Introduction to the Business Environment
Added on 2021-02-21
6 Pages1288 Words194 Views
Political Science
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BusinessEnvironment
Table of ContentsIntroduction..........................................................................................................................................3Main Body............................................................................................................................................41 Explore the organisational types and purposes of businesses from a range of sectors.................45 Demonstrate an understanding of the requirements of a variety of stakeholders to a chosen organisation......................................................................................................................................5Conclusion............................................................................................................................................5References............................................................................................................................................6
INTRODUCTIONAn organisation has forces and factors which affect a business to build and keep goodrelationships with the customers is known as business environment. Business environment has threestages which are internal environment and external environment. The internal environment includesthe decision making, finances, management, purchasing, etc. The environment is limited to theboundries of the organisation, everything happening within the organisation is the internalenvironment. (Saleem, 2015.) The external factors which are partners, competitors, customers, etc are the external environment factors of the organisation which are outside the boundry line of the company. It could also include the demographic, politics, culture, etc in this factor. The business enviroment (Akhtar, and Sushil, 2018) is divided into two for the easier and longer run of the industry and all the aspects for the organisation are very important which have to be given attention to. Different departments for each purpose is required so that there are lesser conflicts in the business.The two companies which are being which is being picked are British Petroleum which is a Public limited company and John lewis partnership which is a private limited company. Both the companies are UK based and very establishedin there own fields.MAIN BODY1 Explore the organisational types and purposes of businesses from a range of sectors.British pertroleum serves oil and gas to its customers and due to its performance in 2012 it isthe 6th largest company. Being a public limited company the organisation has to let out the fullinformation and each step taken about the company to all the shareholders and its the publiccompany's responsibility to maximise the profit for the shareholders. Though the world is shifting from using petroleum and gases whihc are limited resourcesand are moving towards natural resources like wind energy, solar energy, etc. BP is trying to controlover its Carbon outlet from its product keeping the future and environment in mind. The company iswell prepared for the changes which would come up in the future where using resources which arelimited banned and BP is well organised to get in the change well. (Hair, et.al., 2015)The company is trying to make its product safer because of the hazardous explosionsbecause of the companies mistake which affected the company and the environment. The company
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