Business Environment Assignment : Toyota

Added on - 02 Jan 2021

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Business and businessenvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 different purpose of organisations as per their structure; public, private and legal structure.................................................................................................................................................1P2 Explain the size and scope of a range of different types of organisations........................2P3 Explain the relationship between different organisational functions and how they link toorganisational objectives and structure..................................................................................3TASK 2............................................................................................................................................4P4 Identify the positive and negative impacts the macro environment has upon businessoperations, supported by specific examples...........................................................................4P5 Conduct internal and external analysis of specific organisations in order to identifystrengths and weaknesses.......................................................................................................4P6 Explain how strengths and weaknesses interrelate with external macro factors...............4CONCLUSION................................................................................................................................4REFERENCES...............................................................................................................................5
INTRODUCTIONBusiness and business environment refers to a combination of external and internal factorswhich have impact over the business organisation. Toyota is a car manufacturing company ofUK. The company has awarded as world's market leaders automotive company in all over theworld. The company was established in the year 1937 by Mr. Kiichiro Toyoda. It has its businessin many countries like UK, US, China, India, etc. this assignment will cover a detailed studyabout different purposes of the different kind of organisation along with their size, scope. Thisstudy will also explain relationship between different organisational functions with theiradvantages and disadvantages, impact of macro environment on businesses, a complete analysisof strengths and weaknesses of the business and their interrelation with external macro factors.TASK 1P1 different purpose of organisations as per their structure; public, private and legal structure.Public Ltd companyFor the purpose of understanding purpose of a public organisation, Tata motors could bataken as the best example. It is an Indian car manufacturing brand.Purpose of companyBeing a public Ltd. Company, the main purpose of Tata motors is to maximize its shareholder's value.Share holders are owners of the company, so it is the purpose of business tosatisfy its shareholders by giving them interest, dividend etc.Further, a public company also need to fulfil its corporate social responsibility against theprofit earned by it. As the shares can be purchased by general public, it is a goal of the companyto present itself as a ethical and honest company so that it can attract the consumers to buy itsshares (Eling and Schaper, 2017).Private Ltd companyAn example of Toyota pvt. Ltd. Can be taken for the purpose of knowing the mainpurpose of any pvt Ltd. Company. The company manufactures luxury cars in all over the world.Purpose of businessThe major objective of any private company is to earn maximum profit from the marketalong with having a large amount of market share. Having a monopolistic position in the marketcan also be taken as main purpose if the company wants to earn extra profit from themarket(Pearson, 2017). Every company has a purpose of shaping its objectives and aims beyond1
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