This presentation provides an overview of how businesses operate, including the types and structures of private and public sector organizations. It also discusses the impact of the economic environment on business and the importance of customer service and customer profiling for business success.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
How Business Operate TASK 1 & 4 Task 1
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents •Introduction •Various types and structure of private and public sector organization •Different structure within the business •How local, national and international economic environment impacts •Impact of customer service on business success •Benefits of customer profiling to a business •Conclusion •References
Introduction Business operations concern with everything which happens in the company for the purpose 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 and entire systems which are necessary to make organisational functions.
Various types and structure of private and public sector organisation In this defined various types of business which operates its functions for the purpose of attaining predetermined goals or objectives in wellmanner.Thesefirmsgenerallycomesfromdifferent background and have their own objectives, size, structures and scope as well.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Continue.. These can be understood by considering various types of business in the private sector such as: Sole proprietorship Partnership Companies Franchise
Public sector companies Inthisincludedthosebusinessfirmswhichareoperatedbythe government authority as they are main stakeholders of these types of companies. These are as following: Central government Local government
Different structure within the business There are various organisations defines who have different structures and culture of the firms. It is necessary to follow such structure and consider those for running business in more efficient manner. In this consist some organisational cultures with beliefs, values, norms and code of conducts that company follows for run the business in an effective manner.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Continue.. Therearesomebusinessorganisationthathavedifferentlegal structures and forms as per their nature such as: Sole proprietorship Franchise Companies
Continue.. There are defines some types of business structure such as: Matrix structure Flat structure Tall structure
How local, national and international economic environment impacts Sainsbury is a retail industry based in U.K and international. It was founded in 1869. This retail industry is one of the most popular brand in a retail sector. This category includes formal wear, casual wear, party wear, fusion, accessories and other related things for men, women and children.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Impact of customer service on business success In the present era, management requires to improve customers services so that they can be loyal towards firm and achieve long term benefits within limited time period. It is necessary to appoint better skilled persons who are able to perform entire tasks or works in more effective manner and satisfy customers needs or wants through effective quality of products or services in well manner.
Benefits of customer profiling to a business Here are some benefits for the organisation with the helps of customers profiling such as: There are biggest opportunities for the company as they can identify customers choices and preferences regarding goods or services. This can be beneficial for gathering informations and appropriate data regarding customers so that company can meets with their desired outcomes in well manner.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Conclusion From the above report, it has been concluded that there are different organisations which belongs from various structure, types such as public and private. It defines several sectors and branches that considered by the business for performing several tasks or activities in an effective manner.
References Bernstein,M.H.,2015.Regulatingbusinessbyindependent commission. Princeton University Press. Doppelt, B., 2017.Leading change toward sustainability: A change- management guide for business, government and civil society. Routledge. Mackey, J. and Sisodia, R., 2014.Conscious capitalism, with a new preface by the authors: Liberating the heroic spirit of business. Harvard Business Review Press.