Business Operations Report: Analysis of Business Strategies

This report provides a detailed overview of business operations, examining both public and private sectors. It explores the impact of the local and global economic environment on businesses, emphasizing the importance of customer service and retention strategies. The report delves into the benefits of customer profiling and how it aids in improving services. Key topics include the structure of businesses, the influence of governmental regulations, and strategies for business growth. References to academic sources are included, offering a comprehensive understanding of the subject. The report concludes with a summary of the key findings and recommendations for effective business management. This report is designed to give a comprehensive overview of business operations and management.

How Business Operate
(TASK 1 & 5)

TABLE OF CONTENT
 Introduction
 Different types of public and private sectors organization
 Structures within the business of Public and Private Companies
 Impact of local and global economic environment on selected business
 Impact of customer Service
 Benefits of customer profiling on business
 Conclusion
 References

INTRODUCTION
Business environment is a collection of factors which impacts on
operations, growth and sales performance either internally or externally.
From these elements, some are under control of management while others
are far behind. Therefore, in order to operate business in a perfect manner
management need to analyse these attributes in a proper manner.

Different types of public and private sectors organizations
There are many corporates at UK place whose
business criteria are classified them as
public or private one. Public sectors
organisations are controlled by regulatory
bodies and managed by inter-department
committee and concerned minister. These
companies are generally work for serving
welfare to citizens.

Structures within the business of Public and Private
Companies
Organisations of UK come under public and private sectors have many
difference in terms of structure and target based audience. Along with this,
business structure of private associations are divided on the basis of
ownership also.

Impact of local and global economic environment on
selected business
Governmental norms, rules and legislation
have great impact on almost all
organizations which lie under territorial
regions of a country. Therefore, it is
necessary for management of firms to
consider regulations before formulating
their strategies and designing organisational
structure.

Impact of customer Service
Every organisation whether public or private
focuses more on providing effective customer
services which helps in increasing growth of
business (Storey, 2016). For this process,
managers use different techniques and strategies to
gain attraction of people. In hospitality industries,
customers are lifeblood whose retention help in
achieving growth in a wide manner.

Benefits of customer retention
In order to gain high retention of customers, companies build various strategies in unique
way to provide effective services to them. In context with customer profiling, it is a
way of creating a portrait which help in making decision for improvement of services.

CONCLUSION
From the above report, it has been observed that carrying out business
operations in a required manner is not an easy task for a company.
Managers for this purpose requires to make proper plan and
strategy which helps in reducing the chance of errors.

REFERENCES
 Weiss, J. W., 2014. Business ethics: A stakeholder and issues
management approach. Berrett-Koehler Publishers.
 Bernstein, M. H., 2015. Regulating business by independent
commission. Princeton University Press.
 Mackey, J. and Sisodia, R., 2014. Conscious capitalism, with a
new preface by the authors: Liberating the heroic spirit of
business. Harvard Business Review Press.

Thank You!