Business Environment Report: Types, Purposes and Analysis of Firms

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Added on  2023/03/20

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This report provides an analysis of the business environment, exploring various types of organizations and their purposes. It begins with an introduction to the business environment, emphasizing its significance for business success. The report then delves into different types of organizations, including public enterprises, private companies, and voluntary organizations, outlining their characteristics and objectives. Specific examples such as the Crown Prosecution Service, HSBC, and the British Heart Foundation are used to illustrate these concepts. The report also discusses the scope of these organizations and their functions, including the products and services they offer. The conclusion highlights the importance of understanding the business environment for effective management and strategic decision-making. The report concludes with references to support the analysis.
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Business
Environment
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Table of content
Introduction
Different types and purpose of an organisation
Size and scope of range of differ kinds of organisation
References
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INTRODUCTION
Business possibility to get sustain at market area completely depend
upon its ability of understanding macro and micro environment.
Such analysis enable and support them to gain better and effective
outcome so that better and suitable gain could be estimated
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Different types and purpose of an
organisation
Business is a mixture of different activities or strategies that mainly
emphasize on providing quality product or services to customers that
creates value for them as well. Process and purpose of all business vary
from one another and they carried out things in proper manner which give
them best suited results.
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Public: The most common form of business is public enterprises that mainly
operates with an objective of providing support to society in terms of solving
their maximum problems or issues and to generate higher profits as well.
Such type of organisations are having clear objectives regarding meeting
customer requirement and serving the society and its members effectively.
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Private: Another major kind of company that
operates freely in business environment is
private limited companies. Such types of
companies are limited by liability, capital or
issuing of share etc. HSBC is a privately
owned and run organisation. The company is
limited by liability.
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Voluntary: Third segment or kind of business substance which working
in this impressive world could be philanthropy. These affiliations are
not revenue driven reason work but rather work for society benefits so
successful redesign in the public arena could be survey.
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Size and scope of range of differ kinds of
organisation
Business need to determine the nature and scope of working of each and every
business firm so that management would perform their work in better manner.
Management need to determine their stakeholders in better frame and used to work
properly which signify and enable management to accomplish targets
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Crown Prosecution Services
Background They are basically worked on those cases which are
related to prosecutes and reviewed by police and some other officers in
Wales as well as England.
Product and services Their fundamental work is to give suggestions to
those cases which are associated with criminal offense.
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HSBC
Background: They are one of the leading bank in United Kingdom and
having an appropriate market share.
Product and services: Variety of items and services are offering by
them, such as loans, mutual fund, saving accounts and many others.
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British Heart Foundation
Background: One of a noteworthy philanthropy firm in the UK which
support to determine significant issues look by heart patients
Product and services: Taking a shot at numerous new research which
encourage an alternative to made things legitimate and adjust in nature.
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References
Hillary, R. ed., 2017. Small and medium-sized enterprises and the
environment: business imperatives. Routledge.
Kew, J. and Stredwick, J., 2017. Business environment: managing in a
strategic context. Kogan Page Publishers.
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