Table of Contents
TASK 1– The business environment
The types of organizations found in the public and private sectors in the UK.
The different structures within the business in the UK.
How local, national, and global economic environmental impact on Adidas business.
Task 2 – Business functions.
2.1 Importance of accounting in business for success.
The different functions carried out by the HR department in a business.
Key features of employment legislation.
Task 3 – Accounting workshop.
3.1 The information on the profit and loss account of ASDA.
Task 4 – Teams.
Determination of my and other roles in the team:
The stages of team development
Three motivation theories.
Different types of leadership styles.
The impact of customer service on business success.
The benefits of customer profiling to a business.
The modern world is a global business world. Due to the availability of business acceptability; young people are selecting their profession as businessmen. Most of the people are getting an entrepreneur. The profitability and liquidity in the business field affect young people to conduct business activities. The great advancement in the technological field helps the new business organization to run the business functions effectively and efficiently. To run the business organization; the businessman needs to know about the various strategies, structures, and types of the organization. The business owners require knowing the existing business systems in the UK market. For this reason; this report helps to identify the business types in the UK market. The business organization structure and various team classification, as well as motivational theories, are also described in this report. The accounting information of ASDA is also described in this study paper.
TASK 1 The business environment
The business environment indicates the organizational internal and external conditions that can be regarded as PESTLE factors (PESTLE, 2018). PESTLE factors stand for political, economical, environmental, technological social, and legal factors of the organization. These factors of the environment largely affect the functions of business directly or indirectly. In this paper; the influence of business environment factors on business activities and the impact of customer service on business success are mentioned.
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The types of organizations found in the public and private sectors in the UK
The business organization can be classified into various classifications. In most cases; the private and public sectors have the following types of business organization:
In the UK, the government business organization is regarded as a public sector organization. These organizations in this sector are controlled and funded by the government. These organizations are required to maintain a better standard of living for the people and public welfare in the country. The public sector institutions include the following:
- Public universities,
- National Health Service,
- Libraries, and
- Counsel Housing.
In the UK, the individual business organization is considered a private sector organization. The creator of the private business organization is considered an entrepreneur. The entrepreneur of the private organization holds all rights and power of the organization. The profit and loss, as well as risk, are taken and controlled by the entrepreneur in the private organization. Private sectors include the following business organizations:
- Sole proprietorships
- Companies and
In the UK; the most popular business organization is the sole proprietorship business. The entrepreneur of the sole proprietorship business holds all rights and power of the organization. The profit and loss, as well as risk, are taken and controlled by the entrepreneur in the sole proprietorship business. It is controlled by one person and he/she is the key person in the firm. In the UK; sole proprietorship business includes the following firms:
- Virtual Assistant
- Housecleaning providers.
- Restaurant business
In the UK; one of the important popular business forms is partnership business. The partners of the partnership business hold the all right and power of the organization. The profit and loss, as well as risk, are taken and controlled by the partners according to the agreement between them. It is controlled by two or more persons among the partners. In the UK; partnership businesses include the following firms…………….