Types of Organization in the Private Sector
Task 1: Written Report Submission date: 08/04/2013
The learner has been given a position of business coordinator at EUCC who will study
Environments by using the tools and techniques for the purpose and demonstrate his/her
Understanding of the concepts.
1.1 Identify the purposes of different types of organisation by stating their categories,
Aims and objectives (AC 1.1) *
Types of organisation in the private sector:
Typical sole traders include tradesmen such as plumbers, electricians, television repair people etc. Nowadays lots of people are setting up their own businesses by creating small web-based companies working from home.
1- Partnerships are typically found in professional services such as accountants, solicitors, doctors, dentists etc, where the partners can share expertise and skills. They can also share the workload, organising work rotas to allow for time off and holidays. Partners also pool their capital.
2- Companies are owned by shareholders that each contributes a stock of money into a central pool. This pool of capital is then used to provide a core sum of finance, which is then added to by borrowing and other forms of finance. Directors run the company on behalf of shareholders who receive a share of the profits as dividends. Examples include Portakabin, Argos, Polestar and Cadbury Schweppes.
3- Franchises are licensing arrangements whereby an individual or group can buy the right to trade and produce under a well known brand name in a given locality. The franchisee benefits from working for themselves while having the privilege and reputation associated with a much larger group. Coca-Cola franchises some of its bottling operations, and you will all be familiar with McDonald's. Many of the McDonald's outlets are franchised.
4- Criteria for Judging the Success Of Business
Businesses come in a variety of forms. For example, one important distinction is between private and public sector businesses. Then
The learner has been given a position of business coordinator at EUCC who will study
Environments by using the tools and techniques for the purpose and demonstrate his/her
Understanding of the concepts.
1.1 Identify the purposes of different types of organisation by stating their categories,
Aims and objectives (AC 1.1) *
Types of organisation in the private sector:
Typical sole traders include tradesmen such as plumbers, electricians, television repair people etc. Nowadays lots of people are setting up their own businesses by creating small web-based companies working from home.
1- Partnerships are typically found in professional services such as accountants, solicitors, doctors, dentists etc, where the partners can share expertise and skills. They can also share the workload, organising work rotas to allow for time off and holidays. Partners also pool their capital.
2- Companies are owned by shareholders that each contributes a stock of money into a central pool. This pool of capital is then used to provide a core sum of finance, which is then added to by borrowing and other forms of finance. Directors run the company on behalf of shareholders who receive a share of the profits as dividends. Examples include Portakabin, Argos, Polestar and Cadbury Schweppes.
3- Franchises are licensing arrangements whereby an individual or group can buy the right to trade and produce under a well known brand name in a given locality. The franchisee benefits from working for themselves while having the privilege and reputation associated with a much larger group. Coca-Cola franchises some of its bottling operations, and you will all be familiar with McDonald's. Many of the McDonald's outlets are franchised.
4- Criteria for Judging the Success Of Business
Businesses come in a variety of forms. For example, one important distinction is between private and public sector businesses. Then