Research Project on Business Environment
Added on -2020-07-23
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Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Describe the type of business, purpose and ownership of two contrasting businesses..........1P2 Describe the different stakeholders who influence the purpose of two contrastingbusinesses....................................................................................................................................2P3 Describe how two businesses are organized..........................................................................3P4 Explain how their style of organization helps them to fulfill their purposes.........................4TASK 2............................................................................................................................................5P5 Influence of two contrasting economic environments on business activities.......................5P6 Political, legal and social factors are impacting upon the business activities .......................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7.........................................................................................................................................................8
INTRODUCTIONIn this current scenario, business environment plays important role because its directlyconnected with all employees as well as their working performance. Due to, it is very necessaryto properly analyse and maintain working surrounding because all workers will complete theirtask and works as per internal environment of organisation. Moreover, this research project willbe discussing about different type of business firms as well as their major purposes (Iskanius,Page and Anbuudayasankar, 2010). In the addition of this, will be defining several stakeholderswho directly influencing on purposes and targets of contrasting businesses. In the other words,organisation styles will be explaining which assist to full fill their purposes in appropriate andeffective manner. Business environment affecting by several factors such as legal, social andpolitical issues will describing.TASK 1P1 Describe the type of business, purpose and ownership of two contrasting businesses The two businesses have selected are Marks and Spencer (M&S) and the National HealthService (NHS). Marks and Spencer (M&S) M&S is an international company and is part of thetertiary sector (Aterido, Hallward-Driemeier and Pagés, 2010). An international business is abusiness that operates and sells products/services around the world, M&S trades in Europe, theMiddle East and Asia 1 . M&S is a public limited company, the public part of it means thatshares can be brought by the public and the limited company part means that it has limitedliability. Having limited liability has many advantages as it protects a shareholder from beingresponsible for more than their share of the company so they wouldn’t be accountable for theliabilities resulting from the bankruptcy. Being part of the tertiary sector means that M&Sprovides services in the form of selling groceries, clothing and home products. The purpose ofM&S is to supply products; M&S also offers services but that isn’t their primary way of doingbusiness. M&S is driven by profit meaning that they make sure that their sales cover all of theirrunning costs and more (in order for them to make a profit). Running costs include anything thatthe organization needs to spend money on in order for the company to operate (salaries, utilitiesand rent2 ). When M&S was founded the main goal was to only sell British made goods thatwere of a high quality, this started to change in the 1990s but they continue to aim to offer highquality food at a fair price.1
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