Business Environment Report: Examining Public, Private & Voluntary

This report provides an overview of the public, private, and voluntary sectors within the business environment, highlighting their characteristics and providing examples such as the British Business Bank (public), INEOS (private), and the British Heart Foundation (voluntary). Public organizations are owned and controlled by the state, funded by taxes, and operate legally to develop the nation and increase employment. Private organizations are independently operated with restricted shareholding and require shareholder approval for share sales. Voluntary organizations are initiated and managed by members for societal welfare. The report concludes that all three sectors play a crucial role in improving a country's economic condition.

Business environment

Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Business may be defined as an entity or an organisation which is engaged in any
commercial, professional or industrial activity. The main motive of the business organisation is
to provide the best quality product in the market and earned large amount of profit. The
following report is going to discussed about the brief overview of the private, public and
voluntary with its characteristics and appropriate example.
TASK
Public organisation
These organisations which is owned and controlled by the state and public authorities in which
commercial and economic activities are carried out is known as public organisation. This type of
enterprise is placed by the public authorities due to some social reasons. This form of business
organisation has government interference (Canel and Luoma-aho, 2018). This enterprise works
in developing the nation and decreasing the dependency on the other nations. This also leads in
increasing employment opportunities in the country.
The characteristics of the public enterprise are as follow:
 This enterprise is owned by government or public authorities.
 Public enterprise generates the finance in form of taxes.
 It has to work in a legal form.
For example: British business Bank is owned and controlled by the UK government is one of the
public enterprise.
Private organization: -
Private organization is a business in which they include the partnership, person, corporation and
agency which doesn't operate by the public bodies. A non-federal body which is self-sufficient &
formed by individuals who are not playing in the content of the government can be referred to as
a private organization (Pedraza Melo, 2020). Instead of being owned or controlled by the
government or an official organization, private industries and services are owned or controlled
by individuals or businesses.
Characteristics of private organization
 The private companies are operated by an individual which possess a separate legal entity
 In this the number of shares are restricted to 50

 Also, the shareholders are not liable to sell the shares without being approved by the
shareholders.
Example of a private organization is INEOS. It is private company which deals in chemicals.
And it is one of the largest chemical company in United Kingdom.
Voluntary organization: -
A voluntary organisation, moreover sometimes called as voluntary union or group,
association, common interest association, or society (Gorman, 2019). This organisation is formed
when a group of people enters into an agreement, generally known as volunteers in order to form
an organisation or body, so, that they can achieve their goals assisting their similar interest.
For example, British heart foundation is the well-known voluntary firm of UK
Characteristics of voluntary organisation: -
 These organisations initiated as well as managed by its own members without any outside
control.
 These organisations are developed for the welfare of the society.
CONCLUSION
From the above report it has been concluded that there are different types of business
organisation present in the market. All these organisation plays a very crucial role in improving
the economic condition of the country. This report concludes the concept of public, private and
voluntary sector with its characteristics.

REFERENCES
Books and Journals
Canel, M.J. and Luoma-aho, V., 2018. Public sector communication: Closing gaps between
citizens and public organizations. John Wiley & Sons.
Pedraza Melo, N.A., 2020. Organizational climate and job satisfaction of human capital:
Differentiated factors in public and private organizations. Innovar, 30(76), pp.9-23.
Gorman, R.F., 2019. Private voluntary organizations as agents of development. Routledge.