Types of Businesses and Organizational Structures

Individual
report

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Section 1 ..........................................................................................................................................1
Definition, characteristics and example of micro business, small business, medium size
business and large size business..................................................................................................1
Section 2...........................................................................................................................................3
Definition, characteristics and example of sole trader business, partnership, limited liability
business, public limited liability business and Cooperative........................................................3
Section 3...........................................................................................................................................4
Identify different organisational structures and explain how organisational structure affects
business productivity...................................................................................................................4
Using PESTLE analysis explain how different external factors affect the performance of a
business. .....................................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business includes set of practices that are performed to develop products and services in
order to meet with the needs of customers (Slade‐Caffarel, 2020). Organisational structure can be
describe as the process according to business is conducting its practices in order to attain its
goals and objective. This report is based on Marks and Spencer company. This company is
dealing in retail sector that is providing its high quality products and services to customer. Head
office of this company is located in London, England and it is providing its products and services
to customers.
MAIN BODY
Section 1
Definition, characteristics and example of micro business, small business, medium size business
and large size business
Micro Business: It generally refers to the small business with few or less employees and
have a less turnover then certain amount is called as micro business. When referring to a small
legal business but are not financed is referred as Micro business. There micro business are
generally the family business where the requirement of employees can be one or two (Goss,
2015).
Characteristics:
 Owners are interested in micro businesses for their earn of living. Also, to generate the
large part of income, micro businesses are generally refer as the best to begin with it.
 The owner focuses on single product and achieve maximum profitability.
 Properly scaled, systematized and well structured (Hassan, Ahmad and Shiratuddin,
2015).
Examples states that: Locality grocery stores, FMCG goods are the real life examples of micro
businesses.
Small business: It refers to privately owned partnerships, corporations and sole
proprietorships that have less employees and even less annual revenue. It is similar to micro
business but the only different states that tax structure and capital investment is much easier for
small businesses then the micro businesses (Ambrose, Cordell and Ma, 2015).
Characteristics
1