Explain The Business Environment Of Metro Bank

The collection of private, commercially oriented organizations, ranging in size from sole proprietorships to large corporations is referred to as

A private sector business is a business that is part of the economy that is not state controlled. It is run by individuals and companies who are mainly for profit. These businesses are not owned or operated by government. An example of a private sector business would be ASDA. Asda Stores limited is an American owned, British founded supermarket retailer. The company has been a subsidiary of the American retail company Wal-Mart since July 1999, and is now the second-largest supermarket chain by market share (Corporate Watch 1996-2014).  The company provides normal goods for the public. They offer service to the public and strive for excellence business. I chose this example because ASDA is a large company that is aiming for profit and it is a private sector business.

Businesses and industries that are not owned or controlled by the Government. Private Sector organisations operate privately to make a profit with income generated from the sale of their products or services. Although many private sector firms are owned and controlled by individuals, many are owned by groups of people; for example, companies may be owned by shareholders, who have invested in that company.

Every organisation has a different organisational structure. The private sector is funded by private investors, these invest capital into a business in hope of returning a greater capital in the future, they are generally profit drive. A public sector is an organisation generally funded by the public and state. The organisations are required to offer a service which will benefit the whole of society for example the NHS. A voluntary sector is an organisation based on non-profit, and are not funded by the state. They are used to fill gaps within the market which private and public sectors cannot do. The company I work for would fall under the private sector, our company has directors and business partners who put money into the company or use our services to benefit their own companies.

In the large corporation of Regions Bank, there are many specific details involved in creating and maintaining the perfect organizational structure. It takes efforts from the managers and leaders to implement a design to promote stock holder profits, growth, and stability. In this organization there is a cycle that is used that involves four functions of management. Regions Bank also utilizes two strategies to create and maintain a healthy organization.

Business can divide to profit organization and nonprofit organization. In fact, the operation of non-profit organizations and businesses are required to produce the same benefits, but the difference is that non-profit organization is advocated for the organization of services and service content of the object of interest, which think alike often regarded as the main features of such organizations. Volunteer is one major program in nonprofit organization. In my business class, I joined in a volunteer program. Every Friday, I had to go to primary school teach students. Volunteers are employees in most nonprofit organization. Volunteers are very helpful. Volunteers work is a social welfare organization and responsibility. It based on the participation of behavior. I gain lots experiences in volunteer program because volunteers help people in welfare activities because I did not receive any remuneration, and to sacrifice their own free will engage in welfare, mental health and community development. In addition, it is an organization of altruistic behavior; I can help others or to the environment based on useful activities and can directly help others in various fields. Lastly, on the participation of the public, I have a good behavior and attitude of social responsibility in response to an act which is not asking for anything in. Volunteer to participate in voluntary activities, motivation. After this program, I become self-orientation, the participants focused

A private organisation is a Company run by an individual, partnership or shareholders. These companies are run for profits which are paid to either the owner/s in which case it is privately owned or its shareholders in which case the shareholders own the organisation. An example of these companies would be Local trade businesses, large commercial organisations and retail stores (Australian Institue of Company directors, 2011).

Non-profit organizations do not belong to the commercial sector or the public sector, but occupy an intermediate position. It gives

A not for profit organization is a corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive (Legal, 2013).” There are immense community benefits as a not-for-profit generally accepts everyone regardless of ability to pay. Nonprofit organizations are granted tax-exempt status which helps them to provide services to the public and are expected to be effective managers of their finances as well as being efficient (Financial Management, 2010). In doing so, they can gain exemptions from federal and state incomes taxes and have the ability to solicit tax-deductible contributions (Financial Management, 2010). Organization must follow legal financial

Private Sector Organizations: Private Sector Organizations operated and owned by the private individual instead of government and usually aimed to make profit for its shareholders. Around the world the most business activities are in private sectors. Some of the well – known private sectors organizations are: Coca-Cola, Google, and Amazon.

     A businesses environment creates many opportunities as well as problems for prospering businesses. The environment determines what a business can do by shaping and channeling its development. Businesses function within an environment by allowing entrepreneurs to raise capital and create profits freely. The supply of money available within a business as well as the economic stability through times of growth and recession have strong effects on businesses. Not only is the physical environment, including natural resources, pollution and energy as discussed previously, important, but many other

In this term of our discussion we’re talking about business environment. It’s like an overview of the whole business environment. Simply environment of a business means the external forces including the business decisions. They can be forces of economic, social, political and technological factors.

In today's world, no business operates in isolation without interacting with the environment where it operates. Irrespective of the nature of business whether public or private organization; manufacturing; service industry; local or international firm, its operations are inhibited by the environment in which it operates.

This project will explain in detail the structure of those organisations,list the documents required to set up every single one of them and will also mention about financial accounts needed to inform stakeholders about the business activities.

P1 Explain different types and purposes of organizations; public, private and voluntary sectors and legal structures. [AC 1]