Differences between Organizations for Profit, Non-Profit and Non-Government Companies
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This study explains the differences between organizations for profit, non-profit, and non-government companies. It also discusses the differences between micro, small, and medium-sized enterprises and the range of legal structures associated with different forms of businesses.
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BUSINESS AND BUSINESS ENVIRONMENT
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Table of Contents Table of Contents.............................................................................................................................2 INTRODUCTION...........................................................................................................................3 PART 1............................................................................................................................................3 Differences between organizations for profit, non-profit and non-government companies........3 Differences between micro, small and medium sized enterprises...............................................4 Range of legal structures associated with varied form of businesses..........................................5 Legal structure, size and scope of various firm link to business objectives, services and products........................................................................................................................................6 Interrelationships of different organizational functions and their connection to organizational objectives and structure...............................................................................................................8 PART 2..........................................................................................................................................10 Macro environment analysis using PESTEL framework..........................................................10 Micro environment analysis using Porter's five forces model...................................................12 Value chain analysis to identify organization's internal strength & weakness..........................14 SWOT analysis..........................................................................................................................16 Strength and weakness interrelated with external micro and macro factors, that influence strategic business decision making............................................................................................17 CONCLUSION..............................................................................................................................17 REFERENCES..............................................................................................................................18
INTRODUCTION Business environment refer to all external and internal factors that affect businesses functionsincludingconsumers,workers,supply&demand,managementandbusiness regulations. The current report is based on ESPO and include another firm like British Red cross and JCB. This study explains, differences between firm and also differences between micro, small and medium sized enterprises. This assignment clarified legal structure associated with different forms of companies and analysed interrelationship between different organizational operations,whichconnectedto objectives & structure oforganization. Furthermore, this report justified macro and micro environmental analysis by using appropriate models like PESTLE and SWOT. It defines the organizational strength and weakness by using Value chain analysis and also justified Strength as well as weaknesses that interrelate withexternal micro and other factors which affect strategic decision making process. PART 1 Differences between organizations for profit, non-profit and non-government companies Voluntary sectors organizations- Companies working under this industry or sector provide the best services with purpose for enrich society and cater benefits to local people. (Hartley, Benington and Binns, 2019). It is team of people from different nations acting together, but non connected with government of any nation. Usually non-governmental firm are non-profit, that is why they are trying to do something other than make profit for people who run them. For example, British Red cross is considered as NGOs was managing their operations across UK and provide range of their services to local people in order to improve their health. The purpose of this organization is to helps individual in crisis, responding to conflicts, disasters and emergencies in UK and all around the world. The purpose of non-government companies usually to further social or political goals of their members.Voluntary organizations fund their business activities via charity functions and donations from big companies or entrepreneurs, who are able to donate money for good cost. Public sector organizations- Public sector is commonly comprise of companies that are operated and owned by government and exist to cater services for their citizens (Wettenhall, 2020).With the help of outpouring,public sector firms will often engage in private enterprises to deliver theirgoods and
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servicesto their consumers. The purpose of public sector firms is to cater important services to underprivileged and wider sector of society in UK, through employment and by operating business on profitable basis it serves both functions. ESPO is public sector companies in UK, the main function of this company is to provide large range of services and products to public sectors. As ESPO is public sector firm, surplus made by firm is returned only to public purse, they offer one stop shop solutions. It is a public sector owned professional purchasing company, specializing in offering its services and goods to people for over 35 years.The purpose of this firm is to conduct business activities by using appropriate legal structure such as partnership with their stakeholders to drive value for money for public sector through comprehensiveprocurement result.Public sector firms funds their activities through government expenditure financed by seignior age, government borrowing or taxes. Private