Business Environment in Marks & Spencer
Added on 2021-02-19
14 Pages4322 Words53 Views
Business And BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Several types of organisation and their purpose and legal structure......................................1P2 Size and scope of different types of company.......................................................................3TASK 2............................................................................................................................................5P3 The relationship between different organisational functions and how they link toorganisational objectives and structure.......................................................................................5TASK 3............................................................................................................................................6P4: Positive and negative impact of macro environment factor on the operations of business..6TASK 4............................................................................................................................................8P5: Identify internal and external analysis in order to identify internal strength and weakness.8P6 Explain how strengths and weaknesses interrelate with external macro factors...................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness Environment is defined as a collection of all individuals, entities and otherfactors, that may or may not be under the control of the organization. These factors are affectingperformance, success & growth, profitability and even survival (Turner and Endres, 2017) .Every type of business conduct different types of environment that can not exist in separation.Such an environment affects business and also influenced by their activities. The purpose of thereport to the analysis environment for different types of companies and how to affect theirfactors. To better understand the concept of the report selected organization, Marks & Spencer. Itis a major British multinational retail company that is dealing with high-quality clothing, foodproducts and home products. This company has been listed in the London stock exchange. Thereport consists of different types of organisation and defines their size and scope. There aredefining interrelation between several functions in the reference of an organisation. Apart fromthe report, conducting PESTLE and SWOT analysis to understand environmental effects on thebasis of internal and external basis and define interrelationship with external macro factors.TASK 1P1 Several types of organisation and their purpose and legal structureAn organization is defined as a social unit that is organized and managed to meet a needor to engage with collective goals. Every business set their own management structure which isconduct business activities and analysis the relation n between various activities and themembers. Organizations are an open system that is affected and influenced by their environment.There are described various types of organisation such as public, private and voluntary. Theyhave different legal structures and purpose to conduct business activities.Public Organization – A public organization is a government-run organization that isfully controlled by government and paid public taxation. It takes care of various matters thatinform the public to the government like vote, protest and debate. These types of organisationwork for public and conduct activities in a legal framework. There are selected BBC (BritishBroadcasting Corporation) which was founded on 18 October 1922 by John Reith. It is providingonline services through Television, Radio and online.Legal Structure1
A legal structure of public organisation based on the legal entity where includes contractand agreement to conduct business activities in effective manner. The public organisation hasbeen followed various types of legal structure like central government, state government andlocal government who permit license for run business at market place. The public companyBritish Broadcasting is adopting the legal structure of central government to conduct businessactivities effectively. The government of central provide approval to provide services to publicthrough television and radio (Hachicha and et.al, 2016) . Purpose The purpose of he BBC company to supply authentic and reliable news to public aboutthe world. Furthermore, it wants to get support from public regarding to their services fromdifferent age type of people. Private Organisation – The private sector is portion of a country's economic systemwhich is control by individuals and companies instead of government. Most of privateorganization survive by individuals to generate profit. In the economy this segment does not relyon money from the government and funds from charities. As a private organisation there aretaking Marks & Spencer, which is UK based company and conduct activities in retailing sector.The company specialise into home products, food products and high quality clothing. The mainobjective of private organisation to increase productivity as well as profitability. Legal Structure The legal structure of the private organisation categorised into sole traders, cooperatives,partnership and private limited. Marks & Spencer is part of private organisation which is adoptedthe structure of private limited. They are financing from separate form the personal finances oftheir members. Purpose The main purpose of the Marks & Spencer to fulfil the demand of customer and satisfywith the help of different types of products and services. Voluntary Company – This type of organisation has been used for interchangeable withthe help of voluntary associations or action groups or agencies. It is defined as independent,flexible, democratic, secular and non profit organization. It is mainly working for welfare of thesociety. There are selected Oxfam as Voluntary organisation which is founded in 1942 byvarious trusties for the purpose of work for social welfare. 2
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