Business Environment of H&M : Report
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Added on 2020-06-03
Business Environment of H&M : Report
Added on 2020-06-03
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BUSINESS ENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Different types and purpose of public, private and voluntary organisations.........................3P2 Size and scope of various range of organisations..................................................................5M1 How the structure, size and scope of different organisations link to the business objectives.....................................................................................................................................................7TASK 2............................................................................................................................................7P3 Relationship between different organisational function .......................................................7M2 Advantages and disadvantages of interrelationships between organisational functions .....8D1 Critical analysis of complexities and interrelationships of different types of business........8TASK 3............................................................................................................................................8P4 Positive and negative impact of macro environmental factors............................................8M3 PESTLE model to support a detailed analysis of the macro environment ........................11D2 Critically evaluate the impacts of environmental factors have upon business objectives anddecision-making........................................................................................................................11TASK 4..........................................................................................................................................11P5 Conduct internal and external analysis................................................................................11P6 How strength and weaknesses are interrelated with external factors..................................13M4 SWOT analysis and justify how they influence decision-making for the chosenorganisation...............................................................................................................................14CONCLUSION..............................................................................................................................14REFERENCES .............................................................................................................................15
INTRODUCTIONBusiness environment is combination of two different factors such as internal andexternal that affect decision making process of firm. All those factors are directly affect onoperational and functional activity of organisation in direct or indirect bases. All environmentalfactors are very different to each other and they partially impact on organisational process. Thisterm is basically uses for micro and macro environmental activities. This project report is basedon H&M that is a multinational clothing retailer store. This company was established in the yearof 1947 by Erling Persson. H&M serve their clothing services in approx. 62 countries with 4500stores and around 132,000 employees are working there. This organisation has a large supplychain of branded products and services on globally (Fernando, 2011). This report includesPurpose of different type of organisations such as public, private and voluntary, its scope or sizein target market as well as relationship between different organisational function . At last, thisresearch reflecting Positive and negative impact of macro environmental factors, proper internaland external analysis as well as its strength or weaknesses with some external factors.TASK 1P1 Different types and purpose of public, private and voluntary organisationsIn a economy, different kind of organisation's are establish to provide effective servicesaccording to customer's need and demand. In them, main components are recognise withfinancial, human, marketing and physical drives that helps to provide them effective growth andincome easily. Organisational sectors are divided intro three different parts as Public, private andvoluntary sector which provide several services to customers. Main objectives of thoseorganisations are achieve business objectives through effective growth and profitability as well.Appropriate definition of those sectors are given below as -Public sector – These type of organisation' s are owned by government of a countrywhich have full authority to mange all legal terms of these firm's. Main objective of theseorganisation's are to provide effective services to citizen's (Hamilton and Webster, 2015). Theseare not establish to earn income but these provide regardless services as eduction and healthfacility to people. Public organisation's are funded through taxation that they getting throughtrade and organisational market.
Purpose – Main objective of these kind of organisations are to provide effective servicesto citizen of their country. For example, NHS is a public sector organisation and servetheir effective health services to citizen of each country. These are social health care firmthat needs to done functional activities for health care sector.Legal structure – Public sector organisation's are working under government of a countrysuch as local government and central government. UK authorities are responsible for themanagement of such type of institutional unit to provide appropriate contribution inpayment and other services to make them effective for surviving in market. Legalcomposition of public sector are divided in different parts as, central, state and localgovernment. Private sector – These type of organisation's are held by private firm's, groups or individualsand these are not controlled by any other business entity. Main objective of private sectororganisation's are to earn appropriate growth and income easily as well as build their own imagein market (Klapper, Lewin and Delgado, 2011). This type of organisation's are established toincreasing marketing image and sale easily. These are also include sole trade and proprietor whorun individual business to getting effective profitability easily. These kind of business holders areresponsible for their own business activity for providing appropriate services.Purpose – Main objective of this type of organisation's are to gain effective profit andincomes through their product and services. For example H&M is a private sectororganisation which is leading as a multi nation clothing retailer in world wide. Thisorganisation was established in the year of 1947 by Erling Persson and build their ownmarket structure in its target market. These kind of organisation's are build their ownimage through attractive products and services. Legal structure – Private organisation's are divided in different parts such as Sole traders,partnership and private limited company. In which sole traders and partnership facesunlimited liability for their debts. There are no legal difference between business and itsowners. While private limited organisation's are faces limited liability for organisation'sdebt. These organisations are own by Board of Directors and its CEO (Osterwalder andPigneur, 2010). Volunteer sector - These type of organisation's are owned by different kind of governmentbodies and individuals person with the aim of provide social care services in market. UK has lots
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