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Business Environment of Sainsbury's - Assignment

   

Added on  2020-10-22

15 Pages3635 Words362 Views
BUSINESS AND BUSINESSENVIRONMENT

INTRODUCTIONBusiness Environment includes the surroundings in which several factors are exist thatinfluence functioning and operations of company. It consist of individual, entities and otherelements that may be controllable or uncontrollable by firm. The factors exist in businesssurroundings includes supply and demand, customers, management, manpower and businessregulations. Managers of organisation needs to consider those forces so that effective policiesand strategies can be formed (Añón Higón and Driffield, 2011). It helps them in meetingbusiness challenges successfully & render directions for growth. This assignment is based onSainsbury's which is largest supermarket chain of United Kingdom. The report covers differenttypes and purposes of firm as well as their scope, size and legal structure. Interrelation of distinctfunctions and their link with objectives and positive & negative impact of external environmentis discussed. In addition to this, strengths and weaknesses of firm is determined by conductionSWOT analysis and their link with macro factors are defined in this project. TASK 1P1: Different types & purposes of organisations and their legal structuresIn competitive market place, different types of organisations are exist such as private,public and voluntary. All these firms have their distinct purpose and legal structure. Thesestructure should be followed by every business firm and they also require to act according tothat. Each firm run for different purpose, some are operate for the purpose of earning profit whilesome are for providing welfare to society. Public: Organisations run under this sector are owned by government of respective nation. Thereare completely managed and controlled by legal authority. The main purpose behind runningpublic organisations is yield profits as well as work for welfare of society also. These businessesare funded by government that is gathered through taxes and fees which is paid by citizens ofcountry (Bar-Isaac and Shapiro, 2013). National Health Service is works under publicorganisation. Company overview: NHS is an health care organisation of England which is funded publicly. It administershealthcare services to English residents of country and they provides some of these free of cost.1

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