Report on Business Types and External Impacts - BMP3002, Sem 1

This report provides an analysis of various company types in the UK, including micro, small, medium, and large businesses, detailing their characteristics and working procedures. It elaborates on different business structures, ranging from sole traders to partnerships and limited liability partnerships, highlighting their features and operational aspects. Furthermore, the report analyzes organizational structures, such as hierarchical, functional, and matrix structures, and their impact on business productivity. A PESTLE analysis is conducted to identify and explain the external factors influencing business performance, with a specific focus on GlaxoSmithKline Plc (GSK). The analysis covers political, economic, social, technological, legal, and environmental factors, providing insights into how these elements affect GSK's operations and strategic decision-making. This document is available on Desklib, a platform offering a variety of study tools and resources for students.

Business in Practise

TABLE OF CONTENTS
INTRODUCTION........................................................................................................... 3
MAIN BODY................................................................................................................. 3
Section 1....................................................................................................................... 3
Explain various types of companies and their working procedure...............................................3
Section 2....................................................................................................................... 4
Elaborate company from sole traders to partnership and Limited Liability Partnerships....................4
Section 3....................................................................................................................... 5
Analyse organizational structures and elaborate different organizational structure which affects
business productivity..................................................................................................... 5
With the help of PESTLE analysis elaborate external factors which affect performance of business.. . .6
CONCLUSION............................................................................................................... 7
REFERENCE................................................................................................................. 7

INTRODUCTION
Business helps how to frame all the implementation of goods and services to be produced
and provided for the customers in order to maintain the advancement and gaining for all the
technological areas. There has been made various changes and UK from South important
companies like small, medium, micro and large (Geller, 2018). As for all the companies it is
important to serve out and maintain resources for the structure methods and it mainly depends
upon the ownership like for cooperative, sole traders and partnerships. The organisation chosen
in this report is GlaxoSmithKline Plc GSK. This is mainly a pharmaceutical biotechnological
company which is being headquartered in London UK. It used to deal with all the important
healthcare products and vaccines with the nutritional areas of products that covered in
pharmaceutical products. This report will deal with organisational structure and all the important
macro environmental factors needed for the companies.
MAIN BODY
Section 1
Explain various types of companies and their working procedure.
UK provides all the important companies to maintain the improvised areas and
techniques for the people and also helps out to promote the living standard. They maintain the
innovative ideas and through which the employment is being implemented for all the companies.
There are so many companies in UK that helps out to promote the employment and also
implements out the segment for customers are working. All the companies in UK helps out to
implement and promote the societal growth and also the method through which they can cover
out the targeted customer segment. Some of which are mentioned as follows:
 Small business: It covers the employees who have been working are around 10 to 50 and
they create an annual turnover for £10 million. This mainly helps out to maintain a proper
generations of products and values through which they can frame of the work by single
owner or also can be led by one or two individuals. These business work in a smaller

sections of the society and also be managed by the partners or the employees of the
company ( Xiong and Chen, 2019).
 Micro business: All those business which helps out to promote the economic growth and
also in the welfare of the unprivileged sections of the society. These are mainly being
covered by the employees who are being less than 10 and the annual turnover that is
being made by such business practices are around £2 million. It helps out in growth and
development sections of the society with the society and social adjustment (Kumar, and
Kumar,2020).
 Medium business: This promotes out less than 250 workers been working in the business
practice and the average turnover will be gain for around £50 million or such businesses
practises are being maintained in order to promote the growth and also to uplift the
advancement in the business practice this business used to cover out the solution for the
market areas and also helps in the promoting employment sections by involving the
investors and also the suppliers that are being channeled in various frames.
 Large company: These are mainly the multinational companies which used to cover a
massive business sections where more than 250 workers are being employed and the
annual turnover they used to make is more than £50 million used to work with all the
trade relations and the global market segments by covering the international relation of
market. And also provides to promote the important areas of the sustainability and
maximum employability by reaching the customers demand.
Section 2
Elaborate company from sole traders to partnership and Limited Liability Partnerships.
 Partnership: These are mainly all such business practices which involves more than two
individuals who are being working together by sharing their common assets and liabilities
with the profit and losses in order to implement the seasons. These are mainly all the
adequate responsibilities and the transfer of interest that implement out the company is
working. All such business practises are being registered and the partners are being liable
for all the profit and losses that will be shared with them. If any of the partners leave the
company then it will dissolve the firm (Rodrigues, and et. al., 2018).

 Cooperative: It mainly considers minimum 10 members for being working in the
business sections and it helps out to promote all the organisations and segments for the
poor working areas it helps out to implement the equity shares in the limited manner and
also the capital that are being raised. Also development that are being considered in the
democratic sections and also in the funds that will be cultured for the different areas are
being maintained. This implicate out the nature through which they maintain the working
segments and the methods of organizational goals. It serves out that all the head of the
departments use to lay out the challenges and the outcomes (Sukoco, and et. al., 2020).
 Public limited liability business: All those companies which usually cover the liabilities
that are being shared within the ownership and also the performance is being laid in a
transparent manner by proper legislative and the records of maintaining the institution in
the financial sector. They mainly have minimum seven members that are being involved
in the business. It used to provide the fun that are being frame through the capital
resources and also cover the public sectors and the areas through which the public limited
companies are being framed. GSK is an example of plc (MMahmoud-Jouini., and et. al.,
2018.).
 Limited liability business: All this business practices which used to cover the hybrid
areas in which at least two members are being involved in running the business
successfully. It covers out the taxation that is being important for all the managerial
activities in the partnership and it also promotes out the smaller segments of business
practices which have the flexible working fragments of areas. It used to provide a goals
and also maintain the working environment in a limited areas and manners.
Section 3
Analyse organizational structures and elaborate different organizational structure which affects
business productivity.
Organisational structure is mainly the implementation of strategies through which a
proper methods and the company workings can be framed out. It provides out the method
through which companies used to build a proper areas of enterprise and also a systematic
approach in the working procedure is being framed. Some of the important areas of working are
as mentioned below:

