Various Types of Organizations and Scope of Business
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This presentation provides an overview of various types of organizations, including voluntary, public, and private organizations. It also discusses the scope and size of businesses, such as micro, small, and medium businesses. The presentation emphasizes the importance of the business environment and its impact on organizational functions.
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Business and Business Environment : TASK 1 (P.1, P.2)
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INTRODUCTION Business environment is important part that affect the whole internal and external factorthat would be impact on their functions such as Employee, business activity, operations, customers and management of company. External factor are not be control by the company because the government can be handle the whole business process in which the internal factor are handle by organization because the company policy are managed by management that will handle the business activity in proper manner.
P.1 Various Type Organization Voluntary : It is used for society that provides services for people welfare. They provide the best services for those people who have insufficient money so that they are providing the services and helping to poor people. For Example- NGO's and DCA are organizations that are located inUnitedkingdomandtheyaredoingjobinvoluntary organization.
Continue.... This organization is very small-scale firm and it cannot be required a large funding and land areas. This is not a part of particular company in which they have own organization that would not to be part of government. Objective : The main objective of voluntary organization to provide the services and giving benefits for the people welfare. They are earning a profit for the human being because they focus on their profit to development of human being.
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Continue... Public:Thisorganizationisfoundedbyparticular person and who are owned company but the funding is provided by government. TherearemanyorganizationsinUnitedKingdomwho founded by particular one person. Forexample-NHSinUnitedKingdom.This organizationisusefulforexchangingtheirprofit values in market. They areonly focus on their product quality.This is a public organization so that everyone has to know about their product and firm in market.
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Continue... Private :The private organization is established by one or more persons. The main objective to increasing their profit and earning a lot of money. They only focus on profit and maximizing their productivity in market. For Example- H&M is a private company and it is based on a retail business on supermarket. It is based on the target to earning a lot of profit and it can be enhancing their business quality for development. The private sector is considered as private because they are sharing their values in the form of lists. It can be increasing their selling prize in market. There always focus on profit and they are investigating a lot of money for business development. In this sector, they are focus on the human welfare and community. There are motived to establish an effective business so that they are increasing their product value in market.The vision of this company to expanding their business in all over the world and it is becoming a leading brand in the world.
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P2 Scope and size of organization Micro business :This business is very small and their activity is start with the initial point. There capital of business is very small and it generating a low revenue in market. Micro scale business hassmallstructuresothattheycaninvestlowamountfor process in which actual turnover is $2 million. Micro business is handled by one or more person and particular group that have controlbusinessinproperway.Noemployeeareworking togethervoluntary organization. The micro business has very low market share value. The profit rate of micro business is low and that can not be covered all market.
Continue.... Small business: Small business started from initial point and their size is small that would be control by the owner of organization that can be manage the whole business in very efficiently. Small businesses are generatingsmallrevenueinmarket.Smallbusinessgenerates$1 million to 30 million every year. In small business, there are 20 to 30 employees working together. They are doing job on a particular place in which all employees are working in very efficient way. The share value of medium business is moderate but not high. The small business has low profit share in market as compare to medium business.
Continue.... Medium business : This organization is medium scale when they have performing their task and function in medium level. The size of this firm is minimum and usually they invest small amount of money but generatingalargeamountrevenueinmarket.Mediumscale organization are creates $25 million to $300 million every year. In mediumbusiness,theyhaveapproximation130-200employees working together. They have specific time hour to do their work on under this time allotment. The share value of medium business is also moderate as compared to small business. The profit rate of medium scale business is average and they can earn more profit as compared to large business.
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Conclusion In this report, it concludes that the business process can be done by marketing strategies and it can be followed by environmental factor that affect the organization. It is highly impacted to business operations and their functionality. In this report, they will identify different type of organization on the basis of their structure and functions. As per discussion, the deeply study on Pestle analysis that has specific role on particular environment with the help of analysis it can be determine the actual strength and weakness of business.
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