How Business Operate

HOW BUSINESS
OPERATE

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Different types of organisations found in public and private sectors in a named country.
Examples of organisations in private and public sectors.............................................................1
Different structures within businesses in your selected country and suggest reasons for
variation.......................................................................................................................................1
Describe how local, national and global economic environment impacts on business.............2
TASK 2............................................................................................................................................3
Importance of accounting for business success...........................................................................3
Different functions carried out by HR department in a business................................................3
Key features of employment legislation......................................................................................3
TASK 3............................................................................................................................................5
Present and interpret key accounting information using profit and loss accounts.......................5
TASK 4............................................................................................................................................5
Stages of team development along with diagrams.......................................................................5
Carry out an analysis to determine own and others’ roles within a team....................................6
Assess three motivation theories..................................................................................................7
Discuss different types of leadership style...................................................................................8
Impact of customer service on business success .........................................................................8
Benefits of customer profiling to a business................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES .............................................................................................................................10

INTRODUCTION
The term business defined an enterprise occupied in technical and professional state. It is
organised way of effort and various activities of an individuals person to produce more sell of
goods and services in terms of profit (Black, 2017). Business environment is the sum of all
internal and external factors of environment that can affect functioning of an enterprises. The
main purpose of business is to identify and determine firm growth and performance and
improves overall profitability and productivity. Various topics are covered in this report which
are named as types of organisations in private an public sectors, different types of structure in
selected country, pestle analysis, importance of business functions, features of employment
legislation, interpret key accounting information and stages of team development.
TASK 1
Different types of organisations found in public and private sectors in a named country.
Examples of organisations in private and public sectors
Private sector is a enterprise that are owned and managed by only private group for an
individual (Cramer, 2017). Various kinds of enterprise in private sector are sole proprietorship,
cooperative and firm. In this sector, they are generally run for profit for earning return on
business. Examples of private sector organisations are John Levis Partnerships.
Sole proprietorship: Sole proprietor a small design in easy to which organised a business
improve the operational efficiency and provide the tax benefits to minimise their liability.
Partnership are similar to sole proprietor but also multiple have been a roles and responsibility
to profit among themselves according to the arrangements among their partners.
Public sector is an enterprise that are owned and controlled by government and it can be
partially or completely managed by central, state government in nation. They are not generally
run only for profit but they provide survive goods and services to public. Examples of public
sector enterprise are BBC (British Broadcasting corporation).
Different structures within businesses in your selected country and suggest reasons for variation
Functional structures: It is said to be that they divide firm into various departments
based on their function (Escaleras and Chiang, 2017). This type of structure may be an
appropriate for people when they within their functional departments and communicate properly
with each other. These functional managers have an experience of supervise their role. It helps

enterprise to achieve their organisational objectives. Sainsbury is largest firm in UK in the year
of 1869 and it is used is functional structure because they provide a high quality product in low
prices.
Hierarchical structure: This type of structure contains a direct command of supply chain from
top to bottom. Sainsbury used in hierarchical structure because there is level of people above
each level of control and each level of responsibility is in control level above.
Matrix organizational structure: This type of structure provide in reporting level
between horizontally and vertically and each and every functional group support their new
product development and the type of structure may have different groups working together the
new product line.
Describe how local, national and global economic environment impacts on business
Pestle Analysis of Tesco:
Tesco is a multinational food retailing firm in UK and it is second largest retail market in
terms of profits (Fabuš, 2017). To describe how local, national and local business cam impact
environment factors are as mentioned below:
Political: With relation to Tesco, political factors can affect this firm it includes political
stability, tax legislation. Due to these stability, it plays a part of increasing and creating
employment opportunities to enhance their demand for products.
Economic factors: These factor can affect Tesco because firm should be aware of any
changes in policies, rules and taxation based system which could be affect accessibility of
finance. Furthermore, they have to decrease disposable income and household incomes.