sector firms- Private sector is a diverse area and makes up a large part of many economies. Most companies in this industry are run and operate with the intention of making profit (Cacioppe and Mock, 2018).In simple words, private sector companies are owned by individuals, these firms are driven by profit. The purpose of these firms is to make money by selling quality products and service to its consumers; it defines the differences between all above firms. JCB is British International Corporation in UK; it is into manufacturing equipment for agriculture, construction and waste handling. The main differences between a public and private organization is that shares of public firm are traded on a stock exchange (Liljeblom, Maury and Hörhammer, 2019). It also known as equities, show fractional ownership in enterprises, while a private organization shares are not. Here, differences between different kinds of companies in context of scope and size will be discussed. The size of organizations under public sector is very wide on the other hand; size of private firms is small in comparison of public. But a private organization also is a big enterprise. The scope of private companies is limited, as it is limited up to a less number of individual and enjoys few legal restrictions. On the other side, scope of public companies is vast, owners of organization can raise profit from local public and have to abided by different legal limitations. Differences between micro, small and medium sized enterprises
Culture across world definesmedium, micro and small enterprises with fancy language & terms but in growingnations. Below differences had defined- Micro enterprises- It includes cafe and other places in neighbourhood; these are small businesses with minimal workers and capital. Micro enterprises commonly operate with less than 10 staff members and started with few amounts of capital. In a developing nation, necessity compels micro businessperson to represent wider majority of small business sector. They add value to UK economy by creating micro business, lowering overall cost and enhancing income of business (Pearson and et.al., 2016).Limited area of fewer locations, small market area, few team of workers and lower profitability are included in feature of micro enterprises. Small enterprises- Small enterprises sometimes called a small business, it is a venture that employs a few employees and does not have high volume of sales. They are independently operated and owned firm that is limited in size and also in revenue depending on sector. Such enterprises are mostly, partnerships or corporations. They exist approximately in every sector; canvariety from convenience outlets to small production operations. It can behomebakery or small supermarket that employs 10 workers orproduction teamthat employs 50 staff members. In addition to this, forms of small-scale enterprises include privately owned low firms, dry cleaners, restaurants, architectural and engineering firms (Karjalainen and Kemppainen, 2018). Medium enterprises- Medium sized organization is defined as a firm that not exceed at least 2 out of 3 of following criterion in preceding & current period; balance sheet total 18 Million. Corporate form of company is not well suited to medium operations (Hillary, 2017). Instead, medium enterprises prefer to organize as sole proprietorship or limited liability organizations. These kinds of firms cater highest level of managerial control for organization owners, while increasing expense or hassle of business registration. Range of legal structures associated with varied form of businesses Sole traders- A sole trader is business structure whereby one person owns and run overall business; it is also known as sole proprietorship. It is considered as simplest form of business structure and it is relatively inexpensive and easy to set up (Henley, 2015). Sole trader is legal set up where firm
is controlled and owned by single person. JCB is wider company, Asia, Asia, South American, Europe and North America. It was founded by Joseph Cyril Bamford in 1945, in UK and Ireland, JCB is used colloquially for mechanical diggers. It has 18 factories in Australia, UK, China, India and CIS, operate individually under sole trader business structure. Firm employs 12,000 people on four continents and sell their goods in 150 nations through 1,500 supplier depot locations.With this legal structure, organizations can take decision in effective manner, as it allow decision making process run faster as it just permit owner who decided where enterprise is heading and whether or not to conduct any work and when they will do so. So, this statement defines the advantage of this structure. Along, with pros disadvantage of this structure is that, it is very difficult to obtain wider jobs. Not only because wider corporations have many workers that can work on offers, and tenders, but because most firms would not work with has a company that only had a employee of one. Partnerships limited firms- It is formed when two or more people partner or join, together to run a business, each member has equal share in net losses and profits of their businesses. ESPO firm has been work under partnership limited as legal structure (Levmore, 2016). They feel proud to work in partnership with BESA (British Educational Suppliers Association), it is a trade association who perform on Behalf of their management to help UK based firms that supply their services and range of products to education sector, in order to improve their educational level rather than before. ESPO also operate their business by making partnership with SOPO, (Society of Procurement Officers in Local Government), engages in different activities to promote their strategic buying contracting as well as supplies functions.The main pros of this legal structure are lack of formality as compared within managing a limited firm. Accounting procedure is usuallysimplerforpartnershiplimitedcompaniesmorethanforother.Cons-because organizations with this structure do not have a separate authentic personality, partners are personally liable for losses as well as debts incurred. Private limited organizations- Private Limited firms is one type of business structure, this kind of businesses limits owner liability to their profit, and bound shareholders from publicly trading shares. It is expensive and complex structure more than other business or legal structures. Mott MacDonald
