What are the differences between them? The two main types of legal structures are incorporated and unincorporated. The difference between these is that organisations that are in corporate are officially registered as a company, and those that are incorporate can be set up as a private company, or trust cooperative. Textbook activities: 2.1: Fish and chips shop, local bakery, antique shop, coffee shop, barber. 1.
It also is the market leader in Malaysia, Republic of Ireland and Thailand. . The stakeholders who influence the purpose of these contrasting organizations. A stakeholder is an individual or group with an interest in the success of an organization in delivering intended results and maintaining the viability of the organization’s products and services. There are internal and external stakeholders in every organization.
Not-for-profit hospitals also have access to tax-exempt bond financing and have tax-deductible status for gifts and contributions (Barton, 2010) According to Heleni Smith private hospitals can classify as profit or non-profit, however nonprofit makes up the majority of hospitals in the United States. The regulatory rules are what separate the two. Nonprofit are not required to pay property, sales or income taxes. On the other hand in spite of their differences they are becoming similar as
Proprietorship has three important advantages: it is easily and inexpensively formed; its subject to few government regulations and; its income is not subject to corporate taxation but is taxed as a part of the proprietor’s income. Limitations include: difficulty obtaining capital needed for growth; having an unlimited personal liability for business debts can result in losses that exceed the money invested in the company and; life of a proprietorship is limited to life of its founder. For these reasons sole proprietorship is used mainly for small businesses. A partnership exists when there are two or more persons or entities associate to conduct non-corporate business for profit. Partnership agreements define the ways that any profits and losses are shared between partners.
There are important disadvantages to this business form, too. For example, a sole proprietor is legally responsible for the business’s contracts and the torts he or she or any of his or her employees commit in the course of employment. In addition, a sole proprietor’s access to the business’s capital is limited to personal funds plus any loans he or she can obtain A sole proprietor bears the risk of loss of the business; that is, the owner will lose his or her entire capital contribution if the business fails. In addition, a sole proprietor has unlimited personal liability (Cheeseman, 251, 2012). General partnership, or ordinary partnership, A general partnership, or partnership, is a voluntary association of two or more persons for carrying on a business as co-owners for profit.
Evaluating leadership effectiveness is vital in every organization. All businesses can have leadership but it does not make them effective leaders. Two ways to determine effective leadership is goal achievement and the support of followers. Leaders can have delayed or immediate influences on both factors. For example, policy changes causes can create immediate results.
According to Gerri Knilans, President of Thousand Oaks, “the primary reason many mergers and acquisitions do not deliver longer-term value is because they lack a strong cultural-integration plan.’ Business Process Integration Conjecture Corporation (2012) believes: “The concept of business process integration can aid in making sure that customer’s orders are processed, executed, and billed with relative ease, simply by establishing connections between all relevant systems. By effectively using business process integration to establish connections between internal systems, businesses can often manage tasks with a greater degree of speed as well as accuracy (http://www.wisegeek.com/what-is-business-process-integration.htm). CEMEX prides itself on having a “vertically integrated portfolio of cement, aggregates, and ready-mix concrete”
Corporations are probably the most influential institutions in the world today and yet many people do not believe that they can be trusted. Instead corporations are widely perceived as greedy, selfish, exploitative, uncaring-and interested only in maximizing profits. And who can blame them? In the last century, huge ethical lapses on the part of big business came to light including scandals at Enron, Bank of America, WorldCom, the New York Stock Exchange, Tyco and AIG. This case takes a look at how Whole Foods vision, strategy and core values not only help them maintain a competitive advantage but that it also allows them to positively contribute back into society as a
However, because his leadership success is not mutually exclusive, his followers and the important situations that define his career will be addressed. Richard Branson, the CEO of Virgin Group, has a management style that draws criticism and praise in almost equal measure. First, he has no real office or headquarters for his large business empire and rarely calls meetings of directors. In addition, he has no unique computer skills that many other 21st century self-made billionaires boast. However, he has special leadership and motivational skills that hold his business together and brings out the best in his staff.
In this assignment I am going to describe two types of business organisations and the purposes of it. Also I am going to describe the form of ownership and the different stakeholders who influence the purpose of the organisation. The two businesses I will be describing are Tesco and McDonalds. Name of organisation: McDonalds Type of business: McDonalds is a PLC. They are under the private sector.