Contrasting Differences Between “the Cooperative” and “Hsbc Plc”
Business Environment - Internal
The purpose of this essay is to explain and analyze contrasting differences between “The Cooperative” and “HSBC plc”, and to explain its stakeholders. At the end I will explain and evaluate their mission aims, objectives and impact of their companies.
The simplest form of ownership and possibly the most common too, is sole-trading, which is owned by one individual. Possibly this individual opened his company by using his savings or quite commonly by means of a bank loan. He is capable of running every aspect of his business and is solely responsible for is business. Most multinationals generating billions of pounds per year of our days started as sole-trading companies.
Partnerships are the next evolutionary step. They are owned by two or more individuals, usually specialists who join venture. As sole-trading all parties contribute privately towards the business’ capital through savings or bank loans, usually profits are shared depending on how much capital was invested by each party. There can be partners who usually do not take part in the running of the company called sleeping or dormant partners they mainly invest and share the profits.
Private Limited Companies (Ltd) are companies whose ownership is divided into equal parts called shares, who own these shares in turn are called shareholder, only by consent of all shareholders can shares be sold to a particular buyer and usually who owns more shares ultimately has majority of the decision making. This type of company is considered to be an entity of its own, the owners only run it.
Public Limited Companies (Plc) follow the same principle has Ltd companies but they must first of all, raise sufficient capital, minimum of £50,000.00 by selling its shares in the stock market .A minimum of two directors, two members and a qualified secretary are needed to trade as a Plc and its directors must provide statutory documentation to the companies house.
Cooperative
The purpose of this essay is to explain and analyze contrasting differences between “The Cooperative” and “HSBC plc”, and to explain its stakeholders. At the end I will explain and evaluate their mission aims, objectives and impact of their companies.
The simplest form of ownership and possibly the most common too, is sole-trading, which is owned by one individual. Possibly this individual opened his company by using his savings or quite commonly by means of a bank loan. He is capable of running every aspect of his business and is solely responsible for is business. Most multinationals generating billions of pounds per year of our days started as sole-trading companies.
Partnerships are the next evolutionary step. They are owned by two or more individuals, usually specialists who join venture. As sole-trading all parties contribute privately towards the business’ capital through savings or bank loans, usually profits are shared depending on how much capital was invested by each party. There can be partners who usually do not take part in the running of the company called sleeping or dormant partners they mainly invest and share the profits.
Private Limited Companies (Ltd) are companies whose ownership is divided into equal parts called shares, who own these shares in turn are called shareholder, only by consent of all shareholders can shares be sold to a particular buyer and usually who owns more shares ultimately has majority of the decision making. This type of company is considered to be an entity of its own, the owners only run it.
Public Limited Companies (Plc) follow the same principle has Ltd companies but they must first of all, raise sufficient capital, minimum of £50,000.00 by selling its shares in the stock market .A minimum of two directors, two members and a qualified secretary are needed to trade as a Plc and its directors must provide statutory documentation to the companies house.
Cooperative
Bibliography: www.hsbc.co.uk -Accessed more than once www.thecooperative.coop -Accessed more than once Tutor Handouts: http://go.guildford.ac.uk/webapps/portal/frameset.jsp?tab_id=_2_1&url=%2Fwebapps%2Fblackboard%2Fexecute%2Flauncher%3Ftype%3DCourse%26id%3D_9140_1%26url%3D