Internal and External Factors Influence on Business Environment
Added on 2020-12-29
12 Pages3475 Words262 Views
Business environment
Table of ContentsINTRODUCTION.......................................................................................................................................3TASK 1.......................................................................................................................................................3P.1 Various types and purpose of organization......................................................................................3P.2 Size and scope of different types of firm...........................................................................................4P3 Relationship between organisational functions.......................................................................................5TASK 2.......................................................................................................................................................6P4 Positive and negative impact of external factors on business environment.........................................6P5 Internal and external analysis to know strengths and weaknesses....................................................8TASK 3.....................................................................................................................................................10P6 Interrelation of strengths and weaknesses with external factors.....................................................10CONCLUSION.........................................................................................................................................10REFERENCES..............................................................................................................................................11
INTRODUCTIONBusiness environment is the environment which consists of all the different internal as well as the external factors (Al-Swidi and Al-Hosam, 2012). Thus as a result company has to create various plans and policies so that they can easily adopt the factors and they can easily perform better. Thus as a result they can easily enhance their performance and services. Thus they can generate more revenues. Hence firm can easily expand their operations. Assignment describes about the Sainsbury company. It was found in U.K. Report explains about the different types and sizes of organization. It further explains about the interrelationship of various functions in the firm and their relation to the organizational structure. It further explains about the various examples to show the positive and negative impact the macro environment on the business operations. It also explains about the internal strengths and weakness of specific business and their relation with the external macro factors. TASK 1 P.1 Various types and purpose of organizationVarious types of firms are performing the different functions (business environment, 2018). Thus they can perform all tasks according to needs and wants of the society (Bryman and Bell, 2015). There are various changes in the organization and the environment. Thus as a result they can easily enhance their performance. The differences are:BasisProfitNPONGOMeaningThese are the firm which only runs fpor profits. They can evaluate demand and needs of society. These are the firms thatdo not have objective toearn more profits. Thus as a result they can enhance the market share. There is involvement of government. There is a non govt organization whose objective is to serve the society. It can be performed by ,mutual understanding of many people. Area of operationsIt can be small or largeThey have wide area of operations and thus they can deliver various facilities. Their area is small and they can easily provide services so that they can fulfill needs and wants of people. ObjectivesTheir main aim is to enhance more revenuesThe revenues earned bythe company and then They have different factors so that they can
and they can easily earnmore profits. They can be done through great promoting various brands. it has to prove different benefits to society. influence business in a different manner. Thesecompanies try to reduceto sufferings in the society. Objectives of various organizations are:Private sector: It is the firm whuch have objectives to earn more profits. In this sector there are many firms and thus there can be increase in competition (Christopher and Holweg, 2011). It is one of the most important factor and thus there can be effective factor through which they can easily perform all activities. Various staff members are there that can easily enhance the activities and operations. They can perform business at partnership, individual and firm’s level. Hence as a result they can easily enhance their operations. Main objective is to help the firm. It is crucial so that they can enhance the profits and can increase the market share. Public sector: The companies are controlled by government. They can be done with the help of political party and their objective is to provide facilities to people. They are managed by central and local level. Their objective is to enhance the status level and they can give different changes in the people. This helps the firm in increasing their standard. Voluntary sector: They are the company that can help to other people that are living in the society. For example reduction in the poverty and child education and they are the main reason behind the company. Revenues can be earned due to the particular purpose (Onetti, and et. al.2012). Main objective is to create different strategies so that they can improve the effectiveness of all people. P.2 Size and scope of different types of firmAll objectives for all organization are very different types of organizations. There is a unique reason that a firm can work each of all activities and operations. It is crucial that company can perform tasks in a better manner. Private company: Sainsbury is a good example fir this company. Thus there is less of interference of govtsector. They can give competition to other companies and they can change their plans and policies. Theycan give steps so that they can take some corrective actions. 2 individuals are required in running this company. Maximum is the 50 people. They have to create plans and policies. Public company: This is the company whose objective is to provide services to all people so that they can give different benefits to all people. It is more reliable and they do not adopt changes in a rapid manner. Hence there is no competition (Cross and Miller, 2011). Minimum is 7 people are required to operate this company.
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