This website uses cookies to ensure you have the best experience. Learn more

Business Environment Essay

3392 words - 14 pages

Introduction to Business Environment

According to the business dictionary, the business environment is the combination of all factors that influence a company's operating situation.
The business environment can include large factors such as stakeholders: customers, clients, suppliers, distributors, owners, shareholders, employees, competitors, government bodies, media, action groups and others factors as market, economy, social and industry trends, demographics and cultural factors, referred as operating business.

So business environment is the set of external and internal factors which affects the activities of the organisation, the decisions of the business. Each organisation has ...view middle of the document...

(http://www.angloamerican.com)

This report intends to highlight the organisational purposes of Anglo American Company, by defining the type of organisation, describing the objectives of his stakeholders and the responsibilities provide towards his stakeholders with the strategies used for. In resume, this report emphasizes why different organisations do what they do and how that affects the way they operate their business and their stakeholders.

1.1 Purpose of different type of organization in the business, e.g. Anglo American business

Organisations have a variety of purposes that depend on why they were established. Some operate for profit, whilst others do not. Organisations structure themselves and operate in ways that allow their objectives to be met.
This point highlights different type of organisation, we have to consider whether similar organisations may also have different purposes, e.g. do commercial businesses just want to make a nice profit or do they have their own aims and ideals. The purpose is why a business exists.

By different type of organisation in the business, we refer to the categories of organisation.

There is a different class of business:
- the local business operates within the area
- the national business operates within one country
- the international business operates in different countries

There are different forms of legal structures as sole traders, partnerships, limited companies, public limited company (PLC), franchise, co-operative.

There is different type of sector: primary, secondary and tertiary.

An organisation can be structure in different type of company:
- private company
- public company
- government
- voluntary organisation
- charitable company

By purposes, we refer to mission, vision, aims, objectives, goals, values, profits, markets, share, growth, return on capital employed, sales, services level, customer satisfaction, corporate responsibility, ethnical issues.

In Business Environment, we have to demark private and public companies. It is important to understand the difference between private company and public limited company.

Unlike sole traders and partnerships, a limited company is an incorporated business. As a result:
- the company has a separate legal existence from that of its owners (shareholders)
- legal action will be taken in the name of the shareholders
- shareholders (and the other people) can sue the company
- this separate legal existence also means the company has greater continuity, because its existence is not ended by the death or retirement of its shareholders
- the owner have limited liability for their business debts
- The owners cannot be made to use their own wealth to settle any business debts.
(Business studies, Floyds, 2001)

An important benefit from limited liability is that the shareholders know exactly how much money they risk losing. This encourages people to invest, knowing there is...

Other Papers Like Business Environment

Business Environment Essay

1445 words - 6 pages BTEC Level 5Higher National Diploma (HND) in Business Unit 1 : Business Environment Unit Code : Y/601/0546 Assignment No : 1 Assignment Title : Assessment of Business Environment for an organization of your Choice Date Set : 10/10/2014 Due Date : 25/12/2014 Learning Outcome Covered: 1. Understand the organisational purposes of businesses 2. Understand the nature of the national environment in

Business Environment Essay

1802 words - 8 pages  Introduction: Business environment is composed of two words ‘Business’ and ‘Environment’. In economic sense ‘Business’ means human activities like production, purchase or extraction or sales of products or services that are performed to earn money. Meanwhile ‘Environment’ means the aspect of surroundings. Business environment is the set of conditions institutional, political, economical, legal or social that is uncontrollable and affects the

Business Environment

2669 words - 11 pages Business environment Introduction Business environment is the combination of two factors internal and external. These two factors influence a company’s operating situation. In other words business environment is the sum of living person, location and natural resources. In business environment internal factors include five M’s such as, man, material, money, machine and management. These internal factors change the function of business

Business Environment - 944 words

944 words - 4 pages Assignment front Sheet |Qualification |Unit number and title | | | | |Business |01. Business Environment ( Assignment 1

Business Environment - 3930 words

3930 words - 16 pages Business Environment Contents Task 1 2 1.1 Identify the purpose of different types of organisation 2 1.2 Describe the extent to which an organisation meets the objective of different stakeholders 2 1.3 Explain the responsibility of an BT organisation and strategies employed to meet them 4 Task 2 4 2.1 Explain how economic systems attempt to allocate resources effectively 4 Planned Economy 4 Market Economy 5 2.2

