Business and Business Environment: Types, Scope, and Stakeholders

This report provides a detailed analysis of the business environment, examining various types of enterprises, including private, public, and voluntary organizations. It explores the purpose, legal structures, and operational activities of each type, with examples like Nestle, NHS, and Oxfam. The ...Read More

Task 1
Business and business
environment

Table of content
• Introduction
• Various types and purpose of enterprise
• Scope and size of different organisations
• Conclusion
• References

Introduction
In today’s modern era, it is important for individual to
examine all the factors which exist in business. Basically,
business environment is set of combination of internal and
external factors which largely affect the overall operational
activities of the company in both positive and negative
manner.

Various types and purpose of enterprises
Various types of business organization operate their
operational activities with their specific purpose. By this,
company easily attain their set goals and goals in appropriate
way. Along with this, business also having their legal
structure in which firm operate their activities accordingly.
Every business defines their objectives which is differ from
each other as company attain better results.

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Private business organization: When private individuals
operate their business with the aim of maximizing
profitability level of the company. These type of company
does not registered share. Along with this, they operate their
business for enhancing profitability level at market place by
delivering quality services to their customers.

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Purpose of company: Under this, the main purpose of Nestle
is to manufacturing quality services to their customers for
attaining higher success at market. In addition of this, they
also capture customer’s attention by serving them healthy and
quality products. This will aid in enhancing their productivity
level

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Legal structure
 Partnership
 Sole proprietorship

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Public business organization: This type of business operates
by legal authority in which they formulate number of rules
and regulation which may lead in improving overall
performance of the company at market place. In addition of
this, they operate their business with the aim of delivering
better services to its customers.

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Purpose of business: The main purpose of NHS is to
deliver better medical services to its customers as per their
needs and wants which may leads in attaining better success.
Along with this, company also use new and innovative ways
to improve overall performance of the company. This will
contribute in increasing the satisfied customers within the
business organization.

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Legal structure of company
Central government
State government
Local government

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Voluntary organization: These business operate their
activities for providing better social welfare with the aim of
enhancing economic condition by proving better services.
One of the main aim of this type of companies is to enhance
living standard of local people which directly contribute in
improving the economic condition of the nation.

Scope and size of different organisations
According to the current market environment there are differe
nt business organizations that are present in the society. They
are performing their task just to provide better services and fa
cilities to the people. Therefore, all these firms differ from on
e another in terms of size and structure. Apart from this, organ
izations can be further classified into three different categorie
s i.e. public, private and voluntary.

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Nestle
Size of Nestle: This Company is considered as one of the larg
est organization who has expanded its business in around 180
nations and it is growing on a rapid speed. They manufacture
goods as per the needs and wants of customers. Therefore, for
serving to maximum people they are providing variety of prod
ucts at a reasonable price so that every person of the society c
an afford them.

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Scope of Nestle: This company is making items that are differ
ent like food items, baby food and many more. Through this,
firm is trying to establish their business in more effective man
ner. As a result Nestle is a renowned company and most of th
e people trust this enterprise.

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Mission: Most of the company establishes their organization
with a main motive that they provide excellent services to its
clients so that loyalty can be sustained for a longer period of t
ime. Therefore, mission of Nestlé is to give superior quality p
roducts so as to grab the attention of maximum number of pe
ople.
Vision: The basic vision of the nation is to provide excellent
products along with nutrition so that customers can maintain
and live a healthy life.

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NHS
Size of NHS: This organization provides services to citizens
as it comes under public sector. Health and safety, medical fac
ilities come under this and they work for the betterment of the
citizens. They give facilities in number of places and countries
as well so that they can take proper care of people in such area
s as well so that people can live a healthy life.

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Scope of NHS: The main focus and scope of this organization
is to provide better medical facilities in such areas where publ
ic cannot afford the basic facilities. Through this initiative the
y are trying to give a healthy life to every individual. Therefor
e, it is gradually increased their image in front of the people a
nd because of this, people are showing faith in this organizati
on.

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Mission: NHS is having one basic mission that is to provide e
xcellent services to large number of people so that they can li
ve a healthy life.
Vision: Organizations’ vision is to see a healthy environment
where all the people are happy other than this, they want that
NHS provides and deliver best quality of services to its client
s as per the medical facilities they need.

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Oxfam
Size of Oxfam: This is a charitable trust that works for the bet
terment of the society and an individual. They mainly work in
order to enhance the standard of people so that they can intera
ct with everybody in the society. Apart from this, they provide
better job opportunities to a person so that they can contribute
some of their money in the growth of the economy. Therefore,
their main aim is to eradicate poverty so that everyone is treat
ed equally.

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Scope of Oxfam: The main aim of the organization is to give
better facilities so that they can maintain a better economy an
d help the needy people.
Mission: Mission of Oxfam is to develop the nation so as to e
nhance the standard of living.

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Stakeholders
It is considered as one of the main and important concept that
is essential for most of the organization to be considered so th
at company can gain maximum benefits. It helps the company
in performing the task according to the resources that are avail
able to them it, will gradually increase the sales and profitabili
ty of the company. Therefore, to get effective results it import
ant that they Nestle incorporate these strategies for attaining b
etter position at market area.

Conclusion
From the above mentioned report, it can be concluded that
business environment stated as an effective combination to
internal and external factors which directly affect the overall
business activities in positive and negative manner. In this
manager is responsible for effectively asses as well as
examine both factors for reducing the chances of arising nay
kind of negative impact.

References
Apăvăloaie, E. I., 2014. The impact of the internet on the busi
ness environment. Procedia Economics and finance. 15.
pp.951-958.
Armstrong, G. and et. al., 2015. Marketing: an introduction.
Pearson Education.