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External organisations

Businesses come into contact with a range of external organisations, including: CompetitorsSuppliers of services e.g. transport and communications suppliersProviders...

Vision

Thevision of a company is an outline of what that company wants to achieve. A vision needs to promote aspiration and inspirestakeholders, both...

Ownership

The owner of a business is the person who owns the business - i.e. has put the financial capital into the business...

Types of businesses

The main types of business organisation in the private sector are illustrated in the chart below:

Types of business organisations

Types of business organisation The main types of business organisation in the private sector in the UK are: