NSAB505B1 - Business Environment: Types, Functions & Relationships

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Added on  2023/03/24

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This report provides an overview of the business environment, focusing on different types of organizations, their legal structures, sizes, and scopes. It discusses private, public, and voluntary sectors, highlighting their unique purposes and characteristics. The report also examines the interrelationships between various functions within an organization, using ASDA as an example, and analyzes the advantages and disadvantages of these interdependencies. Key functions such as human resources, marketing, and sales are explored in terms of their roles and interactions. The document concludes by emphasizing the importance of departmental collaboration for achieving common goals and enhancing overall organizational performance. Desklib offers a variety of study tools and solved assignments to aid students in understanding these complex concepts.
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Business
Environment
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CONTENT COVERED
Introduction
Types and purpose of different organisations with their legal structure
Size and scope of various organisations
Relationship between various functions of organisation
Analysis of complexities of various kinds business structure
Disadvantages and advantages of interrelationship between various
departments
References
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INTRODUCTION
Business environment consists of external as well as internal factors both.
These factors put a huge impact on the business environment positively
and negatively. In this presentation, types and purposed of different
organisations will be discussed with their legal structure, size and scope.
Also, interrelationship in between various functions of ASDA will be
highlighted.
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Types and purposes of different
organisations with their legal structure
The organisations are of different types and their purposes are also distinct
from each other. These are:
Private sector- This sector gives its contribution in the national economy and
it is not under the control of state government.
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Cont....
Some of the purposes of ASDA are mentioned as below:
Main purpose of this company is to manufacture the services and
products which are more affordable for every person.
This business organisation wants to maximise its productivity and
also, sales in order to improve the goodwill of firm
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Cont....
Private limited companies- These kind of
firms have the limited liability and also
legal protection for all the stakeholders.
Under this, the liability of owner is
limited. Share holders can not buy and
sell their shares.
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Cont....
Public Sector- In this sector, the organisations are essential part of national
economy which are rendering different types of government related
services. This sector includes police, government hospitals, schools,
military, health care services through government, public transit, etc.
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Cont....
Voluntary sector- It is the third sector and
it is also a non profit sector. This sector
does the social activities for people.
This includes the charitable, donation,
funders and also, NGOs.
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Size and Scope of various types of
organisations
There are various kinds of organisations but they differ from each other on the
basis of their size and scope. The purpose and also scope of every
organisation are different from each other.
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Cont....
Stakeholders: Stakeholders are the important part of company. These are the
main pillars on which working of organisation depends. Every stakeholder
has their different role in the firm.
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Cont....
Voluntary sector: These are the non profit organisations that are working for
the benefits of society. These companies are required to take license from
the government to run their activities.
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Cont....
There are three different types of organisations such as voluntary, public and
also private. But the structure, scope and size of every firm vary from each
other. Example: ASDA is a private organisation and its size and structure
is big and accordingly, its main motive is to increase the sales. But public
sector provides products to people for their betterment. On the other hand,
voluntary sector has non for profit organisations that work for the welfare
of people in society.
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