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group is private limited organization, it is consultancy with Headquarter in UK. Firm employs more than 16,00 staff in 150 nations, it was considered as one of the biggest employees owned organizations in the world (Alvesson, 2019).Pro-it is well known that a private limited firm is more likely to be tax efficient as compared to sole trade or other legal structure. Con-sole trader is straightforward and very easy to run as it only has to register with HMRC. Whereas, comply with or setting up this structure will mean registering with organizations house. Public limited companies- The feature of public limited firm is limited liability and perpetual succession. Raising capital through public issue of shares is the advantage of this structure. In simple words, being a public limited organization is capability to increase share capital, especially where firm is lited on a documented exchange.Disadvantage-to aid protects shareholders, regulatory and legal requirementsforpubliclimitedfirmsaremoreonerousratherthanforprivatelimited organizations. Legal structure, size and scope of various firm link to business objectives, services and products JCB- JCB was established in 1954 and number of people in firm are approximately 11000. In context of their size by revenue, company estimated their revenue of 2017 was 3.35 Billion. They are able to supply mostly those goods which is used in house building sector, specially linked with construction. The mission of JCB firm is to become the top producing and manufacturing firm to cater the highest quality services to its consumers.The objectives, services and products of this company is linked with legal structure, size and scope as number of employee are able to service the best service to its consumers,they help to achieve business objective and increase profit as well as generate revenue through effective work performance that also help to increase productivity of business rather than before.With the help of choosing right legal structure, organization will utilize its features in order to achieve aims and set objectives. Range of employees in their organizational structure are capable to gain business objectives. Risk management team identify risk and issues, discuss with top management and then make plan to reduce the risk occur while workers perform to achieve objective of company. ESPO-
They employ around 201 to 500 workers in company and generate revenue more than 12.93 million annually. Organization is professional purchasing firm that offer 25000 product catalogues over 12,00 frameworks. The objective of company is to cater help support with their procurement, they are able to provide fire safety to pet control, electronic office supplies, grounds maintenance and catering services.All the framework of company is free cost and easy to use, the organizational structure of this firm is functional that help to achieve its objective effectively, with this structure they can divide departments based on their activities, in which each member are having specific skill which make them able to serve its best and offer the best quality products or services to its consumers. British red cross- The objective of British red cross is to mobilize strength of humanity so that people and communities can prepare for, recover and deal from crisis, summed up by strap line refusing to avoid individual in crisis. Organization provide their health care services and supports to trafficked people and other as well in forced labour, they also help asylum and refugees seekers get back on their feet after a traumatic period. Illustration1: Organizational structure (Source:British Red cross organizational structure,2019) British Red cross employs nearly 4,000 workers who are able to work in UK and overseas to support local people in crisis, they are capable to achieve organization business objectives. The executive director and Broad of directors, take decision to make plan to serve its services across the world in context of human well-being. The executive team and its director is accountable for day to day management of firm.
Interrelationships of different organizational functions and their connection to organizational objectives and structure Every company has hierarchy of individual that need a well-planned structure to fit in the organization operations and size. Firm structures define character of that company, it can be three type functional, divisional and classical. Organizational functions are divided according to the structure and size, it is core set or procedure of activities carried out within sections of firm. Most common functions include marketing, operations, human resource, information technology, finance and customers services. All these functions are interrelated with each other and help to achieve business objectives by working together. Marketing interrelationship with HRM- Humanresourcemanagementandmarketingdepartmentworkcloselytogetherin businesses in order to create brand reputation and increase productivity (Schmelter and et.al., 2017). In context of interrelationship, marketing department systematically communicate with HRM to promote different vacancies in market that help to gain attention of skilled labour suitable for specific position.Human resource department retain talented and knowledgeable applicants within firm for longer period. Link to organizational structure and objectives- The interrelationship between marketing and human resource management directly link to structure & objective of firm. For example, JCB objective is to serve better services to its consumers, for which they required more people. With the help of relationship between both section they are able to get talented applicants as soon as possible because HRM provide information about required candidates to marketing, and then they create content to advertise vacancies that help to achieve objective effectively. Finance department interrelationship with marketing- Marketing department and finance sector are the two major organizational functions, they both work together for achieving greater success and enhance development of businesses (Wong, Agarwal and Du, 2015). By working together, they increase market share as well as help to improve bottom line.Finance section comprehends activities of marketing section and then caters funds to create promotional plan. It play vital role with marketing section for example, communicate with them for creating effective advertisement plan that may be increase profit and improve financial performance of organizations, rather than before. Along with this statement,
