Understanding Business Organisations

Understanding
Business
Organisations

TABLE OF CONTENT
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
Task 1...............................................................................................................................................3
Evaluating three types of business...............................................................................................3
TASK 2 ...........................................................................................................................................4
Comparing tall and flat structure of the organization ................................................................4
TASK 3 ...........................................................................................................................................5
Discussing three different business functions and its impacts on the functional management...5
TASK 4 ...........................................................................................................................................6
Defining organizational culture and its positive impacts for achieving success in business.......6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Business organization are the enterprise which is comprised and formed for carrying out
all the activities for the business as for earning profits and revenues. There are various forms of
business organization which is formed for carrying out the activities of the business including the
partnership, cooperative, LLP companies and various corporations. organization which are
mainly formed with combining different individual for carrying it the business operation helps in
achieving mission, vision and objectives by regularly working effectively. The main aim of
organization is to manage business well and bringing all the employees together for directing the
business a for achieving the desired objectives. This essay specifies details about defining
advantages and disadvantages of the sole proprietorship, limited company and partnership.
Further, comparing and contrasting the organizational structures. Also, discussing different
business functions its impacts on the functional management. Further, defining about
organizational culture and its positive impacts on achieving success. Lastly analysing the
industry practices of different organization.
MAIN BODY
Task 1
Evaluating three types of business
Sole Proprietorship: A sole proprietorship is an easiest kind of business. This type of business is
completely owned and managed by a sole trader. All the risks and profits or losses are bared by
the sole trader.
Advantages Disadvantages
This type of business is easiest to establish. Sole trader has unlimited liability.
Out of all the other types of businesses sole
proprietorship is easier to operate. Also as it is
operate by a sole trader decision making is
fastest.
Lack of financial control and difficulty in
keeping track of expenses.