Regent College Business Environment Report: Organization Analysis

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Added on  2023/03/16

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This report provides an overview of the business environment, focusing on different types and purposes of organizations. It categorizes organizations into public, private, and voluntary sectors, detailing their respective objectives, areas of operation, and legal structures (sole proprietorship, partnership, state government, local government, and central government). The report then examines the size and scope of organizations, classifying them into micro, small, medium, and large scales, highlighting their objectives and scope of operations. The report differentiates the objectives of each scale, from earning a livelihood to global expansion and economic impact. It includes examples like transnational companies such as Coca-Cola, and concludes that understanding the business environment is essential for a company's success. The report references various academic sources to support its findings.
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Business Environment
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Table of Content
Introduction
Different types and purposes
of organizations
Size and Scope of various type
of organization
Conclusion
References
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INTRODUCTION
Business environment can be stated as process of internal
and external factors which has the potential of affecting
business in direct or indirect manner. Effectiveness can be
bought within the business and its environment by
determining actual needs and wants of customers and thus
provide them maximum level of satisfaction.
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Different types and purposes of
organisations
There are various kinds of companies which have been operating its
business in numerous sectors with the motive of generating revenue
and attain objectives. This can be furthermore explained with
example of NGO Company who mainly deals in non profit sector
with motive of social welfare while many companies work for
attaining personal objectives. Basically there are two factors which
are public and private and they are being described below:
NGO
NPO
For Profit
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Continue...
Basis of
Comparison NGO NPO For Profit
Meaning NGO stated as non
governance company
which is formulated with
motive of giving out
welfare for society by
independent citizens
Products and services
are being sold by
organisation with
motive of economical
development and social
welfare. .
Companies mainly operate
with purpose of generating
high revenue by selling
services and products.
Area of
Operation
s
Large Limited Can be large as well as
limited
Objectives This is being developed
for society and thus
provides welfare for
needy people.
Forming with useful
motives which promote
commerce art and
science.
Generating revenue by
attracting large number of
customers and selling those
services and products.
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Purpose of organisation
There are various kind of major factors which are
being described as below:
Public Sector
Private Sector
Voluntary Sector
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Legal Structure of the Sector
Private Sector: In this kind of sector, private companies can be like
sole traders and partnerships:
Sole Proprietorship
Partnership
Public Sector: Several kinds of government bodies are being included
and they are described as below:
State government
Local government
Central government
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Size and Scope of various types of
organisations
There are various kinds of companies who are being segmented and
classified on the grounds of size and scope. This kind of classification
is being commonly done in micro, small, medium or large which are
being described below:
Micro Scale
Small Scale
Medium Scale
Large Scale
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Objectives differentiation:
Micro Small Medium Large
Major purpose of this
kind of business is to
provide financial
security earn respectful
livelihood among the
society.
Earning livelihood and
maintaining respect
within society and thus
grab opportunities for
expanding business by
various tools and
techniques.
In this kind of business,
main focus is on
business expansion
within the international
market and thus makes
themselves as global
leader company by
various ways like
launching joint
ventures, franchisee and
many others.
There is the priority of
this kind of business as
bringing sustainable
within the nature along
with customers along
development to the
economy of country.
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Scope of Different types of Organisations:
Micro Scale: They do not have much wider scope for expansion of business
operations as their process is much more limited in nature and motive is to
survive
Small Scale: There is scale of scope which is much higher as compared for
micro level of business. This kind of business has high level of scope and
they can shift their business for their medium scale to large scale by
adopting various kinds of techniques
Medium Scale: This kind of sector which has the high chances of going
global by various ways and thus operates business in other business.
Large Scale: They have the scope of acquiring economics in which they
have not established their due to economical condition and other various
legal issues.
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Transnational Company:
Transnational companies are the sector which have the business
operations within the countries and even their revenue which
is much higher then some economy of the country. Example
can be taken up of Coca Cola which is transnational company
and thus they mainly deal in soft carbonated drinks and the
revenue in 2016 recorded was about 42 billion dollars. This
kind of revenue generated is much more enough which can
provide the development for country which is in developing
stage.
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Conclusion
From the above report, it can be concluded that it is highly
essential for the company to bring out effectiveness within
the business process in order to have success. There are
mainly two kinds of factors which are micro and macro
which plays crucial role in making company attain aims and
objectives of company in better way.
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