PPT-Chapter 8 Types of Business Organizations

Bell Ringer 1024 What am I Identify the key term try not to use notes The study of how people seek to satisfy their needs and wants by making choices A person or group of people who provide the factors of production. . Information Systems, Organizations, and Strategy. LEARNING OBJECTIVES. Management Information Systems. Chapter 3 Information Systems, Organizations, and Strategy. Identify and describe important features of organizations that managers need to know about in order to build and use information systems successfully.. 2. 2. .1. . List the four forms of business organization and describe the advantages and disadvantages of each.. 2. .2. . Describe the goals of the firm and the pressures exerted on corporations by various stakeholders.. Chapter 2. E-Marketplaces: Structures, Mechanisms, Economics, and Impacts. 2-. 2. Learning Objectives. Define e-marketplaces and list their components.. List the major types of e-marketplaces and describe their features.. . Global E-Business: How Businesses Use Information Systems. LEARNING OBJECTIVES. Management Information Systems. Chapter 2 Global E-Business: How Businesses Use Information Systems. Define and describe business processes and their relationship to information systems.. Unit 1. Achieving Business Success. Copyright © . 2015 . McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Unit One. What is a Business Organization?. A . business organization. is an establishment formed to carry on commercial enterprise.. Sole Proprietorships. A . sole proprietorship. is a business owned and managed by a single individual.. Opener. Essential Question. Why do some businesses succeed and other fail?. Guiding Questions. Section 1: Sole Proprietorships. What are the risks and benefits of a sole proprietorship?. Sole proprietorships are fairly easy to start up and a sole proprietor reaps all the profits from his or her business. However, sole proprietors also have unlimited personal liability for all business failures.. Pharmaceutical company. Rug & upholstery. Real estate company. Car dealership. Vermont Banker’s Association. Jewelry manufacturing and imports. Advertisement company. EMC Technology. Dairy farm. Be able to describe how business models vary in healthcare and how business models may provide a competitive advantage; . Comprehend generic strategies and their application to healthcare;. Be familiar with strategies for differentiation in healthcare, including focused factories; and. This paper argues that the inexibility, weakness and slowness of business organizations to respond to changing environmental conditions arise from Complexity, dominant paradigm of management, li Chapter 6.1. Introduction to Business and Marketing. The Main Idea. Sole proprietorships, partnerships, and corporations are the most common forms of business organization. . Cooperatives. , nonprofits, and franchises are other forms.. Section One: Forms of Business Organization. I. Forming a Proprietorship. Easiest form of business to start-needs only the occasional licenses and fees. Ease of start up. Relative ease of management. Business Organizations. Sole Proprietorship. One owner. Tend to be small with no employees. Partnership. Two or more owners. Tend to be small with few, if any, employees. Corporation. Legal entity that is similar to an individual in the eyes of the... Introduction: External Business Communication. Transferring information between a business and other businesses or persons outside the business environment is termed as external business communication. .