Business & Business Environment INTRODUCTION 3 Part 13 P1 Private, Public and Voluntary Organisation

   

Added on  2020-07-23

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Business & BusinessEnvironment
Business & Business Environment INTRODUCTION 3 Part 13 P1 Private, Public and Voluntary Organisation_1
Table of ContentsINTRODUCTION...........................................................................................................................3PART 1............................................................................................................................................3P1 Private, Public and Voluntary organisation and its Legal structure. .....................................3P2 Size and scope of TESCO, Marks and Spencer's and NHS. .................................................4P3 Relationship between various functions in M&S. ...............................................................5PART 2............................................................................................................................................6P4 PESTLE analysis of M&S ....................................................................................................6P5 Swot analysis of M&S...........................................................................................................8P6 Interrelation between internal and external factors................................................................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
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INTRODUCTIONAll those factors the affect the environment of business and which cannot be controlledby the organisation are known as Business Environment. These factors include all the internaland external forces that influence the growth, survival end expansion of business in a givenmarket. All these factors behave differently with different type of organisation i.e. Private, Publicand voluntary. Marks & Spencer's is one such private organisation (PikkaIskanius and Page,2011). Here we will have a detailed study about how these factors will affect M&S and otherinstitutions , what is its legal structure, size and scope of all types of organisation. It will also bediscussed how these institutions relate and what are the necessary steps taken by it to achievethe objective of the company. As PESTLE and SWOT analysis are important parameters forcomparing the growth and expansion of an industry these factors will be studied in detains andalso provide ways and steps that the company will require to take in order to reach its objective.PART 1P1 Private, Public and Voluntary organisation and its Legal structure. Private Organisation: Every company is formed with the aim to generate profits out ofit in order to survive, grow and expand in future. The members of a private organisation aremostly family members and the shares are also issued to them (Cantwell, Dunning,and Lundan,2010). The shares of private company are not traded in any stock exchange. M&S. Is one suchcompany. This type of institution has minimal government intervention. The company can anytime become a public company in future by issuing an IPO. Marks and Spencer's is one of theleading private company in the retail sector dealing in clothes, home products and luxury fooditems. It was initially a partnership firm founded in the year 1884, by Michael Marks andThomas Spencer. It aims at providing a world class retail experience to its customers and alsoreward its employees by maximising the profit and increasing sales revenuePublic Organisation: The aim of this company is also to earn profits but it distributes theprofits earned to its shareholders in the form of dividends. It is formed by issuing an IPO togeneral public. TESCO a public company is managed by and operated by a team of membersknown as Board of directors which act as a representative of the shareholders. Since, a lot ofshareholders money are involved in this if faces a lot of government interventions. 3
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Voluntary Organisation: Its main purpose is to help people and works for the welfare ofthe society. NHS is a Non Profit making organisation (Chavis, Klapper, and Love, 2011). It canbe both a government institution or a private non profit organisation. For example, NHS, is aVoluntary association with the only purpose of serving its patients. it was formed in the year1948, to provide the best of medical facilities either critical or non critical for the residents ofEngland free of cost and some services for a very nominal feeHere the members of theseorganisations voluntarily come together to achieve a common goal. The various forms of legal structure are sole proprietorship, partnership, companies .Business trusts . Sole proprietorship: It is owned and managed by a single person. The start up cost forthis type of business is very low. Since no other person is associated with it the liability of theowner is unlimited i.e. Even his personal assets can be used to pay the debt of creditors.Partnership Firm: In this two or more persons come together in order to share theprofits of business (Commander,and Svejnar, 2011). In this either both or any one partner bringthe capital to start it. All the partners in the partnership firm are equally responsible for theliability of the firm. To ensure that there are no issues relating to the work, responsibility andsharing in profits a partnership deed is signed and registered. Company: Any body of corporate formed with a view to distribute the profits among itsshareholders and registered under the companies act is known as Company. The minimumnumbers of members required to form a private company is 2 and maximum 200 where as inpublic company the minimum members are 7 and maximum is unlimited. Here the liability of itsshareholders is limited to the extent of its share amount. Members have right to buy, sell ortransfer its shares. Voluntary Trust: Here there is no restriction on minimum and maximum number ofmembers. The members come together to serve the society and its people. It can either be anindependent trust or in tie up with a government body. There is no legal and governmentinvolvement in these type of trusts. NHS is trust formed to treat both critical and non criticalresidents free of charge. P2 Size and scope of TESCO, Marks and Spencer's and NHS. TESCO is one of the leading public limited company in the retail sector. It is the thirdlargest retailer in the world in terms of profits. TESCO was established in the year 1919 by Jack4
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