Unit 1 Business and The Business Environment

This document discusses the types of organizations and their legal structure, as well as the size and scope of various organizations. It also explores the relationships between organization functions and their link to objectives and structure. Additionally, it examines the positive and negative impacts of the macro environment on businesses. The subject of this document is Business and The Business Environment, and it is relevant to Unit 1 of a course. The document type is a study material or assignment.

Unit 1 Business and The
Business Environment

TABLE OF CONTENT
INTRODUCTION ...........................................................................................................................................3
LO1..............................................................................................................................................................4
P1 Types of organizations and legal structure.........................................................................................4
P2 Size and scope of various organizations..............................................................................................5
LO2..............................................................................................................................................................6
P3 Relationships of organization functions and their link to objectives and structure ..........................6
LO3..............................................................................................................................................................8
P4 Positive and negative impacts of macro environment .......................................................................8
LO4..............................................................................................................................................................9
P5 Internal analysis and identification of strengths and weaknesses......................................................9
P6 Strengths and weaknesses interrelation with external macro factors..............................................11
CONCLUSON .........................................................................................................................................12
REFERNCES................................................................................................................................................14

INTRODUCTION
Business environment can be understood to be widely expanded among varied
competitive aspects on global scenarios where report will be analyzing various types of
organizations based on size, functional role and scope. The study further will be analyzing
discussion on new working operational metrics where there is new scale innovation worked on
for framing higher competitive domains worked on. The report shall be focusing on
interrelationship between departments functions, and how they develop stronger reach among
wider long term goals of profitability and new goodwill metrics. The study shall be discussing
internal and external factors of business environment for bringing larger scale profound diversity
among working horizons. Study shall be also discussing new domains of interrelationship within
internal and external factors, for enhancing larger vision perspectives on commercial potential
aspects. The report shall be also analyzing new functional metrics of provident areas for keen
functional strengths arenas on which keeping active diversity within production goals, where
companies have been actively focusing on new dynamic scope horizons.

LO1
P1 Types of organizations and legal structure
There are various types of organizations which can be segregated into working horizons
and new functional aspects for keeping up informative diversity alive within varied aspects into
competitive domains. Within competitive global business industry there are various companies
coming on within business culture aspects for creating informative diversity, to pertain high
quality functional metrics and also to form stronger range of products and services (Belás,
Belás and Rózsa, 2019).
Public companies
The public companies are widely organized with high range of capital structure aspects
on which there are larger aspects of capital structure widely formed on which larger number of
people can invest shares, as they are listed on stock market for further investments. The public
companies have been also identified to be widely focused on enhancing competitive strengths
within products and services range, as wider competitive reach is formed on. The public
companies however do not allow outsiders or any shareholder to further take any active decision
among company operational decisions where there have been varied new growth competencies
an analyzed. The public companies are also owned by authorities under government which
makes legal structure dominated by only legal corporation bodies and enhanced focus on capital
and revenue scenarios. Asda is one of the biggest public company within retail industry having
varied range of products and services expanded among varied range of new capital investments
and informative diversity aspects. Asda, public company is known for wide range affordable
products, services and competent scaled up functional aspects by bringing new scale products
and advanced scale services.
Private companies
The private companies are private shareholders owned body by large competent bodies
where shares are contributed within capital investments by them, and they have whole focus on
taking active decisions among company working operations which enable wider growth among
successful horizons. The private companies are widely focused on attaining profits within
revenue goals and to form consumer’s goodwill among products, services within longer time

