Understand The Business Environment
Private Sector
The private sectors are part of the economy that is not government controlled, and is run by individuals and companies for profit. The private sector encompasses all for-profit businesses that are not owned or operated by the government. In the United Kingdom there are many private businesses that have sole traders, partnerships, companies and franchises. The sole trader is the most common form of business ownership and is found in a wide range of activities (e.g. window cleaning, plumbing, electrical work, busking).
Advantages:
Limited liability – This is the most important advantage of incorporation. Limited liability protects the personal wealth of the shareholders
Easier to raise finance – both through the sale of shares …show more content…
This is internal so it’s made by employees and manager. All of our internal work is projected outwards by the businesses reputation and other ways that people outside the company view our services. The external Influence is the way we receive feedback from customers, suppliers and our competitors. Also it is how we let that influence us internally to make the company image look better so we will end uo getting more customers and create a positive name for the company.
2.2 Explain the use of different models of analysis in understanding the organisational environment An Organisational Analysis is a way of reviewing the development, working environment, personnel and operation of a business or something else associated with businesses.
There are many different models of analysis in many different organisation but the most common three are Activity Diagrams, Business Domain Models and Competitive Comparison …show more content…
For example if the a company started out with 1 manager and 10 employees, if the building wasn’t updates or extended to make it a little bigger there wouldn’t be room for more employees to work so the company won’t get any bigger. At Delta Auto Parts (the company I am currently working for) the managers and owners made the decision to expand the storage room for all the car parts we sell. Then they ordered a lot more car parts in do we would have more to sell. Now the company is earning more money and has become very well know within Havering and Barking areas and we have over taken many competitors in sales that we would never have imagined over taking at least for the next couple of
The private sectors are part of the economy that is not government controlled, and is run by individuals and companies for profit. The private sector encompasses all for-profit businesses that are not owned or operated by the government. In the United Kingdom there are many private businesses that have sole traders, partnerships, companies and franchises. The sole trader is the most common form of business ownership and is found in a wide range of activities (e.g. window cleaning, plumbing, electrical work, busking).
Advantages:
Limited liability – This is the most important advantage of incorporation. Limited liability protects the personal wealth of the shareholders
Easier to raise finance – both through the sale of shares …show more content…
This is internal so it’s made by employees and manager. All of our internal work is projected outwards by the businesses reputation and other ways that people outside the company view our services. The external Influence is the way we receive feedback from customers, suppliers and our competitors. Also it is how we let that influence us internally to make the company image look better so we will end uo getting more customers and create a positive name for the company.
2.2 Explain the use of different models of analysis in understanding the organisational environment An Organisational Analysis is a way of reviewing the development, working environment, personnel and operation of a business or something else associated with businesses.
There are many different models of analysis in many different organisation but the most common three are Activity Diagrams, Business Domain Models and Competitive Comparison …show more content…
For example if the a company started out with 1 manager and 10 employees, if the building wasn’t updates or extended to make it a little bigger there wouldn’t be room for more employees to work so the company won’t get any bigger. At Delta Auto Parts (the company I am currently working for) the managers and owners made the decision to expand the storage room for all the car parts we sell. Then they ordered a lot more car parts in do we would have more to sell. Now the company is earning more money and has become very well know within Havering and Barking areas and we have over taken many competitors in sales that we would never have imagined over taking at least for the next couple of