Types of Business and Organizational Structures

Business in Practise

Table of contents
INTRODUCTION...............................................................................................................3
MAIN BODY.......................................................................................................................3
Micro business...............................................................................................................3
Small business...............................................................................................................3
Medium business...........................................................................................................4
Large business...............................................................................................................5
Sole trader business:.....................................................................................................5
Partnership:....................................................................................................................6
Limited liability business................................................................................................6
Public Limited liability business......................................................................................7
Corporative.....................................................................................................................7
Types of organisational structures.................................................................................8
PESTLE analysis...........................................................................................................9
CONCLUSION.................................................................................................................11
REFRENCES...................................................................................................................12

INTRODUCTION
The report consists of the different types of business such as small, medium,
micro and large business. The report provides with their definition, characteristics and
examples. The definition of the business like the partnership, limited liability business,
sole trader business public limited liability business and corporative business are
discussed. Different types of the organisational structure are identified and their impact
on the productivity of the business is discussed. The PESTLE analysis is used to
discuss the external factors impact on the performance of the company.
MAIN BODY
Micro business
The business that have very few employees, less than 10 people and the
business is started in small capital taken as a loan from the bank is called micro
business (Kovalenko and Kuzmenko, 2020).
Characteristics
 Willing to take the risk.
 Driven to succeed.
 Confident, passionate and enthusiastic.
 Main focus is on achieving the goals.
 Self- reliant as well as self-motivated.
 Have a work life balance.
 Expert advice is taken.
 The processes are automated by using the technology.
 The finances are monitored closely.
Example
 Castle Hill Fire Protection Ltd
 Boss Brewing Company
Small business
The small business is generally a privately owned corporation, or partnership
having less employees as well as less annual income than the regular sized business.
They may have 50 employees depending on the type of industry.

Characteristics
 Single ownership
 Management is controlled by the owner.
 Limited reach for the operation.
 Labour intensive and have low reach to the technology.
 Open and flexible to sudden changes.
 Utilize the immediate and local resources.
Example
 Broadsword Event House
 CafePod Coffee Co.
 Davison Canners
Medium business
The medium size businesses can be owned and managed by family or they can
be managed by other people. The business is generally well- established along with the
observable tracking record that facilitates the financial decision making by the lender or
the investor (Bouey, 2020, March). They have approximately 250 or less employees in
the business.
Characteristics
 The customers are evaluated.
 Salient features are reacted upon.
 Partnership as well as strategic alliance is used.
 Quality is focused upon.
 The employees are treated well.
 Use of internet.
 Sharing of information.
Example
 Verdant Leisure
 Smith Brothers
Large business
Large size business are the mostly in the mining and manufacturing industries.
The business employs 500 or more individuals. The business other than the