Business Environment Report: Analysis of Arcadia Group Ltd. in UK

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This assignment provides an analysis of the business environment surrounding Arcadia Group Ltd., a British multinational retailer. It categorizes business organizations into three types: public, private, and voluntary sectors, providing examples such as the Department of Cultural, Media & Sport (DCMS) for the public sector, Arcadia Group Ltd. for the private sector, and the National Trust for the voluntary sector. The report details the size and scope of these different organizations, including their mission and vision statements. The analysis concludes that the business environment plays a crucial role in the smooth operation of an organization, highlighting the importance of understanding the different sectors and their impact on business strategy. The report includes references to support its findings.
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Prepared by: Michael K. McCuddy
Published by: John Wiley & Sons Canada, Ltd.
BUSINESS
ENVIRONMENT
(TASK 1)
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CONTENT
INTRODUCTION
Various types and purposes of organisations
Size and scope of a range of different
organisations
Conclusion
References
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INTRODUCTION
Any business cannot exist in vacuum, it requires natural
resources, human beings and further things to operate
effectively.
As business environment means collection of all individuals
and units that may or may not be in under control of an
organisation.
The present assignment is based upon Arcadia group Ltd., its a
British multinational retailer firm which sells product lines
from the other group chains.
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Various types and purposes of organisations
On the basis of their types
and purpose, business
organisations are
categorised into three
parts, such as- public,
private and voluntary.
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CONTINUE...
Public sector - A pubic sector enterprise may be defined as
any commercial or industrial undertaking owned and
managed by the government with a view to maximise social
welfare and uphold the public interest.
For example – The Department of Cultural, media & Sport is
government authority which is responsible for sport and
cultural activities in UK.
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CONTINUE...
Private sector – These sector is usually comprised by people
who seek to generate higher profits and competitive
advantage. Organisations in private sector are usually free
from government ownership and control.
For example – Arcadia group is one of the private sector
organisation; it is known one of the leading fashion industry
in UK. In order to ensure continuous business operations
and customer loyalty, the firm emphasis on adopting
accurate and reliable data.
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CONTINUE...
Voluntary sector – These organisations are established to
create social wealth rather than material wealth.
For example – The national trust works towards protecting
cultural heritage of the country of a specific geographic
region.
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Size and scope of a range of different
organisations
Public sector organisation - It is established by the
government and its overall control rests with the minister.
For example- Department of cultural, media and sport for
leisure, tourism and creative industries, so as to sustain
excellence and promoting UK.
Mission and vision statement – The mission statement of the
DCMS is to give the Britain an unique advantage on global
stage by striving for economic growth and success.
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CONTINUE...
Private sector organisation – The sector has a crucial role in
improving economic system of the nation; if entails those
companies which runs by individuals or a group of people.
For example – Arcadia group Ltd., has its own and franchise
chain of fashion or retail stores and outlets across the UK.
Mission and vision statement – The mission statement of
Arcaida group Ltd., is to contribute towards sustainable
development of society and that creates a business
environment which attracts people.
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CONTINUE...
Voluntary sector organisation – It is usually comprised with
those organisations whose purpose is to benefit and enrich
society, often with profit as a motive and with little or no
more government intervention.
Mission and vision statement - The National Trust has been
the beneficiary of many large donations and bequests. The
main purpose of National trust is to look after special
places forever for everyone.
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CONCLUSION
As per the above discussion, it get analysed that business
environment plays an imperative role to running an
organisation smoothly.
There are various types of organisations, such as- public,
private and voluntary sectors.
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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).
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