Explain the different types, size and scope of organisations 1

LO1: Explain the different types, size and scope of organisations...3Tasks 1: You are to write an individual report explaining the followings to the CEO:...3LO2: Demonstrate the interrel

LO1: Explain the different types, size and scope of organisations 3

Tasks 1: You are to write an individual report explaining the followings to the CEO: 3

LO2: Demonstrate the interrelationship of the various functions within an organisation and how they link to organisational structure 9

Tasks 2: You are also asked to write a report on the interrelationship of the various functions within VinFast and how they link to organisational structure 9

LO3: Use contemporary examples to demonstrate both the positive and negative influence/impact the macro environment has on business operations 12

Task 3: Demonstrate both the positive and negative influence/impact the macro environment has on VinFast Auto’s operations You MUST use PESTLE model 12

LO4: Determine the internal strengths and weaknesses of specific businesses and explain their interrelationship with external macro factors 14

Task 4: Determine the internal strengths and weaknesses of VinFast and explain their interrelationship with external macro factors You MUST use one of the Internal Environment Analysis models taught in the class 14

REFERENCES 16

This report is about Business and Business Environment The writer has learned about the types, sizes, scope, and interrelationships between functions and business environment of VinFast Auto In the article there is an analysis of different types of organizations; Size and scope of organizations; the interrelationships of different functions in VinFast and how they link to the organizational structure; VinFast's PESTLE and SWOT models The data sources used by the researcher are fully attached In addition, this essay also timely analyzes the key factors to make Vinfast more and more developed, reputable and has a foothold in today's difficult market.

LO1: Explain the different types, size and scope of organisations.

Tasks 1: You are to write an individual report explaining the followings to the CEO:

1.1 Different types of organisations.

1.1.1Differences between for profit and not for profit and non-government organisations (NGOs).For profit organisations Not for profit organisationsNon-government

A for-profit organisation is one whose primary goal is to increase the wealth of its owners or to make a profit from its operations

An NPO is a company created to offer goods and services to the public and runs under the tenet that none of its members would partake in the company's earnings or losses

An NGO is a non-governmental organisation that was founded by regular

To gain profit The majority of businesses are for-profit entities that provide a good or service to their clients

To advance any desirable cause, including trade, science, research, or the arts

To promote awareness of issues such as women's empowerment, human rights, and the economy as well as society

For example Airlines, Fast food NHS, Universities UNICEF, The Asia Foundation

1.1.2Micro, small, medium-sized enterprises (SMEs) Different business purposes, objectives andsupply of goods and services.

Micro, small, medium-sized enterprises (SMEs) can be divided into three types based on their size: micro enterprises, small enterprises and medium enterprises.

In Vietnam, according to Article 6, Decree No 39/2018/ND-CP dated 11/03/2018 of the Government, stipulating:

In the areas of forestry, fishing, industry, and building

Entire financial

In the areas of services and commerce

Entire financial

Micro-Enterprise improve purchasing power, cut production costs, and bring convenience in addition to producing high-quality jobs in the desired field In low-income communities, even the government supports the growth of microenterprises It promotes economic growth and benefits businesses as well In addition, such businesses aim to promote sustainable development.

Small and medium-sized enterprise

Small and medium-sized enterprise strengthen the market's competitiveness, act as a driving force in the industry, and better meet customer demands SME production of goods and services is involved As a result, they boost domestic exports and investment while shaping the GDP.

Micro Enterprise

-Promoting commerce and industry in an economically underdeveloped area is one of the major goals of microenterprise Thus, it promotes the growth of the economy The inclusion of underdeveloped areas in the national development strategy is made possible by microbusinesses To promote regional development is their goal.

Small and medium-sized enterprise

Small and medium-sized businesses increase employment opportunities, promote economic growth in rural and undeveloped areas, balance regional disparities, and guarantee the best possible use of untapped resources throughout the nation It also raises people's quality of living by ensuring an equitable distribution of wealth and income and by addressing the unemployment issue.

Supply of goods and services

The following types of firms are categorised as microenterprises: small farmers; street vendors; carpenters; plumbers; independent mechanics; lawn and landscaping service providers Microenterprises include those who own bakeries, caterers, dry cleaners, tailors, and seamstresses.

