High Employee Morale. …
Offers Training Opportunities. …
Handles Poor Performance. …
Understanding Risks. …
Adapts to Opportunities and Changes
Asda is example of private company for profitMacDonald’s are example of
Oxfam and help the homeless are example of voluntary sector
Army an organized group of people who
together or helping
ministry of defence are example for public sector organization child support
agency and cancer research are example of not for profit organization.
Board is a group of people who have the responsibility of managing important business or government activities
general terms, the public sector consists of governments and all
publicly controlled or publicly funded agencies, enterprises, and other
entities that deliver public programs, goods, or services. It is not,
however, always clear whether any particular organization should be included
under that umbrella.
of public organisation the public sector regularly offer its service to the
public no matter heed if the
individual’s are able to pay. For instance, the government funded educational
system is available to all youngsters, paying little respect to their family
income. which is make the state funded schools altogether different from
non-public schools, for which the childs gardian must pay a charge.
other case, the cunsumer must pay an expense, despite the fact that the
association is in general society area. An open transportation framework will
charge an expense to its riders, in spite of the fact that the cost for running
the framework is generally balanced by financing from the nearby government.
Certain open segment elements are in charge of securing the wellbeing of neighborhood
natives. Fire divisions and police offices both qualify as open segment
In some cases, public sector and private sector
organizations work together for a common purpose. This happens when the
government gives a contract to a private business to perform work on a specific
project. Governments enter into these types of arrangements when building roads
and bridges, for example.
Public sector organisations are businesses
set up with the aim of providing a public service rather than
making a profit. Social enterprises are private organisations that are run
along business lines, but where any profits are reinvested into the community
or into social or environmental projects.
legal pubic structure of the head of government
such as the prime minster in the UK and the cabinet which has all different
misters to run the public sector and the whole affair of the country and then
we have local government run by the mayor and the elected council members
term private sector refers to the segment of the economy that is not
directly controlled or operated by government-run agencies and organizations.
Those government-run agencies and organizations make up the public sector.
Other terms that are used to refer to the private sector include the citizen
sector or the free market. The private sector is made up of companies that
operate to make a profit. A third segment of the economy, made up of charities
and nonprofit organizations, is known as the voluntary sector.
very basic terms, the private sector includes anything that is not part
of the public sector. Where the public sector provides services for
everyone, the private sector provides goods and services generally only for the
people who pay for them. For example, people who purchase an item in a store,
subscribe to a magazine, or lease a car are the only ones eligible to receive
those specific goods and services.
We’ll continue with the private
sector, which aims for profit, the public sector, When a business is first set up, its main
objective will be to survive. When survival is assured, private businesses may
take it to the next level and expand to maximise their profits. The public
sector however, serves the tax-payers so they can’t afford to take any risks.
Purpose of private sector
Profit maximisation or profit growth is
the primary aim of most private sector organisations such as Volkswagen.
analyse how the aims of social enterprises differ from other business
sector organisations. For many firms the main objective is to increase the
level of sales or market share.
1. Sole trader businesses are the
easiest to set up because there is no complex paperwork. The business and the
owner are the same person in law. The sole trader does not have limited liability
which means that they are responsible for all the debts of the business. The
sole trader has to produce an annual accounting return for the Inland Revenue. Sole trader‰ Can offer specialist services to customers and Can be sensitive to the needs of customers and can build up
the community due to trust
2. Partnerships are set up by a Deed of Partnership
which is a document made out by the partners and witnessed by a solicitor. This
Deed sets out the legal relationship between partners e.g. how profits will be
shared out, responsibilities of partners etc. In traditional partnerships the
partners had unlimited liability i.e. they were jointly responsible for the
debts of their partnership. In 2001 this has been altered
3 Private limited own by share holders run by
directors and its labiality is limited Company has to register with
Companies House and Issued with a Certificate of Incorporation Memorandum of
Association internal rules covering and Voting rights of shareholders so in
realty the share holders own the company so they employ a directors to control
the company which is sometimes are share holders. Directors have to act in the best
interest of the share holders because they are responsible of the share holders
can only be accounted for their investment in the company
Definition the main motive of voluntary sector
i benifite and enrich the society usually operate with little or no help from
the government example local communities and multi national charaties usually self motivated and hard working
Main purpose is to self satisfaction when serve
a good cause to help the society localy or nationally or even worldwide to help
the poor the needy and the disadvantage not for financial gain
Legal structure there is a different forms and
legal structure for volunteer organisation such as unincorporated associations
they managed by the management comity and have to be governed by the
constitution who has unlimited liability or company limited by guaranty or incorporated
associations they are managed by directors and have to be regulated by the
company house cooperative society which
has personal limited liability and they are set for community benefits and
their profits will be directed back at the community
Coca Cola : application
are several important aspects to consider about the goal of the business
organization. These features are explicit (deliberate and recognized) or
implicit (operating unrecognized, “behind the scenes”). Ideally,
these features are carefully considered and established, usually during the
strategic planning process. (Later, we’ll consider dimensions and concepts that
are common to organizations.)
The process of organizing, planning, leading and controlling resources within an entity with the overall aim of achieving its objectives. The
organizational management of a business needs to be able to make decisions and resolve issues in order to be both effective and beneficial.
Organization is an instrument for achieving organizational goals.
The work of each and every person is defined and authority and responsibility
is fixed for accomplishing the same