ACTIVITY 2

Activity 2

Activity 2

What is an organisation

An organization (or organisation — see spelling differences) is a social arrangement which pursues collective goals, which controls its own performance, and which has a boundary separating it from its environment. The word itself is derived from the Greek word(organon) meaning tool. The term is used in both daily and scientific English in multiple ways."Organization" is understood as planned, coordinated and purposeful action of human beings to construct or compile a common tangible or intangible product.

Why do organisations exist?

An organization creates business plans to enable it to achieve these ends - thus plans are the means to the ends. The objectives and plans that an organisation creates are determined by balancing the requirements of the various stakeholders in the organisation. The stakeholders are those individuals and groups that are affected by and have an interest in how the business is run and what it achieves. Every business has a range of stakeholders, including:

The objectives that an organization establishes are based on blending the various interests of these stakeholder groupings.For example, an objective to be the market leader, will benefit all stakeholders because customers will receive high quality products, shareholders will receive high dividends, employees will receive good wages, and so on.

Types of business in the UK economy

The main types of business organisation in the UK are the Sole Trader, Partnership, Franchise, Private Limited Company and Public Limited Company.

In setting up a new business, you will make observations and projections about the market for your products and services, and take decisions about liability, taxation, expansion plans, ownership and the legal form of the business. Each business organisation and location are different and will need to observe different regulations. Sole Trader, Partnership, Franchise, Private Limited Company and Public Limited Company business organisations in the UK are summarised below. Before you make a final selection of your business type and start your business, you are strongly recommended to obtain professional advice from accountants and solicitors.

What is business?

A business can be defined as an organization that provides goods and services to others who want or need them. When many people think of business careers, they often think of jobs in large wealthy corporations. Many business-related careers, however, exist in small businesses, non-profit organizations, government agencies, and educational settings. Furthermore, you don't need a degree in business to obtain many of these positions. In short, every sector of our economy needs people with strong overall skills that can be applied to business-type careers. There are a wide variety of career areas that exist in business settings.

Provision of Services

Some of these include:

Accounting

Administrative management

Business management

Finance

Human resources

Information systems

Insurance

Marketing

Operations management

Public relations

Purchasing/merchandising

Retail management

Sales

Gourmet Bakery

A business plan

A business plan will then enable an organisation to achieve its objectives. The business plan must be set within a time frame and set out how the organisation, and the various components of the organisation will work towards meeting required objectives.

New Gourmet business plan

Our commitment to excellence in the craft and artistry of baking enables us ...