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Business operations of IKEA

University: Regent College of London

  • Unit No: 9
  • Level: Undergraduate/College
  • Pages: 14
  • Words: 3500
  • Paper Type: Assignment
  • Course Code:

    L/508/0602

  • Country: UK
  • Downloads: 0
Question :

As a business analyst of small organisation in UK investigate various size of business including analysis of environmental factor that impact on business organisation.

  • Evaluate various size and scope of business organisation.
  • Critical evaluation of interrelationship of IKEA and their link with business structure
  • Reflect on positive and negative impact of macro environment on business operations of IKEA with examples.
  • Develop strong and weak factors of IKEA and their interrelations with external macro factors.
Answer :
Organization Selected : IKEA

INTRODUCTION

Businesses environment is very important of every organisation it includes various environmental factors. This report can be explaining the different types, size and scope of organisation and it also includes this file macro and micro business its objectives and business purpose. It also defining the strength and weaknesses of the company.This report explains different kindsof business and environment in which they work, it also includes micro and macro environment. Macro environment factors involves economical changes, technological environment, cultural and economic factors. This files also giving a comparison between non profit making company or profit making organisational circumstance of their businesses structures, scope and their objectives,

TASK 1

P1) Explain different types and purpose of organisation

Business environment is considered with sum total of organisation, individuals and other factors that are related to outside control of enterprise but corporates still depend on performance of businesses. The main purpose of organisation is to identify business opportunities it is crucial for solving problems of work (Bøllingtoft, 2012). Different industry measured their size, scope, values are different types but all the firms share the same purpose to generating their profit for society, providing good and services, giving job possibility and economic growth.

Private company

Some organisation is private they have own businesses, individual like IKEA is profit making firm it providing their services in furniture by using new or modern techniques and it also manufacturing several kinds of assemble accessories items (Bryman and Bell, 2015). This industry is serving large number of consumers their variety of products.

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Purpose and objectives of IKEA businesses

This company’s main motive to earn more profit and expanding their businesses with effective providing services to theircustomer. Every private company aims to generate their profit margin and so, this industry also focuses on increasing thesales throughtarget customers.

Organisational values

The main motive IKEA is to make profit by selling their furniture items andpropose to achieve the organisational goal they main their businesses long term strategies and implement their effective plan like how to increasing their productivity, how to maintain their businesses stability (Cavusgil,and et.al, 2014 ). The legal structure of this company is to earn profit but also implement government rules and regulations; they have own legal identity their rights.

Public company

Public organisation sells their shares in itself to the public to increase their capital and main motive to earn profit as well as providing customer satisfaction to their goods and service. Tesco is a public company; it sells their products like groceries and general merchandise retailer.

Purpose and objectives of Tesco businesses

This organisation’s main purpose is to earn their profit with providing customer satisfaction. It is also providing a variety of their products and this firm is increasing their business productivity (Cavusgil,and et.al, 2014). The objective of this industry is to develop their economic growth through providing various job opportunities.

Organisation values

Tesco’s main purpose is to expand their businesses in the UK market as well as a public company it play a very vital role in economic it main not only earn more profit as well as providing customer satisfaction and achieving the goal of business. The legal structure of this firm’s economic growth follow all those rules which is set by UK government.

Non-profit organisation

Non-profit company refer with raise money not for benefits the donors, they allow paying workers it includes providing their services poor people feeding the homeless peoples, the main motive this types of organisation is to providing their service social welfare. Help those people who are not able to do work. So these types of company providing food, shelter, medical facilities, schools for their children so many services for the aim of growth of economic.NHS organisation is also non-profit organisation.

Purpose and objectives of NHS businesses

This company is main motive to providing their service for social welfare. Non-profit organisation two important financial purpose, it exempts from some taxes, means people contributes their money in form of donation the reason is behind that they will not ready to pay their tax so they show easily while providing their money on social welfare. This firm also providing their service poor people and some many large number of people contribute their money for public welfare. The legal structure of this company government also help to providing fund help for public and they have liabilities of individuals.

Legal structure of different organisations

Private organisations such as IKEA have separate legal identity. Shareholders get rights in the firm and they cannot sell their shares to general public in any circumstances. Each shareholder has right to give vote and influence decision of the organisation. Company has to share its profit detail at the end of fiscal year. It is very important for the private limited company that to complete all legal documentation requirements such as memorandum of association, article of association etc. It has to follow all requirements of company act. On other hand public limited firm such as Tesco can sell its shares on stock exchange. Board of directors take decision for the firm and on behalf of shareholders. Public firms are considered as actual legal firm because shareholders get all the benefits and rights in the business. Volunteers or non-profit firms have different legal structure as compare to limited entities. It is governed by government. It cannot be formed as corporation. Under 501 (C)3entity receive benefit of tax exemptions.

P2) Explaining the size and scope of different types of organisations

There are generally three types of companies like private, public and non-profit.They have lawful identity in its own decisions. Hence, the assets and all other properties are owned by firm but not their individual person on other hand the assets of the associate are not for company use. The liabilities of the person is small. Size and scope of different firms given below

Private organisation

IKEA is a private company must have minimum one share holder but firm can offer large share to their public. However, the industry can offer large number of shareholder who want to start business in contract with this corporations. It has been noticed that public limited organisation have started as a public limited company.

