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Different types of organisations: Differences between for profit and not for profit and non-government organisations (NGOs) Micro, small, medium-sized enterprises (SMEs); Different business purposes,...

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Different types of organisations:

Differences between for profit and not for profit and non-government organisations (NGOs)

Micro, small, medium-sized enterprises (SMEs); Different business purposes, objectives and supply of goods and services

The range of legal structures associated with different forms of business: sole traders, partnerships and private limited companies.

Size and scope of organisations:

Differences between large, medium-sized and small organisations including objectives and goals, market share, profit share, growth and sustainability
 
Global growth and developments of transnational, international and global organisations;
Differences between franchising, joint ventures and licensing
 
Industrial structures and competitive analysis;

Market forces and economic operations e.g. scarcity and choice, supply and demand, income elasticity;



Answered 898 days AfterOct 07, 2019

Solution

Deblina answered on Dec 18 2021
73 Votes
Different Types of Organization
Difference between Profit, Not for Profit and Non-Government Organization
The organization that operates with the motive of maximizing profits and the only goal of the organization that focuses on making money is known as profit organizations. The owners of the organization decide the share of the allocation of profits. On the other hand, the not-for-profit organization focuses on operating itself without any business goals. The organizations exist to provide a particular service to the community and the rules of the organization for the distribution of profits to the owners.
The non-government organization is the organizations that are independent of the government authority for dominance whose primary mission is not the business purpose but it mostly focuses on issues like social cultural environmental educational and so on. These organizations rely on a variety of funding sources from private donations and membership dues to the government contribution. It focuses on designing and implementing development projects and defends or promotes a specific cause that seeks to influence public policy. A profit-making and a not-for-profit-making organization can be both public as well as private organizations. But non-government organizations are by definition organization that is independent of the government authority.
Micro Enterprises
Business Purpose
A microenterprise is a small business that sells goods or services and operates in a very small geographical location. The typical characteristics of such an organization are that it employs less than 10 people and is geographically restricted to a very small area. The micro-enterprise initially starts with very small funding which is known as microcredit or microfinance.
Objectives
The objectives of the micro-enterprise are:
· It aims to create large-scale employment in the economy and focuses on achieving the target with very limited finance and investment.
· It also has the objective to spread industries and business in an economically backward area which helps in the overall development of the economy.
· The objective of micro-enterprises also focuses on enhancing equality and promoting regional development.
· Micro enterprises also aim to improve the mobilization of an abundance of natural resources in a country.
Supply of Goods & Services
The supply of goods and services for the micro-enterprises are restricted only to a small geographical area as mentioned by its definition. The firm has a very less annual turnover and the goods and services supplied by the organization are restricted in a certain locality.
Small and Medium-Sized Enterprises (SME)
Business Purpose
SMEs are small and medium-sized enterprises are defined as those company that operates with less than 50 employees to 250 employees. These organizations are significant for economic and social purposes and help to boost the employment rates in the economy (Gaitán, 2019). Businesses usually maintain revenues, assets, and the number of employees below a certain threshold. It is evident to note that different countries have different definitions of small and medium-sized enterprises.
Objectives
The major objectives of the small and medium-sized industries are:
· To reduce unemployment through the generation of new employment opportunities.
· To increase the income of the people through self-employment indigenous resources and technology.
· To generate employment through entrepreneurship development.
· Discourage influx of rural people to the u
an areas through rural industrialization and economic development.
· It also focuses on encouraging geographical dispersal of industries and ensures balanced regional development.
· Promotes subcontracting linkages among various types of large, medium, and small-scale enterprises.
· To encourage the production of export-oriented and import substitute products through the promotion of small agro-based industries and small manufacturing industries.
· To increase the contribution of the SMEs sector to GDP.
Supply of Goods & Services
The supply of goods and services by the small and medium scale industry is not...
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