Organizations fall into several types, for example; Public Sector, Private Limited Companies, third sector or voluntary/not-for-profit, and sole traders. You are required to explain how these different organizations are governed. Complete the table below to list the type of organization and your explanation as to how each one is governed.
Type of Organization | Governance Explanation |
---|---|
Public Sector | Public sector organizations are governed by governmental bodies or agencies that oversee operations, policies, and funding. |
Private Limited Companies | Governed by a board of directors and shareholders, with legal obligations to adhere to company law and regulations. |
Third Sector | Governed by trustees or a board of directors responsible for overseeing the organization`s activities and adherence to its mission. |
Sole Traders | Governed solely by the individual owner, who has full control over business decisions and operations. |
The behaviors you display will impact your team either positively or negatively, so it is important to understand your organization’s culture. You are required to explain the factors which influence an organization’s culture.
An organization`s culture is influenced by various factors that shape its values, norms, and behaviors. These factors include:
Many organizations will have a vision and values as well as a mission statement, but there is a difference. Consider how these offer inspiration and focus for you and your team. You are required to explain the purpose of the organizational mission, vision, and value statements.