Business Environment Report - NATWEST
Added on 2020-06-04
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Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1.Typologies and purposes of business organisation along with their legal structure..............1P2.Scope and size of different typologies of business organisation...........................................3TASK 2............................................................................................................................................4P3.Relation betwixt various organisational functions and there relevance with organisationalstructure and objectives...............................................................................................................4TASK 3............................................................................................................................................6P4.Positive as well as negative impact of external factors on organisational activities andpractices.......................................................................................................................................6TASK 4............................................................................................................................................6P5.Micro and macro analysis of organisation.............................................................................6P6.Interrelation betwixt strengths/weaknesses and macro environmental factors......................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8
INTRODUCTIONIt is very much important for organisation to consider all environmental factors whilemaking business decisions. This can also help in providing good working environment toworkers. For making changes in current products and services, mangers have to use appropriatetechnology so that they can provide high quality goods or services to their customers. Mostly,this kind of modifications are made by top management and higher authorities. Businessorganisation have to make its strategies and policies to consider macro environmentalcomponents (Klapper, Lewin and Delgado, 2011). Above mentioned factors can increase anddecrease organisational profitability. In simple words, failure and success of any enterprisedepends upon micro and macro environmental factors. This project report is based onNATWEST which is a very reputed international bank of London. In present time, NATWESTand RBS are the leading banks of UK. In this project report, different typologies, size, purposesand scope by business organisation has been evaluated. Interrelation between organisationalfunctions and objectives has also been demonstrated. At last, relationship betwixt Internalstrengths/weaknesses and macro environmental factors has been determined. TASK 1P1.Typologies and purposes of business organisation along with their legal structureBusiness organisation can be defined as place where many people come together to fulfiltheir personal and professional objectives. Enterprise provides various employment opportunitiesto poor people so that they can improve their standard of living. Company is managed andcontrolled by its administration department. It is very much important for business mangers tointerrelate their organisational functions and objectives so that desired results can be achieved.There are various typologies of organisation which are follows as under: Public sectorPrivate sectorVoluntary sector Public sector: This sort of business organisation is part of government , because they aremanaged and controlled by legal authorities (Welford, 2013). Public sector company providesvarious products and services to general public but at lower prices. This kind of enterpriseprovides various public services such as health and social care, education, constabulary, military,1
transit facilities etc. The major objective of public company is to provide social welfare. Itincludes various ministry bodies such as national and local agencies. Example: National healthservice.Legal structure: Public sector company is divided into three parts which are following as under: Central government: It is called as most important legal body. Central government ofUnited Kingdom have made various rules and regulations for organisation so that it canmake strategies according to legal aspects. State Government: Legal authorities which comes in this category, take their power fromnational government. The main function of state body is to keep control on organisationalactivities and practices (Moutinho, 2011). Local government: This kind of legal authority makes various rules and regulations tomange and control local areas. It also provide justice to local people so that their interestscan be promoted and protected.Private sector: The main objective of privately held company is to manufacture high qualityproducts and services to satisfy different needs and wants of customers. This type of organisationis highly focused on maximising financial profit. Private sector is also refer as citizen sectorbecause it provide goods and services to citizens. Privately held company can re-innovates itsproducts and services on interval basis. Vodafone is an example of private company.Legal structure: Private sectors is categorised in various parts which are following as under: Single proprietorship: This type or organisation is operated by single individual. He isresponsible for organisational success and failure. The biggest problem in this is that,single person can not afford high level of capital. CLT Accounting Services Ltd. Is anexample of sole proprietorship. Partnership: It is that kind of organisation which is operated by two or more persons.The biggest advantage of partnership is that profits and losses of company is divided intodifferent partners. For example: Pret A Manger. Private limited company: This type of enterprise have their own rights. According tothis, finance of company is apart from its own owner's capital. Private limitedorganisation can be limited by shares and grantees. Shareholders of firm can be people orother enterprises. AEGIS GROUP PLC. Is one of the leading public limited company. 2
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