Analysis of Business Organizations in the United Kingdom (BUS101)

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This report provides a comprehensive overview of business organizations in the United Kingdom. It begins by outlining the key aspects of the UK business culture, emphasizing politeness, discipline, and the role of managers. The report then delves into the various types of business organizations prevalent in Britain, including Public Limited Companies, Private Companies Limited by Shares, Companies Limited by Guarantee, Unlimited Companies, Limited Liability Partnerships, Community Interest Companies, Industrial and Provident Societies, and Royal Charters. Each type is described in detail, highlighting their unique characteristics and operational structures. The report also examines the external factors influencing businesses, such as economic fluctuations, legal and political impacts, demographic characteristics, social factors, and technological advancements. The influence of Brexit on the UK business environment is also addressed. The report concludes by summarizing the key aspects of business organizations and their role in the economy.
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Understanding
Business Organizations
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INTRODUCTION
The operating structure of your business will significantly show the formation of the
business will indicate the amount of the taxes you are going to pay, the liabilities will arise when
the company goes into losses or when to perform, charges for the administrative work done and
overtone the ability for getting turnover and ascending the profit of the company, The key
postulates of business culture in the UK are politeness, discipline, courtesy, punctuality.
Hierarchy does not play a mandated role in the lifestyle of business, managers holding onto
marginal power distance, the virtues of organizations is working top to bottom affecting the role
of the decision-making process, the publication of decision are not forcefully imposed on the
workers or the member of the company, however, they are presented in the form of regulations,
guidelines or suggestions. This report will consist the types of business organizations in the
Britain and the working or functions of it, the environment they grow into along with their
characteristic.
TASK
The zestful business surroundings does not work in exhaustion rather then that it works in
a lively manner which has a direct influence on how they operate and whether or not they will
achieve their objectives, the owners of the business and managers control the day- to- day affairs
of the company , choosing the supply of the products, the means of production, the distribution
process and which employees they should hire on differentiation of the skills , Generally the
external factors which affect the business are beyond the control of the management which are
the environmental conditions. Peculiarity of logical reasoning is not the paramount of British
business lifestyle, analytical planning towards the industrialization lies entirely in the processing
of the annual budget, Currently UK has undergone the transitional value of Brexit, where the
changes has been made with the European Union, furthermore the EU insists the UK
implementing the outcomes of the negotiations of the trade agreement, Undergoing in the
process of withdrawal agreement , United Kingdom will hold a different place then the Northern
Ireland , union’s single market and customs union measures is also aided by the rules and
regulations, whereas the value added tax will apply the northern area of the country, the ending
up of The Withdrawal Agreement,2018 put down The European Communities Act,1972,
Directives of Data Protection, means the protection of data of individuals and movement of such
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data General Data Protection Regulation (GDPR) has introduced subsequent changes in the
privacy in regard to data laws.
Varying inactions of organizational structures of England comprises 8 main kinds, namely as,
Public limited company, Private company limited by shares, Company limited by guarantee,
Unlimited company, Limited liability partnership, Community interest company, Industrial and
Provident society and the Royal Charter
The Public Limited Company, is a corporation which owned by the government authorities and
the ownership is transparent to the public, any individual has a sole right to buy the shares in the
company and become the stakeholder of this particular organization, the limited company is the
type of organizations where the fiscal liability of an individual is bare minimum which is notified
in the value of the investments made.
The Private Company Limited by Shares, is a corporation which is restricted to be owned by
any public body, it will be taken into the account of ownership by a non-profit organization or a
trivial number of stakeholders, selling of the shares and the handing out the investments are done
privately.
The Company Limited by Guarantee, in this scenario the individuals are not responsible on the
fixed value based on the investment they made as the station of company is self-contained that
does not require the merge with stakeholders like petty NGO's, in preference the stake owners of
the members of mega multi-national companies acting as a guarantor and agreeing to contribute
a formal summation of amount towards the winding up or dissolving of the company if in case.
The Unlimited Company, organization which does not have any validated curtailment monetary
value to be paid by the shareholders of the company if the company goes into the state of
liquidation , under the circumstances of any explicit scenario where the business is bringing
about to an end and the assets will be distributed to the stakeholders , then the stakeholders will
remain accountable for settling out the company financial liabilities notwithstanding of the
investment made by the shareowners.
