Business and Business Environment Report: Types, Objectives, and Scope

This report provides a comprehensive overview of the business environment, exploring different types of organizations including public, private, and voluntary sectors. It delves into the legal structures of private and public organizations, comparing and contrasting their objectives, areas of operation, and scopes. The report also examines the distinctions between micro, small, medium, and large organizations, as well as the characteristics of transnational companies. Furthermore, it includes a stakeholder analysis, emphasizing the importance of understanding stakeholder needs in developing business strategies and policies. The conclusion summarizes the key findings, highlighting the importance of a healthy and positive business environment for organizational success, and references relevant academic sources.

(TASK 1)
Business and
Business
Environment

COVER CONTENT
 Introduction
 Different Types and Purpose of Organisation
 Different between organisation
 Size and Scope of different organisation
 Different Through Objectives
 Transnational Company
 Conclusion
 References

INTRODUCTION
 Business environment can be stated as process where
there are various kind of factors within the
surroundings which in turn has positive and negative
impacts on the process of business.
 There are various kind of factors which are being
impacted for functioning, growth, performance along
with objectives in number of ways.

Different types and Purpose of
Organisation
Public Sector
Private Sector
Voluntary Sector

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Public sector:Hierarchical structure is planned by the administrative body and they will produced incomes will be shared among individuals who are working. This section helps to provide food the vast majority of the work chances to people who are living in Joined Kingdom.

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Private sector: A few associations are set up with the intend to pick up incomes and for this, they have to pitch products and enterprises at commercial centre to purchasers. In late time, this has been dissected that various firms are upgrading rapidly and among them most extreme ventures are private in nature.

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Voluntary :In this kind of sector, entry will be taken by individuals as per their own will in order to attain the targets and objectives. In order to do that, they will be needing to do the planning along with entire issues which in turn shall be reduced for surrounding and workplace.

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Legal structure of private organization
Sole proprietorship: This kind of firm is being operated by an individual in
order to uplift the living standards. Person conducting the operations is liable
to bear loss and profits.
Partnership: Partnership is all about having two or more then two members
who comes under legal act with mutual agreement for attaining certain
objectives in effectual manner.

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Legal structure of Public organization
State government: Group formed with the motive of
handling the state issues along with bringing social
welfare is known as state Govt.
Central government: This is the sector which has the
main duty of regulating the country and thus it mainly
possess all kind of powers so that economy of country
can be improved.

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Legal structure of Voluntary organization
Unincorporated associations: In this, group of
individuals come to work together with a common
purpose which is to do various efforts in order to
benefit the public of society.
Incorporated organizations: These type of firms are
recognized by law and has a legal entity from its
directors.

Different Between Three Organisation
Basis of
Comparison
For Profit NPO NGO
Meaning Company set up
in this kind of
factor has aim of
attaining
maximum
amount of
revenue. This is
being done by
selling out
various kind of
products and
services.
This kind of
companies are
being registered
with the motive
of earning
revenue and thus
investing the
entire profit into
social welfare.
Certain products
and services are
being sold.
This sector can
be stated as non
governing body
which has the
focus on giving
social welfare.
This kind of
business mainly
operated by the
independent
people.

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Area of
Operations
This will be
limited or large
as well.
Limited Big
Objectives Drawing and
capturing the
attention of
people by various
kind of people
for the products
and services for
gaining profit.
Promotional
activities are
being done
within this sector
which are like
science, art and
commerce.
Bringing welfare
within the social
and economical
factors in order to
uplift the living
standards.