Impact of Business Environment on Organizational Operations

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Added on  2023/02/02

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This report provides an overview of the business environment and its impact on organizational operations. It begins by defining the business and highlighting the importance of environmental factors. The report then discusses various types of organizations, including public, private, and voluntary firms, and their respective characteristics. It explains how these organizational structures influence operational strategies. Furthermore, it emphasizes the importance of organizational structure in planning business activities and maintaining operational efficiency. The report concludes by summarizing the key takeaways and providing references to support the analysis. The report also includes examples of different types of firms like Tesco, H&M, and Oxfam to illustrate the concepts discussed.
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Business and the
Business Environment
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INTRODUCTION
A business is a financial process that includes the proper development of
product or services and sell them with the suitable purpose of generating
high amount of revenue and customer's. This is deeply influenced by the
environmental factors that will impact the operations and thus, will help in
proper assessment of business operations and other activities that will help
in improving the sales and thus will guide various organisations to place
their functionalities.
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Types of organisation
In a market, a wide variety of organizations operate that helps in the proper
management of the operations and thus, will lead to the setting or following
of different operation's that will help in improving the overall performance
of the organization.
Public limited firm
Private Firm
Voluntary firm
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Public firm
These are the organization's which operates with the governmental support
and thus, will look after the providing of good quality services to the
customers without any special focus upon the revenue generation of the
firm. For Example, Tesco plc.
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Private Firm
This are the privately owned enterprise, that are owned by a single person or
a family. Their main objective is to provide high quality services to their
customers and thus will help in improving the sales and revenue of the
organisation to a greater extent. For example, H&M.
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Voluntary firm
This are the organizations that operates for the welfare and betterment of the
people and thus, will lead to the proper management of people or public
welfare operations that are been undertaken by the firm. For example,
Oxfam.
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Carrying out various function within the
organisation
On the basis of these assessments, It can be said that organizational structure
supports proper planning of business operations and activities. It will help in
proper rise in maintaining the facilities that will help an organisation,
regardless to industry or sector in which they operate.
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Conclusion
On the basis of this assessment, this can be said that the proper assessment
of different organizations will help in proper planning of the operations and
this will lead the organization to have a good execution of operations as per
the organization structure of a firm.
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References
Meyer, K. and Peng, M.W., 2016. International business. Cengage Learning.
Prajogo, D.I. and Oke, A., 2016. Human capital, service innovation advantage, and business
performance: The moderating roles of dynamic and competitive environments. International
Journal of Operations & Production Management, 36(9), pp.974-994.
Green, J.M., Cranston, G.R., Sutherland, W.J., Tranter, H.R., Bell, S.J., Benton, T.G., Blixt, E.,
Bowe, C., Broadley, S., Brown, A. and Brown, C., 2017. Research priorities for managing the
impacts and dependencies of business upon food, energy, water and the
environment. Sustainability science, 12(2), pp.319-331.
Laursen, G.H. and Thorlund, J., 2016. Business analytics for managers: Taking business
intelligence beyond reporting. John Wiley & Sons.
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