HND Business Level 4: Types, Size, and Scope of Organisations Analysis

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Added on  2023/03/24

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This report provides an overview of the business environment and how it affects businesses, defining business as an economic activity aimed at earning profits. It categorizes organizations into public, private, and voluntary sectors, using Newest as a private sector example, BBC as a public sector example, and an unnamed organization as a voluntary sector example. The report concludes that firms must adopt plans and policies to implement changes effectively within their business environments. References to relevant academic works are also included to support the analysis.
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INTRODUCTION
Business is an economic activity aimed at earnin
g profits. Business is largely affected by the envir
onment that surrounds it. A business environmen
t consists of elements which are beyond the contr
ol of the company and affects its operation in hug
e manner.
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INTRODUCTION
Business is an economic activity aimed at earnin
g profits. Business is largely affected by the envir
onment that surrounds it. A business environmen
t consists of elements which are beyond the contr
ol of the company and affects its operation in hug
e manner.
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Different types and purposes of
organization
These can be categorizes in to:
Public Sector
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Private Sector
Voluntary organisation
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Private sector
In the context of this report Newest consider as a
Private sector company.
The size and scope of such business is large.
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Public Sector company
In this report BBC is a public sector company.
This is also listed in the London Stock Exchange.
The size and scope of such business unit is quite
large as compare to private sector company.
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Voluntary organization
It is one of the sizeable voluntary organization
existing in the contemporary era. The compan
y is working to improve the living standard of
the people worldwide.
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CONCLUSION
Business environment thus firms had to
adopt plans and policies so they can
easily implement these changes without
facing any type of difficulty.
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REFERENCE
Aithal, P. S., 2016. Study on ABCD analysis technique for
business models, business strategies, operating
concepts & business systems. Browser Download This
Paper.
Aterido, R., Hallward-Driemeier, M. and Pagés, C., 2011.
Big constraints to small firms’ growth? Business
environment and employment growth across firms.
Economic Development and Cultural Change. 59(3).
pp.609-647.
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Thank-you!!!
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