The Business Environment : McDonald's
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Added on 2021-02-19
The Business Environment : McDonald's
Added on 2021-02-19
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BUSINESS AND THE BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1P1 Different types of the organisation and there purposes........................................................1P2 Explain the different type of organisation of the different criteria........................................2P3 The relationship between the department of the organisation and their impact in achievingthe objective of the company......................................................................................................5P4 PESTEL analysis of the McDonald's.....................................................................................6P5 SWOT analysis of McDonald's..............................................................................................7P6 The relationship of strengthen and weakness with the macro factor in the organisation......9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONBusiness Environment is basically defined as the various internal as well as externalfactors that influence the business operations (Hernandez-Mendez, Faber, and Matthes, 2017).These influence the various business operations and must be regularly monitored throughprocess of Environmental Scanning. McDonald's is a fast food company originated in America.In this report, different types and various purposes of different kinds of organisational structuresalong with their size and scope. Also, this report discusses the relationship between differentorganisations and their link in achieving organisational objectives. Further, macro environmentand its positive as well as negative impacts on the business operations have been discussed withspecial relevance to McDonald's. Lastly this report also discusses the internal as well as externalaspect of the McDonald's company identifying their strengths and weaknesses along with theSWOT analysis of various external macro factors.P1 Different types of the organisation and their purposes.There are various types of the business organisation in the business environment. All theorganisation has their different characteristics, feature and legal structure. Mainly there are threetypes of the business organisations -Public sector organizationPrivate sector organizationVoluntary organizationSo now the brief discussion on the various types of the organisation done as below-Public organization - The public sector consists of governments and all publicly controlled orcontrolled by government, the company should have share capital of £50,000 or more in whichthe percentage of the paid up capital should be at least 25 % before the company being trading.The directors in the public organization needs the approval of government or board of directorsas they want to have any significant change in there operation and strategy.. Purpose- The purpose of the Public organization is providing good quality of product to themarket. PLC (Public limited companies) are required to have two directors at least and acompany secretary. The PLC used to have the high level of regulation and the reporting otherthan the private company. For e.g.- BBC (British broadcasting company) is working as thepublic company.1
Legal structure- As being the public organization, they are accountable to the central and thelocal government. BBC is listed and traded in the London stock exchange. They have board ofdirectors who run the business on the behalf of the stake holders and A.G.M.Private organization – a private organization is a company limited by shares and thistype of the company in UK cannot trade shares in public. As private company cannot offer theirshares and debentures to public but if want to raise the capital of the company, they can allot thenew shares to their existing or prospective shareholders for payment in return. The limitedcompany can create any number of share of any value. The limited companies of UK need not tohave authorised capital and minimum requirement of the share capital. Purpose- The main of the organization is profit maximization. The company is considered to bedormant and don't need to commence the public trading until they are prepared. In the privatelimited company, it is mandatory to have more than one director in the company and one ofthem must be an individual. Company secretory is no more obligatory in such organisation. It ismandatory of every UK private company to address the registered office of their company. Fore.g.- McDonald's is a private company.Legal Structure- These are the company who had there separate legal identity. The company isrun by the board of director and the chairman. It is important for them to have the memorandumof association and the article of association.Voluntary company- the company whose motive is to enrich and benefit the society withouthaving intervention of the government and profit. They work for the development and thewelfare of the society. They are usually known as the third sector or the civil society or NPO(non profit organisation). This sector is distinguished from the remaining two sectors and workindependently from the government. Purpose- The main purpose is to provide social services to people. They mainly work on thehuge issues of the society including the range of issuer in youth to the medical research.Voluntary organisation tries to seek balance between the stakeholders and the motive of theirorganisation e.g.- Wellcome trust is serving as voluntary organisation.Legal structure- The company is an unincorporated association works for the social benefit ofthe social. It is the non profit organisation categorised as the company limited by the guarantee.2
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