Understanding Business Organization in the Context of Travel and Hospitality Industry

Understanding business
organisation

TABLE OF CONTENTS
INTRODUCTION................................................................................................................................3
MAIN BODY.......................................................................................................................................3
Paragraph 1.......................................................................................................................................3
Paragraph 2.......................................................................................................................................4
Paragraph 3.......................................................................................................................................5
Paragraph 4.......................................................................................................................................6
CONCLUSION....................................................................................................................................7
REFERENCES.....................................................................................................................................7

INTRODUCTION
The term business organization is denoted by the meaning of a particular kind of an
established entity that is made up of or formed by a cohesive group of people belonging to varied
backgrounds who come together for the purpose of conducting commercial activity. These
organizations are governed on the basis of properly structured laws, property rights, etc. within
which these work (Holbeche, 2018). The following essay based report will accurately define and
outline specific three distinct types of business organizations along with their benefits and
drawbacks. It will also include several examples based on the tourism and hospitality sector in the
context of which this essay report will be conducted. The report will compare and contrast tall and
flat structured organizations with their advantages and disadvanatges which will be followed by a
discussion on three particular types of business functions and and their impact on management
activities. Lastly the essay will descriptively report on organizational culture and structure.
MAIN BODY
Paragraph 1
After having defined and discussed the concept of business organizations, it is required to
understand that there exists various types of businesses that are conducted by either the owners or
collective partners on the basis of clearly defined differing sorts of business objectives that pertain
to that particular business type (Ritchi and et.al., 2020). Out of the various business types, here are
presented three specific kinds of business types that are as follows:
Sole trader/proprietorship