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Introduction to the Business and Business Environment
20 Pages4861 Words332 Views
Added on 2020-06-04
Introduction to the Business and Business Environment
Added on 2020-06-04
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UniversityBUSINESS AND BUSINESS ENVIRONMENTStudent NameLecturer NamePage 1 of 20
Table of ContentIntroduction......................................................................................................................................3LO 1 Discuss the different types, scope and size of organizations.................................................3Task 1...............................................................................................................................................3P1 Different types and purpose of organizations with the structures and legal process..................3M1 Different organizations link to business objectives, products and service offered by the firm8LO 2 Discuss the interrelationship of various functions within the firm and link theorganizational structure...................................................................................................................9P3 Relationship between organizational functions and link to objectives and structures...............9M2 Advantage and disadvantage of interrelationships functions and the impact on theorganizational structure...................................................................................................................9D1 Critical analysis of the different types of business structure and interrelationship of differentorganizational function..................................................................................................................10Task 2.............................................................................................................................................11LO 3 Describe the macro environment effects on the business operations for both positive andnegative impacts............................................................................................................................11Task 3.............................................................................................................................................11P4 Identify the negative and positive impacts from the macro environment on the businessoperations with examples..............................................................................................................11M3 PESTLE Model for analysis on the macro environment in the firm.......................................12LO 4 Determine the weakness and strength of specified business and discuss the interrelationshipwith external macro factors...........................................................................................................13Task 4.............................................................................................................................................13P5 Analysis on internal and external on the specific organizations to enhance the weakness andstrength..........................................................................................................................................13P6 Discuss the strength and weakness of external macro factors..................................................13M4 Applying of SWOT to justify the decision-making................................................................14D2 Evaluate the impacts arise from both micro and macro factors on developing the objectivesand decision making for business..................................................................................................14Conclusion.....................................................................................................................................15Page 2 of 20
IntroductionThe business and business environment means the external and internal factors that might affectthe entire functioning of the firm. It includes the management, employee, customers, businessregulation, supply and demand (Harmon and Trends, 2010). The main features of businessenvironment lie to cover the force and factor such as competitors, customers, government,suppliers and legal conditions to achieve a high performance for the firm. For this case, differenttypes, scope and size in the business environment needs to be determined. The interrelationshipof various functions exits within the firm and developing the entire structure. The businessenvironment gets influence from both micro and macro factors. LO 1 Discuss the different types, scope and size of organizationsTask 1 P1 Different types and purpose of organizations with the structures and legalprocessAs the responsible CEO there lies with the different types of organizations such as sole traders,partnerships, private, public or voluntary which helps to make the completion in the developedbusiness environment. There are different aspects that are required to be considered so that theyare able to focus on the business in appropriate manner (Bryman and Bell, 2015). Main focus ofany firm is to gain maximum profit. This is only possible when they are able to achieve thedesired goals and objectives. When these are done, then it becomes favourable enough todevelop strong customer base. Further, structure of the business is developed in accordance withthe preferences of organization. When there are many employees involved, then it requires tohave effective structure in which all are able to communicate with others. Page 4 of 20
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