...management. Without customers, there is no business. So the main purpose of the business organization is to serve and satisfy its customers. The organization’s vision statement provides the future state of the organization to strive to reach. With the good leaders in the organization, it will create synergy and vision. An organisation is an organized group of people with a particular purpose, such as a business or government department. A business organization is an individual or group of people that collaborate to achieve certain commercial goals. Some business organizations are formed to earn income for owners. Other business organizations, called nonprofits, are formed for public purposes. These businesses often raise money and utilize other resources to provide or support public programs. Here are some examples of organisations. • A multinational car manufacturer (eg Toyota) • A local authority • An accountancy firm (eg Ernst and Young) • A trade union (eg TUC (trade union congress) • A charity (eg Oxfam) • An army An organisation is an organized group of people with a particular purpose, such as a business or government department. A business organization is an individual or group of people that collaborate to achieve certain commercial goals. Some business organizations are formed to earn income for owners. Other business organizations, called nonprofits, are formed for public purposes. These businesses often raise money and utilize other resources...
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...are beyond the control of business enterprise. These external factors are government factors, legal factors, physical factors and demographical factors. External environment or factors are also two types, micro environment and macro environment. Micro environment consist of suppliers, customers, market intermediaries, competitors and public. Micro environment is also known as operating environment. Another external environment or factors macro environment consists of non-economic environment, political environment, technological environment and socio-cultural environment etc. Business environment has some typical characteristics. It is a constantly changing system. Both short term and long term impact works on business environment. One of the most important characteristics of business environment is uncertainty. Task1 1(a) Identify the purposes of different types of organization There are many different types of organization in our socio-economic life. One organization is different from another organization. They are mission, goal, objective all are different. Some organization purpose is to earn profit, some are non-profit, some are built for mankind etc. let us discuss this different types organization and their purpose. Private organization: The purpose of a private organization is to produce quality products at low cost and become a renowned brand and a market leader. However their...
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...What are the main reporting options available to government colleges and universities? Do they have to prepare fund statements? Explain. Universities are permitted to prepare financial statements the same way corporations report special purpose entities. In other words they can report business type enterprises as SPI’s and not report the funds in fund statements. Public colleges and university must follow GASB pronouncements like other governmental institutions. They are allowed to follow the same reporting requirements as other special-purpose governments with a loophole that requires a choice in reporting. They can report as a special-purpose entity engaging in business-type activities only, governmental-type activities only, or both. The main sources of revenue for public institutions are state appropriations and grants. The AICPA reporting model is widely used. Public colleges and universities must use the same FASB standards as other NFP entities. Governmental universities use the GASB statement no 34 to report business type activities. They use government-wide statements but do not use fund statements. They use a full accrual basis and report in consolidated financial statements. The government colleges and universities only engaged in governmental activities must present a fund statement using the structure specified in GASB statement #34. The main reporting options for government colleges and universities according to statement no. 34 states that “a government...
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...2. LO1 UNDERSTAND THE ORGANISATIONAL PURPOSES OF BUSINESSES 2.1 PURPOSES OF DIFFERENT TYPES OF ORGANISATION (P1.1) Different types of organizations have their own business policies, structure, and strategies and so are their purposes. So, whatever the business organizations there must be some specific purposes for which the organization was established (Nordhaus, 2009). The major organization’s types are sole proprietorship, partnership and corporation. The following organizations are analysed to find out their business types and purposes; a) Virgin Group LTD: Virgin Group LTD is a private limited company established in 1970 in UK. The purposes of this business organization are to raise the capital through the issuance of shares not exceeding total number of 50 shareholders. Here, another purpose of this business is to operate the business in such a way so that none can take over the company easily. There are some restrictions and legal rules for the shareholders like the shareholders cannot public trade their shares to others (Allen, 2001). b) Tesco PLC: Tesco PLC is a public limited company established in United Kingdom by Jack Cohen. Though the organization was at first established as the sole proprietorship company but it has been public limited company. The purpose of a public limited company is to increase a lot of capital through the capital market. Here, when the size of the organization becomes too high and the company has a good growth rate then it becomes difficult...
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...companies; this can be your choice. The purpose of the article is to contrast two businesses in respect of their business purpose, ownership type, organizational structure and their strategic planning; the newspaper wants to help readers understand more about businesses. The second business must be a contrasting business from the first. Task 1: (P1) P1: Describe the type of business, purpose and ownership of two contrasting businesses. • One of the businesses has to be profit making • The second business should be not for profit and operate on a different size to the first. • You should set it out as a written guide for readers of the newspaper. You must consider the following; Range of different businesses: local; national; international; global; public; private; not-for-profit/voluntary; sectors of business activity (primary, secondary and tertiary) Business purposes: supply of products or services; difference between profit and not-for profit organizations. Ownership – public, private and voluntary sectors; types of ownership, e.g. sole trader, partnership, private and public limited companies, government departments, governments agencies, worker cooperatives, charitable trusts; main implications of different types of ownership on business (extent of liability, limitations to operations for public and charitable organizations). Task 2: (P2+M1+D1) P2: Describe the different stakeholders who influence the purpose of the two contrasting businesses...
