Covered content •Introduction •Types and purpose of a company along with its legal structure •Size and Scope of different organization •References
Introduction •Business environment is one of the important element which is required by many companies. •It comprises of certain factors that can have an impact on business operations and it can be positive or negative.
Types and purpose of company along with legal structure Public sector organisation:Government mainly owns this sector all the laws are formulated by these authorities. Legal structure: •General government •Public corporations
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Continued... Privatesectororganisation:Theybasicallyruntheir business individually or group in order to earn maximum profits. Legal structure: •Partnership •Sole proprietorship •Cooperative •Limited companies
Continued... •Voluntary Organisations:Their main purpose is not to earn profit but to provide better services to people in respective sectors. This is also considered as the third sector and works for the welfare of the society.
Size and Scope of different organization Size of an organisation differs from company to company it depends upon the choices. Micro Scale Small Scale Medium Scale Large Scale
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Continued... Public Sector Organisation:National Heath is a public fund organisation that work for the betterment of the people in England. It comes under the healthcare system of United Kingdom, and it is being funded by general taxation that are paid by the public who are resident of that nation.
Continued... Private Sector organisation:TESCO is a trading company in UnitedKingdomanddealsingroceryandgeneral merchandise and is third largest retailer through out the world and earn more profits as compared to other firms.
Continued... Voluntary Sector Organisation:Oxfam is an independent charitable organisation whose headquarter is in England, theremainfocusistoprovideservicestoeradicate poverty,givesbasicfacilitiesthroughdisasterrelief funds, policy research etc., thus, they work for general cause without any motive of gaining profit.
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Continued.. •Shareholders Analysis:To run a business in an effective manner it is essential for a company to have a healthy relation with shareholders because they are the one who provides them with all the required materials which is necessary for manufacturing any products.
References Drucker, P. F., 2017.The Theory of the Business (Harvard Business Review Classics). Harvard Business Press. Hillary, R. ed., 2017.Small and medium-sized enterprises and the environment: business imperatives. Routledge.