Business Environment Report - Business Module, University, Semester 1

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Added on  2023/03/20

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This report provides an overview of the business environment, focusing on different organizational structures and their characteristics. It explores the public, private, and voluntary sectors, highlighting their distinct features and operational models. The report examines the roles and functions of these sectors, including examples of companies within each, such as British Telecommunications (BT) in the public sector and Cadbury in the private sector. Furthermore, it discusses the importance of adapting strategies to the changing business environment to achieve long-term goals. The report also includes references to relevant academic sources, such as studies on co-innovation and strategic choices in competitive environments. The report concludes by emphasizing the need for businesses to continually adapt to market changes.
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Business
Environment
Task 1 and 2
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Table of Content
Introduction
Different type and purpose of organization
Size and scope of different organization
Conclusion
References
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Different type and purpose of
organization
Public sector organization:
In this type of sector, most of
agencies runs by government.
These type of agencies mostly
works to improve
standardisation of nation
people.
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Private sector: Any individual
or a group may form a
company which aims to
make profit. They makes
products and provide
services to consumers in
order to enhance the living
standards of them.
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Voluntary sector: This
type of firms usually
works in order to improve
living standards of people
who are in need. They
deliver goods and
services to persons
without expecting
monitory from them.
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Size and Scope of different type of
organisation
Public sector: British telecommunication is one of the
leading companies in United Kingdom and is providing
services in fixed line, mobile and broadband. Apart form this
they also give subscription television and IT services. BT
group was established in the year 1846 and gradually has set
its network across the globe.
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Public sector: Cadbury is a British confectionery company
which is operating its business in around 50 countries
worldwide. Organisation was founded by John Cadbury. They
have approximately 10 manufacturing plants in which 71,657
workers are working day and night so as to give us the best
quality products.
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Voluntary sector: Oxfam is a non governmental organization
that works independently for the betterment of people. Its
headquarter is situated in England and their main motive is to
give services in order to eradicate poverty.
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Conclusion
Changes can be seen in business environment at marketplace.
Thus, it is highly important for them to organisations to keep
on making alterations in their strategies and plans so that to hit
their targets for a longer period of time in much effective
ways.
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References
Lee, S. M., Olson, D. L. and Trimi, S., 2012. Co-innovation:
convergenomics, collaboration, and co-creation for
organizational values. Management Decision. 50(5), pp.817-
831.
Rossi, M., Vrontis, D. and Thrassou, A., 2012. Wine business in a
changing competitive environment–strategic and financial
choices of Campania wine firms. International Journal of
Business and Globalisation. 8(1), pp.112-130.
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