Business Organisations -Types, Sizes, Purposes, Structures, Functions and the Impact of Macro- Environment on the UK Retail Sector using PESTLE, SWOT & Porter's Five Forces Models
Types of organisations An organisation can be classified on the basis of its business purposes, viz. vision, mission, goals and/or objectives (Kamugisha, 2017). All organisations generally have common purposes such as achieving profit, along with organic growth and long-term sustainability in the commercial arena. However, there are some organisations, which mostly dedicate their efforts to have sustainable business growth and not just to earn a business profit. Let us first identify the key differences between profit, not for profit and non-governmental organisations. Profit organisation Not for Profit organisation NGOs A profit-seeking organisation generally operates in the private sector, which only aims at supporting its own cause (En.wikipedia.org, 2018). A profit organisation can be of the following types: i) Sole proprietor ii) ...