The scope of IKEA is depended on their product types, they produce large number of furniture item for increasing their sales and they also supply their product in UK market. The main scope of this company to diversify their businesses and providing qualities of product to their customers. The goal of this corporations improve their business performance and sleeting their mission is to provide the scope of this company.

Public organisation

Tesco is a public company has maintained unique rules and regulations to maintain their work profile with London Stock Exchanges to selling their shares to general people.This company registered with all the legislation and the shareholders of this firm select the individual who makes decision about matters such as marketing growth and investment. The size of this company is wider and main mission to achieve the goal of the businesses

The scope of this company to expand their business all over nations and earning more profit providing customer satisfaction as well. This organisation scope also depend on their product qualities and services. The main scope of this firm in wider term to expand their work and giving the lot of jobs opportunities.

Non-profit organisation

NHS is a charity company has broad mission is that however against a very large business with using more resources the risk may be too much but high sustain protection to the peoples. The size of this company large number of employees, it is fifth biggest employer in all over world. It includes 1001 to 5000 employees in their hospital, large number of branches in globally.

The scope of NHS is very strongly hospital belonging to the community and all most people 8000 per day on their hospital site, it also cover small size town. This hospital play very vital role in economic they providing best qualities services to the people the main aim of this hospital to giving best service their patient and expand their work whole countries.

The scope of IKEA is depended on their product types, they produce large number of furnitures item for increasing their sales and they also supply their product in UK market. The main scope of this company to diversify their businesses and providing qualities of product to their customers. The goal of this corporations improve their business performance and sleeting their mission is to provide the scope ofthis company.

  • Public organisation

Tesco is a public company has maintained unique rules and regulations to maintain their work profile with London Stock Exchanges to selling their shares to general people.This company registered with all the legislation andthe shareholders of this firm select the individual who makes decision about matters such as marketing growth and investment. The size of this company is wider an number of employees work theirand main mission to achieve the goal of the businesses

The scope of this company to expand their business all over nations and earning more profit providing customer satisfaction as well. This organisation scope also depend on their product qualities and services. The main scope of this firm in wider term to expand their work and giving the lot of jobs opportunities.

  • Non profit organisation

NHSis a charity company has broad mission is that however against a very large business with using more resources the risk may be too much but high sustain protection to the peoples. The size of thiscompany large number of employees, it is fifth biggest employer in all over world. It includes 1001 to 5000 employees in their hospital, large number of branches in globally.

The scope of NHSis very strongly hospital belonging to the community and all most people 8000 per day on their hospital site , it also cover small size town. This hospital play very vital role in economic they providing best qualities services to the people the main aim of this hospital to givingbest service their patient and expand their work whole countries.

P3) Relationship between variousorganisationalfunctions and their linking with structure and objectives

Organisational structures are dependent upon the enterprise functions, the objective of thecompanies to serve their customer as well as earning profit. The function of IKEA organisation is is given below.

  • Product development

IKEA focus on their product services, this company expand their business through large number of stores available in all over the world. Theaim of this organisation providing well designed home furnishing products at possible prices means low prices that as many customers areeasily afford them. They also focus onproduct qualities, they develop their product through effective plan and strategies like they follow social media page, through best advertisement. The main function of this firm to design home based items, in according to customer demand. Qualitiesand function are the most important but these are not compromise with consumer, similarly prices never agree function and technical quality.

  • Communication

IKEA maintain their relationship with existing customer as well target customer through effective communications. It is very important function of the organisation, it helps to increasing their sales, productivity of the businesses. Theyalso maintain their relation each department with their workers.

  • Specialisation

IKEAproduce their product in using modern techniques, this is the best idea for improving the performance their businesses.They promote their work all over the world with providing effective goods and services. This function is very smooth it gives the different elements for growing their work by experts and their efforts are organization to attain the desired and product.

  • Research and development

IKEA also focus on developing their new product services or improving their existing product items through research and development function. It is very important function , it helps to identifying the demand of customer as well as which types of technologies are used for developing their services. This function is referred with new ideas activities this company is developing new product, it is the main function to grow their business potential for the production process.

These are function are interrelated with organisational structures, IKEA company main motive to increase their work performance according to customer demand. This firms can make their decision for maintain their organisational structures. It is very helpful for defining the character of firm mean organisation structures giving the information of the company like, business growth, particular employees, positions, department, worker responsibility. Some important this firms structures given below.

  • Functional structures it refers with the people who do similar work are team together based on speciality so all the manager are placed in the human resources' department and so on other placed in financing department. IKEAmake a decision very fast because the team member can easily communicate with their seniors, they can also learnfrom each other and complete their task on time and improve their skills.
  • Divisional structures it also related with IKEAcompany group of employees into work in team, they divide their duties on different department and particular object or product. For example this company operate different furniture product item sell through whole sellers, retails department. The division of labour in this types of structures sure employees making similar product can achieve their work efficiency and higher outputs.
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