Types of Business Organizations, Legal Structures, and Organization Structures

BMP3002 Business in Practice

Contents
INTRODUCTION...........................................................................................................................................3
MAIN BODY.................................................................................................................................................3
Task 1......................................................................................................................................................3
Explanation of various types of business organizations on the basis of size............................................3
Difference between organizations............................................................................................................4
TASK 2..........................................................................................................................................................5
Explanation of different types of organizations on the basis of their legal structure................................5
TASK 3..........................................................................................................................................................7
Explanation of various types of organization structure and their usefulness in productivity...................7
CONCLUSION.............................................................................................................................................10
REFERENCES..............................................................................................................................................11

INTRODUCTION
Business is a systematic means for people to sell their product and service. It must start with
organizational administration of various kinds of activities (Beugelsdijk, Ambos and Nell, 2020).
This report sets out how medium-sized and big businesses are used as industry startups. There
are a range of businesses which are typically known as the sole dealer, alliance partnership etc. It
also recognizes that organizations have different options for choosing the right arrangement to
better function safely and effectively. The report also describes a method for the study of
external variables by managers.
MAIN BODY
Task 1
Explanation of various types of business organizations on the basis of size.
Businesses are the means in which entities advertise the goods to satisfy consumer demand and
make money for the sake of lives. Below are the organizational types
Micro business- This category of business involves such businesses with less than 10 employees
and total revenues of less than or equal to two million (Gursansky, Kennedy and Harvey, 2020).
The elegance of Merce is in Lutton, a micro-size beauty salon that delivers the finest form of
beauty treatment for the customer.
Small businesses- The Corporation considered as a small business in which there is average
turnover is less than 10 million and staff is not more than 50. CAFEPOD Coffee Company is an
example of small business which is started by Peter Grainger and Brent Hadfield. It is well-
known in the UK local industry.
Medium size- Organization in which there are 50 or more workers, but a limit of 250 as well as
there is an annual turnover of 50 million, known as medium-size. There is an example of such
organization which is a ISI Company that provides data and media intelligence community for its
relevant customers, founded by Adam Ludwin and Domini Joseph.

Large size- This covers businesses with a portfolio of revenue of over 250 million annually and
hiring more than 250 people. TESCO is one of the main companies in the United Kingdom that
provides its consumers goods and food by managing stores in UK and other nations that operates
same functions.
Difference between organizations.
Particular Micro Small Medium Large
Definition Companies able
to produce just 2
million revenue
are the micro-
enterprises.
This involves
businesses that
have 50 million
revenues
annually.
Organization that
is able to produce
annual revenue of
over 50 million.
Companies who
manage their
market operation
to produce more
than 250 million
gross profits.
Number of
employees
There should less
10 employees
participating in
the trade process
within this form
of company.
In small
businesses, the
number of
workers is 50.
The medium-
sized
organisation's
working cap is
250.
The actual
number of
employees is not
limited, but there
should not fewer
than 250.
Management Mostly the single
owner is able to
take right
decisions
(Caldera, Desha,
and Dawes,
2020).
The owners
themselves took
the decision.
The CEO,
director and main
director should
take the decision..
The assistance
and decision of
the Board
meeting is made
by system of
decision.
Legal procedure Easy Easy Moderate Hard