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...description of typical patterns of discourse organization that hold for the entire corpus. This approach is applied specifically to a methodology that is used to analyze texts in terms of the functional/communicative structures that typically make up texts in a genre: move analysis. The resulting corpus-based approach for conducting a move analysis significantly enhances the value of this often used (and misused) methodology, while at the same time providing badly needed guidelines for a methodology that lacks them. A corpus of ‘birthmother letters’ is used to illustrate the approach. Biber et al. (2007) explore how discourse structure and organization can be investigated using corpus analysis; they offer a structured, seven-step corpusbased approach to discourse analysis that results in generalizable descriptions of discourse structure. This article draws on the themes in this book, but focuses in particular on analyses that use theories on communicative or functional purposes of text as the starting point for understanding why texts in a corpus are structured the way they are, before moving to a closer examination and description of the linguistic characteristics and overall organizational tendencies reflective of the corpus. Biber et al. (2007) refer to this as a ‘top-down approach’ to the analysis of discourse structure. (In a bottom-up approach, the lexical and/ or form-focused corpus analysis comes first, and the discourse unit types emerge from the corpus patterns. See Biber...
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...conditions institutional, political, economical, legal or social that is uncontrollable and affects the functions of the organization. Business environment consists of two components: external environment and internal environment. Internal environment includes of 5 M’s like management, money, machinery, material and man. On the other hand, External environment consists of demo-graphical factors, socio-cultural factors, political factors, geo-physical factors, government and legal factors. 5. Understand the organizational purpose of business 1.1 Identify the purpose of different types of organizations There are different types of organizations and mainly all kinds of organizations are divided in three sectors: public sectors, private sectors and voluntary sector organizations. The purposes of those organizations are not same. Public sector is owned and run by the government for the people. People pay taxes to the government and this money is used to finance most of the public sectors. The main purposes of public sectors organizations are to provide essential public services and to use resources well for the benefit of the community. Private sector businesses are owned and run by private individuals. Examples of private sector businesses are franchises, companies (private and public), partnership and sole traders. Purposes of private sector organizations are making profit, growing their business, increasing market share and maximize sales. Voluntary groups are not owned...
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...[pic] Business Process Integration – I Exercises ECC 6.0 Modified August 2009 Unit 2: Customer Order Management Business Cycle Including Procurement Process for Replenishment of Goods |Purpose of Unit | |The purpose of Unit 2 is to demonstrate the Customer Order Management Business Cycle beginning with a quotation and ending with recording | |final payment received from the customer. This process will include the procurement cycle as you will need to procure the items for sale. | Exercise 1: Logging on to the SAP System Enter the following: ➢ Select server name provided by the course lead ➢ Click on [pic] ➢ Client number provided by course lead ➢ User ID (e.g., User-100) provided by course lead ➢ Password (e.g., init) provided by course lead ➢ Select EN as the language ➢ [pic] (Enter) Once you have pressed enter, the system will prompt you to change your password the first time you log on to the system. The following pop-up screen will appear. Enter your new password Repeat your new password Select [pic] (Enter) This will log you onto the system. The following page is a screen shot of the SAP Easy Access Menu you should see if you have been successful. If you can not get logged on to the system...
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...Financial Statements Leslie Johnson January 31, 2010 ACC/280 Principles of Accounting Accounting is a systematic proocess that identifies, records, and communicates the economic events of an organization to interested users (Weygandt, 2008). The financial information gathered is used to determine a company’s financial status and provide reports and insights needed to make sound financial decisions. The purpose of accounting is to provide economic financial information for investor, creditors, and other external users. Accounting identifies and records all activities that effect the organization financially. Accounting is a means of communicating the numbers. The three basic activities in accounting identify, records, and communicate the economic events of an organization to interested users (Weygandt, 2008). One example of an economic event is telephone service is provided by Verizon. Once the company has identified the economic event, it is recorded in order to provide a history of the organizations financial activities. The accounting process includes the bookkeeping function that usually involves only the recording of economic events (Weygandt, 2008). Collectively, accounting involves the entire process of recording, identifying, and communicating economic events. Management uses accounting information in planning, controlling, and evaluating business operations. Other groups that use accounting information are tax authorities, regulatory...
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...Recording, Analysing and Using Human Resources Information Why an organisation needs to collect and record HR Data Organizations needs to collect HR data for a number of reasons, this can include but is not limited to: 1. Compliance; with legal or industry requirements. For example, organizations are required to keep a copy of an employee’s documents such as a passport to prove that an employee is eligible to work in that particular country. 2. Administration: A system needs to be in place to be able to store information about your employees to enable you to communicate with them, run payroll etc. Almost all organizations will collect this sort of data in one form or another, (paper based or electronic). The real value for collecting data on employees is to enable HR teams to analyse the data, make predictions based on the analysis and ultimately take the relevant action. Different types of Data collected by HR There are many types of data collected by HR, these can include but again is not limited to: 1. Absence Data; this would be collected to determine the below: Are there any employees that have taken an excessive number of sick days? Who are they? Does this require any intervention? How many days holiday has an employee taken? How many have they got remaining? Do they have enough holidays left to cover their latest request for leave? Is there likely to be a backlog of holiday requests towards the end of the year? 2. Recruitment; this would be collected to...
