Business and the Business Environment - P1 Different Types of Organisations
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Added on 2020-10-22
Business and the Business Environment - P1 Different Types of Organisations
Added on 2020-10-22
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BUSINESS AND THE BUSINESSENVIRONMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Different types of organisations.......................................................................................1P2. Size and scope of the organisations..................................................................................1P3 Organisation structure and functions.................................................................................2P4 Implicating PESTEL analysis and identification of positive and negative impacts over UKretail sector.............................................................................................................................3P5 Internal analysis over UK Supermarket with the help of SWOT......................................5P6 Interrelating the internal as well as external factors on the basis of strength andweaknesses.............................................................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONThere are different kinds of organisation like profit organisation which aims to earnprofit, other can be non profit organisation where company earns profit to invest in works relatedto the welfare of the society and one is non governmental organisation which only seeks forperforming activities which provides benefit to the society. They work with the help of fundswhich are raised through charity and donation. This report depicts the differences betweenvarious type of organisation on the basis of their goals and size. It also includes factors such asmarket share profit share and growth associated with it (Hillary, 2017).TASK 1P1. Different types of organisationsa. Differences between profit, not for profit and non-governmental organisationsPurposeEvery organisation has different purpose. For the profit seeking company, there would bevarious goals such as mission to generate a good amount of profit and to produce an effectiveproduct and services to satisfy the needs and requirements of a customer. They introduce theiroffering in the market for solving particular problem or increasing the efficiency of certainproducts such as various electronic items. Whereas a non -profit or a nongovernmentalorganisation does not aim for earning lot of profit, instead they work for social cause andactivities which are related to the welfare of the society (Crane and Matten, 2016).FundingFor these profit-seeking companies, they have various sources for funding such as takingloan from banks, local investors and revenue generation through sales. If their product generatesa high value, then there are chances that many global investors become interested to providefunds for them, whereas the non-profit organisation and NGOs tends to get fund through privatedonations, sponsorship through various corporate and grants from the government. LeadershipLarge corporate are lead by the team of individuals which can be board of directors,stakeholders or investors. They are not only considered as leaders but also have a huge share ofthe company for the financial success whereas the NPOs and NGOs get direction from the boardof directors who takes the responsibility of the whole organisation. They have to balance theirfinancial concern as well as the social activities for which funds are being raised.1
StaffStaff or the employees for the profit earning company are employed against salaries; theyrequire some monetary as well as no monetary benefits for their contribution in the organisation.Nevertheless, those who work for non-profit and no governmental organisation are considered asvolunteers and donors who want to contribute for a noble cause (Key differences between Non-Government Organizations (NGO) and Non-Profit Organizations (NPO), 2018).b. Business purpose and supply of goods and servicesPurpose of BusinessThe business purpose for various organisations can be very different. For someorganisation, profit earning can be the goal which includes financial gain, focusing on themetrics of finances and businesses and also certain key performance indicators of the company.While some companies focus on providing value products and services to satisfy needs andwants of the customer and also to give a tough competition in the market and establishthemselves leading producers for the particular segment of a market. Whereas some organisationlike non profit earning also aims to earn profit but to invest in some social work or for thebetterment of the society, they produce products and along with that collaborate themselves withthis association that works for noble cause. In addition, there are some Non- governmentalorganisation that works just to provide benefit to the society by raising funds through charity anddonation.Supply of product and servicesProfit earning corporate always think for providing innovative ideas to the market whichcan benefit various customers in many ways. They always conduct various researches on theexisting product to make it better. Also, focusing on the fact that the product should reach everycorner of the area. Whereas NPOs majorly promotes arts, researches, sciences and commerce andtries to make certain policies to give them recognition. Whereas the scope of NGOs is generallyvery limited as they work in confined areas and on the basis of amount of fund they are raisingfor their work (Deasy and et. al., 2017).1
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