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Research on Business Environment - Mark ans Spencer

   

Added on  2020-06-04

13 Pages5011 Words47 Views
BUSINESS ENVIRONMENT

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Discuss different types of organisations with their legal structure........................................1P2 Size and scope of various types of organisations ..................................................................4TASK 2............................................................................................................................................5P3 Assess the relationship between different organisational functions......................................5P4 Explain positive and negative impact of macro environment on M&S................................6TASK3............................................................................................................................................6P5 Conduct SWOT analysis for Mark and Spencer....................................................................6P6 Identify how strengths and weaknesses can be influenced by external factors. ...................8CONCLUSION................................................................................................................................9REFERENCES .............................................................................................................................10

INTRODUCTIONThe business environment are made of with two factors as internal and external factorsthat has power to influence business but these both are able to make impact on each others likethey are make impact on customers, suppliers and managements, business regulation or demand.Generally external factors are beyond the control that any organisation could not be able tomanage it but internal ones can be managed actually they affect the function of the company(Harrison 2011). These environment are the mixtures of the macro and micro conditions that aremore powerful to affect decision making and operations of business. Some times these factorscan aid to company as they helps in increasing the effectiveness and efficiency of organisation.The Mark ans Spencer is the British multinational retailer which deals in foods item andclothing, it is founded in nearly 1883 and serves world wide. Mark and Spencer is coming inpublic limited company. Here this report is concerning with the various types such as public,sloe, private of organisation and their sizes with business scopes also it depicts the relations withdifferent organisational functions with their objectives. This covers the impacts of macroenvironment on business as negative or positive. This report gives environmental analysis ofMark and Spencer company. TASK 1P1 Discuss different types of organisations with their legal structureBusiness organisation can be individual or group of persons which collaborates to attaincertain commercial objective. Some of the organisations are frame to earn income forparticularly owners and other ones are call non profits and framed for public purpose. The mainthings which are business does that they uses resources, earn and provides life supportable goodsto general public and help them. An business organisation shares same culture in entire differentdepartments of the company (Aula 2010). The organisational culture reflects the values that arebegin shared in firm. Some of the major types of companies are:Private company: the private organisations is a company that have legal securities by aninitial public offering and make trade on least stock exchange. This is different from publicsectors but has same operation functions. Privates company has ownership limited to relativelysmall numbers of investors. These types of organisation are framed for the purpose of earningand making profits. This firms are majorly free from government entity other way government1

has no possession or control over private companies. Hence the Mark and Spencer is the firmwhich are known as the private company and such kind of enterprise has concentration onprovides employments care they have larger scale of operations (Blanchard Tolbert andMencken2011). This types of organisation are more suitable for those national whom have freeeconomy such as United Kingdom. These firms will functioning accordingly with respect of lawsof the country in which they conducting their operation or generally regulates by states. Thelegal frame or structure of these organisations includes:(Source: legal structure of private sector)Sole proprietorship: this type of the business are known as the easiest business type to operatesand starts. Here this is not need to go form registration to begin an new business. A single mancan be able to run this type of firm alone they don't have to frame the post of board of directorsand have no regulations. The owner has full possession and control over his business and he isnot liable to answer for his mistakes or profits. In the end owner will be the one who is enjoys allprofits and bear losses. This is a simplest and inexpensive nature of business. One person canoperates this firm but if business has some numbers of employee then this cannot be added tosole proprietor business. Then one and most attractive thing or advantages of this sole proprietorfirm is the tax time is less complicated the business men do not needs to pay up the corporatestax and whatever profits are made are reported in the context of the business personal as hispersonal income cause he was the only one who made investments in business. There are no2Illustration 1: Legal structures of private sector

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