Business Environment Size & Scope Report
14 Pages3927 Words78 Views
Added on 2020-12-31
Business Environment Size & Scope Report
Added on 2020-12-31
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Business and BusinessEnvironment
INTRODUCTION...........................................................................................................................1Part1.................................................................................................................................................11. Presenting different types of organization..............................................................................12. Size and Scope of the organization.........................................................................................2..........................................................................................................................................................4P3. Relationship with different organizational functions............................................................4LO4..................................................................................................................................................6P4. Impact of macro environment has upon business operations...............................................6P5. Conduct internal and external analysis.................................................................................7P6. Strength and weakness interrelates with external macro factors..........................................8CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10
INTRODUCTIONThe business environment is the sum and collection of all factors whether they areinternal or external that directly affect the business in both positive as well as negative way. Inthe same way, the report main aim is to understand business, its functions which are alsoinfluence by business environment. The chosen firm for this report is TESCO which is one of theleading retail supermarket in UK and it provides the best quality of products at low andreasonable rates. The report is divided into two parts such that in section one which is essay where reportwill describe different types of organization such as public, private and voluntary on the basis oftheir purpose, size scope. Further report will describe the interrelationship between differentorganization structure and functions, how their functions are relates to overall organizationmission and objectives. In second part of the report, report will describe how macro environmentfactor impact upon business by using PESTLE analysis and then by applying SWOT, report willdetermine the internal factors. Then report will also describe Porter five force analysis to TESCOand describe how they influence decision. PART 1Presenting different types of organizationOrganization: It is the group of people who have a particular purpose to set up thebusiness and it is combines with different firm such as profit firms, not for profit and voluntaryfirms. These are as mentioned below:Profit : This sector is run by the individual or group whose usually aim is to earn profitand this sector is not controlled by state (Bouckaert, Peters and Verhoest, 2016). This sector isalso known as private sector and in UK, this sector contributed their biggest part in the growth ofthe economy. Therefore, in private sector, activities are basically guided by a motive to earn onlymoney.Objectives/Purpose: Profit sector main purpose is to earn the money and expand theircurrent business.Supply of goods and services: These company supply all kinds of goods and it includesSole proprietor. Designers, Plumbers etc. For example, IKEA which is one of the largest company online furniture selling companyin UK who provide all kind of furniture is an example of Private sector.1
Not for Profit: This is also called public sector and this sector did not set their businessto earn profit but to provide benefit to society. This sector is majorly run by government and thisenterprise even sale the private goods but usually operate on a commercial basis (Mazzucato,2015). Objectives/Purpose: the aim of this sector is to work for the welfare of a society ratherthan earning money for the business expansion. Supply of goods and services: This includes the services such as military, lawenforcement, roads, public bridges etc. Non- Governmental Organization (NGOs): It is also known as Voluntary sector whichare usually funded by donation and run by volunteers. They also focus on issues such as HumanRight, environment and health. Objectives/Purpose: It main purpose is to serve specific social or political purpose ratherthan commercial. Supply of goods and services: Red Cross is an example which provide health and careservices at the time of crisis in UK. Size and Scope of the organization- Micro enterprise:Size: Size of all micro businesses are small and limited in which owner just full fill theirbasic needs or feed their family requirement. Number of employees in micro businesses is 1-9(Bonafede and et.al., 2016).Scope: Scope of Micro organisations are quite vast in terms of covering several newtechnologies, development, expansion. They have many options s to grow their business intonext level. Market share: Market share of micro businesses are very high because of high start-upsthat helps in economic development. Profit share: Profit of micro businesses are limited to other organisations. They earnvery limited amount of profit because they invest limited on the business. They earn limitedprofit through which they can survive (Legg and et.al., 2015). Growth: Growth of micro organisation is limited as compare to large or medium size oforganisations. 2
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