Key Features of a Range of Commercial and Non-Commercial and Commercial Organizations
An evaluation of the key features of a range of commercial and non-
commercial organisations to illustrate differences in their funding
and their business objectives
PRIVATE SECTOR (Commercial)
Private sector are companies owned by a particular group of people
they mainly not government companies, the owners are individuals and
can range from small one-person businesses to large multinational
corporations who they main mission of the organisation is to generate
profit and providing excellent service to their customers.
Their other main objectives is to produce goods or services that
satisfy their customer needs, most business organisations owned and
controlled by private individuals strive to make and improve profits.
Public Sector (non-commercial)
Non-commercial organisations can either be in the public or voluntary
sector mainly their objectives is to provide service that is in the
public interest. Some services may be provided free at the point of
use, such as the tourism concern organisation they work with people in
order to promote tourism that benefit their communities their also
work with the tourism industry encourage them to put fair trade
principles into practice, the public sectors don't have shareholders
but are financially supported through tax or the contribution of the
public.
What each of the following terms mean and giving examples of each from
the Travel and Tourism industry.
*Sole Traders- These are business organisations owned and controlled
by one person profit is the main measure of the business and their aim
is to provide service to the public and making profit they responsible
for decisions within their own businesses although they may employ
other people the main disadvantage of being sole trader is that the
law makes no distinction between the assets and liabilities of the
business and those of its owners. This means that if the business is
forced into liquidation the proprietor has to settle all outstanding
debts from his or her own finances this may in turn lead to personal
bankruptcy this also applies to partnership.
Nonprofit Organizations The purpose of this research is to define nonprofit organizations, describe opportunities that are present in nonprofits, outline advantages and disadvantages of working in the nonprofit sector, and explain how you can determine if this is an area for you to consider as a career. WHAT IS THE NONPROFIT SECTOR? "Nonprofit" is a term that the I.R.S. uses to define tax-exempt organizations whose money or "profit" must be used solely to further their charitable or educational mission, rather than distribute profits to owners or shareholders as in the for-profit sector. The term is also used to describe organizations which are not a branch of -- are independent of -- the government and the corporate sector. This term refers to one of the most important uniqueness of a nonprofit organization: it is independent of both the public or government sector and the private or corporate sector.
This research examines the two business organisations with a presence in the local area and discusses their very different purposes and ownerships. The two businesses are Tesco PLC and NHS.
The private sector is composed of organisations that are privately owned and are not part of the government, corporations and partnerships, for example: retail shops and local business. The private sector progresses expeditious because it promotes quality to win over customers, which will lead to a greater chance of them achieving the objective of making profit. Whereas the public sector is composed of companies, that are controlled and maintained by the government. There are homogeneous attributes between the public and private sector, yet they are to a great extent exceeded by the number of differences and this essay will discuss the major differences between these sectors, which are: transparency, customer feedback, basis of
Task One E1 They type of businesses 1. Private and Public enterprise 2. Limited Liability 3. Franchising I will define each type of business with some advantages and disadvantages. For The Coca-Cola Company ... ...
Nonprofit and for-profit businesses have multiple similarities and differences. For-profit organizations are very different from non-profit organizations because the driving goal of a for-profit organization is increasing its revenue whereas a non-profit organization will not go out of business if it suffers financial loss or does not have a bottom-line. The marketing process also differs, with the biggest differentiating factor of profit marketing is to encourage customers to buy and while the nonprofit marketing purpose is usually to encourage people to give. This means that the return on investment differs between the two. Although the principles of marketing remain the same, some of the methods must, of necessity, be different. Because of the intense involvement in the community as well as support from government, agencies non-profit firms should not compete in the same markets as for profit companies nor in anyway position their organization in any way to give the impression that their efforts could be commercial based (Nelson, 2002).
