Assignement Essay

4638 words - 19 pages

Introduction to Business Environment
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 functions of the organization. Business environment consists of two components: external environment and internal environment.  Internal environment includes of 5 M’s like management, money, machinery, material and man. On the ...view middle of the document...

These are:
a. To make (produce) items or goods to be sold: e.g. shirt factory, shoe factory, furniture maker, jeans factory, computer manufacture, boat builder and dairy farmer;
b. To provide services to be sold: e.g. banks, building societies, dentists, police, hospitals and insurance companies.
All organizations are affected by the environment (both nationally and internationally) and by the government of the day. They react and interact to each other and to professional bodies such as those of accountants and solicitors.
Thus the nature and types of organization will be constantly changing and developing in reaction to environmental changes; a business that starts as a sole trader may develop into a partnership, then a limited company, then become part of a group of companies, then be taken into state ownership and then, following a change of government, be privatized and returned to the status of a company.
Sole traders
Sole traders are single individuals carrying on a business on their own. Such businesses are usually small, although large ones with some managerial delegation do exist. The sole trader earns the profit or covers the losses of his or her venture.
The mission of a sole trader is to provide a service for a client and charge for that service. As with definition, a sole trader is usually a person who works under the listing of a business they legally own, control and 'provide' for - they pay their own gains tax (No matter how much), and own, and are the company as its registered. This can also be known as self employed. They are, however, responsible for any debts which may happen, and cannot rely on the financial protection of being employed.
Partnership
A partnership is two or more persons associated for the purpose of a business or profession. It is one stage beyond the sole trader and often arises from the need to introduce more capital or to combine skills. Like a sole trader, the partners exert considerable influence over the business and are fully liable to outside parties in the event of financial failure.
Partnership missions provide opportunities to live out God’s call for fellowship with new friends down the street and around the world. It is an investment in our partners, ourselves and the church sending us as we explore how God is at work through our partners.

There are multiple ways to experience partnership missions:
* Choose a project
* Join another team
* Explore a relationship with a people group
Companies
Companies or corporations are distinct artificial ‘persons’ created in order to separate legal responsibility for the affairs of a business from the personal affairs of the individuals who own or operate it. Since a company exists only to establish legal responsibilities, it can only be created, operated and dissolved in accordance with the legal rules governing it (e.g. the Companies Acts in the UK).
Consequently, the business debts and liabilities are those of the...

Other Essays Like Assignement

The Separation Of Capital Ownership And Control

1577 words - 7 pages The argument of whether the separation of capital ownership and control is an efficient form of organization has constantly been a controversial issue. The criticism whether the controllers’ act is in the best interest of the owners’ wills never end as long as hired managers operate management. As the number of public companies has been increasing over the course of this century, meanwhile the American style of contact based corporation has

The Versatility And Flexibility Of OLED's

1014 words - 5 pages In April 1, 2002, organic light emitting diodes gain rise in the scientific community with their published, more practical form at Ames Laboratory. “Scientists at the U.S. Department of Energy's Ames Laboratory, in collaboration with scientists at the University of Michigan, Ann Arbor, have developed and demonstrated a novel, fluorescence-based chemical sensor that is more compact, versatile and less expensive than existing technology of its

Comparing The Moral Virtues Of Antony And Julian The Apostate

1103 words - 5 pages Roman emperor Julian the Apostate and Christian leader Antony both exhibited many qualities of character during their existence. Both of them led very distinctive lives although shared several ethical values. Book 25 of “The Later Roman Empire” and the book “Early Christian Lives” show concrete evidence of this. In the following essay, I will argue how both leaders’ lives were devoted to their religious beliefs and their mutual cardinal virtues

Living In A Cashless Society

1637 words - 7 pages Money in a traditional sense no longer exists. Money is becoming much of a concept than a physical material, and most ordinary bitter have not see the reality of the switch. People today are using credit and debit cards on a regular basis and in everyday situations such as meal purchased at fast food, highway tolls, clothing, groceries, gas stations, etc. all of these means of systems could be regarded as a cashless society or world. The question

The French And Indian War: The "Real" First World War

1955 words - 8 pages The Seven Years War, or more commonly referred to as “The French and Indian War”, has been called the true First World War. In this book The French and Indian War: Deciding the Fate of North America, the author and historian Walter R. Borneman paints a detailed and elaborate picture that justifies the claim of it being the first true war of global proportions. If ever there truly was a climax to the never ending feud of the European powers

Is The Use Of Animals In Medical Research A Necessary Measure?

