Different Types of Organizations
Public and private sector organizations
• private sector: businesses owned and controlled by individuals or groups of individuals.
• public sector: organizations accountable to and controlled by central or local government (the state).
Often provide essential goods and services for people.
• Privatization: the sale of a public-sector organization to the private sector.
For-Profit organizations
the three main types of organizations are:
• sole traders
• partnership
• companies/corporation
Most businesses that operate in the private sector aim to make a profit. A business can only survive if it is
profitable.
For profit-social enterprises includes
• cooperatives
• microfinance providers.
• public-private partnership (PPP)
A social enterprise has objectives that are different from those of an entrepreneur who is only profit motivated. It is
a business with mainly social objectives that reinvests most of its profit into benefiting society rather that
maximizing returns to shareholders.
They have three main objectives:
• economic—to make $ to reinvest back into the business or provide return for its owners.
• social— to provide jobs or support of local, often disadvantaged communities
• environmental—to protect the environment and to manage the business in an environmentally sustainable
way.
Non profit social enterprises.
• non-governmental organization (NGO)
• charities
Private Limited Company: is a company that cannot raise share capital from the public. Shares are sold to
private family members. Minimum people required are 6 and maximum 50. The business has the word
“Limited” or the letters “LTD” after its name.
Firms Objectives
A mission statement is a way of defining briefly and
the reason for the business’s present existence.
Goggle: to organize the world’s information and make it universally accessible and useful.
A vision statement defines where the company sees itself moving to in the future.
Ford: our vision is to become the world’s leading company for automative products and services.
Common business Objectives
Public and private sector organizations
• private sector: businesses owned and controlled by individuals or groups of individuals.
• public sector: organizations accountable to and controlled by central or local government (the state).
Often provide essential goods and services for people.
• Privatization: the sale of a public-sector organization to the private sector.
For-Profit organizations
the three main types of organizations are:
• sole traders
• partnership
• companies/corporation
Most businesses that operate in the private sector aim to make a profit. A business can only survive if it is
profitable.
For profit-social enterprises includes
• cooperatives
• microfinance providers.
• public-private partnership (PPP)
A social enterprise has objectives that are different from those of an entrepreneur who is only profit motivated. It is
a business with mainly social objectives that reinvests most of its profit into benefiting society rather that
maximizing returns to shareholders.
They have three main objectives:
• economic—to make $ to reinvest back into the business or provide return for its owners.
• social— to provide jobs or support of local, often disadvantaged communities
• environmental—to protect the environment and to manage the business in an environmentally sustainable
way.
Non profit social enterprises.
• non-governmental organization (NGO)
• charities
Private Limited Company: is a company that cannot raise share capital from the public. Shares are sold to
private family members. Minimum people required are 6 and maximum 50. The business has the word
“Limited” or the letters “LTD” after its name.
Firms Objectives
A mission statement is a way of defining briefly and
the reason for the business’s present existence.
Goggle: to organize the world’s information and make it universally accessible and useful.
A vision statement defines where the company sees itself moving to in the future.
Ford: our vision is to become the world’s leading company for automative products and services.
Common business Objectives
