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Importance of Business Environment - Report

   

Added on  2020-09-03

11 Pages2743 Words39 Views
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HOW TO OPERATE BUSINESS
Importance of Business Environment - Report_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Different types of public and private organization in UK.....................................................11.2 Different Structure in business and reason for several variation..........................................21.3 Impact of local and global environment on selected business..............................................4TASK 2............................................................................................................................................42.1 Importance of accounting in business success......................................................................45.1 Functions of HR department in business..............................................................................45.2 Key features of employment legislation...............................................................................5TASK 3............................................................................................................................................53.1 Interpret information and data with profit and loss...............................................................5TASK 4............................................................................................................................................64.1 Roles and other people in team.............................................................................................64.2 Different thing which support the future training events......................................................6TASK 5............................................................................................................................................76.1 Impact of customer service on business................................................................................76.2 Benefits of customer profiling to busienss............................................................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
Importance of Business Environment - Report_2

INTRODUCTIONIn today's world the importance of Business Environment is there as because it involvesthe study of external and internal aspect which has an great affect on the organizationproductivity and performance both. Although, various company is such which relate to emergingin the marketplace by having an some motives like various firms has an motive of earning moneyin great way too (Shenkar, Luo and Chi, 2014). Hotel Hillside is such which is having an numberof association in service industry and has various branches in many countries and working ininternational boundaries. Therefore, Report is such which lead to highlight the various business in somewherehaving an emerging in global market with their way of running their business entity that has andifferent element such as: balance sheet, profit and loss account with hence forth. Roles of HRteam and other has member which develop in an organization that has an outline in this project ingreat manner. TASK 11.1 Different types of public and private organization in UK.UK is a country who is having various companies in which objectives are there that ishaving an difference in between each other and also having an different aspects as well. Privateindustry is that which emerge out in market with proper facility for the entire public withouthaving an discrimination in society (Storey, 2016). Moreover there are some public associationswhich is described below as: British petroleum.Burberry group Plc Rolls RoyceBasically, these are those company which is busy in offering the best quality in publicassociation which do fulfil requirement in effective manner. Moreover. In contrary to this,various private firm is there who emerge in marketplace for gaining great maximum profit forbringing satisfaction in customer needed things. Generally, few of those are as: River IslandMerlin Entertainment 2 Sisters food group
Importance of Business Environment - Report_3

Hence, various private and public sector companies are those which identified differentthing in market place which has an purposes that has an reason establishment which has differentsize, scope and structure in great way. 1.2 Different Structure in business and reason for several variation.Public and private company are considered as having difference in between theirstructure which is somewhere having differ in the several aspect and somehow the customeroriented enterprise is controlled governing bodies in great manner even though profitableassociation is such which is run by the single member in great way (Ward, J., 2016). Difference in between the various organization on basis of structure as: Private organization: This firm is such which is classified in various sections and theyare as: Director: Private firm has one director and he/she is the person who is liable formanaging all the day to day operation in great way. Company secretary: They are those who are liable for the administrative matters andthese person has liability to act on behalf of director. Apart from this they also domaintain the official books, register and so on. Shareholder: Entity is also having an number of shareholder which has, investor,employees and also supplies so on. Registered office: Firm is such which need to have a different office that address variousthing within the borders of England and Wales.
Importance of Business Environment - Report_4

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