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  • Essay / The objectives of different types of business organization

    The objectives of different types of business organization.Business organization: A group of people organized to earn profits collectively is known as of business organization. For example, Unilever Ltd and Lindum Group. Objectives: Most business organizations aim to make a profit by proving products or services. This is the fundamental objective of a business organization. But depending on the type of organization, the purposes may differ slightly. Here, I've looked at three main types of business organizations and their purposes. Public Sector Organizations: These types of business organizations are managed and operated by the government (Tutor2u.net, 2013). Different types of taxes collected from the population constitute the main sources of financing for public bodies. These organizations are not for profit. The basic objectives are: To provide essential public services like schools, hospitals, etc. To ensure mass welfare. To protect the country from enemies. To increase industrial development. organization: A business organization owned and operated by an individual is called a private sector organization (Daft and Kendrick et al., 2010). This sector includes sole proprietorships, partnerships, franchises, limited liability companies, public limited companies, etc. In this section, I have selected two organizations and presented their goals. Objectives of Unilever Ltd: To conduct operations with honesty for the welfare of people, organization and environment. To create a positive image through business operations, brands, voluntary contributions and various other means. (Unilever, 2012) Establishing good relationships...... middle of paper...... Fund.Daft, Kendrick & Vershinina, 2010. Management. Andover: South-Western/Cengage Learning. Dlabay & Scott, 2011. International trade. Mason, OH: South-Western Cengage Learning. Dlabay & Scott, 2011. International trade. Mason, OH: South-Western Cengage Learning. Kreitner, 2009. Management. Boston: Houghton Mifflin Co. Lindum Group, 2012. Annual Report and Accounts. Mceachern, 2012. Economy. Mason, OH: South-Western Cengage Learning. Samson & Daft, 2012. Management. South Melbourne, Vic. : Cengage Learning. Samuelson & Nordhaus, 2010. Economics. New Delhi: Tata McGraw Hill.Tutor2u.net. 2013. Business organization - Introduction to corporate culture. [online] Available at: http://www.tutor2u.net/business/organization/publicsector_intro.htmUnilever, Annual report and accounts 2012. Vincent, 1997, “Financial management”, in Practical management manual.