frame for availing higher informative diversity parameters. It can be also analyzed that the
private companies have high focus on capital structure development within varied working
aspects on larger scale paradigms which enhance larger targets at business horizons. The legal
structure is private and shareholders have the only authority within business operations, IKEA is
one of the biggest private company having wide reach among global aspects and also bringing
on wide range of products and services.
Voluntary companies
The voluntary companies are organizations whose function is to enhance working aspects
and living scenarios of people living on among varied domains where there is new effective goal
functioning formed on. The voluntary companies have stronger focus to bring cost free services
for people to enhance their living scenarios and also potentially form informative functional pace
within developing new range of services. The voluntary companies are widely developed based
on providing cost free services to people and also functionally bring on potential targets widely
among global paradigms. British Red Cross if one of the biggest voluntary company of UK,
where it has been bringing on varied range of functional services for people (Al-Khasawneh,
2020).
P2 Size and scope of various organizations
The size and scope of various organizations have high role of importance for business
competitive analysis within business industry globally where there are varied new competencies
analyzed which creates profound work growth synergy, on larger arenas and for further
determining horizons building pace.
 The public companies have wide range of capital structure which significantly develops
varied new functional scope for enriching consumers focused products and services on
business avenues, also public companies size has significant impact for larger scope
efficacy within varied domains. The public companies are also profoundly stringently
working ahead on building diverse range of products and services, for functional strength
and dynamic growth within new domains. It can be also analyzed that UK has around 3.5
million sole proprietorships (69%) in the UK at the start of 2019, 405,000 partnerships
(7%), and 2 million limited companies (34%). Out of the 2 million actively trading
limited companies in the UK (2019), around 990,000 were employers, whereas

891,000 companies were not. number of public companies (Crudu, 2019). ASDA is
involved in marketing of grocery, general merchandise and best financial services where
best low priced services have made it scope widely expanded under varied scenarios.
There are 633 retail stores of Asda, where it latest revenue figures show 30 billion $,
where company has been ranked as 10th in revenue growth rise.
 The private companies are wide range of focus on developing higher informative goals
profoundly focused on innovation parameters, where shareholders has the role to take all
decisions and there are no shares listing done which however make the scope limited
among working horizons. The private companies also are capital enlarge and profoundly
competent to bring on best quest metrics for technical strength diversity, scaling business
objectives on expansion and also to potentially work on keen paradigms within industry
efficacy profoundly. UK has -5.2 million private sector businesses in England, 334,000
in Scotland, 222,000 in Wales, and 124,000 in Northern Ireland, accounting for 35% of
the UK business population. The private companies are keenly evolving on new
paradigms of industry growth avenues and also to enhance new scope horizons for
technical growth operational metrics. IKEA revenue is 41.3 billion$, which makes scope
widely expanding among competitive global retail industry. In 2020, the number
of IKEA co-workers worldwide amounted to nearly 220,000 which signifies wide range
of functional scope in business expansion grounds.
 The voluntary companies scope is limited due to less capital investments pooled on and
limited functional consumers market reach where there has been varied lack of
innovation and functional strengths within business goals profoundly. The voluntary
companies are also diversely focused on enhancing people living standards by providing
them cost free services, also to keenly focus on new functional competent informatively.
The voluntary companies are widely formed on ethical reach of services and also to
potentially bring on wider domains growth among operations for consumer’s services
satisfaction (Fuciu, 2019). British Red Cross employs nearly 4,000 people where they
work in UK and people to help where volunteers have been working productively for
stronger scale functional expansion.

LO2
P3 Relationships of organization functions and their link to objectives and structure
The relationships of organization functions and their link to larger working objectives and
structure can be identified as widely essential where there are varied new growth parameters
profoundly working on among business enhanced vision. Stronger formation of organization
functions bring on competitive diversity and also technially evolve on keen parameters of
revenue growth and consumer goodwill.Asdaas one of the biggest public company focus on
developing stringent innovation within organizational functions and link them to higher profits,
which can be analyzed as follows (Luiz, Ganson and Wennmann, 2019).
The organizational structure of Sasinsbury is hierarchical which shows there are series of
levels of people, level above controls within each level for generating coordination among
various parameters. Production and finance: The production department function is widely correlated with
research and technology investments for bringing on varied reach of large resources, up
scaling capital to form competitive domains within products and services. It can be also
analyzed that production and finance departments interrelation have dynamic determinant
role to play among business avenues, for scaling its larger new products and
services.Asdahas been profoundly focusing on expansion of production and finance
functional role efficacy where stronger work performance enhances vision, long term
scale growth diversity and also to form larger new dynamic growth. Production and
finance as one of the most important function is operated within hierarchical structure by
evolving towards dynamic work goal operations. Structure also brings on larger vision
oriented operational work goals for keeping up competencies effectively. Marketing and sales: The interrelationship between marketing and sales departments can
be also analyzed as one of the widely dynamic and competitive aspect which enables
business domains to actively be diversified within new horizons It can be also analyzed
that by focusing on marketing and sales role companies are widely focusing on enriching
consumers oriented services within new quest goals. There has been constant diversity
demanded within digital marketing parameters of retail industry where there are new
range of functional innovation coming on by TESCO. By bringing on innovation within

