisation have the common goals and are deeplylinked to the external business environment. The external conditions impact the extent ofoperations that are been followed by the firm (Hair, 2015). There are many sorts oforganisations, mainly classified as private, public and voluntary sectors along with the legalstructures. The major purpose behind there existence is to provide effective products and servicesto their clients, generate revenue for their stake holders and gain a sustainable market position.There are a wide range of business operations and activities that are been followed by the firmthat will help in good rise in the effectiveness of the different sort of business operations andactivities that are been followed within the firm. The business sectors in UK are been classifiedin three sectors which are as follows:1
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Primary Sector: this sector involve the processing or extraction of raw material for theorganisation. This will also help in good rise in effectiveness of other firms.Secondary Sector: This sector involves the manufacturing and assembly processes. Thishelp in effective handling of the operations and meeting of the needs and demands oftheir customers. They convert the raw material in the usable goods and services.Tertiary sector: this involves the commercial sector which involves the use ofdistribution and production services. They are basically the service provider and give outthe specific distribution of product and services.Sole trader: A sole trader or proprietorship is the firm that help in good handling of the businessfunctions. They are the individual service provider and thus involve the operations of theorganisation in a better way by themselves (Lewin, Massini and Peeters, 2011). There is no legaldistinction between the person and his enterprise. The individual owner ha all the control overthe operations that will help him to utilize the earnings or profit by himself. Also, they get help inthe payment of taxes imposed by government. They have various advantages and disadvantages,which are as follows:Advantages:A sole firm face little difficulty to get set up in market compared to other sectors. They have very less reporting or analysing bodies, which enable them to work freely.They are very less impacted by the losses in the market and thus have investment, andincomes in a better way.Controlling over the business operations allows better opportunity to adopt the latesttechnologies and measures.They can easily set any organisational structure and make alterations as per the need. Disadvantage:The personal assets are at risk it the proprietor faces loses.Has a very less opportunity for the planning of taxes.Example of the Sole proprietor are the grocery store owner, salon, Garage owners etc.who work by themselves. They work in tertiary sector (Guariglia, Liu and Song, 2011).Partnership:2
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