Analyzing Company Structures and External Factors in Business Mgmt

This report provides an overview of different types of companies, ranging from micro-businesses to large corporations, and examines their characteristics and operational functions. It explores various business structures such as sole proprietorships, partnerships, limited liability companies, public limited liability companies, and cooperatives, detailing their unique features and advantages. The report also discusses the impact of external factors on business performance through a PESTLE analysis, highlighting how political, economic, social, technological, legal, and environmental factors influence organizational strategies and productivity. The document is available on Desklib, a platform offering a wide range of study tools and solved assignments for students.

Business Management with Foundation
Business in Practice
Assessment 1
Types of Companies
Submitted by:
Name:
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Contents
Introduction 2
Section 1: Different types of companies and how they work
P
Section 2: Different companies from sole traders to cooperatives
and Limited Liability Partnerships p
Section 3: Different businesses structures and internal factors
affecting business p
Conclusion p
Reference List p
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Introduction
Management deals with various sections in the business to get effective and efficient
results. The suitable course of section of managerial structure will plays an essential role in
the manner of business. It is termed as social group of management that will set the manner to
manage the organizational course of task that are to be followed as suitably. It will include
various actions that have basic set of the management with course of perceptual sections with
set of opportunities (Aktepe, Yanık, and Ersöz, 2021). The following report will deals in
respective manner of business and their role and basic motive and the manner that how they
perform their work. It will include various form like sole traders, cooperative, partnership and
limited liability partnership. It will also consider the structure of management and their
components that will have an impact on organization in evaluating the diverse section of
business structure and PESTEL analysis.
Section 1: Different types of companies and how they work
As there are different sort of management that will consider the global manner of
management to performs operations and functions that will relates to the core values of
business. It will relates to the several sections in terms of related role of opportunities. As the
growth and advancement in the management will accomplished by effective and efficient
way that are as follows -
Micro business: It will basically involves 5 to 10 workers or less that it in the structure
of business. Micro business will have a balance sheet or turnover less than a specific term of
the value. The business of micro sector will have adequately $2,00,000 in annual sales. It will
require less than $50,000 to start in the field of area. For example, art and craft sector, trading
and many more.
Characteristic of a micro business Negotiable to change - A micro business organization have basic sort of structure to
understand how to maintain their business accordingly (Farkas, 2021). As per to the
functional value in an organization for evaluating the field of market. Business and ability specialization - It will demonstrates a manner that are to be
specify in the manner of authorization as according to the attribute and skills that will
maximize the section in the management. Low overhead expenditure - The executives in the micro business will have low
monetary cost and will also have low income to pay the operational value.
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 Independence for the non- committed - The workers in business who are able to
select their targets and activities as per to their orientation and worth.
Small business: It is generally a common section by which self owned firm of
managerial partnership will maintain their dealings with low term of cost of workers in an
organization (Fauziah, and Rafiqoh, 2021). The business of small sector will allows suitable
term of authorities to manage the business structure. The management will follow suitable
orientation of term in management.
Characteristic of a Small business Self employment - It will concentrates on the self employment that are in relation with
the management and will developed by the cost of specific targets to implement the
organizational structure. Objective oriented - It will concentrates on the approaches and strategies with suitable
amount by which business will capable to accomplish their goals and objectives as
effectively.
 Fund allocating - By developing monetary investment in organization to identify the
course of actions and functions that are connected with finance and fundamental
manner to understand how it will implement in the section. It will termed as capability
by which the structure and asset of business will get maintained for suitable
adjustment and the role of goals in business.
Medium size business:
It will include several terms of management that will focuses on the managing the
task and activities at medium level of business (Khalil, and Hamid, 2021). It will have an
effective set of section that will accomplished through the manner that will theorize the broad
term. It will employ up to 200 individuals with maximum turnover of 5 million as effectively
and efficiently.
Characteristic of a Medium size business Customer dealing - It will improve the manner to evaluate the customers who have
negative aspects and will try their effective strategies to overcome the issues and
complications. By such orientation it will be effective for the management to maintain
the key approach of medium size business advancement and betterment.
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 Act quiet under pressure level – It will refers to the way in which workers in the
business will get affect and will feel discarded in an essential manner for them to
bring down the emphasis in organizational structure way.
 Rapidly adopt variations – It will basically relates the manner to maintain the
managerial actions as according to the management approaches that will classify to
identify the suitable ways of opportunities.
