Business Environment Report - Mark and Spencer
9 Pages2836 Words29 Views
Added on 2020-06-04
Business Environment Report - Mark and Spencer
Added on 2020-06-04
ShareRelated Documents
BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Types of businesses, purpose and their ownership ..............................................................1P2 How stakeholders impact upon the purpose of business.......................................................2TASK 2............................................................................................................................................2P3 Describe how two businesses are organised..........................................................................2P4 How their organisational styles helps them to fulfil their purposes.......................................3TASK 3............................................................................................................................................4P5 Describe the influence of two contrasting economic environments .....................................4P6 Impact of polictial legal and social factors on business activities.........................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONThe business environment consist of the surrounding factors that either help of hinder thedevelopment of business. It needs living person, natural resources and places and things to exist.The sum of all these factors and forces is called the business environment (Klapper, Lewin andDelgado, 2011). Mark & Spencer is the chosen organisation in this present assignment, which isbasically deals in clothing, food and home products. In this present report, there will be adiscussion on types of business and their ownership. Along with this, the assignment alsoconsists that there are various types of stakeholders that put a huge impact on organisations.Economic environment of business enterprises are also discussed in this report. TASK 1P1 Types of businesses, purpose and their ownership The two businesses that are selected, such as- Marks and Spencer (M&S) and theNational Health Service (NHS). Marks and Spencer- M&S is an international company and is part of the tertiary sector.An international business is a business that operates and sells products/services around the world,M&S trades in Europe, the Middle East and Asia. M&S is a public limited company, the publicpart of it means that shares can be brought by the public and the limited company part means thatit has limited liability. Having limited liability has many advantages as it protects a shareholderfrom being responsible for more than their share of the company so they wouldn’t beaccountable for the liabilities resulting from the bankruptcy. Being part of the tertiary sectormeans that M&S provides services in the form of selling groceries, clothing and home products.The purpose of M&S is to supply products; M&S also offers services but that isn’t their primaryway of doing business. When M&S was founded the main goal was to only sell British madegoods that were of a high quality, this started to change in the 1990s but they continue to aim tooffer high quality food at a fair price.National Health Service (NHS) - The NHS is a national not-for-profit organisation andis part of the tertiary sector. The NHS is a public company meaning that it is owned by thegovernment, it was set up in 1948 by the labour government. The NHS is a not-for-profitbusiness it is run mainly using money from taxation. It purpose is to provide high quality care forall (Chow and et. al., 2011). The NHS employs doctors, nurses and other healthcareprofessionals so even though it is a not-for-profit organisation it is not comprised out ofI
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Report on Types of Business and Its Ownershiplg...
|9
|2995
|26
Business Ethics INTRODUCTIONlg...
|11
|2817
|328
Business Environment Assignment of M&S Ltdlg...
|11
|2753
|25
Research Project on Business Environmentlg...
|11
|2834
|73
Influence of economic environment on business activitieslg...
|13
|4076
|449
Business Environment Influence on Business Activities and Stakeholderslg...
|9
|3037
|114