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Assignment on Business Environment - Marks & Spencer

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Added on  2020-06-04

Assignment on Business Environment - Marks & Spencer

   Added on 2020-06-04

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Assignment on Business Environment - Marks & Spencer_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Different types and purposes of organisations.................................................................1P2. Size and scope of different types of organisations...........................................................3TASK 2............................................................................................................................................4P3 Relationship between different organisational functions and its link with organisationalstructures and objectives.........................................................................................................4TASK 3............................................................................................................................................5P4 Positive and negative impact of macro environment upon business operations...............5TASK 4............................................................................................................................................7P5 Internal and external analysis of enterprise to identify its strengths and weakness..........7P6 Interrelationship of strengths and weakness with macro factors.......................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
Assignment on Business Environment - Marks & Spencer_2
INTRODUCTIONBusiness environment is a combination of those internal and external factors thatinfluence the business activities of an organisation. This includes the elements such as suppliers,competitors, technology, government, market trends and many more (Welford, 2013). All thesefactors affect the commercial activities of an enterprise in either direct or indirect way. Managerof every enterprise carries out this analysis in order to formulate policies, strategies and plans forthe business. This study helps the organization to produce and offer better quality of products toits customers as compared to its rivals and for capturing a larger market share. M&S (Marks &Spencer) is one of the leading retailers in grocery products, based in UK that is taken in thisreport for study. Various types of enterprises with their purpose, legal structure, scope and sizeare all detailed here. Further, relationship between different organisational functions and theirlink with structure of company along with impact of factors of macro environment on businessactivities are also discussed here. TASK 1P1. Different types and purposes of organisationsEvery individual carries out business to generate a large amount of profit by satisfyingthe needs and wants of different customers. Operations of an enterprise get affected by its size,objective and aim. Large companies execute their operations at a large scale while, smallbusiness enterprises operate on a small level. Different types of organisations and their mainpurposes can be understood by following points:Public limited company: Firms whose ownership remain in the hands of government isknown as public limited company. These types of organisations make and offer good quality ofproducts to better satisfy the needs of customers (Rankin, Windsor and Wahyuni, 2011.). Thistype of company invites public to buy shares for raising finance for its commercial operations.Public enterprise keep a word PLC behind its name and held a meeting every year called annualgeneral meeting to take suggestions from its stakeholders about expansion of business activities.Crown prosecution service is an example of public limited enterprise. Main responsibility of firmis to provide legal advice to police and other investigative agencies during the process ofcriminal investigations. Legal structure of public limited company1
Assignment on Business Environment - Marks & Spencer_3
General government: This is divided into following:Central government: This is known as an apex body of government which controls allactivities of a nation. Main responsibility of this type of government is to collect tax andprint money.State government: This government keep a eye on the activities of a particular state. Thisgovernment play a big role in control the activities of education universities. Local government: Control of activities of a particular town or city is undertaken by thelocal government. Private limited company: Companies which are controlled by individuals or group ofpeople with an aim of earning profit is known as private limited company. These types of firmsdo not invite public to buy its shares and number of maximum shareholders in this is 50. M&S isan example of private limited company (Myers and Korsmo, 2014). These types of organisationsmake all efforts to increase the number of profits and to achieve maximum utilisation ofresources. Private limited companies are further divided into following: Sole trader: When a business is operated and executed by a single person and whenhe/she gain all profits and losses of business then it is known as sole trader. Quickdecision making is one of the main features and benefits of this type of business. Partnership: When two or more than two individuals carry out business and share allprofits and losses among them is known as partnership (Mojaveri and Fazlollahtabar,2012). For achieving consistency in business operations and to minimise the number ofconflicts, a written document called partnership deed is signed by all partners. Thisincludes all basic information about partners including their age, address, share of profitand many more.Voluntary sector: When two or more than two individuals carry a business with an aimof doing social development and personal welfare of individuals then it is known asvoluntary organisation. These types of firms are also known as non-profit enterprises.British heart foundation is an example of voluntary sector (Hamilton and Webster,2015). This is the largest funder of cardiovascular research in United Kingdom. Firm isconcerned about increasing death rate of individuals from cardiovascular disease. 2
Assignment on Business Environment - Marks & Spencer_4

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