How Business Operates

This presentation provides an overview of how business operates, including the different types of business organizations in the public and private sector, various business structures, the impact of external affairs on business functioning, and the importance of customer services for business success. It also discusses the benefits of customer profiling. The presentation concludes by highlighting the role of business in the economy and the structures followed by companies to achieve their goals.

HOW BUSINESS
OPERATES
TASK-1 & TASK-5

TABLE OF CONTENTTABLE OF CONTENT
• Introduction
• The different types of business organizations in public and private sector
• Different kinds of business structures which are followed by the business organization
• How external affairs effects the functioning of the business
• What is the impact of customer services on success of the business
• What are the benefits of customer Profiling
• Conclusion
• Referenceses

INTRODUCTIONINTRODUCTION
• Business is an activity which helps the individuals to attain
their desires goals by selling their products and services to
the targeted customers. These kinds of activities are done
to generate revenue from it. Business operations means the
functions by which the entrepreneurs operate their
business so that they can accomplish their targets

TASK-1TASK-1

The different types of business
organizations in public and
private sector
• Private sector: These organisations are also
called as citizen sector because they are owned
and run by the individual (Gadellaa, 2017)s.
These organisation has to follow the rules and
regulations which are formed by the government
and other legislative bodies. For example: new
look, Marks and Spencer, Tesco PLC and many
more.

CONTD…CONTD…
• Public Sector: It is the sector of industry
which regulated by the government. They
are working for the benefits of society. The
funds raised in these industry are from the
taxes which are paid by the people. For
examples: Government Communication
Headquarters (GCHQ), Government Legal
Services and many more.

Different kinds of business
structures which are followed by
the business organisation
• Divisional Structure: In this structure the
company is divided into different groups
according to their working which is useful in
order to perform their functions in an better
way (Gheribi and Ejsmont, 2018). In this all the
parts of the organisation work together and
support each other so that they can attain the
common goals of the company.

CONTD…CONTD…
• Functional Structure: in this kind of
structure the employer use to divide their
workforce according to their department.
In this same department same functions
are pu into the same group so that they
can work more efficiently and resulted in
the grwoth of the organisation.

HOW EXTERNAL AFFAIRS
EFFECTS THE FUNCTIONING OF
THE BUSINESS
• Political Factor: Tesco plc is operating in more
than 112 countries. It is the factor which determine
the changes in laws, rate of taxes, economic
conditions of the countries where the organisation is
operating and many other things. For example:
when the company changes in the rate of taxes.

TASK-5TASK-5

WHAT IS THE IMPACT OF
CUSTOMER SERVICES ON
SUCCESS OF THE BUSINESS
• Customers are the backbone of the organisation. As they play a major role in
life cycle of the organisation. The views of the customers are important in the
growth of the company. When the customers have a positive attitude towards
the brand this will enhance the sale of the products. When the customers have a
negative image towards the brand this will leads to the decreasing I the sale of
the company which resulted in the loss.

What are the benefits of
customer Profiling.
• Customers plays an significant role in the development of the company.
Customer profiling refers to the needs and wants of the customers so that the
company can satisfy their clients in order to full fill the requirements of the
company. It helps the customers to identify and increase the loyalty of the
clients.

CONCLUSIONCONCLUSION
• From the above PPT, it can be concluded as, the business plays an important
role in the development of the economy as they works to gain profits. The
organisation can be both public or private. Further, the report is being discussed
about the companies structures which are followed by the company in order to
attain their goals.

REFERENCESREFERENCES
• Adebayo, S., 2020. Inner-city Economic and Social Dysfunction: How Small Businesses Helped
Revitalized the City of Providence’s Economy (Doctoral dissertation, Northcentral University).
• Gadellaa, S.M., 2017. Incumbent Businesses within the Access Economy: Study into
Incumbents’ Strategic Considerations to Participate in the Access Economy and the Role of the
Dutch Government (Master's thesis).
• Gheribi, E. and Ejsmont, A., 2018. Effective Human Resources Management Practices as a
Competitive Advantage Factor in Selected Examples from Foodservice Family
Businesses. Przedsiębiorczość i Zarządzanie, 19(7, cz. 2 Firmy rodzinne-zarządzanie, rozwój,
przedsiębiorczość), pp.359-374.