Business Environment - 4008 words

4008 words - 17 pages ENVIRONMENT DEFINITION The combination of internal and external factors that influence a company’s operating situation. The business environment can include factors such as: clients and suppliers, competition and owners, improvement in technology, laws and government activities, and market social and economic. 1.1 IDENTTIFY THE PURPOSES OF DIFFERENT TYPES OF ORGANISATION: Different types of people are responsible for starting them in

: Business Environment

4176 words - 17 pages affects organisation 12 7.1Give an understanding of how "business" and "cultural" affects The Body Shop 13 7.2Show why "business" and "cultural" environments are important to The Body Shop 14 7.3 Summary 15 8.Conclusion 16 9.Reference 17 1.Introduction This assignment mainly requires me to identity the purpose of an organization and investigate the behaviors of organisations and the market environment. It asks me to use 6 outcome points

Business Environment - 2855 words

2855 words - 12 pages Title: Business Environment: An In-depth Study from Organisational Aspect Course Title: Business Environment Student Id: LCC20135580 Student Name: Mohammed Fafid Miah Date of Submission: 12/12/2013 Table of Contents Lists of the Content Page Number 1. Understand the organizational purpose of businesses 4 1.1 Identify the purpose of different types of business organization 4 1.2 Describe the extent

business environment

3750 words - 15 pages  Business Environment 1.1 Identify the purposes of different types of organisations. Define Anglo American in terms of organisational purpose. A business can be owned by an individual or many, there are different types of ownership and their objectives. Most organisations big or little will aim to make a profit, government run and charities main objective will be not to make a profit but will need to make some in order to survive

Business Environment - 4953 words

4953 words - 20 pages TITLE PAGE Business Environment Assignment (2015) – (Y/601/0546) * A Qualitative Business Analysis of Two Different Organisations: - (Waltham Forest College: Public Sector and Costa Coffee: Private Business Sector). * This Process Involved Assessing the Influence of Stakeholders and the Relationship Between Businesses and The Local, National and Global Market Environments. CONTENTS LIST PAGE Introduction 3

Business Environment - 2599 words

2599 words - 11 pages Business Environment Introduction Business environment can be described as the interaction of internal and external factors that affect the ordinary operations of an organization. Whereas there are some factors that affect organizations in a similar manner, each organization operates under its own business environment that is unique to the operations of the organization. To illustrate this fact, this paper describes the business

Related Essays

Business Environment Essay 2523 Words

2523 words - 11 pages What Is Business Environment? Meaning: - The term Business Environment is composed of two words ‘Business’ and ‘Environment’. In simple terms, the state in which a person remains busy is known as Business. The word Business in its economic sense means human activities like production, extraction or purchase or sales of goods that are performed for earning profits. On the other hand, the word ‘Environment’ refers to the aspects of surroundings

Business Environment Essay 2156 Words

2156 words - 9 pages Contents 1. Introduction 2 2. Objectives 2 3. Business Environment 2 3.1. Demographic environment 2 3.2. Economic environment 2 3.3. Geographical and ecological environment 3 3.4. Legal environment 3 3.5. Technological environment 3 3.6. Social environment 3 3.7. Educational and cultural environment 3 3.8. Political environment 3 4. About Mahindra & Mahindra 4 5. Task 1. 5 6. Task 2. 6 6.1. Market Penetration 6 6.2. Market

Business Environment Essay 573 Words

573 words - 3 pages Introduction: Business environment is composed of two words ‘Business’ and ‘Environment’. In economic sense ‘Business’ means human activities like production, purchase or extraction or sales of products or services that are performed to earn money. Meanwhile ‘Environment’ means the aspect of surroundings. Business environment is the set of conditions institutional, political, economical, legal or social that is uncontrollable and affects the

Business Environment Essay 4790 Words

4790 words - 20 pages ABE Level 5 Diploma Unit Title: The Business Environment Learning Outcome: 1. Understand the significance of the environment on business activity. Please note that the content of this Lecture Guide is listed in its recommended teaching order, rather than in numerical order. Indicative Content: 1.1.1 Explain the business organisation as a transformation process: • Business organisations undergo a transformation process from inputs into