marketing and promotion through digital platformsAsdaaims to be profoundly moving
ahead within retail competitive aspects and also to leverage higher functional role of
efficacy among new developed scenarios. The hierarchical structure brings on role of
marketing and sales role informatively within fundamental competitive benchmarks for
keeping up with wider work growth targets actively.
 Human resource and finance: The prominent role if of HR department to train all
employees with best skills informatively and also diverse range of dynamic services
competitively for enhancing vision perspectives widely. Finance and human resources
have dynamic working efficacy where finance department plays the role of further
investment planning and operational paradigms for quick evolution of new market
synergy, keeping workforce motivated and also keenly evolving on new arenas of wider
efficacy on larger horizons.Asdaby building stringent focus within diverse HR
parameters and finance functional scale growth aims to be competent, also keenly be
technically varied within business horizons (Gaganis,, Pasiouras and Voulgari, 2019).
Human resources within hierarchical structure are working with wide range of
coordination, stronger vision oriented aspects and to imperatively bring forward
functional scale wide efficacy synergies.
LO3
P4 Positive and negative impacts of macro environment
The macro business environment can be understood to be widely dynamic and highly
growing within competent range of functional horizons where there are varied new competent
paradigms developed on. There are various positive as well as negative aspects of macro
business environment which shall be analyzed by focusing on informative growth goals, and
by using PETSLE analysis. Pestle analysis tool will enable to gain deeper insights on new
competitive domains where Asda has to widely focus on for potentially entering on wider
domains of functional strength, higher efficacy among market domains. Asda aims to focus on
larger new arenas within public competitive industry. Asda and Ikea pestle analysis
comparison will enable detailed functional growth towards, which productively bring
competent scope for larger scale growth.

Asda IKEA Political factors:Asdawith varied
range of global expansion has to
actively focus on political stability
factors within varied countries
scenarios for upgrading its diverse
range of larger productive services
and enhanced goodwill, revenue
targets informatively. With
BREXIT implementation the
imports, exports of ASDAhas been
widely impacted where there shall
be further strategic development
formed to be widely competitive
and also form higher technical role
with rising tax prices, interest rates.
The political growth efficacy shall
be strategically planned by Asda
for more informative functional
reach among consumers.
Political factors: IKEA for further
political stability has to evolve on best
international political working scenarios,
wider scale competent stability in business
world.
 Economic factors: The range of
economic scenarios among
countries business growth has
strong role to play among business
efficacy goals where the economic
stability and strategic vision
formulation. Among wider long
term reach is highly essential for
Asda business competitive
domains where aims to potentially
Economic factors: IKEA needs to focus on
economic scale diversity by strengthening
goods, services pricing policies and evolve
on wider productive economic range.

focus actively. The economic
strength plays large role to develop
competitive role for keeping up new
functional strength diversity and
also productively bring on
competent informative growth goals
(Newman,, Tarp and Trifkovic,
2020).
 Social factors: The new
consumer’s preferences shall be
analyzed to bring on wider
innovation among consumers
advanced efficacy standards, where
new profound functional growth
shall be competitively framed on.
The social factors are also
competently stronger within
informative dynamic industry goals
on which Asda has business
expansion opportunities further and
also larger new domains goals
reach. The social factors are widely
essential for higher informative
growth goals of goodwill rise and
wider revenue targets within
business horizons.
Social factors: IKEA has to form wide
range of customer oriented products and
services as per social determinants, for
emerging towards competitive business
world.
 Technological factors: There shall
be also competitive rise on
Technological factors: Bring on
investments within new technologies in

