Business Environment- IKEA

Added on - 21 Oct 2020

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Business & Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1. Different types and purpose of business organisations.........................................................3P2. Size and scope of business organisations..............................................................................4TASK 2............................................................................................................................................6P3. Relationship between various organisational functions with structure and objectives.........6TASK 3............................................................................................................................................7Covered in PPT...........................................................................................................................7TASK 4............................................................................................................................................7Covered in PPT...........................................................................................................................7
INTRODUCTIONBusiness environment majorly contains two factors i.e. external and internal elementsthat can effect working of business organisations. Therefore, it is required for company'smanager to see all the elements and then take initiatives so that business can get run in a properway. The factors mostly consists with many strengths and weaknesses (Chetwood and et. al.,2014). IKEA which is a multinational brand has been chosen for conducting this report. Alongwith this, assignment will consider different types of organisations that carries various scopes.On the other hand, it will also show some pros and cons of PESTLE analysis of company andtheir impact while running business.TASK 1P1. Different types and purpose of business organisationsIn modern era, it has been located that companies all over world contains different sizesand scopes. Therefore, governmental bodies have distributed these in three major parts which arebeing discussed beneath:Public sector organisations– In this era, pubic sector firms can be known as anycommercialized industry which majorly owned by federal authorities that mostly works in orderto improvise working of a country (economical conditions) and also does work for societalwelfare.For example– Department for education (DFE) which isupholdedand maintained bygovernment of United Kingdom and was formed in the year of 2010 (Crane and Matten, 2016).This governmental body is majorly amenable for child protection, education and many more. Onthe other hand, they have also made some policies as well in order to serve to women andhandicapped in a befitting way.Legal structure:Departmental management –Majorly, these firms are associated and stay connected todelivering appropriate services to citizens of UK. Financial department does comes under these.Public corporation –It has been analysed that mostly companies in this sector deals indifferent sections and contains a whole different legal entity so that various purposes can getachieved right on time.
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