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(PDF) Business Environment Assignment : Mark and Spence

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Added on  2021-01-02

(PDF) Business Environment Assignment : Mark and Spence

   Added on 2021-01-02

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INTRODUCTIONBusiness environment refers to all external and internal components of an environmentthat affects organisational activities (Avramenko, 2012). It include management, employees,customers, demand and supply etc. This report is based on Mark and Spencer which is type ofpublic limited company and deals in retail industry. It was founded in 1884 in UK. Main purposeof conducting this report is to analyse different types of organisations with their purpose, legalstructure, size and scope. Apart from this, interaction of different departments in a firm, positiveand negative impact of PESTLE analysis and SWOT analysis of a company is discuss. At last,strength and weakness of a company in respect of external factors is discuss.TASK1P1.Business environment is a total of all individuals and institutions that control businessactivity (Business Environment, 2017). There are mainly three types of organisations: public,private and voluntary. Description of these are as follows:-Public OrganisationPublic organisation refers to all those companies which are under controlled bygovernment. Public firms raises money from national revenue. For instance: National AuditOffice. It was formed in 1983 in UK. It is an audit department of parliament office ofgovernment of UK.PurposePrimary objective of public firm is to serve the public of a nation. They distributefinancial gain and wealth for improving the structure of society. National Audit Office want tobuild a strong socio economical infrastructure.Legal structureLocal Government- It is an administrative structure of a small geographical area such astown, city etc. Local government have only control over a specific region (Bovee, Thill andRaina, 2016).State government- It is a part of government that makes laws for state. State governmentis liable for esteem the problems and local needs of a specific state.1
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Central Government- It is a governmental authority that regulate whole country. All thepowers regarding to assign authorities have central government. It maintain domestic securityand global negotiation.National Audit Office is comes under central government.Private organisationA part of country's economy which is run by an individual or partners is known as privateorganisation. Mark and Spencer is a private company located in UK which deals in clothing andfood sector.PurposeThe main purpose of M&S is to earn maximum profit. company select an accurateorganisation structure to achieve its objectives (Cavalcante, Kesting and Ulhøi, 2011).Government imposed no restrictions on private firms so they can easily improve their culture andenvironment at work place.Legal structureSole proprietorship- A simple business structure which can operated by a single person isknown as sole proprietorship.Partnership- Partnership refers to an agreement between two or more persons to start abusiness for a common objective. They agrees to share burden of ownership and profit/loss.Limited company- A kind of incorporation that control the amount of liability undertakenby an organisation for investment is known as limited company.Legal structure of M&s is limited company.Voluntary organisationVoluntary organisation is a team of individuals that It is a group of individuals that comein a voluntary agreement to execute an objective (Hair, 2015). Cancer Research UK is voluntaryfirm founded in 2002. located in UK. It conduct research into the prevention, diagnosis andtreatment of disease.PurposeMain purpose of this voluntary organisation is to reduce the number of deaths fromcancer.Legal Structure2
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