How Businesses Operate - Sainsbury
Added on 2020-06-03
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How Businesses Operate
Table of ContentsINTRODUCTION...........................................................................................................................11.1 Types of organizations in private and public sector..............................................................11.2 Different organizational structure in businesses and reasons of variation............................21.3 Describe how national,local and global economic environment impact Sainsbury business.....................................................................................................................................................3TASK 2............................................................................................................................................32.1 Importance of accounting for success of business ...............................................................35.1 Different functions carried out by HR department in business.............................................45.2 Key features of employment legislations..............................................................................4TASK 3 ...........................................................................................................................................43.1 Interpret data on profit and loss account ..............................................................................4TEAM 4 ..........................................................................................................................................54.1 Stages of team development..................................................................................................54.2 Description of motivational theories ....................................................................................54.3 Comparison of motivational theories ...................................................................................64.4 Various leadership styles.......................................................................................................6TASK 5 ...........................................................................................................................................66.1 Impact of user's service on success of business ...................................................................66.2 Benefits of user profiling to business....................................................................................7CONCLUSION ...............................................................................................................................7REFERENCES................................................................................................................................9Different Types of Leadership Styles. 2018. [Online]. Available. <http://wisetoast.com/-different-types-of-leadership-styles/>............................................................................................10
INTRODUCTIONBusiness environment are thedifferent factors which can affect the company in manyways. So hence it is important for company to research of new technologies and they canevaluate different factors which are present in environment (Alajoutsijärvi, Juusola, and Siltaoja,2015). Through this they can make different changes in the organization so that they can createdifferent and innovative processes for producing various goods and services. Assignmentdiscusses about the Sainsbury company which is a retail firm. It was found in 1869. Reportdescribes about the key functions of business environment and different functions of businesses.It further explains about accounting workshops which can improve accounting skills, theories ofteam, motivation,leadership, impact and benefits of customer services on business. 1.1 Types of organizations in private and public sectorIn different firms there are various business organizations which can perform all activitiesin effective manner so that they can achieve goals. All corporates whether it is private or publictry to earn more revenues and increase the standard of living of all people. So hence it consists oftwo sectors that is private and public sector which are mentioned below:Public company: It's main motive is to provide services to public. They follow all rules and legislations which arecreated by government. Different types of public sector companies are-Department undertakings: It is a traditional form of company. Decisions are only taken under responsibility ofgovernment. It is a division of government. It do not have separate identity from government. Statutory corporations: These are the companies which are created by passing a specialact through parliament. For example national employment savings trust is scheme in U,.K. Itpries various pension schemes to all people. Government company: It is firm in which not less than 51% of share capital is owned bymembers of govt. It many be partially or fully controlled by govt. For example British railways isunder state owned railway which can give services to audience. Private company: They are owned and controlled by private people. They can create theirstructure so that they can easily adopt new trends in market (Aronoff and Ward, 2016). Types ofprivate organisations are-1
Sole proprietorship: They are the entity which is owned and managed by single person.Individual person only shares profits and losses. Partnership: It is the organisation which is run by two or more person. Profits andlosses are shared by all persons which are involved in partnership. For example ben and jerry runsmall business in partnership and thus they can earn huge profits. Limited company: In this companies come together so that they can accomplish theirtargets and goals. 1.2 Different organizational structure in businesses and reasons of variationIt is important for company to create various organizational business structure so thatthey can achieve the mission and objectives. Sainsbury is a firm which consists of differentemployees as it is dealing with grocery and clothing products. They have to collect money sothat they can increase their production. There are two organization structure. So hence Sainsbury follows a flat organizationstructure in which there are less level of management so hence all employees can easilycommunicate with each other. Hence manager motivates and give all staff members so that theycan take decisions and can perform well. So they can give good results. It results in improvingthe quality of product. Firm also follow decentralized organization structure in which different responsibilitiesare given to all managers and they are given according to skills and specialities of everymanager. Sainsbury scams external environment and hence they adopt recent and latest technologies sothat they can create good quality of goods and services. There is Tesco company which is another retail firm. It's organization structure isdescribed below:Functional organizational structure: In this responsibility for product is given to senior management group. This structure is requiredin case where effective knowledge is needed. Divisional structure: There are different functions of a single department such asHR,finance, marketing etc. It is under departmental manager and are accountable to unit manager(Aronoff and Ward, 2016). 2
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