Business Operations Assignment: Structure, Impact, Benefits

This assignment provides an overview of business operations, examining various organizational structures such as solo traders, partnerships, and public/private sectors. It delves into the impact of economic factors at local, global, and national levels on businesses, emphasizing the significance of customer services and their influence on sales and profitability. The assignment also highlights the benefits of customer profiling, including improved communication, targeted marketing, and increased customer engagement. The content includes references to academic sources, supporting the analysis of business operations and strategies.

How To Business Operate
Task 1 & Task 5

1.1 Types of organization
In the UK, there are many organization such as public and private sector. In private sectors organization
including partnership, solo traders etc. In the public sectors including health care, education etc.
Private Sector:
 It includes various types of structure like solo traders, partnership and joint ventures.
 In the partnership companies, two or more peoples working in the companies, sharing the profits equally as
well as taking the risk. Every partner has different responsibilities in the business but has the same goal
which is becoming the market leader.
 In the private sector including large multinational, trade association and trade union. For example John
Lewis partnership, Acromas Holdings, etc. in the UK.
 In the solo traders, an individual's is running the business, taking the risk, bearing the losses and taking all
the responsibilities and duties.

1.2 Different structures with in the businesses
The structures of the businesses including benefits and disadvantages for proving that work of the
business. For examples partnership, corporations, solo proprietors and holding companies.
Solo Proprietors:
 It is the business structure, an individual's is running the business, taking all the risk
individually, gaining all the profits, taking all responsibilities and duties of the business.
 It is called solo proprietors because it is handled by a single person and every decision would
be taken by them.

1.3 Impacts on the local, global, national and economic
environment on businesses
On the business, there are factors which are affecting such as local, global, national and economic.
Economic Growth and Development:
 The local, global, national and economic factors affecting of the businesses.
 In the UK, these factor affecting the economic growth and development of the business.
 Company should regularly scan their environment with the help of different techniques and
tools that is pestle or swot.
 Because in UK, the company is generating the revenues and earning the profits, so that they
are contributing on the economy for the growth and development.

Impact of customers services
On the business, customers services are affecting on it. Such as customer loyalty, sales , profits
etc.
Sales:
 The impact of the customers services on the sales.
 Sales and profitability will automatically increase if company is providing products according
to their needs. As company prefers to buy those products which is good in quality and
quantity.
 It is to helping for increasing the sales. Therefore the company is satisfied with customers
needs and wants.

5.2 Benefits of customer profiling
 The benefits of customers profiling is to better communication, reducing the
competitions, increasing profits, improving the target marketing and other benefits.
 It will help to collect unmet requirements of customers which will increase the
customer engagement experience to a greater level.
 For maintaining the strong relationship with the customers is to beneficial for the
business.
 For increasing the profits, spending the low time and money for developing the
relationship.

REFERENCES
De Vries, H., Bekkers, V. and Tummers, L., 2016. Innovation in the public sector: A systematic
review and future research agenda. Public administration. 94(1). pp.146-166.
Dyhdalewicz, A. and Widelska, U., 2017. Accouting and marketing dimensions of innovations.
E-Finanse. 13(2). pp.1-13.
Gonçalves, R. and Lopes, P., 2015. Accouting in Agriculture: Disclosure practices of listed firms.
Contabilidade & Gestão: Portuguese Journal of Accounting and Management, (16). pp.9-44.

THANK YOU