Local, National, Global Business Environments: Comprehensive Report

This report provides a comprehensive overview of the business environment, focusing on local, national, and global business operations. It defines and differentiates between these levels, providing examples such as Marsh Field Bakery (local), Scottish and Southern Energy Company (national), and...Read More

INTRODUCTION
Business environment is the sum of the external things of
the industries and firms that affects the business
operations of the firm. The report will be covering about
the meaning of the local, national and global businesses
and meaning of private, public and third sector. The
presentation will also be covering about the brief
overview of local, national, global business by also
including the overview for the public, private and third
sector of the businesses. Later, the presentation will be
showing types of e-commerce marketplaces and market
structures.
BUSINESS ENVIRONMENT
Explanation of the local, national and global
businesses:
• Local business: this is the type of the business under
which the business operations are facilitated in own
city, town and the geographical boundaries. In this, the
selling and purchasing of the products and services are
done in the local boundaries.
• National businesses: this is the business in which
business operations are facilitated inside national
boundaries including moderate range of the customers
at national levels and providing with the variety of
commodities, goods and services.
• Global businesses: this is also knows as international
businesses. The business that facilitates its business
operations outside the local boundaries and provides
with the products and services in between the different
countries are called as the international businesses.
Local business:
• Marsh field bakery.
• Manufacturer of the good quality hand
made cakes, snacks biscuits and more of
seasonal goods.
• Operates in the food and drink sector.
• Located in the Dyrham, Wiltshire.
• Operates with around 45 numbers of the
employees.
• Facilitates its business operations in the
United Kingdom and Europe.
National business:
• Scottish and southern energy company.
• Operates in the energy industry.
• Headquartered in Perth, Scotland, United
Kingdom.
• Facilitates its business operations with
around 11691 numbers of the employees.
• Serves the areas of United Kingdom and
Republic of Ireland.
• Founded in 1998
Global business:
• HSBC holdings plc.
• Multinational universal banking firm.
• Founded in the 1865.
• Operates with its headquarter in 8
Canada square, London, England, United
Kingdom.
• Facilitating the business operations with
around 219697 numbers of the
employees.
• Serves the worldwide area with its
proper business services of the financial
fields.

Providing with the meaning of the different types of e-
commerce marketplaces;
Independent e-commerce marketplace:
• This market place focus on selling their
products to other businesses.
Buyer oriented e-commerce marketplace:
• This marketplace is run-ned by the
consortium of buyers.
Supplier oriented e-commerce marketplace:
• This is also known as the supplier directory.
Vertical and horizontal e-commerce marketplace:
• Provides with the vertical and down segment
of the business.
Providing meanings of the different types of the market
structures:
Pure competition:
• Defined by the large number of small firms
competing against each other
Monopolistic competition:
• This structure is same as the pure
competition structure but firms competing in this structure
sell highly differentiated products.
Oligopoly competition:
• This is dominated by the lower range of
firms making it less competitive structure.
Pure monopolistic competition:
• This structure is there when there is no
proper competitor and the entire market is controlled by
single firm.
REFERENCES
Books and Journals
Bhagra, A. and Sharma, D.K., 2018. Changing paradigm of
employability skills in the global business world: A review. IUP
Journal of Soft Skills, 12(2).
Boehm-Tabib, E., 2022. Welfare State and Neo-Liberalism:
Conceptual and Practical Gaps Regarding the Issue of Poverty
between the Governmental, Third and Business Sectors. Journal of
Poverty, 26(1), pp.32-51.
Christian, Y. and Utama, Y., 2021, August. Issues and determinant
factors of customer feedback on e-commerce (e-marketplace). In
2021 International Conference on Information Management and
Technology (ICIMTech) (Vol. 1, pp. 234-239). IEEE.
Kawa, A. and Wałęsiak, M., 2019. Marketplace as a key actor in e-
commerce value networks. LogForum, 15(4).
Politis, Y. and Grigoroudis, E., 2020. Defining the weights of the
EFQM excellence model criteria for different business sectors-a
multicriteria approach. International Journal of Productivity and
Quality Management, 31(3), pp.295-318.
Robison, L., 2021. Alternative Forms of Business Organizations.
Financial Management for Small Businesses, 2nd OER Edition
CONCLUSION
The above presentation
on the business strategy have
concluded about the meaning of the
meaning of the local, national, and
global business. The presentation also
shows about the meaning of the
private, public and third sector and
brief overview is given in the context
of all in the presentation. The
presentation also concludes about the
meaning of different e-commerce
marketplace and different market
structures.
Explanation of the private, public and third sector of
business;
Private sector business: in this, the private sector is the part
of the economy that is operated by the individuals and
companies for the profits and is not under the control of the
state.
Public sector: this is the sector of the business that is owned
and managed by the governmental bodies.
Third sector: this is the voluntary sector that consists of the
sector of the realm society undertaken by the organization
that operates for charities and not for the profits.
Providing an example and overview of the
public, private and third sector:
Private sector business:
• Pent land group.
• Operates in the textile and
footwear industry.
Public sector business:
• Bank of England.
• Operates with its headquarter in
Thread needle street, London, England, United
Kingdom.
Third sector business:
• British heart foundation.
• Formed in 1961..