How Businesses Operate

How Businesses
Operate

Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY ..................................................................................................................................4
TASK 1............................................................................................................................................4
1.1 Explain the different type of organisation found in public and private sectors with
examples......................................................................................................................................4
1.2 Explain various types of organisation structure within the business....................................5
1.3 Describe the impact of local, national and global economic environment through PESTLE.
.....................................................................................................................................................9
TASK 2 .........................................................................................................................................10
2.1 Discuss the importance of accounting for success of business...........................................10
2.2 Explain the functions of HR department in business..........................................................10
2.3 Explain the features of employment legislation..................................................................11
TASK 3..........................................................................................................................................12
3.1 Present the key accounting information by using profit and loss account..........................12
TASK 4..........................................................................................................................................13
4.1 Explain the stage of team development..............................................................................13
4.2 Analysis personal and other roles within a team in an organisation...................................15
4.3 Explain any three motivational theories..............................................................................15
4.4 Explain various types of leadership styles..........................................................................17
TASK 5 .........................................................................................................................................18
5.1 Discuss the impact of customers service in success of business.........................................18
5.2 Explain various importance of customers profiling for a business. ...................................18
CONCLUSION .............................................................................................................................18
REFERENCES .............................................................................................................................19

INTRODUCTION
Business refers to a an organisation or enterprises which is engaged in various activities
such as commercial, industrial, professional etc. (Bonacich and Modell, 2021). It is an organised
efforts of an individual and a group of people who manufacture goods and services and sell their
service and goods for achieving higher profit. For success of an organisation its important that
they successfully operate its business operations. Business operations are influenced by business
environment. Business environment refers to a collection of internal and external factors which
positively and negatively influence growth of business. These factors includes customers needs
and wants, supplier, supply and demand, management, social trends, market trends, economic
change and so on. For this report Sainsbury company is taking into consideration. It is the second
largest chain of supermarkets headquarter in Holborn, London, U.K. It is founded in 1869 by
John James Sainsbury. It has more than 1428 shops and almost 111,900 employees are working
with it. This report includes various types of public and private sectors, different type of
organisation structure,PESTLE, importance of accounting and various functions of HR
department. Other than this it includes various stage of team development, various types of
leadership styles and benefits of customers profiling in business.
MAIN BODY
TASK 1
1.1 Explain the different type of organisation found in public and private sectors with examples.
Public sector- It refers to those companies which are under the control of government,
public funded agencies and other public enterprise which deliver goods and services and public
programs (Boone and et. al. 2019). It provide various services such as infrastructure, public
transportation, healthcare, police, education, military service and so on. There are various types
of public sector organisation which are discuss below:
 Departmental undertaking- It is the oldest form of public sector organisation. It refers
to one of the department of government which have no separate existence and its all
operations are controlled by any department of government. For example Railways,
telephone services, broadcasting organisation.
 Public corporations- It refers to a statutory corporations which is formed by the
government legislations and fully financed by the government. All roles and

responsibility, aims and objective, imitation and so on are decided by the act of
legislation. For example- Bank of England, British broadcasting corporations.
 Government company- It refers to those companies in which 51% of paid-up-share
capital is held by government. This type of companies are operate its business activities
under company act 2013. For example- The highway Agency headquarter in England.
Private sector- It refers to a company which is run by an individual and company for
achieving their personal objectives and making high profit (Brinch, 2018). There are various
types of private sector organisation which are discuss below:
 Sole proprietors- It refers to a type of small business which is owned by a single person
and the owner himself manage and control all activities of business. For example-
Achillious Energy
 Partnership- It refers to the association of two or more people who are come together for
achieving objective and making higher profit. Their profit sharing ratio is divided on the
bases on terms and conditions written on agreement between them. For example- EY
company
 Limited company- It refers to a company which is registered under company act 2013. It
has a limited liability and have a right to offer shares to general public. For example-
Sainsbury's
1.2 Explain various types of organisation structure within the business.
Organisation structure refers to a method through which organisation activities and
operations are organised and control. For success of any organisation its important that they
follow a proper organisation structure and hierarchy. There are various type of organisation
structure which are discuss below:
 Functional structure- It refers to a type of organisation structure in which the whole
organisation is divided into small groups of people based on their skills and
specialisation. Such as finance, marketing, production and so on.