technology grounds investments by
larger investments building on
among keen targets, where new
innovation scale and goodwill can
be profoundly enhanced.
Technology factors have wide
active functional strength to be
played on among new informative
scale efficacy and higher keen
growth among corporate scenarios
actively.
production and marketing departments
 Legal factors: The legal factors can
be also analyzed as highly strong
and widely functional for keeping
up targets at frame and to keep up
new informative scale diversity
among business horizons for
leveraging wider keen scenarios
where legal factors compliance
shall be done. Asda shall also
competitively focus on legal
strength development where there
are new domains to be enriched, for
active functional scale efficacy and
keen profound scale growth which
enables business to be competently
stronger further.
Legal factors: Higher legal factor stability
 Environment factors: The new
profound focus on CSR activities
Environmental factors: CSR following
and evaluating towards the best sustainable

and environment factors enable
business to widely expand on new
horizons of market reach, and
potentially determine new scale
efficacy profoundly which brings
on leveraging goals diversity. It
bring on wider focus on building
environment strength among
consume, also competitively focus
for consumers enhanced vision
widely among new horizons which
is positive strength within macro
business environment impacting
Asda further on larger domains.
products' development.
LO4
P5 Internal analysis and identification of strengths and weaknesses
The internal analysis and identification of strengths, weaknesses enable business
development widely where there are varied parameters of innovation competencies worked on
for bringing on keen efficacy within longer time frame and also to evaluate larger ne innovation
actively. SWOT analysis is widely essential for generating in depth analysis within working
parameters for framing higher profound new goals productively:
IKEA and Asda SWOT ANALYSIS comparison
Asda IKEA
Strengths: The internal strengths of Asda is
based on working domains where quality
of products and services are stronger
Strengths: IKEA has strength of wide rage of
products and services under portfolio, which
makes it one of the best brand within global

focused on dynamic innovation formation,
to productively excel on larger informative
grounds and also scaling up products range
widely. This has been found to be widely
enabling business competencies to be
worked on strongly for larger new
profound functional scale goals profoundly.
The strength of informative goals within
management has also been found to be one
of the strength, by which new potentialities
can be exercised further for keeping up
informative scale profoundly active on
commercial growth aspects (Sinha, 2020).
retail industry.
Weakness: There is weakness of larger
new competitive domains in Asda coming
on within global retail industry on which
there is higher demand of larger scale
competencies worked on, where there shall
be profound growth worked on. Innovation
is less among products and services, where
there is less focus on consumer’s
preference services and products variably,
also the new competitive factors coming on
to be informatively active and also
pertaining higher revenue targets. This has
been impacting negatively on business
aspects where there are varied new
demands coming on among larger profound
goals variably and also focus for bringing
 Weaknesses: IKEA faces weaknesses
of larger competition impacting
revenue parameters, goodwill among
brands and to bring on innovation
among products..

on dynamic goodwill profoundly.
Opportunities: There is further business
opportunity to bring on news scale
competencies within business efficacy
goals for wider new innovation scale goals
completion, also to form higher strategic
investments to be active on larger scale
primitive paradigms. There is larger scale
business opportunity to bring on strategic
vision actively among larger competitive
scenarios on which innovative goods and
services shall be formed on further. It can
be also an analyzed that Asda has keen
active opportunity for also using digital
platforms for wider consumer’s market
reach and also promoting new keen
parameters for keen active goodwill goals
(Ślusarczyk. and UL HAQUE, 2019).
 Opportunities: IKEA has opportunities
to bring on further competitive market
strength, innovative business
development and evolving towards
higher revenue targets.
 Threats:Asdafaces threat from internal
less skilled employees and less
technical working standards within
varied domains of production goals and
new informative profound larger new
innovations are lacking majorly. It can
be also analyzed thatAsdahas large
scale external business competitive
scenarios raising larger new innovation
scale efficacy where there is differing
 Threats: Larger technology
investments demanded in production
and marketing departments

