Assessing Regulatory Impact on Business Operations

The Business Environment Report delves into the multifaceted nature of the UK's economic landscape, highlighting its role as a leading global economy. It emphasizes the necessity for businesses to remain agile amidst rapid changes influenced by social, political, and technological factors. The report underscores the significance of small and medium-sized enterprises (SMEs), their contribution to employment, and their importance in international trade. It further explores various forces—political, economic, legal, socio-cultural, ecological, and technological—that continuously reshape the business environment, prompting organizations to reassess and adapt their strategies for sustained success. Additionally, it offers insights into competitive advantages through differentiation and cost leadership strategies, alongside an analysis of regulatory frameworks that influence corporate practices. The report concludes by reflecting on the crucial interplay between these diverse elements in achieving organizational objectives and fostering a resilient business ecosystem.

Individual Reflective
Report

Table of Contents
INTRODUCTION...........................................................................................................................3
What(description):.......................................................................................................................3
So what........................................................................................................................................4
Now What...................................................................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9
.........................................................................................................................................................1

INTRODUCTION
Business environment is related to marketing activities and includes factors that impacts
enterprise's ability to build strong relationship with customers. It includes clients, competitors,
technology and laws, government activities with social and economic trends in world wide.
Tesco is UK based multinational organisation which deals in groceries and general merchandise
in retailing. Its headquarter is in England. It is third largest retailer in world.
This report explains about various types of organisations and their legal structure and how they
contribute to satisfying various stakeholders.
What(description):
Business environment is that surrounds that influence organisation enhancing customer
relationship . In that includes all organisation, clients, suppliers and other stakeholders that helps
in attain business objectives. I found that business environment is very complicated in nature and
reason is that it fluctuate time to time and that impacts on business proceedings. Business
environment consist of external and internal that affects a business (Belás and et.al. 2015). In
external factors includes health and safety regulations that impacts on internal environment of
business. Key objective of business is to earn profit and maximise its share in market so that it
become big giant for market and beat competitors.
By that report I able to understand there are three types of organisations that are as follows:
Private:
As per my study private sector is main contributor in national economy and plays key
role in job creation and as a employer (Briscoe,Tarique and Schuler, 2012). It provides 90%
approximately of employment in developing nations and it provides rare goods and service to
government and nation and also gives contribution in tax revenues of government and flow of
capital. that plays a major role in our economy and contributes large share in world wide. In
large multinationals include Apple, tesco, Marks&Spencer and Pepsi these are large giants that

cover large share of economy in whole world and contributes large share in employment,
revenue generation and growth rate of in goods and services.
Public:
As per my study public sector gives variety of services such as government services
includes infrastructure, transportation, education, health and care, military and safety services in
whole country. Generally it focus on giving services to public welfare who uses that services. In
underdeveloped economy the government play a major role in solving problems of masses
(Groff and Jones, 2012). The main objectives of public sector organisation is to earn profit
simultaneously welfare of people in whole country. And spends a lot of money in welfare of
people every year.
The sole purpose of these organisation is to give benefit to people and there sole purpose is
welfare of people and not earn profit.
Basis of difference Public Private Voluntary organisation
Purpose Public sector is sector
that gives variety of
services such as
government services
includes infrastructure,
transportation,
education, health and
care, military and
safety services in
whole country.
Generally it focus on
giving services to
public welfare who
uses that services.
Private sector are
those units which
operate by individuals
or groups to attain the
sole purpose that is
gain profit and it not
control by state. It is
part of government
that helps in
accelerating growth
rate in capitalist
economy in world
wide.
In voluntary and non
profit organisations
includes that is run by
unpaid management
and the sole purpose of
welfare of people and
no objectives to earn
profit. It generally
work for some benefits
of people that suffer
from some problems.
Objective Generally it focus on
giving services to
public welfare who
Main objectives of
private organisation
according to study is
The sole purpose of
voluntary is to serve
people.

