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Business and business environment in an organisation

   

Added on  2020-07-22

20 Pages5640 Words436 Views
Business DevelopmentFinanceProfessional DevelopmentPolitical Science
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BUSINESS AND BUSINESS ENVIRONMENT
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Executive Summary:The following report is surfaced on the topic “business and business environment”. Businessenvironment plays the key role in an organisation. The external environment includes social,ethical, political and economical aspects that affect the business. On the other hand the internalenvironment includes the employees of the company, its stakeholders and management. Abalancer must be created between the external and internal environment of an organisation inorder to increase the overall output of the organisation. This report is dealt with a UK basedretail company known as Marks and Spencer. In the chosen company it has been seen that thedepartments are interred linked with each other in order to achieve the goal of the organisation.After completing the SWOT analysis on the strength and weakness of the company it has befound that in 2017 the company has earned 115.7 million profit and is functioning worldwide.
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Table of ContentsIntroduction.................................................................................................................................................................P1. Types of organization and their structure..............................................................................................................P2. Size and scope of the organisations.....................................................................................................................M1 Link of structure, size and scope to the business objectives and products and services. ..................................... P3. Different Organisational function of an organisation and how, it enhance the growth of the organisation................................................................................................................................................................M2 Advantages, disadvantages and impact of inter relation of departments in an organisation..................................D1 Impact of Inter Relation on an organisation and complexities of different organisational structure .....................................................................................................................................................................P4. Impacts of macro environment on an organisation:............................................................................................P5. Internal and External analysis of strengths and weaknesses:.............................................................................P6. Relation of strengths and weaknesses with external macro factors:...................................................................Conclusion:...............................................................................................................................................................References:..............................................................................................................................................................
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IntroductionThe internal and external factor that affects the business organization is known as businessenvironment. The factors of external environment are political, social, technical and ethicalissues. The factors that is included in the organization’s internal environment arte employees,management, working atmosphere, etc. There must be proper balance between the external andthe internal environment of an organization to enhance the performance of the organization.Recently Marks and Spencer has overcome a great economic turmoil because of the soundbalance created between the external and the internal environment. In the assignment thebusiness environment of Marks and Spencer will be discussed. P1. Types of organization and their structureIn the market there are various types of organizations based on their structure, Size and marketshare. The organizations are explained below: Private organization:Private organization is a type of organization which, is owned by an individual. The main motiveof the private organization is to earn maximum profit. The private sectors are short lived in theeconomy because any time an individual can close the organization if it does not earn any profit.The rate of unemployment is very high in private sectors because the level of job satisfaction istoo low. Private organization often neglects the employees well being because their main motiveis to earn profit. The market share of the private organization is low compared to the publicsector. Private organization often compromise with the quality of the product in order to earnmaximum profit. Private organization follow single line structure that is the structure is basedon hierarchy.Private sectors are ruled by the state legislature. All the activities of the private sectors areintervened by the state legislature of the concerned area. Sometimes multinational corporationsare also involved to check the workings of the private sector. It has been often seen that the statelegislation perform evil practices with a particular company. Sometimes the owner of the privateorganization choosers self rule so, that there is no external intervention in the organization. Legal structure In private business the liability of member is based upon the share they hold in the firm. The number of shareholder cannot exceed more than 50. A private firm cannot sold there share publicly without offering their shareholders first. A private firm in order to register themselves
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