Business Environment: Types, Scope, Stakeholder Analysis Report

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Added on  2023/02/06

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This report delves into the business environment, providing a comprehensive overview of how it influences organizational operations and performance. The report begins by defining the business environment and its importance, followed by an exploration of different organizational types, including private, public, and voluntary organizations. It then examines the size and scope of various organizations, such as Aldi, Oxfam, and Barclays Bank, illustrating how they operate within the business environment. The report also addresses stakeholder analysis, a critical process for identifying and considering the interests of stakeholders in business decision-making. The conclusion summarizes the impact of both internal and external factors on a firm's performance. References are provided for further reading.
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BUSINESS
ENVIRONMENT
TASK 1
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Content
Introduction
Different types organisations and their purpose
Size and scope of different types of organisations
Conclusion
References
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Introduction
Business Environment involves various activities that facilitates
an organisation in achieving its set goals and targets
effectively and efficiently. It is defined as the surroundings
where company operates and perform its business operations
for the purpose of gaining high profits.
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Different types organisations and their
purpose and legal structure
Private organisation
Public Organisation
Voluntary Organisation
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Size and scope of different types of
organisations
In present situation, each business enterprise focusing on drawing
attention of more clients by offering them excellent goods and
services. The primary reason for each business firm is to
increase their sales and profits.
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Size and Scope of ALDI
SIZE: Aldi is a retail and grocery store, it was founded in 23
June 1913 by Karl and Theo Albrecht.
SCOPE: Products and services of the Aldi is well known in
different and international marketplace.
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Size and Scope of OXFAM
SIZE- Oxfam is a combination of 20 independent charitable trust
which works to make business globally and provide satisfaction to
people residing in society.
SCOPE- This association was established in 1942 and led by Oxfam
international. This was established by England.
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Size and Scope of Barclays Bank
Size: Barclays Bank being leading bank manages a team of
more than 135,000 employees who handles its operations
in over 50 countries
Scope: Apart from providing investment and financial
services to customers Barclays Bank also indulges in four
core business i.e. personal banking, wealth management,
investment management and corporate banking.
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Stakeholder Analysis
It is identified as an effective process of collecting and
analysing quantitative data in order to identify whose
wonders should be seized into account when implementing
and developing a program and policy.
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Continued...
High power –
fascinated people
High power – less
fascinated people
Low power – less
fascinated people
Low power –
fascinated people
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Conclusion
As per the above mentioned report, it has been concluded that
operations and performance of firm can be influenced by
both interior and outside variables. Internal elements serves
to figures out what are the weaknesses and strengths of
organization and external examination inspects the effect
of macro forces on organization's profitability and growth.
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References
Asif, M., Searcy, C., Garvare, R. and Ahmad, N., 2011. Including
sustainability in business excellence models. Total Quality
Management & Business Excellence. 22(7). pp.773-786.
Bhaduri, G. and Ha-Brookshire, J. E., 2011. Do transparent business
practices pay? Exploration of transparency and consumer purchase
intention. Clothing and Textiles Research Journal. 29(2). pp.135-149.
Cavusgil, S. T., and et. al., 2014. International business. Pearson Australia.
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