P1 Different Types and Purpose of Business Organisations
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Added on 2020-10-22
P1 Different Types and Purpose of Business Organisations
Added on 2020-10-22
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Business and BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types and purpose of business organisations.....................................................1P2 Size and Scope of various types of organisations.............................................................5TASK 2............................................................................................................................................6P3 Relationship between organisational functions with its structure to achieve objectives. .6TASK 3..........................................................................................................................................10COVERED IN PPT..............................................................................................................10TASK 4..........................................................................................................................................10COVERED IN PPT..............................................................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness and business environment is concept which includes different organisations andfactors which plays important role in business. Internal and external components which directlyor indirectly affect operations are acknowledged by administration to design system and executesappropriate activities. Present report is based on SANTANDER Bank which is leading andpopular bank in UK. Commercial, Investment, Market personal financial services and variousother financial products and services are provided by bank. This assignment defines differenttypes and purpose of business organisation which varies with each other in aspects of size, scope,objective and structure (Chetwood and et. al, 2014). Executive divide members and formulatedepartment which includes activities which have relationship with each other. This helps seniorsaccomplish their goals and objectives within defined period of time. PESTEL and SWOTanalysis are appropriate internal and external tools used by management to assess impacts ofmacro environment factors and capabilities of system. TASK 1P1 Different types and purpose of business organisationsIn present fast development time, business environment is upgrading at fast rate. Thisincreases opportunities for firms to execute activities and generate good amount of revenue frombusiness. Brexit was beneficial for UK, as it enhances number of possibilities and chances forenterprises. Private, public and voluntary are forms of businesses which are distinguished inaccording to their size and objectives. It is essential that adequate items and services aredelivered in market in respect to wants and requirement of people. Along this, executive anothergoal is to generate appropriate profit from business. These are various tactics which dividecompanies in following categories which are described below (Crane and Matten, 2016):Basis ofComparison For Profit NPONGOMeaningThis sector definescompanies which areincorporatedbybusinessperson to utiliseThese are organisationwhich conduct activities toenhance society conditionsand standard of people.Non-Governmentorganisation arecharitable trusts whichexecute tasks for1
funds and gain adequateamount of revenue (Saleem,2017). Money earned is investedback in business, so thatappropriate operations areexecuted properly. developing society anddeliver adequateproducts and facilitiesfor needy people. Area ofOperations Large and small scale ofactivities are conducted byprofit firms. Limited area of operationsare executed by Non-Profitorganisation. Large scale ofactivities are conductedby NGOs.ObjectiveMain goal of profitorganisation is to increasemarket reach and customerbase to enhance salesvolume and profitability. NPO objective is topromotescientificdisciplines, art andcommerce (Gharajedaghi,2011). Prime motive oforganisation is toreduce poverty leveland provide adequateitems and services topeople. These are different types of business organisation which are stated beneath:Public organisation: This sector defines firms which are regulated and controlled bycentral or local government; to enhance and strengthen economy of country. Authorities fundthese organisation to increase employment opportunities and give facility to people to generateadequate income for their livelihood (Meiners, Ringleb and Edwards, 2014). Bank of England ispublic bank established in UK. Purpose: This bank aim is to raise funds and provide money to State by keeping custodyof gold reserve of UK. Government gives support and help to organisation by providing themfunds at lower rates. Advantage: Public organisation enhances employment opportunities and provide chancesto people to generate money for maintaining their living standards. Money which authorities getfrom tax are used for providing various facilities such as electricity and water supply to public(Gilboy, 2016). Disadvantage: This sector has less competition and government knowledge determineactivities that are conducted to enhance and develop state of economy. This impacts on use offunds which are received by authorities from tax; thereby remain properly utilised.Legal structure:2
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