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Managing in and Beyond Corporations (5 Different Industries (Secondary…
Managing in and Beyond Corporations
Profit
Non-Incorporated Organisations
Sole Proprietor
Low Cost
100% Profits
Limited Formal Documentation
Unlimited Liability
Partnership
Large capital
Split profits among partners
Unlimited Liability
Incorporated organisations
Public
Anyone can purchase shares through a stock exchange
Change from private to public referred to as
an organisation being ‘floated
– Often a consequence of growth
Private
– Not available to public
– Shares owned by private individuals
– To purchase shares need to directly approach an existing shareholder, often requires consent from other shareholders
Advantage
limited liacility
Access to greater capital
Disadvantages
Legal constrains and producers
Weak asset base could limit funding sources
investors not entitled to 100% of profit
Business Growth Cycle
Launch
Growth
Stabilisation
Maturity
Decline
Definition: 'the progression of a business and its phases over time"
Measured against revue and sales against time
Wave like cycle
What is Business?
A system of managers and employees, working in a synergetic relationship to achieve a common goal
Useful for breaking down larger goals into smaller tasks
Businesses achieve EFFICIENCY through their structures
Not For Profit
Charities
Profits reinvested in organisation or used for charity work
Private
Government Entities
Profits used to benefit society as a whole
Public
Environmental Conditions
General
Economic
Political /Legal
Demographic
Global
Trchnological
Indirect/External
Specific
Public pressure groups
Customers
Competitors
Suppliers
Direct/Internal
5 Different Industries
Secondary
manufactoring
plants, factories
Quaternary
Knolwedge
education, achedemia, schools
Primary
natural resources
mining, forestry
Tertiary
services
shops, massage
Quinary
Highly Specialised Knowledge
Medical research, management consulting