Assignment: Business Environment

Table of Contents:

Executive Summary...................................................................................................................3

Assignment I- Task 1

P1. Type of business, purpose and ownership...........................................................................3

P2, M1. Different stakeholders that influence the purpose of the business...............................3

D1.Influence of stakeholders…………...………………………………………………..…...5

Assignment I- Task 2

P3, P4. Describe how two businesses are organized, and how the structure helps the businesses in fulfilling their purpose……………………………………………………….....5

Assignment II- Task 1

P5, M2. Two contrasting environments influence on business, and their challenges................8

P6, M3. Political, Legal, Social factors and challenges that affect the two businesses ...….....8

D2 Changes in political, legal, social, and economic factors may impact on organization strategy……………………………………………………………………………………......9

Bibliography............................................................................................................................11

Executive Summary:

The business environment is a mix of all the internal and external factors that have influence on the business. All the factors that are under the control of the business do not form part of business environment. Some of the examples of these factors affecting business operations are customers, suppliers, competitors, industry trends, cultural and social factors, government activities, laws etc. It is all about the environment in which business operates. In this study, we have considered two different companies from different industries. Those are: IBM and GM Motors. These companies have been accessed in different economic environments on the basis