Business Management in UK - PDF

Level 4 business
management

Table of Contents
INTRODUCTION ..........................................................................................................................1
MAIN BODY...................................................................................................................................1
Conclusion ......................................................................................................................................6
.........................................................................................................................................................6
REFERENCES ...............................................................................................................................7

INTRODUCTION
Business environment contains of two elements that are macro and micro. Every business
operates within these two factors. So, any change in factor will highly impact on operations and
growth of organization. Besides this, there are different types of organization which exists in
country. They all contribute towards economic growth. Moreover, they have different types of
stakeholders and accordingly set aims and objectives. This report will differentiate organization
on basis of their structure, size, scope, etc. Also, how it will show how stakeholders’ objectives
are achieved by them.
MAIN BODY
What? Description
Task is to identify and reflect on various forms of organization and their purpose. In this
analysis I selected particular country is UK and some companies (Renko and et.al., 2015).
Besides this, I was asked to make report on business environment and write my opinions and
views over analysis of different types of firm. Furthermore, I was told to thoroughly investigate
business environment and how each organization operate in it to meet stakeholders’ objectives. it
was not easy for me to gain knowledge about businesses. I considered some common public,
private and voluntary firms that exits in UK. I collected insight about legal framework defined by
government to form structure. It was necessary for me to get identify types of stakeholders
connected with business and how they interact with them.
So, what? Interpretation
I have analyzed that all the organizations differ in various types but all the enterprises
contain different objectives and business plans in order to achieve the future sustainability in the
market. I have discovered that different types of functionalities and objectives that are carried by
organizations such as private, public and voluntary enterprises (Chaffey, 2015). There are
various types of legal formats exist that supports the sustainability of the firms. I have analyzed
that various persons might be included in different organizations that may be called as the
owners of the company. There might be sole proprietorship and a partnership firm that may
include more than one ownership within the form.
I have also discovered that the aim of the business organization in the private sector is to
survive in the market for the longer run which can be done by making the huge profits. While, it
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has also been determined that public organizations are mainly aimed at providing the public
services rather than focusing on making larger profitability and serving customer satisfaction.
Marks and Spenser is an private organization which focuses on administrative structure which
that regulates specific level of regulations. Stockholders of this company focuses towards the
main objective of increasing the trade with quality of services. Customers are aimed at
consuming quality based services while employees are aimed at increasing the profitability of
company. On the other hand, I have found a major difference in determining the aims of
voluntary organizations named as WH (World Health) as they are mainly focused towards the
social motives which serve the society not for earning profits as voluntary sector works for
welfare of the society. Voluntary organization such as World health mainly focuses towards
functional legal structure of the business environment. I have found that employees of the
organization are the major point of concentration who need to be satisfied and then deliver the
effective productivity. However, Public enterprise namely Tesco mainly focuses towards the flat
structure of organization which involves the employees in providing the ideas and thoughts for
company.
First of all, I have been able to understand that private sector companies are privately
owned firms which trade the services and goods on normal profits and mainly obtains the fund
from the owners. The main objectives of the private firms is to sustain in the market for the
longer run. I also been able to understand that in public sector operations are generally run by
local authorities and they may involve the subsidies as a legal form of policies (Doz, 2017). I
observed that voluntary enterprises are run on the trust factors and managed by the member
committees. These industries are generally financed by sponsorship or member's fees. There are
certain policies developed on basis of which public enterprises operate. They are controlled and
regulated by government. Voluntary is either operated by government or individuals. they can be
a part of private firms as well. I noticed that there occur many differences between public and
private one. on basis of their objective they can be differentiated. furthermore, products and
services offered by them can be same. through stakeholder’s public firm attain their goals and
objectives while customers are important part for private companies. A private enterprise can be
formed for short period of time as well. the method or procedure applied by meeting stakeholder
objective varies in each organization. they are having pre-defined way of working and satisfying
stakeholder needs.
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I have also observed various differences in operations and functioning of different types
of organizations. It has been also analyzed that key business objectives are the main reason that
helps the managers in achieving the stated goals within a specific period of time. I have also
observed that production and functions of the different types of organization may vary according
to the services of the company as private sector produces the goods and services according to the
requirement of the customers and public sector mainly focuses towards delivering the quality-
based services which benefits the society (Foss and Saebi, 2017). On the other hand, voluntary
services cannot run to increase the profits of the company. I have been able to influence my
understandings about different types of objectives and stakeholders that are included in
enterprises. Different stakeholder such as suppliers, customers, managers and employees of the
organization that mainly contributes towards the successful attainment of the business objectives
within business. I have been also established a complete understanding about the interactions of
such stakeholders such as suppliers and customers that helps in determining marketing needs and
requirements of the customers that are involved in delivering the goods and services to
consumers. I have also observed that sustainability of an organization depends upon various
functional units of the business which helps in maintaining the balance between the supply chain
of the company.
Gibbs reflective cycle helps in analyzing all the differences and similarities between
different types of organizations (Gibbs reflective cycle. 2018). As this reflective cycle includes
six types of phases that helps me in deriving my learning .
Description
This phase of Gibb's reflective cycle helps in the stages that develops a complete
knowledge of analyzing the situation that predicts the description of the main problem. This
helps me in creating the understanding about scope and size of different organizations. This stage
basically helps me in describing the main problem which need to be experienced later.
