Business in Practice 1: Enterprise Analysis and External Factors

This report provides a comprehensive analysis of business practices, focusing on the definition and characteristics of micro, small, medium, and large enterprises. It delves into different company types, including sole proprietorships, partnerships, limited enterprises, private limited companies, and public limited companies, providing examples for each. The report then examines organizational structure, specifically using the example of M&S and its flat organizational structure, discussing its impact on business productivity and the advantages and disadvantages associated with it. Furthermore, the report explores how external factors, analyzed through a PESTLE framework (political, economic, social, technological, legal, and environmental), influence the performance of an enterprise, using M&S as a case study. The analysis highlights the positive and negative impacts of each factor on business operations and overall success. The report concludes with a summary of the key findings, emphasizing the importance of understanding both internal structures and external influences in the business environment.