Organization Review

Single owner who manages the company

A business in which two or more persons combine their assets and skills. Co-owners of a business for profit

Advantages of Partnership (select all that apply)

Licensing arrangement under which a franchisor allows franchisees to use its name, trademark, products, and business methods.

Persons or entities granted a franchise to market or sell a the goods or services, usually under a franchise agreement.

the originator of a trade name, product, methods of operation, and the like that grants operating rights to another party to sell its product

Would you ever consider owning a franchise?

A legal entity that is separate and distinct from its owners. owners are shareholders and have stock certificates representing their ownership in the firm.

Disadvantages of a Corporation (Select all that apply)

not a corporation in and of itself; it is a legal form of a company that provides limited liability to its owners but enjoys the perks of a major corporation.

Managers make all the decisions affecting their departments.

Employees work in a department but can be temporarily assigned to a project team

Some organizations add staff positions to support Managerial Positions

Focuses employee efforts on projects to respond faster to customer needs and wants

Would you rather work for a decentralized management team or centralized management team?

A few top managers do all major planning and decision making.​ Research shows that this type or organization cause problems in some companies.

How do you feel about Business Management