HND Business Environment Report: Types, Size, and Scope Analysis

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Added on  2023/03/20

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This report provides an analysis of the business environment, focusing on the different types of organizations and their respective sizes and scopes. It begins by defining the business environment as a combination of internal and external factors influencing a company's growth and function, including factors like labor, capital, suppliers, and clients. The report then explores the public, private, and voluntary sectors, detailing their characteristics, purposes, and roles within the UK economy. The public sector, controlled by the government, focuses on providing basic commodities; the private sector, driven by profit, caters to customer needs; and the voluntary sector, or third sector, operates without profit motives, investing in societal improvements. The report uses case studies of NatWest, Greenwoods, and The National Trust to illustrate the size and scope differences within these sectors. The conclusion summarizes the importance of understanding the business environment for identifying strengths, weaknesses, and achieving organizational goals. The report also includes references to academic sources.
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Business Environment
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Introduction
Business environment is combination of both internal as
well as external factors which have direct or indirect
influence upon growth and functioning of an enterprise.
All these factors are inter-related and dynamic in nature.
Various components of business are labour, capital,
suppliers, clients, etc. and these factors are used to
identify threats and opportunities that can influence
growth of a company.
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Different types and purpose of organisation
Various factors that affect business are availability of
resources, supplier and distributor network, technology,
legal and governmental aspects, substitutes in market, etc.
These factors are used for development and improvement
in business process.
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Public sector: Organisations under this segment are
controlled and organised by government. They are
majorly focused on providing basic commodities to
people for earning their livelihood in a proper manner.
It includes companies like military, public banks and
education departments etc.
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Private sector: This sector is generally filled with many
policies and strategies which are formulated by private
owners. These organisations are played an important
role in enhancing economy of a country. These are
generally focused on earning more profitability and
serves products or services as per requirement of
customers.
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Voluntary sector: This segment is also referred as third
sector or civil society and they operate without motive
of profit making. Voluntary sector invest back money
which is earned through various practices to improve
statue of society. Though government support is
integrated at all levels to deliver successful service to
community still, private sector is different from public
sector.
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Size and scope of different types of organisation
In UK, there are various companies are working in different-
different sectors so all have distinct business structure as
well. In addition to this, they are working on various
purpose also depending on own size and scope. In this
era, scope of business can be defined as different
functions while size of company precise regarding area.
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Public sector: These type of organisations are controlled
by government of country and act as manipulative body at
times of decision-making.
Size and scope of NatWest: Talking about size, it is one of
the largest commercial sector in UK, it is known for its
financial services to more than 7.5 million customers.
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Private sector: This sector is owned by shareholder or
individual to serve the purpose of profit making, revenue
generation and gaining market share.
Size and scope of Greenwoods: Being one of the largest
clothing chain in England size of Greenwoods is quite wide.
There are store available in more than 80 locations with
revenue generated of amount £29 million (2010) and had
about 579 employees.
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Voluntary sector: This sector is maintained by voluntary bodies
and generally associated with welfare of people. They operate
by raising funds and charities and use them for improving status
of society.
Size and scope of The National Trust: This particular
organisation work for preserving culture and heritage of UK.
Size of National Trust is about 247,000 hectare of land and
approximately 5.10 million of visitors can access it in one batch.
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