Business & Business Environment - John Lewis Assignment

Added on - 21 Feb 2021

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BUSINESS & BUSINESSENVIRONMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types of organisations and their purpose.................................................................1P2 Size and scope of different organisations...............................................................................2P3 Relationship between organisational functions and their link with company’s objective.....4TASK 2............................................................................................................................................5P4 Positive and negative impact of macro environment on business..........................................5P5 Internal and external analyses of business..............................................................................5P6 Relationship between strength, weakness and external factors..............................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONOrganisations need to consider many internal and external factors in order to standsuccessfully in the market. Business environment assists in determining market opportunities andthreats to firm (Prajogo, 2016). Present study is based on John Lewis partnership firm whichoffers clothing, watches, etc. many other retail items. Current assignment will describe purposeand legal structure of public, voluntary and private companies. Furthermore, comparison of thesefirms on the bases of size and scope will be done in this report. Study will explaininterrelationship between various organisational functions. In addition, report will conductSWOT and PESTLE analyses of John Lewis partnership firm.TASK 1P1 Different types of organisations and their purposeLegal formation and purpose of each firm is different from other organisation. Differenttypes of firms are explained as below:Public companiesIt is the type of business which has authority to sell its shares to public. Stakeholdersshare the ownership and there is intervention of government (Hamilton and Webster, 2018).The main agenda of such companies is to offer high quality services to consumers andwork for public interest.It is essential for public limited company to have two shareholders in business and itneeds to be registered in companies houses. Decisions are taken by board of directors byconsidering the views of shareholders. It is mandatory for public firms to publish their financialaccounts, this aids shareholders in analysing financial health of enterprise. BBC is the greatexample of public limited company. It is the leading and oldest broadcasting firm which isoffering its services worldwide (Kljucnikov and et.al., 2016).Private companiesThis is another kind of organisation which has private ownership. These firms cannot sellor trade their shares to public. There is no essential requirement of meeting the SEC (Securityand exchange commission) filing.The purpose of private entities is to expand business and generate huge revenues, theseenterprises work to gain competitive advantage hence serve such products which may attractmore consumers and can support in raising profitability.1
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