Report on Different Types of Business Organizations and Environment

This report provides an overview of different types of business organizations, including public, private, and voluntary sectors, and their characteristics. It analyzes the Bank of England, Tesco, and NHS as examples of these sectors, detailing their backgrounds, products/services, size/scope, and visions. The report also explores the international business environment, emphasizing its impact on business operations and the importance of factors like political, economic, and technological elements. The report highlights the significance of the business environment for the growth of the economy. It references scholarly articles to support its analysis of how country regulations, business environments, and cultural factors affect business performance and profitability.

Business and Business Environment
Different types of organizations
 Public: These are the sectors that are operated and owned by the government of
the country and these are mostly made to work in the public interest in some
most common societal issues.
 Private Sector: This is one of the sector that is focused on earning more profits
to survive in particular markets and it can be said that it run by the group of
individuals that have certain personal objectives to be fulfilled
 Voluntary sector: This sector consists of those firms that are not owned by any
firm but primary motive is to create the positive social impact rather than just
focusing on earning profits.
REFERENCES
 Contractor, F. J. and et.al., 2020. How do country regulations and business
environment impact foreign direct investment (FDI) inflows?. International
Business Review. 29(2). p.101640.
 Gaganis, C., Pasiouras, F. and Voulgari, F., 2019. Culture, business
environment and SMEs' profitability: Evidence from European Countries.
Economic Modelling. 78. pp.275-292.
 Ibidunni, A. S., Ogundana, O. M. and Okonkwo, A., 2021. Entrepreneurial
competencies and the performance of informal SMEs: The contingent role of
business environment. Journal of African Business. 22(4). pp.468-490..
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Products and
services
This sector
provides various
payment services,
securities and the
wholesale banking
services etc. to
large number of
people that are
living in UK.
Moreover, various
loans and
advances help the
people to improve
the standard of
living.
It offers variety of
the food and non-
food products
through various
online and offline
stores. Also, all
the products are
freshly packed and
sold around the
world through
keeping the lowest
prices as possible.
The company is
known for services
like emergency
care services,
online services
and alcohol
addiction
problems services
and much more.
Thus, all these
services are
publicly funded
and cover all
health and social
sector in wide area
of UK.
Size and scope The major scope
of this bank is
maintaining the
monetary and
financial stability
in UK. Also, it
acts as lender of
last resort at
difficult times
within the country.
Moreover, approx.
number of
employees within
the firm in 2018
was 4485.
The total number
of approx.
employees in this
company is about
367321.
Moreover, firm is
the largest retailer
in market that is
focused on the
diversification
strategy to expand
it business all over
the world.
The major scope
of NHS is to the
support disabled
people and
families through
giving proper
support and
guidance. Further,
they aim to raise
awareness and
helps in changing
attitudes through
government
policies. Also,
total employees
are about 1.3
million staff
Explanation of each of the chosen organizations
Particulars Bank of
England
Tesco NHS
Company
Background
It was first
established in
1826 and major
reason of its
establishment
was to take full
control over the
banknote
circulation to
prevent any
crisis in the
future.
This company
was firstly
known by name
Tesco Tea as
owner sells
own-brand
product in
market. Now
this company is
formerly known
as multinational
retailer of
general
mechanized
operating in
various regions.
It is health
sector that is
public based
and is active in
providing
clinical services
and not on the
individual
ability to pay.
INTERNATIONAL BUSINESS ENVIRONMENT
 It refers to the surrounding in which various business carry out various routine
task that is essential for the development of the country for prolonged period.
Moreover, with increase in sale of goods and services in various regions
companies help in growth of any economy
 Furthermore, there are various elements such as political, economic,
technological and much more that have to kept in mind by the business while
operating in various countries.
Vision To deliver the
price stability in
support of the
current
government
objectives such
as growth and
employment
within country.
To become the
most highly
valued business
in which the
business operates
and remain
committed to
shareholders and
other people that
are associated
with company.
The vision of the
company is to
deliver better
health, better
care and better
value to large
customers living
in UK.
Moreover, the
firms ensures
that all the
modern services
are delivered in
the appropriate
setting.

Notes
Different types of organizations
 There is various type of organizations that are running within various markets that have certain objectives to be fulfilled within the
specified period. Furthermore, it can be said that in UK there are various public, private and voluntary sectors that are operating
successfully over the years. The detailed description of these sectors are as follows:
 Public: These are the sectors that are operated and owned by the government of the country and these are mostly made to work in the
public interest in some most common societal issues. Furthermore, the source of funding in this organization is through public taxes
and government subsidies so that they are able to operate efficiently in various regions. Moreover, the main motive of such firms is
not to earn profits but to serve the society for some common cause in bets effective manner. For instance: Bank of England is one of
the public sector firm in UK that is serving the customer needs in timely manner. Moreover, the firm is involved in offering various
financial services and products to the common public so that more revenues could be generated in systematic manner.
 Private Sector: This is one of the sector that is focused on earning more profits to survive in particular markets and it can be said that
it run by the group of individuals that have certain personal objectives to be fulfilled. Moreover, these organizations use various
competitive strategies and develop policies that would help in maintaining competitive advantage in long run. For instance: Tesco is
one of the best known private organization that is focused on selling variety of the products to various customers located in different
regions. Furthermore, to sustain in the market the firm analyses the market completely and bring innovative products to satisfy
customer preferences.
 Voluntary sector: This sector consists of those firms that are not owned by any firm but primary motive is to create the positive
social impact rather than just focusing on earning profits. Also, these firms are important in providing various services to the
community and earn profits out of it. Moreover, voluntary organization enter into agreement and allows all other individuals to be
part of it that are quite interested in any kind of social purposes. For example: NHS organization that is the working for welfare of the
people and is active in solving any health related grievances that is faced by any particular community during certain period. Thus,
such sectors are also supported by the common public at the time of any country crisis or situations like pandemic.
 Thus, it can be said that all the above all organizations are existing within any society so that certain personal objectives as well as
growth of the economy in terms of revenues and welfare could be fulfilled in right manner.
International business environment
 Also, growth in international business environment means that business would have large scale operations and there would be special
role of technology that would help the business to increase sales in various heterogeneous markets. Moreover, with increase
competition across borders most of the home country business would be forced to launch innovative products in the market thus
ensuring more economies of scale during certain point of time. Thus, international business helps in creating more job opportunities
for local people. Also, it helps in providing better services to large masses through exporting various products and using other
methods or techniques