Unit 1: Business & the Business Environment

Unit 1: Business & the
Business Environment
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Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................4
P1 Explain different types and purposes of organisations; public, private and voluntary sectors
and legal structures......................................................................................................................4
P2 Explain the size and scope of a range of different types of organisations.............................6
TASK 2............................................................................................................................................8
P3 Explain the relationship between different organisational functions and how they link to
organisational objectives and structure.......................................................................................8
TASK 3............................................................................................................................................9
P4 Identify the positive and negative impacts the macro environment has upon business
operations, supported by specific examples................................................................................9
TASK 4..........................................................................................................................................11
P5 Conduct internal and external analysis of specific organisations in order to identify
strengths and weaknesses..........................................................................................................11
P6 Explain how strengths and weaknesses interrelate with external macro factors.................13
CONCLUSION .............................................................................................................................14
REFERENCES .............................................................................................................................15
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INTRODUCTION
Business environment is the sum or collection of the all kinds of internal and external
factors which directly contributes in organisational development and enhancement such as
employees, customer needs and expectation, innovation in technology and many more.
Respective factors directly affect the functions of an organisation in order to gain optimum
outcomes. This report is based on the Next Plc which is a British multinational clothing,
footwear and home products retailer in the whole world. It has around 700 stores in the UK
marketplace which is the private organisation. As per the brief the public sector organisation
NHS and voluntary organisation is Oxfam. This assignment is based on the Types and various
purposes of the organisation such as public, private and voluntary organisation with their legal
structure and their size and scope. Further it elaborates the different organisational functions and
their relationship with the organisational objectives and structures. In order to evaluate factors of
environment it is very much essential to evaluate the internal and external with micro and macro
factors in order to identify the various factors with their correlation with one another.
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TASK 1
P1 Explain different types and purposes of organisations; public, private and voluntary sectors
and legal structures.
There are majorly three kinds of business organisation existed that serves the various
purposes or goals in order to remain always competitive in marketplace that are as follows:
Private organisation:
Private organisation is any kind of partnership, cooperative and agency which not
controlled or coordinated with the help of public sector or government organisation (Quinlan
and et.al ., 2019.). Respective assignment covers as private organisation Next Plc that are very
much important organisation in serving needs and wants of consumers that are as follows:
Purposes:
Mission and vision:
Their mission is to meet the consumer experiences by providing one of most innovative,
beautifully designed with excellent quality of products by creating the environment that helps to
attract, retain and inspire the right people at work place (Next Plc- Company profile, information,
business description, History, Background information on Next Plc, 2019). they always by
focusing on consumer needs and wants build products in order to gain potential outcomes in
positive manner for gaining sustainability.
Objectives:
The primary financial objective of Next Plc is to deliver long term returns to the
shareholders by using sustainable growth strategies in order to remain competitive in
marketplace.
Legal structure:
Private organisation follows the structured kind of legal structure in order to gain
optimum kinds of objectives that are as follows:
Sole trader:
Sole trader is a one-person business that commonly found in trade that only required
small amount of money or finance (Trad and Kalpić, 2019.). The examples of such kind of legal
structure organisation are hairdressers, news agents, market traders and many more.
Public limited company:
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