Different Purposes and Legal Structures of Organisational Sectors
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This presentation discusses the different purposes and legal structures of various organisational sectors, including the public sector, private sector, and voluntary sector. It explores the size, scope, mission, and vision of these sector organisations.
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Content included in ppt. Following contents are to be understood in this ppt as: P1)Differentpurposesandlegal structuresofseveralorganisational sectors P2) Size, scope, mission and vision of different sector organisations.
P1) Different purposes and legal structures of several organisational sectors InUKmarket,thereareseveral kindsoforganizationsprovide differentfacilitiestomillion customers, that are as follows: Public sector Private sector Voluntary sectors
Public sector organizations Public sector organizations are useful for: Helpful in public welfare. Makes decisions for production and distribution of products according to government policies. Contributesinaccomplishing government projects. Useful for country's development. Examples of public sector entities: Tesco, Sainsbury, Morris sons plc
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Purposes and legal structure (Contd.) Purposes: To build up society trust towards services provided by entity. To gain social welfare and promoting To contribute in country's development economically, socially and in increasing in employment. Legal structures: it is recognised that these entities have to follow on rulesandregulationsprovidedbycountry's government regarding business operations. However,governmentinterferesinbusiness activities as well gives instructions in respect of nation's effectiveness. Along with this, for setting up new business entity andcreatinginnovationsinbusinessoperation, organisation has to take approval from government.
Private sector organizations For managing business operations ofprivatesectororganisation, individual directors and managers are made decisions. Lessgovernmentinterferein comparisontopublicand voluntary sector entities. Examplesofprivatesector organizations:Iceland,John partnership, River lsland etc.
Purposes and legal structure (Contd.) Purposes: Privatesectorentity(Iceland)aimstomaximize profitabilitythataffectsfurtheroperationsand competitiveness. Itsetstargettospread entityinternallytoenhance revenue at maximum level. It aims to improve efficiency and effectiveness at higher level for longer time period and better quality services. Legal structures: There are few regulations on business operations for private sector organisations regarding decision making and production of goods. Government does not interfere in its activities as well decisions are made by company's manager own for expansion and creating innovations in its operations.
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Voluntary Sector organizations Voluntarysectororganizations aimsforpublicwelfareat maximum level. Alsoknownasnonprofit entities. Organizesseveraleventsand seminarstomotivepublic welfare. Examples of voluntary organizations: charitable trust, foundation, NGO etc.
Purposes and legal structure (Contd.) Purposes: To maximize public welfare and building up their trust towards services of entity. To increase social care as well contributing in nation's development. To taking care of country's people with ethics. Legal structures: There is no legal structure framed for organisations belonged to this sector. However, for planing and decision making regarding business operations' government does not interfere. Thus, voluntary sector organisations are free from legislations for operations and social
P2) Size, scope, mission and vision of different sector organizations Different organisations are varies in size, vision and mission. It can be understood as through studyingbelowmentioned tools as: Public sector organisations Private sector organisations Voluntary sector organisations
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Public sector organisation (Size, scope, vision and mission) Size and scope:As business operations are conducted according to government policies therefore, its size andscopearelessthanprivatesectorentities. However,decisionsarebasedoninstructions providedbycountry'sgovernmentforbusiness operations so its size get affected. Vision:Publicsectorentitiesviewsitselfas increasinginsocialwelfareandcontributingin nation's effectiveness efficiently. In addition to this, theseorganisationsvisionsarequitebroadand effective in accordance to further operations. Thus, public sector organisations set vision to increase its productivity and profitability in respect of nation's development. Mission:Publicsectorentities'missionareset according to government policies regrading business operations. However, they aim to increase revenue throughcontributeincountry'seffectivenessand social welfare at maximum level.
Private sector organisation (Size, scope, vision and mission) Sizeandscope:Itisconsideredthatprivatesector organisation as Iceland has variety of branches spread globally. Including this, its size and scope are the widest in comparison to other sector firms. Vision:Iceland sets vision of increasing in customers for its services that influences productivity, profitability and further operations. In accordance to this, it views itself as increasing of stores and establishing good relationship with other businesses internationally. Mission:Privatesectorentitiessettargettoincrease revenue and profitability at maximum level that affects further operations. In this regard, they set target to adopt new technologies and innovations in product services to maintaincustomers'attractionforlongertimeperiod. Including this, mission for private sector organisations are set in respect of its development and better quality services at maximum level. Thus, Iceland missions to increasing customersonlargescaletoimproveprofitability efficiently.
Voluntary sector organisation (Size, scope, vision and mission) Size and scope:In comparison to public and private sector organisations,thesevoluntarysectorentities'sizeand scopearesmallest.Theyaimtoprovidesocialcare services to a million people and contributing in nation's social development effectively. However, by recognising size and scope, these entities are for public welfare and building up their trust at maximum level. Vision:Thevoluntarysectororganisationsviews themselves at to provide social care services to needed people at maximum level. These entities set vision to build up society's trust and contributing in social development of nation effectively. Mission:One of the greatest mission of voluntary sector organisation is to maximize social services and building up society's trust at maximum level. Therefore, it sets targettoimprovesocialcareandincreasingnation's effectiveness.Itaimstocontributeinnation'ssocial developmentforeffectively.Thus,voluntarysector organisations mission is to public welfare and society's
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References Frederickson., H. and Ghere., R., 2013. Ethics in public management. ME Sharpe. Sauerborn, R., 2015. Low quality of care in low income countries: is the private sector the answer?.International Journal for Quality in Health Care. 13(4). pp. 281-289. Titi Amayah, A., 2013. Determinants of knowledge sharing in a public sector organization.Journal of Knowledge Management.17(3). pp. 454-471.