This presentation provides an overview of the business environment, including the factors that influence a company's operations. It explores the different types of organizations (public, private, and voluntary) and their size and scope. The presentation concludes by highlighting the differences between these sectors.
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Business Environment TASK 1 (P1 & P2)
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Introduction Business environment is combination of both internal as well as external factors which have direct or indirect influence upon growth and functioning of an enterprise. All these factors are inter-related and dynamic in nature. Variouscomponentsofbusinessarelabour,capital, suppliers,clients,etc.andthesefactorsareusedto identifythreatsandopportunitiesthatcaninfluence growth of a company.
Different types and purpose of organisation Variousfactorsthataffectbusinessareavailabilityof resources, supplier and distributor network, technology, legal and governmental aspects, substitutes in market, etc. These factors are used for development and improvement in business process.
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Continue... Public sector:Organisations under this segment are controlled and organised by government. They are majorly focused on providing basic commodities to people for earning their livelihood in a proper manner. It includes companies like military, public banks and education departments etc.
Continue... Private sector:This sector is generally filled with many policies and strategies which are formulated by private owners. These organisations are played an important role in enhancing economy of a country. These are generally focused on earning more profitability and servesproductsorservicesasperrequirementof customers.
Continue... Voluntary sector:This segment is also referred as third sector or civil society and they operate without motive of profit making. Voluntary sector invest back money which is earned through various practices to improve statueofsociety.Thoughgovernmentsupportis integrated at all levels to deliver successful service to community still, private sector is different from public sector.
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Size and scope of different types of organisation In UK, there are various companies are working in different- different sectors so all have distinct business structure as well. In addition to this, they are working on various purpose also depending on own size and scope. In this era, scope of business can be defined as different functions while size of company precise regarding area.
Continue... Public sector:These type of organisations are controlled by government of country and act as manipulative body at times of decision-making. Size and scope of NatWest:Talking about size, it is one of the largest commercial sector in UK, it is known for its financial services to more than 7.5 million customers.
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Continue... Privatesector:Thissectorisownedbyshareholderor individual to serve the purpose of profit making, revenue generation and gaining market share. Size and scope of Greenwoods:Being one of the largest clothing chain in England size of Greenwoods is quite wide. There are store available in more than 80 locations with revenue generated of amount£29 million (2010) and had about 579 employees.
Continue... Voluntary sector:This sector is maintained by voluntary bodies and generally associated with welfare of people. They operate by raising funds and charities and use them for improving status of society. SizeandscopeofTheNationalTrust:Thisparticular organisation work for preserving culture and heritage of UK. Size of National Trust is about 247,000 hectare of land and approximately 5.10 million of visitors can access it in one batch.
Conclusion From this unit, it has concluded that business environment constitutes various factors which influence operations of a company. It helps in identifying strengths as internal elements and weaknesses as external ones in order to achieve goals and objectives of a company. This report alsoevaluatedhowbusiness ofdifferent sectorslike public, private and voluntary differs.
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References Al-Saleh, Y. and Mahroum, S., 2015. A critical review of theinterplaybetweenpolicyinstrumentsandbusiness models: greening the built environment a case in point. Journal of Cleaner Production. 109, pp.260-270. Bagautdinova,N.G.,andet.al.,2014.Methodsof regulation of processes of innovation business development. Mediterranean Journal of Social Sciences. 5(12). p.75.