Business and the Business Environment Report - University Report

This report provides a comprehensive analysis of the business environment, examining various types of organizations including private (Tesco), public (Crown Prosecution Services), and volunteer (Oxfam) sectors. It explores the internal and external factors influencing business operations, such as suppliers, employees, and economic changes. The report covers legal structures, stakeholders, and objectives of each organization, along with their size, scope, and departmental interrelationships. It also analyzes the strengths and weaknesses of internal environments and their connections to external macro factors. Furthermore, the report examines the roles of different departments like finance and marketing, highlighting their impact on overall business performance and growth. The analysis includes discussions on competitive scenarios, organizational structures, and the importance of adapting to the business environment for achieving goals and objectives.

Business and the
Business Environment

Table of Contents
INTRODUCTION...........................................................................................................................1
LO 1.................................................................................................................................................1
P1 ................................................................................................................................................1
P2 ................................................................................................................................................4
LO 2.................................................................................................................................................6
P3 ................................................................................................................................................6
LO 3...............................................................................................................................................11
P4 ..............................................................................................................................................11
LO 4...............................................................................................................................................13
P5 ..............................................................................................................................................13
P6 ..............................................................................................................................................16
CONCLUSION .............................................................................................................................18
REFERENCES..............................................................................................................................19
Online.............................................................................................................................................19
.......................................................................................................................................................19

INTRODUCTION
Enterprise surroundings is the procedure of several kinds of internal and external factors
which includes suppliers, employees, owners, innovative techniques, clients, economy
modifications and many more. All these sorts of inside and outside factors direct influence the
overall management and their functions of firm like how they are performing their operations at
marketplace along with how they are able to handle situation as per the business environment.
Thus, business environment considered as one of the important and helpful aspects for every
business in order to analyse firm’s opportunities at marketplace and it also influence working
performance of employees in a positive manner. With the help of this firm can easily increase
their business growth and able to achieve targeted goals on time. This report includes different
types of public, private and volunteer organization that are dealing with different types of goods
and services (Abdelkafi and Täuscher, 2016). Moreover, scope, size and firm structure will get
covered. There are interrelationships in various department of firm that have negative and
positive impact both will get analyse. Lastly, strength or weakness of internal environment of
firm along with interrelationship with external macro factor will get covered.
LO 1
P1
According to the competitive scenario of world, there are large number of firm who are
working for earn huge profit and some of the are not working for earn profit but working to
provide better services to customers within particular place of country. With the help of these
sorts of firm people can easily achieve their desired goals and able to attain target within the
competitive scenario. There are various kind of firm working in public, private and volunteer
sector, those are as follows:
Private organisation:
Private firm mainly have liability within their private shares. This type of firm generally
has 30 members as workforce in order to achieve its profitable goals and objectives ((Aithal,
2017)earn profit only. There is Tesco has been selected as private organization, it is a British
multinational retailer and first founded by Jack Cohen in 1919. This is one of the best brands that
have their own brand name on every product in order to satisfy desires of people at workplace.
Apart from this, this type of private company do not includes in any kind of government pressure
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as it always made for earn profit. Thus, they are able to run their business successfully and
achieve targeted goals on time.
Legal structure: Tesco has differentiated their retail and geographical hold by focusing
on the various kind of store than like convenience shops and superstores in order to sell so many
products together. It has permitted them to open more stores in order to serve their products
internally.
Sole Trader: It is one of the best considerable legal set up where the business is owned as
well as managers by a single person. Thus, business owner such kind of this are not separate
from business therefore, they are liable for all business aspects includes financial as well. In
regards with Tesco, they have set up to invest within its supermarkets to achieve targeted
profitable goals (Alaloul, Liew and Zawawi, 2017).
Partnerships: These are those business concern mainly closely-held by two or so many
parties. The relationship between two parties shows great partnership that analyse the structure
and scope of partnerships. For an example: The relationship between GoPro and RedBull. GoPro
selling movable cameras while Red Bull selling more than force drinks. Thus, both are having
same goals in regards with better lifestyle.
Pvt. Ltd. Company: These sorts of firm are small privately held business entity by using
limited shares. Thus, the entire business of private firm is limited as they cannot list its shares
within the stock exchange. Reed, Swire, John Lewis Partnership and many more are the best
example of private firm who run their business privately.
Stakeholders: In regards with Tesco there are so many person considered as stakeholders
such as employees, customers, management all that helps firm to increase their value through
achievement of better results at marketplace.
Purpose: The chief purpose of Tesco is to provide better services to every people in
every day so that they can make their potential customers and able to accomplish coveted goals
and objectives (Alotaibi, 2016).
Public Organisation:
This type of firms are includes non-profit organization which is owned by government
rules and regulations and provide best services for the very social purpose to people. Crown
Prosecution Services is the best example for public firm that helps to people to satisfy their needs
and goals. It was founded in England and Wales and conduct minimal persecution at that place.
