HOW BUSINESS OPERATES.

HOW BUSINESS
OPERATES

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Task 1 –The business environment..................................................................................................1
Describe the types of organisations found in the public and private sectors in a named country.
.....................................................................................................................................................1
Explain the different structures within the businesses in your selected country and suggest
reasons for the variation .............................................................................................................2
Identify a named business and describe how the local, national and global economic
environment impacts on this named business. ..........................................................................3
TASK 2- Business functions............................................................................................................3
Explain the importance of accounting for business success ......................................................3
Describe the different functions carried out by the HR department in a business .....................4
Outline key features of employment legislation.........................................................................4
TASK 3............................................................................................................................................4
Interpret the information on the profit and loss account.............................................................4
TASK 4- Teams...............................................................................................................................4
Carry out an analysis to determine your own and others’ roles within a team. .........................4
Describe the stages of team development ..................................................................................5
Assess three motivation theories ................................................................................................5
Describe different types of leadership style................................................................................6
TASK 5- Customer service..............................................................................................................7
Explain the impact of customer service on business success .....................................................7
Explain the benefits of customer profiling to a business. ..........................................................7
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................8
APPENDIXES...............................................................................................................................10

INTRODUCTION
The business is considered as a enterprise which deals in both production as well as
distribution of different activities. It is very necessary that business operates in a effective
manner. There are different activities which are indulge into business right from production and
so on. Business involves many sectors which are private, public and many more(Bigelow and
Barney 2021). The below report involves various types of organisation, different structures
within the business, analysis to determine roles within the team, stages of team development,
different leadership styles and impact of customer service.
MAIN BODY
Task 1 –The business environment
Describe the types of organisations found in the public and private sectors in a named country.
The business is defined as the enterprise that involves in the production and distribution
of the products for selling in the market place. There are many types of business organisation are
engaged in order to fulfil the several social, economical, requirements. Following are the sole
types of the business organisation. Now in the context of business environment, business
functions, teams and customer service are some terms will be explained in the further discussion.
PRIVATE SECTOR individual ownership or sole proprietorship:as per by name, this types of business is
operated by only one person. This is very oldest and easiest way of doing business within
the organisation, the businessman major work is to invest the capital, manage the
employees either labour and also they have to arrange the machines and systems. In this
individual ownership the owner alone have to manage the profits as well as loss of the
company. Partnership: it is formed by the limited resources and also if the heavy risk that is
involved in both of the organisation. This is the reason why this has result to the
establishment of joint stock companies. In the type of organisation the capital will be
increased by selling the shares that contains the different values. Also there is two main
types of partnership companies: private limited and public limited company(.Zucchella
and Previtali, 2019).
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PUBLIC SECTOR departmental organisation:this is managed by the official department under the
chairman of secretary and also there is a board or committee in every departmental
organisation. And after concerning to the ministers this is formed because for making
some quick decisions. public corporation:the public organisation is fully owned by the central government or
state government. These public corporation provides the good working conditions and
also supported their employees and manges well.
Explain the different structures within the businesses in your selected country and suggest
reasons for the variation
Organisational structure helps to define the hierarchy of the organisation, and find out the way
that gives the appropriate information and company goes through with it(Busco and Quattrone,
2018). When the company decided to establishing the structure of the organisation the business
managers have to decide which structure is fits for the organisation. Now in the context of U.K
business structure is as follows:
Functional divisions
This is a old structure that helps in the division according to the speciality of works. This
makes the better hierarchy of the senior management, finance, human resources department, and
also operations. And also it helps in U.K business to identify the top management and other
specialization of work department and sets the duty of who report to who, and how they can
interact with one another.
Divisional organisational structures
this organisational structures is focusing on the specialities of the employees, this group
structure divides the individual that is based on either products or projects that they are assigned.
And also each of the divisions has the unique purpose in U.K that makes this is difficult to
manage.
Matrix organisational structures
the matrix structure is little bit confusing. This is a combination of the functional and the
divisional organisational structures. In U.K the companies are divided into the different
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