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Business and Business Environment INTRODUCTION: Metro Bank

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Added on  2021-02-21

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Business and Business Environment INTRODUCTION Business environment encompasses of the external andinternal environmental factors which consist of customers, competitors, suppliers and employees within the organisation Managers should analyse this ever changing environment so as to formulate strategies and policies in order to sustain effectively in market (Adeoye and Elegunde, 2012). Metro bank is cited as an example of private sector organisation which is described as follows- Purpose- Purpose of metro bank is to provide capital to small business and also helps on other financial matters (And

Business and Business Environment INTRODUCTION: Metro Bank

   Added on 2021-02-21

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INTRODUCTION Business environment encompasses of the external and internal environmental factorswhich consist of customers, competitors, suppliers and employees within the organisation..Managers should analyse this ever changing environment so as to formulate strategies andpolicies in order to sustain effectively in market (Adeoye and Elegunde, 2012). This report isbased on Metro Bank which was founded by Anthony Thomson and Vernon Hill in the year of2010 operating in UK. It has a large size of 60 banks operating in UK. This report will throwhighlights on different types of business organisations, legal structure followed by them as wellas the size and scope of business organisations. It also analyses impact of external and internalfactors with the help of PESTLE and SWOT analysis so that manager can take proper actions tosurvive in this competitive world.TASK 1P1 Different types of business organisation and its purpose.Business organisations are the entity or the enterprises which provides goods and servicesto the customers so as to meet their requirements and demands. Business organisations aredivided into three categories described as-Private Sector organisation- These are the organisations which are owned and operatedby the individuals and the organisations and have no interference of the government. Theseorganisations provides products and services to the customers with the hope of earning profit.Metro bank is cited as an example of private sector organisation which is described as follows-Purpose- Purpose of metro bank is to provide capital to small business and also helps on otherfinancial matters (Andersson, Forsgren and Holm, 2015)Objective- The major objective of metro bank is to provide banking services to thepersonal and the business customers in such way to enhance living standard of theindividuals. Legal Structure-Sole Trader- In this form of businesses organisation entity is owned and operated by asingle individual and is responsible for all the financial matters and risk associated withthe business. 4
Business and Business Environment INTRODUCTION: Metro Bank_4

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