A Study On A Business - 997 Words

Starting a business does not necessarily make one a startup founder - as the business may not necessarily be a startup at all! While it may have the potential to make the founder wealthy, it still may be a small business that can become huge in the future. Although these sound similar concepts, startups show up stark differences from conventional small businesses once we understand their fundamentals. I have had the fortune of being and working with hugely talented and entrepreneurial folks over the last decade, and it has allowed me to closely witness the striking and subtle variations across the different kinds of businesses – from a large enterprise to a startup to a small business. We are experiencing a fast-rising wave of the startup ecosystem these days, and that is enabling entrepreneurs to know more about startups, to dare and dream big, and follow their passions. Startup founding bars no age, no qualifications or background. If one has the right ideas and the passion to do whatever it takes to get the idea into the hands of customers, this ecosystem now provides the kind of support never seen before. So as more and more young energetic people take on entrepreneurship, this question keeps popping up in different forums – what is the difference between a startup and a small business? Isn’t a startup a small business? when it attains a particular size of revenue/employees/customers doesn’t it transition to the large enterprise category? All valid questions – thisShow MoreRelatedBusiness Studies : Business Study1899 Words   |  8 PagesBUSINESS STUDIES TASK 1 The business I have chosen is Londis. Londis have a few small stores dotted around the UK, they sell all home essentials and other food and drink. The aim of the store is to provide its community’s with good value products. Londis has been a running, successful business since 1959. What Londis provide: †¢ Friendly customer service †¢ Good prices †¢ Quality products Londis is always a local store that can provide you with all your usual home, food and drink needs. Londis theRead MoreBusiness Case Study : Business Case Studies997 Words   |  4 PagesWriting Business Case Studies How to Write Business Case Studies The objective of this part of the course is to use your case study to help you solve real company problems and to make the learning more relevant to your experience. The Business Case Study you are being asked to start today will provide information for yourself and the class to permit constructive feedback. You will have to use all of your research, writing and analytical skills to write your Company Case Study. You must give enoughRead MoreBusiness Studies1254 Words   |  6 Pagestechnical fault remember to log fault or advise a senior member of staff. 2.8 Describe how to follow organisation procedures when receiving a telephone call The organisational procedures when making and receiving telephone calls can vary from business to business but there are a lot of similarities. There is usually a general guidance and training for staff. To make a phone call effective you can: 1. Use all appropriate customers information to plan your call. 2. Anticipate your customers’ expectationsRead MoreA Study On The Business783 Words   |  4 Pageshad a tie-up with Thomas Cook as their interests dovetailed each other. Gyan Foundation guided prospective students with the application process to international universities while Thomas Cook a world renowned travel agency was interested in the business of travel booking for these students desiring to fly abroad. Thomas Cook’s service line included Leisure Travel – Outbound, Inbound, Domestic, Foreign Exchange, MICE, Corporate Travel, Insurance, Visa Passport Services (wikipedia). AnalyzingRead MoreBusiness Studies1178 Words   |  5 PagesA budget is how a business manages their money by predicting the amount the company is going to spend. The two types of budgeting our: * Zero budgeting – Urban Fashion will not know how much items is going to cost as the board of directors would not give them a specific amount to spend * Allocated budgeting – Urban Fashion know how much the budget is that they would have to pay things. In economics, fixed costs are business expenses that are not dependent on the level of goods or servicesRead MoreA Research Study On Business1269 Words   |  6 Pagesthree months, a research study has been conducted with the sole determination of satisfying the investment needs of a client who is looking for investment opportunity in eastern Prince William County, Virginia. She specifically expressed that she is interested in a business that has the potentials of growing business that also takes the interest of the community at heart. This paper is the effort of study done to fulfill this investor’s dream. As a result of the study of various businesses in theRead MoreBusiness Feasibility Study1054 Words   |  5 Pagesï » ¿Finance Aspect in Business Feasibility Studies Financial feasibility can be judged by the total estimated cost of the project, financing of the project in terms of its capital structure, debt equity ratio and promoter’s share of total cost, existing investment by the promoter in any other business and projected cash flow and profitability. Financial feasibility study determines how much start-up capital is needed as well as sources of capital and returns on investment. It is an analysis of theRead MoreCase Study : Business Finance Business1366 Words   |  6 Pages Latocha Smalls Business Finance 350 November 2, 2014 Introduction When it comes to investing, nothing will pay off more than educating yourself. Do the necessary research, study and analysis before making any investment decisions. My overall objectives are to assess past performances, assess current positions and predict profitability and growth prospects for Target and JCPenney companies. In the words of Benjamin Franklin, An investment in knowledge pays the best interest. Target CorporationRead MoreFaculty of Business Studies1287 Words   |  6 PagesFaculty of Business Studies BE-210 TMA-1 DUE DATE 26th December Part A: Essay Questions (25) 1. Define accounting. Accounting is the information system that measures business activity, progress the data into reports and communicates the results to decision makers. And accounting is the language of business. The better you understand the language of business the better you can manage your own business. For example, how will you decide whether or not to borrow money? YouRead MoreBusiness Studies: Case Study3115 Words   |  13 Pagesin the long term this would benefit the business and increase its profitability levels. Another benefit of removing 2 management levels is that the decision making process is much easier and faster the reason it empowers the workforce is because they feel that they are being listened to by higher levels and also that they are more in the loop when it comes to making decisions that will affect the whole company. However even though they know how the business run internally they shouldn’t get rid of

