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Scope of Business and the Business Environment

University: University of London

  • Unit No: 8
  • Level: High school
  • Pages: 16 / Words 4043
  • Paper Type: Assignment
  • Course Code: N/A
  • Downloads: 300
Question :

Some of the questions in the assessment are as follows:

  • What is Business Environment?
  • Explain Private organisation.
  • Discuss Size and scope of types of organisation.
Answer :
Organization Selected : Tesco

INTRODUCTION

Business environment is a sum of internal and external factors and these factors affect the company directly or indirectly(Berg and Ostry, 2017). It is a broader term that consist of several elements such as competition, level of employment, customers, suppliers and so on and the main motive of firm is to accomplish complete the goal in a limited time frame. Tesco is renowned brand in UK which deals with wide range of items such as groceries, home appliances and financial matters. Its aim is to deliver excellent services to meet the demand of customers.

The report cover types, size and scope of business enterprise and interrelation between various departments. The impact of macro environment on decision making play the important role in a competitive era. The report also includes interrelationships between various functions of an organisation. Also, it includes SWOT analysis of specific organisation which determine the level of competition and productivity of a firm. The report comprises of strength and weakness that have a major cause on capability and determining the resources of a business.

Various kinds of organisation

Organisation is an entity that consist of people or group in order to achieve the well defined goals(Broséus and et. al., 2016). The manager is responsible for conducting various activities so that task are achieved in a proper time and work is divided according to their specialised skills. There are various types of organisation that is presented below underneath:

Public organisation:These are managed and operated by government as they provide goods and services for the welfare of public(Cooper and Marshall, 2018). Public organisation raise money through direct and indirect taxes collected from individuals. They have large amount of financial resources which is used for the benefit of the community. BBC is considered as the best example of public limited company.

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Purpose: The main motive of public limited company is to maximize the wealth of shareholder value. The firm put their emphasise on corporate social responsibility and its focus is to expand the business operations in different parts of country to generate sales.

Local government: It is the authority that control their management and operation in a particular district of a country.

State government: This government share political autonomy and is responsible for creating state legislation.

Central government: It has one cabinet that is ruled by the prime minister of the country and its role is to protect the right of citizens.

Private organisation: These are owned and managed by ownership or private individuals and their purpose is to make huge profit(Coppin, 2017). The benefit of private organisation is that it render best infrastructure amenities and best services to its customers. Tesco is one of the popular company that provide wide range of services to its custome

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