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finance department allocate money from different sections such as human resource management, research & development department etc. In order to complete their activities that is beneficial for business in term of increasing profit margin as well as productivity. Link to organizational structure and objectives- Finance and marketing department work together at different level in organization structure. It linked to organizational objective, for example, ESPO objective it to cater help to varied businesses such as catering and fire safety goods to pest control. With the help of finance department work with marketing sector, they are able to achieve objective, by gaining the attention of consumers towards them through the best advertisement including business info because finance department funds is enough to make promotion plan. Bycreatingthesevariousorganizationalfunctions,companiesaffectitschainof command, roles and communication in effective manner when they conduct good collaboration between all of them. Benefits and drawbacks of interrelationships between organizational functions- AdvantagesDisadvantages Whenalltheteammembersofdifferent departmentworktogether,theycanshare greater knowledge so that people learn new skills, it helps to make strong team and boost up motivational level that supports to achieve set objectives to businesses. On the other hand, interrelationship between allthedepartmentsincompanyprovides benefits, but along with this it comes up with some drawbacks that affect not positively. For example, workers from different teams does notgetanopeningtoshareandmeet perceptions, that lead to be risky for lasting businessdevelopment.Riskymeans ineffectivenessofgainingcompetitive advantages. Theemployeesstayforlongtermperiod becausetheyobtainpromotedbytheir functions. Lackofcoordinationisoneofthereason behindprojectfailure,whenpeopleare working together in different sector come up from varied department, had less coordination, whichdirectlyimpactonproductivityand
profitability of firm as they cannot be able to requirement of team. Theinterrelationshipbetweenabove organizationalfunctions,providemany benefits as it help organizations managed their group of people by experienced persons with high skill and ability so that they can entire and review work (Mao and et.al., 2016). Interrelationshipbetweenorganizational functionssuchasmarketingandfinance, increasethebaseofarguments,thatmay concerned with differences over budgetary and objectives competition, which affect decision- making process. Because of having different perspectives, arguments do not stop that impact on production and other process of company. Organizational operations within a company are production, research & development and marketing.Eachofthemworktogetherto achieve objective, their interrelations improves skills of applicants as they obtain knowledge from other functions. Whendifferentdepartmentworkerswork together, it creates risk of miscommunication. Differentperspectiveofeachapplicant decrease operational efficiency as they do not agree on one topic. PART 2 Macro environment analysis using PESTEL framework Political factor- It refers to the UK government activities that creates drastic effect firms in many terms such as saving rates, regulations, rules and social unrest. ESPO operate their business in 26 nations and had 116 ports authorities, the changes in trade policies after Brexit affect its operations negatively, as it restricts firm to serve in EU, it can impact on their profit margin and revenues generated from other nations. Their comprehensive catalogues contain over 25,000 goods including office equipment, stationery, class room resources and site management, serves to many people in different locations that get affected due to changes in trade policies according to which they had to pay extra for making their trading successful (Domingues and Nunes, 2018) Economic factor-
Economic factors are identified of certain economy's performance, it includes economic growth,inflationrates,exchangerates,unemploymentratesanddisposableincomeof consumers. Brexit is the main reason behind rises of unemployment rates in UK, that affect public and private sector organizations employment structure negatively, as they are forced by government to hire people for improving their living standards after Brexit that help in economic development, Brexit bites labour market. Unemployment rates impact on ESPO workforce structure, they had to recruit more people and make changes according to number of hiring, more than previous recruitment plan that increase cost of hiring as well.Water cost impact on organization profitability, as they pay more to get water for many purposes. It negatively affect profit margin of company in which the cost of buying water is higher.Changes in interest rate are also considered as economical factor that affect firm. It changed by Bank of Englandthat impact on ESPO in negative manner. They raised official interest rate from 0.25 percent to 0.5 in 2017 and then from 0.5 percent to 0.75% in 2018 (Benos, Payne and Vasios, 2020). In recent time, Bank of England announced an emergency cut in interest rates to boost up economy aimd corona virus outbreak. Social factor- Changes in Demographic characteristics, values, life styles and customs of population within which the ESPO operates directly impact on their production process as they serve 10,000 goods and deliver them to its consumers using their own dedicated fleet. Changes in consumer demand and perspectives affect firm operations management and business practices, it negatively impacts on products cost as production sector more focus on items and conduct in depth research.Needs of consumer get changed according to trends that impact on organization negatively, as they need to arrange everything accordingly that consume a lot of efforts and money as well. Technological factor- This factor influence ESPO, technology changes every minute, it refers to technological innovations and advancement that help in benefiting organization by increasing their profit margin and productivity. In recent time, digital technology changes the whole marketing activities of firm and enhance their abilities to promote their products in market place. With the help of using social media platforms and other digital marketing tools, ESPO advertise their 10,000 goods all around the world which drive people towards them and increase number of