Community Interest Company, the conditions under which companies , to attained the objective
of maximizing profits for the shareholders of the company , in the purview with the intention of
using their assets and profits for the good for the communities that they are indulged in, the
running of CIC is preserving the environment around the shareowner's irrespective of the fact
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they do not provide them money, such organization indulge their work in to services for the
welfare of the company by using the funds of the company.
Industrial and Provident Society, these organization can be illustrated as the mammoth scaled
companies; however, they are no more working in the area of United Kingdom but still settled in
the surrounding of Northern Ireland by stipulating attentiveness to the community, the business
of provident society is superseded by community interest companies.
Royal Charter, the companies which are established by The Royal Charter are including in this,
the powers of the organization and the rights are vested in the monarch, in the earlier day the
industries and their business performance had to be approved by the royal charter, the institutions
which were included by the process of the charter BBC, The Bank of England, the Royal Opera
House.
Not every business is large enough to flip the external environments on their own , thus the
managers are the adapters who act primarily, the comes along the agents acts as secondary
workers in respect to the bring about the changes in the external surrounding, there are certain
environments which effect the environment externally, (a) Influences by Economic, fluctuations
from the economic enforcement create the business cycle which therefore put persuasive impact
the working of a business, the rate of interest and inflation is one of the component changed by
the economic development or losses of economy , when the economic rises , the unemployed
goes down. in a sphere of free market, the determining clout of demands, supply chains and the
qualities of goods and services is processed. (b) Legal and Political Impact, the airy of politics
in a country is crucial as a matter of fact for the managers of the company who handles the day to
day working of the organization, the authorized government have the power to exert the changed
over the behavior of the pursuit of work, the passing of different laws which determined
accordingly the guidelines, functioning, traffic import, allocation, restrictions on the export and
performance mechanism of an industry. ( c ) Representative Role of Demographic Characters,
the socio-demographic, geographical, statistics of ethnicity is a factor which is beyond the
control, hence, plays a significant role in the operations of business, the demographic analysis is
the study of a population-based, which depends on the race,sex, and age. this stat helps the
companies to determine the markets of products, the size of the services, constituting of their
workforce, configuration of status of different scales of shopping preferences can be determined
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by this analytical manual of demographics. (d) Social/Societal Factors, the lifestyles, ethical
value, culture, and attitudes factors will make the industries understand how,what,when and
where people will consume the products, of what quality, how they can produce the apparent
goods and services, these attributes will change from time to time, along with the moving of
people to different stages of life.
(e) Technology Factors, the growth of new applications of technology will emerge in the
economic system, the efficiency of the latest administration mechanism will accommodate the
productivity of goods and services, effectiveness of the products, maintain the building of wealth
by developing new high-tech products.
CONCLUSION
The term business organization describes , the structures and their how there structures
will remain the budding of prediction, supply of goods and services , meeting their minds in
management of the industry through the managers and agents of the company , Designing the
improvement of society and economics devlopments , modernization is method in it , the impacts
which effect the growing and working of mechanism.
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REFERENCES
Books and Journals
Bean, R. and Peel, D.A., 1976. Business Activity, Labour Organisation and Industrial Disputes
in the UK, 1892–1938. Business History, 18(2), pp.205-211.
Emberson, M. and Winters, J., 2000. Investors in People: how a large public sector organisation
in the UK dealt with a new national training initiative. International journal of training
and development, 4(4), pp.259-271.
Lowe, A. and Ridgway, K., 2000. UK user's guide to quality function deployment. Engineering
Management Journal, 10(3), pp.147-155.
Millington, A.I. and Bayliss, B.T., 1995. Transnational joint ventures between UK and EU
manufacturing companies and the structure of competition. Journal of International
Business Studies, 26(2), pp.239-254.
Öcal, N., 2006. Nonlinear models, composite longer leading indicator and forecasts for UK real
GDP. Applied economics, 38(9), pp.1049-1053.
Quinn, B., 1999. The temporal context of UK retailers’ motives for international
expansion. Service Industries Journal, 19(2), pp.101-116.
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