Types and Purposes of Organizations in Business Environment

Business and Business
Environment

TABLE OF CONTENTS
INTRODUCTION......................................................................................................................3
LO1............................................................................................................................................3
P1 Different types and purposes of organization...................................................................3
P2 Size and scope of a range of different types of organizations..........................................4
LO2............................................................................................................................................5
P3 Relationship between different organizational functions and their linkage to the
organisational objectives and structure..................................................................................5
CONCLUSION..........................................................................................................................7
REFERENCES...........................................................................................................................8

INTRODUCTION
The performance of a business organization is dependent upon the business
environment in which it is operating. A positive business environment results into ensuring
that the firm is operating effectively and profitably along with attainment of the competitive
edge. In this report, the evaluation of the different types of organization with its size and
scope which can be client of NORTHERN TRUST INVESTMENT BANK. It also covers the
interrelationship between the different functional units of an organization that is linked to
their business structure.
LO1
P1 Different types and purposes of organization
Basis of
comparison
Public Private Voluntary
Definition This involves the
non-profit
organizations which
is owned and
controlled by the
government
(Contractor and
et.al., 2020).
It involves the profit
making
organizations which
are both government
and private body
owned.
It includes the
bodies which carry
out the social
activities mainly by
the not for profit
organizations which
is non-governmental
in nature.
Purpose The purpose these
organization is to
deliver the public
goods and services
which incorporates
the police and
military
requirements, public
transit, infrastructure
and other things for
the betterment of
society.
These entities are
owned by private
individuals and the
groups with the
purpose of making
profits.
The main purpose of
these organizations
is to provide benefits
and the enriching the
society and
community at large
without any return.
It creates wealth.
Relation to the For instance, Virgin For example, ASDA Taking example f