Business Environment (Core Unit 1) Report - Regent College

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Added on  2023/02/03

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This report provides an overview of the business environment, focusing on the different types, sizes, and scopes of organizations. It explores the public, private, and voluntary sectors, detailing their purposes and legal structures. The report examines how factors such as customers, competitors, political, social, government, technology, and suppliers impact business operations and growth. It includes case studies of organizations like DCMS, IKEA Group, and Action For Children, analyzing their size and scope. The conclusion emphasizes the importance of evaluating internal and external factors to identify opportunities for business growth. The report is well-structured, with an introduction, table of content, analysis, and conclusion, supported by references. It addresses the assignment brief's learning outcomes by explaining different organizational types and their structures.
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Business
Environment (Task 1)
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Table of Content
Introduction
Different types of purpose of organization
Size and scope of different type of organization
Conclusion
References
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Introduction
Business environment is the combination of internal as well
as external factors which affects the business operations
and its growth. These factors can not be controlled by
organisation. It is important to analyse external factors for
identifying the opportunities that can be used by firm in
order to their advantage and complete business goal in
effective manner.
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Different types and purposes of
organisations
Business environment refers to the external
factors which can not be controlled by the
business but affects its functioning and
growth. These factors involves customers,
competitors, political, social, government,
technology, suppliers etc.
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Public Sector: Organisation under this sector
offers governmental services to citizen of the
country. In this economy is raised by the public
enterprise and public services which is further
used for improving the economic condition of
country.
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Purpose of the company- In this, organisation works with motive
of improving economic condition of country and focuses on
controlling some sectors in order to secure them. DCMS
contributes nation by using the earned income in nations and
also utilise the availability of resources in effective manner.
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Legal Structure-
Central government
State government
Local Government
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Private Sector: This sector includes the organisation whose
main purpose is to generate maximum profit and expand their
business at international level. Private sector organisation
contributes in the economic development of the country and
improve the employment level.
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Purpose of the company- Organisation of this sectors emphasise
on maximising its profitability by providing quality services
to its customers.
Major purpose of this organisation to expand its business
across the world.
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Legal Structure-
Sole proprietor
Partnership
Private limited company
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Voluntary Sector: Organisation under voluntary sectors works
for non profit earning motive. They concentrates on social
welfare and development of the society. Action for children
works for the young people, children's and their families in
order to provide them basic lifestyle.
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Legal Structure:
Cooperative society: It is collaborative society of same
community which avails benefits to its members only.
Trust: It is non legal firm or enterprise which is not involved any
of the agreement. It is managed by group of people which
helps in social causes.
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