Small and medium-sized enterprise

In many nations, it include retail or service ventures like convenience stores, mini-marts, bakeries or delicatessens, hairdressers or tradespeople, hotels, motels, photographers, very small-scale manufacturing, and Internet-related ventures like web design and computer programming Professionals including lawyers, accountants, dentists, and doctors run small enterprises (although these professionals can also work for large organisations or companies).

partnerships and private limited companies.- Sole Trader

A sole trader is essentially an independent contractor and the only proprietor of a company This is the most basic corporate structure.

You must inform HMRC that you file a "Self Assessment" to pay your taxes in order to register as a sole proprietor Following that, you will need to report your income on an annual tax return You will be accountable for the company's profits and losses, and you must maintain accurate records of all receipts and payments.

- Partnership

A partnership occurs when two or more persons join forces to start a business, and each partner is jointly responsible for the success of the venture Each partner will receive a portion of the profits, and each partner is responsible for covering their own tax obligations.

- Private Limited Company

Small businesses that are privately held and whose liability is constrained by shares tend to be private limited companies There aren't many stockholders because the company is small and privately held Furthermore, private limited corporations are unable to list their shares on the stock exchange because the shares cannot be openly traded Because it enables them to reduce personal risk and seek protection from personal liability, many SMEs operate as private limited liability companies in order to obtain capital through the selling of shares.

1.2Size and scope of organisations.

1.2.1Differences between large, medium-sized and small organizations including objectivesand goals, market share, profit share, growth and sustainability.

Large organizationMedium-sized and small organizationsObjectives and goals Wider, more fields Narrower, more direct

Market share To having a broad market presence Deeply integrate themselves into a smaller

target market

Growth Better growth due to high stability Poorer growth due to high flexibility

More sustainable because the source of capital attraction to maintain business operations is high

More difficult to be sustainable because the source of capital attraction to maintain business operations is low

1.2.2Global growth and developments of transnational, international and global organizations.International organizations have one home country that serves as their operational hub Only

domestic goods are imported or exported by these businesses Therefore, there is no foreign direct investment outside of the home country and the offices are solely present there The domestic market in one's own country serves as the key source of both functioning and tactics They must continually react to domestic trading customs For example: Apple, Spencers

Global organizations despite having sites across several nations, they have managed to

develop a single corporate culture and a single set of procedures that support a more effective and efficient single global corporation For example: McDonald's

Transnational organizations are far more complicated than that It is a business organisation

that runs substantial buildings, conducts operations across several nations, and does not identify with any one of them as its national home The ability to maintain a higher level of

global firm For example: Unilever, Microsoft, Pepsico Foods, Nestlé, Honda

1.2.3Differences between franchising, joint ventures and licensing.

It is an arrangement in which the franchisor grants the franchisee the right to utilise their brand or business model as an independent subsidiary of the franchisor's company in exchange for a fee (franchiser)

It is an arrangement in which two businesses share resources or offer support to one another in exchange for a payment and a certain amount of time.

In a licencing agreement, a business (the licensor) charges a licensee a royalty in exchange for giving them the right to utilise its intellectual property (IP) or create its

Control Franchisee is under the

franchisor's control - Licensee is not under the control of the licensor

Franchisee receives access to a regionally diverse market without sacrificing the value of their brand Franchisee receives ongoing assistance from the franchisor to grow an existing prosperous firm.

Acquire new knowledge integration in the market Improves the brand's value.

By relying on a strong brand and removing competitors, the licensee enters the market Franchisees only have a limited amount of control over how the firm is run.

The eventual exploitation of the licensor's IP rights is not under its control.

Industrial structures

Considering the concentration and competition in the market is one of the key techniques to examine industrial structure The degree of industry concentration, or the share of sales generated by the biggest companies, often determines the level of competition Perfect competition, duopolies, oligopolies, and monopolies are some typical industrial structures.

Competitive analysis

In order to understand the products, sales, and marketing strategies of major rivals, one way is to do a competitive analysis Conducting competitive market analysis has many advantages, including helping businesses execute stronger business plans, get rid of rivals, and gain market share

Porter’s Five Forces framework is a systematic approach for analyzing industry structure.

