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Business Environment - River Island Assignment

   

Added on  2021-01-03

19 Pages4293 Words405 Views
Business Environment

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From: Management Accounting OfficerTo,General Manager, River IslandSubject: Explanation of different types of organisations and the growth of the international business environment.INTRODUCTIONBusiness environment comprises of intrinsic as well as extrinsic factors which can affectbusiness operations of firm both in adverse and positive way so it is important to manage suchfactors through settling suitable plans and policies on the basis of market influences. For this, anassociation must attained skilled management and workforce in order to deal with suchinfluencing factors in more effective way. Internal factors incorporate employee morale, culture,technological advancement and so on though external factors incorporates political conditions,economical situations, legitimate laws and so on. The present assignment report is based onRiver Island; a UK based privately owned business which is engaged in giving quality clothingproducts over around the world. The project includes different kinds of organisations along withtheir purposes, size and scope. Role of different departments towards achievement oforganisational goals, SWOT and PESTLE analysis along with their positive and negative impacton company are also explained under this report.TASK 1P1:There are different kinds of organisations operating in market condition with an aim of satisfying the necessities and prerequisites of clients in such an appropriate way that will help in boosting their satisfaction level. Number of association incorporates private, public and voluntary. Such kind of association is preformed at their own way to accomplish shared objective i.e. satisfying necessities of customers. However, to maintain their sustainability in 1

market world, they have to pursue all rules and regulations defined by governmental authorities of such nation in which the business works (Bovee, Thill and Raina, 2016)Types of organisation along with their legal structureIllustration 1: Forms of business organisationSource: Forms of business organisation. 2018Private companyAn organisation which are owned privately and controlled by at least two people isknown as privately owned business. The government makes no impedances in the business tasksof organization therefore can be operated its business more effectively. As there are heaps oflimitations as well executed by government on privately owned business. For instance, privatelyowned business is not permitted such company to allot share directly to the public.River Island is a privately owned business which is engaged in manufacturing andselling wide variety of clothing products at an effective places all over the world. It has workedin excess of 70 stores in UK itself and has produced £925.8m in 2014. River Island in Peru hasadditionally chosen to extend its business through opening two stores in Jockey Plaza andMiraflaroes Lima (Cavalcante, Kesting and Ulhøi,2011)Purpose of River Island: 2

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