This presentation provides an overview of the different types of business organisations and their purpose in the business environment. It also discusses the size and scope of business organisations. References are included for further reading.
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Business Environment TASK 1 (P1 & P2)
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Context INTRODUCTION Types and purpose of business organisations Size and scope of business organisations References
INTRODUCTION Business environment is an intermixture of all internal and external factors which will put a huge impact on growth and success of business. There is described different types of business entities and their purpose.
Different types of business organisations and their purpose Public sector– It involves all those business entities that are controlled and monitored by the government of the country. For example – British Broadcasting Corporation is most of the best example of public sector company. Purpose – The main purpose of public sector organisations is to developmoreandmoreindustriesthatprovidesemployment opportunities to people of the nation.
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Continue Privatesector–InUnitedKingdom,therearemanyprivate multinational companies established which focuses on earning huge profits. For example – Mark & Spencer is one of the popular private sector organisation. Its headquarter is in UK. Purpose – The main goal of private sector organisations is to increase their sales and makes higher profits.
Continue Voluntary sector –It is known as the third sector or non-profit business organisations. For example- The National Trust is a voluntary organisation. It is a charity that basically works for protecting historical and cultural places. Purpose – The prime objectives of voluntary sectors is to provide better and quality services to people who have low living standard.
Continue International growth of business - There are many multinational companies are regulated in different different countries. All of them have their own purpose and aims. Abovementionedpublic,privateandvoluntarybusiness organisations are not only spread in their nations even though they have large market share in other countries.
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Size and scope of business organisation Public sector organisations– These sectors are developed by the government of the nation. It is culpable for doing all functions and activities of the company in an effective manner. Mission and vision –BBC says that, ' Our goal is to linked, inform and empower the people together over the globe. Whereas the vision statement is – to extend, persuade and transform their attitude and skills and to act as the primary pipeline among customers and business.
Continue Private sector– Such companies are regulated by an individual or a team of some people who want to earn profits from market. Mission and vision – The mission statement of M & S is to render trendy products in the area of home, cloths, food as well as financial services. It also emphasis on value for the money of their customers. The vision statement of the company is – to be standard against that others are measured.
Continue Voluntary sector organisations– It is the simple associations of few persons who are able to share values and objectives. The mission and vision statement of this enterprise is same that is - To savethebeautyofhistoricalplacesandmonumentsbytheir preservation of their natural aspects.The mission statement of the charity is to domain and conserve the natural, archaeological and cultural heritage of UK.
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REFERENCES Siewiorek, A., and et. al.,2012. Learning leadership skills in a simulated business environment.Computers & Education, 58(1). pp.121-135. Welford, R., 2013.Hijacking environmentalism: Corporate responses to sustainable development. Routledge. Wetherly, P. and Otter, D. eds., 2014.The business environment: themes and issues in a globalizing world. Oxford University Press.