Business Ownership Choices †10 Mark Question Essay

Orion Designs was established five year ago by Amita Patel and her friend, Yi Ling, after they both finished Art and Design courses. Orion Designs is run as a partnership between the two women. There are currently no other partners. Amita and Yi create hand drawn designs in their studio which is located on an industrial estate. These designs are then sent to another business where a computer is used to put the designs onto transfers. When Amita and Yi get these transfers back, they are put onto mugs and plates purchased from a separate pottery company. Orion Designs then sells the finished mugs and plates as souvenirs. Orion Designs has been making increased profits each year. Amita and Yi now want to expand the business. They could increase the range of items onto which they put the transfers (eg. Mousemats), or perform all of the production processes at Orion Designs. Amita and Yi are aware of the risks involved in expanding the business. Even though they have already invested their own money in the business, there may be a need for additional finance as well as more employees. Actual Question: Amita and Yi have recently had a meeting with a local business advisor about their plan for the expansion of Orion Designs. They were given three possible options: * Option 1- stay as they are; * Option 2- take on additional partners * Option 3 – turn the business into a private limited company. Recommend the best option for Amita and Yi, explaining why the other options were not chosen. Introduction: Amita and Yi are two friends who have a business that puts designs onto pottery. They are currently a partnership but are trying to work out whether they should change the ownership type of their business in order to expand. Paragraph 1 (Analysis of Option 1 and Option 2) The business is currently a partnership so Amita and Yi both have unlimited liability. This means they would have to sell their personal assets if the business went into debt. If they took option 1 this disadvantage would still remain. Option 1 is low risk as they are not doing anything different but it might be difficult for them to expand as they won’t have any additional finance. If they know people who want to join their business then they could take on additional partners, these would have unlimited liability as well. This would bring money into the business but these new partners might want a say in running the business and it might not be what Amita and Yi want, this could lead to arguments. Paragraph 2 (Analysis of Option 3) As a private limited company, the owners of Orion Designs have the benefits of limited liability so they can only lose the amount of money that they invested in the company. So the owners of the business would have more security. If Orion Designs want to expand and have new ranges then they will need more money, if they become ltd they could raise the money they need by having shareholders. This would be an advantage to Orion Designs. At the moment all profits go to Amita and Yi, if they were to become a private limited company they would receive less profits themselves as they would have to pay dividends to all shareholders. Conclusion At the moment there are only two partners, Amita and Yi so they will be limited in the amount of money they can invest but they can make all the decisions themselves. If it were to become a ltd then other shareholders would be able to make decisions and Amita and Yi would lose some control of their business. There are also legal formalities involves in becoming a ltd which would take time and cost money. In order to secure the future of the business and expand I recommend that Orion Designs takes option 2 and stays as a partnership but invites other partners to invest in the business. This way they get the advantage of more capital in the business but do not have to spend a lot of time and money becoming an ltd.

