This presentation provides an analysis of the different types and purposes of organizations, as well as the size and scope of each. It includes examples from the public, private, and voluntary sectors. The presentation concludes with the importance of considering external factors in formulating strategies.
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BUSINESS ENVIRONMENT PART (1 & 2)
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Table of content •Introduction. •Different types and purpose of organisation •Size and scope of different organisation •Conclusion •References
Introduction In an organisation, the business environment required to analysing two factors such external and internal factors which directly or indirectly impact on business operations and its functions in better manner.
Different types and purpose of organisation In the context of size and purpose, firm are divided into three department that includes private, public and voluntary sector. These firms are different from each others which can determining the points which are as under:
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Public Sector Public sector: This is that type of company which is regulated and operated by authorities so they can smoothly run the business operation of public companies. Purpose: The main motive of this firm is to giving best quality based goods and services to their desired customers. Legal structure– This can be defined as that administration of such public sector which determining the specific location and regions that includes central, state and local legal authorities.
Private sector Private sector- Such kind of organisation are mainly owned by an individual and group of person which main motive is to earning huge amount of income and revenue in better manner. Purpose- The main objective of this company is to providing best quality based food items and commodities to their customers that includes frozen items, meat and many more. Legal structures- In this organisation, legal structure are combined with different sections such as partnership, sole proprietor, limited firm, etc.
Voluntary sector Voluntary sector:They are giving social services and facilities to the country of citizens for the business welfare. Purpose-The main motive of this company is to distributing and contributing in nation of economy and satisfying their all needs and demand in better manner. Legal structure-In this type of sector, the board of director treated as trustees who can developing and making accurate decisions and activities.
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Explain size and scope of different types of organisation. In an organisation, there are various size and scope according to the nature of business. They are determining and considering the targets and goals that has been set by them. There are certain types of companies along with scope and size that are as under:
Private sector Private sector– Such companies are directly regulated and operated by an individual. The main goal and objective of this firm is to getting high return and gain profitability with the help of business operations along with limited resources.
Public sector Public sector corporation scope and size – Such type of organisation which has been regulated and operated by legal government and authorities bodies so that their size is large than other companies. WALMART is public industry which mainly deal with selling different types of effective goods and services in effective way. This has been regulated at different nations in all over the world.
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Voluntary Sector Voluntary sector scope and size- This can be understand for taking exampleofWELCOMEtrustwhichisfamousnonprofit organisation which is around 51 stores and total number of staff members which is approximately 3000 who are doing working in this company.
Conclusion As per the above assignment concludes that to have smooth and efficient working, managers should consider factors of external environment and formulate strategies according to that. They should implement all necessary legal and political factors to avoid any disputes.
References Cavusgil, S. T., and et. al., 2014.International business. Pearson Australia. Chavis, L. W., Klapper, L. F. and Love, I., 2011. The impact of the business environment on young firm financing.The world bank economic review. 25(3). pp.486-507. Chesbrough, H., 2010. Business model innovation: opportunities and barriers.Long range planning. 43(2). pp.354-363.
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