Business Environment Analysis of McDonalds

   

Added on  2020-12-10

16 Pages4998 Words234 Views
Business and the BusinessEnvironment
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Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 Different types and purposes of the organisation with its legal structure..............................1P2 Size and scope of range of different types of organisation....................................................2LO 2.................................................................................................................................................3P3 Explain relationship between different organisational functions and link withorganisational objectives and structure.......................................................................................3LO 3.................................................................................................................................................4P4 Positive and negative impact of macro environment which impact on business operationssupported with example..............................................................................................................4LO 4.................................................................................................................................................6P5 Internal and external analysis of specific organisation to identify strength and weaknesses6P6 How strength and weaknesses interrelate with external macro factors.................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
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INTRODUCTIONBusiness environment can be defined as the sum total of all external and internal factorsthat are generally influence to the enterprise. Business environment has an important role insuccess of the enterprise. In this consideration, organisation take place with realistic plans andensure that effectiveness will be gather that helps to lead several opportunities and threats. Withrespect to discover and exploit opportunities, it can be stated that it helps to keep business alertwith approach and activities (Akter, Wamba and Childe, 2016). Present is study based on McDonald's which is fast food company and considered severaloperations in all over the world. With this consideration, the selected business is determineoperations and functions that are effective to promote desired level of outcomes. In respect to focus on the present report, it covers different types of businesses and theirpurposes that are important to accomplish goals. Furthermore, it demonstrates relationshipbetween different functions and its links with organisational objectives. Moreover, internal andexternal environment analysis ascertained which would be helpful to assess strengths andweaknesses. LO 1P1 Different types and purposes of the organisation with its legal structureIn the country, there are different types of businesses helps to increase economic growthand development of organisation in positive consideration. In this regard, different kinds ofbusinesses explained under here:Public enterprise: Public enterprise is commonly accepted which determines anundertaking of government owns and manages functions to maximise social welfarewhich uphold public interest in the business. In order to deal in effective consideration,their main aim is tom deal with public welfare services such as health care and those forgovernment working (Alles, Brennan and Vasarhelyi, 2018). For instance, Tesco isprivate sector enterprise which deals in retail operations and functions and ascertainedwith significant advantages to attract more customers and earn profit. Legal structure ofthis kind of enterprise considered as sole trader because it is generally run by anindividual. Therefore, business profit made in which person is responsible to makeprofitable outcomes. 1
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