Analyzing Business Environment: Public, Private, and Voluntary Sectors

This essay provides a comparative analysis of the public, private, and voluntary sectors within the business environment. It discusses the fundamental characteristics, objectives, and stakeholder relationships unique to each sector. The public sector is defined by its government-led initiatives aimed at providing services to citizens, while the private sector focuses on profit maximization and market share. Voluntary organizations, including NGOs, are characterized by their selfless services and non-profit orientation. The essay also touches upon the growth of the international business environment and the impact of factors like inflation and technological advancements on these sectors. Desklib offers a variety of resources, including past papers and solved assignments, to aid students in understanding these complex business dynamics.

Business and Business
Environment
Task 1

Introduction
Organisations are functional groups that work together to achieve their
set goals and targets. These include micro, small, medium and large
enterprises and some groups that work for the welfare of the
community without any profit intentions.

Types of organisations
Basically, there are three major categories for organisations :
 Public Sector
 Private Sector
 Voluntary or non profit organisations

Growth of international business
environment
 Over the few decades international business environment has seen
immense progress irrespective of the political boundaries they fall in.
 Inflation had caused certain degradation in income generation and the
progress graphs of private sector but on the other hand development
in technology and initialisation of digital marketing tools led the
companies to survive in the monstrous sea of recession.

Public Sector
Public sector is a government undertaking and runs for the people and by the
people. Revenue generated by citizens is used as funding for the public sector
organisations.
 Vision : Working for providing efficient services to the people with strategic
use of resources.
 UK's public sector is very large. A quarter of all the jobs is acquired by the
public sector.
 These have complex stakeholder relationships. Generally citizens are the major
stakeholders of the public sector organisations.

Continued...
Public sectors are the producers, buyers and providers of services and
products.

Private Sector
The organisations that work solely for their own profits and are not under
government control are recognised as private sector.
 Main objective of the private sector is to earn profit with maximum
market share.
 Private sector employs its own work force.
 This sector is abide by laws defined by the government. Any violation
can cause trouble in the functioning of this sector.

Continued...
The internal stake holders in Private sector are as follows:
 Employees
 Share holders
 Owners
The external stake holders are :
 Customers and consumers
 Suppliers
 Community and environment
 Government and regulators
 Non governmental organisations.

Voluntary organisations
The organisations that are self motivated and not established by governme3nt
or private owners are called voluntary organisations.
 NGOs and quasi NGOs are voluntary groups.
 Their vision and mission are based on giving selfless services to the
people without earning profits.
 Some charities and co-operatives fall under this category.
 Can be funded by government or private individuals.

Comparison of the three types

References
Books and Journals
Botha, A., Kourie, D. and Snyman, R., 2014. Coping with continuous change
in the business environment: knowledge management and knowledge
management technology. Elsevier.
Carroll, A.B. and Buchholtz, A.K., 2014. Business and society: Ethics,
sustainability, and stakeholder management. Nelson Education.
Online
Our Mission & Beliefs. 2016. [Online]. Available Through:
<http://www.mercyworldwide.org/about-us/>. [Accessed on 2nd
December,2016].