Purpose of private, public and voluntary organization and legal system

BUSINESS ENVIRONMENT

Contents
INTRODUCTION.......................................................................................................................................4
TASK 1.......................................................................................................................................................4
P1. Purpose of private, public and voluntary organization and legal system...........................................4
P2. Size and scope of a range of different types of organizations............................................................5
P3 Relationship between different function of M&S achieve objectives mission....................................6
P4 Positive and negative impact macro environment in M&S.................................................................7
CONCLUSION...............................................................................................................................................8
References...................................................................................................................................................9

INTRODUCTION
Business environment is a concept that is made up of number of internal and external
elements that are present in the surrounding. Some factors are beyond the control of the business
organization. Therefore, in order to keep in pace with the competitive environment, they have to
work with effectiveness and efficiency (Teece, D.J., 2010). The company included in this report
is Marks & Spencer (M&S), Retail Company in UK. The report will highlight the size and scope
of the organization as well as relationship of functions in M&S. Apart from it, it also focuses on
legal structures of different types of organization system.
TASK 1
P1. Purpose of private, public and voluntary organization and legal system
There are several types of business organization that is operating in the corporate world.
It has been classified into public, private, voluntary that have diverse laws and regulations
governing these sectors. The legal Structure of these institutions are described below:
Public sector: This type of organization is under the control of government and have
different set of rules as compared to other institutions. They have the policy to raise their capital
through issue of shares and can have unlimited number of shareholders for their company. Their
basic aim is to serve services for the society and do not exist for earning profits and revenues
(Drucker, 2017). The other characteristic associated with this sector is that they have limited
liability of the extent of their expenditure.
Private Sector: These type of business organization is under the control of some
individuals and their prime motive is to earn high financial gains and competitive image in
business environment. This can be formed with minimum of 2 staff members and directors. The
maximum number of stakeholders is 50 only. The partner that can be formed comprises of
maximum of 200 members that is defined in the law.
Voluntary organization: This type of institution is established to deliver voluntary
services to the society in order to increase their living standards and quality of life. All NGO’s
are included in this type of sector. They do not exist for earning huge financial gains. They are