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Central Nervous system Metaphors Free Essays

This essay explores the concept of an organization style metaphorically as professed by Gareth Morgan in his book Images of Organizations (1989). This essay provides examples of how the responsibilities and functionality of upper management within a corporation serve similar functions as to how the brain functions within the Central Nervous system. First, one must understand exactly what a metaphor is in order to understand how Morgan (1989) comes to his conclusion. We will write a custom essay sample on Central Nervous system Metaphors or any similar topic only for you Order Now A metaphor is defined by Merriam-Webster dictionary as a figure of speech in which a word or phrase literally denoting one kind of object or idea is used in place of another to suggest a likeness or analogy between them (2009). Morgan (1989) discusses how the brain is a metaphor for a company’s organization structure and behavior. He considers the organization as the brain and draws attention to the importance of information, learning, and intelligence, and provides a framework for understanding modern organizations. This style of organization has the capacity to be flexible and inventive with a continuous improvement mindset. The brain stores and processes enormous amounts of information in its parts simultaneously thus the end result being able to speak and walk. To understand the brain like metaphor we have to understand that the brain is made of two hemispheres. It is understood that the left side of the brain is the more logical, analytical and rational side, much like the strategy and finance side of an organization whereas the right side is more creative and emotional much like the marketing and human resources departments of an organization. Like the brain, an organization has areas that concentrate on particular parts of the business; however, the organization as a whole must work together. Each department can work on its own as can be seen in artificial intelligence such as Rodney Brooks’ mobot (Morgan, 1989). The functions of an organization such as Marketing, Human Resources, Finance, Operations, and Information Technology have a series of processes which results in the function of whole organization. Each of these departments in an organization can be likened to a sensory input element to the executive â€Å"brain†. Marketing, for example, can serve as the â€Å"eyes† of the organization by providing input to the brain related to the business environment, supply and demand and other market elements important to the navigation capabilities of the organization. The Finance department acts as the â€Å"skin† by providing information about the financial atmosphere and environment of the corporate body. The Finance department â€Å"skin† can tell the corporate brain whether conditions are financially cool, or hot. Also, the †skin† can indicate whether the organization is acting in a manner that produces â€Å"pain† in terms of financial difficulties. Operations acts as the ears of an organization, providing information about the â€Å"balance† of the entire organization and allowing the brain of the leadership to issue the appropriate instructions to the organization to keep it moving without collapse. Human Resources acts as a taste mechanism for the organizational body, giving the brain an idea of the building blocks (personnel) that are being introduced to the organizational body. The IT department can be likened to the central nervous system. It is this department that maintains the flow of information to and from the â€Å"brain† of the organization. The metaphor of the organization as a body with the corporate officers as the brain can be further understood with respect to what happens when there are breakdowns in any one of the parts composing the organizational body. Failure of the Human Resource department, for example, can lead to the ingestion of organizational poison: workers who are not qualified for the jobs they are assigned. If the â€Å"skin† of finance fails, the infection of debt may set in, causing necrosis to various parts of the organizational body. It is possible that such a result could result in a systemic infection that could kill the entire organization. The Operations department should malfunction; the entire organization could lose its balance and fall, destroying the organizational â€Å"brain†. Perhaps most significantly, the failure of IT to properly move information between the â€Å"brain† and the other appendages of the organization, the result is paralysis, as the messages the executive send get lost or misinterpreted. The organization-as-brain-and-body metaphor goes a long way toward explaining the interconnectivity of various aspects of organizations. All the component parts contribute information to the executive â€Å"brain† which can react quickly and guide the organization toward action that will make the most effective use of the information. The failure of any one of the component parts of the organizational body represents a hazard that threatens the organization as a whole, and the brain in particular. â€Å"Metaphor. † Merriam-Webster Online Dictionary. 2009. Merriam-Webster Online. 17 April 2009 http://www. merriam-webster. com/dictionary/metaphor How to cite Central Nervous system Metaphors, Papers

