How Business Operates

This presentation provides an overview of how businesses operate, including the different types of organizations, structures, PESTLE analysis, HR department functions, and features of employment legislation. It emphasizes the importance of considering company mission, vision, objectives, and goals for effective business operations.

HOW BUSINESS OPERATES
Task 1 and Task 5

Cover Content
 Introduction
 Different types of organization
 Public Sector
 Private Sector
 Different structures within the business
 PESTLE analysis
 HR department in a business
 Features of employment legislation
 Conclusion
 References

Introduction
 Businesses runs with the help of effective key elements such as,
progressing business plans, company vision, mission, objectives and goals.
All these factors associatively works together to achieve business goals
effectively.
 There are different types of business sectors and they have various
functions to follow in order to achieve their target remarkably.
 It is essential for them to adopt effective measures, theories, concepts and
strategies to perform at their level best.

Different types of organization
 Mentioned below there are different types of structures in private and
public sector:
 PUBLIC SECTOR
 PRIVATE SECTOR

Public Sector
 Organisations in public sector are mainly formed in three different forms
that are firmly described below:
 Departmental Undertakings
 Statutory Corporations
 Government Company

Private Sector
 There are different types of organisations in private sector like, sole
proprietor, limited companies, franchises and partnership. Some of these
are briefly described below:
 Sole Proprietor:
 Partnership
 Franchise

Different structures within the business
 Business need definite structure to function as well as grow. Effective
structure help business organisation to have proper clarity and focus on
every step towards high profitability.
 Mentioned below there are some different structure within business in
United Kingdom
 Functional Structure
 Divisional Structure
 Matrix

PESTLE analysis
 An organisation have different set of role,
responsibilities and objectives which they have to
follow according to an effective framework.
 Political: This factor determine influence of
government in an organisation economy and their
industry functions.
 Economic: This factor have a significant impact on
business operations. Economic factors have long term
effect on company operations.

Continue…
 Social: This factor is also known as socio-cultural factors. It include
shared beliefs and attitudes of society in a particular location.
 Technological: Technological factors are mainly related to technological
innovations, barriers, technology legislation, intellectual property issues
and research and information.
 Environmental: It include factors related to, environmental regulations,
ecological regulations, impact of adverse weather and sustainability.
 Legal: This factor affect functioning of business organisations in both
internal and external way.

HR department in a business
 Mentioned below there are some functions carried out by HR managers
which is performed by them in order to run business in effective manner:
 New Recruitment: It is one of the most important and basic function that
has to be performed by company human resource department.
 Training and development: Human resource department perform
function related to providing extensive training and development to
employees in an organisation.

Features of employment legislation
 Key features of employment legislations are briefly described below:
 Minimum Wages
 Health and Safety

Conclusion
As per the above mentioned report, it has been conclude that it is essential for a
business to consider all factors including company mission, vision, objective
and goals to run effectively.
It is important for an business organisation to consider all factors and adopt
appropriate leadership and motivation theories to conduct business activities
smoothly.

References
Ward, J., 2016. Keeping the family business healthy: How to plan for
continuing growth, profitability, and family leadership. Springer.
Tapscott, D. and Tapscott, A., 2016. Blockchain revolution: how the
technology behind bitcoin is changing money, business, and the world.
Penguin.
Davies, W., 2015. The happiness industry: How the government and big
business sold us well-being. Verso Books.