In this investigation I'm going to be studing Cosignia - The Post office.

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 Introduction:in this investigation I’m going to be  studing Cosignia which is a public limited company (Plc)  and Choice Fm which is a Private Limited Company (Ltd). They both belong in the Private Ownership.

There are two types of Ownership. Private Ownership and Public Ownership.

Private Ownership

Most organisations in the UK are privately owned. This means they are owned by the individuals rather than the state or government. There are four main type of privately owned organisation;

  1. Sole traders-the smallest type of business activities.
  2. Partnerships-where two or more people jointly own the business.
  3. Private limited companies-the smallest type of built-in activities.
  4. Public limited companies-the largest type of privately owned business.

In addition there are two other types which are rather less common:

  1. Franchises- where a large organisation allows an enterprenteur to sell their goods and use their name, for a fee and a share of their profits.
  2. Cooperatives-where a group of people as a group operate a business and share the incomes or looses.

Public Ownership

The pulic sector in Britain relates to all the institutions and organisations which are owned and run by the state

There are three main industrial sectors
  • The Primary Sector-includes businesses that provide raw goods,e.g. farming.
  • The Secondary Sector-includes manufacturers of customer and industrial goods, e.g. makers of carpets.

         The Tertiary Sector-includes providers of services to businesses and to   individuals.

My business belongs to the Tertiary Sector. This business has steadily increased in size. Over all output and employment have steadily increased for many years although the two are not always directed related. In banking, for instance,many jobs have been lost because of mechanization and changes in working practices.

A public limited company  is a limited company in the public part. These enterprises are easily identified because they have the initials ‘PLC’ after their name. It is owned by shareholders from the public, so shares are sold on the stock Exchange. The company is run by a board of directors who are elected by shareholders. A PLC must have more than £50,000 in the paid-up share capital before it can be floated on the Stock Exchange and also needs a good finical track record. However not all plcs choose to a listing on the Stock Exchange. In this case, they are known as unlisted plcs.

Functional Areas within the business.

In a large organisation, people with the same type of jobs work together in functional areas. These are areas which correspond to maintain functions and all have a exact purpose. Each functional areas operates to support the business ‘s aims and objectives and a range of activities goes on in each one. How the functional areas cooperate with one another is important. For a business to be efficient and effective,there must be close links between the people who work in different functional areas, especially when their activities overlap. The main functional areas are;

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  • Human resources
  • Finance
  • Administration
  • Production
  • Marketing and Sales
  • Customer business.

In my business, the functional areas are:

Human Resources

The purpose of the human resources function is concerned with the employee who works for the organisation. The activities of the human resources staff are involved in specific activities. These include:

  • The recruitment, retention and dismissal of staff
  • The training, development and promotion of staff.
  • The monitoring and maintenance of good working condition.
  • Health and safety.

The advantages of being a public limited companies are:

  • The major benefit is hugely increased resources as many as ...

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