Analysis of Business and Business Environment - Report

This report provides an overview of the business environment, examining various types of organizations including public, private, and voluntary sectors. It explores their purposes, legal structures, and operational scopes at local, national, and international levels. The report discusses the importance of vision, mission statements, and business objectives, using TESCO as a case study to illustrate these concepts. It also highlights the significance of stakeholders in understanding market conditions and shaping company strategies. Furthermore, the analysis covers organizational and legal structures, emphasizing their role in ensuring smooth business operations and achieving growth. The report is supported by references to academic sources.

Business and Business
Environment

Content Covered
• Introduction
• Purpose and types of organizations
• Growth of international business environment
• Scope and size of various business
• Their vision, mission and business objectives
• Organizational and legal structures
• Information about their stakeholders
• References

Introduction
 Business is described as those places where group of employees are working
and sharing knowledge with each other and they are gaining financial
income in return.
 In today's economic world business plays an important role in life of each
individual as they are directly and indirectly having impact on needs of
person.

P1. Different types and purposes of
organisations
• Public sector
• Private sector
• Voluntary sector
• Legal sector

Public sector
The operation of this sector is owned and
running by government authorities. They
are classified under national economy of
country and they are helping economy by
providing monetary values.

Types of public sector
 Government company
 Public corporation
 Joint sector
 Development agencies
 Departmental firms

Private sector
Private sector: These sectors are operated
by group of persons who are having their
operation in economy. Government is not
having any interference in business
activities.

Private sector
Private sector: These
sectors are operated by
group of persons who are
having their operation in
economy. Government is
not having any
interference in business
activities.

Types of private sectors
• Sole trader
 Partnership
 Private limited
• Companies

Voluntary groups
These firms are also known as profitability index
and their overall operations are controlled by
firms which provide them financial support.
These includes community group, social welfare
agencies and multinational charities.

Legal sector
These business comprises of people who
are professional in their working like
layers, doctors, solicitors etc. There are
giving legal advices to people in order to
gain higher profitability and success for
business.

International business environment
The firms are making plans and strategies in
order to expand their business operations at
international levels. This is valuable for them
in order to achieve growth and success in
their overall ventures.