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The Business Environment Aimsandobjectives:Toprovi deanovervi ewab out diff erenttypesoflegalentitiesforabusinessandal so the organi zational structures in the context of UK. DATE AND NAME
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SourcesandPresentation Planning: •Sources: https://www.wikijob.co.uk/content/industry/public-sector/list-pu blic-sector-government-employers https://smallbusiness.chron.com/difference-between-organization al-structure-design-3839.html https://www.theguardian.com/news/datablog/2012/apr/24/top-1 000-charities-donations-britain https://organizationalphysics.com/2015/02/09/organizational-desi gn-the-difference-between-organizational-structure-and-an-org-chDATE AND NAME
Sources and Presentation Planning: •Presentation Planning: •Gatheringrelevantinformationondifferenttypesoflegal entities in the UK and types of organisational structure by web surfing. •Summarisingtheinformationinaworddocumentand preparingandproofreadingthePPTbasedonthose information. •Preparing references using Harvard referencing style. DATE AND NAME
Introduction: •The type of legal entity for a business organisation is varied and every form of a business structure may have its own sets of advantages and disadvantages associated with it. •The instant presentation briefly shows some key entities with a brief discussion on the type of different organisational structure as well. •The discussion has been performed in UK context supported by conciserecommendationandconclusiontowrapupthe presentation. DATE AND NAME
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Legal Entities: •Public sector organisation:Government has major stake in the businessandthusownsandcontrolstheaffairsofthe organisation.Generally,theessentialcommodities,national securityservices,healthcareservicesandcriticalbusiness operationsaregenerallyownedandcontrolledbythe Government (Wikijob.co.uk, 2020). •Example:NHS Scotland, British Army, Department of Work and Pensions etc (The Guardian, 2020). DATE AND NAME
Legal Entities: •Privatesectororganisation:Shareholdersaretheprimary ownergroupsandmanagementisappointedbythe shareholders. In this case, the stockholders are the primary owners and management may run the show and act in their fiduciary capabilities, as the agents of the owner groups. •Example:Tesco, Marks & Spencer, British Petroleum etc (The Guardian, 2020). DATE AND NAME
Legal Entities: •Mutual sector organisation:Two or more stakeholders form the ownergroupsofthebusinesswherethefunctioningand operation are governed by the principle of mutuality and private law.InUK,thepartnershipbusinessesaregenerally incorporated as per mutual faith and belief and private law. •Example:John Lewis Partnership, The Co-Operative Group etc (Rogers, 2020). DATE AND NAME
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Legal Entities: •Charity sector organisation:These are non-profit organisations established to attain social goals and operate for the betterment ofthesocietyandsocialwelfare.Generally,NGOs(non- government organisations) or NPOs (not for profit organisations) may fall under this category. •Example:Cancer Research UK, Royal Commonwealth Society for the Blind, The British Red Cross Society etc(Rogers, 2020). DATE AND NAME
Different Legal Entities in the UK: Business Name Business Type Purpose NHS ScotlandPublicTo provide healthcare services in the country TescoPrivateIt is a general merchandise retailing business John Lewis PartnershipMutualIt is also a retail business group operating through supermarkets, baking and financial services and related activities. The British Red Cross Society CharityTo provide humanitarian aid to the needy, poor and distressed people. DATE AND NAME
Conclusion and Recommendation: •There are different types of business entities found in the UK and across the world as well. •The legal entity of the business varies widely because of the ownershipstructure,purposeofthebusinessandalso advantages and disadvantages of each types of legal entities. •Therefore, it is recommended that the entrepreneurs may need to evaluate the pros and cons of each type of legal entities and then finalise the type of business they want to opt for. DATE AND NAME
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OrganisationalStructure: •Organisationalstructuresisafunction-centricapproachof organisationaldesigningandhencemaychangewiththe business strategy. •The purpose, accountabilities and key performance indicators (KPIs) are streamlined and established through ensuring an efficiently designed organisational structure (Sisney, 2020). DATE AND NAME
Types of Organisational Structures: •Centralisedorganisational structure provides lesser autonomy than adecentralisedone where the decision-making bottleneck does not arise due to centralised one-way communication flowing directly from Board that happens in a centralised scenario. •Ontheotherhand,bureaucraticstructurefocussesonthe workforcespecialisationanddivisionalstructure,denotes departmentalisation of business operations based on products, services,units,departments,projects,locationsorbranches (Smallbusiness.chron.com, 2020). DATE AND NAME
References: •Rogers, S., (2020).Britain's Top 1,000 Charities Ranked By Donations. Who Raises The Most Money?. [online] the Guardian. Available at: <https://www.theguardian.com/news/datablog/2012/apr/24/top-1000-charities-donations- britain> [Accessed 15 March 2020]. •Sisney, L., (2020). Organizational Design: The Difference Between Organizational Structure And An Org Chart. [online] Organizational Physics by Lex Sisney. Available at: <https://organizationalphysics.com/2015/02/09/organizational- design-the-difference-between-organizational-structure-and-an-org-chart/> [Accessed 15 March 2020]. •Smallbusiness.chron.com. (2020). Difference Between Organizational Structure & Design. [online] Available at: <https://smallbusiness.chron.com/difference-between-organizational-structure-design-3839.html> [Accessed 15 March 2020]. •The Guardian. (2020). Top Employers UK 2019. [online] Available at: <https://www.theguardian.com/careers/2019/feb/05/top-employers-uk-2019> [Accessed 15 March 2020]. •Wikijob.co.uk. (2020). List Of Public Sector Employers. [online] Available at: <https://www.wikijob.co.uk/content/industry/public-sector/list-public-sector-government-employers> [Accessed 15 March 2020]. DATE AND NAME
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