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Unit 1 - Business and Business Environment Assignment

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HA82854 UNIT 1 - BUSINESS AND BUSINESSENVIRONMENT
Table of ContentsIntroduction...................................................................................................................3Explain the size and scope of a range of different types of organisations...................3Different types and purposes of organizations and legal structures............................4Explain the relationship between different organisational functions and how they linkto organisational objectives and structure....................................................................6Analyse the advantages and disadvantages of interrelationships betweenorganizational functions and the impact that can have on organizational structure....7The PESTLE model to support a detailed analysis of the macro-environment withinSamaritans....................................................................................................................8Impact of Micro and Macro factors upon business objectives and decision making.10SWOT analysis for Samaritans, UK...........................................................................11Strength and Weakness Interrelate with External Macro factor.................................11Conclusion..................................................................................................................12References.................................................................................................................13Page |2
IntroductionThis assessment is intended to include awareness of the organisation as well as itsactivities, the setting wherein the company executes its duties, as well as howexternal conditions impact the company. Also, throughout this assignment there aredifferent types of organisations that control the business, their scale, nature andpurposes, as well as their relation with the organisation's structure are mentioned. Italso offers awareness of the interaction towards the organisation as well as itspartners and their involvement in determining the company's judgments. Theorganisations' operations are clarified by different types of entities, including theSamaritans as a charitable corporation. The beneficial and detrimental influence ofthe macro and micro factors upon the enterprises are explained with properexamples.Explain the size and scope of a range of different types of organisationsMicro business:Microbusinesses are known as small businesses that are gradually recognized as adifferent company segment according to their own requirements. There seems to beno universal description about definition of micro business, however, various partsthroughout the UK, relevant government use as well as define their specificdefinitions (De Moraeset al.,2017). The significant definitions of different authoritiesare described below:Definition by European Union (EU): According to the EU, any micro-enterprise represents an enterprise where it employs lesser than 10 people aswell as turnover by the company does not surpass €2 million annually. Whenaddressing micro-enterprises, some sections of the United Kingdom,governing authority employ the EU concept developed for micro-enterprise.Definition by Office for National Statistics (ONS):The ONS is not evenconcerned about micro-enterprises, however, they identify firms even throughnumber of workers. The 2015 Business Population Estimates indicate4,077,590 firms with a sole owner administrator as well as then another1,068,815 companies having 1 to 9 number of staff.Small business:The concept about a small enterprise:The total of workers inside a small company should be 10-50 staff.The gross revenue of the small company will be over EUR 2 million, but lessthan EUR 10 million (Ribeiro-Soriano, 2017).Private industry definitions throughout the UK offer a degree of transparency to thecase, however, it should be remembered that those are rarely definitive. Smallbusinesses have been classified as partnerships, sole traders, as well as limitedfirms including an operating margin of less than 1 million GBP. The British BankersAssociation (BBA) does have its specific concept about a small business. In anycrucial industry, small enterprises compensate for a whopping 99.5 percent of firms.individual facilities, like beauty treatments, and also technical services like bankingservices or advisory.Medium size business:Page |3
The medium-sized enterprise is identified as an enterprise during the present andcorresponding year that the companies does not outweigh minimum 2 off the 3mentioned standards:Overall financial statement: 18 million EURMedium sector earnings: 36 million EURAverage workers for medium-sized businesses throughout the fiscal year: 250It is helpful to understand the new meaning of the EU medium business definition aswell. This concept utilizes the above-explained calculation of staff numbers: mediumsized business includes an organization with less than 250 staff. It also providesmeanings under the SME framework of the 3 types of industry. Under the EUconcept, the medium-sized company has less than 250 workers with a revenue ofequal to EUR 50 million or even a statement of income of equal to EUR 43 million(Patil, 2019). Small and medium-sized businesses are widely considered to becomethe bedrock of every growing economy; those companies fuel growth, generatebetter job opportunities as well as introduce new industries.Large size business:A large business seems to be a corporation that manages minimum 1 of the 2requirements that recognize:Get a minimum of 5000 staff members;It requires a yearly turnover which have to be more than EUR 1.5 billion aswell as a combined income statement which will be more than EUR 2 billion.Since the beginning of 2019, big firms responsible for 40 percent of jobs including 48percent of profitability. Throughout the UK private industry, retail and wholesaletrading and maintenance contributed for 25 percent among all large company jobs aswell as a 3rd of large enterprise profitability. Administrative and Support ServiceActivities, that taken into account for 15 percent of the overall, seems to be the 2ndlargest segment in contexts of large-scale business job opportunities. Industrialproduction, that contributed for 21 percent of the overall, also emerged the 2ndlargest industry in contexts of big company profitability (de Widt and Oats, 2019).Different types and purposes of organizations and legal structuresSole trader business:Self-employed businessman who, as an individual, develops and conducts his entirecorporation is known as sole trader. There is no legitimate identification apart fromthe founder for any sole trader company, causing many others to claim that they arethe company as becoming a sole trader. Becoming a sole trader, following taxation,the individual has full power over the corporation, its resources and earnings. Suchbusiness framework provides contrasting flexibility, stability as well as a range ofother benefits within this regulation(Ustymets, 2017). After all, except for themembers of some limited partnership, a sole trader remains directly responsible forthe obligations of the firm and the private properties would have been at potentialdanger if the business is not practicable to compensate investors. This limitless dutyas well as the strain inherent in trying to bear all of the accountability can be greatobstacles for the sole traders.Partnership:Page |4
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