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Micro and External Environmental Factors of a Business Corporation

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Added on  2019-12-17

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Business Environment INTRODUCTION 3 TASK 13 1.13 1.24 1.35 SECTION 26 2.16 2.27 2.37 TASK 38 3.18 3.29 3.39 TASK 410 4.110 4.210 4.311 CONCLUSION 11 REFERENCES 12 INTRODUCTION A well blended and a combined mixture of internal and external i.e. The Internal business environment relates to the components that can be controlled by the administration and are refereed as the micro environment, whereas the external factors are the macro environmental

Micro and External Environmental Factors of a Business Corporation

   Added on 2019-12-17

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Business Environment
Micro and External Environmental Factors of a Business Corporation_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1................................................................................................................................................31.2................................................................................................................................................41.3 ...............................................................................................................................................5SECTION 2......................................................................................................................................62.1................................................................................................................................................62.2 ...............................................................................................................................................72.3 ...............................................................................................................................................7TASK 3 ...........................................................................................................................................83.1 ...............................................................................................................................................83.2 ...............................................................................................................................................93.3................................................................................................................................................9TASK 4..........................................................................................................................................104.1..............................................................................................................................................104.2..............................................................................................................................................104.3..............................................................................................................................................11CONCLUSION..............................................................................................................................11REFERENCES .............................................................................................................................12
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INTRODUCTIONA well blended and a combined mixture of internal and external i.e. the micro and macroenvironmental factors of a business corporation which effect its functionality and the operationalactivities of the organizational structure (Worthington and Britton, 2015). The Internal businessenvironment relates to the components that can be controlled by the administration and arerefereed as the micro environment, whereas the external factors are the macro environmentalwhich those which are uncontrollable are and beyond organizational reach. The stakeholders areconsidered as an important and influencing factors and which also determines the decisionmaking process which includes consumers, suppliers, competitors and investors. These are thesignificant part of business activities (Kubasek, Brennan and Browne, 2016). The presentanalysis is carried out the vacuous types of organizations and also their purposes of carrying outthe businesses. Moreover the responsibilities of the business corporations and also the strategiesemployed to meet them. TASK 11.1An organization is a structural format of relationships, authorities and responsibilitiesthrough which the specific and pre-determined objectives are determined and attained. “A workorganisation is a social arrangement for the controlled performance of collective goals”.Organizations can be segmented in many ways (Hamilton and Webster, 2015). For instance, thefirst way is based on the over-arching purpose or the primary objectives etc. Private Limited Company: These companies are owned by the individuals or group ofpeople and purposes at earning, increase sales and expansion, achieving market share whileproviding effective customers services. The businesses under this category are registered withCompanies House and have between 1 and 50 shareholders. The shareholders of these companiesmay include family or friends and the Limited word in company name is to be added onmandatory basis (Fernando, 2011). The terminology is defined as the liability of the company islimited to the capital (shares) invested. The shares however cannot be traded on the stockexchange. If the Qbic hotel goes bankrupt however, the owner would not be personally liable fordebts incurred.
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Public Limited Company: These business entities controlled by the government and thegoverning bodies. Tax amount collected from the public is used to fund such corporations. Themajor purpose of public sector companies is to help and support the social communities. Theseare the business corporations where shares must be available to the general public through theStock Exchange, and this therefore means that the PLC needs a Stock Exchange Listing. This is acostly process which may also take a long time which involves the process for obtaining one ofthese (Wijaya, Spruit, Scheper and Versendaal, 2011). There are certain requirements for havinga PLC too; there must be:At least £50,000-worth (Republic of Ireland: €38,092.14) of share capital of which atleast 25% must have been paid for.Two shareholdersTwo directors, one of whom may also be the company secretaryA certificate of entitlement (the trading certificate) to do business and borrow capital.Voluntary Organizations: These organizations are also denoted as charitable trusts theysupport the vulnerable groups which are said to be as non-profit organisation.Government Organizations: Government service means, employees are undergovernment directly in state and central. Their salaries are determined by government and differsfrom private sector and partially privatized public sector. defence (Front line soldiers andordnance factories to produce weapons), Indian post, Railway, shipping, utilities . Theseemployees have benefits like PF, Medical reimbursement, bonus and pension after retirement.Government organizations are also known as departmental organizations. The are fully ownedcontrolled and managed by the government departments or ministries like Railways and Post andTelegraph department. Charitable: These types of organizations are a kind of business that fits within the non-profit organization (NPO) category and is also referred as as a charity or foundation, which canbe run publicly or privately. Many of these organizations may be centred around religious,educational or other public interest activities that are philanthropic in nature. charitableorganizations operate as private foundations that obtain their principal funding through acorporation, family, individual or other single financial source.1.2Describing the extent to which organization meets the objectives of stakeholders
Micro and External Environmental Factors of a Business Corporation_4

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