The Business Environment Assignment
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Added on 2020-06-06
The Business Environment Assignment
Added on 2020-06-06
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THE BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION ..........................................................................................................................3TASK 1 ...........................................................................................................................................3P1. Different types and purposes of organisations and legal structures of forms of business3P2. Explain the scope and size of a range of different types of organisations .....................5P3. The relationship between organisational functions and their link organisational objectives................................................................................................................................................7TASK 2..........................................................................................................................................10P4. The positive and negative impacts the macro environment has upon business operations10P5 Conduct internal and external analysis of organisations to identify strengths andweaknesses...........................................................................................................................12P6. Explain how strengths and weaknesses interrelate with external macro factors ...........13CONCLUSION .............................................................................................................................14REFERENCES ..........................................................................................................................14
INTRODUCTION Business environment refers to all internal and external factors which influence businessenvironment. It very important to take into consideration all these factors. So that company canfunctions in smooth manner. Its very vital that every enterprise should meet customers needs.Internal factors are those factors which take place inside the firms. And external factor related toelements which take place outside an organisation. These external factors are not undercontrollable by a firm (Blanchard, Tolbert and Mencken, 2012). The company which is taken into consideration in this report is British airways. It islargest airlines in UK. It is 3rd largest airlines in revenue earning. It is full global service airlines.This enterprise provide lower fares and give global routine flying experiences.In this report different kind of organisation has mention. Different size and scope of theseenterprises are discuss in this assignment. The different function of organisation has been discussand the report and there impact on business objectives. The SWOT and PESTLE model ismention in report. The interrelation of strength and weakness with the macro environment isdescribed in this report.TASK 1 P1. Different types and purposes of organisations and legal structures of forms of businessThere are mainly three type of organisation. Such as private, government and voluntaryorganisation. Public sector organisation: This kind of enterprises are part of economy. Thesecompanies hold and control by government. These firms are funded by taxes collectedby various government sources. The main motive of these firms are to earn small profitand serve its country decision. British airlines is one of the government owned company.Private sector: Private sector is owned by private individual. Main motive of thesecompanies are to earn profits and customer satisfaction. In UK Tesco is biggest grocerycompany (Boons and Lüdeke-Freund, 2013). Tesco having its business in other countriesalso. The employees are motivated to earn money in this kind of enterprise. Voluntary sector: This sector is non profit sector. These enterprises are work for amotive and that motive is to do welfare of people. These firm are not government owned.
Example of voluntary firm is world vision. These organisation raise the funds throughclarity and donation (Bryman and Bell, 2015). Difference between private, public and voluntary Basics Private (Tesco, virgin)Public (British airways)Voluntary (Diabetes UK, NHS)Meaning These enterprises areowned by individual. These companies areowned by government.These organisation areformed to serve thesociety. objectivesThe objectives of privatecompany is to earnprofits. The objective is to servecitizen of that particularcountry.Main objective is to dowelfare of people. Raise the moneyPrivate firm raise moneyfrom debts and equity.Public firm raise capitalfrom taxes, duties.The fund raised bythese enterprises arefrom charity anddonation.Benefit of jobIn private companyemployees get goodsalary and opportunities.In public enterpriseemployees get securityand life term plans. The employees thosewho want to helpneedy people. They getsatisfaction. (Sources: Difference Between Public Sector and Private Sector, 2017)Difference between micro, small and medium enterprisesBasics Micro Small Medium Business purposes Business purpose ofmicro enterprise is addvalue to economy. Main business purposeto serve customers bytheir special skills andabilities. Business purpose toprovide wide range ofproducts to customersObjectives Is to create jobopportunity.Enhancing income. To growth theirbusiness. Become one of thebiggest enterprise andearn higher profits. Supply of goods andLow supply of goodIn this they want toAdequate supply of
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