Business and Business Environment (HND Level 4) - Task 1 Report

This report provides an overview of the business environment, focusing on different types of organizations and their purposes. It explores public, private, and voluntary sectors, detailing their characteristics and objectives. The report also analyzes the size and scope of various organizations, including their functions such as production, sales and marketing, administration, research and development, human resources, and finance. The analysis includes the legal structures of private organizations and the roles of voluntary sector organizations. The conclusion emphasizes the impact of internal and external factors on business operations and the importance of aligning business purposes with these factors. The report concludes with a list of references. This assignment is a part of the HND Business course at Regent College.

BUSINESS AND BUSINESS
ENVIRONMENT
(Task 1 – P1 & P2)

COVERED CONTENT
 Introduction
 Objective
 Different types of organisations and their purposes
 Discussion about the size and scope of different organisation
 Types of enterprise functions
 Discussion about the size and scope of different organisation
 Conclusion
 References

INTRODUCTION
Business environment explains that the internal and
external factors which impact on the way a company
Functions. It includes workers, consumers and management
to supply and demand business regulations.

Different types of organisation and its purpose
 Public sector organisation: It is owned by the
government.
 Private sector organisation: It is owned by an
individual or group.
 Voluntary sector organisation: It is formed by
groups to help people in need.

CONT...
Private sector organisation: These are those section wh
ich are owned and run by the private individuals.
Purpose: The aim of this sector is to earn maximum profit ,
increase the market share, concentrate on their growth rat
e, and increase their sales.

CONT....
Legal structure of private organisation: Here, the bu
siness has a separate legal identity. Each shareholder in
private company must be a part of business and under no
condition can any one shares be sold to the general publi
c.

CONT....
 Voluntary sector organisation - These groups do not
come under any individual people. They are someone who
are responsible for making sure that it achieves the target
and budget control.

Discussion about the size and scope of differen
t organisation
Public Sector and its scope size
Private Sector scope and size
Voluntary Organizations and its scope and size

Types of enterprise functions
 Production
 Sales and marketing
 Administration
 Research and development
 Human resource
 Finance

CONCLUSION
From the mentioned presentation it has been concluded
that various types of business are related to the change in
external and internal factors. Purpose of business should be
based on these factors.

REFERENCES
Ahmed, I., Aamir, M. and Ijaz, H.A., 2011. External factors and entreprene
urial career intentions; moderating role of personality traits. Internatio
nal Journal of Academic Research. 3(5).
Aterido, R., Hallward-Driemeier, M. and Pagés, C., 2011. Big constraints t
o small firms’ growth? Business environment and employment growt
h across firms. Economic Development and Cultural Change. 59(3). p
p.609-647.
Barnett, M. L. and Salomon, R. M., 2012. Does it pay to be really good? A
ddressing the shape of the relationship between social and financial pe
rformance. Strategic Management Journal. 33(11). pp.1304-1320.

THANK YOU!!