Many MNEs may want to start operations in some foreign country Essay

Establishment manner means that the MNE starts its operations from abrasion in the foreign state normally through a entirely owned subordinate where as in entry manner ; this can be accomplished by a subordinate or through partnership with a local party which involves shared ownership. In this survey the writers examine the consequence of same variables on both these picks available to a company. They do it through a series of hypotheses. The first hypothesis measures the positive consequence of greater institutional promotion on the pick that the company makes. Institutional promotion is defined in the survey as refering to alterations in formal establishments over a period of clip. It is argued that regulative forces are likely to be a large influence on a determination that an MNE makes with respect to its constitution or entry pick. Regulative forces or instead Regulative forces as described in the survey are non limited to Torahs and ordinances merely but besides include political and other societal factors. The writers conclude that institutional promotion has a positive consequence on the pick to set up a subordinate with shared ownership. The 2nd hypothesis postulated by the authors’ measures the chairing consequence of institutional promotion on the inclination of a technologically intense house to either travel for constitution manner or entry manner. It is argued that houses which are engineering intense should travel for constitution manner because their competitory advantages are embedded in their labour force accomplishments and organisational patterns so it is more efficient for them to get down from abrasion. They should engage and develop the local labour force. Furthermore in instance of a joint venture or portion ownership of the subordinate. protecting the rational rights can be an issue. Protection of such rights is dependent on the judicial system. In passage economic sciences where the bench is corrupt and rational belongings rights are non respected. an MNE would be loath to reassign its engineering. Therefore writers conclude that house with advanced proprietary engineering are likely to prefer establishment manner but degree of institutional promotion has a positive moderating consequence on such a house traveling for entry manner. The 3rd hypothesis measures the chairing consequence of institutional promotion on a multidomestic MNE to either travel for constitution of entry manner. Multidomestic houses are defined as those which pursue multidomestic scheme and want to set up a sustainable local market presence. For such MNEs geting a local company is a more attractive option because such acquisition can supply them with local trade names. market cognition. distribution channels and web relationships with the host country’s other concerns and authorities. How the restructuring and realignment of the acquired entity can be really ambitious. The houses in the host state are likely to be following a different paradigm. But on the other manus if an MNE goes for shared ownership or entry manner. it can carry through more without confronting these troubles. It is argues that a multidomestic MNE requires lesser control on the subordinate. If this is so so subordinates in the host state can hold considerable freedom and run on their ain to the full leveraging their local expertness. Hence it is concluded institutional promotion has a positive moderating consequence on a multidomestic MNE to travel for entry manner. Finally the writers have used an international study to garner the information to back up their findings. The study consists of a questionnaire with 33 unfastened and near complete inquiries. Furthermore the MNE’s latest constitution manner pick or entry manner pick has been taken as the dependant variable. Review This survey is no uncertainty a valuable plus for directors and pupils likewise in analyzing the behaviour of MNEs in doing their picks when it comes to Foreign Direct Investment but however it has a few defects and failings. But the biggest defect of this survey is the range. The writers have chiefly taken a sample of European MNEs. And the so called economic systems in passage are fundamentally east European states which were one time under the Fe drape. First we need to see the fact that Europeans MNEs may be really different from Nipponese or American MNEs and so forth. The constitution or entry manner pick for Nipponese houses may be dependent on or moderated by variables other than the 1s discussed here. Similarly an MNE whether European or Nipponese may make up one's mind to put in some state in Central Asia or North Africa or even South Asia. The market conditions in these states are really different from those of the passage economic systems discussed by the writers. This means that the findings in this survey are non universally applicable. Nevertheless it is a valuable add-on to our cognition sing MNE behaviour in doing Foreign Direct Investment determinations. But for any research worker seeking to confer with this survey. it is really of import to maintain the above mentioned restrictions in head.

