Purpose of different types of Organizations!!
During the time of establishment of any business organization it has to adopt some particular structure through which information and decision making process flows and this is know as the type of organization. Identify the purposes of different types of organisation is important to understand their functioning process. Business organisations have to look into several aspects such as cultural, political, environmental, legal and economic environment so as to ensure their growth. Every organisation type is framed keeping in mind several benefits they offer. Considering the UK business environment there are different types of organizations such as Proprietorship, partnership, private limited, public limited, limited liability partnership, Non profit organization and societies etc. These business organisation types have been named in increasing order of their complexity and decision making process.
1.1 Identify the purposes of different types of organisation
The topic of purpose with which different organisations operate within UK is addressed in the HND business management’s unit 1 business environment. Unit 1 The Business environment is aimed at addressing 4 key learning objective and this is sub learning objective of LO1. As per Richard Koch (1997) organisations are group of people working for the common objectives. As per the main business organisation classification they can be divided into two main types which are private sector and public sector organisations. Business vision, mission and goals of the organisations serves as the purpose of the business organisation like whom they serve, what they want to achieve, how they would run their business and all. A business organisation with clear vision and mission statement would be expected to achieve its goals faster as compared to the organisations which are not having clear objectives. Unit 1 Communication in a business environment becomes very important as business organisations have to communicate their stakeholders regarding business goals. Unit 1 Business environment p5 deals with the development of the smart objectives, goals, vision and mission statement for the organization. Btec business level 3 unit 1 the business environment would help students to have a first hand exposure of the business orgaisations and their purpose of establishment. Similarly merit criteria for this unit such as Unit 1 business environment m1 would provide the key insights through which these mission and vision statements are co-related with the operational plans. Business environment unit 1 is very important for the beginners in the business studies and provide platform to develop their basic understanding about the business organizations in UK.
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