uses that services. In
underdeveloped
economy the
government play a
major role in solving
problems of masses
(Groff and Jones,
2012). The main
objectives of public
sector organisation is
to earn profit
simultaneously
welfare of people in
whole country.
to gain maximum
profit by utilization of
resources and funds in
adequate manner.
Sub parts There are many parts
of public sector in
which includes public
corporation, local
council and state
services.
There are many sub
parts of private
organisation is sole
proprietors,
partnerships, small and
medium sized
businesses and large
scale multinationals.
In sole proprietors
includes Designers,
developers and
contractors and
Repairman. In
partnership businesses
includes Dentistry,
legal, accounting and
taxes. In small and
In sub parts of
voluntary organisation
includes charity sector,
community sector and
non profit sector that
works in welfare of
people.

medium sized
businesses includes
Retail, hospitality and
food and beverages
So what
From the above mentioned topic I learned that business environment is very dynamic and
it changes rapidly and for that organisation have to be ready for that change and to accept
changes stakeholder have to be psychologically be ready to adopt changes. In organisation
environment in main stakeholders includes customers, investors, employees, dealers and clients
of organisation so while adopt changes in Tesco have to give instructions and they have to take
care of their stakeholders so that they become ready to accept changes. In private organisations
consumers play a very crucial role and to lead in market there is need to understand their
behaviour private organisations spends a lot of amount on research and development that proves
important . Dealers also devote their best to the organisation by accomplish their tasks and
duties in private sector by deliver goods and services to the appropriate place so that objectives
of organisation can achieved properly (Chen,Chiang and Storey, 2012) so organisation have to
take care of their needs and wants so that they satisfy from their services. In future an
organisation by understand value and importance of stakeholders can expand their business and
give best value to the world. With the help of stakeholders organisation can compete with
competitors and beat their rivals in competitive world in private and public sector. In future if
public sector have to expand its business then it have to evaluate the future aspects of country
and their environment so that they become successful in that scenario also in that case stake
holders also help in succeed in business environment and gain objectives and goals. For that they
give full knowledge about new product and services. While dealing in business environment they
have to evaluate both micro and macro environment of business so that Tesco never leave behind
to grab opportunities in market share. In case of voluntary organisation main role is played by
society which is serve by these organisation so it is very important part to understand their
emotions and needs and work according to them . This study gives us lesson about the
organisational structure and different objectives of organisation when dealing in different
scenario and what potential strategies is require to succeed in market. In key business objectives

include to earn profit for business expansion, to earn profit and satisfy needs and wants of
consumers in business environment. The primary objectives of public sector is earn profit with
welfare of masses. And primary objectives of voluntary to serve society.
On other hand Tesco(private organisation) have to understand the emotions and needs of
employees so that they can give their best to organisation and also get satisfaction in return
(Groff and Jones,2012). Private organisations have to give special teaching while operating in
other market and nation about rules and regulations with the policies of organisation so that they
become comfortable during operations of their employees. In future these practices helps to
understand business practices which help to achieve objectives and goals of organisation to
achieve their goals in effective manner.
Now What
legal structure of different organisations. In legal structure should be according to the
type and capabilities of business organisations. It is very crucial factor that describe about role of
business and for it many crucial advices should be taken to accountant, solicitor and financial
adviser to organisation so that best legal system should be formulated according to the needs and
wants of organisation (Hair Jr and et.al. 2015). Every business have different requirements
according to their objectives. Understand legal structure of different organisations is very
knowledgable aspect.
Legal structure of private sector:
In legal structure of private sector includes sole trader, partnership, cooperatives, limited
companies.
Sole trader:
sole trader is according to study one person enterprise, that operated under small amount
of money to set up business. Sole traders mostly employ wage based employees and alone bear
all finances and risk of business and in return avail all profit of organisation. It faces unlimited
liability in sole trader.
Partnership:
As per my study is to solve the problem of sole traders, it is association of two and more
than two people and up-to the 20 partners (Hilton and Platt, 2013). I found that In that each and
every member in partnership is responsible for debts for that members have to take carefully
responsibilities. As per my study I found that there are unlimited liability for debts. There are