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...Overview Rewards and punishments are failing us as motivators, declares Pink. Encouraging autonomy, mastery and purpose in personal and professional settings will lead to more productive, creative, and ultimately fulfilling lives. Part One: A New Operating System Chapter 1 questions the traditional view of human motivation that rewards pushing people to perform better and work harder. Pink explains that people have operating systems--the first, Motivation 1.0, is the biological drive to survive, and the second, Motivation 2.0 (M2), is driven by extrinsic motivators. Pink then describes organizations’ limited attempts to improve M2 by fostering environments for employees to grow and gain more autonomy. Pink describes how M2 is increasingly incompatible with how we organize what we do, how we think about what we do, and how we do what we do. He describes how organizations are morphing into entities that allow for a mix of goals rather than segregated by for-profit and not-for-profit. He describes how humans think irrationally, contrary to what economists may believe. Finally, Pink describes how people need to be intrinsically motivated in order for our motivational operating system to function. In Chapter 2, Pink discusses the negative consequences of utilizing carrots and sticks, à la M2, to encourage certain actions or results. Firstly, carrots and sticks have the potential to diminish intrinsic motivation, which is driven by passion, pleasure, and interest in a certain...
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...Introduction Today’s technology has offered business organizations multiple methods to communicate. Some forms of communications are more effective than others. Communication is one of the most important elements of a successful business. When writing a business communication it is crucial that you know who the members of your audience are and communicate with the visible purpose. Effective communication achieves its objective to persuade, respond or gain information by considering the style, format, purpose, organization and by tailoring the communication style to meet the audience requirements. Purpose Learning Team A was given five different accounting scenarios with limited amount of information on the JJJ Company, Riordan Mfg, Ad hoc Committee, CEO and the employees. Each team member was assigned a role from the accounting scenario and instructed to write and effective communiqué based on that roles. The communiqués could be n the form of a formal memo, email, power point, and text message. The types of communiqués were based on the information, i.e., formal, informal, long report, short report format, email, power point presentation, or memo, etc. Then each team member had to evaluate the business communication written by the other members and determine its effectiveness by using the following questions as a guide. 1) How well did the communication convey the intended message? 2) Would another type of communication have been more appropriate? Why? 3) Is the...
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...SERVICES FOR OPTIMUM DEVELOPMENT OF ALL CHILDREN. FOLLOWING THE BIBLIOGRAPHY, A PARTIAL LIST OF INDIANA REFERRAL AGENCIES FOR ELEMENTARY SCHOOL PERSONNEL IS PROVIDED. (SK) INDIANA STATE DEPARTMENT OF PUBLIC INSTRUCTION GUIDANCE in the ELEMENTARY SCHOOL by Rolla F. Pruett Karen Whiteman William E. Wilson Superintendent Bulletin No. 251 January, 1967 CG 000 146 INDIANA STATE DEPARTMENT OF PUBLIC INSTRUCTION GUIDANCE in the ELEMENTARY SCHOOL by Dr. Rolla F. Pruett Director, Division of Pupil Personnel and Guidance Services Karen Whiteman Field Supervisor, Elementary School Guidance U.S. DEPARTMENT OF HEALTH, EDUCATION & WELFARE OFFICE OF EDUCATION REPRODUCED EXACTLY AS RECEIVED FROM THE ORGANIZATION ORIGINATING IT. POINTS OF VIEW OR OPINIONS STATED DO NOT THIS DOCUMENT HAS BEEN PERSON OR NECESSARILY REPRESENT POSITION OR POLICY. OFFICIAL OFFICE OF EDUCATION Bulletin 251 January, 1967 Table of Contents I. The Guidance Function in the Elementary School_ Introduction Definition of Elementary Guidance Philosophy of Elementary Guidance...
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...Nonprofit organizations are tax exempt businesses that have as a main purpose provide free or low cost services to the population. The Internal Revenue Service (IRS) provide the tax exempt status to Charities organizations. The fiscal code that the IRS use to protect these organizations is the 501(c) (3). Under this code, these type of business are not allow to obtain profit through their services or activities they deliver. Also, if the case is that nonprofit obtain revenue, they are obliged to spend that extra money in the organization through incrementing services or activities. Under this 501 (c) (3) code, this protection is legally, because these business must obtain their financial resources from public and private donations, grants, and contracts....
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...System must be valid and accurate so the organization can take an accurate decision. An example of valid and accurate information is gathering the information directly from the person that produces the information, instead of a third-party. If the Wonder Land Resort wants to analyse their revenue for the year, they’ll gather the information from their financial team instead of a third-party. Since the financial team is within the company and is a trusted source. Accuracy The information that I’ve produced is gathered from a very reliable source, which I have confidence in. To validate the information, I researched multiple websites and spreadsheets to find out whether the information I’ve gathered is similar....
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