Understanding the Business Environment
Added on 2020-06-04
9 Pages2765 Words50 Views
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BusinessEnvironment
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1 ...........................................................................................................................................1P1 Different types and purpose of the organisation ..............................................................1P2 Difference Size and scope of the organisation.................................................................3P3 Relations in between business functions and its structure ..............................................3TASK 2 ...........................................................................................................................................5CONCLUSION ...............................................................................................................................5REFERENCES ...............................................................................................................................6
INTRODUCTIONBusiness environment is highly dynamic in nature. It influences by the different typesof factors. According to the size, scope and nature of the business its create impact on externaland internal environment of the company. In the cooperative environment, there are many typesof business firms and each one has different purpose (Baron, 2012). The present report makesdifference in type and function of the organisation along with their size and scope. In the currentstudy British Airways is selected for making analysis on the macro environment. With the helpof selected administration various factors are being considered such as different types ofcompanies along with their purpose. Such as public, private and voluntary. On the basis of thattheir size and scope is also evaluated by considering elements like shares, growth, HR functionsand so on. At the end positive and negative impact of various business organisations areconsidered. It helps the company in understanding their loopholes. On the basis of that they areable to implement necessary changes to attract maximum number of customers. TASK 1 P1 Different types and purpose of the organisation In the business environment, each type of organisation has its own purpose. It refers tothe administration goal, activities and tasks which are performed by industry in order tomaking effective business operations. Following are the business purpose of company.Public companyIt refers to that organisation in which all the business operations are run and conducted bythe members of the company (Craig and Campbell, 2012). Such type of firms are controlled orfunded by the public or the members of the company. All the services and goods under thissector are offers. at the International level For example, British Airways is private companywhich mainly conduct its business operations for earning profits.Private companyPrivate company is that, in which are operations are run by the private ownership. Thecompany can issues its share but they are unable to traded in the stock market. Its aim is to earnprofits. Generally such type of business run by the family members. Government organisationA company in which majority of shares held by state. In which power of authority isremained with government. In such types of establishment rules and regulation are exercises1
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