Organization_structure.edited.docx - Business and the...

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Business and the Business Environment 1 BUSINESS AND THE BUSINESS ENVIRONMENT by Student’s name Code+ course name Professor’s name University name City, State Date
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Business and the Business Environment 2 Task 1 Types and purpose of business An organization is a formal structure of authorities, relationships, and responsibilities that entities use to realize their aims and objectives. In most cases, there are rules and regulation that govern the formation and operation of different organizations such as public law for public organizations like NHS that operates under The Health and Social Care Act 2012 ,the private organization laws that govern private entities like Tesco that is governed by the company act of 2006 and the laws governing charitable organizations like the red cross society that is governed by charities act of 2006 . Organizations fall into public, private, combination of public and private and charitable categories and usually have structures such as the matrix structure as in the case of Tesco, bureaucratic structure which has been adopted by the red cross society and the flat structure adopted by the national health structure. (Bischoff,2001). Private enterprises are organizations that are owned by private individuals and exist to derive profit for their investors (Bischoff, 2001). An example of a private entity is Tesco Plc. Private Enterprises can have unlimited liabilities as in the case of sole proprietorship and partnership or limited liabilities such as limited companies like Tesco plc. In most cases, the private organization are managed and controlled by the owners or by a team of managers who have been granted authority by owners or shareholders to manage the business. Public sector organizations are ones that are wholly owned by the government. The government is the custodian of the interests of members of the public, hence its authority and control of public entities. The aim of public entities is to provide services and goods to fulfill the needs of members of public and are not motivated by the need to make a profit (Bischoff,2001). An example of public organizations is National Health Service. The management structure is
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Business and the Business Environment 3 governed by the laws set by the government and in most cases, the government employs managers to oversee their activities. Charitable organizations are those that provide services and goods to those in need and are intended to enhance the wellbeing of people (Bischoff,2001). An example of charitable organizations is Red Cross. In most cases, the management structure depends on the organization constitution and since charitable organizations fall under different categories, the management may consist of volunteers or those employed by the organization itself.
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