The Structure of Business : Assignment
Added on 2020-10-23
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THE STRUCTURE OFBUSINESS
ContentsContents...........................................................................................................................................2INTRODUCTION...........................................................................................................................1QUESTION 1..................................................................................................................................1QUESTION 2..................................................................................................................................3QUESTION 3..................................................................................................................................6CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONStructure of business indicates towards the entire phenomena of operations and process thatprovides a legal identity to a business (Netzer and et. Al., 2012). There are type of businessstructures found in business environment as partnership, company, sole trader or corporation.This report explores the structure of business in various structure of business. The report is basedon subway an online business that is started recently after getting inspiration from the success ofE-bay. Strength and weakness of chosen business start-ups analysed in respect of various legalframework. Financial strength and weakness of business for better analysis and control alsoanalysed in this context. Assessment of environment to analyse the impact upon business alsoanalysed in this report. Importance of key human resources policies with in the organisationalcontext also determined in this report. QUESTION 1Proper analysis and evaluation of business environment is necessary as well as required toexamine the inner strength and weakness to execute the business idea. There is a business idea ofonline retailing business inspire by eBay initiated by entrepreneurs. Before initiating the conceptof new business idea, it is important to analyse the business idea. The evaluation is based uponthe business online. The environmental evaluation is carried out in the form of PESTEL, whichis as follow:Political factorPolitical stability of a country is essential to maintain the business operations in effectiveand legal form. As eBay had to face political factors influenced the operations of eBay. Theonline marketing policies can affect the business. The influencing factor that can lead thebusiness idea to form in real organisational world (Scheer, 2012). Governmental support for e-commerce, advanced and effective infrastructure of IT developers and centres are someinfluencing factor that can assist the business idea. Apart from it, stricter antitrust policies cancreate challenges to support the business ethically. Inbound and outbound political process ofbusiness is one of the major political factor that may influence the decision making process. Thusit is observed that political factors would also definitely impact the business of subway in case ifmanager do not properly analyse these factors. Such as, if government increase the internet tariff1
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