Types of Business Legal Structures and Their Purposes
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Added on 2023/03/22
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This presentation discusses the various types of business legal structures and their purposes. It covers the public sector, non-profit organizations, and private organizations. The presentation also explores the size and scope of different types of organizations.
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Business and Business Environment (TASK 1)
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Types of business legal structures and their purposes •Public sector:There are three types of undertakings in public sector one of them is department under taking. Services are provided like railways, broadcastings, postal services etc., for the benefit of the consumers. •NHS is National Health Service who is dealing with over 1 million of patients in every three days. For all UK residents, NHS in England remain free at a point of use.carrying out activities.services. Its mission is to improve health of patients and wellbeing of employees through excellence in carrying out activities.
•Non -profit organisation or voluntary organisation:These types of organisations are formed towards cultural, social, educational, or public service objectives •NCRI which is National Cancer Research Institute is an NPO. This institute is providing clinics to the cancer patients for treatment as well as research work is carried on.It promotes research in cancer. Its mission is to provide health benefits by extracting adequate cancer research.
•Private organisation:The private enterprises are owned and controlled by individuals or shareholders or it may be in group which is not controlled by State. •The example taken into consideration in this report is British Home Stores which is abbreviated as BHS. The British Home Stores became a part of Green Arcadia Group founded in 2009.Its mission is to provide quality clothing items to customers for enhancing their satisfaction.
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Size and scope of different types of organisation •Public organisation:The size of the public sector is larger.The public organisations are accountable for public entities.NHS has 1.4 million of employees •Voluntary organisations:The size of voluntary organisations is hard to define. Charities are the part of social responsibility fulfilled by organisations.
•Private organisation:The scope of the private sector is to earn maximum profit. The size of the private enterprise can be small, medium or large. The private enterprises deal with limited liability.Size of BHS is that it has 11000 employees.
References •Christopher, M. and Holweg, M., 2011. “Supply Chain 2.0”: managing supply chains in era of turbulence.International Journal of Physical Distribution & Logistics Management,41.(1). pp.63-82. •Haidar, J.I., 2012. impact of business regulatory reforms on economic growth.Journal of Japanese and international economies,26.(3).pp.285-307. •Kian Chong, and et. al., 2011. Development of a business-to- business critical success factors (B2B CSFs) framework for Chinese SMEs.Marketing Intelligence & Planning,29.(5).pp.517-533. •Klapper, L., and et. al.2011. impact of business environment on business creation process. InEntrepreneurship and Economic Development(pp. 108-123). Palgrave Macmillan UK.
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