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Business. Environment - Assignment (doc)

Added on - 23 Nov 2020

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BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1P1. Explain various types and purpose of organisations along with their legal structure...........1P2. Explain size and scope of different organisations.................................................................3P3 Explicate the relationship among organisational functions...................................................4P4 Identification of positive and negative impact of macro environment on businessoperations....................................................................................................................................4P5 Conduct internal and external analysis of specific organisation to identify their strengths aswell as weaknesses......................................................................................................................6P6 Explain strengths and weakness of external macro factors...................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONAccumulation of internal as well as external factors which creates influence on the waysorganisation carry out their functions is known as business environment(Anıl and Ficici, 2017).They comprises of customers, supply and demand, employees and business regulations. Thisreport is based on H&M which is a Swedish multinational organisation which is renowned fortheir fashion clothing. This report includes different types of businesses along with their scope,purpose, size and legal structure. Along with this, it includes relation among various departmentsas well as macro factors are analysed.P1. Explain various types and purpose of organisations along with their legal structure.There are various types of organisations according to their functionalities and haveindividual purpose for accomplishment of needs of customers by which they can earn profit.These organisations are described below:Private Organisation:It is the part of economy of country's which is either executed by individuals or inpartnership with an aim to earn more profit. This assist the nation to intensify their GDP bycreation of enhanced job opportunities. With respect to H&M, it is a clothing retail store which isinvolved in creation of fashion clothes.Purpose:H&M is a leading fashion organisation which carry out their activities with apurpose to attain sustainability as well as affirmative alterations by investing in innovative ideas,people as well as communities to enhance living standards.Legal Structure:There (private organisations) legal structure is shown below:Sole Proprietorship:Organisation who operate in this structure are completely managedand controlled by owner who is an individual, it is known as sole proprietor.Partnership:It is formal written agreement among individuals who are operating theirbusiness to earn profit. There can be either general or limited partnership.Company:Organisations who are carrying out their functions carry out their businessactivities with an aim to have more profit and they do not share it with general public by themeans of initial public offer(Botha, Kourie and Snyman, 2014).Public Organisation:1
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