P1- Different types, purpose and legal structure of organisation

   

Added on  2020-10-22

21 Pages5282 Words274 Views
Business And BusinessEnvironment
P1- Different types, purpose and legal structure of organisation_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK ..............................................................................................................................................1P1- Different types, purpose and legal structure of organisation ...............................................1P2- Size and scope of different type of organisation ................................................................3P3-Relationship between different organisation functions , objective and structure..................7P4-Positive and negative impact of macro factors on Sainsbury business.................................9P5.internal and external analysis of company...........................................................................13p6. inter-relationship between strength and weaknesses and macro factors.............................16CONCLUSION .............................................................................................................................16REFERENCES..............................................................................................................................17
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INTRODUCTIONBusiness environment is a part of every business. Internal factors are those factor which canbe control by organisation like (employees ,owners) and external factors are those factor whichcan't be control by organisation and external factors( political, economic, social, technology,competitors ) that are influence to business .Present report based on Sainsbury company, it is public limited company which is registeredin London stock exchange and FTSE 100. this company founded by John Jains Sainsbury andheadquarter established in London, UK , EC1. Total 186900 employees engaged with thiscompany.Further study includes different types, purpose and legal structure, size and scope of publiccompany, private company, voluntary and small medium company Further mention relationshipbetween different functional department with objective and structure. This report also includesthat macro factor positive and negative impact on sainsbury company and Analysis internal andexternal factor that interrelated with macro factor(Hamilton and Webster, 2018.). TASK P1- Different types, purpose and legal structure of organisation Public company Public companies are those company which regulated by government(centralgovernment, state government and semi government) and at least 51% of shareholding taken bygovernment. Public company also called public held company or public traded companybecause that company's shares are freely traded on stock exchange. For example :- centrica public limited company- company is largest supplier of gas and electricto customer and having turnover 27.1 billion pound in the last year. PurposePublic traded company main purpose is generating employment for people. Company focus on improving welfare of people.Public company concentrates on increasing shareholder's value through maximization ofprofit.Legal structure1
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public company should have minimum 7 members and no limit on the maximummembers.“Public limited company” word use in the end of company's name. Public limited company require minimum two directors and one company secretary. Before start new public limited Company, must be allotted share to valued of at least50000 pound.Private company private sector company are those company which is not regulated by government. Thesecompany run by private individuals and group of individuals. Private company's shares privatelyand publicly traded on stock exchange(Quinlan and et.al.,2019.). For example :- Arcadia company works in clothing sector and sales are 2682 million pound andemployees 44030 who are engage with this company. Purposeprivate company main purpose is maximization of profit .Private sector purpose to compete with competitors by providing best services andproduct at a low price. Legal structure private company must have at least one director or secretary.Limited company must issue share to its initial member .“Private limited” word must be mention in the end of the private company name. Private company should have minimum 2 members and maximum 200 members.Voluntary organization voluntary organisation are those organisation where group of individual voluntary enterinto a agreement who run their business for welfare purpose rather than making profit.For example : wellcome trust is the UK based voluntary organization and expenditure is 728.1million pound.Purpose voluntary organization aim is wealth creation for society rather than material wealth.Provide benefit to community, increase health awareness and promote educationfacilities .Legal structure2
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voluntary organization follows the legal structure as per provisions given for trust ,unincorporated associations and limited company by guarantee. All Liability are in the hand of the voluntary organization owner. Memorandum of association must be prepare by company (Teece, 2018. ).small medium organization Small medium companies a non subsidiary company where numbers of members lessthan required members.For example: verdant leisure is Uk based small medium company and annual turnover is 31million pound.Purposemain purpose of small medium organization is increase competition through innovationand provide better services. Small medium organization aim is Increase employment and create opportunities forrural people.Legal structureIn small organization should have less than 50 employees and in medium organizationshould have less than 250 employees.Small organization having turnover under 10 million pound and in the other side mediumorganization turnover should be under 50 million pound, P2- Size and scope of different type of organisation Public company Private company Voluntarycompany Small mediumcompany Name of thecompanyNHSArcadia company Wellcome trustcompanyJ rothweham 3
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Objectives Promote to NHSbrand andinfluence tohealth servicesand generatingcommercialbusiness bygeneratingnetwork(Calabrese, and et.al.,2018. ) .The mainobjective of thiscompany is tocreate value and toexpand thebusiness so thatprofit can bemaximised.Main objective ofthe company is toprovide welfareservices topeople.this mainobjective is tocreate luxuryproduct by usingstones. For thisachievement theyuse advancetechnology.Vision Company visionis to providebetter health, careand value tocommunity.Arcadia companymain vision is topromote andimprovement ofservices andprovidespecialisedtreatment.To set up theresearch centrefor meeting theworld widehealthchallenges.Main vision is togenerate profit byproviding product,createemployment andenhanceinnovations andskills. 4
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