Business and The Business Environment

Unit 1 - Business and The
Business Environment
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INTRODUCTION
Business and business environment refers to the boundary in which a business operator. in
recent times this environment has become complex and difficult to understand. it is because of
changing several factors which affect on organization growth and expansion. Therefore it is
necessary to analyze micro and micro factors so that accordingly strategies developed. Moreover
the size and scope of business differs from one another. Also there are various functions
performed in company (Camilleri, 2020).
In this report it will be described about different types and purpose of organization along
with their size and scope. also it will be explained about relationship between different
organization function and their structure. besides that micro and macro factors will be analyzed
and how it impact on decision-making. also it will be discussed about how strength and
weakness interrelate with micro factors.
LO 1
P1 Explain different types and purposes of organisations; public, private and voluntary sectors
and legal structures.
There are various types of businesses which operate. David in nature and size according to
the goals and objectives. also their legal structure where is from one another. it is as follows
Bank of England. it is a public organization that is controlled and operated by government
Arcadia is a private organization that is operate by group of people or an individual
UNICEF it is a voluntary organization that is formed by trust.
Basis Public Bank of England Private Arcadia Voluntary UNICEF
Purpose The purpose of public
organization is to so
people of nation by
providing them products
and services (Muminov,
and Rakhimova, 2020).
It is non profit making
organisation
a private company
purpose is to earn
profits my providing
products two people. . It
is profit making
organization
it is formed for the
social welfare and well
being of society. . It is
non profit making
organisation
Legal structure the legal structure is it is formed by group ofthe legal structure is
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formed by government.
The structure include
Governor, court of
directors, and committee.
people who own the
company. The company
structure is LTD
made of 36 member of
executive board of
government
representatives.
Products and
services
Bank of England
provides variety of
services related to
finance
it only provides
clothing, shoes related
products and services
(Mushtaq, and Khan,
2020).
The services provided
are education health care
to fulfill the needs of
society.
Stakeholders The stakeholders are
government, public,
employees.
Here, stakeholders are
employees, BOD,
customers, etc.
In this stakeholders are
government, NGO, UN,
etc.
Background Bank of England was
established in 1694 and
operate in UK. It become
public organization in
1998.
It was founded in 2002
by as arcadia group plc
It headquarter in
London .
It was formed in 1976 by
United nations and is It
headquarter in New
York.
So, it is identified that various business objectives and structure vary on basis of its size
and nature. They also provide variety of products and services. Moreover, the purpose of
company depends on their mission and vision. In public limited structure can not be changed
automatically. But in private structure can be changed by BOD. There is no interference of
government in it (Mustapha, and et.al., 2020).
P2 Explain the size and scope of a range of different types of organisations.
A business size and scope also varies from one another. this is because it depends on its
structure and type. similarly the size and scope of three organizations are defined as
Basis Public Private Voluntary
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