1.2 Types of Organisation

	Assessment Objectives
Types of organisations	Distinction between the private and the public sectors Private: comprises businesses owned and controlled by individuals or groups of individuals Public: Comprises organisations accountable to and controlled by central or local governments	AO2
For-Profit Commercial	The main features of for-profit (commercial) organisations: Sole traders: Run unincorporated business on their own (small businesses often services) Partnerships: Association of more people carrying on the business. Unlike an incorporated company, a partnership doesn't have "legal personality" of its own (meaning Partners are liable for any debt of the business) Companies/corporations: Confers life on the business as a "separated legal person". Profits and debts are companies	AO3
For-Profit Social	The main features of the following types of for-profit social enterprises: Cooperatives Microfinance providers Public-private partnerships (PPP)	AO3
Not-for-Profit Social	The main features of the following types of non-profit social enterprises: Non-governmental organisations (NGOs): A legally constituted body with no participation or representation of any government Charities	AO3

Business Structures

• Business Organisation: Introduction to Business Ownership – an introduction to business legal structures.

• Advantages/Disadvantages of Commercial Businesses – a compilation of the advantages and disadvantages of commercial businesses.

• Choose a business structure – the US Small Business Administration outlines the main features, advantages, and disadvantages of various organisations.

Public-Private Partnerships

• A Quick Introduction to Public-Private Partnership – a video giving a quick introduction to public-private partnerships.

• What is a Public-Private Partnership (PPP)? – a video where the World Bank defines public-private partnerships.

Social Business

• Introducing Yunus Social Business – a video explaining the Yunus Social Business.

• The case for letting business solve social problems – a TED talk by Michael Porter about why business can be good at solving problems.

• Muhammad Yunus: Social Business – Professor Yunus explains social business.

• Yunus Social Business – the Yunus social business website.

Finance

• CGAP – this is a global partnership of 34 leading organisations that seek to advance financial inclusion of the poor.

• What is microfinance? – Kiva is a non-profit organisation that explains microfinance.

• Bit loans – The Economist on microfinance.

• Reaching for a longer spoon – The Economist on business and NGOs.

• The IPO Process – and Why Companies Are Bypassing it in 2021 – an explanation of the IPO process and going public.