Regent College HND Business Environment Assignment: P1 & P2 Analysis

This assignment solution explores the business environment, focusing on the different types of organizations, including private, public, and voluntary sectors. It outlines the specific purposes of each type, such as profit maximization for private organizations, providing affordable goods for the public sector, and addressing social issues for voluntary organizations. The assignment also examines the size and scope of these organizations, differentiating between global and domestic private firms, state-operated public entities, and locally and nationally operating voluntary organizations. The conclusion emphasizes the significant impact of the business environment on organizations, highlighting the direct connection between an organization's size, scope, purpose, and objectives. The solution includes references to relevant academic sources.

Business
Environment
(P1, P2)

• COVER CONTENT
• Introduction
• Types of organisation
• PurposeIntroduction
• Types of organisation
• Purpose
• Scope and size of organisations
• Conclusion
• References
• Scope and size of organisations
• Conclusion
• References

INTRODUCTION
Business environment discuss about
external and internal factors which can
influence decision making process of an
organization.

TYPES OF ORGANISATION
• Private, public and voluntary are three types o
f organizations. Their goals and objectives diff
er because of their reason of existence . Som
e
• organization give priority to profit, some focus
• on fulfilling social need of society.

PURPOSE of PRIVATE
ORGANIZATIONS
• Main target is profit.
• Organization like TESCO aims to be one
of the top-notch companies catering
services of household shopping. They
introduce healthy eating products and
huge product portfolio.

PURPOSE of PUBLIC
SECTOR ORGANIZATIONS
• They focus on making affordable goods so
every person can afford it.
• Alteration of Economy.

PURPOSE of VOLUNTARY
ORGANIZATIONS
• Concrete on solving various issues which
are present in society.
• Purpose is simply political, social or
religious in nature.

SIZE AND SCOPE OF PRIVATE
ORGANISATION
• Can be global or domestic in nature;
• Firms are big as in contrast to other
business organizations;
• In sole proprietorship, decision making p
rocess is very fast because one person ta
ke all the business decision.

SIZE AND SCOPE OF PUBLIC
ORGANISATION
• Public sector organizations are operated b
y state and central government.
• Well listed in London Stock Exchange

SIZE AND SCOPE OF
VOLUNTARY ORGANIZATIONS
• Are looked up at 2 levels:
• Local – business entities are functioning
at local level;
• National – business entities are operating
nationally.