Business Environment: Types of Business, Legal Structures, Competition Policy, Government Policies, Globalisation and Impact on Business and Economy

Business Environment

Contents
INTRODUCTION...........................................................................................................................3
PART 1 ...........................................................................................................................................3
PART 2............................................................................................................................................3
Types of business ............................................................................................................................3
Legal structures ...........................................................................................................................4
Comparison between public and private ownership ...................................................................5
Assessment of UK competition policy as compare to EU..........................................................5
Competition and market authority and its impact on the customers ...........................................6
Understanding of the objectives of government policies to regulate economy and its impact ..6
An understanding of globalisation and its impact on business, competition and the economy ..7
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Business environment refers to the sum of all micro and macro factors of an organisation
which directly affect its operation. It helps the company in determining their useful resources,
business opportunities, assists in planning as well as improves overall quality, performance, ,
profitability and growth of the company. To define the business environment the selected
company is Sports Direct, it was founded in 1982 by Mike Ashley. It deals in sports product like
sports equipment, cosmetics, electronics, textile and footwear.
The report covers legal structure, comparison between private and public ownership as
well as UK's competitive policies in comparison to EU. Further, it covers market government
policies and its impact as well as globalisation and its impact on economy.
PART 1
Covers in PPT
PART 2
Types of business
A business operates it activities in a specific type of organisation like private, public and
voluntary organisation to achieve the goal for which they established.
Public sector organisation
The public organisation is established controlled by government to provide product or
services for the betterment of people in a nation. For example; NHS, it was established in 1948
by British government at UK.
Motive- The main motive of NHS is to provide healthcare services to improve the
physical and mental conditions of people.
Private sector organisation
The private organisation is owned and operated by the person as well as group of persons
to earn maximum profit or customer base. For example; Sports Direct.
Motive- The main motive of Sports Direct is to increase their sales and profit by selling sports
product.
Voluntary organisation
Voluntary organisation is non profit business which is run by the people of a society to
provides services to the needy people. For example, Samaritans, it was founded in 1953 at UK.