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 businesses in the UK.
1.3 How local, national, and global economic environmental impact on McDonald’s 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 McDonald’s.
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.
This paper discusses the process of running a business in the UK. It analyses the various classes of business organizations that existed in the UK marketplace. This paper shows various business structures in the UK describing the advantages and disadvantages of this structure. This paper also assesses the market of the UK from the perspective of public and private sectors of business organizations. There are various styles by which the marketer executes their business. After that, the report discusses the local, national, international, global, and environmental impacts on the business of the UK. As there are several significant advantages of keeping accounting, this report evaluates the advantages and benefits of it. All of the effort data used in this paper are from or for McDonald’s plc. I am engaged in a motivational team by McDonald’s Corporation in the UK. The company has invented various formulas to motivate workers. They run approximately 6,900 restaurants worldwide, (McDonald’s, 2018).
TASK 1 The business environment
There are various styles by which the marketer executes their business. After that, the report discusses the local, national, international, global, and environmental impacts on the business of the UK. The business environment combines many macro-environmental and micro environmental factors that directly influence the business from several perspectives. The marketer at first considers the environment of the surroundings of the business describing the political, economic, social, and technological environment of the targeted business organization.
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The types of organization found in the public and private sectors in the UK
There are two types of business farm existing in the UK, such as 1) public organization, and 2) private organization, (Business Directory Index, 2017)
Public organization: Public organization refers to those institutions executed by the government manpower and government agency. The main objective of such an organization can be summarized as below:
- To enrich the general public of the country with the best services by the government employees,
- To enhance the living standard of the citizens living in the country,
- To evaluate the government services among the general peoples of the country.
Example of organization in the public sector:
- National Health Service.
- Social Security.
- Social services.
- Counsel Housing.
- Refuse collection.
- Primary and secondary education.
Private sector organization: Private sector organization is run by individuals or groups of civil citizens of the country to support the people outside of the government services. This type of business organization originally works independently for certain or several goals so that they provide the best services to the people. Example of organizations in the Private sectors:
- Sole traders
It is an online-based business organization that is led by the marketer personally. Changes, updates, combinations, withdrawal of laws, and innovations, etc are happened on the marketer’s own accord.
- This type of business structures help the marketer to implement their own thoughts and ideas,
- The marketer can run the business from anywhere in the world,
- Individual efforts may be much more than a group of businesses.
- Big capital can’t be ensured because of lacking shareholders,
- The marketer has to carry all out liabilities in case of dangers or a big loss.
Example: Examples of sole trader companies are:
- small retailers, and
In this business structure, the marketer plans for a business farm to collect funds as well as shareholders to run the business to a greater extent. For this, they need to make rules and regulations, and special policies as like as a cooperative business…………………