This report provides a comprehensive overview of business practices, encompassing different types of companies such as micro, small, medium, and large businesses, along with sole trader, partnership, limited liability, public limited, and cooperative businesses. It delves into organizational structures, explaining how they influence business productivity, and identifies the functional and divisional structures, detailing their advantages and disadvantages. Furthermore, the report explores the PESTLE analysis, a crucial tool for evaluating how political, economic, social, technological, legal, and environmental factors impact business performance. The analysis highlights the importance of understanding external factors and their effects on business operations and strategic decision-making. Overall, the report offers valuable insights into the complexities of the business environment and the critical elements for business success.
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