Types of Companies and Their Impact on Business Performance

Types of companies

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
TASK1.............................................................................................................................................1
Explain the different types of companies and how they work....................................................1
TASK2.............................................................................................................................................3
Define various types of business corporations with features and illustration.............................3
TASK3.............................................................................................................................................4
Define different types of organisational cultures & how it affects productivity of business......4
Explain how different factors of pestle analysis impacts the business performance..................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Business is defined as company or firm that indulge in commercial, professional and
industrial activities and process that plays prominent role in accomplishment of business
objectives and goals with aim as to serve the society and solve social problems (Akhtar and
Sushil, 2018). Company is defined as the separate legal entity that represents association of a
person and individual with unique & specific with sharing of a common purpose.
Marks & Spencer is a multinational British retailer who offers clothing and home
products and food products with their own label. The company is registered in 1884 at England
by Michael Marks & Thomas Spencer.
This report is based on the topic “Types of companies”. Here different types of
companies with characteristics and examples based on comparison are discussed. Further internal
factors and external factors of companies are considered within report so as to analyse their
impact on respective organisation.
MAIN BODY
TASK1
Explain the different types of companies and how they work.
Micro Business
Definition: This type of business is opened independently with 1 minimum or maximum
number of employees is 9 and annual revenues of micro business is under $25,000. it is the type
of business that has legal and formal business structures (Bruijl, 2018).
Characteristics: The main characteristics and features of micro business reflects as
attainment of higher profits, limited control and monitoring is needed for operation and
functioning of business in effective manner.
Example: The best example of micro business of United Kingdom is “Mantons Cards”, it
is local retailer with aims to offer world's best selection of gifts and greeting cards. Mantons
cards worked hard with local suppliers & great artists so as to offer local-themed merchandise.
Small Business
Definition: This is refers as the business which opened independently and the limited
number of employees are 10 and annual revenues under $50,000. small fussiness is varies upon
1