paradigm among company present
working culture. Also the old scale
technical standards are hindering
growth efficacy widely for keeping up
the connective growth among keen
parameters, where there shall be larger
focus developed on to be kept on
further for emerging scenarios at
development.
P6 Strengths and weaknesses interrelation with external macro factors
The internal strengths, weakness of companies working abilities have high diverse
interrelationship reach among working metrics for keeping new scale active on larger grounds
and new profound work growth goals to be competitively active on larger grounds (Vo, X.V.,
Nguyen and Vu, 2020). Strengths and weakness of Asda shall be planned further for bringing on
external macro factors strengths, dynamic working reach among consumers and also functionally
be prominent among new competitive efficacy goals widely. The vision oriented efficacy to keep
up strengths and weakness widely correlated among external macro factors bring on new scale
technical growth goals, revenue targets and goodwill horizons.
External factors correlation with strengths can be analyzed by bringing dynamic focus on
wider scale competent surge within products, services where higher scale capital
structure can be used to evolve on technology goals. Wider competitive marketing
among global domains and for functional advancement, to reach on best benchmarks.
External factors such as higher competitive business growth rise, impact towards bringing
new scale business opportunities where the threats of higher competition among industry
can be worked on.

 Asda strengths of larger capital structure and goodwill among consumers shall be used to
expand further among new scale innovation, higher scale efficacy among innovation of
products and services and also to yield active strength for building larger new profound
work growth aspects. This factor will enable external competitive demands within
industry to be addressed strategically where there are varied new competencies worked
on which will enable business to enhance its reach. There is also wider business
expansion required within digital platforms by using larger scale goal innovation and also
form larger working domains innovation actively. It can be also analyzed that Asda shall
also use management strength to work on training employees with new skills profoundly
among varied domains and form potential growth operational efficacy aspects, to keep up
active diversity among parameters. The external abilities shall be competitively formed
on among keen aspects for technical innovation and profound work growth goals
development within new horizons, also to essentially form informative growth aspects to
be evaluated further among competitive paradigms (Ślusarczyk and UL HAQUE,2019).
Strength of high range of capital enhances new functional scope for larger varied
competition based on external business domains, where there is varied growth ranging
towards new productive leveraged growth.
 Asda facing weakness within business domains in internal structure where there is wide
lack of innovation among working paradigms of products and services shall be developed
on further by bringing on new range of larger goals profoundly. There shall be usage of
capital to strategically build on wider productive efficacy among innovation horizons,
building on commercial worth for acknowledging larger functional growth goals
productively. There shall be further development on untapped arenas for commercial
growth diversity for keeping up targets widely expanded among new horizons, also to
form informative goals productively by forming informative growth on longer scale
profoundly. There shall be stringer vision functionally worked on for evolving on
management horizons and targets profoundly for up scaling larger goals actively among
business domains strongly. It can be also analyzed that Asda has varied new
competencies within global retail industry on which larger new innovation shall be
analyzed among new profound metrics to evolve on commercial competitive aspects
(Starinov, Tseveleva and Pershina, 2020).

The above discussed factors bring on varied domains of large essential role of
interrelationship between strengths, weakness with the varied external business parameters
where Asda has varied new goals widely to be optimistic on bringing new range of products and
services. There shall be stronger vision developed on among productive diversity of technology
efficacy for keeping up innovation active competitively, also upscale targets providently which
will enhance vision and working scenarios within new horizons actively.
CONCLUSON
The report has concluded detailed aspects of varied types of organizations which are
private company, public company and voluntary companies where public companies are widely
expanded among consumer’s market reach and shares being open for public to invest in. Private
companies do not put on shares among public and only shareholders have right to take decision
and voluntary companies are organizations where services are free of cost for enhancing larger
living standards for people. The report has concluded varied interrelationships between
departments of company and their impact on overall goals for revenue and growth of goodwill.
The study has also concluded external analysis and internal analysis factors and its impact on
Asda (Public company), for bringing on keen new goals innovation and upgrading larger scale
efficacy for stronger goodwill standards within competitive retail industry domains. The study
has also concluded detailed analysis of interrelationship between companies internal and external
business aspects, for technical growth goals and larger new innovation demanded among retail
industry operations. The study has concluded business context functional growth diversity within
various companies based on size, scope and working avenues productively having varied range
of new profound impacts on revenue targets within business diversity aspects (Syazali,Putra and
Jermsittiparsert, 2019).

REFERNCES
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