(solved) Business Environment of Morrisons

Added on - 22 Nov 2020

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Business Environment
ContentsINTRODUCTION...........................................................................................................................1P2 Size and scope of the organisations........................................................................................3TASK 2............................................................................................................................................6P3. Relationship between various functions of an enterprise and its link with objectives andstructure of firm...........................................................................................................................6TASK 3............................................................................................................................................7P4. Positive and negative impact of macro environment upon business actions and operations:.....................................................................................................................................................7TASK 4............................................................................................................................................9CONCLUSION..............................................................................................................................12REFRENCES.................................................................................................................................13
INTRODUCTIONBusiness environment refers to the number of internal as well as external factors that arenot in the control of business and affects its functioning(Agarwal, Grassl, and Pahl 2012). Itnormally includes customers, management, employees, business regulations, demand and supply,competitors, government etc. Morrisons is the UK's fourth largest retail supermarket chain storesthat deal in products like food and drinks, clothing, books, magazines, CDs and DVDs and hasmore than 498 stores. This report describes the legal structure, size and scope of company andidentifying the type of organisational structure along with relationship between them. It alsoundertakes SWOT and PESTLE analysis that identifies threats and opportunities present in theMorrisons external environment.TASK 1P1 Type and purpose of Organisation with their legal structurePrivate organisation:-Private organisation refers to the the business which is operated by individual instead ofgovernment(Andersson, Forsgren and Holm 2015).It work with the goal of making profit.Morrisons is an retail firm that can used as an example of private firm.Purpose:The main aim of company is to provide high quality product according to theirdemand to satisfy their need and to earn maximum profit from their offerings.Legal Structure of Private enterprise:Sole proprietorship:It is a single person business which requires minimum start-up cost.Sole proprietor has unlimited liability i.e. bears all the risk of venture and also enjoyswhole benefit.Partnership:Partnership is a business organisation in which two or more individualsinvest their money and resources and shares profit & losses as per the terms andconditions of partnership deed.Limited companies:It refers to the private firm which is limited on the basis of numberof share held by them and liability of each member is also limited that means if some lossoccurs then shareholders are liable to sell their assets for payment.Public Organisation:-Public organisation is an enterprise which is owned and managed by local and centralgovernment or publicly funded agencies that provide service to citizens. Sources of fund for1
these companies are taxes, fees and fund transferred from other levels of government. NHS is apublic sector company which provides health care services.Purpose:Main purpose of public firm is not to earn profit. They have the main is aboutproviding free of cost health care facilities to the poor individual of society.Legal structure of Public enterprise:State government:It is an government of country subdivided in confederateformwhich shares political power with central government of the country. It generallyformulate laws for state.Central government:Central government has the control over unitary states of countryhaving distinct power at various level delegated to it. It formulated rule and regulationsfor its state members.Local government:Local government is an administrative body having control over thesmaller geographical area or region like city or town and can not enforce any law thataffect a wider area.Voluntary organisation:-Voluntary organisation refers to the enterprise that are democratic, secular, independentand works for the welfare of the society. It is not-for-profit organisation which operates inresearch, scientific operations and religious whose main aim is to sever nation and not to makeprofit. British Heart Foundation is an voluntary organisation which perform Cardiovascularresearch in UK to prevent heart and circulatory disease.Purpose:Its main aim is to operate those activities that have an social impact and providebenefit and enrichment to society as whole instead of creating profit.Legal structure of Voluntary organisation:Unincorporated association:It refers to the group of people having common interest andwill undertakes operations for the welfare of public. It is governed by constitution andwho have unlimited liability as they are not recognised by law.Incorporated association: This is when an company is considered separate from itsdirector/trustee and is recognised in law as an legal entity(Cohen and Kietzmann 2014). Suchcorporate bodies can enter into the contract on the name of organisation.2
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