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.

P2 Size and scope of different
type of organisation
Profitable organization
Non profitable organization

Vision, Mission and business
objectives
Vision statement of TESCO is that they want to see
themselves at established positions
Mission is valuable in achieving strong positions at market
place.
There main objectives are related with achieving all their
plans and policies in desired time frame.

Cont...
 Local Level
 National Level
 International Level

Local Level
Local: These business are running in one
geographical unit and there owner is
single individual. They are providing
employment to group of people in that
area.

National Level
National: The business are execute on
regular time intervals. There operations
are settled and they are working for
gaining higher profitability.

International Level
International Level: There business
operations are executed all around the
globe thus they are able to achieve higher
profitability ratios in economy.

Stakeholders
Stakeholders are important persons who are
helpful in analysing the present market
conditions in order to make the company
manufacture products according to needs and
demands of customers.

Organizational and legal
structures
TESCO is following legal structures by following all plans
and policies which are useful in smoothly running all
their business operations. This results in achievement of
growth and development for firms.

References
Agarwal, R., Grassl, W. and Pahl, J., 2012. Meta-SWOT: introducing a
new strategic planning tool. Journal of Business Strategy. 33(2).
pp.12-21.
Aterido, R., Hallward-Driemeier, M. and Pagés, C., 2011. Big
constraints to small firms’ growth? Business environment and
employment growth across firms. Economic Development and
Cultural Change. 59(3). pp.609-647.
Auzair, S., 2011. The effect of business strategy and external
environment on management control systems: a study of
Malaysian hotels. International Journal of Business and Social
Science. 2(13).

Thank you