Business Organisation

The Business Organisation, its stakeholders and the external environment



The Business Organisation, its stakeholders and the external environment

Task 1a- Identify the purposes of different types of organisation

There are different types of business organization they are

Public sector organization

The aim of public sector organization is to provide the public services to the citizens. Beside this they should benefit people at community level. The public sector organization is associated with the government as people pay taxes and this money is being used for the finance of the public sector organizations. The public sector organization at UK provides large range of services they get free charges of school and so on so forth (pp. 2-10)

Private sector organization

Private sector organization deals with the partnership companies, sole traders, the companies that are private and public level. The franchises came under the category of public sector organizations. The aims of public sector organizations are they earned profit from these organizations. They have right growth ratio. They increased the Market share. They have maximum sales. There are sole trade company's deals with the bank loans, personal savings and so on so forth. They sells shares in the company (Different Types of business organizations, pp. 11-13)

Voluntary Sector organization

Individual will not be the owner of the voluntary group. The targets of the group are set by someone else. The budgets and other allowances are set by the owner of the group. These groups are helping particular type of people. They work according to the donations and grants (Different Types of business organizations, pp. 14-17).

b-describe the extent to which an organisation meets the objectives of different stakeholders

Stake holders have a great influence on the strategy. Therefore stakeholders should be informed regarding the organization. The stakeholders give some implications to the organization they are. The corporate governance framework should be identified ...