Large size business: A large size of management will ascertain the favorable
situation for individuals, who employ 5000 to 8000 employees and their yearly turnover ratio
is more than 3 billion (Mikkonen, 2021). Large size of management will efficiently created
actions to provide sort of services to their consumers.
Characteristic of a Large size business
As the outlook of large size of management in maintaining the social control of
organization with constant flow of market sections of qualitative set of actions.
Section 2: Different companies from sole traders to
cooperatives and Limited Liability Partnerships
Sole trader business: It will involve the manner of sole trader of business that is
particularly not high priced. As in context to it, several accountable dealings and obligations
of duty are maintained by the organization in a broad way.
Characteristic of Sole trader business Ownership by an individual – As it is owned by an individual who will contribute
their manner of assets and liabilities. The owner will also termed as managing
executives that involves suitable situation. Freedom of work and quick decision - As an individual is the owner of organization
who will are free to perform their functions and operations on their manner of
decision-making. Enjoying entire profit - The profitability and effectiveness in an organization that
termed to the aspect of management and their benefits as per to the implementation of
business (Mora, Munshi, and Muhammad, 2021).
 No separate entity – As there is no separate legal entity in sole trader management.
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Partnership: A partnership is termed as a planning that deals among two or more parties
to maintain the managerial functions and operations and their earning and status. As in
respect to the business, both individuals will share their profit and advantages in terms to get
effective term of profitability and productivity.
Characteristic of Partnership Limited life – It will have constricted life of statements that need in the organization
of management to maintain it and operate it for implementation (Rahmani, and et,al.,
2021). It may have continuous manner of sections that involves limited procedures in
a deed of partnership. Mutual agency – When individuals are in partnership they will allow to pass the
declaration and cash statement in a serial way for the purpose of dealings.
 Unlimited liabilities – Partners who might use such assets as according to the social
control of management. If one individual who might not utilize the manner as
according to the role of their title to maintain the course of activities as it need the
cost of value.
Limited liability business:
Limited liabilities of business is a separated and distinct term of legal entity. It will
present the taxable income in the bank account. It will not refers to the role of management in
rule of sort of organization that offers the modest section of liabilities and assets to their
owners (Rukayat, Derevianko, and Karintseva, 2021). It will refers to the adaptability that
offers the wide term of managerial owner in the field of partnership.
It is termed as the adaptability that provides the terms to business proprietor in segment of the
partnership.
Characteristic of Limited Liability Business Separate legal entity - As there is an abstracted legal identity of limited liabilities of
organization by which the owner will deals with their featured assets in terms of the
liability of management. Limited liabilities – As according to limited liabilities, it will satisfy the social unit
and power of actions to improve the field of area to control the orientation.
 Flexibility in taxation – It will improve their subordinates with suitable manner of tax
liabilities in the manner of tax. The management will involve their key section to
choose the way of the structure that requires.
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Public limited liability business: It basically advance the exclusive role of
organization that relates to the voluntary organization of staff faculty that are maintained and
have separate legal entity in sensitized manner. The public limited companies will
concentrates on the stock exchange through which it might be recorded as effectively.
Characteristic of Public limited liability business
 Separate legal entity – The public limited liabilities of business will have legal term
of entity with separate entity of each investor in a departmental staff section.
Cooperative: A cooperative is a self- dependent management that are voluntarily section
to satisfy the common goals with higher set of profitability, ethics and social demands that
will put together to maintained it (Shah, Sarfraz, and Ivascu, 2021).
Characteristic of Cooperative
 Voluntary membership - It is an initial sort of principles of co- operation that have
common engagement in the manner of the social group that will put together and
equipped to continue the field of the combined social unit.
Section 3: Different business structures and external
factors affecting business
3.1 Identification of different organizational structures and
explaining how does organizational structure affect business
productivity
The business of management and its structure that are managed in various sections in
order to accomplish the field of goals as effectively in business. It will also ascertain that how
the sections and flows of managerial section that with several sections from higher field to
lower field in the business of management. It basically arranged by the social control or any
respective sections to advance the profitability and productivity of the business of
management.
Various external factors that are affecting business Rate of inflation - The field of inflation that states the management and will have an
impact on it. It will directly affect the economical growth that involves the higher
term of engagement sections in the business of management. Central rate influencing economic activities in a country – Organization might
understand the section of field to evaluate the impulsive variations that are broad and
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will demonstrate an effective dealings of sense of knowledge and skills that will
varies constantly. Demographic factors – It will involve the section of individual, age distribution,
spiritual arrangement, accomplishment section, divisional migration and many more,
who will include the organizational courses and activities.
