Business Environment Report for Business Development Course

This report analyzes the business environment, exploring both internal and external factors that influence business operations. The report defines key terms, discusses the differences between public, private, and voluntary sectors. It examines the size and scope of business organisations. The report uses case studies of NICE, Marks and Spencer, and Oxfam to illustrate the application of these concepts, including stakeholder analysis. The report concludes that the business environment encompasses various factors impacting organisations and that there are different sectors in which organizations operate. The report also provides references for further reading. This report is a valuable resource for students studying business development.

Business Environment

INTRODUCTION
 Business environment is mainly composed of two words
'Business' and other is 'Environment'.
 Business means human activities such as manufacturing,
buying or extraction or sales of goods and services which
are performed in order to earn money.
 At the other hand, environment refers to the aspect of
surroundings.

Different types of organisation
 Public sector organisation
 Private sector organisation
 Voluntary sector organisation

SIZE AND SCOPE OF VARIOUS KIND OF
FIRMS
 There are numerous organisation which operates in
different sectors and are governed by different parties
and individuals such as private, public and voluntary
sectors and they differentiate from other organisations on
the basis of its size, scope and concept of business.

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Size of SME
The small business has less than 10 employees in a firm
whereas a medium organisation consists of 250 members.
But a large organization has more than 250 employees.
Scope of business operations
A business has vast scope for its growth in its relevant field
such as voluntary organisation can maximise its resources
for the well fare of human beings. Private firms can expand
its business in order to increase the profit through exploring
its sales in other areas.

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Stakeholders analysis
It is technique which used to identify and analyse the
interested keyholders of the project. This is crucial
because it develops a strategical point of view of every
party and establish a mutual understanding among them in
order to achieve the goals of the organization.

NICE
 NICE is a public company which provide health care
services to people and clinical treatments and take care of
patients.
 They also make them aware about deadly diseases and
necessary precautions which they can follow easily to
prevent form particular diseases.

MARKS AND SPENCER
 Marks and Spencer is a multinational retail shop which
was founded in 1884 and it is headquartered in London,
United Kingdom.
 It is established in order to provide designer clothes, home
products, food products, etc.

 Size: Marks and Spencer is private firm which has
headquarter in UK. Company has branches worldwide
which helps management to have large market reach and
customer base. This helps company to make revenue of
£10.6 billion.
Scope: M&S objective is to provide quality products and
services to people.
Stakeholder's analysis: Marks and Spencer has arround
85, 000 workers which helps firm provide products and
services to people.

OXFAM
Oxfam firm is basically a charitable trust which provides
different services to needy people and help them in
overcoming their problems.


Size: Oxfam is international non-governmental
organisation which has branches worldwide.
Scope: Oxfam scope is to reduce poverty, relief country
from disaster and immigration
Stakeholder's analysis: Oxfam investors, employees,
suppliers, customers, executive and other people which are
related to organisation.

CONCLUSION
 From other report, it can be concluded that business
environment consist of internal and external factors which
impact both positive as well as negative effect on
organisational operations.
 There are different sectors in which organisation operate
and they are public, private and voluntary sectors.

REFERENCES
 Pearson, R., 2017. Business ethics as communication ethics: Public
relations practice and the idea of dialogue. In Public relations theory (pp.
111-131). Routledge.
 Clarke, G., Li, Y. and Xu, L.C., 2016. Business environment, economic
agglomeration and job creation around the world. Applied Economics.
48(33). pp. 3088-3103.
 Crane, A. and Matten, D., 2016. Business ethics: Managing corporate
citizenship and sustainability in the age of globalization. Oxford
University Press.