Company Law for Structure - Policy and Practice- myassignmenthelp

Question: Discuss about theCompany Law for Structure, Policy and Practice. Answer: Background One.Tel was an Australia based GSM service provider meaning it functioned mainly in the telecom sector and eventually grew to become Australias fourth largest telecom service provider before being shrouded in controversy which lead to its eventual downfall. Jodee Rich and other executive directors of the company faced accusations of not discharging their duties as directors effectively with respect to the duty of care they had towards the best interests of the company. This duty is mandated by Section 180 of the Corporations Act, 2001 as well as principles of common law. Application Corporations functioning within the jurisdiction of the Australian Commonwealth are governed and regulated by the provisions of the Corporations Act, 2001. Common law principles developed through judicial pronouncements are also applicable (Stout and Blair 2017). Section 180 (1) of the Corporations Act, 2001 lays down the statutory duty of care and diligence (Peden 2017). This provision states that when discharging ones duties as the director of a corporate entity one must observe a certain degree of care and diligence to ensure that they are acting in the best interests of the company. Section 180 (2) of the act lays down the business judgment rule which states that the provisions of Section 180 (1) would be deemed to have been met when acting on behalf of the company if (Bottomley 2016): The judgment is made in good faith; If the business judgment is free from any personal self interest; If the directors have understood and researched the subject matter to the extent that is reasonably possible; If the directors reasonably believe the act would be in the best interests of the company. Additionally, Section 180 (3) states that a business judgment is a decision to act or refrain from acting taken by the administration of the company (Hiller 2013). This applies only in business decisions that a materially relevant to the operations of the corporation. ASICs accusation was that the directors had failed to observe their duties under Section 180 (1) of the act by not sufficiently informing the board of One.Tel about the accurate financial stand of the company (Morley 2016). The Judge when delivering the judgment observed that ASIC had failed to establish their cause of action, exaggerated their claims and quoted pieces of evidence out of context in order to establish their claims (Harris 2013). The idea of not informing the board of the accurate financial position of the company was a business judgment which had to made by the directors in a situation where the failing financial position of the company would cause alarm and would give rise to reckless administrative measures taken by the board. This decision was made in good faith and cannot be conspicuously construed to have self-interests veiled in them. Further, the executive directors made an informed decision to refrain from passing this information to the board and they did believe that this would be in the best interests of the company as disclosure would have brought an end to the companys existence much before the actual downfall. Thus this judgment met all the requisites prescribed under the provisions of Section 180 (2) of the Corporations Act, 2001 (Rawhouser, Cummings and Crane 2015). This case was the first to comprehensively lay down the business judgment defense and apply it to the facts and circumstances of a case. This defense would negate the apparent breach of the duties of the directors as prescribed by the statute and under common law. Conclusion To conclude when the directors of a corporation are in breach of their duties under common law and the provisions of Section 180 (1) of the Corporations Act, 2001 the business judgment defense can be cited (Hanrahan, Ramsay and Stapledon 2013). If the acts of the directors fall within the ambit of the circumstances defined under the subsections to Section 181 (2) of the act. This would thus absolve them of all charges relating to the breach of duty of care. Thus in this case Jodee Rich and the other executive directors had not failed to observe their statutory and common law duties as prescribed for directors of a corporation. They had thus acted reasonably and prudently when they decided not cause alarm within the organizational structure by revealing the companys true financial position. Moreover, had Packer and Murdoch not removed the financial assistance given to the company One.Tel would have sailed through the financial difficulties through investment funds till they started to generate positive revenue figures. This adequately establishes the reasonableness behind the decision taken by the executive directors to not inform the board of the alarming financial condition as it can be inferred that it was presumed that the company would survive. Thus the ASICs allegations of the directors being in breach of their duty of care in acting on behalf of the company cannot be successfully substantiated on the basis that they refrained from informing the board as this omission was a reasonable business judgment and this would absolve them of all responsibilities arising out of such an act. Reference list Bottomley, S., 2016.The constitutional corporation: Rethinking corporate governance. Routledge. Hanrahan, P.F., Ramsay, I. and Stapledon, G.P., 2013. Commercial applications of company law. Harris, P., 2013.Corporate tax law: Structure, policy and practice. Cambridge University Press. Hiller, J.S., 2013. The benefit corporation and corporate social responsibility.Journal of Business Ethics,118(2), pp.287-301. Morley, J., 2016. The Common Law Corporation: The Power of the Trust in Anglo-American Business History.Columbia Law Review, pp.2145-2197. Peden, E., 2017. Civil and criminal liability of directors and officers of sporting clubs.Commercial Law Quarterly: The Journal of the Commercial Law Association of Australia,31(1), p.12. Rawhouser, H., Cummings, M. and Crane, A., 2015. Benefit corporation legislation and the emergence of a social hybrid category.California Management Review,57(3), pp.13-35. Stout, L.A. and Blair, M.M., 2017. A team production theory of corporate law. InCorporate Governance(pp. 169-250). Gower.