Feelings: This phases that helps me in determining all and then helps in sharing my thoughts
about the same problem and I share my opinions and my thinking that are involved in this type of
experience (Laszlo and Cescau, 2017). According to the reflective cycle of the Gibb's, I
explained all my feelings and thoughts regarding solving the problem. The task of business
environment was very beneficial and I feel it boosted my learning over different types of
organization. I learned about objectives of different firm and purpose of organization which
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helped me in gaining insight over practices organization follow to me expectations of
stakeholders.
Evaluation: Third phase of the model then helps me evaluating positive and negative points
from the experience and then this also helps me in analyzing my personal experiences involved
in resolving the situation. Through this, I evaluated that size and scope of the private
organization is smaller then the size and scope of public. I evaluate various different types of
solutions help me in getting the better results.
Analysis: I have also analyzed that different types of stakeholders are involved in different types
of organizations in order to achieve their specific goals and objectives. I have been able to
analyses the main findings after evaluating various solutions of the problem. I also analysed that
private companies uses flat organizational structure which helps them to motivate the employees.
Conclusion: Gibb's reflective cycle then also helped me concluding my views and outcomes
after getting the experience from the given task (Doppelt, 2017). I have been able to conclude
that organizations may vary according to the types and structure.
Action plan: Then comes the last phase of the Reflective model the help in creating the action
plan if I got the same opportunity to analyze different enterprises and their objectives. I have
been able to create an Action plan that helps me in improving my lacking areas and
strengthening my weakness of reflective writing.
Now what
While conducting task I learned about various aspect of business environment. Basically,
there are two factors in which enterprise operate that are micro and macro. The growth of firms
is completely dependent on both factors. Also, I learned that how change in any one factor can
impact either in positive or negative way on goals and objectives of business. I gained
knowledge about private and public organization and how they are able to accomplish their
mission and vision (Doppelt, 2017). Furthermore, by evaluating legal environment of different
firms of UK, I noticed that in organizational structure is formed as per policies described in laws
of UK government. However, there is flexibility to change structure. I learned that most of the
voluntary business are formed by government. they are not required to have a proper legal
structure but must develop goals related to social cause. There are only one or two specific
objectives of voluntary as compared to private or public. In addition to it, there are not further
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types in voluntary. I gained knowledge about types of private and public organization. It was
easy for me to determine some factor and differentiate between them.
After completion of task I analyzed that there are different types of organization in UK.
they are public, private, voluntary, etc. (Henry and et.al., 2015) they differ from each other to a
great extent. also, I identified some factors on basis of which differentiation is done. moreover, I
also evaluated that goals and objectives, their legal structure differs according to size and scope.
thus, on basis of it they are formed and operate. in public, objectives are met by earning profits
and expanding in different markets whereas in public by doing economic welfare goals are
accomplished. the stakeholders differ on both. in private they are more as compared to public.
however, public firm stakeholders can highly influence on goals. in private one, goals can be
modified as per view of stakeholders. I summarized that some voluntary firms can also be public.
they work for social as well as economical welfare. I evaluated that private firm can not invest in
public. A private firm can be categorized into partnership, one person, etc. hence, its structure
also varies with it. in this goal can vary as per size of private enterprise (Rosemann and vom
Brocke, 2015). I stated that objectives of public and private can be similar but purpose is always
different. The private enterprise focuses on earning profits by offering goods and services. on
other hand public organization are set up for economic welfare of citizens. in this way there are
some differences between organization and their goals.
There are some implications which is required to be taken into considerations. This is
because it will help me to enhance my knowledge and skills. In future my focus will be on
outlining environment of one specific organization where I will cover different topic like
competitor analysis, threat, opportunities and weakness of one particular firm. . I will study each
type separately and write down brief information of it. I will include every element such as goals,
structure, stakeholders, etc. and then compare it with another (Godwyn, 2015). This will be
helpful for me to study in depth about way of attaining of objectives of each organization.
Besides this, I will take help of an expert who so that he or she can guide me in doing this task.
Thus, it will be easy for me to get more information on different organization that exists in UK.
Hence, in future my focus will be more on secondary writing because it helps in critical
valuation of different facts and finds about business environment. By doing something
differently there will be change in results. It will be more précised and accurate. Alongside, I
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need to improve my analytical skills so that it will help me in career development. however,
through this, I will gather data from internet as well.
Conclusion
Hereby, it is concluded that there are different types of organization such as public,
private and voluntary. Each of them varies in size, scope, etc. and is having different legal
structure. Also, public companies aim is to economic welfare whereas private business aim to
earn profits by providing goods and services. Voluntary is formed to provide basic necessities to
society to improve their living standards.
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REFERENCES
Books and journals
Chaffey, D., 2015. Digital business and e-commerce management. Pearson Education
Limited.
Doppelt, B., 2017. Leading change toward sustainability: A change-management guide for
business, government and civil society. Routledge.
Doz, Y.L., 2017. Strategic management in multinational companies. In International
Business (pp. 229-248). Routledge.
Foss, N.J. and Saebi, T., 2017. Fifteen years of research on business model innovation: How
far have we come, and where should we go?. Journal of Management. 43(1). pp.200-227.
Godwyn, M., 2015. Ethics and diversity in business management education: A sociological
study with international scope. Springer.
Henry, C. and et.al., 2015. Entrepreneurial leadership and gender: Exploring theory and
practice in global contexts. Journal of Small Business Management. 53(3). pp.581-586.
Laszlo, C. and Cescau, P., 2017. Sustainable value: How the world's leading companies are
doing well by doing good. Routledge.
Renko, M. and et.al., 2015. Understanding and measuring entrepreneurial leadership
style. Journal of Small Business Management. 53(1). pp.54-74.
Rosemann, M. and vom Brocke, J., 2015. The six core elements of business process
management. In Handbook on business process management 1 (pp. 105-122). Springer, Berlin,
Heidelberg.
Online
Gibbs reflective cycle. 2018. [online] Available Through: <
https://www.brookes.ac.uk/students/upgrade/study-skills/reflective-writing-gibbs/>
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