Business Admin Research Information Essay

1.1 Give reasons for agreeing objectives and deadlines for researching information Agreeing objectives is essential for a team or individual to know what they are focusing on to avoid wasting resources and time. Deadlines strongly affect what you research, for example, if a deadline of one week is agreed for writing a newspaper, you wouldn’t want to include today’s news as it would be very outdated by the time of publication. 1.2 Give reasons for identifying and agreeing sources of information It’s useful to identify and agree a source to use when researching information, as a standardised method means more uniform work. All information would be in a similar format when gathered from one source, but also, there is less room for error, as the agreed upon source is likely to be accurate and widely trusted. 1.3 Explain the purpose of recording and storing information researched Storing information is essential for many reasons; these include ease of access and readability, the level of detail you are able to store, the choice to have various copies of the information in case of loss and ease of transfer. 2.1 Agree aims, objectives and deadlines for the information search Agreeing aims and objectives helps me to do my work efficiently as they give me a clear idea of what I need to find and why. Deadlines are also very important to me as our customers and our reputation are negatively affected if don’t complete work in the required time so time limits help me estimate the time I have to spend on each one, otherwise, for example, I could spend too long researching one dental practice and affect another. 2.2 Identify sources of information Information can come from numerous sources, for example, other people such as colleagues or friends, online knowledge bases such as Wikipedia or books on the subject in question 2.3 Search for and obtain data I can search for information using the sources stated in the previous criteria, then to obtain the relevant data, I sift through all on offer then write down or type up what I require. If the information is copyrighted I would need to contact the author and request permission to use the data. 2.4 Check that data is suitable for the purpose of the research To ensure the data I find is suitable for the purpose of the research, I should agree guidelines for exactly what is needed and in what format with my manager or whoever set the task. 2.5 Record the data and store it securely I record information in various formats, such as documents onto my computer, memory stick or external hard drive, and onto websites such as Google Calendar and KashFlow. The majority of the information I deal with is confidential so I have to guarantee they are kept secure. I do this by setting strong passwords that only myself and any other required individuals know, and by keeping hardware on my person or locked away. 2.6 Make a record of information sources used It’s important to record all sources I use, as I often need to refer back to previously used documents, or find other information from a particular source. All records are kept organised and secure in our lockable store room. 2.7 Meet deadlines for completing research As previously mentioned, completing research in the set deadlines is important for me to present accurate data, and keep the strong relationship we have with our clients. To ensure I meet these deadlines, I have to carefully prioritise my workload and plan in advance how to tackle it, as I get a steady stream of new site notes every week and some are far more urgent than others.

MGR #8 Essay Example | Topics and Well Written Essays - 250 words

MGR #8 - Essay Example Even when things are that desperate, through humbleness to God, human beings can find solace by hoping for the grace. Servanthood is Godliness. In Jung (2011) chapter 11, the author gives a view that people should have a lifestyle that significantly reflect on kindness to others and God. The author gives the verses in the old and New Testament that reveals how servants and kings view servanthood. The degree of motivation for service and the associated features evidently shows that God is at the core of human service and, His son the example of servanthood commitment and the spirit is the facilitator. In modern day living where people perform works of different kinds to earn a living, it is prudent that they understand that when they offer services, they serve God indirectly and not to their employers alone. Therefore, they need to do it devotedly to gain a healthy relation with the organizations. Through that, the employers may also reciprocate by doing good things to their

Visual Analysis Paper Essay Example | Topics and Well Written Essays - 1250 words

Visual Analysis Paper - Essay Example Images, which possess content of narration including those from the numerous scenes that form the basis of life of the virgin, have no correct mentioning as Madonna images, even though they get a title, which mirrors such scenes as the Annunciation to Mary (Crowe 101). The representations of Mary became more widespread following her proclamation as God-bearer during 431 at the Ephesus Council. For over a millennium, through the Medieval, Early Renaissance and the Byzantine periods, the Madonna has been the mainly frequently fashioned pictorial artwork. Numerous precise imageries of the Madonna, both sculptured and painted, have attracted fame, either as substances of religious admiration or for their inherent artistic qualities. The majority of the most prominent sculptors and pictures in the art history have shifted their abilities toward the establishment of the Madonna imageries. The painting of this artwork was by part of the mainly influential artists during the 13h and 14 centu ries, Duccio di Buoninsegna. The iconic picture of Madonna and Child, seen all through the western art history, holds considerable worth because of technical innovations bearing the religious matter, which would carry on evolving for centuries. The Madonna and Child artwork has received wide acknowledgements as Duccio’s working during the past century. ... Looking over the sudden simplicity of the imagery, a person could start understanding the transformations that Duccio applied in representing the figures of religion of painting all through the early period of the 14th century. Just like the other upcoming artists, Duccio looked up at great artists like Giotto who strove to go past the virtuously iconic byzantine standard and tried fashioning tangible linkages that would surpass the imagination of a viewer regarding the objects contained in the painting. For instance, the parapet positioned at the bottom-side of the image serves to function as a visual enticement of the observer looking past and into the occasion captured between the virgin and Christ the child. Similarly, the parapet further functions as an obstruction of the sacred and vernacular worlds (Crowe 163). Whereas during the 15th and 16th centuries marked a period in which the Italian painters made an expansion into their collections in order to include the historical hap penings, mythological subject matters and autonomous portraits. As such, Christians retained powerful holds on their occupations. Most of the artwork stemming from this period remains to be sacred. Whilst the diversity of the religious subject matters included disciplines from the Old Testament along with pictures of saints who have their dates of cult coming after the systematization of the Bible, the Madonna stood to be a prevalent subject within the renaissance iconography. Additional elements representative of Duccio’s interests in humanism remain to be widespread and are visible from the tenderly swathed robe adorned by the Madonna along with the lap of Christ (Crowe 172). The

