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Positive or Negative Impact on the Macro Environment

Added on - 09 Dec 2020

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BUSINESS AND THE BUSINESSENVIRONMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P 1) Different types and purpose of organization-.................................................................1P 2) Size and scope of a range of organization.....................................................................3TASK 2............................................................................................................................................4P 3) Relationship between different organizational functions-..............................................4TASK 3............................................................................................................................................6P 4) Positive and negative impact on the macro environment...............................................6TASK 4...........................................................................................................................................9P 5) Internal and external analysis of JP Morgan-.................................................................9P 6) Internal relation between Strengths and weaknesses with macro factors.....................11CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONBusiness environment means external and internal factors that makes effects oncompany’s functions including employees, consumers, management, policies etc. These factorsinfluence an organization’s strengths and weaknesses. External issues create threats andopportunities to the business. It is an aggregate of all conditions and influences surround or affectit (Ayios, 2018).JP Morgan Finance and Investment is the finance institution of United Kingdom whichprovides low rate loan or investment plan. This report will explain about different types oforganization, purpose and size or scope. After this, it will describe the relationship betweendifferent organizational functions. This report will discuss positive or negative impact on themacro environment. Lastly, it will explain about strengths and weaknesses and interrelation withthe macro environment.TASK 1P 1) Different types and purpose of organizationOrganization-It is an organized group of people with a common and particular purposeor objectives such as private business/ government sector. In other words, action of organizingsomething called organization. It has a management structure which determine the relationsbetween activities and employees. Before starting a business, it is important to make a strongleadership in an organization.In UK, there are different organizations in this sector that exist-Primary sector-Industries engaged in production or extraction of raw materials likenatural resources, crops and crude oil. Primary sector includes finishing, farming, mining. It is animportant part of economy in some countries. It has some issues like export revenue, monopolypower, volatility, de-industrialisation etc.Secondary sector-It includes the next process level of raw material, productmanufacturing etc. In this sector, man-power is used to produce goods and services (Charles Jr,Schmidheiny and Watts, 2017).1
Tertiary sector-Itis also known as a service sector. It is the third economic sector ofthree sector theory. It offers tourism, insurance, loan etc. all intangible goods. It usesmanufactured products. It is helpful in selling and marketing the products which was produced inprimary and secondary sector.Types of organizationsOrganization has many types which are below-Public organization-These are those which operated by the government and provideservices to country’s citizens. Like voluntary, public sector organization do not work forgenerating profits. Tax, fees, financial transfers from other government are the methods offunding for public services. Sometimes, it makes partnership with an organisation in privatesector to frame a public-private partnership. Education, fire services, gas and oil are fewexamples of public organization. HSBC is a financial public organization of United Kingdom.Advantages-Protection of public interest-It can formulate and apply those policies which promotepublic organization. It would ensure that public interest is safe and promoted.Erase of raising funds-Public organizations are operated by the government and theycan raise required funds by issuing their bonds in market.Disadvantages-Political interference-Public organization is a state enterprise. They all suffer frompolitical interference and have to follow their instructions or perform according to them.Misuse of power-It enjoys special power from the Parliament into its daily workfunctions. Sometimes, few officials misuse their power and get included in corruption.The main purpose of public organization is they maintain economic conditions of country andprovide the best facilities to citizens.Structure-Two types of legal body; one is central government and second is state legal entity.Private organization-It is the part of economy that is operated by individuals andindustries for profit. Government has no control or right on their business. Sometimes, it is alsocalled the citizen sector (Charter, 2017). Partnership, multinational corporation, trade unions aretypes of private sector. TESCO is a private organization.Advantages-2
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