Entity Types - Which one is best for business? A sole proprietorship automatically exists whenever you are engaging in business by and for yourself, without the protection of an LLC, Corporation or Limited Partnership. Your kids selling lemonade on the street is a sole-proprietorship.
Assignment title A1 of 2 Difference Businesses and Its Purposes Knowledge of how businesses operate is important when understanding what they are trying to achieve.
Organisations will have aims and objectives that vary and these are influenced by different factors such as the type of ownership it has, the sector that it operates in, the activity that it carries out and who its stakeholders are.
The Union of Myanmar Federation and Chamber of Commerce and Industry UMFCCI have just visited your college and have provided you with a new challenge of writing a report on researching information for an article for their newspaper, it is aimed at people wishing to start their own business, some have no knowledge about business at all.
Carry out an investigation into two contrasting types of business organisations from different sectors you could choose one in the private sector and one in the public sector or voluntary sector.
Your report should focus on: Business activity, for example, local, national, international or global Business sector Business purpose Ownership of the business You should not spend too much time on the history, but it may be helpful to give a brief introduction showing how and why the business was set up, and how it has changed to become what it is today P2 — Describe the different stakeholders who influence the purpose of two contrasting organisations The Chamber of Commerce visitor was pleased with the information you have produced for task one and would now like you to complete the research for a section identifying who and why stakeholders are important to your chosen two organisations.
Who the main stakeholders are in the two businesses How are stakeholders influenced by the business? How is the business affected by the stakeholders?
You should read the company reports or other literature or interview them at the business P3 — describe how two businesses are organized You are also requested to produce an organization chart of each for two organisations P4 — explain how their style of organization help them to fulfil their purposes You need to compare the span of control of two managers of different departments of each organization by using their organization charts.
Why do you think that their span of controls are different? Which individuals within the organization have the greatest span of control? Why do you think this is? You should use the same investigation method in above Task 2 M1 This covers the M1 criteria — Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations You impressed the visitor from the Chamber of Commerce and are now on work experience.
Your supervisor wants to ensure you learn as much as you can whilst you are with them, one of the most important things according to him, is understanding the influence of stakeholders.
He has given you a number of tasks to complete: In an informal report, explain in detail: How each stakeholder will try to influence the strategic aims and objectives for each of the organisations investigated in task one. Explain the goals of the stakeholders with regard to the organisations chosen.
Discuss how these goals will influence the long term aims and objectives of each organisation. Consider whether there are any conflicts of interest between the different stakeholders within each organisation and the achievement of strategic aims and objectives M1 Task 3 D1 This covers the D1 criteria- Evaluate the influence different stakeholders exert in one organisation You have completed the report and have it ready to give to the supervisor, when your tutor from college comes in for a visit.
You are pleased to find out that the work placement officer has nothing but praise for you, but you are also told that your tutor has suggested an additional section to the report task. Complete an additional section to the report produced for Task 1 that evaluates the influence the various stakeholders exert in one particular organisation.
You can choose a different organisation for this task but please make sure you research thoroughly and use a variety of sources showing that you can: Assess how valid the sources of information used Argue both sides, with valid reasons Conclude with a value judgement on how much each stakeholder has actually influenced the organization D1 Sources of Information: Ensure that authenticity declaration has been signed.
This is an individual assignment. Content sheet with a list of all headings and page numbers. A fully typed up professionally presented report document. Use 12 point Arial or Times New Roman script.
Your assignment should be word-processed and should not exceed from 2, to 2, words in length.
Use the Harvard referencing system. The assignment should contain a list of any references used in the report. Late assignments may not be accepted.
Ensure that you give yourself enough time to complete the assignment by the due date. Do not leave things such as printing to the last minute — excuses of this nature will not be accepted for failure to hand-in the work on time.
You must take responsibility for managing your own time effectively. If you are unable to hand in your assignment on time and have valid reasons such as illness, you may apply in writing for an extension.
If you are caught plagiarising, the College policies and procedures will apply.Unit 1 (P1) - Describe the type of business, purpose and ownership of two contrasting businesses.
This is the first Pass criteria for Unit 1. The purpose of this assignment is to describe the type of business, purpose and ownership of two contrasting businesses.
If your business will be owned and operated by several individuals, you'll want to take a look at structuring your business as a partnership. Fabiha Khan Unit 1- business environment P1: Describe the type of business, purpose and ownership of two contrasting businesses Assignment- P1 In this assignment I will describe the type of business, purpose and ownership of two contrasting business.
I will be outlining different ownership for two different businesses.
investors and developers on tax issues arising out of the ownership and operation of real estate, including certain tax credit advice. and “business purpose” Variations on the “Type A”. Type of Business P1 – Describe the type of business, purpose and ownership of two contrasting business Help for heroes is a charitable company that was founded by Byrn and Emma Parry in , they started Help for Heroes.
Small Business Planner: Forms of Business Ownership from the U.S. Small Business Administration explains the three broad forms of business ownership plus their advantages and disadvantages. Unlimited partnerships and S-corporations are also discussed.