How Business Operates

This presentation provides an overview of how businesses operate, including 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
 A business organization runs by some effective key factors which includes
vision, mission, goals and objectives of the company. These are the
elements which commonly work together in order to attain their
organizational objectives in an effective manner. It has been identified
that there are various sort of business organization and each of them have
their own functionality so that they can attain their targets by adopting
effective methods, theories, strategies and concepts. For the management
team of the organization, it is very necessary to develop a step by step
process so that it will guide their team members.

Different types of organization
 The different types of structure within the private and public sector is
given below:
 PUBLIC SECTOR
 PRIVATE SECTOR

Public Sector
 In the public sector, there are mainly three forms of organizations, which
are discussed below:
 Departmental Undertakings
 Government Company
 Statutory Corporations

Private Sector
 The different types of organization within the private sector is described
below:
 Sole Proprietor
 Franchise
 Partnership

Different structures within the business
 In order to grow and function properly, Business require definite structure.
An effective structure aid an entity to emphasis on every step that leads to
increase in profits.
 The different types of business structure followed in UK is given below:
 Functional Structure
 Divisional Structure
 Matrix

PESTLE analysis
 In order to analyze the impact of macro environmental
factors, companies make use of PESTLE analysis. It is
determine that an entity have different objectives and set
of roles as well as roles that is followed as per the
framework. It involve six main factors which are as
follows:
 Political
 Economic

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 Social
 Technological
 Environmental
 Legal

HR department in a business
 There are various functions performed by HR department that help
company to gain higher growth and development as well. The functions
are discussed below:
 Recruitment and selection
 Training and development

Features of employment legislation
 The Key features of employment legislations are discussed 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.