Different Types and Purpose of Public, Private and Voluntary Sectors

This article discusses the different types and purpose of public, private, and voluntary sectors in the global marketplace. It evaluates the legal structure of the private sector and describes a specific organization, its structure, size, scope, and business objectives. The article also analyzes the complexities of different business structures and the importance of interrelationship within organizational functions.

Business Article-review
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Contents
INTRODUCTION...........................................................................................................................3
TASK .............................................................................................................................................3
1. Discuss about the different types and purpose of public, private and voluntary sectors. .......3
2. Evaluate the different legal structure of private sector. ..........................................................4
3. Describe about the specific organization and how its structure, size and scope with business
objectives. in particular how play different role for product creation and service in
marketplace. ..............................................................................................................................5
Critically analyse the complexities of different business structure and importance of
interrelationship within organisational function. ........................................................................1
CONCLUSION................................................................................................................................2
REFERENCES................................................................................................................................3
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INTRODUCTION
The report will discuss about the different types of business sector and identify their
significant objectives in global marketplace. there are different types of legal structure of private
sector. It will analyse about the organization structure, size, scope and how it plays important
role for product creation and expansion in marketplace. Furthermore, the documentation will
analyse the complexities of different business structure and relevance of interrelationship within
organizational functions.
TASK
1. Discuss about the different types and purpose of public, private and voluntary sectors.
There are different types of business sector which mainly consisting public, private and
voluntary.
 Public Sector: It mainly include organizations that provide basic public services such as
road, health, armed forces, education and policing. These types of service are provided to
people in term of national insurance, income from taxation (Hermans, Geerling-Eiff and
Klerkx, 2019). The public sector refers to important part of nation’s overall economy
which is controlled by different government bodies. Main purpose of public
organizations is increasing the economic growth rate. It also facilitates for promoting
diversified economic structure in terms of growth and development. Public sector has
established in backward areas to minimise regional imbalance in term of development
(Paparoidamis, Katsikeas and Chumpitaz, 2019). Example of public sector such as Gas
and oil, education, emergency service, healthcare etc.
 Private Sector: It may include the organizations that provide better goods and services. it
involves manufactures, shops and financial services. The profitability should be
distributed to the shareholders and owners. Private sector refers to part of nation which is
mainly controlled by individuals. The purpose of private organizations is to make
money and employs more employees than public sector. In this way, it is the most
apparent is to increase profit for shareholders and owner (Sebillotte, 2019). If private
organizations competing to give the better item and service at lowest possible price.
Example of private organizations such as sole proprietors, partnership and many more.
 Voluntary Sector: It is different from other sectors because it is type of non-profit that
must be controlled by government. In traditional, it has occupied with third space
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between private as well as public. Third party is that when their requirement has not been
met because private organization is only focused towards profitability. The voluntary
sector is performing the different duties in term of social activities which undertaken by
companies that are based on the non-governmental enterprises (Jegermalm, Hermansen
and Fladmoe, 2019). The purpose of voluntary organizations is to increase benefits and
enrich for society without any profit generation. Voluntary enterprise is that its purpose to
create social wealth for poor people. For Example- foundations, Advocacy group, social
welfare and charities.
2. Evaluate the different legal structure of private sector.
A legal structure can be defined as way of business organised and also set up the legal
setting for important decision-making within organization. it is extremely essential part for
identifying the legal obligation at workplace. Private sector enterprise is providing the tax
benefits to owner while minimise liability for improving overall operational efficiency and
performance.
In private organizations, there are different types of legal structure followed by enterprise.
The primary aim is to understand business and effects that how business is running.
The private organizations have a separated legal identity from owner which often enterprises
are running through shareholders, family (Brogaard, 2019).
 In private firm, each shareholder has limited liability so that they can only lose value of
investment within organization.
 When the organization is run by board of directors which are elected by other
shareholders and also headed by chair person in the private enterprise (Jegermalm,
Hermansen and Fladmoe, 2019).
 When the organization can be performed, there are large number of legal based
documents maintained. It is important for memorandum of association and article of
association. These are mainly cover the information of business objectives, sales of
share, capital amount, meeting information, auditing of account in the organization
(Barnay and et.al., 2019).
In private sector, organizations are completed the legal documentation and sent to the registrar,
who will issue the business through certificate of incorporation. It allows for enterprise to trade
as private company (Khan and Hanif, 2019). Sometimes, it is very difficult for various
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shareholder to sell their share since buyer can be found within organizational framework. In case
if private organizations are increasing their capital share more than £50,000 so that it
automatically finishes “limited”.
3. Describe about the specific organization and how its structure, size and scope with business
objectives. in particular how play different role for product creation and service in
marketplace.
Organizational structure is mainly aligned and relates to the part of organization so that it
can achieve its maximum performance. BBC is based on the public limited organization that
specialise in selling high quality of services in global marketplace (Kavishe, Jefferson and
Chileshe, 2019). the public firm is owned and controlled by government which has general
purpose of supplying the best goods and services. BBC should follow the government policies
which help for generating maximum profitability and productivity. The structure of BBC
commonly follows the required finances that delivered by government along with stakeholders or
owners.
Public limited company (BBC)
Description of company The British broadcasting corporation is based
on the public service provider. It is based on
largest oldest national broadcast firm which
provide high quality of services to customer.
BBC has found in 1922 and operates under
agreement with digital, media, sport and
culture (Paparoidamis, Katsikeas and
Chumpitaz, 2019). It is broadcasting in 28
language which provide comprehensive online
services, TV and radio.
