HND Business Unit 1: Analysis of Business and the Environment Report

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Added on  2023/03/24

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This report examines the purpose, size, and scope of different types of organizations, including public, private, and voluntary sectors. It details how these sectors operate, their objectives, and their roles in the business environment. The report further analyzes organizational functions, such as finance, human resources, and marketing, and explains how these functions contribute to achieving organizational targets. It emphasizes the interconnectedness of these functions and their importance in both private and public sector organizations. The conclusion highlights the importance of profit-making for private organizations and the interrelation of different functions within an organization to achieve its goals. The report is supported by references to academic literature on business ethics and marketing.
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Business and business
environment
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Introduction
Present study will discuss purpose of different organizations.
Size, scope of different firms will be described.
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P1 different types of organization
There are different types of organization is present. These organization are
divided into three sectors public, private, or voluntary organization.
These all sectors are worked differently. public sector is controlled under
the government.
The main objective of government is to provide support to public people
pay taxes this tax government use in public sector.
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Purpose
Public organization: Purpose: the main purpose of
public sector is to protect the interest of public and
increase the standard of living.
Private: : the main focus of private companies is to
get maximum profit and sustain in the market as
long.
Voluntarily organization: the main purpose is to
protect disabled person.
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P2. Size and scope of different types of organization.
All types of organization want to create their own brand image in front of
the customer.
Every organizations have their own product and services policies and
different strategies to attract the customer.
Private public and voluntarily sector is the different sector from each other.
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Cont.....
Furthermore, the public companies are the public servants they serve their
services to the customers at low cost while private companies are more
likely to earn profit and increase the sales.
Public companies provide low cost help to arrange the funds for the
customers and develop the standard of living. Some public companies’ tie-
up with private companies to improvise their services for the customers.
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P3 role organization functions helps to achieve the
target
Organization functions are the key roles to
achieve the target.
They help to implement the plan in correct
formation each department of the organization
have their own roles and duties.
There are many organizational functions which
helps to increase the productivity to achieve the
goal.
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Cont.........
Financial functions: Finance department is the most important department in the organization
to generate the fund this function of organization helps to create funds for operational
activities public organization create their financial resources through issue public shares and
stocks. and private organization create their capitals from investors
Human resource functions: human resource is the function who create talented team
members for the smooth working.
Marketing: marketing is the core function in the organization. Marketing means to promote
the product by which company generate income.
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Cont......
From the above explanation all the functions of the organization are same
in all the organization weather it is private sector or public sector.
All types of function are connected to achieve the objective. To achieve the
target every organization wants good amount of capital talented staff to
manage and good marketing strategies to increase the brand image.
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Conclusion
It can be concluded that private organizations work for profit earning that
helps in their growth.
All firms have different functions and they are interrelated with its goal.
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References
Crane, A. and Matten, D., 2016. Business ethics: Managing corporate
citizenship and sustainability in the age of globalization. Oxford University
Press.
Charter, M., 2017. Greener marketing: A responsible approach to business.
Routledge.
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