The Impact of Macro-environmental Factors on JP Morgan's Business Operations
Added on 2020-12-10
18 Pages5166 Words491 Views
BUSINESS AND BUSINESS ENVIRONMENT
ContentsINTRODUCTION.....................................................................................................................................3TASK 1.......................................................................................................................................................3P1 Different types of company and its purposes......................................................................................3P2 Size and Scope of different type of organizations..............................................................................6TASK 2.......................................................................................................................................................9P3 Inter-relationship between different organizational structure and objectives......................................9P4 Positive and Negative influence of macro-environmental factors on JP Morgan’s business operation...............................................................................................................................................................11P5 Strength and weakness of JP Morgan...............................................................................................14P6 State how strength and weakness are inter-lined with macro-factors................................................15CONCLUSION........................................................................................................................................15REFERENCES........................................................................................................................................17
INTRODUCTION The idea of Business Environment alludes to the set of all internal and external factor thatimpact organization's overall working and activity. Internal elements incorporate firm’s productor services resources, workers etc. though External incorporate investor, client, monetarycondition and competitors. The environment of business vary from country to country dependingupon it nature and surroundings in which it operates (Avramenko, 2012). It is important for acompany to have knowledge regarding available threats and opportunities prevailing in themarket. As indicated by Moris, “Business Environment can be characterized as a sum total of allevents, forces and condition that affect it either directly or indirectly.” For smooth running of anybusiness concern, the prime obligation is to comprehend the business condition in which theywork that influences it’s working. This report depends on JP Morgan which is an Americanbased financial services company. It covers different types of organization along with itsstructure and size. Internal and external factors are determined through undertaking Pestleanalysis and strength and weakness of chosen firm is also identified in the given report. TASK 1P1 Different types of company and its purposesA business enterprise can be organized in one of different ways, and it is completelydepend upon entrepreneur which way he/she prefers. It is primarily important to choose itcorrectly as it directly affect company’s liability as well as owners. Discussed below are some ofthe common options that needs to be taken into account by business owner: 1. Public Enterprises: Companies under this sector are mostly run, controlled and overseen by theGovernment Bodies. Individuals pay duties to Government and they additionally utilize this cashfor the welfare and enthusiasm of society as it were. The whole execution and working oforganization is ruled by local, state or national government. They deliver products rememberingthe interest and welfare of society. Along with this they also laid stress on various others factorslike providing shelter to homeless people, water management, waste management etc. Legal Structure: It is generally of two types i.e. Central and State
•Central Government: They manage the whole working of country. In US, all rules andregulation are made by central government for the welfare of company as well as local residents.Their primary object is to gather taxes from local residents and progress use it for their benefitonly (Cheng, Yip and Yeung, 2012). •State Government: From the central point of view, state government have political nature. Theyshare their capacity and experts with national government. Their primary reason for existing is tocontrol and screen the exercises of instruction division in order to give better training to localresidents. •Local Government: Local bodies needs to control the working of small geographical area, forexample, town, state or city. Their principle objective is to care of individual’s interest andwelfare. Aims: •To provide services keeping in mind the welfare and interest of local population•To utilize assets in an ideal way that prompts benefits the community. Public Sector is otherwise called as buyer, provider & purchaser. Like JP Morgan falls under theclassification of this division. As a provider, they have opened schools that provides learning andtraining to kids. As a producer, they are fabricating a portion of its financial services in healthand education care sector. 2. Private Enterprises: These sort of association are for the most part claimed and keep runningby private person. They are considered as free undertaking in the nation. It is significantly lessdemanding for private firms to adjust or change themselves according to the dynamic marketchanges. The principle preferred standpoint of this area is to create merchandise and enterprisesaccording to the changing requests of target audience. The commitment of privately ownedbusinesses in US is close around 89% i.e. the target of the greater part of the association is to winbenefit. The case of private endeavor is Virgin Group. Legal Structure
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