Business & Business Environment Assignment - Zara
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Added on 2020-10-05
Business & Business Environment Assignment - Zara
Added on 2020-10-05
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BUSINESS & BUSINESSENVIRONMENT
INTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1.................................................................................................................................................3P2.................................................................................................................................................5TASK 2............................................................................................................................................9P3.................................................................................................................................................9TASK 3..........................................................................................................................................11P4...............................................................................................................................................11TASK 4..........................................................................................................................................13P5...............................................................................................................................................13P6...............................................................................................................................................14CONCLUSION..............................................................................................................................16REFRENCES.................................................................................................................................17
INTRODUCTIONBusiness environment is the mixture of internal as well as external elements which giveimpact on the working of organisations. It is dynamic in nature which gives direct impact onworking of organisations which exist in it. Moreover business environment is divided into twoparts i.e., micro and macro. This report is based on private sector organisation Zara and it is retailsector company. It is founded in 1975 and founder is Amancio Ortega, Rosalia Mera. Zara isserving there goods and services worldwide as well as they are offering clothes and accessories.Apart from this, in the assignment there are public and voluntary sector enterprises are also.Below mention report going to explain different types of organisations along with their purposeand legal structure. Moreover, there are several department in the enterprise and they all areinterrelated with each other is also enlighten (Hilton and Platt, 2013). Apart from this, macroenvironment factor on positive and negative impact on business operations. In the end SWOTand PESTEL is conducted for identifying internal as well as external environmental factors. From: Managing OfficerTo, CEO Of ZARASubject: Analysis of business environmentTASK 1P1 Introduction - There are several type of companies in the business environment which arerunning in the present changing trends. Every organisation have their own objective and purposefor carrying out daily activities. Business environment involves basically three sector companiesi.e., partnership, sole proprietor, PLC and so on. Organisation is group of people who are working for achieving common goals and thereare several external factors which affect business organisation. There are several types oforganisations in business environment description of those are as follows :- Partnership – This can be described as that business which has two or more than thosepersons who contributed their money for starting an organisation is known as partnershipbusiness. In such organisation every partner have right of taking decision and profit as well aslosses are divided according to the amount of capital invested.
Sole proprietorship – Sole proprietor is the person who carrying overall operations ofthe company and its his/her responsibility to achieve desired outcomes as well as objectives.They are mainly working with the motive of generating profit and satisfying own needs andwants. For instance,KURT GEIGER is an sole proprietor who deals in footwear and otheraccessories. Private limited – LTD and private limited companies is the type of small entity. LTDorganisations which limits liabilities of owner shares and there can be approx. 50 shareholders.There are restrictions on trading shares publicly. For example, Zara is theprivate sectororganisation which deals in clothes and accessories. PLC (public limited company) – These are the organisations which is running bygovernment and motive behind introducing are to supply goods and services to people forimproving there living standard as well as uplifting the economy. Public companies are notconstituent for earning profit but to fulfil needs and requirement of public. For instance, NICE ispublic sector enterprise and there are providing services to needed people and focus on health aswell as care for public (Bharadwaj and et.al., 2013). Main reason behind implementing effectiveservices is to provide effective services to the population of United Kingdom. Global Companies – Global simply means worldwide or in simple terms all over theworld. Organisations which are doing there business all over the world are known as globalcompanies. For instance, Coca-Cola which was a fledgling start-up in 1886 they start providingdrinks to U.S. Soldiers but now over 200 countries are enjoying products of Coca-Cola (GlobalCompany, 2018). Transnational company – These are the organisations which do there business in morethan one country and don't consider an particular nation as there national home. One of the majoradvantage of transnational companies is that they are capable to keep a greater degree ofresponsiveness to the local market where they remain facilities. For instance, Vodafone is thebiggest transnational company. Cooperatives – Co-operative is the word which stand for the ideas of living together andworking together. It is the form of business in which individual is voluntarily associated togetheras an human beings for promotion of economical interest in themselves. For example, The PhoneCo-op Limited is an co-operative telecommunication organisation which provides mobiletelephone, landlines, web hosting, internet and so on in United Kingdom.
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