Types of Organization in Public and Private Sector
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Added on 2023/02/03
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This presentation discusses the types of organizations in the public and private sector, including their structures and their impact on the economic environment. It also explores the importance of customer service and customer profiling in business.
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How to business operate Task 1
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1Presentingtypesoforganizationinpublicand private sector Public sector: This sector is governed by national, local and state government. Their main motive is to serve for people and they do not work to generate more profit. Basicexampleofpublicsectorareelectricity department in UK, charity organizes for the needy people etc. These example are so common and their all fund is used for the welfare of public.
Continued.. Private Sectors This sector do not contribute their income to the government and their main motive is to generate more profit. This sector is run by an individual or group. This organization are usually free from the control of governmentandtheymaketheirownrulesand regulation. For Example, Asda it is one of the best leading grocery shop in UK who offer variety of items.
2 Different structure Matrix Structure This structure is help in taking decision making. Using this structure, changes are fast and help in improving the environmental problems. This structure is useful to achieve the specific result.
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Continued.. Hybrid Organizational Structure: This structure is mostly used in multinational company to operate the global environment. Sometimes it responses slow and does not show the exact solution. It help in functional department and increases the efficiency of company.
Continued.. Functional Structure: This structure helpful in small group of companies. This structure is helpful to find the talented person and who have knowledge related to work. Underthisstructure,thereiswidevariation becauseoflackincommunicationand coordination between each and every departments.
3 Impact on economic environment Local economic factors such as employment, taxes do affect the economic environment of Asda. Different substitute also affect the demand of product and services which are offered by Asda. There is great impact on its national economy also because of having high rivals in the market, Asda's profit margin is also affected. It offers many item to its customers that is why it faces loss in national economy. Asda's affect the global economic environment such that increase in tax rate or interest rate, sudden low rate in the export and import facilities or cheap labor, this affect the environment at global level.
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1. Impact of customer service A good customer service will help to build brand image. Enhances business profit as well as maximizes sells. Positive reviews about a company will lead the company to next level of success. Responds every complain related to customer will help to make good image.
2. Benefits of customers profiling Help in increase profit. Having a good customers profile will lead to reduces in competition. Help in better communication. If customer provide feedback then it will help to develop better opportunities for a company.
REFERENCES Nitzl, C., 2018. Management Accounting and Partial Least Squares- StructuralEquationModelling(PLS-SEM):SomeIllustrative Examples. In Partial Least Squares Structural Equation Modeling (pp. 211-229). Springer, Cham. Hiebl, M. R., 2018. Management accounting as a political resource for enabling embedded agency.Management Accounting Research.38. pp.22-38. Beyan, C. and et.al., 2018. Prediction of the leadership style of an emergent leader using audio and visual nonverbal features.IEEE Transactions on Multimedia. 20(2). pp.441-456.