Types of Companies

Types of Companies

INTRODUCTION
Organizations are those kind of legal entities which are been used for conducting of
various kinds of activities existing within it. Also organization is related to those business
opportunities which has been formed in order to make sure that sustainability if attained within
market. In other words organization is that kind of commercial enterprises which makes
activities carried in proper manner. They are required over following laws which is related to
business. Organizations is mainly focused upon achieving of common goals and objectives
which is related to business. Scope of these organizations is wider in nature as they cover various
aspects of business. Nature is dynamic as they make target achieved in more effective way.
Further the file cover about micro, small and medium business organization. Then in this
organizational structure is maintained. In the end PESTLE is been done.
TASK
Section 1
Definition, characteristics and example of micro business, small business, medium size business
and large size business.
Micro businesses: This is the term that is been used for those organization which are
working at small level or less employees work within it. These enterprises operates with few
employees which is 10 but less then 50. Micro organization majorly works with less persons and
employees. They operate in the area they have been operating with relating in selling of good
and services in particular area they have established themselves. Some important aspect of these
organization are as follows:
 Under this organization only small number of employees works within it which are less
then 10 persons (Itoh, et. al., 2017).
 Funds arranged for these kind of organization is in micro form or through self investment
or money arranged.
 These businesses help improve the quality of life for people in developing countries, and
generally provide a good or service in their communities.
Example of these organizations are bakery, grocery stores and dairy product selling shops.
There are certain characteristic tics which is been possessed by such organization that has been
explained as follows:

1. Willing to Take a Risk
These are newly base organizations which has been set up by small business owners
which indicates that they are able to take risk in order to make its establishment within market.
They are able to spot various opportunities within market by opening way for growth.
2. Driven to Succeed
Through ideologies and business skills these business makes fast establishment of there
processes within an organization. Also they are able to attract customers which pave there way
towards success.
3. Focused on Achieving Goals
As they are new that is why they are required over focusing upon goals and objectives
that is been set by them. This makes them attain profitability and makes short, medium and long
terms goals achieved through making constant progress attained.
4. Confident, Enthusiastic, and Passionate
Successful small business owners are good at inspiring those around them whether that is
clients, employees, business partners, suppliers, or family members. This requires confidence,
enthusiasm, and passion (Hicks, 2020).
Medium business organizations: These are those organizations which has been defining
as those organizations which has more than 50 employees but less than 1000 working within an
organization. Such organization is been developed within market for performing of various
functions like selling of its products not only in local areas but to other areas for expansion of
business. In the various kinds of traits are there which are annual sales, number of employees,
amount of assess owned by organization and also future sustainability is been seen of such
organization. For example hotel, rental houses and departmental stores. There are certain
characteristics which is been possessed by them and they are as follows.
1. Favours flexibility and innovation
These organization makes process and innovation produced within its various processes
which makes objectives and goals achieved in more effective manner. As there main focus is
upon improvizing of its products which makes it attain sustainability within market. Also it helsp
in enhancing production capacity of an organization.