Business and the Business Environment

Business and the
Business Environment

Table of Contents
INTRODUCTION...........................................................................................................................1
LO 1.................................................................................................................................................1
P1 ................................................................................................................................................1
P2 ................................................................................................................................................4
LO 2.................................................................................................................................................6
P3 ................................................................................................................................................6
LO 3...............................................................................................................................................11
P4 ..............................................................................................................................................11
LO 4...............................................................................................................................................13
P5 ..............................................................................................................................................13
P6 ..............................................................................................................................................16
CONCLUSION .............................................................................................................................18
REFERENCES..............................................................................................................................19
Online.............................................................................................................................................19
.......................................................................................................................................................19

INTRODUCTION
Enterprise surroundings is the procedure of several kinds of internal and external factors
which includes suppliers, employees, owners, innovative techniques, clients, economy
modifications and many more. All these sorts of inside and outside factors direct influence the
overall management and their functions of firm like how they are performing their operations at
marketplace along with how they are able to handle situation as per the business environment.
Thus, business environment considered as one of the important and helpful aspects for every
business in order to analyse firm’s opportunities at marketplace and it also influence working
performance of employees in a positive manner. With the help of this firm can easily increase
their business growth and able to achieve targeted goals on time. This report includes different
types of public, private and volunteer organization that are dealing with different types of goods
and services (Abdelkafi and Täuscher, 2016). Moreover, scope, size and firm structure will get
covered. There are interrelationships in various department of firm that have negative and
positive impact both will get analyse. Lastly, strength or weakness of internal environment of
firm along with interrelationship with external macro factor will get covered.
LO 1
P1
According to the competitive scenario of world, there are large number of firm who are
working for earn huge profit and some of the are not working for earn profit but working to
provide better services to customers within particular place of country. With the help of these
sorts of firm people can easily achieve their desired goals and able to attain target within the
competitive scenario. There are various kind of firm working in public, private and volunteer
sector, those are as follows:
Private organisation:
Private firm mainly have liability within their private shares. This type of firm generally
has 30 members as workforce in order to achieve its profitable goals and objectives ((Aithal,
2017)earn profit only. There is Tesco has been selected as private organization, it is a British
multinational retailer and first founded by Jack Cohen in 1919. This is one of the best brands that
have their own brand name on every product in order to satisfy desires of people at workplace.
Apart from this, this type of private company do not includes in any kind of government pressure
1

as it always made for earn profit. Thus, they are able to run their business successfully and
achieve targeted goals on time.
Legal structure: Tesco has differentiated their retail and geographical hold by focusing
on the various kind of store than like convenience shops and superstores in order to sell so many
products together. It has permitted them to open more stores in order to serve their products
internally.
Sole Trader: It is one of the best considerable legal set up where the business is owned as
well as managers by a single person. Thus, business owner such kind of this are not separate
from business therefore, they are liable for all business aspects includes financial as well. In
regards with Tesco, they have set up to invest within its supermarkets to achieve targeted
profitable goals (Alaloul, Liew and Zawawi, 2017).
Partnerships: These are those business concern mainly closely-held by two or so many
parties. The relationship between two parties shows great partnership that analyse the structure
and scope of partnerships. For an example: The relationship between GoPro and RedBull. GoPro
selling movable cameras while Red Bull selling more than force drinks. Thus, both are having
same goals in regards with better lifestyle.
Pvt. Ltd. Company: These sorts of firm are small privately held business entity by using
limited shares. Thus, the entire business of private firm is limited as they cannot list its shares
within the stock exchange. Reed, Swire, John Lewis Partnership and many more are the best
example of private firm who run their business privately.
Stakeholders: In regards with Tesco there are so many person considered as stakeholders
such as employees, customers, management all that helps firm to increase their value through
achievement of better results at marketplace.
Purpose: The chief purpose of Tesco is to provide better services to every people in
every day so that they can make their potential customers and able to accomplish coveted goals
and objectives (Alotaibi, 2016).
Public Organisation:
This type of firms are includes non-profit organization which is owned by government
rules and regulations and provide best services for the very social purpose to people. Crown
Prosecution Services is the best example for public firm that helps to people to satisfy their needs
and goals. It was founded in England and Wales and conduct minimal persecution at that place.
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This public organization is having around 6,000 employees who works together to satisfy every
people needs in society. Therefore, this type of firm not work for profit and work for satisfy
wants of people.
Legal structure: Being a best service provide firm in UK, they are needed to focus on so
many different types of activities which are associated with people safety of people. With t5he
by use this will help in archiving its desired goals on time and create healthy relationship with
people within society.
Sole Trader: It is known as self-employed individual who operates their own business
through following legal entities and works for society (Bashir and Verma, 2017).
Partnership: It refers those businesses in which one or more parties work into the
partnership and operate their functions together.
Public Ltd. Company: These are those firms who can sell their shares freely on stock
exchange. These firms generally needed to have minimum capital in order to operate entire
business operations at workplace.
Purpose: To overcome several issues from the nation through execution of lots of ideas
and thinks that helps to make better policies perfectly. Along with this, making better strategies
always give better results and increase value of respective firm.
Stakeholders: Crown Prosecution services, large number of government agencies,
financial institutions considered as stakeholders that directly influence decision making process
of firm positively (Bedianashvili, 2016).
Voluntary Organisation:
It mention to the unit of people who mainly involves into an understanding to attain
specific aim. These sorts of firms are mainly formed in order to brining socio-economic
development for rural areas in order to better promotion of culture, art and many more things.
Oxfam is one of best volunteer firm and non-profit organization. It aims decrease the level of
poverty in the particular nation. It is situated in England and formed in 1942 by Cecil Jackson-
Cole. On the other side, NGO’s are the best voluntary entity that always helps to accomplish
their needs and wants.
Legal Structure: Oxfam able to meet their needs and wants as it is volunteer firm so that
it is needed to determine needs first so that they can help people towards developing better
norms, values, beliefs and communities within the society.
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Unorganized association: In this association people are able to work together in order to
achieve common and desired goals (Bereznoy, 2017).
Legal needs: It includes several laws and legislations in order to give proper legal advice
to charity, agencies and many more.
A Trust: It is important for respective firm to formulate so many better ways to invest
more funds for developing best services to consumers.
Partnership: There are so many people who are working together considered as partners
to make people happy for achieve of goals.
Purpose: To provide so many other options for several issues faced by society at any
place. By doing such kind of this thing they can achieve their goals and able to overcome
poverty.
Stakeholders: It includes employees, volunteer, founder, employees and so many other
individual who are working for this volunteer firm.
P2
Size and scope along describes the overall value of business at marketplace. With the
help of having so many goals, objectives firms can easily achieve their target within specific time
period. Thus, it helps firm to grow successfully within competitive areas (Berg and Kilambi
Siebel Systems Inc, 2014). There are different types of firms based on medium, micro/small and
large sizes or scope, those are as follows:
Micro enterprises Small enterprises Medium and large
enterprises
Size It includes small
businesses sector in
employment level is
very low with lack
capital investment.
These are manage by
individual bodies and
include so many
person quest to
maximise their
business for long time
along with increase
their volume of sales.
These are involves
workforce as
volunteer membership
and multinational
bodies that have
possibility to
maximise their
growth.
Scope These types of
enterprises come
It includes private
entities owned by sole
It includes so many
multinational firms
4