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Business environment is dynamic in nature and when it change gives direct impact on working of companies. The same is of two type’s micro (internal factors) and macro (external factors): micro consider all such things which are going on at small level like suppliers, customers, competitors and several others. On the other hand; macro includes wide level of factors such as political forces, market condition and so on. This whole assignment is based on the Habitat retail Ltd. Which is enterprise of retail sector founded in 1964 on 11th May as well founder of this firm is Terence Conran and Philip Pollock (Lee, Olson and Trimi, 2012). They are offering their goods and services only in United Kingdom and products serving by them are home accessories, furniture and upholstery. Below mention assignment has sub parts in four tasks i.e. different types, size and scope of organisation. Apart from this interrelationship of various function in the firm and how they are linked with structure of company. This also throws light on optimistic as well pessimistic impact of external environment on day to day working of business. In the last part of report SWOT and PESTEL analysis of the respective organisation is done.
There are three types of organisations public, private and voluntary sector. Description of these is given below along with this purpose also:-
Public sector: These are such companies which is controlled and managed by government of particular nation. Public company charge minimum amount of the services which they are providing to customer (Reeves, Love and Tillmanns, 2012). Because their main motive is providing services not formed for profit maximisation. Best illustration of Public sector organisation is child support agency which is introduced in 1993 on 5th April but this agency renders their offerings by the request of children’s parents. In that situation when they are out of the country or because of some agreement. Capital which is necessary for running business can be generated through charity, funds and donation given by peoples as well parents also gives money when they are giving responsibility of their child. Products provided by them are public goods, merit and essential. Legal structure of public sector company-
Private sectors: Businesses come under private sector have their own separate legal entity and these are mainly run by owner of the company but in some situation it business can be started in partnership also. Private Sector companies are running with the motive of profit maximisation because the person who are running these want standard of living for themselves as well as for their family member also. Habitat retail Ltd. Which is a retail sector company introduced in 1964 on 11th May and founder of the same is Terence Conran and Philip Pollok. They are offering only in United Kingdom and goods serving by them are home accessories, furniture and upholstery. Respective enterprise is working for earning money for their welfare. Legal structure of the Private sector company is explained below:-
Voluntary Sector: these are also non profit organisation running for social welfare and society. Apart from this it is distinct from public and private sector companies Wellcome Trust is the voluntary organisation of United Kingdom introduced in 1936 by Sir Henry Wellcome they mainly focus on Biomedical Research there are 2,057. This is the largest firm which provide services for research and the same is one of the largest in the entire world. Legal structure of this voluntary sector company is given below:-
Above discussion talk about various types of organisations and there legal structure. Which help in simple understanding such firms consider in sector public, private and voluntary.
P2 size, scope and range of organisation
Public Sector Company and its overview- Child Support Agency is private sector Company which is formed with the motive to provide support to the Act which is established in 1991 for care and safety of children. They work for both kids who have parents or don’t have when some persons are not living in same nation with their son or daughter then give authority to Child Support Agency to take care of their babies for this service the payment is done by them guardian or parents of children (Crane and Matten, 2016). On the other hand if someone doesn’t have their family then government give funds for them to support and taking care of these children. Mission, vision and value of child support agency is given below:
Child Safety Agency is executive agency of department for work and pensions and in this parents pay amount for services they are grabbing (Welter and Smallbone, 2011). This is given in the circumstances when parents have divorce, marital separation and annulment or can me various more reasons (Elliot, 2011).
Private sector company- Habitat is a limited firm which comes under private sector introduced in 1964 on 11th May. Respective business parent organisation is Sainsburys Argos and website is www.habitat.co.uk ‘they are providing several of daily consumable goods like home accessories, furniture and upholstery. Retail industry is having huge competition and main reason of this is numerous new firms are entering in this sector as well now a day’s many small stores are opening in colonies which give wide impact on business of others same sector organisation. The respective enterprise has its online site also which serving in United Kingdom, Germany and Republic of Ireland it was launched in 2009.
