Business in Practice Report: Enterprises, Structures, and PESTEL

This report provides an in-depth analysis of various business types, including sole traders, partnerships, and limited liability companies, as well as cooperatives. It explores different organizational structures, such as functional, divisional, and matrix structures, and their impact on business operations. Furthermore, the report applies PESTEL analysis to examine the political, economic, social, technological, environmental, and legal factors affecting businesses, particularly focusing on McKinsey & Company. The report highlights the characteristics of each business type, the advantages and disadvantages of different organizational structures, and the external factors that influence business decisions and strategies. The report aims to provide a comprehensive understanding of the business environment, essential for effective business development and strategic planning.