Organizational Change Theory Research Paper Example | Topics and Well Written Essays - 1250 words

Organizational Change Theory - Research Paper Example In this paper, we will explore some key issues related to the theory of organizational change. Importance of Organizational Change Theory By understanding organizational change theory, managers can explore various external and internal forces of change. Two main external factors of change include competitive environment and technological development. Competitive environment is such a factor that forces an organization to ensure development of high quality products to increase customer base, as well as to improve customer satisfaction. Technological development, on the other hand, refers to the use of latest technology to remain competitive in the market. If we talk about the importance of organizational change theory with respect to internal forces of change, we can say that this theory helps managers understand changes in the working atmosphere, changes in employment rules and regulations, and required changes in employee retention strategies. As Rasing (2010) states, â€Å"the key to organizational change and development lies in the understanding of people's requirements and work towards it† (p. 1). ... 49). From employers’ perspective, the readiness to adapt to ongoing internal and external changes is the biggest thing that organizational change theory demands from employers. Moreover, managers also need to show willingness for organizational changes, as well as for developing strategies for implementing those changes. A higher level of organizational readiness for changes results in more effective implementation of required changes. The reason is that when the level of readiness is high, employers take quick actions to initiate the process of change, as well as display a highly cooperative behavior with all members of the organization. Organizational members need to be committed to towards implementing essential changes to organizational policies and functions in order to maximize the levels of productivity and efficiency. Employers also need to assess the key determinants of change implementation, which include situational factors, task demands, and availability of require d resources. These three determinants play a vital role in determining whether an organization is ready to implement required changes or not. Based on assessment, employers develop suitable strategies to put required changes into action. Demands of Organizational Change: From Employees’ Perspective If we talk about the requirements of organizational change from employees’ perspective, we can say that willingness to work according to modified policies and eagerness to get trained accordingly are the biggest requirements. Employees always play a critical role in bringing positive organizational changes. As Avey, Wernsing, and Luthans (2008) states, â€Å"one of the

Comments(another one) Essay Example | Topics and Well Written Essays - 250 words

Comments(another one) - Essay Example Downsizing is in the true meaning the unemployment of people but the unemployed individual may believe that the company from which they were fired did not have a choice and this was a step which had to be taken. Other examples of newspeak are also seen in today’s world. For example, the spying technology which intrudes the privacy of others is justified by the government by explaining that this is an important step for the security of the people but in reality this is an encroachment into the personal space of others. Doublethink has also been correctly explained with the concept of cognitive dissonance put forward by Leon Festinger and it has further been strengthened in the paper with the example of persecution in the United States. Other examples of doublethink include immigration where on one side a person thinks that immigrants reduce the opportunities for the citizens of the country they migrate to. On the other hand, there is another perspective on this issue where a person is forced to think that these immigrants leave their homeland owing to serious problems and they migrate to a new place only with the hope of a better future. Therefore, immigration is a stand on which a person tends to have contradicting thoughts. Thus, it is a well-balanced paper which correctly defines the purpose of the concepts of newspeak and doublethink in the novel followed by examples which can be seen in today’s world for the two