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Business Environment - Arcadia

   

Added on  2020-10-23

16 Pages4563 Words115 Views
Business and the BusinessEnvironment

Table of ContentsINTRODUCTION...........................................................................................................................1LO1..................................................................................................................................................1P1 Different types of organisations and their purpose ...............................................................1P2 Size and Scope of Organisations............................................................................................2LO2..................................................................................................................................................5P3 Relationships between different functions of an organisation and their link withorganisational objectives and structures......................................................................................5LO4..................................................................................................................................................6P4 Positive and negative impact on macro environment:...........................................................6LO4..................................................................................................................................................8P5 External and internal analysis of an organisation..................................................................8P6 Interrelation of Strengths and Weaknesses of Arcadia with its macro factors.....................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11

INTRODUCTIONBusiness Environment consists of a set of climatic factors whether internal or externalfactors that have an impact on the organisation and its business. These environmental factorsaffects the organisations' performance in sustaining it success and profitability. Businessenvironment also effects the organisations decisions. It consists of set of political, cultural, socialand other factors of an environment in which the business operates. In this report Arcadia istaken as an organisation, Arcadia is a British company deals in retails of clothing, accessoriesand shoes(Schaltegger and Wagner, 2017). This report discuss about the types and purpose ofdifferent organisations, their size and scope. This report also highlights the relationships ofvarious functions of an organisation. This report also discusses about the positive and negativeimpact of macro factors on an organisation. This report analyses the internal strengths andweaknesses of an organisation and their relationships with macro factors.LO1P1 Different types of organisations and their purpose Public Sector Organisations – A public sector organisation is an organisation that iscompletely owned and managed by the government. The main objective of a public sectororganisation is to deliver services to the people while at the time generating enough profits tofunctioning better. Also, its aim includes to get better infrastructure and pay its employees. Theseorganisations run on commercial basis(Belás and et.al., 2015.). For example – Organisations such as British council specialise in international structureand educational opportunities. The key role of such organisation is to promote a widerknowledge of United Kingdom and the English language. It operates under the command ofRoyal Charter or its governing body, which is British government. The legal structure of British Council consists of group structure which, in addition to theBritish Council charity, includes subsidiary undertakings in the UK and overseas. Informationregarding these separate legal entities is provided in the governance statement and notes of theaccounts sections of the British Council's annual reports. Private Sector Organisations – Private sector organisations are part of a countryeconomic system that is run by individuals and companies, rather than the government. Suchorganisations run with the intention of making profit. These organisations are larger in free1

enterprise economies, such as United States and United Kingdom. In these country's governmentimposes relatively few restrictions on businesses, which makes it easy for individualorganisations to run and flourish. For example – Organisations such as Arcadia Group in UK, comes under private sectororganisations. The company owns high street clothing retailers in UK and worldwide. Withhaving more that 2,500 outlets in UK, the company's major objective is to garner maximumprofits in the clothing retail as well as to develop tools and capabilities that improve theproductivity, quality, and dissemination of the organisation. The legal structure of Arcadia consists as a joint-stock company. It is an incorporatedbusiness organisation where the business has a separate legal identity from its owners. Also, thefirm is owned by the shareholders as well, where each shareholder has limited liability for thecompany's debts and can, therefore, loose the value of their investment in the company. Voluntary Sector Organisations – Voluntary Sector usually includes those organisations whosepurpose is to benefit and enrich the society. Without having profit as a motive or with little or nothaving any government intervention.For example – Organisations such as Oxfam in United Kingdom is a confederation of 20independent charitable organisation focusing on the alleviation of global poverty. It a majornon-profit organisation with an extensive collection of operations. Oxfam objectives include toserve the needy and gather funds for research and awareness(Apăvăloaie, 2014.). The legal structure of voluntary firms such as Oxfam include trust and unincorporatedassociation within the organisation. Also, the Board of Oxfam is the major deciding factor forany changes within the organisation. It elects the leaders and voting members. Its purpose is toensure that Oxfam International is accountable, transparent, and fit for purpose. The constitutionand Strategic Plan are also approved at Board level in the organisation. Public Sector Private SectorVoluntary Sector DefinitionPublic sector is a typeof an organisationwhich are operatedand owned by theThese are the type ofsectors which run andoperated by the privateindividuals. Voluntary sector is asector in which thesocial activities aretaken up by the2

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