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selling goods that is quite beneficial in term of increasing profit margin.Development of Artificial Intelligence impact on ESPO positively, as it help to increase operational efficiency rather than before (Chang, 2019). By using AI, organization increase consumer services abilities as result it enhance the demand of target market. Legal factor- Legislative changes occur from time to time and that may affect current business environment. Law such as antitrust, discrimination, employment, copyrights and consumers protection laws, have overlap with political factors. Equality Act 2010 is up to date with all changes that affect ESPO employment contract, which required a lot of efforts and time to review and change accordingly.Recently, changes in Equality Act 2019, government include additional norms such as provide accommodation facilities to staff that impact on firm positively as by complying with this law they can build strong brand image in market who care their employees and focus on their well fare. Environmental factor- In recent time, consumers and government concern towards sustainable environment get increased more and more, they required firm to reduce their carbon foot print that help to keep environment clean. ESPO feel high pressure from UK government to reduce its carbon foot print and contribute in CSR practices which is quite beneficial in term of sustainable business, it positively impacts on their brand reputation in market and gain attention of more people towards purchasingtheirwidenumberofproductsinbulk.Climatechangesimpactnegatively, management had to focus on changes in climate and take actions to reduce its affect. They have to reduce carbon footprint effectively and contribute in CSR practices. Corona virus impact on firm negatively as it creates barriers to operation management, due to it organization face unexpected problems for example they are unable to operate business in effective manner. Micro environment analysisby using appropriate framework or model Bargaining power of suppliers- The degree of this force is moderate.ESPO currently works with around 13000 suppliers, some provide goods for their 25,000 item catalogues and other supplying services and products as part of their extensive range of regional and national frameworks and consumers specific public contracts (Bavuma, 2018). The number of raw material suppliers is wider, it moderates
the bargaining power of ESPO suppliers to increase the prices of raw materials, it is beneficial in context of company. It impacts positively upon business operations operating within different locations in the world. As it helps firm to acquire items at reasonable prices within Wales, Northern Ireland and England. Bargaining power of consumers- The bargaining power of consumers is high. Buyers are key components of business success; they influence profitability and productivity of existing organizations in specific sector through their ability to lower prices to cater higher service or product quality. From head office and warehouses based in Leicester, ESPO serve over 200,000 consumers every year across England from all areas of public sector. Company had strong consumer based so it increases the power of its customers to lower down the rate of its products, organization cannot be able to avoid the requirement of its target market as it decrease its profit margin and number of sales negatively. High bargaining power of buyers affect ESPO operations negatively as they cannot be able to increase prices more than now and also make changes in their pricing structure when the requirement arises from target audience. Threat of new entrances-
Threat of new entrances is lower. ESPO is one of the biggest providers of public sector framework, they operate in many nations effectively because of their strong brand image, they follow the rules and procedure according to the government rules which is quite beneficial for them (Zamanifard, Alizadeh and Bosman, 2018). When new firms want to enter into public sector, they cannot be able to follow the rules because it is tough to adopt and change overall procedure accordingly. High regulatory structure decreases the power of new firms to enter into new market, that lower the threat of new entrance for ESPO that impact on its business operations positively and access firm to run operations across the world. Threat of substitute products and services- Thethreatofsubstituteservicesandproductsishigh(Safari,Farhangand Rajabzadehyazdi, 2016). ESPO productshave been categorised into six sectionssuch as Stationery, Office equipment, Furniture, safety & site management and presentation. These products meet similar consumer needs in different ways that impact on business operations and its profit margin negatively.It decrease selling priceof ESPO goods because substitute products give power to its consumers to switch to alternatives that can is easily accepted by people. Competition among existing firms- The degree of competition among existing organizations is High (Bugge and et.al., 2017). ESPO operate in public sector where the other firms are able to sale their services and products effectively, they adopt different techniques and create strategies to gain competitive advantages better than each other, that will increase the degree of competition higher more than past few years.Infomatics Inc, Resource Tek LLC and CyberHound Pty Ltd are the competitor of ESPO. Organization has 25.94% market share. Value chain analysis to identify organization's internal strength & weakness Primary activities- Inbound logistics- ESPO inbound logistics operations are very complex, it includes the supply of 25,000 goods to wide number of consumers around the world (Khan, 2018). It is very essential to enlarge strong relationship with suppliers as it contribution is important to store, receive and distribute goods. ESPO are able to make good connection with their suppliers which make them able to supply their different products categories effectively. They are capable to make regular investment to increase the strength of logistics so that economies of scales will be exploited to
