Wednesday, December 18, 2019

Management - 1199 Words

Assignment QUES. 1- Sanjeev Kapoor is an expert in making bakery and confectionary products with loads of talent and encouragement from everyone. He wants to go in for his own bakery and confectionary venture. But he doesn’t have much by the way of money and infrastructure. He knows of some and friends, who might be willing to associate with him to provide necessary funds and infrastructure. What sort of business organization should he go and why? ANS. – With the expansion of business, it became necessary for a group of person to join hands together and supply necessary capital and skill. Sanjeev may possess exceptional business ability but doesn’t have much by the way of money and infrastructure; he can have a financing partner. In†¦show more content†¦It is a kind of voluntary association for carrying on business operation , therefore, it can be dissolved by the partner by expressing to each other their intention to do so. In the case of partnership at will, it can be dissolved by giving 14 day notice to other partners. QUES.2 – Your friend Yuvraj has consulting you to advice regarding his practice in law. Suggest and justify the forms of organization suitable for the purpose. ANS. - A business enterprise can be owned and organized in several forms. Each form of organization has its own merits and demerits. The ultimate choice of the form of business depends upon the balancing of the advantages and disadvantages of the various forms of business. The right choice of the form of the business is very crucial because it determines the power, control, risk and responsibility of the entrepreneur as well as the division of profits and losses. The nature of business is the most important factor. Businesses providing direct services like tailors, restaurants and professional services like doctors, lawyers are generally organized as proprietary concerns. So in this case, he may choose sole proprietorship to practice in law. Characteristics of sole proprietorship: (i) No Separate Legal Entity: legally, the sole trader and his business are not separate entities. In other words, all the assets and liabilities of the businesses are the personal assets and liabilities of theShow MoreRelatedManagement : Management And Management1504 Words   |  7 Pagesassuring an organization to be able to run smoothly is called as Management. Managers are capable to make decisions that will impact an organization in every phase. These decisions vary from employing new staff to taking a company public. Management is not an easy task, and good managers are highly respected. Management is like investment. Its main purpose is to extract the most out of every resource available in the organization. Management can be called as achieving targets in such a way that all theRead MoreManagement : Management And Management Essay1740 Words   |  7 Pagesproposals, and compliance training must meet the standards and requirements of both organizational structures, requiring Mr. Aranda to be fluent in both organizational cultures. Mr. Aranda was chosen for this project due to my observance of his management capabilities over the past twelve years. Mr. Aranda was an engineering technician who then earned a BS in business, resulting in being promoted to Engineering Manager, which enabled me to observe his triumphs and failures, and watch the evolutionRead MoreManagement Theory Of Management And Management937 Words   |  4 Pagesbeen used in company management. However, management of company could not be effective if only rely on theories. In fact, a good company development requires not only suitable theories selection but also consistency with practice in appropriate organization environment. 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