Business Environment Analysis Report - Module Name, Semester Details

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Added on  2023/03/16

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This report provides an analysis of the business environment, emphasizing its dynamic nature and the importance of understanding it for effective management. It explores various legal structures of business organizations, including private, public, and voluntary organizations, with a focus on private organizations like Nestle. The report examines the purposes and scopes of different organizations, using examples of Nestle, NHS, and Oxfam to illustrate how these factors influence their operations and contributions to society. It also highlights the significance of these organizations in economic growth and development. The report concludes by reiterating the importance of environmental analysis for businesses and provides a list of relevant references.
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Business Environment
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INTRODUCTION
Business environment is not stable in nature and get modify with each and every
course of time.
It is really essential to understand the dynamic environment in a better and
signified frame so that absolute outcome could be drawn.
Although, for managing various operations and aspects, managers of a company
have to understand such dynamic consideration properly for crafting strategies.
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LEGAL STRUCTURE OF BUSINESS
ORGANIZATION
It involves:
Private organisation
Public organisation
Voluntary organisation
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PRIVATE ORGANISATION
Legal structure of private organisation is mainly classified
into 3 types which are defined as follows:
Partnership
Sole proprietorship
Limited firms
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NESTLE
Purpose of firm:
Main purpose of company is to yield high profits by providing high quality
goods to customer.
To attract large number of customers by administering them products that
best satisfy their needs and wants.
To administer healthy goods to customers that provides them good health.
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NHS
Purpose of NHS:
To provide high quality services to public and helps them
in their healthy lives.
To work for society welfare along with earning profits.
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OXFAM
Purpose of Oxfam
Main purpose of these firms is to improve living standard
of society.
To remove poverty by helping needy people of society.
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SIZE AND SCOPE OF DIFFERENT
TYPES OF ORGANISATIONS
Different types of organisations have their different size and
scopes and play essential role in economic growth and
development of society.
Scope of firms includes diversified range of goods that firm
offers and size includes the areas where company perform its
operations.
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Conclusion
It get concluded from the project that business environment is
ever changing which get modify with each and every course of
moment.
It is really essential for managers of a company to determine
the environment in which firm operates so that better and
suitable working could get done.
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References
Asif, M., Searcy, C., Garvare, R. and Ahmad, N., 2011. Including
sustainability in business excellence models. Total Quality
Management & Business Excellence. 22(7). pp.773-786.
Bhaduri, G. and Ha-Brookshire, J. E., 2011. Do transparent business
practices pay? Exploration of transparency and consumer purchase
intention. Clothing and Textiles Research Journal. 29(2). pp.135-149.
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