Unit 1 business and the business environment l/508/0485 table of contents

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The responses above have been able to show that organisations are of different types and sizes; and that each need to make use of the structure which is appropriate for it so that its functions can be well coordinated. Also, we were able to know the impact external factors and also macro environment can have on a business and this is as seen in the use of PESTLE and SWOT to analyse different situations. Businesses therefore need to be aware of the impact of external factors and macro environment on their businesses so as to be able to react appropriately in order to sustain its business and competition.

Carter McNamara, (2019) Two Basic Types of Organizations: For-Profit (Business) and Nonprofit
Margaret P. Karns, (2020), Nongovernmental organization
European Union Commission, Internal Market, Industry, Entrepreneurship and SMEs – What is an SME (2003), https://ec.europa.eu/growth/smes/business-friendly-environment/sme-definition_en
Richard Jobling, (2018) What is an SME
DK Sinha, (2018) Micro Enterprises: Scope and Objective of Micro Enterprises
Fraser Sherman (2019), What Is the Relationship Between Organizational Functions & Organizational Structure?
Neil Kokemuller (2017), What Are Organizational Functions?
PointPark University Online (2017), 4 Types of Organizational Structures

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