Mission- To grant superior quality of goods and services at worldwide level. Products must be satisfy the person they are offering in effectual manner main is grabbing entire customers of retail sector and switch them into loyal (Cotter and Fritzsche, 2014). .
Voluntary sector- This include organisation which is working for social and society welfare with no motive of profit maximisation because they are non profit companies. Welcome Trust is doing biomedical research in United Kingdom just about there are 2,057 employees working. The same trust is described by financial times which provide non- governmental funding for scientific research and largest in the world. Principles of Wellcome trust is to improve health of their ever client for whom they are working. Uses there resources, talent and energy in best manner so they can accomplish mission and vision of organisation.
Retail sector is broad and main part of business environment because it fulfils day to day needs of individual and the same industry has large number of companies some of them are ASDA, TESCO, ALDI and several more. They are providing their goods and services in different countries as well there are mainly three types of firms public, private and voluntary. Each and every company is different from each other in nature, objectives, working and for several other reasons also Zott, Amit and Massa, 2011). For example public enterprises charge least amount for the services they are giving and private organisations charge amount with the motive of profit maximisation because they are working for earning profit. So they can give better life to their family members. Whereas, this one is last who is named as voluntary company which work for social welfare or non profit firm. Habitat Retail Ltd. Is the private enterprise and their foremost objective is to be converted into world largest and most popular. Products and services offering by customers by the same organisation in good in quality and affordable by everyone this is the main reason because of that customer are satisfied.
Function of such companies is completely connected with their objective, structure and entirely depends upon the several departments and the person who are doing work. In association also there are various departments like finance and accounting which maintain records of overall funds available and invested in day to day activities or for production purpose. As well these are important for overall working of business. Marketing department is that who do advertisement and promotional actions for the fresh goods and services which is launched by same firm in market this whole procedure provides information about the products to their target customers. This aids in generating more and more income which is essential for continued existence in cut-throat competitive business environment. There is manufacturing section also in which goods are manufactured which need analysing demand and wants of customers then after that procedure of production must be started. Instead of this for this there are leader and manger in the company who manage working as well employees also.
Every enterprise have their stakeholders they can be from inside the company (owners, workers and management) or outside also (suppliers, community etc.) and are of two types mainly these are internal who is openly concerned in the activities of company and Play crucial role in the achievement of business. On the other hand, secondary is not that much main for companies and don’t gives direct impact. each type of holder have dissimilar motives like profit, growth, salary, quality of goods rendering by enterprise, fair and long term contract, interest, deposit, tax, donation, fair trade and many more (Hair, 2015).
Habitat retailer initially has to fulfil primary objectives because these are more important and essential for growth and development of business. After that then they have to focus towards the secondary stakeholders. Although, they have there own several theories i.e. normative theory, descriptive and instrumental. So organisation has to take care of their stakeholders because they give huge amount for development and growth of business.
Therefore carrying out activities of company gives impact on their structure and culture because if nonstop going process is not done in proper manner then ambience of company will effect and because of that personnel’s working can change their behaviours and manner of doing work automatically.
Every functional department are having major connection between each other because all the elements are interlinked with each other as well as interdependent upon each other. For example; funds is highly indispensable for accomplishing various other business activities such as; marketing is only possible if there is a presence of sufficient funds. It means sales department and finance have a major connection. Another example is about marketing and production like if sales section is failed in understanding the need or choice of consumer then manufacturing department can't able to design suitable product. Hence, it has been understood that every department are directly or indirectly linked with each other in various manner.
A macro environment is the exploit that refers to the economy as a entire, a small piece of in an suitable part or field. In mostly, theworldwide environmentincludes propensity in gross domestic product (GDP), expansion, employ, and spending, monetary and fiscal policy as well several other. Macro environment is broad in nature and when it modifies then gives wide impact on operations of business and need day to day activities to be analysed (Low, Chen and Wu, 2011). The macro environment is brusquely associated to the ordinaryworkas quarrel to the performance of a particular business sector. Below the mention PESTL effect in habitat retailer ltd. Description of this is giv
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