BUSINESS1 Table of Contents LO1:............................................................................................................................1 LO2:............................................................................................................................2 LO3:............................................................................................................................3 LO4:............................................................................................................................4 References:................................................................................................................5
BUSINESS2 LO1: Organisation: An organisation can be defined as the body that includes the set of activities and function which are being conducted by the people in order to serve the customers and earn profits. There are different types of organisations and the variation occurs in terms do their structure, size and scope (Prakash and Gupta, 2008). Following are some of the types of organisations: Private organisations: These are the organisations that are formed by the individual or the group of individuals and there is least interference of the government in the company. The major aim of the company is to earn profits (Cosh, Fu and Hughes, 2012). Size and scope: As far as the size of the private organisations are concerned, it has been analysed that these organisation can be divided into SME’s that is small and medium enterprises, Micro organisations that are very small in its operations and macro organisations that have larger reach. In concerned with the scope of the companies, it has been analysed that most of the privately owned organisation work for earning profits. Legal structure: the legal structure of a private company suggests that the company should act as the separate legal identity than the owners of the business. Shareholders are the group of people who runs the organisation (Gilmour and Bourke, 2008). Example: Cadbury Public organisations: These are the organisations that are owned by the government of the country and are majorly for serving the customers with the products and services that are offered to at very minimal prices. Size and scope: Most of the government based organisations are macro in nature as they have to serve the public of all over the country. The major scope of these organisations is to serve the public and enhance their living (Goswami and Goswami, 2010).
BUSINESS3 Legal structure: it is similar to the private companies but the difference is that these companies can sell their shares to general public through stock exchange. Example: Tesco Plc. Voluntary organisations: these are the organisations that are used interchangeably for the Non- Governmental organisations. These organisations are made by the group of people having common interests. Size and scope: the size of these organisations also varies according to the reach and the operations. The scope of this organisation is to serve the society without earning any of the profits (Scott and Davis, 2015). Legal structure:the legal structure of a voluntary organisation involve trust, unincorporated associations, company limited by guarantee and charitable incorporated organisations. Example: Oxfam LO2: Link between organisational functions and organisational objectives and structure: Organisational functions of Tesco PLC.: Organisational functions of the company can be defined as the departments or the areas of the company that performs a particular type of function that aims at achieving the organisational objectives. As far as Tesco is considered, it is the supermarket that operates in a retail industry and serves the market with range of products (Maggini and Bonifazi, 2012). There are many functional areas in the company that includes marketing and sales, finance, administration, human resources and retail. Finance: it is the functional area of the company that is responsible for measuring the financial performance of the company along with the recordings of all the cash inflows md outflows. In addition it, all the functions and the activities related to bills are also conducted by this department (Jones and Jones, 2010).
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