Business Environment on Kentucky Fried Chicken

   

Added on  2020-10-23

17 Pages4099 Words491 Views
Business and the businessenvironment
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INTRODUCTIONBusiness environment includes external and internal factors that may affects businessactivities. Some factors of the business are uncontrollable such as political, economic, social,technological and legal. Some factors are partly controllable such as supplier, employees andcustomers etc. but they both affects all-over performance of the organisation. Present study isbased on Kentucky fried chicken (KFC) which offers wide range of fast foods to the customers.It deals in list of products but its main product is fried chicken. It is located in more than 22,621locations globally. Report will include different type and purpose of organisation. It will describethe size and scope of different types of organisation. Report will provide deeper insight aboutstrength and weaknesses of an organization through SWOT analysis. Further, report alsohighlights the extent to micro and macro factors are interrelated.LO 1P1 Explain different type and purposes of organisationsPublic company:-It is operated by government andprovides different services to general public.The company sells their securities to generalpublic by initial public offer. The share ofpublic company are traded in stock exchange.The subsidiary of public company is also calledas public company. The public company aregoverned by some laws, rules and regulationsand are bounded to follow them.The purpose of the public company is tooffer high quality product and services togeneral public at affordable price and enhancetheir shareholder value by maximize profit. Theobjectives of public company are integratedwith social and environment goals.TESCO is a public company. Purpose of thiscompany is to provide their services andproducts in the international market. TESCOcompany is expanded its market at global levelby providing product at low pricing to thepeople in the global market (Kolk, 2016).Private company:-Private company is governed by theindividual or group of people. There is nogovernment interference in this organisation.There article of association is restricted to thetransfer of share in any other individual andgeneral public. Its main objective is to earnprofit. It is directly registered in companies act.It have separate legal entity. They also trades instock exchange but not by initial public offering.The purpose of private company is tomaximise profit for owners and shareholder and1
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expand their business operations at global level(Laudon and Traver 2016). KFC is an American fast food restaurantchain. The purpose of KFC is made thecompany the largest fast food operation in theworld wide and increased the quality of fastfood and capture the whole fast food market(Bohari, Hin, and Fuad, 2017).Voluntary company:-It implies for the non-profitorganizations which take initiatives for thewelfare of others or society. The purpose of voluntary organisation isto focus social impact not on profit. It alsoimproves well-being of people and offer themsatisfactory health services.OXFAM refer as the charitable trustorganisation which operated with the aim toreduce poverty from their country. It mainlyfocuses on four main resources: essentialservices, economic justice,, right in crisis andgender justice (Hamilton and Webster, 2018).Legal structure of the organisationslegal structure of public company:-The activities of public company is runby its board of director on the behalf of itsshareholder. It sells its share to general publicby stock exchange. The board of director andmanagement can left and transfer theirownership and powers. It publishes its annualreport so banker and investor can identify theorganisations positions.Legal structure of private company:- Private organisation have separate legalentity. All shareholder have limited liability forthe debts and profit of the company. It is run byits board of directors, shareholders andchairman etc. the company must be formed thearticle of association and memorandum ofassociation.Legal structure of voluntary company:-In voluntary company, the decision istaken by the volunteers of the company. It is anunincorporated association. It has limitedliability membership. The guarantee of theorganisation is limited (Becker, Kunze andVancea, 2017). P2 The size and scope of a range of differenttypes of organisationBases Publicorganisation(TESCO)Privateorganisation(KFC)Voluntaryorganisation(OXFAM)Background TESCO isa Britishmultinational retailerindustry,KFC is anAmericanfast foodchain. It isalsoOXFAMis acharitableorganisation that2
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