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Business Organizations Slideshow 2

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Business Organizations Slideshow 2

  1. 1. Business Organizations Slideshow 2 Marissa Doria Block 3
  2. 2. Corporation <ul><li>Separate legal entity formed by documents filed with your state </li></ul><ul><li>An example would be Target </li></ul><ul><li>Advantage: Protect the liability of stockholders to only the amount of money they have invested </li></ul><ul><li>Disadvantage: More difficult to form than either proprietorships or partnerships </li></ul>
  3. 3. Franchises <ul><li>Written contract granting permission to operate a business to sell products and services in a set way </li></ul><ul><li>Advantage: Expands a business using the investments of others while maintaining control over the name, product quality, and operating procedures </li></ul><ul><li>Disadvantage: Pay a fee and percent age of the profits to the franchiser in return for operating assistance </li></ul><ul><li>Example: Chili’s </li></ul>
  4. 4. Mission Statement <ul><li>Purpose of a Mission Statement for a Company: The direction for a business comes from its mission statement </li></ul><ul><li>Mission Statement for Google: Organize the world's information and make it universally accessible and useful </li></ul>
  5. 5. Purpose of Short Term and Long Term Goals <ul><li>So your employees are aware of what is expected of them and so they realize what they have ahead of them </li></ul>
  6. 6. Company Procedures <ul><li>Company Procedures—Descriptions of the way work is to be done </li></ul><ul><li>Three Procedures at a School—Teach students, be fair to all students and be on time </li></ul>
  7. 7. Organization Chart <ul><li>Organization Chart—Diagram that shows the structure of an organization, classifications of work and jobs, and the relationships among those classifications. </li></ul><ul><li>Ex—Chores Chart, Calendar </li></ul>
  8. 8. <ul><li>Functional Organizational Chart—Work is arranged within many business functions such as production, operations, marketing, and human resources </li></ul><ul><li>Matrix Organizational Structure—Work is structured around specific projects, products, or customer groups </li></ul>

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