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BUSINESS SIZE AND SCOPE

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BUSINESS SIZE AND SCOPE

BUSINESS SIZE AND SCOPE

Introduction

The economic development of the country depends on their industrial business. If the government of country is able to develop their industry, it can bring improvement in the financial condition. There are different kinds of organisations like private, public and voluntary in the country. Different organisations serve different role like public service in the country for developing the economic condition. Henceforth, in order to run the organisation in the effective way, the business authority needs to make effective research on the market. In order to analyse the macro environment of the venture, PESTEL analysis will be done. On the other hand, SWOT analysis helps to analyse the micro environment of the organisation. In order to run the business in the appropriate way, scope and purpose of business will be provided. The organisational theory has been analysed for develop the study. Therefore, the study on business types and size will provide clear conception about the role of industry in the contemporary era.

Activity 1

P1 Different types and purpose of venture

 

There are different types of organisation like private, voluntary and public in the country. As mentioned by Holsapple et al. (2014, p.140), the economic growth depends on the organisations of country. Therefore, Oxfam is taken as voluntary venture, the Child Support Agency is taken as public sector and NLCCE (North London Chamber of Commerce and Enterprise) has selected as private sector. The purpose and types of venture are followed by-

Oxfam (Voluntary Venture)

The voluntary sector is a non-profit sector, which fights for providing justice to the people of the specific country. As commented by Achtenhagen et al. (2013, p.440), the voluntary sector helps to enrich the society in the appropriate way.

Oxfam is a voluntary sector, which was established in the year of 1942. The motto of Oxfam is to help people, who are suffering from poverty. They help people as they can lead their life in the healthy way (oxfam.org.uk, 2017). 

Purpose

The purpose of voluntary ventures is to help poor people as they can lead nutritious life.  In case of Oxfam, they try to provide different types of services like providing meal, financial and so on for removing poverty.

North London Chamber of Commerce and Enterprise (NLCCE) (Private sector)

According to Teece (2014, p.350), private sector helps to improve the economic condition of the country. It provides employment to the people as they can earn money for living.

 However, North London Chamber of Commerce and Enterprise (NLCCE) is the private sector, which offers effective membership to the business authorities for running their business in the appropriate manner. The head quarter of the venture is at Hertford road, UK (nlcce.co.uk, 2017).

Purpose

The purpose of private sector is to bring economic development of the country. In case of NLCCE, the authority provides support to the business ventures for expanding their business. They try to increase employment of the people in the respective country.

The Child Support Agency (Public Sector)

As per the viewpoint of Longenecker et al. (2014, p.56), public sector is under the government of the country. The government provide payment to the employees of public sector. The public sector employees serve to the public as they do not face any kind of problems related to requirement.

The Child Support Agency is the public sector, where the employees try to provide support to the children and their parents. The agency has established in the year of 1993. They provide child maintenance service (CMS) as the child can grow up in the effective way (gov.uk, 2017).

Purpose

The purpose of public sector is to serve people of the country as they can complete their regular duties like handling finance account in the perfect way. Children Service Agency helps to provide service to the children of the country.

M1

 

Business objectives depending on business size and scope

 

NLCC

As NLCCE provides membership to the authority of the business ventures, they try to select an area, where they run their business. As asserted by Teece (2014, p.350), if the venture is able to maintain their structure, they can run business perfectly. Therefore, NLCC sets their objectives as the employees of NLCCE can manage properly.

Oxfam

On the contrary, Longeneckerv et al. (2013, p.53) stated that, if the ventures are aware of their scope in the market, they can set effective objectives for achieving their goal. In case of Oxfam, as it provides worldwide service, they try to remove poverty from the specific area. As their size of venture is huge, they can bring effective outcome.

Child service agency

As commented by Vahlne and Johanson (2013, p.200), the objectives of public sector are approved by the government. In case of Child Support Agency, the authority sets their objective to provide support to the children of the country. As the structure of venture is handled by government, it helps to bring positive outcome.

P3

 

Interrelationship with different functions and linking with structure

 

As mentioned by Mason and Brown (2013, p.215), different organisations like public, voluntary and private serve different services like providing guidance, controlling finance and many others. The different organisational functions help to solve the problems of different ventures. For example, it is seen that, in the venture, the finance department follows the financial part of the venture whereas, the managing department notices the production of enterprise. Therefore, different ventures are internally connected.

It is seen that, the private sector needs to provide tax to the government from their income. Therefore, the government pays employees of public sector for their services.

On the other hand, public and private both sectors contribute money to voluntary sectors for developing their services. Thus, the functions of organisations depend on different ventures.  

The Child Support Agency

As child support agency is the public sector, the stakeholders are employees, surveyors and many others. They collect data from media and provide service to the children.

Oxfam

As it is a voluntary sector, they recruit many employees for removing poverty. Therefore, they link with media as media provides information to the authority of Oxfam. Therefore, they give their services to the users.

NLCCE

As it is a private sector, the authority needs to provide tax to the government. In time of marketing, they prepare the marketing team for earning effective outcome in the contemporary competitive market.  

M2

Advantages

 

As NLCCE is the private sector, they can provide employment to the huge number of people in the country. However, it helps to expand the business of the authority of NLCC.

On the other hand, the employees of NLCCE need to keep information about the share market as they invest money. Profit of share market helps to gain huge success to the organisation NLCCE.

Disadvantages

 

As NLCCE is the private venture, they need to provide tax to the government. It considered as the disadvantage of the enterprise.

Many a time, the employees are not able to perform in the effective way. Therefore, production of venture is decreased. 



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