logo

Business Environment of Barclays Plc - Report

   

Added on  2020-01-16

11 Pages3736 Words116 Views
Business and Business Environment1

Table of ContentsPart 1..........................................................................................................................................3LO 1: Explaining different types and sizes of organisations.....................................................3P1 Explaining various types and purpose of organisations........................................................3P2 Understanding size and scope of various organisations and its link with objectives...........4LO 2: Demonstrating interrelationship of functions of an organisation and its link toorganisational structure..............................................................................................................5P3 Explaining the relationship between various organisational functions and its link withobjectives and structure..............................................................................................................5Part 2..........................................................................................................................................6LO 3: Demonstrate positive and negative impact of macro environment on businessoperations...................................................................................................................................6P4 Identify positive and Negative impact of macro environment on business operations........6LO 4 Determining the internal strength and weakness of business and its link with externalmacro factors..............................................................................................................................7P5 Conducting internal and external analysis of organisations to understand its strengths andweakness....................................................................................................................................7P6 Explaining strength and weakness and its relation with macro factors................................9Reference List..........................................................................................................................112

Part 1LO 1: Explaining different types and sizes of organisationsP1 Explaining various types and purpose of organisationsAccording to Baron (2012), the sizes and scope of every organisations is drastically differentthan one another and their operational activities also differ in size and future scope. Thevarious types of organisations that are existent all over the globe include public ltdcompanies, private ltd companies, companies limited by shares and companies limited byguarantee. In this study, the assessment of a public and private company can help inunderstanding their types, purpose and scope. As per Child (2014), a public company serves the basic need of the organisation throughdispersing its ownership among the general public. The example of Barclays Plc of a publicsector company can be used to understand the several functions and purposes that thecompany undertakes in its operational activities. Being a huge company in the bankingsector, it has huge duties and purposes as a corporate body and the main responsibility is tohave a positive corporate social responsibility (CSR) towards the public. Being centralised innature it allows the company to exercise decision making on certain products of their own.They have a differentiation strategy that is aimed at niche and urban customers. Being presentin the corporate scene for almost 300 years, it has already established a brand identity andmakes it easier for them to conduct business. Since it is a public company, its major sourcesof funds arrive from public deposits with customers having high bargaining capability. Theiroperational activities are streamlined to give highest customer satisfaction to its customers.On the other hand, the example of a private ltd company GlaxoSmithKline (GSK) can beused to compare the operations conducted in a public ltd company. One of the most renownedpharmaceuticals companies in the world, their functionality is based on serving customers allaround the world. Since it’s a private organisation, their liability is spread vastly, startingfrom customers, shareholders and all the major stakeholders. The fact that their businessdeals in sensitive products such as medicines and vaccines, they constantly must undertakeresearch and development procedures to create new and advanced products that have hugeimplications in the normal world. Having business in many continents, it has maintained itscorporate responsibility quite well.3

Keeping in mind both the companies and its operations, both companies have a huge scopesince they are already established companies. The purpose they serve has a major distinctionas one company deals in pharmaceuticals while the other in banking services. Bothcompanies have the common objective of serving customers but the process of raising fundsis different. Public corporations can easily raise money by issuing shares and stock whereasprivate companies need to follow several protocols before engaging in raising funds. Theirexpansion decision making is based on the volume of profits that they generate.Another distinction that arises is the fact that issuing shares is easier in public companies andthe owner of the shares becomes a part of the company. It is not the case in a privatecompany as board of directors of the private company need to follow advice of theirinvestors. Ultimately it impacts the business decision making process for both companies. P2 Understanding size and scope of various organisations and its link with objectivesAs per Damanpour (2014), structure of an organisation is deeply responsible for the settingup of objectives that plays a role in operational activities and understanding the scope of thecompany’s products and services. If the case of both GSK and Barclays Plc is used, it can benoted that being large scaled organisations and business spread worldwide, the operationalactivities are constantly based on improving services. Drexler (2015) suggested that the rangeof products that a company introduces to its public is a culmination of the business objectivesand hard work of its employees to deliver the best quality services possible.The business objectives and goals of GSK involves in developing a balanced global business,develop products of value and have a simplified operating model. These objectives can beinherently linked with the products and service that they provide. They have developed awidespread business and their products deal in pharmaceuticals, vaccines and healthcareproducts. Considering their objectives, the development of these products along with constantresearch and development allows them to operate responsibly in the global market.According to Duncan (2014), no company will ever be able to define its objectives and notcreate relevant products and services for the customers since it makes their operationsirrelevant. In the scenario it can be said that Barclays Plc which has been in the business sincemany years, considers its operations under ethical and professional terms. Barclays Plcdelivers products and services that range from personal to international banking forindividuals and corporate banking for SMEs and large organisations4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Types, Size and Scope of Organizations
|15
|4646
|289

Business functions and its environment
|17
|4770
|27

Business and Business Environment Assignment (Solution)
|15
|5075
|189

Tesco Business Environment
|15
|3400
|239

Business and Business Environment
|16
|4170
|54

Size and Scope of Different Types of Organisations
|19
|5593
|71