many problems and disputes arises in partnerships for that sleeping partners are framed so that
they help in manage finance for business.
Private limited company:
As per the research and study in joint stock company it runs as a separate legal entity.
They are majorly small, fun run businesses that are handled by shareholders in businesses. In that
all shareholders have to be part of company and every shareholders have to be limited liabilities.
Legal structure of public sector:
As per the study legal structure of public sector includes three major sector that
completes the government sector that are as follows:
Public corporations, local council, and state services.
In public company includes whose ownership is distributed among the general public in way of
shares and stock. And in local council it handles all proceedings of local municipals. And in state
services it deals by providing works to states (Savrul, Incekara and Sener, 2014). In public
corporations that shares are locally traded in large no. of shareholders. In that includes
government based enterprises such as airlines and other sector also. When I study about legal
structure of organisation I feel very knowledgable and surprised to know that there is series of
activities and boards which included in government cycle and chains. Public corporations is an
entity that incorporated to carry out public goals and missions to carry out different activities.
Public corporations is work to ensure flexibility to get best results to ensure achievements in
organisation to achieve goals and objectives in Tesco. The board of directors of public
corporations appointed by governor of country and it is confirmed by senate. It established
through acts which is separately frame by legislature. It is known as statutory corporations and
functions of these organisations clearly stated in laws.
Local council:
Local government works to determine and execute regulations in small area in whole
state. These are all responsible to regulate and solve all local affairs within the authorised rules
and regulation. Modern local government has two aspects in which includes both de
concentration and decentralization of power and authority. Local government according to my
research has many characteristics these are as follows: constitutional status, areas and authorities,
power and finance and local freedom with organisation are chief characteristic of local
government.

State services:
State services includes system of government that align with the government and work
should be match with government priorities, machinery and integrity with conduct, leadership
capabilities that comes in state services that gives includes in state government (Magazine,Tayur,
Ganeshan,2012). It handles the affairs of state government which handle all aspects.
Legal structure of Non profit organisations:
this is one of the most simpler form of unincorporated structure of non profit
organisations and that includes new and small groups. In that there is group of people that works
for sole objective. It is governed by a constitutions and it is legal document that governs and
contracts about members legal rights and duties of each other. So the main aim is to serve society
and solve their problems.
The charity sector:
In that charity regulations that meets conditions that are provide guidance. All voluntary
organisation not work for charity purpose.
Community sector:
In community sector includes small units that are informal in nature and take self help at
community level (Wetherly, 2014).
Illustration 1: Types of Non-profit organisations
(Source: Types of Non-profit organisations, 2018)
The non profit sector:
In that refers to the surplus of organisation that transfer of benefits through direct
investment not by managers and members of committee(..and).
After observing and deep study of research states that each learning stage connect with each
other by understand one stage the other stage should be study and learn from that.

CONCLUSION
From the above report, it has been concluded that business environment is very crucial
factor in world and it faces frequent changes that directly and indirectly affects business
proceedings. On other hand from the study about different organisation and there objectives with
their legal structure which give me the deep knowledge of different sectors. It also includes the
different stakeholders with the role of organisation to achieve their objectives and goals in
organisation.

REFERENCES
Books and journals:
Belás, J., and et. al. 2015. The business environment of small and medium-sized enterprises in
selected regions of the Czech Republic and Slovakia. E+ M Ekonomie a Management.
Bharadwaj, A., and et. al. 2013. Digital business strategy: toward a next generation of insights.
Briscoe, D., Tarique and Schuler, R., 2012. International human resource management: Policies
and practices for multinational enterprises. Routledge.
Chen, H., Chiang, R. H. and Storey, V. C., 2012. Business intelligence and analytics: from big
data to big impact. MIS quarterly. pp.1165-1188.
Groff, T. and Jones, T., 2012. Introduction to knowledge management. Routledge.
Hair Jr and et.al. 2015. Essentials of business research methods. Routledge.
Hilton, R.W. and Platt, D.E., 2013. Managerial accounting: creating value in a dynamic
business environment. McGraw-Hill Education.
Savrul, M., Incekara, A. and Sener, S., 2014. The potential of e-commerce for SMEs in a
globalizing business environment. Procedia-Social and Behavioral Sciences. 150.
pp.35-45.
Tayur, S., Ganeshan, R. and Magazine, M. eds., 2012. Quantitative models for supply chain
management (Vol. 17). Springer Science & Business Media.
Wetherly, P., 2014. The business environment: themes and issues in a globalizing world. Oxford
University Press.
Online
Types of Non-profit organisations. 2018. [Online]. Avalilable
through:<http://www.tatepartners.com.au/news/not-for-profit-or-charity/27.html>.

1