This presentation discusses the different types and purposes of business organisations in the context of the business environment. It covers the public, private, and voluntary sectors and their roles in the economy.
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Task 1 Business Environment (TASK 1)
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Table of content Introduction Different types and purpose of business organisations Size and scope of range different types of organisations Conclusion References
Introduction Business organisations works under a framework which is called business environment; its an intermixture of various internal and external factors which reflect firm's function's including staff members, management, customers, supply and demand as well as business regulations. Apart from this, the report will be described different types of business organisations, such as – public, private and voluntary sectors.
Continue... Public sector - In an economy, public sector provides a range of governmentserviceswhichinvolvespublictransportation, infrastructure, public education, health care etc. Public sector is a part of the economy which combined all levels of government and non-government enterprises. Forexample–TheCrownProsecutionService(CPS)isthe principal public prosecuting agency for conducting criminal prosecutions in England.
Continue... Private sector -Due to globalisation, range of private sector organisations are rapidly growing and now it has become imperative part of an economy. Most of private business entities are run with an intention to generate higher profits. For example –Starbucks is a great example of private sector as its a leading coffee house chain which was established in 1971. Presently, it is operating more than 26000 locations over the world.
Continue... Voluntary sector –The sector comprises with those organisation which are implemented in order to benefit and enrich society withoutexpectinganyprofits.InUK,thereareseveral voluntary sectors which are liable to generate social wealth rather than material wealth. Forexample–TheBritishHeartFoundation(BHF)isa charitable organisation in the United Kingdom. It is the single biggest funder of cardiovascular research in the UK.
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Size and scope of range different types of organisations Public sector -UK public sector is one of the largest sector which helps in improving GDP rate; here it accounts for about 20% of the entire economy. For example -The CPS now employs about 6,000 people of whom some one-third are lawyers. Missionandvisionofthecompany–PublicProsecutionsare implemented in order to be respectful to the needs of victims, witnesses and to the interest of the community.
Continue... Private sector –In UK's economy, private sector organisations plays a vital role in terms of providing employment opportunities to people and improve their living standards. For example –Starbucks is a retailer and roaster of ground and whole bean coffee, tea and spices; the firm is privilege to connect with variety of customers by having exceptional products and services. Mission and vision of the company –The mission statement of Starbucks is to encourage and nurture the human spirit – one person, one cup and one neighbourhood at a time.
Marketing budget of Coconut Bliss Voluntary sector –These business associations are run and staffed by volunteers and carries out togetherness between who have similar interest. For example –British Heart foundation was established in 1961 by medical professional who had a concern about raising death ratio cause of cardiovascular diseases or heart attacks.
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Conclusion Fromtheabovementionedreport,itgetanalysedthat business environment plays a crucial role in growth and success of every organisation as it reflects its functions and working activities in direct and indirect manner. The report has stated various types of business organisation, such as – public, private and voluntary sector all of them has their own missions and visions.
References Agarwal,R.,Grassl,W.andPahl,J.,2012.Meta-SWOT: introducing a new strategic planning tool.Journal of Business Strategy.33(2). pp.12-21. Aterido, R., Hallward-Driemeier, M. and Pagés, C., 2011. Big constraints to small firms’ growth? Business environment and employment growth across firms.Economic Development and Cultural Change. 59(3). pp.609-647.