Analyzing Business Environment: Types, Size, and Scope of Enterprises

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Added on  2023/03/29

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This report provides an analysis of the business environment, focusing on the different types, sizes, and scopes of organizations, including public, private, and voluntary sectors. It explores how internal and external factors influence a business's operations, profitability, and growth. The report also discusses the varying motives and goals of different enterprises, highlighting the roles of public companies in providing services and stability, private companies in decision-making, and voluntary sectors in addressing community problems. Furthermore, it examines the scope and size of various enterprises, emphasizing stakeholder management and the importance of satisfying different groups based on their power and interest. The report also provides an overview of BBC and Oxfam. It concludes by acknowledging the significance of macro and micro factors in a company's environment and the use of SWOT and PESTLE analyses to aid managers in linking functions and improving decision-making.
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Business Environment
(P1 and P2)
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INTRODUCTION
Business environment is a combination of external and internal factors that
influences a businesses operating situation. It means a collection of all
entities, individuals and other sources, which may or may not under the
manage of the enterprise, but can impacts its probability, even survival,
growth and performance etc.
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Purpose of various types of enterprise
In the external surroundings it is observed that distinct enterprise operates with
an entirely different motive and goals. As the aim behind the incorporation
the structure and operating method of each varies to a great extent.
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Public Company
These kind of the enterprise that are controlled and
owned by government. They are set up for
supplying higher quality of services and products
as per buyers demand as well as they help in
giving stability to organisation.
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Private company
These kinds of enterprise are run be individuals
who has several authority and right to take
judgements about modification as well as other
tasks and activities. Private company are
enrolled on share market.
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Voluntary sector
These type of enterprise are also known as non-
profitable company which are launch by common
person to adders various problems related to
community.
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Scope and size of various type of enterprise
KEEP SATISFIED
(Most interested and power )
MANAGE CLOSLY
(less interested and much power)
These kind of person needs to be completely
satisfied because they are completely occupied in
the tasks of the company.
Workers
Shareholders
These type of person are to be repeatedly satisfied
but the expiation must be at a level the individual
should not be eager.
Providers
Regime
CONTROL
(Less power and more interest)
KEEP INFORMED
(less power and interested)
These parties required to be informed regarding
the adequate information and should be secure
that there is no major problems boosting.
Buyers
Financiers
These parties are just need to be informed but do
not bother them by constant messages.
Local society and community
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Overview of BBC
Content is parties focused.
Every job area is necessary to create money
performance value.
Different kinds of audience is targeted by
firm.
Making high class content.
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Overview of Oxfam
These kind of enterprise is a international charitable business
that is focusing on malnutrition and removing poverty
form this economic. It is a third largest company in UK. It
was established in 1992 in England as well as Oxfor
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Conclusion
There are various kinds of sources that lays in a company
surrounding, such as macro as well as micro factor. They
are determined with the assist of SWOT and PESTLE
analysis which support managers in linking different
functions of enterprise and rise their decision making
process
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REFERENCES
Ahmed, I., Aamir, M. and Ijaz, H. A., 2011. External factors and
entrepreneurial career intentions; moderating role of personality
traits. International Journal of Academic Research. 3(5).
Auzair, S., 2011. The effect of business strategy and external
environment on management control systems: a study of Malaysian
hotels. International Journal of Business and Social Science. 2(13)
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THANK YOU
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