Analysis of Business and Business Environment Report (HND)

This report analyzes various types of organizations within the business environment, including private, public, and voluntary sectors. It explores the objectives, vision, mission, size, and scope of these organizations, using examples like STEMCOR and BSC. The report also covers legal structures and the interrelationship of different functions within an organization. It examines how these organizations operate in the international market, aiming for profitability, social impact, and sustainable growth. The analysis includes details on their operations, employee numbers, and partnerships, supported by academic references. This assignment fulfills the criteria by explaining different organizational types, purposes, and scope, providing a comprehensive understanding of the business landscape.

BUSINESS AND
BUSINESS
ENVIRONMENT
TASK 1

P1 Analysis of various kinds of
organization
• Private organizations: Those business enterprises which operates
their business with a most specific aim of achievement of more and
more profitability by utilizing the resources from the country. It will
also be considered as the organization that are owned and regulated
by private individuals or partnerships firms by investing their own
capital.
• Public organization: International business firms that regulates
there business operations with an aim of satisfying the needs of
people and achievement sustainable profitability by creating various
innovations in products and services

Cont...
• Voluntary organization: These business enterprises are
generally developed and regulated with an aim of satisfying the
social needs and resolving the problems of people rather than
maximizing the profits or increasing the market share. Further,
these are also considered as social business institutions which
are owned by some individuals or social groups of society and
develop unique products and services to satisfy the needs of
people and provide them various opportunities of employment
and growth.

P2 Evaluation of size and scope of different
organization.
Objectives of public organization: The main goals of these
enterprises towards regulation of business in international market is
to achieve success and increase the growth and development of
industry.
Vision: Analysis of BSC has determined that they are operating their
business with a Vision statement To become most successful
organization in steel industry across the countries and provide high
quality products and services to influence customers.

Cont...
• Mission: The authorities of BSC has formulated a important mission
of expansion of business in other countries in which they don't have
existence like China, India etc. They have an aim to develop their
plant in these countries in the span 5 years.
• Size and scope: After the privatization of economy, BSC has
achieved a strong brand performance in market and established its
business units in UK and also has its partnerships with the other
steel companies in other countries at international level. It has 200
partly owned subsidiaries and a manpower of 268,500 employees.

Cont....
Objectives of Private organization:
The main aim of private multinational firms is to maximize profits and
increase its market growth rate. In this context, STEMCOR is also
private organization which has achieved a high growth and revenue of
around US$10 billion in year 2016.
Vision: It is analysed that the vision of STEMCOR is “To be
recognised as world class leaders in structured steel and known for
a ability to deliver any project, to the highest possible standard.

Cont..
• Mission: As ambitious innovative leaders in a demanding and
continuous developing industry by using their own strengths and
resources to build the competencies required to deliver the
structure to future.
• Size and scope: STEMCOR is global market brand of steel
industry which current has its existence in around 45 countries
with 145 business units. It is leading independent service
provider in steel corporation that plays a vital role by
performing the task of intermediary between its customers and
suppliers.

Cont...
• Legal structures: From the analysis, It has been recognised that
the STEMCOR is operating its business in across 145 countries
with different legal structures like Partnership with other
companies, Business ownership and Joint venture for some
specific projects etc.
Objectives of Voluntary organization:
It has been recognised that these enterprises regulate there business
with an objective to improve the condition of people in society by
providing them employments and develops various policies to
introduce new products and services that satisfy the needs of people
and resolving there problems.

REFERENCES
• Sekaran, U. and Bougie, R., 2016. Research methods for business: A
skill building approach. John Wiley & Sons.
• Zott, C., Amit, R. and Massa, L., 2011. The business model: recent
developments and future research. Journal of management, 37(4),
pp.1019-1042.
• Halbert, T. and Ingulli, E., 2011. Law and ethics in the business
environment. Cengage Learning.

Cont..
• Wirtz, B.W., Schilke, O. and Ullrich, S., 2010. Strategic
development of business models: implications of the Web 2.0 for
creating value on the internet. Long range planning, 43(2), pp.272-
290.
• Zikmund, W.G., Babin, B.J., Carr, J.C. and Griffin, M., 2013.
Business research methods. Cengage Learning.

THANK YOU