Business Environment Report - M&S Plc and NHS

Added on - 22 Jul 2020

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BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION..........................................................................................................................3TASK 1............................................................................................................................................4P1. Describe the type of business if it is a sole trader, partnership or private limitedorganisation, mention the purpose and ownership of two contrasting businesses. This mustinclude: an accurate and brief highlight on owners liability and debt........................................4P2. Describe the different stakeholders who influence the purpose of two contrastingbusinesses....................................................................................................................................5TASK 2............................................................................................................................................6P.3 Describe how two businesses are organised in terms of their structures and functioningareas.............................................................................................................................................6P.4 Explain how the style of organisation of your chosen businesses helps them to fulfil theirpurposes.......................................................................................................................................7Task 3...............................................................................................................................................8P5. Describe the influence of two contrasting economic environments on business activitieswithin a selected organisation.....................................................................................................8TASK 4............................................................................................................................................8P6. Describe how political, legal and social factors are impacting upon the business activitiesof the selected organisations and their stakeholders...................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONBusiness Environment is thecombination of internal and external factors that influence acompany's operating situation. The business environment can include factors such as : clients andsuppliers; its competition and owners; improvement in technology; laws and governmentactivities; and market, social and economic trends. As a PR officer the role as given to me is tomake descriptions of two contrasting organisations that is Marks and Spencer Plc and NationalHealth Service. Through these two profit and non profit organisation respectively we will begiving detailed information what kind of business environment exists in the market (Wetherlyand Otter, 2014).TASK 1P1. Describe the type of business if it is a sole trader, partnership or private limited organisation,mention the purpose and ownership of two contrasting businesses. This must include: anaccurate and brief highlight on owners liability and debt.Marks and Spencer(M&S)It is an international company and is part of the tertiary sector. An international business is abusiness that operates and sells products around the world, M&S trades in Europe, Middle Eastand Asia. It is a public limited company, the public part of it means that shares can be brought bythe public and the limited company part means that it has limited liability. Having limitedliability has many advantages as it protects a shareholder from being responsible for more thantheir share of the company so they wouldn't be accountable for the liabilities resulting from thebankruptcy. Being part of the tertiary sector means that M&S provides services in the form ofselling groceries, clothing and home products (Fernando, 2011). The purpose of M&S is tosupply products; M&S also offers services but that isn't their primary way of doing business.M&S is driven by profit meaning that they make sure that their sales cover all of their runningcost and more . Running costs include anything that the organisation needs to spend money on inorder fro the company to operate. When M&S was founded the main goal was to only sell Britishmade goods that were of a high quality, that started to change in the 1990s but they continue toaim to offer high quality food at fair price.
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