Business structure In BBC firm, it is a type of business divisional
structure that performed different activities in
term of specific market, services and consumer
group. The purpose of divisional structure is
to create an effective team that can provide
better services (Jegermalm, Hermansen and
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Fladmoe, 2019). by using divisional structure,
it can be divided equal roles and
responsibilities of individual groups. For
Example- BBC public organization is
implemented divisional structure on the basis
of geographical ways, where it can build the
regional division to give better services to
customer in the specific locations.
Objective The primary goal of BBC is to generate profit
in order to increase shareholder value. It is
mainly increasing more money by public
liability enterprises. The simple aim of BBC is
to enrich the people lives with program events
and services (Frischmann, 2019). it helps for
educate, entertain by being most creative
enterprise in global marketplace. in this way,
its server all audience by using provision of
impartial and maintain high quality of result or
outcome.
Scope The scope of BBC company is to promote the
excellence services where public involves for
investment (Jegermalm, Hermansen and
Fladmoe, 2019). In order to enable them to
achieve competitive advantage in global world.
BBC is mainly focused on the strategies
planning which help for identifying need and
requirement of customer (Crawford and
Levonyan, 2018). Time to time, BBC has been
conducted the program for people so that they
can aware about board-casting services.
Size There are approximately 22,000 employees,
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more than 16,000 of whom are in public sector
broadcasting. The total 35,402 staff members
participant in the business operations and
functions (Crawford and Levonyan, 2018).
Table:1
BBC is a type of public limited organization so that they always follow the legal rules and
regulation which made by government. The primary role of BBC is supporting the economic
growth. The organization is mainly recognized the different areas and consider the suitable
information which providing to customer directly through broadcasting services (Paparoidamis,
Katsikeas and Chumpitaz, 2019). Before service provide, BBC use different distributed channel
and services for purpose of supplies. It should be used the radio channels and internet because
many people use internet in their mobile phones. It become easier for people to connect with
BBC program or event.
On the other hand, BBC must be used transcript of television sound track which help for
giving information. During process, BBC plays important role for developing technical standards
which carried out subtitle by using Ceefax technology. In most of cases, BBC schedule the
programs or event by using website and other type of digital text pages. It helps for listing the
large amount of information effectively and efficiently (Paparoidamis, Katsikeas and Chumpitaz,
2019). In this way, BBC must capture the opportunities in term of digital age and able to make
flexible decision in the organization. They can meet the need demand with the proper quality and
implement innovation in future development. BBC contribute to make sustainable contribution
for increasing economy and also maintain creative challenges in proper manner (Frischmann,
2019).
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Critically analyse the complexities of different business structure and importance of
interrelationship within organisational function.
Business stricture are defined as ways through which different kind of organisation are
formed. Thus, complexities within the organisation mainly considered as the response to internal
and external working of the enterprise. Therefore, various functions within the business
enterprise are formed with varied structures. Micro enterprise has the most simple business
structure due to its simple nature of business scope, staffs, and objectives. Henceforth, the firm
has varied business functions that are performed easily and collectively. On the other hand, the
complexities within the small business enterprise is moderate in which an entity formed in the
manner of company or partnership business. Thus, functions of those kind of firms are separate
and distinctive in terms to organisational efficiency. In the transactional business, the business
stricture can be defined as of complex nature and this is enough to maintain various separate
functions. On the other hand, global business structure has the most complex business structure
in which decision making is in the hand of regional authorities. Henceforth, this can be stated
that business functions are must be standardised and interrelated for the greater performance.
Significance of interrelation within organisation functions-:
Interrelation within the organisation functions is must within the varied types of business
firms that make possible to deliver the better product and services. Proper interrelation within the
organisation function leads to have better control and leadership in terms to serve the large
portion of the customers and also helps to gain the competitive advancement. There are various
forms of advancement of this interrelation among organisation function along with dis-
advancements. Effective interrelation aids to communicate the crucial information that can be
used to undertake the better decision making. With the help of it, the corporate culture of the
enterprise can be enhanced. As said the interrelation also have disadvantage. The working of the
firm can be ineffective if there is close interrelation among the sales and production department
where the production functions is poor. It can leads to reduce the effectiveness of sales functions.
In addition to this, the advancement of this interrelations can positively affect the business
structure and this can also enhance the effectiveness of the business enterprise. Henceforth, this
can be stated that there close interrelation within the organisation functions, stricture and
objectives. Thus, function of the organisation cannot be performed alone. Herein, this can be
stated that well organised organisational functions can better enhance operational efficiency
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revenue and business performance with their stakeholders. On the other hand, organisation
structure can influence the overall nature and span of the organisation functions. Thus,
productive of the enterprise can be enhanced if there is better relationship among the varied
business functions such as marketing, production, finance and HR. Therefore, the
interrelationship within business functions enhance the better operational efficiency, revenue and
performance this can aids to stakeholders.
CONCLUSION
From above discussion, it has summarised about the different types of business sector and
identify their significant objectives in global marketplace. it can be determined the legal structure
of private sector and also identifying their structure, size, scope and how it plays important role
for product creation and expansion in marketplace. Furthermore, the report is analysing the
complexities of different business structure and relevance of interrelationship within
organizational functions.
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REFERENCES
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Crawford, G.S. and Levonyan, V., 2018. Media Bias in Public Service Broadcasting: Evidence
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Frischmann, B., 2019. The British Broadcasting Corporation case study. Routledge Handbook of
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Welfare State: Patterns of Informal Helping in the Scandinavian Countries. In Civic
Engagement in Scandinavia (pp. 95-111). Springer, Cham.
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with public–private partnership housing project delivery: Tanzanian practitioners’
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Khan, M.U.H. and Hanif, M.N., 2019. Empirical evaluation of ‘structure-conduct-
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in building customer trust and loyalty: A cross-country examination. Industrial marketing
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