 Legal factors – The legal course of framework will maintain the manner of wage
fixation, organizational remuneration, safety and health at workplace and many more.
As it is basically arranged as according to the field that will fix the manner of
administration.
3.2 How different external factors affect the performance of a
business – PESTLE Analysis
As by getting positive and negative aspects that will have an impact on the
organization and the key value of management that are effective to formulate several
approaches and policies to manage the task (Suhada, Al Nasir, and Putra, 2021). It will also
evaluate the manner by considering internal and as well as external sections that will have
direct impact on the organization. Political factor - It includes the factors that are required to be utilize to configure the
manner of orientation as according to the effectiveness of organization. Economic factor - It identify the economic implementation that will consider the
economic growth, taxation rate, inflation rates, interest rate and many more that will
have an impact on purchasing power of consumers. Social factors - It includes tendency of accumulation such as advancement section,
age of statistical arrangement that have societal obstacles in the management. Technological factors – In this factor it will include the purpose to create
organization as highly reasonable in the factor of activity and profitable ratio in the
field of organization. Environmental factor – It will include the environmental and geographical factors
that will have an impact on the organization to create an impact on the other field of
business.
 Legal factor - If the organization of business will deals trades at worldwide then it
will maintain the dealings as more particularly to fix their perspective and situations.
Conclusion
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From the above mentioned report it has been concluded that, business of management
deals with their effective sort of strategies and approaches to overcome the issues and
complications among managerial functions and operations. It consider micro business, small
business, medium size business, large size business to involve the social control section that
will have basic set of values where it might also determined the external factors who will
have an impact in the management.
Reference List
Aktepe, A., Yanık, E. and Ersöz, S., 2021. Demand forecasting application with regression
and artificial intelligence methods in a construction machinery company. Journal of
Intelligent Manufacturing, pp.1-18.
Farkas, Z., 2021. Concept and types of order position: Privilege and discrimination in an
institutional conception. Journal for the Theory of Social Behaviour.
Fauziah, F. and Rafiqoh, R., 2021. Effect of Profitability, Company Size, Capital Structure,
and Liquidity Risk on Firm Value of Indonesian Banks. Organum: Jurnal Saintifik
Manajemen dan Akuntansi. 4(1). pp.14-27.
Khalil, A.A.A. and Hamid, S.A., 2021. The Role of Continuous Improvement Strategy
(Kaizen) in Information Technology-Analytical Research at the State Company for
Electrical and Electronic Industries. Psychology and Education Journal. 58(4).
pp.1492-1508.
Mikkonen, M., 2021. Designing a standardized and scalable partner on-boarding process for
Channel Sales function in a global software company.
Mora, J.D., 2021 Does consumption make company better? An activity and companionship
model of experienced utility. International Journal of Consumer Studies.
Munshi, A. and Muhammad, F.A.R., 2021. ANALYSIS OF THE RELATIONSHIP
BETWEEN COMPANY PROVIDED TRAINING OPPORTUNITIES AND
EMPLOYEE PERFORMANCES. PalArch's Journal of Archaeology of
Egypt/Egyptology. 18(14). pp.656-664.
Rahmani, S., and et,al., 2021. The role of company reputation in mitigating negative word of
mouth. Business: Theory and Practice. 22(1). pp.109-120.
Rukayat, H., Derevianko, Y.M. and Karintseva, O.I., 2021 Management of Business
Promotion for Small Company.
Shah, S.G.M., Sarfraz, M. and Ivascu, L., 2021. Assessing the interrelationship corporate
environmental responsibility, innovative strategies, cognitive and hierarchical CEO:
A stakeholder theory perspective. Corporate Social Responsibility and
Environmental Management. 28(1). pp.457-473.
Suhada, H., Al Nasir, A.L. and Putra, A.D., 2021. Utilization of review form process or form
360 review employee performance in company using Configure Change
Engine. IAIC Transactions on Sustainable Digital Innovation (ITSDI) The 2nd
Edition Vol. 1 No. 2 April 2020, p.178.
(Aktepe, Yanık, and Ersöz, 2021)(Farkas, 2021)(Fauziah, and Rafiqoh, 2021)(Khalil, and
Hamid, 2021)(Mikkonen, 2021)(Mora, Munshi, and Muhammad, 2021)(Rahmani,
and et,al., 2021)(Rukayat, Derevianko, and Karintseva, 2021)(Shah, Sarfraz, and
Ivascu, 2021)(Suhada, Al Nasir, and Putra, 2021)
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