BUSINESS ENVIRONMENT TASK 1.

BUSINESS ENVIRONMENT
TASK 1

INTRODUCTION
• A business is defined as a company, enterprise or an organisation that
performs certain activities in order to deliver its products and services
to target customers within define market.
• The functions are carried out by business in order to meet its desired
goals and objectives.

Types and purposes of organisations.
Types of organisations:-
•Public sector
•Private sector -
Sole trading concern
Partnership firm
Public company
•Voluntary sector

Private enterprise
• Virgin Group LTD:- It is a private business firm which was incorporated
in the year 1970 in United Kingdom.
• The main objective of this firm is to earn huge amount of revenues form
products and services offered. This organisation is funded by its
members.

Public enterprise
• Tesco PLC is a public organisation which is being incorporated within the
economy of United Kingdom.
• It was initially incorporated as a sole trading concern and in the current
scenario, it is functioning as a public enterprise.

Non-Profit Organization
• National Health Service is a not for profit organisation that
functions with the main objective of providing effective services to
people at free of cost with in the economy of United Kingdom.
• It is significantly funded by the government for its operations.

Size and Scope of Private company
• This is quite small as compare to public company.
• The size and scope of such enterprise also quite
large.
• They operate their business in a wider geographical
area.

Size and scope of Public company
Tesco Plc
Products and services:- Grocery products and financial services.
Vision:- To be most valued business.
Mission:- To create value for its target customers.
Objectives:- To provide superior quality goods.
Stakeholders:- Employees, customers, shareholders and
suppliers.

Size and scope of Non-profit firm
National Health Services (NHS)
Services:- Hospital and ambulance services.
Vision:- To work together for patients.
Mission:- To provide significant quality health services to their patients.
Objectives:- To provide services without charging any amount.
Structure:- NHS care trust and NHS mental health trust.

SME Category in UK

REFERENCES
Al-Debei, M.M and Avison, D., 2010. Developing a unified framework of the business
model concept. European Journal of Information Systems. 19(3). pp.359-376.
Becker, K., 2017. Editorial. Journal of Transnational Management. 22(1). pp.1-3.
Boons, F and et.al., 2013. Sustainable innovation, business models and economic
performance: an overview. Journal of Cleaner Production. 45. pp.1-8.
Brinckmann, J., Grichnik, D and Kapsa, D., 2010. Should entrepreneurs plan or just
storm the castle? A meta-analysis on contextual factors impacting the business
planning–performance relationship in small firms. Journal of Business Venturing.
25(1). pp.24-40.