Types of Business Organisation and Impacts of Environmental Factors

The Business Environment

Table of Contents
INTRODUCTION ..........................................................................................................................4
MAIN BODY .................................................................................................................................4
Types of business organisation along with its purpose...............................................................4
Impacts of environmental factors in context of stakeholders at company..................................5
Requirements of variety of stakeholders.....................................................................................5
CONCLUSION ..............................................................................................................................6
REFERENCE..................................................................................................................................7

INTRODUCTION
Business environment comprises of internal and external factors such as employees,
consumers needs & expectation, supply & demand, management, clients, suppliers, owners,
innovation in technologies, social trends etc. these poses power in order to influences the
operation & function of company (Akhtar and Sushil, 2018). Following report is based on a
British Broadcasting company, in order to explore all these components of business environment
with relevance to stakeholders. This is a public sector organisation. In this report discussion
about types of organisation along with their purpose. Additionally, impacts of environmental
factors at company, market sector or industry level. Lastly, requirements of stakeholders to
chosen company is demonstrated.
MAIN BODY
Types of business organisation along with its purpose.
There are various types of business organisation in business environment such as private,
public & voluntary with different purpose. Some of business organisation are as follows:
Private company- Such type of business organisation held under private ownership, they
may issues shareholders and issues stocks but their shares do not trade on public exchanges and
not issues by initial public offerings (Hamilton and Webster, 2018). Tesco, Walmart, Waitrose
are the example of private organisation.
Legal structure of private company-
Private limited company is a legal entity in their own rights and the finance of company
are separates from finances of their owners. For example, Airdri.
Public limited companies are those which freely sell their shares at marketplace to gain
huge amount of capital. For examples, Sainsbury and Tesco.
Partnership: Such type of private company required less funds and that is operates with
the assistance of two partners. John lewis is an example of partnership private company.
Sole traders- they are those who run & handle their operation on his own. All
consequences of loss & profit will managed by single owners. Owners have responsibility to
carry out function which are associated with operation, legal and finance aspects.
Public organisation: It means those companies which are given by government and meant
for not profit economic development company. It involves those individual who wants to support