SWOT Analysis of the Mining Industry
Added on 2020-06-03
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Business and businessenvironment
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................1P1 Assessment of various and purposes of organizations......................................................1P 2 Explanation of size and scope of different types of organization....................................3P3 Evaluation of relationship between various functions within company...........................4PART 2............................................................................................................................................6P4 Identification of positive and negative impact of internal and external environment onbusiness operations.................................................................................................................6P5 Evaluation of internal and external analysis of business enterprise..................................6P6 Explanation of interrelation with strengths and weakness with external factors..............8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONBusiness environment is considered as major part of economy that reflects the positionand reflection various effective and efficient business firms that regulate their operations withinthe domestic country (Commander and Svejnar, 2011). It also determines various types ofbusiness problems and factors which are faced by these international and small businessorganizations in effective management of business and also making their efforts at workplace. Itmainly consists of various environmental forces which shapes the business segments and also theproduct line of company ( Guariglia, Liu, and Song, 2011). In the present the report, analysis ofMark and Spencer's business environment is done to analyse various aspects like purpose, sizeand scope of their business functions. Apart from this, there are some other significant operationsof company have been which provides them support in achievement of objective in competitivebusiness environment. Analysis of micro and macro environment factors have been discussedwith a view to describe the factors that affects growth and development of company in market.At last, the international between external factors and strengths and weaknesses of company isalso explained.PART 1P1 Assessment of various and purposes of organizations.In the business environment, there are various types of business organisation that exists inthe economy within the economy of country with the different purpose and motives. Someorganization like M& S work with an purpose of profit maximization and others like OXFAMworks as beneficiary of people (Nikolaou and Evangelinos, 2010). With effective research anindividual will recognise that the organization in country will consider as different from theirstructure, environment and culture. In this context, as business develop managers various typesof organizations needs to be discussed with their purpose, vision and mission.Private Sector: One of the major sector that consist of various small and globalorganization regulating in very industry. Organization in this sector are considered asprivate firms which ultimately regulate their business with an aim of maximizing profitsand increasing there growth in Economy. In UK, presently there is major contribution ofthese private sector firms towards increasing the rate of GDP. Private firms not offersthere shares to public at large.1
In retail sector, there are many private sector firms like Iceland, B&M retails etc. which haveachieved major growth by making continuous innovation in their goods and services to attractcustomers. Further, there are some legal structure of private organization are:Sole trader: It is considered as simplest form of structure in which there is one singleowner who regulates the business operations and liable for every business situation eitherprofit or loss (Osterwalder and Pigneur, 2010). For example: private firms are also ownedsome private entrepreneurs or individuals with an aim to maximize profitability.Investment is made by owners either from there capital or borrowing from financialinstitution or stakeholders.Partnership firms: Major form of private sector organizations in which the company orindividuals makes an agreement for working together in business for achievements ofprofits (Sekaran and Bougie, 2016). In UK, presently there 1.2 million partnership firmsexisting that have huge contribution in economic development of country.Private limited Company: It is a company which is held private individual for smallbusiness purpose. In this, liability held by partners are limited as per the contribution ofinvestors.Public sector organization: Large business firms that operates there business atinternational level with an aim to satisfy the needs of people and achievement of targetreturn from the investments (Lewin, Massini and Peeters, 2011). In this context, Marks &Spencer is considered as public limited organisation as it generates its financial resourcesfrom the public by issuing shares. Government have there shares in this organization as itaims to satisfy the needs of consumers.Further, different legal structure public sector organization are as follows:Franchise: These public sector organization also provides there franchises to therefranchises to other individuals by taking royalty amount as they are using there brand forregulation of business (Wirtz, Schilke and Ullrich, 2010). Marks and Spencer has alsoprovided its many franchises to different individuals or firms to increase there brandreputation as well as increasing the sale of there products in market.Workers cooperative: These are considered as public organization in which the workersacts as partners of business and share a percentage of profit.2
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