Business & Business Environment in John Lewis
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Added on 2021-02-22
Business & Business Environment in John Lewis
Added on 2021-02-22
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Business & BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................4Task 1...............................................................................................................................................5P1 Different types of organisation and their purposes and legal structures.................................5P2 Size and scope of different types of company........................................................................6TASK 2. ..........................................................................................................................................8P3. The relationship between different organisational functions and how they link toorganisational objectives and structure........................................................................................8TASK 3............................................................................................................................................9P4 Identify the positive and negative impact which macro environment has upon the businessoperations.....................................................................................................................................9TASK 4..........................................................................................................................................11P5. Internal and external analysis of specific organisations in order to identify strengths andweaknesses.................................................................................................................................11P6 Interrelation of strength and weaknesses with external environmental factors....................13CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
INTRODUCTIONBusiness environment is the collection of individual, factors and other activities, that mayor may not be under the control of business entity (Aithal, 2016). It can affect businessperformance, profitability and growth of business organisation. The main aim of this report is tomake understand the importance of business environment and how its impacts on business entity.To understand his John Lewis has been taken that is private company. It was establish in 1929 bySpedan Lewis. It is a chain of high end departmental stores operates business throughout the UK.It provides different types of products and services to its customers. This report discusses aboutdifferent types of organisation such as private, public and voluntary their purpose, legal structureand size of the organisation. The report will also state the different organisational functions andtheir link to company's objectives and structure. Moreover, report will covered positive andnegative impacts on business operations and strength and weakness of organisation thatinterrelates with external macro factors.Task 1P1 Different types of organisation and their purposes and legal structuresCompany is the entity which comprises many people for completing the work andachieving the goals. It is the collection of people where they works collectively in order toachieve goals and objects. The main aim of organisation is to minimize the wastage andmaximize the profitability. There are three types of organisation such as public, private andvoluntary. It involves internal and external factors which impacts on business industries. Thedescription of companies are described as:Public company: It means an organisation whose securities can be traded freely on stockexchange and it arranges funds from public sources (Allison, 2015). There is need to have morethan $10 million in capital and number of shareholders are 500 who works for non profit. BBC isBritish broadcasting corporation that was founded in 18 October 1922 by John Reith. It providesdifferent services such as television, radio and broadcasting. Legal structure: It means a legal entity who has capacity to involve in to a contract andagreement for running a business successfully. The pubic company follows various types of legalstructure like as central government, state government, general government, state governmentand other local authority who permits to business concern for running a business.
British broadcasting is following central government legal structure to run a business indifferent market place. The central government give permission to BBC for entering in to newmarket and provide product and services.Purpose: Its main purpose is to provide accurate and impartial news that help people tounderstand about the world. Moreover, it want to become support of learning for all age's people.Private company: This means a business entity who run a business by collecting capitalfrom internal sources like relatives, own capital and friends (Calabrese, 2018). The shares ofprivate company are not freely traded on stock exchange. John Lewis is a private company thatdeals in departmental stores in United Kingdom. Is was founded by Spedan Lewis in 1929. Themain aim of this organisation is to increase the productivity and profitability within organisation.The manager of this organisation works independently and focuses on profitability. Legal structure: Private sectors considers sole trader, cooperatives, private limited,partnership and public limited as legal structure. John Lewis is private organisation that followsprivate limited legal structure which help to increases the profits by selling the different types ofservices.Purpose: The main purpose of John Lewis is the happiness of its members by satisfyingpeople by proving products and services. Additionally, to become more successful business inthe world.Voluntary company: The meaning of voluntary organisation is to run for social welfareand non for making profits. Its main aim is to give highly satisfaction to people by providingservices. Oxfam is the charitable organisation which was founded in 1942 by many trusties whoworks for social welfare. The aim of this organisation is to reduce the poverty and maintain alifestyle of people. It mainly propounded for poor people who are living below poverty line. Legal structure: The legal structure of voluntary company involves unincorporatedassociation, a trust and organisation limited by guarantee (Cavusgil, 2014). It is used byvoluntary groups for providing social services. Oxfam is using trust legal structure that helps toremove the poverty and the living standard of poor person.Purpose: Its main purpose is reduce the poverty and give a good life to poor people. Italso wants that rich people should treat equally to poor people.
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