Types of Business Organizations Assignment

How Business Operates

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
1.1 Describe the different types of organisations found in the public and private sectors,...3
1.2) Explain the different structures within the businesses...................................................4
1.3Describe how the local, national and global economic environment impacts on the named
business...................................................................................................................................4
TASK 2............................................................................................................................................5
2.1 Importance of Accounting in success of a business.........................................................5
TASK 5............................................................................................................................................5
5.1 Different functions of HR Department in Business.........................................................5
5.2 Key features of employment legislation.........................................................................6
TASK 3............................................................................................................................................7
3.1 Key accounting information using profit and loss accounts............................................7
TASK 4............................................................................................................................................8
4.1 Describe the stages of team development........................................................................8
4.2 Carry out an analysis to determine own and others’ roles within a team.........................9
4.3 Assess three motivation theories......................................................................................9
4.4 Describe different types of leadership style...................................................................10
TASK 6..........................................................................................................................................11
6.1 Explain the impact of customer service on business success.........................................11
6.2) Explain the benefits of customer profiling to a business.............................................11
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Business is defined as an activity which is performed by individuals for making money
through producing or selling products or services. Whereas, Business environment is a sum of
internal and external elements that influences on the operational activities in positive or negative
manner of an organisation. The Present report is based on Vodafone which is a multinational
telecommunication company along with headquarters in UK. This assignment will discuss about
the different types of organisation in public and private sector along with various structures such
as matrix, divisional and so on. Importance of accounting, functions of HR department, stages of
team development will also covers in this report. Organisational chart, roles of departments,
motivational theories, Leadership theories will also discuss in this report. Impact of customer
services on the growth and success of an organisation and benefits of customer profiling for a
business firm will included in this assignment.
TASK 1
1.1 Describe the different types of organisations found in the public and private sectors,
Business environment can be explained as the combination of internal and external
factors which influences the day to day activity of company (Arend, 2013). There are various
things that can be included in business and they are laws and legislation, social media marketing,
upgraded technologies etc. Different types of organisation that are found in private and public
sector are listed below:
Private Sectors: This are those organisation which are managed and owned independent
authorities. This types of business are being conducted just to earn maximum amount of profit.
The major source of raising fund for these types of organisation is investors and even bank loans
can be taken if required. Vodafone can be one the best example of private sector company.
Private sector mainly includes sole trading, partnership firm and corporations.
Public sector: The business activity where major involvement is of government can be
said as public sector companies. This types of companies are mainly incorporated just to provide
better service to general public. The main funding is done by the central government. Some of
the example of Public sector companies are government health clubs, schools, oil corporation,
railways etc.

1.2) Explain the different structures within the businesses.
The different types of business structure are as follows:
Hierarchical Structure: This is the structure of business organisation where
subordinates need to work according to order which have been given by top level of
management. It follows the layout of Pyramid (Richter, 2013). Executives and managers can use
the hierarchy as motivation for employees that show supervisory or managerial potential to
perform at a high level of productivity.
Flat Structure: This is the organisational structure where level of management are very
few in numbers. This structure helps lower level of employee's to take active participation in
decision making. This helps to reduce the salary of middle management which helps to reduce
the annual budget cost of company. The main disadvantage of this structure is that multinational
companies cannot adopt this structure.
Matrix structure: A matrix organisational structure can be defined as the structure of
company where two or more than two types of structure are being followed just to enhance the
performance of an organisation. In this types of organisational structure, employees are very
skilled in functional departments, and project teams can get these highly-skilled employees
whenever their services are needed (Bharadwaj, 2013). The main disadvantage of this types of
organisation is that the overall cost of organisation increases here just because of additional
number of top level of management.
1.3Describe how the local, national and global economic environment impacts on the named
business.
The economic environment have a great influence with the help of internal and external
variables. The internals factors that influences the business activity are materials, strategies and
procedures. Where as external variables that can influence the organisation activity are political,
social, lawful factors. This factor can change the working style of an organisation at any time.