Business Environment Analysis: Sectors, Stakeholders, and Objectives

This report provides an overview of the business environment, differentiating between private, public, and voluntary sectors. It explores the legal and legislative frameworks governing these sectors and identifies key stakeholders associated with each. The report includes case studies of IKEA, Walmart, and the Welcome Trust, examining their business objectives and the stakeholders involved. It analyzes the mission and vision of each organization, highlighting their strategic approaches and their impact on society. The analysis covers the stakeholders associated with each organization, including workers, consumers, suppliers, government, society, volunteers, federal associations, and donors, providing insights into their roles and influence. The report concludes with a discussion of the importance of understanding the business environment for effective management and strategic decision-making.

BUSINESS
ENVIRONMENT

Introduction
This has been stated that several type of organisation fall under in
different sector. There are three main industries such as private,
public and voluntary. The current presentation is describe about
these factors and also deal with each legal and legislation frame
working condition. Along with this, stake-holders mainly associate
with each and every firm which are going to be discussed.

Different types and purposes of
organisations
Private sector : This sector is fully owned and operated by private
industries by single individual or some group of people for
developing large sum of profits which has been fall under this
division.

Cont..
Public sector : This sector mainly consist with those associations
which can be owned and operated by government authorities. The
main aim of this industry is to make required services and facilities
at reasonable value so by this each and every level person can easily
afford if they are rich or poor.

Cont..
Voluntary sector : This sector is titled as non profit organisation. So
these firm mainly work for provide help to the needy person who
are not able for earning money. Such association are not operated by
government. An organisation can be operated and managed by sole
individual or large group of people. Welcome trust is best example
for voluntary sector which assist in providing social services for
improving health issues of an individual.

Cont..
Legal structure :
Public sector : Legal framework of this sector is divided into different
parts such as private, public and voluntary.
 Central government is included in entire management department
of state and other major organisation. The responsibility is cover
the total economical boundaries of particular nation that will
excepted the authorities bodies which has been associated within
social safety financing.

Size and scope of a range of different
types of companies
This has been seen that every venture involves contrasting scope and
sizes since their motives are different in nature.
 The objective and vision of IKEA : This company is
concentrating on enlarging their business functionalities by
maintaining its overall costing in effectual style. On the other
hand, IKEA is also focussing on welfare of society and trying to
reduce the possibilities of the discrimination grounded on racism.

Cont..
 Stakeholders associated with IKEA : The major stake - holders
who are involved with this company is presented as follows :
 Workers
 Consumers
 Suppliers

Cont..
Mission and vision of WALMART : The key aim of this organisation
is to turn into galactic retail enterprise in all over the globe. Since
they are operating a chain of supermarket, grocery outlets and
discount division stores ; they want to establish a stronger position
in retail market so that goods and services produced by them could
be supplied to common people at minimum prices. Their motive is
to serve both section of society either they are poor or rich.

Cont..
Stakeholders affiliated with this enterprise :
 Government : Legal authorities are liable to look after each and
every commercialised acts comprised by different organisations
working in nation in order to ensure that rights of citizens are getting
breached.
 Society : Groups surviving in particular region effort to concentrate
on deliverables being supplied by Walmart Inc. and get cognizant
regarding their affirmative as well as antagonistic influences on them.

Cont..
Business objectives of Welcome Trust :
The main target of this firm is to expend much wealth approximately
£5 billion in forthcoming five years to upgrade the state of health of
humans as well as animals, as company is launching a new scheme
which is centralized on developing good ideas in area of research &
sciences. In addition to it, they are also focussing on controlling
possibilities since they create and yield benefits of masses' freedom
for driving modifications.

Cont..
Stake - holders connected with Welcome Trust :
 Volunteers being involved in board of members : Such
associates are liable to take correct decisions in terms of services
which should provided to poor citizenry.
 Federal associations & donors : These members caters fiscal
assistance to the cited enterprise so that action associated with
social welfare can be carried on in appropriate way.