BTEC HND Business and the Business Environment Report

Verified

Added on  2023/03/24

|14
|674
|78
Report
AI Summary
This report provides an analysis of the business environment, focusing on different types of organizations, their purposes, size, and scope. It explores the relationship between various organizational functions and examines the positive and negative impacts of the macro environment on businesses. The report includes internal and external analyses of organizations, highlighting the interrelationship between strengths, weaknesses, and macro factors like political, economic, social, technological, legal, and environmental influences. The report uses examples of public, private, and voluntary sector enterprises like TESCO, M&S, and OXFAM to illustrate key concepts. The assignment aims to provide students with a thorough understanding of the business environment and its impact on organizational operations and decision-making.
Document Page
BUSINESS
ENVIRONMENT
TASK 1
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Content
Introduction
Different types organisations and their purpose
Size and scope of different types of organisations
Relationship between various organisation functions
Positive and negative impact of macro environment on business
Internal and external analysis of organisation
Interrelationship of strength and weakness with macro factors
References
Document Page
Introduction
Environment in which an organisation execute its operation with
the aim of earning profit is known as business environment.
Number of elements exist in this which affect the activities of
firm that's why it become more important for organisation to
identify these factors and its impact on commercial activities.
Document Page
Different types organisations and their
purpose
One of the main objective of every business organisation is to
generate more amount of profit by offer effective products and
services to its customers. Number of department work in an
enterprise and perform various kind of activities.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Continued...
Public limited company: A
company which regulated
by government or whose
ownership remains s in
the hand of government is
knows as public limited
company.
Document Page
Continued...
Private limited company: Organisations which controlled by
the private hands of individuals or groups is knows a
private organisation. Innovative and featured products is
one of the main speciality of these companies which
attract large number of customers towards their product.
Document Page
Continued...
Voluntary sector- Firms which are formed with the aim of
doing social development of individuals is knows as
voluntary sector. These type of organisation focus to fulfil
basic needs of individuals so they can live a better life.
OXFAM is an example of voluntary sector who do efforts
to remover poverty from the world.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Size and scope of different types of
organisations
Public sector enterprise: TESCO is a public limited firm work in
grocery sector based in UK. Due to its big size firm generate
large amount of profits every year.
Private sector enterprise: M&S is private company which make and
offer variety of products to its customers.
Voluntary enterprise: OXFAM is a type of voluntary enterprise
who work for the social development of society and to remove
poverty from the world.
Document Page
Relationship between various organisation
functions
Number of functions are carry out by different organisations
to achieve their set objectives and targets. Effective
implementation of those activities is very necessary. In
order to capture a larger market share and to achieve
efficiency in its business operations it is very essential for
the mangers of M&S to effective execute its commercial
activities.
Document Page
Positive and negative impact of macro
environment on business
Business environment is aggregate of various internal and
external factors which largely affect the activities of a
business. Internal elements are those which remain inside the
organisation while external factors are those which exist
outside environment of a firm.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Internal and external analysis of
organisation
It is very necessary that manager of a firm should have detail
information about strengths and weakness of firm as this guide
and support him during the formulation of business plans and
strategies. With effective utilising its strengths M&S can get
various advantages over its rivals.
Document Page
Interrelationship of strength and
weakness with macro factors
Political factor
Economic factors
Social factors
Technological factors
Legal factors
Environmental factors
chevron_up_icon
1 out of 14
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]