 Hierarchical structure: This is mainly the structure which is a pyramid shape and also
provides the decision from the topmost level to the lower level as it implement out the
information and also circulate information from all the management commands and
areas. It governs out from CEO to all the employees who are being working in the
company. They provide important trainings, programs, and sessions through which they
used to maintain and motivate their employees towards a working and also what is the
goals and the targets. GSK plc is a well-known leading company follows the hierarchical
structures in order to motivate their employees in a timely manner.
 Functional structure: All such structure areas in which the topmost level of management
is being positioned through the employees and also the information is being regulated and
circulated by the higher level of authorities. It helps out to promote the nature and method
through which it helps out to enhance the structural activities in which they provides the
nature through which employees are reliable towards the working environment.
 Matrix structure: These are mainly the cross functional segments of areas in which the
team used to work and manage the proper relationship in the working areas and also
provide the adaptability of working sections. This maintains the nature and the working
thorough which all the elements are being covered and the working structure is being
implemented through the nature of working.
With the help of PESTLE analysis elaborate external factors which affect performance of
business.
PESTLE analysis provides out the macro environmental factors through which the
companies can identify the goals and targets as in context to GSK plc. It is being mentioned as
follows:
 Political: These are mainly all the important governmental policy that are being laid out
in order to maintain a stable environment conditions. GSK used to cover out all the
government regulations through which they try to maintain all the new initiatives
regarding the health factors which create a positive impact on their political factors and
environment (Jastrzębska,2019).
 Economic: This mainly covers off the foreign exchange rate, inflation, recession and
sales. GSK as in the time of COVID-19 has gained maximum turn over as people were

more focused about the healthcare opportunities end consumers also gained all such kind
of vaccines that are being imported without any trade restrictions by GSK in their
optimum selling price.
 Social: It mainly covers out all the important demographic changes that include graphical
location, gender, age, education and many more. The company is used to make the
products according to the changes strategically. GSK used to focus on all the consumer
healthcare programs and also create awareness and the medicine that are being required
in the today’s time for the customers in various market segments.
 Technological: It mainly concerned with all the digital and the innovative advancement
in the technology through which the mist medical research and development can be
enhanced as for GSK they try to use optimum methods through which they circulate the
medicine and all the platforms of commerce through which the research and development
can be enhanced in transferable manner (Sawano, and et. al., 2020).
 Legal: It is concerned with all the laws and the legislation that are being made by the
government. GSK try to serve worldwide and try to maintain all the health and safety
laws that are important for consumers health and try to create and work with safety
environment with patent law, IPR and all the important legal alternative are being taken
by them for generating their sales and revenues.
 Environmental: It is mainly all the sustainable changes in the development regarding to
the global issues led by the companies. GSK implements out all the healthcare facilities
through which they used to increase their revenues and also try to reduce the carbon
footprint and the pollution that can be raised through the business practises. They try to
maintain digitalisation in order to reduce the emissions and also to promote the positive
environmental impact on the society.
CONCLUSION
It is concluded from the above report that business is an important factor which helps out
to promote the growth in the strategical approach through which the generation of products and
revenues can be laid out. UK has various global market areas in segments that are considered of
various companies like small, micro in large. Organisational structure use to provide the
strategies that are being used by company in order to increase the growth and also to enhance

their structural values and methods. Furthermore it can also be concluded that PESTLE analysis
helps how to overcome the challenges and also to maintain the strategies in the external market
approach.
REFERENCE
Geller, P., 2018. “Hudson’s Bay Company Indians”: Images of Native People and the Red River
Pageant, 1920. In Dressing in Feathers (pp. 65-77). Routledge.
Jastrzębska, A., 2019. The analysis and evaluation of a marketing strategy based on a selected
production and trading company (Doctoral dissertation, KatedraSystemówZarządzania).
Kumar, S. and Kumar, A., 2020. Dynamical structures of solitons and some new types of exact
solutions for the (2+ 1)-dimensional DJKM equation using Lie symmetry analysis.
Modern Physics Letters B, p.2150015.
MMahmoud-Jouini and et. al., 2018. Key Factors in Building a Corporate Accelerator
Capability: Developing an effective corporate accelerator requires close attention to the
relationships between startups and the sponsoring company. Research-Technology
Management, 61(4), pp.26-34.
Rodrigues, and et.al., 2018. Third-party logistics continuous improvement through integrated
fleet management: the case of a transport company. International Journal of Logistics
Systems and Management, 31(1), pp.39-68.
Sawano, and et. al., 2020. Pharmaceutical company payments to Japanese government drug
regulation committee members. Clinical Pharmacology & Therapeutics, 108(5),
pp.1049-1054.
Sukoco, and et. al., 2020. Strategies to increase market share for histopathological equipment
products (brand sakura): case study in a sole agent company. Sinergi:
jurnalilmiahilmumanajemen, 10(2).
Xiong, J. and Chen, J., 2019. A generative adversarial network model for simulating various
types of human-induced loads. International Journal of Structural Stability and
Dynamics, 19(08), p.1950092.