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greater extent.Organization builds strong relationship with their suppliers in order to manage supply chain in effective manner. Operations- Education, Charities, NHS, local authorities and Housing associations are the consumers of ESPO. Company is able to satisfy their customers effectively and increase profit margin by operating their different operations effectively. Packing, delivering and assembling are the considered as operational activities of company which make them capable to deliver quality products to public sector (Hinkes and Christoph-Schulz, 2019). Outbound logistics- Itincludesactivitiesthatdelivergoodstoconsumersbypassingthroughvaried intermediaries. ESPO outbound logistics are warehousing, order processing and delivering to destinations (Klumpp and Heragu, 2019). Company with Warehouse management managed their outbound activities systematically and timely manner with optimal costs, it increases the profitability of ESPO and growth of its business. Marketing and sales- ESPO is consumer focused, public sector owned professional purchasing firm that caters public sector with procurement solutions to cut and reduce tendering times as well as receive the best possible value. The marketing department of company is able to create client marketing
content that help to increase customers base and provide potential people with help to growth ESPO business with consultancy, training and advice their sales as well as marketing activities (Hereźniak and Florek, 2018). Firm marketing strategy attempts to associate brand with wide selection of goods, competitive prices and best quality balance. ESPO can use offline and online sale channels such as Facebook more than its competitors. Services- ESPO is able to serve their online consumer services, its team are on hand to support its target market with any enquiry they may have. When customers select option from their list that described their enquiry. Skilled labour always stays on phone lines, they are capable to respond more quickly, that play most important role in developing consumer loyalty. Support activities- Firm infrastructure- ESPO had effective infrastructure management that permit firm to optimize value of whole value chain. It denotes range of activities such as legal matters, financing strategic management and quality management. ESPO is able to control their infrastructure functions that help to strengthen its competitive position in market. Human resource management- ESPO can analyse HRM by evaluating different human resource aspects including selecting, rewarding, training and performance management activities. The effective human resource department can permit firm to reduce competitive pressure based on commitment and motivation of their workforce. Procurement- ESPO is procurement company at heart, they carefully consider their procurement activities to optimize operational, outbound and inbound value chain. As specialist procurement structure, company have 70 strong diverse group of procurement specialists, which make them able to lead way in public sector and pride consumers on establishing billion-pound procurement solutions and saving million of pounds for their sector in procedures. Technology development- ESPO integrate technology in HR, distribution and production services, that allow business to enhance their productivity and profitability rather than before.
SWOT analysis Strength- ESPO is one of the largest professional purchasing firm in UK, they are able to committed to offering best value to its consumers, local communities and suppliers. With the help of skilled employee and procurement specialist, firm is capable to deliver 25,000 products with more over 300 dedicated members of employees striving to deliver the very best items to consumers. Weakness- Lack of management in some areas of ESPO affect its working structure and productivity of firm as well as efficiency of operations. Opportunity- Technological advancement is the best opportunity for ESPO, which they can use to enhance their online presence more than other firms in public sector. Threat- High competition among existing firms possess threat for ESPO and affect its consumer base when competitors provide affordable products to people more than it. Strength and weakness interrelated with external micro and macro factors, that influence strategic business decision making From above analysis it has been justified strength and weakness interrelated with external macro & micro factors that affect strategic business decision making process. With skilled labour, ESPO is capable to implement latest technologies within their business and conduct research to identify consumer perspective change accordant to trends. It affects strategic business decision making procedure of ESPO, its Human resource management trained their existing workforce to enhance productivity. To reduce, threat of high competition organization take decision to promote their products and improve its quality rather than before by focusing on production activities. CONCLUSION It has been summarized, that private, public and voluntary firm operating with different organizationalstructure.TheinterrelationshipbetweenmarketingandHumanresource management and Finance with Marketing help to achieve business objective and generate brand awareness within market place effectively. From above analysis, it has been concluded that
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ESPOoperateandmanagertheirbusinessoperationswithknowledgeableworker.By considering all itsmanagement areas they effectively manage each activity in outbound and inbound logistics.Furthermore, by analysing above study, it has been summarized that organization effectively adopt artificial intelligence technology that enhance their productivity level rather than before and increase profit margin.
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