1513 words - 7 pages Throughout history, animals have been used in experiments to test product safety and obtain medical knowledge that benefits both humans and animals alike. Every year there are numerous medical breakthroughs, such as medications and surgical instruments, which are tested on animals to insure their safety before they are deemed acceptable for human use. Even though the results of the experiments saved millions of human lives, they are also

Education And The Evolving Job Market

2363 words - 10 pages The lives of students today are changing. They are preparing for lives and jobs that have never before existed. If teachers hope to have a significant and worthwhile impact on these quickly changing lives, they must change the way they think, prepare, and instruct our future generations. Children cannot afford to have teachers who remain stagnant in their methods and ideals. Students crave instructors that are willing to allow them to tap

Young And Relentless

1737 words - 7 pages There are numerous influences that can be responsible of teenager’s behaviors and attitude as they develop. One factor that is important to these behaviors is parental figures being over involved or uninvolved in their children’s lives. Many of these effects include illegal substance abuse, rising sexual activity, underage alcohol consumption, and tobacco use. Studies show parental participation plays a key role in the characteristics developed

The Natural Law Theory

1231 words - 5 pages Obeying by the natural law theory is the only true and moral way to live life; especially a life lived in God’s image. God’s presence is a guiding factor to obtaining a moral and virtuous life, which can only be obtained by following the natural law theory. God created a set of laws as a supreme guide for humans to live life, like any law these laws were created to ensure wellbeing for everyone. The laws he created are the civil law, the natural

Resolved: Presidential Signing Statements Threaten To Undermine The Rule Of Law And The Separation Of Powers

1811 words - 8 pages The subject of signing statements has created much debate among the houses of Congress, government officials, and the public alike. These signing statements fall under the categories of constitutional and legislative history signing statements. Constitutional signing statements are those in which the president deems certain provisions of the legislation as unconstitutional, therefore they should not be enforced (Bradley & Posner, 2006

Oppressive Systems Of Government In Egypt And Animal Farm

1529 words - 7 pages As in Egypt, Orwell demonstrates through his allegorical novel “Animal Farm” that leaders are able to establish and maintain power over a people, and in turn create an oppressive and corrupt government system. Orwell shows the significant difference in the education and levels of knowledge in the animals, and how the government takes advantage of this difference. The split between the levels of intelligence is portrayed in the first chapter when

Related Papers

Self Assignement Organizational Behavior Essay

1001 words - 5 pages Self-Assessment Score Sheet Directions: Complete the following self-assessments: A Twenty-First-Century Manager, “TT” Leadership Style, Intuitive Ability, Conflict Management Strategies, Time Management Profile, Organizational Design Preference, and Which Culture Fits You?” These self-assessments are located in Week 1 of your course shell. Read the scoring narrative provided at the end each self-assessment and record your score in the

Operations Management Essay

396 words - 2 pages Enterprise & Business DevelopmentCIPD charted institute of professional developmentACAS & CIM & CIPGrasp of significant concepts relating to HRMEvaluation of contractual relationshipsBooksBanfield and Kay 2013 Introduction to human resource management oxford university press - good on theory and caseGilmore and Williams 2013 Human resource management 2nd ed oxford uni press2 assignments 50% each, one assignement one corporate

Communication Skills In English Essay

784 words - 4 pages t 11 d,ri $: t." BEGE-103 BACHELOR'S DEGREE PROGRAMME (BDP) ASSIGNEMENT July, 2012 and January 2013 Session Communication Skills in English BEGE-103 Elective Course in English ).< $.4$\$ g##ruwex kLffi#"#'tfif Frcptc's \trtrps . Uf{IVERSITY School of Humanities Indira Gandhi National Open University Maidan Garhi, New Delhi-110068 r-cr a E'{,ECTtrV&; C$U Fd.EE N}I fl I{G LTSH {SE{Jts.- 1S J

External Analysis Almeco

1599 words - 7 pages Structure analysis Almeco CM Lab 1. Introduction The purpose of this assignement is to conduct a structure analysis of the company in order to indentify which of the factors of the environment determine the organisation of the company, what strategy should the company choose and if the company is mechanistic or more organic. As the medical industry is one of the leading industries in the Danish business world Almeco CM Lab is very