Different Types of Businesses and Organizational Structures

Individual Report

Contents
MAIN BODY...................................................................................................................................3
Task 1...............................................................................................................................................3
Definition, characteristics and example of small business, medium size business and large size
business...................................................................................................................................3
2. Definition, characteristics and example of sole trader business, partnership, limited liability
business, public limited liability business and Cooperative...................................................5
Task 2...............................................................................................................................................7
3. Identify different organisational structures and explain how organisational structure affects
business productivity..............................................................................................................7
4. Using PESTLE analysis explain how different external factors affect the performance of a
business...................................................................................................................................8
CONCLUSION................................................................................................................................1
REFERENCE...................................................................................................................................2
Books and Journals.................................................................................................................2
REFERENCES................................................................................................................................3

INTRODUCTION
A company is form of artificial body on which regulatory regulation involves which are
mainly related to the business. Its is refers as legal entity that form through group of individuals
toe engage which operates business commercial or industrials. For organised in various types
towards in financial liability as they having purposes that mainly depending on corporate
financial liability law jurisdiction.
For this report, the organisation is selected Tesco plc. It is multinational retail of United
Kingdom based groceries and general merchandise firm (Appelbaum and et. al., 2017). It mainly
headquarter in Welwyn Garden city in Hertfordshire which is highly measured in gross revenues.
In this report, the topic are covering about different examples and characteristics about micro
business to large business. Then include the description of significant types of business is
operated by individual and group of people. Discuss about external environment that enhance
effective impact to business in all over sources as well as organisation structure. ‘
MAIN BODY
Task 1.
Definition, characteristics and example of small business, medium size business and large size
business.
Small business: A business whose function and operations activities in small size and
scope in terms of employees along with capital structure which involves lesser resource
availability that operate as small business.
For Example: All Shades is Recovered is United kingdom small business venture whose
revenue is less than 100 million.
Characteristics:
 Ownership: These firm basically have a single type of person. So, it also refers as
sole propertiorship.
 Management: Overall activities which are related to management is undertakes by
single owner.
 Limited reach: As they have limited areas to operates in local shops in industry
that located areas.

 Labor intensive: By having dependency on technology is very little because they
are tend to dependent on man powers and labours.
 Resources: the scope of resources are too less where small business enhance
immediately available resources.
Medium size business: According to this business are refers as Small medium enterprise
are defined differently around the globe. the resources, size and scope are less
satisfactory and quite stable in business world (Sovacool and et. al., 2020).
For example: Virgin group of mobile phone company is one of influence company in
United kingdom. It having more 200 million above revenue along with 250-350
employees.
Characteristics:
 Favour flexibility and innovation: As many technological which process and
insists innovation that having attributes to small and medium scale business.
They works on their existing as well as new concept which provides new scale to
perform in better way.
 Assists bigger companies: Small and Medium scale enterprise helps large
ventures whose served in some areas of operation that they are far better to have
available to enhance better supply of product.
Large scale Business: This type of business are refers to be most wider scale where they
have huge amount of employees and capitalisation (Morikawa., 2016). The only motive
of large business is to gain more competitive advantages from competitive marketplace or
business areas.
For example: As Tesco plc is one of multinational venture which is regulates through
many people who are acquired large number of shares or stakeholder in globally.
Characteristics:
 Large business are owns by many of business owner as it consider individual or
group of people who contribute to raise their business in global platform.
 As they having big objective to accomplish in terms of revenue, market share,
acquiring high potential employees as with having better working experience.
 The sources of financing is more stronger of large business as compared with
small business as well as medium organisation.