Report On Thomas Cook & Lloyd Group - Business Environment

Added on -2020-02-05

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Business and Business Environment
Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Explain different types and the purpose of the organisations..........................................3
P2 Explain the size and scope of different type of organisation............................................4
M1................................................................................................................................................5
D1................................................................................................................................................5
P3 Relationship between organisational functions and their link with the company
objectives....................................................................................................................................6
M2................................................................................................................................................7
P4 Identification of the impact of the macro environment upon business operations........7
M3................................................................................................................................................9
D2................................................................................................................................................9
P5 Internal strength and Weakness of the organisation........................................................9
M4..............................................................................................................................................10
P6 How strength and weakness interrelate with macro factors..........................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12
2
INTRODUCTION
The business environment can be defined as the internal and the external factors affecting the
functioning of any organization. There are two types of business surrounding namely the
External micro forces and the External macro forces (Bryman and Bell, 2015). The external
micro environment involves the workers, input of the suppliers, the competitors, customers, the
marketing intermediaries, etc. On the other hand, the external macro environment possess the
factors like social, technological, political that influence the operation of the corporation
positively as well as negatively. The business environment is considered to be the best when the
organisation completely fulfils the need of the population of the nation. The present report is
based on the two different organisation namely Thomas Cook and Lloyds group that deals with
the private sector as well as the public sector respectively. The report is explaining the
company’s their legal status, the year of the establishment as well as the service offered by them.
TASK 1
P1 Explain different types and the purpose of the organisations
There are three types of organisation namely the private sector, the public sector and the
Voluntary sector. The private sector firms are those that are not owned by the government body.
The goods and the services are provided by the individual i.e. the company owner. The Thomas
cook can be the best example of the private based organisation. While the public-sector firms are
totally owned by the government itself and the supplying of the goods and services are only done
by the authorized bodies (Welford, 2013). The Lloyds group fall into the categories of public
sector. The legal structures are nothing but the legal definition of any business.
The Thomas Cook Retail Limited is firm dealing with travel and tourism sector which is owned
by the Thomas cook group. It was founded on June 19th 2007 by the merger of Thomas Cook
AG and their sons as well as by the MyTravel Group Plc. The corporation having their branches
in the United Kingdom and Republic of Thomas cook. After taking a survey it has been
identified that the organisation has around 19,000 employees. The aim of this organisation is to
increase the sector of travel and tourism by offering the holidays vacations. The corporation
offered cheap holidays, villa holiday, a luxurious holiday with cheap flights and hotels to their
clients. This venture has been a main sponsor of the Manchester City and Peterborough United
football clubs.
3
The Lloyds group is an organisation that deals in banking sector founded by the John Taylor,
Sampson Lloyd and their sons. It is founded in June 1765 in the Birmingham. They made
successfully their 100 years with a single office by the help of their successive partners. They
become the powerhouse of the organisational revolution and also gain popularity as the
Workshop of the world. This organisation has also led a vital role in performing financing trade
as well as corporation in the town. The main job of this bank is actively participated in the
manufacturing as well as engineering sector. The legal structures of the Lloyds group is
discussed below:
The Council normally has eighteen different members of the board that is six working,
six nominated and other the six are external members. They are being changed during the year
of finance. Lloyd’s members choose or elect the working and external members for the
corporation. Additionally, the chair person and the Deputy Chairmen is chosen by the council
that are the members itself annually. It is the council who can take direct decision by resolve the
issues as per the laws and rules of the enterprise. The Franchise board and the committees
associated with it take other decisions.
The voluntary sector is also called the community sector or non-profit sector. The aim of this
type of organisation is to focus on the social work (Wheelen and Hunger, 2011). They do not
concentrate to make the profit. In contrast to private and public sector they deal with the social
or community based concerns without focussing on its economical development.
P2 Explain the size and scope of different type of organisation
The different taken organisations differ in the size as well as the scope. The size of the Thomas
Cook firm is discussed below:
The number of employees working in this firm reflected the fluctuating points. The
survey conducted in the July of 2016 shows that the corporation had 21,940 employees
while in past years it was approx. 19,000.
The turnover of the corporation is very attractive and shows fluctuating in year of 2014
having 8,588m Euro and in 2016 it was 7,812m Euro.
This shows a decline of the turnover which is a matter of concern.
The company perform operation in main five divisions that is UK, Central Europe,
Germany, West Europe and the Northern Europe.
4

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