Business Environment: Types of Organizations and Their Scope

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Added on  2023/02/10

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This report examines the business environment, focusing on the types, scope, and purposes of organizations. It categorizes organizations into private, public, and voluntary sectors, detailing their operational characteristics and objectives. The private sector, driven by profit, is contrasted with the public sector, which provides services for societal well-being. The voluntary sector, encompassing communal bodies and charities, is also discussed. The report analyzes the scope of these organizations, highlighting differences in size and function. The conclusion summarizes the key aspects of each sector, emphasizing their distinct roles and contributions to the broader business environment. References to relevant literature are also included.
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Business and
Business
Environment
(Task 1)
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Table Of Content
• Introduction
• Various types and purposes of organisations
• Size and scope of a range of different types of
organisations
• Conclusion
• References
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Introduction
Business environment can be termed as the sum of entire
internal and external determinants which influence a
business activities. It is fundamental to understand and
internal and external components which can impact over
the practices of business. Safety and health regulation is
an extrinsic factor which can affect the operations of
business.
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Various types and purposes of
organisations
Each type of business organisation is classified into major three
categories i.e. private, public and voluntary i.e. distinct from
each other on the grounds of organisation functioning. Entire
activities are coordinated, controlled and owned by numerous
authorities in order to attain their determined targets and goals
in more suitable manner.
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Private Sector
As per this, group and individual carry out the
business and other venture i.e. owned or
controlled by them only. There are usually less
interface of state bodies along with legal
authorities but grand the agreement to individual
for starting a new business and venture. They
often aim over earning return and monetary in
order to invest limited amount of funds.
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Public Sector
Such enterprises are controlled and owned by state
authorities and legislative bodies which are liable for
operating business in the suitable manner. They are
function numerous organisation on the behalf of
community which is purposed for their well-fare and well
being.
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Voluntary Sector
Such types of companies
consist of numerous
organisations such as
communal bodies,
charity, trust etc. They
are also referred as non-
governmental
organisations or non-
profit companies.
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Size and scope of a range of different types
of organisations
It can be determined as there are numerous organisations
types which differ on the grounds with contrary nature
which also are different from each other on the grounds of
sizes and scope on the basis of voluntary, public and private
accounts.
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Public Sector: It can be defined as one of business organisation which are
formed for delivering services in relations to economies to improve each and every
individual. Therefore, this can be claimed that companies refer to those corporate
association that are associated with certain legislative rights and identities.
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Private Sector: Each private company
often are associated with numerous industries
such as consumer for satiating their wants and
requirement in suitable manner. On the other
hand, private segment have numerous legal
criteria and structure which organisation
require at least proper determination and
shareholder in order to manage activities and
operations of organisations in more significant
manner.
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Voluntary Sector : In these types of organisation, there is
broad structure so their scope and size also has huge range
in society as per the selected organisation delivering social
services to individual without expecting benefits.
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Conclusion
This can be affirm from the described research report that
each type of business organisation is classified into major
three categories i.e. private, public and voluntary i.e.
distinct from each other on the grounds of organisation
functioning.
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