The IASB ED does not differentiate between for-profit and non-for-profit entities. There-fore, considering the current existing reporting requirements for SMEs in Australia and the international definition, there is a significant
There are many different types of business structures, but if you own and operate a business that it is a sole
Coca-Cola realises that competing with other brands directly would be nearly self-destructing, so in order to compete they diversified their portfolio in different industries and developed these organisations to maximise profit, ultimately being more competitive (Vrontis and Sharp 2003). On the other hand, an instance where not-for-profits would implement different strategies to both a business and to each other would be in examples such as a cancer research institute versus a university society versus a homeless shelter. In these cases, the common ground of being not-for-profit is almost obsolete, since the function of each organisation is diverse and defined by the characteristics such as the level of professional commitment (Newman and Wallender 1978). In a cancer institute, it is likely that commitment would be at some of the highest levels, whilst in a university society the commitment levels may only be high in the executive position
The Different Ways Organizations Can Be Structured and Operated There are four major ways a company - organization can be structured and operate. P.C.G (o) Ltd I would dare say that is structured and operates with the functional structure. In order to make it clear and understandable I am analyzing here below the four ways that organizations can structure and operate. We will observe that all four structures have there advantages and disadvantages. In order also to assist you understand better the differences of the four ways that organizations can be structured see in Page 4 & 5 Figures 1,2,3 which are the layout of the organization charts for each structure: 1.
How a firm is managed will have a direct impact on how it gains, maintains, or loses its position in the marketplace. The strategies used often mean the difference between success and failure, particularly in today’s global economy. It is the goal of management to ensure that value is returned to the company for it efforts. Hitt (2015), Chapter 6, teaches the elements and workings of corporate level management. It explores how corporate level management executes it role to position the firm for a competitive advantage. This report discusses the features of corporate level management as taught by Hitt (2015) in Chapter 6. It uses as the basis for discussion an article by Winter and Jerrold (2011) on how the bear claw drywall repair clip was
Increasingly, not-for-profit organisations have taken to emulating the moneymaking practices of corporations. This trend has three primary causes: the decrease in funding from the public sector, the increase in competition for funds among an expanding number of not-for-profit organisations and the rise in funder pressure for not-for-profit organisati...
In New Zealand the biggest participants in creating the creating the tourism product are from the private sector, that is individual operators like airlines, accommodation chains, attractions and tour operators. These sectors have their own organizations. For example hotels are represented by the Hotel Association of New Zealand (HANZ). The sales sector has groups like the travel agents Association of New Zealand or the Inbound Tourism Organizations Council. In Turn they all feed into the New Zealand Tourism Industry Association (NZTIA). The NZTIA can then represent their interests to the New Zealand Tourism Board (NZTB) , which is the country's national tourism Organization, or the ministry of commerce, which is responsible for tourism legislation.
Any corporation that is established/regulated by the government. They are usually created to supply a need that the private sector is not (might not be profitable). Crown corporations exist to fill in the gaps that are left by the private sector of the economy. Tasks such as delivering mail are considered not profitable to private companies. However, since it is vital in the lives of citizens, the government has decided to step up and offer the service.
As demonstrated in figure 1, the IMIS is composed of sub systems that operate within the inter-ministerial arrangement. Through the establishment of an inter-sectors flow of information, the system links the Ministry of Higher Education with other government agencies that have interests in the higher educational sectors. The IMIS coordinates information resources and integrates the various sources into one harmonized system that serves the Ministry of Higher Education handling the high education matters.
7-Eleven Inc. is one of the leading chains in the convenience/ retail industry. 7-Eleven was founded in 1927 in Dallas, Texas. It is the world’s largest mover and expanded faster then any of the convenience store. It also has many stores with gas stations that are cheaper price then the competitors. (http://mbacase.blogspot.com) The name 7-Eleven was originated in 1946 because the stores were open from 7am to 11pm. 7-Eleven has changed vastly after they started offering customers service 24 hours and seven days a week. It has now become the one stop shop, where customers can get their products quickly. (http://franchise.7-eleven.com)