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This public organization is having around 6,000 employees who works together to satisfy every
people needs in society. Therefore, this type of firm not work for profit and work for satisfy
wants of people.
Legal structure: Being a best service provide firm in UK, they are needed to focus on so
many different types of activities which are associated with people safety of people. With t5he
by use this will help in archiving its desired goals on time and create healthy relationship with
people within society.
Sole Trader: It is known as self-employed individual who operates their own business
through following legal entities and works for society (Bashir and Verma, 2017).
Partnership: It refers those businesses in which one or more parties work into the
partnership and operate their functions together.
Public Ltd. Company: These are those firms who can sell their shares freely on stock
exchange. These firms generally needed to have minimum capital in order to operate entire
business operations at workplace.
Purpose: To overcome several issues from the nation through execution of lots of ideas
and thinks that helps to make better policies perfectly. Along with this, making better strategies
always give better results and increase value of respective firm.
Stakeholders: Crown Prosecution services, large number of government agencies,
financial institutions considered as stakeholders that directly influence decision making process
of firm positively (Bedianashvili, 2016).
Voluntary Organisation:
It mention to the unit of people who mainly involves into an understanding to attain
specific aim. These sorts of firms are mainly formed in order to brining socio-economic
development for rural areas in order to better promotion of culture, art and many more things.
Oxfam is one of best volunteer firm and non-profit organization. It aims decrease the level of
poverty in the particular nation. It is situated in England and formed in 1942 by Cecil Jackson-
Cole. On the other side, NGO’s are the best voluntary entity that always helps to accomplish
their needs and wants.
Legal Structure: Oxfam able to meet their needs and wants as it is volunteer firm so that
it is needed to determine needs first so that they can help people towards developing better
norms, values, beliefs and communities within the society.
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Unorganized association: In this association people are able to work together in order to
achieve common and desired goals (Bereznoy, 2017).
Legal needs: It includes several laws and legislations in order to give proper legal advice
to charity, agencies and many more.
A Trust: It is important for respective firm to formulate so many better ways to invest
more funds for developing best services to consumers.
Partnership: There are so many people who are working together considered as partners
to make people happy for achieve of goals.
Purpose: To provide so many other options for several issues faced by society at any
place. By doing such kind of this thing they can achieve their goals and able to overcome
poverty.
Stakeholders: It includes employees, volunteer, founder, employees and so many other
individual who are working for this volunteer firm.
P2
Size and scope along describes the overall value of business at marketplace. With the
help of having so many goals, objectives firms can easily achieve their target within specific time
period. Thus, it helps firm to grow successfully within competitive areas (Berg and Kilambi
Siebel Systems Inc, 2014). There are different types of firms based on medium, micro/small and
large sizes or scope, those are as follows:
Micro enterprises Small enterprises Medium and large
enterprises
Size It includes small
businesses sector in
employment level is
very low with lack
capital investment.
These are manage by
individual bodies and
include so many
person quest to
maximise their
business for long time
along with increase
their volume of sales.
These are involves
workforce as
volunteer membership
and multinational
bodies that have
possibility to
maximise their
growth.
Scope These types of
enterprises come
It includes private
entities owned by sole
It includes so many
multinational firms
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under developing
countries in which
micro entrepreneurs
are able to accomplish
their all needs and
wants. It increases the
overall growth of firm
along with best
business cost. Crown
Prosecution Service
firm is the best
example.
trader where they
mainly works in
partnership and able
to increase their size
with high structural
revenue accordingly.
Thus, Tesco is the
best example of these
enterprises.
which is the part of
government sector to
earn huge revenue.
The main purpose of
these assorted firms is
to create internal
aspects for firm.
Oxfam is the suitable
example for these
firms.
Private Organization:
These firms commonly developed for earn profit through giving best attractive goods and
services to their customers at marketplace. In regards with Tesco is one of the best firms that
include several aspects such as:
Background: Tesco is one of the best brands that deals in retailing sector and deals with
different types of groceries items. Along with it offers its goods and services Within UK and so
many another countries (Chukhray and Mrykhina, 2018).
Mission: To develop best quality of products.
Impersonal: To bring improvements within its sales and revenue for betterment of
future.
Vision: To achieve targeted goals on time.
Products: Goods of Tesco includes supermarket, hypermarket and available on so many
shops.
Size: This firm has ample number of functions. Thus, size of Tesco is great.
Structure: Tesco used flat organizational structure to increase working performance of
employees.
Scope: Having wide variety of products and services firms can achieve their goals and
having huge scope via so many supermarkets in different place.
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Public Organization:
These types of entity mainly operate by governmental bodies like state government and
so on. There are few aspects in regards with CPS that are:
Background: CPS is one of the best public agencies that work for conducting criminal
prosecutions and registered in Wales and England. Now days it is having around 6,000 people as
workforce (Emuchay and Jean International Business Machines Corp, 2017).
