Understanding Business Organisations

Understanding
Business Organization

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
A business is refers to the legal entity that engages in a specific business, such as sector,
business, marketing, production, or buying or selling goods or services. Its primary aim is to
increase profits and income. There are various types of business owners, such as partners, sole
proprietors, and limited companies, each with their own set of advantages and disadvantages
(Ahmad and Murray, 2019). An organisational structure is a system or framework that involves
running a business to achieve a specific goal and intention in order to generate profits. The
organisational structure is chosen depending on the nature of the business activity. Store
constructions are classified into two types: high structures and flat structures. An organisation
performs a variety of operations, including management, manufacturing, and human resource
management. The task of systematically achieving the defined goals defines these resources.
There are many organizational cultural values and morality that have a positive impact on a
performance of the company. This report discusses the industries' strengths and weaknesses,
organisational structures, and operations conducted by the business organisation. This report also
covers industry trends as well as the concept of organisational culture.
MAIN BODY
Many activities are carried out by businesses with the primary goal of making a revenue.
These activities may include the manufacture and selling of products and services. These actions
are performed in order to meet the customers' needs and wants (Anshari and Sumardi, 2020). An
organisation can run a variety of businesses, which differ in the nature of the business and its
features as a sole proprietorship, collaboration or partnership, or limited liability company. A
sole trader is a company with a simple working structure in which all activities are performed by
one or more people. The sole proprietor makes all business decisions. The general merchandise
structure is straightforward, with quick decision-making and low startup costs. There are some
disadvantages to being a sole proprietor as a business owner, such as unlimited liability, limited
financing, and significant obligations and responsibilities to fulfil (Raynor and Coenen, 2022). A
partnership is a business or configuration between 2 or more people or companies who agree to
operate and manage in order to achieve a specific goal and purpose. Debt and profits are shared
between all members of a partnership. Partnerships have additional benefits in terms of ease of
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