Business Environment: Types and Scope of Enterprises
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This presentation provides an overview of the types and purpose of enterprises in the business environment, including private, voluntary, and public firms. It also discusses the scope and size of different organizations, using examples such as Nestle, NHS, and Oxfam.
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BUSINESS ENVIRONMENT TASK 1
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Content Introduction Various types and purpose of enterprises Scope and size of different organisations References
Introduction Business environment is known as mixture of various external and internal component that affect the decision and actions takenbyentity.Changeintechnology,clients,suppliers, government, market trends and regulations all come under this.
Various types and purpose of enterprises Different type of enterprises work in business environment but mainly firms are divided into three type such as private, voluntaryandpublic.Everybusinessentityhasitsown objective, legal structure and purpose which make it different from the other one.
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Continued... Public limited company: These are the business firms whose control remain in the hands of government and these are formed under company law of nation.
Continued... Privatelimitedcompany:Companiesthatarecontrolledby private hand or individuals are come under the category of private firm. These firms does not have the opportunity to sales its shares on public stock market. Government of nation imposed so many restrictions on these type of firms.
Continued... Voluntary sector-These type of enterprises carry out various operationsandtakedifferentdecisionforbettermentof individuals living in society. It is also known as non profit firms.
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Scope and size of different organisations Mainly there are three different type of enterprises known as private, public and voluntary. Nestle, NHS and Oxfam are the example of all these type of firms. Scope and size of operation of these entities remain different form each other due to difference in their purpose and objective.
Continued Size of Nestle: This is a firm that deal in different type of foodanddrinkproducts. Onthebasisofrevenue generation,thisisthe largest food firm in world.
Continued SizeofNHS:ThisisapublicenterprisebasedinUnited Kingdomthatoffervarioushealthrelatedservicestoits customers. It also operate in various countries such as Ireland, Wales, England and many more.
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Continued... This concept is use by entity to identifythemajor stakeholdersandtheir requirements.Government, customers,investorsand suppliersarethemajor stakeholders of Nestle.
References Klapper, L., Lewin, A. and Delgado, J.M.Q., 2011. The impact of the business environment on the business creation process. InEntrepreneurship and Economic Development(pp. 108- 123). Palgrave Macmillan UK. Krishnan, A., 2013. Culture As a Successor of Quality Initiatives: A Review.International Journal of Social Science.2(1). p.53. Love, V.J., 2011. Private company accounting: A concept whose time has come.The CPA Journal.81(2). p.16.