Business Environment Assignment H&M
Added on 2021-02-21
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BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1) Different types and purpose of organisation and legal structure..........................................1P2) Explain the size and scope of a range of different types of organisations............................3TASK 2............................................................................................................................................4P3) Explain the relationship between different organisational functions and how they link toorganisational objectives and structure.......................................................................................5TASK 3............................................................................................................................................6P4) Positive as well as negative impacts that macro environment has on business operations. .6TASK 4............................................................................................................................................7P5) Internal and external analysis of particular firm to identify strengths and weakness...........7P6) Strength and weaknesses interrelate with external macro factors........................................9CONCLUSION..............................................................................................................................10REFERENCE.................................................................................................................................11
INTRODUCTIONBusiness environment can be refers as all those factors of environment that can affectbusiness and its operations (Hilton and Platt, 2013). It include internal as well as externalenvironment of an organisation which influence business activities. Company should considerbusiness environment factors before developing any business decision and strategies for growthof company. For this report chosen company is Hennes & Mauritz (H&M). It is a multinationalclothing retail company and its headquarter is located at Stockholm, Sweden. This organisationis founded by Erling Persson in 1947. The purpose of this report is understand and evaluatebusiness environment for organisation success. This report contains different types oforganisation and sectors with their legal structure, size and scope of different organisation.Interrelation between different department of company. Impact of macro and micro environmenton business operations and strength and weakness interrelation with external macro factors.TASK 1P1) Different types and purpose of organisation and legal structurePublic sector companyThese are those companies which are owned by government body. Public sectorcompanies are controlled by government and all decisions are taken by government body(Hamilton and Webster, 2018). These company motive to provide services to its citizens only.Activities of this sector does not to earn profits. Public sector company example is Forestrycommission. PurposeForestry commission of UK purpose is to expand and protect forest environment. Thisorganisation is also responsible for providing sustainable management of woodlands formaintaining environment and society. Objective – Its objective is to protect, improve and expand nations forests, woodlands whichwill leads to increase forest and woodlands value to society and surrounding.Types of public sector organisationState Government: This government is responsible for taking decisions-making for aparticular state. State government can govern its political power and develop law forpeople and community within state.1
Central governmental: Central government have right and authority to control overcitizens and communities of nations. In this level of government is to deal with entirecountryLegal structuralLegal structure followed by Forestry commission is a non-ministerial government. Thisorganisation follow systematic legal structural to save and grow natural resources. This legalstructure is a type of British government which deals with matters of for direct political oversight. Non ministerial government help forestry commission to save land and forest of country. Theyare headed by senior civil servants. Private sector companyThese are those company with is develop and run by one or more people. Companies inprivate sector work with motive to earning profits and market share (Hillary, 2017). In this allactives and decision-making make is done by owner of business that can be an individual orgroup of people. Example of this sector is Hennes & Mauritz (H&M)Purpose H&M purpose is to provide high quality fashionable cloths to customers at best price. Itsaim is to continuously provide better products by manufacturing under good workingenvironment and limit impact on environment.Objective – Main objective of H&M is to run business activities which help in maintainingsocial, economical and environmental sustainability. Types of private sector organisationLarge corporation and multinational: These are those companies which deal andoperate in many other countries or nation to provide its products and services (Harrison,2013). Large corporation and multinational companies have their own legal and septateentity from its owners. Partnership: Its a legal form of organisation where all management of businessoperations and profits is shared between two or more people which can be refer aspartners in businessSole proprietorship: In this business is managed and owned by one individual. Soleproprietorship is a business when all decision-making and managing business activities2
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