Introduction to Business and its Environment
Added on 2020-06-05
13 Pages3948 Words34 Views
BUSINESS AND BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................1P 1- Different purposes of private, public and voluntary organisation and their legal structure......................................................................................................................................................1P 2- Size and scope of private, public and voluntary organisations............................................2P 3- Relationship of achieving objectives with various organisational functions......................3PART 2............................................................................................................................................5P 4- Identification of positive and negative impacts of macro environment on operations oforganisation.................................................................................................................................5P 5- Internal and external analysis for identifying strengths and weaknesses of theorganisation.................................................................................................................................5P 6- Link of external macro factors with strengths and weaknesses of the organisation............7CONCLUSION................................................................................................................................8REFERENCES ...............................................................................................................................9
INTRODUCTIONBusiness environment is unavoidable and its external and internal factors affects theorganisation in handling business operations and activities. Macro factors that are included in theexternal environment of business mostly affects the business. Mark & Spencer works forclothing and food sectors which are included in retail industry. It is private sector which works inthe direction of making profits and increases their brand value in the market. There are manytypes of organisations which have different purposes and size and are effected by the externalmacro factors (Bughin, Chui and Manyika, 2010). Functions that are performed in theorganisation are interrelated with their objectives and goals. Strengths and weaknesses of thecompany is affected by the external factors of macro environment.PART 1P 1- Different purposes of private, public and voluntary organisation and their legal structure.Private, public and voluntary organisations differs from each other by their variouspurposes and by formation of their legal structures. These organisations are formed according totheir functions or in the direction they are working for.
Private organisations- These are the organisation which mainly works for gaining profitsfor their business and use them efficiently for further growth of the company. Privatesectors are managed or owned by the individuals or some firm which is private by itsformation. Companies which are private in nature works for earning more and moreprofits. These organisations set their vision prior to start of their business to sustain in themarket and cover all the ranges of their customers. Customer satisfaction is main motiveof these firms (Crane and Matten, 2016). They want their performance up to the mark andmake their customer happy with the quality of products and services they offer to them.Formation of legal structure in these organisations is very typical because they have todeal with many formalities in this process. M&S is a private organisation of the retailindustry which highly satisfy their customers by providing innovative and creative newproducts of their taste and preferences. This company works with the target to makeevery moment special for their customers. They want to expand their business worldwide.The cited organisation have its own brand name which is very strong and they are reputedamong their customers.Public organisations- Sectors which are public in nature are managed and owned by thegovernment and works for providing affordable products and services to the people.These organisations do not want to earn the profits they only wants welfare of people.Forming legal structure of these companies is an easy process because they are handledby the government (Chesbrough, 2010). They can become private sector if they are soldto be managed by an individual or firm which is private. The tax rates which are receivedby government are used in managing and for business operations of the publicorganisations. These sectors can be police, government hospitals etc. Police sector areone of the public organisation in UK. They work for welfare of people and makes surethat they are kept safe.Voluntary organisations- Non- profit organisations are included in the voluntary sector.These organisations want to take care of people, their human rights, animals and manyenvironmental problems. They do not want profits or high incomes but only want tocreate a better world with safe and secure environment (Halbert, and Ingulli, 2011).Charities received by these organisations are used in handling activities of these sectorsand giving revenue to the workers who are working for the voluntary organisations. To
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