Business in Practice

Business in
Practice

Contents
INTRODUCTION...........................................................................................................................1
SECTION 1......................................................................................................................................2
Different types of companies and how they work..................................................................2
SECTION 2......................................................................................................................................3
Different companies from sole traders to cooperatives and Limited Liability Partnerships..3
SECTION 3......................................................................................................................................4
Identification of different organizational structures and explaining how does organisational
structure affect business productivity.....................................................................................4
How different external factors affect the performance of a business – PESTLE Analysis....5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Discovering and utilising the optimal ways of operating for the purpose of reaching on the
objectives of business organisation are included in the best practices of business. This process
state staying on top of the newest operations trends for the success of business. The purpose of
this report is to know about the business practices. It includes various types of Companies along
with the various companies from solo trades to corporate and limited liability partnership. It also
identifies the various organisational structures and how they affect business productivity. It also
involved the reasons how the external environment of business effects the performance of
business by using PESTLE analysis.
1