Understanding Business Organisation: Types, Structures, Functions, and Culture

Understanding Business
Organisation

Table of Contents
Introduction .....................................................................................................................................1
Main Body.......................................................................................................................................1
Conclusion .....................................................................................................................................5
References ......................................................................................................................................6

Introduction
The term business organisation is defined as the process of analysing and evaluating how
business organisation are structured also it leads them to achieve desired goals and objectives.
Business organisation are incorporated in order to maximise their profitability and satisfy the
needs and wants of the target customers through offering them quality goods and services. It is
considered to be effective when there positive culture supported with effective structure and
strategy (Bäckström and Mosleh, 2021). This report highlights the detailed analysis of the
various business types along with their advantage and disadvantages. Also various organisational
structure are also highlighted along with the various business functions such as human resource
management, production, operations and so on and their impact on organisation and the people.
In addition to this the organisational culture and its impact on the success of the business is also
highlighted in this report.
Main Body
Discuss the advantage and disadvantages of various kinds of businesses
Business organisation is defined as the legal corporate entity started with the aim of
offering quality goods and services to the target customers and maximising the profit. The
business organisation helps in analysing how the business organisation are structure effectively
and also how this leads them to achieve desired goals and objectives (Irwin, 2020). There are
different types of business organisation such as sole trader, partnership, limited company and
cooperation, all the different types of business along with their advantage and disadvantages are
mentioned below:
Sole trader is the first type of business organisation is the sole trader, these type of
business are started by the single entrepreneur with very small amount of capital. All the
business activities are owned and managed by the owner himself even he is the only one
responsible for the overall profitability and risk incurred. These business are mostly owned and
carried out by sole trader specially for their own advantage (Jafari-Sadeghi, 2020).
1