(PDF) Organizational Types, Functions and Structures
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Added on 2021-01-02
(PDF) Organizational Types, Functions and Structures
Added on 2021-01-02
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Organizational Types,Functions and Structures
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1. Different types and purpose of organization, public, private and voluntary sectors andlegal structures............................................................................................................................3P2. The size and scope of a range of different types of organizations........................................8TASK 2............................................................................................................................................9P3. The relationship between different organizational functions and the ways to link it withorganizational objectives and structure.......................................................................................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness environment is the composition of the total factors which affect the business(Business and Business environment, 2019). Both of the external and internal factors worktogether to affect the function of an organization. An organization should keep in mind thesefactors and adopted to them, this will help it in gaining competitive advantage and sustainability.This report is based on the organization TESCO which was founded in 1919 by Jack Cohen. Theorganization is based in England having its headquarter at Welwyn Garden City, Hertfordshire.This report consists different types size and scope of organization in which three types oforganization are considered such as public, private and voluntary. The interrelationship ofvarious functions within organization and the ways to link it to organizational structure isdemonstrated. TASK 1P1. Different types and purpose of organization, public, private and voluntary sectors and legalstructures.There are three types of organizations present such as public, private and voluntary.According to this, the organization taken here is TESCO as private, NHS as public and Oxfam asvoluntary. Following is the explanation of such organizations:Private OrganizationPrivate organizations are the companies which are run by individuals and group ofindividuals to earn profit and not state controlled (Aithal, 2016). The private organization takenhere is TESCO. The details of the organization are explained below:Background details of company: TESCO is a multinational organization which is basedin UK, England. The company was founded in 1919 and since than it has expanded its businessin various countries such as Ireland, Malaysia, Czech Republic, Poland etc. The company manlydeals in grocery and multi-store channels. This organization is considered as the 9th largestcompany in the world in terms of retail sector and revenue. The CEO and chairman of thecompany are Dave Lewis and John Allen respectively. Products and services: TESCO deals in various sectors such as retailing of books,clothing, electronics, furniture, toys, petrol, software etc. But the main operation of theorganization is to provide retail products to its customers under a single roof. The organizations
has expanded its business in the above sector and therefore able to grow in foreign countriesalso.Vision Statement: The vision statement of the company mainly consists of five elementsas: wanted and needed around the world, a growing business full of opportunities, moderninnovative and full of ideas, winners locally whilst applying our skills globally, inspiring earningtrust and loyalty from customers, our colleagues and communities. This vision statement of thecompany has various lists included in it. There vision is very large as per their expectations.Mission Statement: The core purpose and mission of TESCO is to “We make whatmatters better, together.” This statement provides information about the contribution of thecompany towards making the products better and together (Bah, 2015).Legal Structure: There are various types of legal structures of a private organization tofollow such as: Sole proprietorship: This type of legal structure is followed by an organization which isrun by an individual. The risks and benefits all are depend upon the decision making ofsuch individual. There are various business types which are still running with this type oflegal structure. The decision making and various restriction are limited in this type ofbusiness. The owner take personal decision which will help it in taking quick decisions.This type of companies follow democratic style of leadership.Partnership: Partnership in a business is done by two or more individuals which areworking together to share profit and loss. An agreement is signed by the parties involvedin partnership so as to decide their shares. The person having more shares have moreinfluence in the organization. The decision making is done by the parties involved inpartnership. Sometimes there can be conflict also among the partners in case of decisionmaking which results in slow decision making. Joint Stock Companies: This type of organizations are formed when there is limitedfinancial resources and heavy burden of risk. The funds can be raised with the help ofselling the shares. There are two types of companies in joint stock such as private limitedand public limited company. In private limited company, there is no intervention ofgovernment and the members should be two or more and not more than 50 (Chang,2016). In case of public limited company, the members are open and it has minimum of 7members but there is no exceeding in the maximum number of members.
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