Functional Areas of Virgin Atlantic Airways PDF

Running head: BUSINESS
Business

BUSINESS 1
Table of Contents
Introduction................................................................................................................................2
Overview of Diverse types and structures of Organizations..................................................2
Different types of organization..........................................................................................2
Rainbow Trust children's charity...........................................................................................6
Virgin Atlantic Airways.........................................................................................................7
Costa Coffee...........................................................................................................................9
The Functional Areas of Virgin Atlantic Airways...........................................................10
P1..........................................................................................................................................11
Private Sector.......................................................................................................................11
Public Sector........................................................................................................................11
Voluntary Sector..................................................................................................................12
Legal Structure.....................................................................................................................12
P2..........................................................................................................................................12
Small Business.....................................................................................................................12
Medium Business.................................................................................................................12
Large Business.....................................................................................................................12
M1........................................................................................................................................13
P3..........................................................................................................................................13
M2........................................................................................................................................14
Advantages and Disadvantages of interrelationships between organizational functions.....14
Conclusion................................................................................................................................15
References................................................................................................................................16

BUSINESS 2
Introduction
The business environment comprises all the external and internal factors that influence how
the business operates including customers, supply, management, demand, business
regulations, and employees. Understanding the business environment is very essential for
operating a successful business unit at any place, because, factors of the environment affect
all the aspects of the business, be it its location, structure, personnel policies, nature,
distribution system, or product’s price (Business Studies, 2018). Hence, it very essential to
analyze every aspect of the business, such as the way it operates different activities, its
mission, vision, structure, and other. The aim of this report is to identify different types and
structures of South East organization. It will highlight the essential aspects of three
organizations of South East such as their size, scope, vision, mission, business objectives, and
legal structures.
Overview of Diverse types and structures of Organizations
Different types of organization
Professional Corporations
Professional corporations are those entities for which different corporation acts make distinct
provision, regulating the utilization of the corporate form by approved specialists like
engineers, physicians, accountants, attorneys, public accountants, and architects. The overall
category of the PSC can be as C-corporation, LLC, or S-corporation, again with sub-
categorization as a PSC or PC. Without the law, these types of professions will be capable to
create only as a general partnership or sole proprietorship, because the beliefs, guidelines of
their board of licensing prohibit organizing in a manner that confines their professional
accountability towards patrons (Employment and Economic Development, 2018).

BUSINESS 3
Structure of Professional Corporation
Source [(Creately, 2018)]
Corporations can possess several structures; however, the maximum of the organizational
structure is comprised of a board of directors, officers, personnel, and owners or
shareholders.
Non-profit Corporations
A non-profit corporation is said to the lawful entity that has been combined in the law of its
authority for drives other than earning profits for its shareholders or owners. Based on the
jurisdiction laws, a non-profit corporation may seek authorized gratitude as such and can be
taxed in a different way from the profit corporations, and treated differently in numerous
ways (Mancuso, 2018). Example of non-profit Corporations is Rainbow trust children’s
charity.
Structure of Non-Profit Corporation