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BUSINESS STRUCTURES AND ORGANISATIONS - Coggle Diagram
BUSINESS STRUCTURES
AND ORGANISATIONS
SOLE TRADER
owned and controlled by one person
LIMITED COMPANIES
they have own legal identity
LTDs
shares
shareholders
people that owns shares
parts of ownership
PLCs
PARTNERSHIP
owned by two or more people
unlimited partnership
all of the partners take an active role in the running of the business
limited partnership
there are partners that invest capital but do not take an active role in the running of the business
SLEEPING PARTNERS
COOPERATIVES
voluntary business organisations that are owned, controlled and operated by
MEMBERS
goals
profit
social goals
environmental goals
FRANCHISING
type of business where FRANCHISEE buy the right to sell the goods or services of FRANCHISOR
BUSINESS GROWTH
INTERNAL
when a company uses it own resources to expand
EXTERNAL
when a business grows through a process of integration with other organisastions
acquisition
merger
joint venture
MULTINATIONAL CORPORATIONS
RELOCATION OF BUSINESS
OFFSHORING
from the home country to a different international location
reasons
saving time
closer to markets
lower costs
access to expertise
are large businesses that operate in several different countries with a HEADQUARTERS in one country
COMPANY STRUCTURE
chain of command
BOARD OF DIRECTORS
CEO
Department Directors