Nature of Business Case Study:
Nature of business is the broad issue which defines to what sector the definite business belongs. It is obvious that every organization belongs to different sorts or types which differ according to their structure, field of activity and type of production.
The first sector is the statutory sector which is aimed at the supply of people with the authority services, which can be observed in the public and personal care about the problems of various people.
The second sector is the voluntary sector which is characterized with the non-profit approach towards the work and very often the business is associated with free voluntary work and charity. It is natural that such organizations are highly respected in the society and they are financed by individuals and government.
Voluntary service touches upon various occupations like teaching, nursing, legal consultation, etc – the services suggested by the professionals in different spheres who want to share their knowledge and advice for free. The third sector is the private sector of business and it is associated with total focus of the company’s activity of profit. This sector is the most widespread one and the majority of organizations belong to the private ones working hard for the constant and gradual increase if their income. Of course, there are other explanations of the problem on nature of business and they are connected with the simple explanation of the sphere or the field of activity of the business, for example, marketing, retail business, industry, software, food services, hotel and recreation business, etc. The second approach towards the explanation of the issue is a more scrupulous one, while the first one touches upon the global or general understanding of the nature of business.
Nature of business is the explanation of the sector or the field of activity to which belongs the definite business. The person who is interested in the matter on nature of business can succeed in writing of the quality case study illustrating the details of the case and the peculiarities of the suggested problem. The student should observe the case site, the type of business, learn something about the structure and kind of production of the business and think about the cause and effect of the problem and its professional solution.
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