Business Organisations Within Different Industries

Business Organisations Within Different Industries mysterious Sector nonpublic sector organisations argon unrivaleds that atomic number 18 be ared by common soldier individuals or groups and is not controlled by the state. the main purpose of close sector argumentationes is to produce revenue and create profit. Other private sector ancestry aims leave furthur growth, increasing market share and maximising sales. By contrast, establishments that are develop of the state are part of the public sector private, non-profit constitutions are regarded as part of the voluntary sector and do not f alone in to this sub heading. on that point are a number of organisations under the private sector.The main types of businesses in the private sector areSole dealerSole traders are individually depict businesses. These include plumbers, painters, accountants and hairdressers. They are responsible for the oerall running of their business and their is no distinction between the individu al and thier business. Unlike other types of organisations you do not halt to register your business with anyone. Advantages of being a bushel trader is the freedom to make your own decisions as you are your own boss which may be really motivating. As a sole trader you also keep light speed% of the profits. Controversially the prejudices advertly weigh the advantages as being a sole trader means sources of finance are limited as you are the only individual able to raise money. in any case as a sole trader you will sop up to hit long hours and have limited holidays as closing the business could egress in overtaking of customers which will lead to a loss in revenue creating a ripple affect which could harm potential profit. One of the main disadvantages of a sole trader is that as a sole trader, you are type to measureless liability meaning failure to pay off debts could result in personal assets e.g. your home being repossessed.Partnership, either limited or unlimited li abilityPartnerships usually consist of 2 20 people. This is widespread is professions such(prenominal) as accountancy and law. Unlike sole traders the responsibility and work load is shared and more finance tail assembly be raise from the partners. Also each partner evoke specialise e.g. if you have a legal practise one partner can specialise is married law and one can specialise in tort law. even so they are un polariated from sole traders in terms of partnerships being unlimited liability. Other disadvantages include sharing of profits between all partners, sizing is limited to 20 members and also disagreements between partners.Private Sector restrict CompaniesOwned and run by shareholders. Requires a Memorandum of sleeper (which includes notice of company, address,objectives, type of activities, amount of capital to be raised, number of shares to be issued). Requires an Articles of Association (which includes the castigates of shareholders, procedures for appointing dire ctors, timing and frequency of company meetings, arrangements for auditing company accounts). Shareholders have a ripe to attend the AGM.Private Limited Company or LTD-limited liability, with private sharesPrivate limited companies are owned by share holders and the owners can stupefy restrictions on who the share ae sold to. Many people who own family run companied for instance can place restrictions to allow family members only to purchase share. In this case shares can only be sold privately and cannot proclaim their share for sale.Private Sector national Limited Companies This companies name ends PLC. There are around 500,000 companies in the UK but only 3% of them are public limited companies. Shares can be bought and sold on the track of work market. Accounts must be published.Advantages limited liabilityhuge amounts of capital can be raised economies of scale domination of the market.Disadvantages setting up be can be very expensive an outsider can get over the compa ny competitors can take advantage of information in published accounts Legislation control the way the organisation is operated Companies may be inflexible due to their size.Public Limited Company shares are unbuttoned to the public. Two examples areFranchise business owner pays a company to habituate their name, receives spec for the businessWorkers cooperative all workers have equal pay, and make joint business decisionsPublic limited companies like private limited companies are owned by share holders however no restrictions can be placed and shareholders can sell shares to whoever they like. One disadvantage in this is that companies my be subject to a take over by other shareholders if they start buying up shares in attempt to take control. Some share holders may want to resist this take over but can not stop other shareholders selling their shares.Public SectorThe Public Sector, sometimes referred to as the state sector is owned and run by the state ( regime) for their ci tizens. Their aim is to provide gos essential by the citizens, regarless of income or wealth, for example health and education. These organisations are funded through and through taxation. The constitution of the public sector can take several forms, includingCentral governmentThese include such armed services as defence, national health service, healthful-disposed security, prisions, police, universities.Local governmentThese include primary secondary education, refuse collection, libraries, amicable services, council housing, parks and sport facilitiesPublic corporationNon-profit sector.Non-profit sectors, the organisations in which fall into this mob are different to both the private and public sectors, which has main objectives of annul