Types of Business Organisation and Ownership

The private sector is comprised of companies run by individuals for a profit; some examples of this are sole traders- exclusive owners of a business, a limited company, a partnership or a public limited company. The public sector is where all of the government run services fall into, like the NHS or policing services. The voluntary sector are non-profit, non-governmental charities that benefit the public, examples of this are charities such as the NSPCC and Age Concern.

A public service is a service that is funded by the government or by donations to help the government deliver its actions as effectively as possible. There are two types of public services they are statutory and non-statutory services. The difference between a statutory and a non-statutory service is that a statutory service is paid by tax payers, funded by the government and is set up by the law. They are usually uniformed and highly professional an example would be the Emergency Services and the Armed Forces. A non-statutory service is a service that doesn’t receive a lot of government funding so they are paid by members or the public as they are registered as charities, they are set up by individuals and not parliament and unlike

A private sector is usually composed of organisations which are privately owned and not part of a government; whereas a public sector is composed of organisations that are owned by the government and voluntary sectors are composed of individuals of who seek help in charitable activities. Private sectors include corporations such as partnerships and charities, like the voluntary sectors, and the public sectors include corporations such as federal, provincial, state or municipal governments. An example of a private sector is a retail store or credit unions, and example of a public sector is an educational or

A public sector business is a business that usually composed of organisations that are owned and operated by the government (PrivacySense2015).

ASDA is a public limited company and the second largest supermarket in the UK. ASDA founded in 1949 under the name of Associated Dairies and Farm Group. Asda offers various types of goods and service such as clothing, grocery, electronics, home furnishings and baby product (ASDA, 2014).

Every organisation has a different organisational structure. The private sector is funded by private investors, these invest capital into a business in hope of returning a greater capital in the future, they are generally profit drive. A public sector is an organisation generally funded by the public and state. The organisations are required to offer a service which will benefit the whole of society for example the NHS. A voluntary sector is an organisation based on non-profit, and are not funded by the state. They are used to fill gaps within the market which private and public sectors cannot do. The company I work for would fall under the private sector, our company has directors and business partners who put money into the company or use our services to benefit their own companies.

There are many differences between business organisations, beginning with the purpose and goals of an organisation. Business organisations belong to various different categories including the private, public and non-profit sectors. This assignment will discuss a business organisation from each of those sectors, outlining the purpose, objectives, and stakeholders of each. It will also discuss the different ways that global factors and market structures can impact each of those companies.

After joining an organisation, it can often be challenging to learn everything you need to know to be successful. Business and industry knowledge can grow over time, but there is often basic knowledge to be successful in a project. Here are some basic questions to ask and answer in order to get basic understanding of how a business works:

Public sectors are government controlled services that provide for both basic and essential needs of the general community. The content of government sectors varies between countries, however in most countries these include Police, Health care, Fire brigade, Military, Public transport etc. (PrivacySense.net, 2014).

Business Finance. (2011). Types of Business Organizations – Corporations. Retrieved November 19, 2011, from http://www.businessfinance.com/books/startabusiness/StartABusinessWorkbook012.htm

In Understanding and Managing Public organizations, Hal G. Rainey states, “Blurring of the sectors” (Rainey,2014, pg. 57). Rainey basically says that private, public and nonprofit organizations are interweaved. Many public agencies are similar to private agencies. Private, public organizations provide services and goods within the United States and around the world. These agencies are mostly owned and operated by the government or public sector. These public sectors or government agencies provide loans to college students, people who want to buy a home, and farmers who own farms and banks. These organizations are owned and guided by the government.They operated as a private sector and as a result they generate their own revenue. Rainey

overnment organizations includes public corporations and organizations that are political and corporate in nature. As the book continues to describe, there is a three point test that can be used to determine if an organization is government.

Public sector refers to the part of the economy concerned with providing essential government services. The public sector includes such services as a police, military public roads, primary education and healthcare for the poor.

supermarkets like Tesco offering the biggest discounts in the UK and Sainsbury 's offering of substitute products too (Mintel, 2010). This shows the responsiveness and flexibility towards consumer needs in the supermarket industry.

In today’s world, different types of business have emerged and business operations have become the cornerstone of making a success, however the way in which they are operated is what is important. Most businesses hunt the main objective of making a profit without considering how that might affect other factors of society and that is what in most cases diminishes the longevity of the organisation.