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BUSINESS ENVIRONMENT

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BUSINESS ENVIRONMENT

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BUSINESS AND THE BUSINESS ENVIRONMENT
Executive summary
In this particular study, a detailed elaboration of the business environment conditions and their possible advantages and limitations has been portrayed. An overview of the vision and mission has been discussed. There are a mix of three kind of business sectors that have been chosen that is public, private and voluntary and the names being, The BBC, TESCO and the British Red cross. Initially, the size, scope and legal structure of each organization have been explained, specifically. These are further elaborated with findings and occurrences of the micro and macro environmental factor impacting the chosen company that is TESCO. In the later part, a detailed critical analysis has been done on the factors with the help of PESTEL and SWOT analysis in precise and key points, concluding with the ultimate business environment factors, as gathered from the case study.
Introduction 
The concept of business industry has been broadening its branches drastically since early times into several categories and sectors. The kinds of business industry have made a mark in recent times by emphasizing of innovative styles of business. The self driven venturing type of business is also expanding in several parts of the United Kingdom. In fact, a large number of fresh pass outs and graduates are acquiring training on entrepreneurship, which is one of the advanced strategies to reach business target rapidly. Apart from the typical or signature business sector, there are several forms of earning established in today’s world, which are also legally registered as well as authorized by the government. 
In general, the business industry consists of three main sectors, such as the public, private and voluntary. In this scenario, three organizations, that are, Tesco, BBC and the British red Cross have been selected, which shall be broadly classified and elaborated based on their organizational structure and business environment.
LO1. P1 The motives and purposes with legal structure of each organization 
Each of the sectors comprises of specific functioning elements and a distinct functional flow. According to Prajogo (2016, p.241), the public form of business as the name suggests, are mostly focused on public welfare purposes, whereas the private category can be stated as a core profit earning quarter, based on its own criteria. The third sector is the voluntary business, that is one of the fastest growing business type and largely encouraged and initiated by a particular group of mass for the betterment of the society. It can be categorized as both commercial and non profit.
Similar to the selected firms, there are several other firms under the category of public, private and volunteering sectors. Some of the renowned companies in the United Kingdom are, 
Each of the organizations, possess different types of legal structures that can be differentiated briefly. As per Menychtas et al. (2014, p.104), the volunteering organizations are solely run by personal or corporate charities and donations and most acts of the company law are assimilated by the Royal Charter. While, the public sectors are open business bodies which serves for the general mass and public for their regular and basic needs and promotes public awareness. Some of the examples of such examples can be, the NFC, the natural England and more. Most of the public organizations are also enforced by the royal charter in UK, as per the legal structure.
Unlike the above two, the private sector can vary and are mostly considered via partnership and sole proprietorship, where the internal functioning system depends on its type.
 
P2. An outline of the size, scope and structure of the different sectors 
The motive and legal structure of the public body BBC  
The British Broadcasting Corporation of the United Kingdom is a broad governmental body that determines certain public services to the entire section of mass, which is supported by the (Ofcom) that is the office of communication, which is the main broadcasting regulat