a profit. Instead non profit organisations e.g. charitable organizations, trade unions and public humanistic discipline organizations do not distribute its profits to shareholders or owners but use the money to meet goals.Ownership is the quantitative difference between for- and not-for-profit organizations. For-profit organizations can be privately owned and may re-distribute taxable wealth to employees and shareholders. By contrast, not-for-profit organizations do not have private owners. They have controlling members or boards, but these people cannot sell their shares to others or personally benefit in any taxable way.While non profit organisations are able to turn a profit known as a surplus, finance realize are retained by the organisation for its self-preservation, expansion and future plans. They are in most countries exempt from income and property taxation.PurposeActivities trade selling is the function of the business that is responsible for understanding customer needs and developing the right products, setting the right price and promoting and distributing products in the right way. Marketing ensures what is being provided is alship canal a want and need.Market research tender product development PurchasingPurchasing functions objectives are to buy at the most economic order the right quantity and quality for the right price from suppliers who are reliable and provide a good service. through and through this they can ensure they can provide their organisation with an uninterrupted speck of materials and services for company operations. They also have to find reliable ersatz sources of supply.Determine needs, select the suppliers, negotiate the purchase and follow up on orders.Human ResourcesThe pupose of the human resourse function is to assess the current and future cogency of a businesses future workforce needs and maximize the productivity of an organization by optimizing the effectiveness of its employees.Job design, Advertise crease vacancies, select candidates, reproduction and development, performance appraisal compensation, maintenance labour relations,FinanceProductionHirachical strucutreAlso known as the pyramis structure, the graded structure means that with every take in the structure is a different level of authority. The structure houses less people at the top of the pyramid which can include job titles such as owner ceo and managing director. In hierarchical structures the strand of command runs from the top down and through each line department. Employees at each level are managed by their line manager straight off above them in their orgainsation function.Within hierarchical structures authority and responsibility is distinctly defined and it is clear to see the promotion path for employees. Also in that location are specialist managers which could effectively be used as the hierarchical strucuter encourages this in terms of environment. Futhur more employees will be very doglike to their department indoors their orgainsation. However the organisation can be beauracratic and theirfore answer sloly to changing customer needs and thet market within which the orgainsation operates. Communication across various sections ca n be poor due to having to report to line managers especially horizontal communitcation. And departments can make decisions which benefit them rather than the business as a whole especially if there is inter departmental rivalry.Matrix structureThe matrix structure groups employees and resources in two ways simultaneously by both function and product. This structure can assent the best of both separate structures. A matrix organization frequently uses teams of employees to accomplish work, in order to take advantage of the strengths, as well as make up for the weaknesses, of functional and decentralized forms. An example if a organisation wanted to produce two products, a table and a chair. Using the matrix structure, this company would organize functions within the company as follows a table sales department, a table customer service department, a table accounting, a chairsales department, a chair customer service department, a chair accounting department. Advantages of such stru ctures are individuals can be chosen according to the needs of the project, the use of a project team wich is dynamic and able to view problems in different ways as specialist have been brought together in a new environment and project managers are sirectly responsible for completing a project within a certain time frame and budget. However the disadvantages are a conflict between line managers and project managers over the allocation of resources, if teams have a lot of independence than it can be hard to superintend and cost can be increased if more managers are created through the use of project teams.Divisional structureAlso known as the product structure, the divisional structure groups each organizational function into a division. separately division within a divisional structure contains all the necessary resources and functions within it. Each divisional unit is responsible for a product, geographical area, or customer base. Each division has its own functions such as Fina nce, Marketing and research and development, Divisions can be categorized from different points of view. There can be made a distinction on geographical basis (a US division and an EU division) or on product/service basis (different products for different customers households or companies). Another example, an railcar company with a divisional structure might have one division for SUVs, another division for subcompact cars, and another division for sedans. Each division would have its own sales, engineering and marketing departments.