Business Environment Assignment (BE)- Mark & Spencer
Added on 2020-06-04
19 Pages3991 Words65 Views
BusinessEnvironment
CONTENTSContents...........................................................................................................................................1INTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Purpose of private, public and voluntary organization and legal system......................1P2. Size and scope of a range of different types of organizations..........................................2TASK 2..........................................................................................................................................11P3 Relationship between different function of M&S achieve objectives mission..............11TASK 3..........................................................................................................................................12P4 Positive and negative impact macro environment in M&S............................................12TASK 4..........................................................................................................................................14P5 Strength and weakness.................................................................................................14P6 Interrelation of Strength and weakness with external Macro factors...........................15CONCLUSION...........................................................................................................................16References......................................................................................................................................17
INTRODUCTIONBusiness environment can be simply defined as an atmosphere where each and everycompany used to run their businesses. Such place consist different kinds of elements named asmacro and micro factors. Macro one includes external factors like government, society,economic condition of nation, environs, technological modifications and so on. On the otherhand, micro one involves other factors like suppliers, consumers, common public, rivals, etc.These would influence on decision making of corporation. This is to be noted that thesecomponents give great impact on the working as well as whole performance of a venture. Itcould be positive or negative depending on the condition of those factors (Agarwal, Grassl andPahl, 2012). The current report is designed on the basis of a popular airline firm known as Marksand Spencer. As a business analyst of M&S, I am responsible to carry out analysis of bothinternal and external environment and formulate better policies so firm can better respond to allthe changes that take place in environment. In this way, company can sustain in market for longrun and at the same time can generate more number of profits. In order to understand the impactof internal and external factors SWOT and PESTLE analysis is conducted which will assist infinding out the effects of each and how they interrelate on wider context. TASK 1P1. Purpose of private, public and voluntary organization and legal systemThere are several types of business organization that is operating in the corporate world.It has been classified into public, private, voluntary that have diverse laws and regulationsgoverning these sectors. The legal Structure of these institutions are described below: Public sector: This type of organization is under the control of government and havedifferent set of rules as compared to other institutions. They have the policy to raise their capitalthrough issue of shares and can have unlimited number of shareholders for their company. Theirbasic aim is to serve services for the society and do not exist for earning profits and revenues(Drucker, 2017). The other characteristic associated with this sector is that they have limitedliability of the extent of their expenditure. Private Sector: These type of business organization is under the control of someindividuals and their prime motive is to earn high financial gains and competitive image in1
business environment. This can be formed with minimum of 2 staff members and directors. Themaximum number of stakeholders is 50 only. The partner that can be formed comprises ofmaximum of 200 members that is defined in the law. Voluntary organization: This type of institution is established to deliver voluntaryservices to the society in order to increase their living standards and quality of life. All NGO’sare included in this type of sector. They do not exist for earning huge financial gains. They aregoverned under section 21 and there is trust which governs this type of business entity. They areknown as nonprofit organization system that involve work in solving several issues that get arisein the society in which they are living. Therefore, their important objective to face such issuesand raise the society of peace and free of challenges. From the above discussion it has been concluded that each and every business entity isdifferent from each other in terms of rules, regulations that govern these separate business firms.All of them have certain specific norms and system which is concerned about number ofmembers. Capital required as well as laws control the working of this system. Government alsohas to frame various rules and regulations that guide the actions of this organization system andperform overall work process according to it (Iskanius, Page and Anbuudayasankar, 2010).Therefore, every entity has to work while adhering to the set of rules so that they do not have toface problem in regarding to it. Non- adherence may lead to generation of so many problems anddifficulties in front of them. P2. Size and scope of a range of different types of organizationsM&S enjoy large scope and size that deliver large number of voluntary services of peoplethat are living in UK. It operates in around 1000 stores that is basically present in UK and around500 stores in international level. The employees that are working there is also huge in number.The scope of this company is high as it uses advanced and modern technology system n to theirbusiness operations so that final aims and objectives could be achieved. M&S alwaysconcentrates on producing such products and services that will yield them high profits and goodimage in the market place. M&S have different outlets and deals in number of sections and henceenable them to create sustainable image in the customer’s mind for longer period of time. Thereis different size of business which are operating at distinct size and scope such as:Sole trader – It is an option of carrying out business activity for an entrepreneur where he is theonly head of the whole business. All the decisions are taken by him and is responsible for the2
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Business and Business Environment Report - M&Slg...
|17
|5213
|27
Business and Business Environment Assignment: M&Slg...
|17
|4906
|37
P2 Size and scope of the organisationslg...
|15
|4559
|65
Business and the Business Environmentlg...
|18
|4719
|96
BUSINESS AND THE BUSINESS ENVIRONMENT TABLE OF CONTENTSlg...
|20
|5040
|477
The Structure and Scope of Different Types of Organisationslg...
|15
|5226
|156