Table of Contents
TASK 1– The business environment
1.1 The types of organizations found in the public and private sectors in the UK.
1.2 The different structures within the business in the UK.
1.3 Impact of the local, national, and global economic environmental impact on business.
Task 2 – Business functions.
2.1 Importance of accounting in business for success.
2.2 The different functions carried out by the HR department in a business.
2.3 Key features of employment legislation.
Task 3 – Accounting workshop.
3.1 The information on the profit and loss account of Nissan Automobile Company.
Task 4 – Teams.
4.1 Determination of my and other roles in the team:
4.2 The stages of team development
4.3 Three motivation theories.
4.4 Different types of leadership styles.
Task 5 – customer service.
6.1 The impact of customer service on business success.
6.2 The benefits of customer profiling to a business.
Every profession, occupation, or service requires some strategies and policies of execution of the operative profession. Business is a demandable profession all over the world. But it is a big question of how the business operates, run their manpower, and classify their staffs into the various working level and according to their qualifications and specialty the holds.
Here this report supposed to discuss the types of organizations found in the public and private sectors in the UK in the first section. Secondly, it discusses the different structures within the business in the UK. In its third section, discuss business functions. This report discusses the accounting workshop for the business company.
TASK 1 The business environment
This presentation report shows various impacts on the environment with respect to business organizations. The business environment plays a vitally important role in building a strong business atmosphere in the marketplace. This report also discusses various perspectives like national, local, international, economical environment on a famous business company named Nissan automobile Company.
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The types of organization found in the public and private sectors in the UK
A publicly organized business organization is run for public services by the taxes provided by the citizens of that country. Objectives: a) To ascertain the basic needs and standard services to the people; b) To provide public services to the people, and c) To ensure the natural resources and their benefits to the people. Examples of public sector organizations are the National Health Service, Police, Defense, Social Security, Prisons, Roads, and Counsel Housing.
The private sector organization is belonged to one or more people and run by personal investment outside the Government. Different types of organization in the private sectors that are Sole traders, Companies, Partnership, and Franchises.
This most popular business operating system is run online. In this system, the owner of the business organization is personally responsible for any changes, innovations, debts, and issues related to the business.
- It can be operated from any time and anywhere and needs no usual spaces for decoration.
- One can opine and make a decision, so that he may adopt instant measures.
- The business owner can’t deal with unexpected issues as the business is not separated.
- The owner is liable to show causes for any cause.
Example: Examples of sole proprietors are:
- Home Healthcare,
- Grocers and builders.
This type of business is led by one or more persons combined. The owner collects shareholders too. All the losses, debts, and benefits are shared by the shareholders in this type of small business.
- The liabilities can be divided into all shareholders.
- The capital might be vast as there are more shareholders.
- This is not integral to the whole business.
- Responsibility is divided.
- Businessmen can opine in the respect of business relationships.
Example: CoverGirl & Lucasfilm, Alexander Wang & H&M, Nike & Apple.
It is the business system in which the owner of the business runs their business separated. The owners of the business farm are equally liable for the expansion of the loans that are only invested as capital. This type of business farm also can be classified as a private and public organization.
- This kind of business is an individual business farm.
- The financial liabilities are limited.
- It has facilitated by revenue.
- The companies’ acceptance is improved.
- Regulation is not easier.
- More documentation has to be maintained.
- This type of Business Company needs many costs.
Franchising is based on a marketing concept that can be adopted by an organization as a strategy for business expansion. Where implemented, a franchiser licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return, the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a Franchise Agreement……….