Products and services: Services related to people safety.
Vision: To make world best agency.
Mission: To offer safety tools for people within society.
Size: Having so many employees increase the size of firm.
Objectives: To overcome issues worldwide.
Structure: This agency follow Hierarchical structure to take decision towards services.
Scope: It is very wide as it provides so many services to people.
Voluntary Organisations:
According to Oxfam, this is the combination of 19 freedoms charitable trust was founded
in 1942 globally.
Vision: To reduce poverty worldwide.
Mission: To create few policies in order to make people happy.
Size: Having so many employees makes the size good of this firm.
Objectives: To improve living standard of people
Structure: This firm used simple organizational structure to run their business
(Głodowska, 2017).
LO 2
P3
Due to increasing risks and competition, several departments play their roles in order to
maintain overall working position and growth of firm. There are few departmental units those are
as follows:
Finance: This is important department that manage and controls so many expenditures of
firm followed by legal obligations. In regards with Tesco, this department plays crucial role
through maintain their profits.
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Marketing: This is one of the best departments of business operations which helps firm to
formulate interaction and relationship with customers. In regards with Tesco, this
department is responsible to deliver better brand image through carrying out several
activities that increase interaction with customers easily (Hillary, 2017).
Operations: This department seek to oversee entire production process of Tesco by
bringing out efficient and smooth services to meet the expectations or needs of consumers.
HR: Herein, this department has responsibility to use effective and strategies management
work process through utilising overall business resources. In regards with Tesco, HR
manager focuses on recruitment process in order to hire best employees for firm’s benefits
and their productivity.
Thus, every functional unit of various departments are interrelated with each other as they
all put their efforts together in order to increase overall growth of business and productivity
in a successful manner. Therefore, it is essential for firm to have such kind of various
departments to maintain their work accordingly (Kolk, 2016).
Types of organizational function
An organizational or business function is a substitute procedure or series of exercises performed
within an office or department of an organization. Regular features include functionality,
presentation, human resources, data innovation, customer support, money and maintenance.
Some of the functions are mentioned below:
Production function: Responsible for making the administrations provided by Tesco
(workplaces, vehicles, retail products) responsive to the delivery of the goods to customers
ensuring that sufficient stock is available (supported by new- a new customization, for example
the EPOS framework, which will request again if Tesco is not available).
Purchase function: Adopting an organized approach that allows the company to easily integrate
different parts of the company so that everyone can do a lot to achieve similar goals. "Committed
to high-level communication between managers and employees that should document all
strategies and systems on unchanged employee access: appropriate mechanisms for controlling
and observing action - a high standard." of perspective and motivated staff.
Marketing function: Market research - collects information from surveys and analyzes,
planning an educational introduction on new advances in customer care and service - managing
complaints and issues they have, evaluating management, relaunching competitors, proposes an
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update on sales promotion and advertising, ensuring that promotions are clear and realistic for
customers.
Finance function: Records all business transactions (expenses and revenue) * that measure
Tesco's cash presentation (what Tesco does in a cash manner) by analyzing cash and revenue in
until the organization remains firm (ensuring adequate funds for taking care of functions, offices,
staff, as well as putting resources into new developments to reap benefits) by taking appropriate
budgetary choices by comparing early presentation and actual performance.
R&D function: To do product research and testing before launching it in the market. Innovation
in the existing product to get it with new features.
Human resource function: It include various functions which are directly related to
intraindividual and human resource of organisation where it can manage them accordiang to
need and requirement. It includes Recruiting, selecting, training and developing new staff
keeping all records they have in their possession confidential.
Organizational structure:
The organizational structure is a structure that follows how specific exercises are directed
towards achieving the objectives of an association. These exercises may involve standards,
operations and responsibilities.
Types of organizational structure
Functional structure: An organizational structure is a function that is used to select employees.
They are grouped according to their unique abilities and information. Vertically structured each
department with operations ranging from president to finance and office ownership, customer
support, agents assigned to an item or administration.
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(Image: point park; Available through: https://online.pointpark.edu/business/types-of-
organizational-structures/)
Divisional structure: This structure takes into account the greater autonomy between the bases
within society. One problem with this is an organization like General Electric. GE has a wide
range of industries including flight, transportation, currents, advanced and sustainable energy
source, among others.
(Image: point park)
Matrix structure: In the matrix structure, representatives can respond to at least two supervisors
based on the position or company. For example, under normal utility conditions, the architect of
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a large design firm may work for a boss, but another task might emerge where that expert's skill
is needed. For the duration of that guarantee, the employee would also respond to the
administrator of that company, just like his manager for all other daily assignments.
(Image: point park)
Organizational structure of Tesco
Tesco has a hierarchical structure. It is basically a useful structure as it is based on various
sectors of the sector. The definition they use a different level structure is because the connection
is great and includes several levels. Tesco's structure is also based on work rather than
geographic (Krishnamoorthi and Mathew, 2018).
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