Understanding Business Organisation and Their Environments

Business Organisation
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INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5
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Understanding business organisations and their environments
INTRODUCTION
Organisational structure plays important role for any organisation to run business operations
in more efficient manner. This structure mainly provide details about the manner in which
certain activities are delegated to accomplish objectives and goals of company. Along with this
organisational structure duly outlines employees’ roles and responsibilities in an organisational
workplace premises (Albu, 2021). Company can operate in more effective manner and can get
benefit in terms of better communication, duplication of work, greater employee performance,
improved operating efficiency and faster decision making. In simple terms organisational
structure is a system that defines hierarchy in an organisation and identify every job function and
establish the foundation on which company is required to operate to assure future growth.
Present essay is conducted on the topic of understanding business organisation and their
environment which outlines the advantages and disadvantages of various forms of businesses.
Along with this comparison and contrast organisational structure and their impact upon company
success is also included in this report.
MAIN BODY
Business organisation define as a way in which business structure provides direction and
foundation to an organisation to fulfil overall objective. There are various forms of business in a
business environment. For example, sole tradership, partnership and private limited company can
more. In terms with sole tradership, this organisational structure is easy to setup and in this
owner have responsibility of all the losses as well as profitability. Furthermore, it has been
underlined that sole trader have significant benefit in terms of effective decision making, as in
this they are the only responsible individual to take decisions on the behalf of business. This
form of business structure can face certain difficulties in terms of issue to raise further capital.
Copywriters, designers, marketers etc are some certain examples of sole trader (Cribb, Miller and
Pope, 2019). Another form of business type is partnership in which two or more than to
individual comes together with the help of a partnership agreement to conduct business roles and
responsibilities. Louis Vuitton and BMW, Red Bull and GoPro, Spotify and Uber are some
examples of partnership. In addition, this this, private limited company include lawyers,
accountant etc. It has been evaluated that in partnership business owners have benefits in terms
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