HND Business: Analyzing Business Environment, Scope, Purpose & Firms

This report provides an overview of the business environment, focusing on the scope, purpose, and types of firms, including private, public, and voluntary sectors. It discusses the aims of various organizations, such as private firms aiming to increase sales and earn profit, public firms using taxes to improve resources, and voluntary organizations involved in philanthropic work. Examples of organizations like McDonald's, Tesco PLC, and the British Heart Foundation (BHF) are used to illustrate the size and scope of different types of organizations. The report also includes references to relevant academic sources.

Business Environment
Scope, Purpose and Types of
Firms

Table of Content
• Introduction
• Aim of various organisation.
• Size and Scope of organisations.
• References

Introduction
Business: Commercial, industrial or professional activity.
Business Environment includes external and internal factors.

Aim of various organisation.
Private:
Owned by private individuals;
Objective: To increase sales and earn profit;
Financed from the personal savings and bank loans.
Example: McDonald.

Continued...
Public: Controlled and handled by government;

Continued...
Taxes are used to run these firms
Objective: To use the resources of the country in better way
Defence and Infrastructure
Example: Tesco Plc.

Continued...
Voluntary:
NGO's, charitable firms and pressure groups;
Involved in philanthropic work;
Example: British Heart Foundation(BHF).

Size and Scope of organisations.
McDonald's:
Fast food restaurant chain
36,900 outlets in over 100 countries
Burgers, chicken, French fries, soft drinks.

Continued...
Tesco PLC:
British multinational grocery and general merchandise
retailer;
In UK it has 3739 stores;
Foods including ready meals are the finest growing areas;
Market share is expanded into UK with 28%.

Continued...
British Heart Foundation (BHF):
Charity organisation;
Funding more than 1000 research projects;
950 BHF healthcare professionals caring for the UK
patients.

References
Teece, D.J., 2010. Business models, business strategy and
innovation. Long range planning. 43(2). pp.172-194.
Welford, R., 2013. Hijacking environmentalism: Corporate
responses to sustainable development. Routledge.

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