Introduction to Business: Types of Organizations, Marketing Strategies, Organizational Structure, and Functional Areas

This presentation on Introduction to Business covers different types of business organizations, including sole proprietorship, partnership, corporation, and limited liability company. It also discusses marketing strategies, organizational structure, and the significance of main functional areas such as management, operations, marketing, and finance. References are also provided.

Introduction
To
Business

Table of content
• Introduction
• Different types of business organisation
• Justification on partnership start-up is better than sole trader-ship
• Marketing strategy to reach prospective customers
• Organisational structure
• Significance of main functional areas
• Conclusion

Introduction
• Business refers to the activity of buying,
producing and selling of products or
services in order to make money in
effective manner. For this presentation,
selected company is Cozy which is a start-
up of UK.

Different types of business organisation
• Business organisation refers to an entity which is formed to
carry a commercial enterprise in effective manner. In order to
established a start-up an entrepreneur should analyse kind of
business in which their business run that helps them to achieve
their goals in effective manner. In context of Cozy, different
types of business organisation are described below:
• Sole proprietorship- It is a most effective form business for
those organisation that has only one owner because there is no
legal distinction between owner and its business enterprise.

Continue
• Partnership- It creates a formal agreement in between two or more individual in which
they are agree to run a business in effective manner.
• Corporation- It is an combination of companies that are authorised to act as single entities.
• Limited Liability company- In this type of business organisation owner's liability are
separated from the company

Justification on partnership start-up is better than
sole trader-ship-
• Partnerships and sole proprietorships are common business organisation which makes easy
for its owners in order to form and maintain it in effective manner. Number of owners in the
business makes main difference in between these two type of business organisation. In
partnership firms owners shares responsibilities, losses and profits effectively but in sole
proprietorship only one has authority to shared these.

Marketing strategy to reach prospective
customers
• Marketing is the process of promoting brand,
product and services in the market in order to
attract audience towards it in effective manner. It
mainly used to focus on consumer's needs and
wants in order to help companies to identify
customers for their product and service in
effective manner.

Organisational structure
• An Organisational structure describes how the certain
activities of organisation are delegated in order to achieve
organisational goals in effective manner. In context of
Cozy, analysing best organisational structure that
convenience their potential investors are described below:
• Functional structure
• Divisional structure
• Flat structure
• Matrix structure

Significance of main functional areas
• In an organisation, there are different functions which is
need to managed properly in order to achieve goals and
objectives in effective manner. In account of Cozy,
significance of main functional areas are described below:
• Management
• Operations
• Marketing
• Finance-

Conclusion
• From this presentation, it is concluded that business is a commercial entity that makes owner
to earn profit by fulfilling customers need and wants in effective manner. Sole proprietorship,
Partnership, Corporation and Limited Liability company are different type of business
organisation that makes owner to choose effectively before commencing their business in
effective manner

References
• Bocij, P., Greasley, A. and Hickie, S., 2018. Business information systems: Technology,
development and management for the modern business. Pearson.
• Bougie, R. and Sekaran, U., 2019. Research methods for business: A skill building approach. John
Wiley & Sons.
• Gitman, L. J., McDaniel, C. and Shah, A., 2018. Introduction to business. Rice University.
• Laamanen, and.etal., 2018. Editors’ introduction: Business models, ecosystems, and society in the
sharing economy. Academy of Management Discoveries. 4(3). pp.213-219.