1.2.5Market forces and economic operations e.g scarcity and choice, supply and demand,income elasticity.

- Market force are what determine how much something costs and how readily it's available It

essentially describes how market economies function.

- Economic operations: when a project is run economically, its overall benefits are maximised

while its overall expenses are minimised and a predetermined predetermined prior period coverage (PPC) allowed margin is maintained.

- Choice and scarcity: There are a finite number of products and services that can be created at any

given time This is due to the severely insufficient current resource supplies Land, labour, capital, and entrepreneurship are some of these resources.

These production inputs, also known as factors of production, are utilised to create the items and services that are classified as economic goods and have a price These facts support the Law of Scarcity, which asserts that while human desires are essentially limitless, the resources available to fulfil these desires are scarce Scarcity is thus explained as the primary issue in every civilization The primary economic issue of choice is caused by a lack of resources A society must make decisions because it cannot provide all of the goods and services its citizens desire.

To generate one good, one must decide to produce less of another good Choice therefore requires giving something up Every community therefore has to decide what it is ready to give up in order to generate the products it values the most.

- Supply and Demand: Economists contend that this assumption is sound since price changes

happen considerably more quickly than changes in other variables that could influence supply or demand Changes in taste, shifts in the status of the economy, and long-term adjustments to manufacturing capacity are a few examples of these additional elements (such as the construction of a new factory).

- Income elasticity: The relationship between a product's demand and a consumer's income is

described by the economic concept of income elasticity To put it another way, a person's income elasticity determines whether or not he will buy a thing if his income increases or decreases Companies therefore need to understand how customers will respond if their revenue changes.

and expectations.

A stakeholder is a party with an interest in a business who has the potential to influence or be affected by it A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders Businesses constantly and inescapably experience the effects of stakeholder requirements and expectations Businesses are set up and run to make profit for its owners and investors, therefore they exist to match the expectations of a single stakeholder in particular Due to their potential to both assist and obstruct business operations, other stakeholders must also be taken into account For instance, a company should show consideration for the local areas where it operates because doing so enhances its reputation and expands its market presence On the other side, if the company decides to disregard the host community, this will reflect poorly on its reputation and, if things get out of hand, may lead to additional sanctions.

LO2: Demonstrate the interrelationship of the various functions within an organisationand how they link to organisational structure.

Tasks 2: You are also asked to write a report on the interrelationship of the various functions within VinFast and how they link to organisational structure.

The various functions within an organization:Marketing

Includes everything a business does to determine the demands of its clients and provide goods and services to suit those needs The marketing function also entails deciding how products and services will be supplied, promoting products and services, and creating a price strategy to gain market share while maintaining competitiveness.

Planning, securing, and managing a company's financial resources are all parts of the finance role Finance managers forecast both short- and long-term capital requirements and consider how borrowing will affect the company's bottom line.

HR (Human Resource)

HR is the function that is concerned with people who are an integral part of an organisation It is a business function that is dedicated to attracting, engaging, and retaining employees The HR department in an organisation is entrusted with various responsibilities Some of these include hiring new employees, conducting performance reviews, providing employee training, managing employee benefits, ensuring compliance with government regulations, etc

Operations

Inputs, or factors of production, are transformed into outputs, which are goods and services, throughout operations Providing goods and services in a quantity and quality that satisfy the needs of the consumers is the core function of operations in a business Logistics and purchasing are under the control of operations

The relationship between departments in the company is what always exists when the organization goes into operation Simply because each department needs to perform the function it takes on to achieve the common goal.

- Marketing & Finance : marketing aims to attract customers by means of advertising,

marketing, but to do that, they have to go through the finance department because they need funding for example Vinfast, to promote the product, they have run ads on the internet, through bloggers, youtubers, and the finance department will be responsible for paying for these - Marketing & HR: To promote and sell products, the sales team is indispensable, so it must be

through the human resources department that the marketing department has enough resources Therefore, Vinfast is always in a state of recruiting marketing staff to expand customers' understanding of their products not only in the country but also around the world.

- HR & Finance: It must be said that the finance department is the department that most of the

company's activities have to go through to get funding For example, in Vinfast, the HRM department must go through the company's finances to balance the budget and the number of employees, especially in the case of recruiting more employees.