Report on Business Operations: UK Sectors, Structures and Impacts

This report provides a comprehensive overview of how businesses operate in the UK, focusing on the key features of the business environment. It begins by differentiating between public and private sector organizations, providing examples of each. The report then delves into the various business structures prevalent in the UK, including sole proprietorships, partnerships, limited liability partnerships, and limited companies. Furthermore, it examines the types of impacts on the business environment, using Tesco plc as a case study to illustrate how local, national, and global economic factors influence business operations. The report concludes that understanding these key business features and operational functions is crucial for comprehending how businesses function worldwide. Desklib offers a platform for students to access similar solved assignments and past papers for academic assistance.

HOW BUSINESS
OPERATES

INTRODUCTION
 There are a lot of elements that shape how a business operates. The
key features of a business environment include:
 Types of Public and Private organizations
 Business Structures
 Types of Impacts on Business Environment

TYPES OF PUBLIC ORGANIZATIONS
 There are numerous kinds of organizations
categorized in public and private sectors. The
public sector enterprises are as follows:
 These are also known as public enterprises
 Business units are public or government owned
 Also called industrial or commercial undertaking
 Examples: Departmental holdings,
Public/Statutory corporation, and Government
companies

TYPES OF PRIVATE ORGANIZATIONS
 The private sector organizations are based on profit enlargement and are owned
privately by individuals.
 Profit maximization is the objective
 Management includes senior professionals
 Capital consists of private money, loans, etc.
 Examples: private limited company (Ltd.), sole proprietorship, partnerships, etc.

BUSINESS STRUCTURES
 A business structure means a company's legal framework that affects the routine
operations of a firm. There are 4 types of business structures in UK namely:
 Sole trader
 Partnership
 Limited liability partnership (LLP)
 Limited company

TYPES OF IMPACTS ON BUSINESS
ENVIRONMENT
 Business environment entails all those
factors that contribute towards the
smooth functioning of organizational
functions. For instance the Tesco
organization gets impacted by:
 Local economic environment – local
communities it serves
 National economic environment –
micro and macro factors
 Global economic environment – global
market players

CONCLUSION
 From this presentation report it can be fairly concluded that the core concept of key
business features is mainly constituted of certain integral operational functions that
determines how businesses all over the world are carried out.
 The above report has comprehensively described different types of organizations
from the UK public and private sectors and have detailed them out with relevant
examples.
 It has also explained various existing business structures in the context of UK
nation that comprise its operational frameworks.
 Finally the report has identified a specific business 'Tesco plc' of the UK retail
sector and has analysed how its business is impacted from the local, national, and
global economic environments.

REFERENCES
Books and Journals
 Brunet-Thornton, R. and Martinez, F. Eds., 2018. Analyzing the impacts of industry
4.0 in modern business environments. IGI global.
 Buchheim, L., Krieger, A. and Arndt, S., 2020. Innovation types in public sector
organizations: a systematic review of the literature. Management Review Quarterly.
70(4). pp.509-533.
 Chicherova, E.Y., and et.al., 2021. MARKETING LOGISTICS AS A FACTOR OF
STRATEGIC DEVELOPMENT OF BUSINESS STRUCTURES. Academy of
Strategic Management Journal. 20(4). pp.1-10.
 Jain, M. and Dhir, S., 2022. Antecedents of organization ambidexterity: A
comparative study of public and private sector organizations. Technology in Society.
p.102046.