Different Types of Organization and Business Functions in M&S, Berkeley Partnership LLP and British Business Bank

Business and Business Environment
INTRODUCTION
 Business organization refers to the structure for Business organization is
an entity which is formed for trading and commercial purposes.
 Every business needs to adopt a legal structure that defines their
ownership, organizational structure and control over the business.
 The entity takes one of the four types i.e. sole proprietary, partnership
firms, corporations and company.
 The project is about the different type of organizational forms in the
business.
 The project also highlights the background, organizational and legal
structure, stakeholders of different forms of businesses.
 Evaluation of different functions in the entity and impact of
interrelationship of these functions with each other on organizational
structure.
Advantages and disadvantages of interrelationship between organizational
functions
Advantages
 Employees work in a department in which they are well qualified and
repetition of same work creates specialization.
 Dependency of every department on each other for fulfilling
responsibilities.
 Segregation of duties and responsibilities avoids duplication.
Disadvantages
 There may be conflict between different departments and chances of
blaming each other is high as all are dependent upon each other.
 The overall goals of the organization may be ignored as each
department will focus on their own departmental goals.
Marks & Spencer
Marks & Spencer is a public limited company and it is a British
multinational retailer. The founders of the company are Michael Marks
and Thomas Spencer and headquartered in London, England. The
company is engaged in providing products such as clothing, beauty,
home appliances and food products. It is a large scale entity operating in
global market with more than 400 stores around the world.
DIFFERENT TYPES OF ORGANIZATION
Sole proprietary
Sole proprietary is owned and managed by an individual who alone
enjoys the profits of the business and bear losses.
Partnerships
Partnership firm is a form of organization which involves two or more
persons who come together to form a business entity.
Corporation
Corporation is a separate legal entity which is formed by individuals
and shareholders.
Limited Liability Company
LLC is a form of entity which is owned by the shareholders and
managed by the directors of the company.
Business functions in M&S
Berkeley Partnership LLP
Berkeley Partnership LLP is a limited liability partnership firm having a
registered address in London, UK. The other office of the entity is in New York.
The entity provides management consultancy services and is a leading
consultancy provider in UK. It helps management team of different entities to
resolve critical challenges. It is a small scale enterprise employee with around 50
employees and operates in domestic market.
British Business Bank
British business bank is a public corporation owned by UK Government
but independently managed. The bank is headquartered in Sheffield, UK.
The aim of the corporation is to make a finance market for small and
medium scale enterprises. It provides funding and business advisory
services to business entities. The corporation is medium scaled and
operates in United Kingdom.
Different organizational functions
The different types of functions in an organization are operations, human
resource, marketing and finance.
Operations
It is also known as production function are responsible for production of
products or providing services.
Human resource
The human resource department is responsible for managing human
resource in the company.
Sales and marketing
The marketing department is responsible for sales, marketing and
providing after sale services.
Finance
The finance department deals with managing of funds in the company.
M&S
Production Human
resource
Sales &
Marketing Finance