Business environment assignment : LEGO
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Added on 2021-01-02
Business environment assignment : LEGO
Added on 2021-01-02
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Business and BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P 1. Different types and purpose of organisation : public, private and voluntary sectors andlegal structures ............................................................................................................................1P 2 . Size and scope of a range of different types of organisations ............................................3TASK 2 ...........................................................................................................................................4P 3 Relationship between different organisational department and how they link......................4TASK 3 ...........................................................................................................................................6P 4.Identify the positive and negative impacts the macro environment has upon businessoperations ....................................................................................................................................6TASK 4............................................................................................................................................9P 5. SWOT analysis of organisation............................................................................................9P 6. Strength and weakness interrelate with external factors ....................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONA business organisation is formed by one, two or more persons who carry on acommercial enterprise to provide services and products in exchange for products fromconsumers. A business environment means all of the internal and external factors that affect howthe company functions including staffs, management, customers, supply & demand and businessregulations. It is essential for corporation to set its targets in that manner so that goals andobjectives can be accomplished effectively. The aim of this report is to provide specificinformation about three different organisations which are Lego, Unicef and Bank of England. Inthis report, following topics are covered such as : different types, size and scope of corporations,interrelationship of the various functions and how they link to organisational objectives andstructure, positive and negative impacts of macro environment upon business operations. Apartfrom this, it also discuss about internal strengths and weakness of specific businesses and theirinterrelationship with external macro factors. TASK 1P 1. Different types and purpose of organisation : public, private and voluntary sectors and legalstructures As per different methods of distribution of authorities and responsibilities, thecorporation are of various types on the basis of its purpose. There are different aims andobjectives of each organisation and it focuses to achieve the goals. There are many types ofcompanies such as public, private and voluntary.Private company : It is a firm which held under private ownership and it can not issueshares in public because its article of association restrict it and it a legal norm for it. As per thelegal norms of stock exchange share can not traded. Lego is comes under private organisationwhich is a toy manufacturing corporation and company has expanded its business in variouscountries and famous for branded toys. Organisation has founded by Ole Kirk Christiansen in theyear 1932 and operating income is around 12.4 billion as on 2016 (Osterwalder and Pigneur,2010).Purpose :
The main purpose of these types of organisations is to generate maximum profits byincreasing sales and sustain in the market for long time. Private companies are established so thatlimited individuals can control the business operations. Legal structure : Partnership : It is an agreement which is performed by two or moreindividuals for the purpose the carrying the same business activities and generate profits.Partners have to follow the rules and regulations as per the partnership deed and profits andlosses are shared as per the contract or mutual agreement.1.Sole proprietorship : In this type of business organisation is owned and controlled byone individual and who manage the operations of it. Profits and losses does notdistributed to others persons. Owner is liable to pay all debts of its business (Osterwalderand Pigneur, 2010).Public company : It is that company which can issue securities through an initial publicoffer and shares are traded on stock exchange. Shareholder are the owners of the organisationbecause they contributed their capital in this business. Bank of England is a public corporationwhich was established in 1694 and it is central bank of United Kingdom. It can control themoney supply in the country. Purpose : The main purpose of organisation is deliver public services so that more number ofpersons can take the services of company. Therefore, it does not operate its business only forprofit motive. Legal structure :Central government : It makes sure that entire management and operation must befollowed in respect to determine or control the mistakes early.State government : It is operating with the motive of increasing the local job those aresupplied and it is basically related with public sectors people that involves local bodies.Local government : This government is responsible to ensure that all legal complianceand rules which are made by central and state government are effectively followed by allindividuals. Voluntary organisation : A voluntary organisation is a group of persons who enter into an agreement, generally asvolunteers, they make a firm to achieve its goals. This type of corporation has formed to satisfy
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