Business organization, all over the world, as physical or online services organization have several impacting factors that plays a vitally important role in developing and promoting the business, and the justification of their products demands and the launch of their newer ideas and thoughts mostly depend on the influences of these factors. These factors impacting directly or indirectly to the organization as well as business farms may differ from business to business according to their scopes, location, size and the entity the whether it is offline or online. McDonald’s plc is a worldwide business corporation, serving a wide-ranged food chain that is especially known for their hamburgers.
There are several factors including both internal and external components like political, environmental, social, technological economic etc. that directly impact the business policies and strategies of this business organization. McDonald’s evaluates all the PESTLE elements to justify their business stats and to measure the risk, analyses the threats impacting their business thereto. Within the workplace, the McDonald’s plc innovate their employee’s inner thought towards their business so that they can understand the view of them therein, the business policies and strategies. This paper designs relevant factors playing great impacts on the business’s profitability, performance, development, promotion etc.
2.0 Company’s Overview.
3.0 Literature Review.
3.1 Different types and sizes of organizations.
3.2 Explain the interrelationship of functions on organizational structure.
3.3 Explain the impact of the internal and external environment on business operations.
3.4 Explain the influence of globalization on organizational strategy and decision-making.
4.0 Discussion and Analysis.
Explain with justification the type, size and scope of the selected organization.
4.2 Analyze the impact of the interrelationship of functions on the selected organization structure.
4.3 Impact of the internal environment and external environment on the selected organization.
4.4 Evaluate the influence of globalization on organizational strategy and decision-making of the selected organization.
This paper discusses the chief factors relating to business organization in the context of national and international extent step by step. Firstly, this report defines the different types of business and their size for both offline or physical entities and today’s online perspective. Secondly, this document outlines the interrelationship of various functions on organization structure. Then, it discusses internal and external factors describing SOWT and PESTLE analysis on the framework. After that, this report summarizes the influences of globalization on organizational approaches, strategies and decision making. Finally, this paper evaluates how these factors relate to McDonald’s Corporation and their business strategies, in every section of the paper.
2.0 Company’s Overview
McDonald’s Corporation is an American fast-food chain; famous for its worldwide business operation. Its headquarters are situated in Oak Brook, Illinois, (McDonald’s Plc, 2020). The key concern relies on this sense that the company obviously reflects the real atmosphere of the existed business ideas and thought that helped them to introduce them worldwide (Sparks, 2019). The first restaurant of the company was established in 1948 by brothers Maurice and Richard McDonald in San Bernardino, California. Later, they bought appliances from salesman Ray Kroc their need eight malts and shake mixers. The history turned into its pinnacle by the ideas by Kroc then— he and his brothers innovate newer business plans to develop the business (Sparks, 2019).
3.0 Literature Review
3.1 Different types and sizes of the organization
There are various types of organization as its size, purpose, objectives, and responsibilities thereon, (Dyer et al., 2016). According to size, there are various kinds of organizations like SMEs which are classified as micro-enterprise, medium-sized enterprise, and small enterprise and large operating enterprise (Gregory et al., 2015). The number of employees is employed in such organizations may be as a micro organization— fewer than 10; small organization — 10 to 49; medium-sized organization — 50 to 249; large organization — 250 or more. At present organizations are summarized as Private Organization, Limited (private and public), Charities, Public or Government, and NGO. The private organization involves any kind of partnership, corporation, agency or personal initiative that cannot sell and trade its share independently on the stock exchange.
The public limited companies are rather freer to sell and trade their products, but liable to and two directors and must also file their annual returns every 12 months. They need to secure their minimum capital of £50,000.00 in the UK. Government organization actually plays roles as government organs like administration, judiciary, legislature and various agencies are obliged to perform government orders and public services. Charity organizations are non-profit organizations designed for helping the poor, and only for charitable purposes, the business authority emerged in-country (Gregory et al., 2015).
3.2 Explain the interrelationship of functions on organizational structure
According to Dyer et al. (2016), the functions of the organization vary from their size and responsibilities. Normally, a business includes the sales and marketing department, HRM department, H&D department, finance and accounting department, and production and manufacturing department (Palmer, 2014)). There is a close interrelationship between business functions and organization structure. Hierarchical organizational structure is designed to perform in the specific field of business functions like a financial team, technical team, HR team, administration team etc. A flat organizational structure is preferable for the small-sized organization where there is no vast criterion of duties and performances they need to operate at a time (Palmer, 2014). That’s why this model is designed for the employees to make decisions freely and promptly but needs to be accountable to the supervisor. This does not mean that employees don’t have superiors and people to report……………………