TITLE
A report on Business
&
Business Environment
Presented by: Md.Raza
Student ID: 9170072
Executive Summery
In this Assignment we will discuss about different types, and purposes of Public, Private and Voluntary sectors and their Legal structures. We will explain the size and scope of range of different types of organisations. We will define the relationship between different organisational functions and how they link to organisational objectives and structure, then we will identify the positive and negative impacts the macro environments and explain how strengths and weaknesses interrelate with external macro factors.
Table of Contents
1. Explain different types and purposes of organisations; public,
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Types of Organisations and their purposes:
One type of organisation is public sector. This sector is owned by the government where people have to pay taxes to the government as it brings opportunities and rewards the community. Governments in different countries have their own way to fund for their public sector. Generally profits is not the purpose of this types of organisations. Some of the examples of public sectors are: education, healthcare, emergency services etc. some public sectors are in linked with private sectors which is known as ‘Public-private partnership’. They work together to provide service to business and communities.
The legal structure for public sector is that the company should act wisely so that the shareholders get the best out of it. They need to hold the trading certificate in order to share capital or the stocks. The owner of the company can make as much profit as he like but need to share that profit with a reasonable price with the shareholder.
Another type of organisation is private sector. This sector is run by individuals privately. Some of the examples of private sector are sole traders, partnerships and franchises. Sole traders are the
The private sector is comprised of companies run by individuals for a profit; some examples of this are sole traders- exclusive owners of a business, a limited company, a partnership or a public limited company. The public sector is where all of the government run services fall into, like the NHS or policing services. The voluntary sector are non-profit, non-governmental charities that benefit the public, examples of this are charities such as the NSPCC and Age Concern.
All relevant information used is stated using referencing and also listed in the Bibliography. In addition, the Internet and subject related textbooks were used to further research on the topic. This report is due on Thursday 2nd December 2004 for the attention of Tricia Price, from The Department of Trade and Industry at approximately 6.00pm. 3.0 Analysis of Organisations:
A private sector is usually composed of organisations which are privately owned and not part of a government; whereas a public sector is composed of organisations that are owned by the government and voluntary sectors are composed of individuals of who seek help in charitable activities. Private sectors include corporations such as partnerships and charities, like the voluntary sectors, and the public sectors include corporations such as federal, provincial, state or municipal governments. An example of a private sector is a retail store or credit unions, and example of a public sector is an educational or
A public sector business is a business that usually composed of organisations that are owned and operated by the government (PrivacySense2015).
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.
The organizational forms a company might have as it evolves from a start-up to a major corporation are: sole proprietorships, partnerships and corporations. The advantages of a sole proprietorship are that is is easily and inexpensively formed; is subject to few government regulations and it’s income is not
Organisations are social entities that involve individuals and groups to obtain benefits and goals in different ways. The struggle for resources, personal conflicts and a variety of influence tactics used by these social entities assists in obtaining them.
There are many differences between business organisations, beginning with the purpose and goals of an organisation. Business organisations belong to various different categories including the private, public and non-profit sectors. This assignment will discuss a business organisation from each of those sectors, outlining the purpose, objectives, and stakeholders of each. It will also discuss the different ways that global factors and market structures can impact each of those companies.
Question 1. Describe the products and services of a commercial, a public and a third sector organisations in your local area.
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).
The relationship between different organisational functions and how they link to organisational objectives and structure.
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.
The sources of information from which the author has obtained required data and descriptions of methods used to collect the information
When we examine public sector versus private sector, plenty of differences come to mind. In defining each, we learn a private sector in an economy consist of all businesses and firms owned by ordinary members of the general public. It also consists of all the private households in which people live. The public sector in an economy is owned and controlled by a government. It consist of government businesses and firms and goods and services provided by the government such as the national health service, state
In today’s world, different types of business have emerged and business operations have become the cornerstone of making a success, however the way in which they are operated is what is important. Most businesses hunt the main objective of making a profit without considering how that might affect other factors of society and that is what in most cases diminishes the longevity of the organisation.