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How Business Operate INTRODUCTION 1 TASK 11 1.1 Various Types and Structure of Public Sector Organisation

   

Added on  2021-01-01

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How Business Operate

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Various types and structure of private and public sector organisation.................................11.2 Different structure within the business.................................................................................31.3 How local, national and international economic environment impacts................................4TASK 2............................................................................................................................................62.1 Importance of accounting for business success....................................................................65.1 Different functions of HR division in business ....................................................................75.2 Key features of employment legislation...............................................................................8TASK 3............................................................................................................................................93.1 Accounting workshop...........................................................................................................9TASK 4..........................................................................................................................................104.1 Team development..............................................................................................................104.2 An analysis to determine own and other roles of team membership..................................104.3 Motivational Theories.........................................................................................................104.4 Different types of leadership styles.....................................................................................11TASK 5..........................................................................................................................................116.1 Impact of customer service on business success.................................................................116.2 Benefits of customer profiling to a business.......................................................................12CONCLUSION..............................................................................................................................12REFRENCES.................................................................................................................................13

INTRODUCTIONBusiness operations concern with everything which happens in the company for thepurpose of running activities and generate higher revenues or profits in an effective manner.Business man consider the action plan for operations by considering equipment, people andentire systems which are necessary to make organisational functions. There are defines varioustypes of business as per the size, industry, scope and many others. Some of most importantelements are process, staffing, technology and locations so that a business can be run itsoperations in ans effective manner. Every business firm belongs from different sectors as well asbranches that have various roles or responsibilities (Adjei, 2014). In the country of UK, many offirms are operating their functions or activities as per set visions or missions. Owners performvarious role to carry out the operations within the firm. This report is based on Sainsbury whichis supermarket chain store and provide variety of products or services in the United Kingdom. Itwill defines public and private companies and different structure of firm. This will also explainthe accounting and functions of HR department within the organisation. It helps in understandthe roles of team to get success. TASK 1(Covered in PPT)1.1 Various types and structure of private and public sector organisationIn this defined various types of business which operates its functions for the purpose ofattaining predetermined goals or objectives in well manner. These firms generally comes fromdifferent background and have their own objectives, size, structures and scope as well. The mainbusiness organisations in the private sector of UK are various such as partnership, franchise, soletraders and companies. In the sole trader, the owner starts their venture and perform wide rangesof activities as it is the common form business ownership. In this considered plumbing, electricalwork busking and window cleaning etc. on the other side, the public sector organisation, everyoperations and functions are regulated by the government authority. There are many of firmsincluded in the public sectors such as educations, hospital facilities, transportations services, roadconstructions, public services and many others which are operating by the government for thepurpose of providing several facilities or services to the people at less prices in well manner.Apart from these, UK is focusing on generating higher profits so that country's economy can be1

developed. They also try to improve living standard of people by providing employmentopportunities to them. Private sector is increasing fasts and contributing more for developingcountry. They are providing number of products or services to the public in the nation and alsohelps in increasing infrastructure so that sustainability development can be enhanced in wellmanner. These can be understood by considering various types of business in the private sectorsuch as:Sole proprietorship: In this defines a business venture which starts or operates by anindividual and they come up with various resources such as tools, technologies, land,capital and material for the purpose of earning money or raise profits in an effectivemanner. Owner is liable to operate entire business activities and make several decisionsso that they can create a better organisation. They conduct various functions oractivities and invest funds for getting higher returns in well manner. Owner makedecisions regarding adoption of tools or techniques and formulate strategies to achievebusiness goals. They also responsible for bearing risks or uncertainties if occurs duringbusiness operations in well manner. Partnership: A partnership term can be considered as the business form that are startedand operated by the two or more individuals. In this, partners come up with theirappropriate resources for the purpose of running or operating business in an effectivemanner. They consider an agreement while starting the business and agrees for sharingprofits or losses during business operations. It can be describe as the arrangement inwhich two or more persons engage in the business activities for sharing risks or profitsas well. Companies: it is generally defines the public limited company that are under the UKcompany law and common wealth jurisdiction. It has limited liabilities as owners arefree to sell their shares and trade it in the public place. They starts firm with minimumshare capital of euro 50000 and use PLC after the name. For example Tesco Plc, BTand Cadbury.Franchise: it is becoming more popular as this is a good idea for hiring out as well aslicensing to the other companies. A franchise generally grants the permissions forselling the particular products or services within a defining areas. In this, an individualtake out the franchise and make decisions regarding put down some money by2

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