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TASK 11 P3 Different types of organisation

   

Added on  2020-12-30

17 Pages5677 Words396 Views
Business and BusinessEnvironment
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Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1 ..........................................................................................................................................1P1 Different types of organisation along with their purpose and legal structure........................1P2 Size and scope of different types of organisation .................................................................3TASK 2 ......................................................................................................................................6P3 Relationship between different organisational functions and how they link toorganisational objectives and structure ......................................................................................6TASK 3 ..........................................................................................................................................8P4 PESTEL Analysis and its impact...........................................................................................8P5 SWOT Analysis of Burberry...............................................................................................10P6 Strengths and weaknesses interrelate with external macro factors......................................11CONCLUSION .............................................................................................................................12REFERNCES ...............................................................................................................................14.......................................................................................................................................................15
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INTRODUCTION Every business operates in a particular environment and each unit has its ownenvironment. A change or modification in environment it cause opportunity to some and threat toothers. However, business environment is the combination of internal and external factors whicheffect company's operating situation including employees, customers, management, supply anddemand and business regulation (Zanoni, 2011). It is a force, factors with which the company orbusinessman has to deal for achieving its objectives. Business environment is a dynamic concept,as it consist emerging trends in business ethics, corporate social responsibility, corporategovernance, consumer citizenship etc. For managing the same, every firm develops or createsconceptual and policy framework to support development and use of business and environmentalinformation in decision making. Every organisation is categorized in various types i.e. soleproprietorship, private, public, voluntary sectors etc. and each of them are differ from each otherin terms legal structure, scope, purpose etc. In context to Burberry, one of the famous globalluxury brand which deal into clothing, accessories, perfumes, cosmetics etc. and it is commencedin the year of 1856. It is situated in London, UK. This report covers different types and purposesof organisation, size and scope of different types of organisation, relationship between differentorganisational functions and their link to organisational objective and structure. Finally, usage ofPESTLE and SWOT to analyse business environment and strength and weakness interrelate withexternal macro factors.TASK 1 P1 Different types of organisation along with their purpose and legal structureBusiness environment is a sum total of all external and internal factors which influence orimpact a business operations. It is dynamic in nature which means it keeps on changing and it isvery difficult to predict the exact nature of future happenings and the changes in economic andsocial environment. Thus, business environment is differ from place to place, region to regionand country to country (Stonier, 2012). Each business is classified into several groups such asprivate, public, voluntary sector and each of them has their own scope, purpose, aim, legalstructure etc. which leads them to accomplish organisational goal effectively and efficiently.Hence, on the basis of ownership business is classified into various types which is describedbelow:
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Private Company Private company are legally distinct entities with their own assets, profits and liabilities,personal finances of any shareholders are prevented by limited liability (P., Gowthorp and DeBosscher, 2014). They issue stock and have shareholders, but their shares do not trade on publicexchanges or stock market exchange. In relation to Burberry, one of the international luxuryfashion brand which is founded in the year of 1856. It's headquartered in London, UK and offersvaries ranges of product such as clothing, accessories, cosmetics etc. Due to an effective purposeand legal structure which ensures them to accomplish high profitability and productivity. Thepurpose and legal structure of Burberry are as follows: Purpose The primal purpose of Burberry is to keep its wholeness and energy of their brand at thesame time proceed to develop or enrich the business operations by acquiring innovative or latesttechnology in order to improve overall performance of company. Legal Structure The legal structure of Burberry are as follows: Sole Proprietorship: It is one of the most popular business types as it only requires asingle person to create. An important thing to note is that there is not a legal or financialdifferentiation between business and its owner, which means business owner is fullyresponsible for all profits, liabilities and legal issues which company encounter (Sawalha,2017). Partnership: A business which is owned and headed by two or more people who sharetheir responsibilities, profits, loss and risk equally. On of the main benefits is that itreduces the complexities and create a easier path to both the parties in order to achievepre determine goal. Public Company A company whose securities or shares are traded on a stock exchange and can be boughtand sold by anyone thus, it is also known as publicly held company (Sarsby, 2016). In context toNational Health Service, one of the publicly funded national healthcare system which is foundedin the year of 1948. Its headquartered in London, UK that offers varies services like healthservice, dental care, optical care etc. With the help of productive purpose and legal structure it
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