Understanding Business Organization: Advantages and Disadvantages of Different Types of Business, Organizational Structures, Business Functions, and Organizational Culture

This report discusses the advantages and disadvantages of different types of business organizations such as sole trader, partnership, limited company, etc. It also compares and contrasts organizational structures, discusses different business functions such as human resource management, production, operations, and explains how positive organizational culture impacts the success of an organization. The report includes a corporate example of Zara and Marks & Spencer.