Business Environment Report - Regent College, HND Business

This report provides an overview of the business environment, focusing on different types of enterprises, including public, private, and voluntary sectors. It explores the purposes, legal structures, scope, and size of these organizations, using examples like Nestle, NHS, and Oxfam. The report also discusses stakeholders and their requirements. The analysis considers factors such as market trends, government regulations, and the impact of the business environment on organizational decision-making. The content covers essential aspects of business environment analysis, suitable for HND Business students and similar courses. The report references several academic sources to support its analysis.

BUSINESS
ENVIRONMENT
TASK 1

Content
 Introduction
 Various types and purpose of enterprises
 Scope and size of different organisations
 References

Introduction
Business environment is known as mixture of various external
and internal component that affect the decision and actions
taken by entity. Change in technology, clients, suppliers,
government, market trends and regulations all come under
this.

Various types and purpose of enterprises
Different type of enterprises work in business environment but
mainly firms are divided into three type such as private,
voluntary and public. Every business entity has its own
objective, legal structure and purpose which make it different
from the other one.

Continued...
Public limited company:
These are the business firms
whose control remain in the
hands of government and
these are formed under
company law of nation.

Continued...
Private limited company: Companies that are controlled by
private hand or individuals are come under the category of
private firm. These firms does not have the opportunity to
sales its shares on public stock market. Government of nation
imposed so many restrictions on these type of firms.

Continued...
Voluntary sector- These type of enterprises carry out various
operations and take different decision for betterment of
individuals living in society. It is also known as non profit
firms.

Scope and size of different organisations
Mainly there are three different type of enterprises known as
private, public and voluntary. Nestle, NHS and Oxfam are the
example of all these type of firms. Scope and size of operation
of these entities remain different form each other due to
difference in their purpose and objective.

Continued
Size of Nestle: This is a firm
that deal in different type of
food and drink products.
On the basis of revenue
generation, this is the
largest food firm in world.

Continued
Size of NHS: This is a public enterprise based in United
Kingdom that offer various health related services to its
customers. It also operate in various countries such as Ireland,
Wales, England and many more.

Continued...
This concept is use by entity to
identify the major
stakeholders and their
requirements. Government,
customers, investors and
suppliers are the major
stakeholders of Nestle.

References
Klapper, L., Lewin, A. and Delgado, J.M.Q., 2011. The impact of
the business environment on the business creation process.
In Entrepreneurship and Economic Development (pp. 108-
123). Palgrave Macmillan UK.
Krishnan, A., 2013. Culture As a Successor of Quality Initiatives:
A Review. International Journal of Social Science. 2(1).
p.53.
Love, V.J., 2011. Private company accounting: A concept whose
time has come. The CPA Journal. 81(2). p.16.