Business Operations Report: Analysis of Business Structures and Impact

This report provides a comprehensive analysis of business operations, covering various aspects such as business structures (including partnerships, joint stock companies, and public corporations), the impact of local, national, and global economic environments on businesses, and the importance of customer service and customer profiling. The report explores the advantages of customer profiling, emphasizing its role in improving communication, identifying opportunities, understanding customer needs, and increasing profitability. It also discusses the benefits of effective customer service, including building customer loyalty, preventing negative reviews, and driving non-sales related customer interactions. The report is a valuable resource for understanding the dynamics of business operations and the factors that influence success in the UK market.

How Business Operates
Task 1

There are different types of organization which are under public and private sector in
UK country. These are
Private
 Partnership – In the partnership, two or more than two individuals or company
comes together to make a product which will satisfy the unmet needs of customers.
 Joint stock company - risk is more involved in this. Capital is raised by selling of
shares of diverse range. Shares are purchased by those persons are called
shareholders. The body who is managing this type of company is called Board of
Directors.
Various types of organization

Public
 Government companies- In this, half or more than percent of
shares is owned by the government and other remaining is
owned by different individuals.
 Public corporations- these type of organization is fully
controlled by the government. firm are made because of
special act of parliament.
CONTD..

There are various types of business structures prevailing in the
organization These are :
 General partnership - this type of the structures have two or more
then two persons engaged. Every partner has decided all the ratios
of the capital as well as profits prevailing in the organization
 Non profit organization- This types of organization aim is
betterment of society so that every individuals would live a healthy
life.
Various types of structures within the
business

 Business has more impact of local, national and global level. Business
which are prevailing in the local level - it has effect the business because at
the time of recession people are more concious about the money and it will
affect to the earning of the business. Most of the people lose job at this
point of time.
 At national level - at national level also business is adversely affected. At
national level competition level also increases. Due to this only there are
chances of occurring loss in the business. Financial position of the
business will affect very much. After facing loss company can remove
employees to reduce cost. This will increase unemployment.
 At global level - in the country like UK business which are small will
adversely affect the competition. But people are more affected by the
increase in competition of company as well as products. Now the
competitors are from diverse countries and it will affect the entire business.
Impact of the local, global and national economic environment on the
business

TASK 5

IMPACT OF CUSTOMER SERVICE
 Build loyal customers
 Non sales in the form of
customers
 Prevention of Negative
Reviews

BENEFITS OF CUSTOMER
PROFILING
 Better Communication
 More Opportunities to company
 Better understanding of needs of customer.
 Profitablity will increase.

REFERENCES
Priest, S. and Gass, M., 2017. Effective Leadership in Adventure Programming,
3E. Human Kinetics.
Storey, J., 2014. New Perspectives on Human Resource Management
(Routledge Revivals). Routledge.

THANK YOU