Business Environment of NATWEST : Report

Added on - 21 Jul 2020

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Business environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Different type of organisation, their purpose, legal structure, size and scope............................1TASK 2............................................................................................................................................4Relationship between functions of various firms........................................................................4TASK 3 & 4.....................................................................................................................................6Covered in PPT...........................................................................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8
INTRODUCTIONIn attaining the success of each and every business depends on the environment whichthey are providing to their employees while doing or managing work by using functions. Whenmanagers and higher authorities wants to make changes by using appropriate policies orregulations. They have to use appropriate technology so that they can update their existingproducts and services which they are offering to the consumers (Ahmed, Aamir and Ijaz, 2011).Business environment includes the internal as well as external environment and this will havingan impact on the functioning of business as it includes consumers, suppliers, competitors and soon. Environment of business is dynamic in nature and that means they have to keep on changing.Present report is based on NATWEST is a large as well as retail bank in UK. In the present time,NatWest and RBS hit occasional infringers with the overdraft on a daily basis (Business and theenvironment, 2017). In the below mentioned report, discussion on different type of businessorganisation and their size and scope. Along with this demonstration on interrelationshipbetween different functions and it should be link with the structure of business entity. Moreover,proper analysis should be demonstrated by adopting different tools and techniques so that theycannot face any obstacles in attaining targets.TASK 1Different type of organisation, their purpose, legal structure, size and scopeOrganisation are divided into three parts and all the entities having different purpose, sizeand scope as well as legal structure which are:Public sector business entityThese are the firm which are owned along with the regulation should be done by theministry bodies. It involves the different type of ministry bodies which includes national, otheragencies as well as local. It having a aim to use available resources and provide benefit oradvantages to social people (Auzair, 2011).Legal structure:There are different kind of public sector which includesCentral government is the essential regulatory body of country. In UK, ministry bodieshaving a power to make or prepare new rules and regulations for the firms so that they can dobest work and these policies or regulations should be share by central along with the stategovernment.1
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