Business Environment: 4G internet and Telecommunicatio
Added on 2021-02-18
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BUSINESS ENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................11. Different types of organisations and their growth in international market........................12. Difference between public, private, voluntary firm...........................................................23. Interrelationship between various functions of organisation..............................................54. Positive and negative impact of macro factors by using PESTLE analysis.......................65. Internal and external analysis of business..........................................................................76. Interrelationship between strength, weakness and macros factors.....................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness environment is consists of micro and macro factors that impact on overalloperations of business unit to great extent (Mutuku, 2014). Internal components are in control oforganisation and enterprise can make changes in its internal market position by taking effectivedecision but it is very difficult to control over external macro elements. Present study is based onVodafone that have many branches across the world. It provides 4G internet andtelecommunication services globally. Current assignment will give explanation of variousorganisations such as public, private, voluntary etc. Furthermore, it will conduct internal andexternal analysis of Vodafone. In addition, interrelationship between internal and externalfactors will be described in this report.TASK1. Different types of organisations and their growth in international marketThere are various firms that operates their business differently. Purpose and growth ofthese firms are far differed from each others:Public organisationsPublic enterprises are institutes that are governed by government. The main objective ofthese firms is to render services to people. Generating profit is secondary purpose of publicenterprises (Ross, 2016). These public entities operate at different level: international, national,regional and local. Government has more than 50% shares in these public firms. Board ofdirectors are not responsible for any kind of liability in business. For example: Associated BritishFoods Plc is working as public firm in UK. It is operating in food processing industry andprovide high quality food to the consumers. The company is listed under London StockExchange. In the year, 2017 entity has generated 15357 million revenues. Its operating incomeis1336 million and net income is 1211 million for the same fiscal year. Being a public limitedorganisation its 54.5% shares are owned by Wittington Investment. Private organisationPrivate companies are such firms that are not governed by government. Partnership, soletraders etc. are part of private organisations (Bryman and Bell, 2015). Private entities are themajor contributors to economic of nation. The main objective of these entities is to generate hugeprofit and expand operations in other locations. Shares of these entities are not traded into stockexchange. Vodafone Group Plc is working as private company, it is mobile communication1
providers that has branches in more than 150 locations. It has approx 444 million consumersacross the world (Teece, 2018). Recently enterprise has started providing 4G services that helpedthe organisation in raising its profit to great extent. The main agenda of Vodafone is to enhanceits profitability and productivity. It continuously works for increasing number of customersacross the world. It wants to become leading brand in telecommunication industry. Voluntary organisationIt is another kind of organisation that is form with group of people those who enter in anagreement and ready to work as volunteers. Such kinds of firms may be incorporated orunincorporated (Hickman and Silva, 2018). The main purpose of such kind of enterprises is toprovide high quality services to population and contribute well in raising their standard of living.Red cross is working as voluntary organisation in UK. Its main purpose is to protect life ofhuman being and improve their health conditions. It continuously organises camps so thatpopulation can be prevented from suffering from critical illness. Red Cross has approx 17millionvolunteers those who are providing their services across the world. Red Cross has provided reliefassistance to people in their emergencies. It also contributes well to make local health careprojects successful (Forsgren, Holm and Johanson, 2015). 2. Difference between public, private, voluntary firmCriteria Public (AssociatedBritish Foods Plc)Private (Vodafone)Voluntary (Red Cross)BackgroundIt is the biggest publicfirm that operates itsbusiness in retailsector. It operates infive differentsegments: sugar,agriculture, retail,grocery, ingredients.It always producessuch goods that cancreate value forstakeholders. EntityVodafoneismultinationaltelecommunicationfirm, recently it hasbranches in 150countries. In the year1991, Racal Telecomhas been demergedwith Racal electronicsand has formedVodafone group(Jensen, 2017).Red cross is thevoluntary firm thatworks in health andsocial care sector. Itwas founded in 1863in Geneva. It isawarded with Nobelpeace prize three timesin 1917, 1944, 1963.2
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