Types of Organizations and Stakeholder Requirements in Business Environment

BUSINESS
ENVIRONMERNT

Table of Contents
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
Various types of organizations and their purpose....................................................................................3
Comparison of two firms.........................................................................................................................4
Requirements of various stakeholders in chosen firm..............................................................................5
CONCLUSION...........................................................................................................................................6
REFERENCES............................................................................................................................................7

INTRODUCTION
Business Environment refers to external and internal factors that affect the business
operations of an entity. It is comprises of customers demand, employees within the business. It
also comprises of demand and supply management, suppliers, customers and governed activates
that impact business externally.
Report will explore different types of organizations and their purposes from various
sectors. Then the study will compare two organizations. Furthermore, it will demonstrate the
requirements of stakeholders in a chosen firm. Lastly, it will give a conclusion based on the
study.
MAIN BODY
Various types of organizations and their purpose
Functional organizational structure – In this type of structure people used to do same type of
tasks that are mainly grouped based. The groups are dividing as per their function such as
marketing, finance and production. Quick decisions can be taken in such type of structure (Four
Basic Elements of Organizational Structure, 2019). The group mates can easily communicate
with each other. There is smooth flow of communication which leads to greater productivity in
the company.
Divisional structure – In this type organizational structure different departments are set so that
work can be done smoothly. As per the department tasks and work is assigned in the firm. As the
departments work separately there is less chance of chaos. These departments include finance,
production, sales and marketing department. Employees work in more coordinative manner in
such type of organization.
Matrix Structure – This is combined mixture of divisional as well as functional department.
The grouping of employees is done as per their specialization and further divided into different
products and projects. More autonomy is served to the employees (Vasilev, Bakhvalov and
Kazakov, 2017).