1. Sole trader businesses are the easiest to set up because there is no complex paperwork. The business and the owner are the same person in law. The sole trader does not have limited liability which means that they are responsible for all the debts of the business. The sole trader has to produce an annual accounting return for the Inland Revenue. 2. Partnerships are set up by a Deed of Partnership which is a document made out by the partners and witnessed by a solicitor. This Deed sets out the
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INTRODCTION An organisation is a social arrangement which pursues collective goals‚ which controls its own performance‚ and which has a boundary separating it from its environment. Organisation is the association formed by a group of people who see that there are benefits available from working together towards some common goal. Organisation studies are the study of individual and group dynamics in an organisational setting‚ as well as the nature of organisation themselves. Whenever people interact
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Analysis & Plan. The Problem Strategy is fundamentally deciding how the organisation will compete. The executives at Hector Gaming Company (HGC) are in consensus as to where the firm is going in the medium to long term‚ however there is little consensus as to how to accomplish the strategic goals. The management of HGC have not agreed the finer detail that will allow the strategy to be implemented. The organisation has a vision to grow the firm "to be the largest & best educational gaming
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Contents Person-Organisation Fit 2 Forms of P-O fit 2 Measures of P-O fit 3 Antecedents and outcomes of P-O fit 3 Impacts of P-O fit on organisation and individuals 4 Performance 4 Turnover 4 Homogeneity and creativity 5 Comparison P-O fit with P-J fit 5 Effective management of person-organisation fit 6 Importance of Assessing P-O fit in employee selection 6 Nurturing P-O fit after the selection process 7 Managing P-O fit in organisation with high diversity 7 Conclusion
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World Health Organisation (WHO) Purpose of WHO In today’s society‚ health is a shared responsibility which involving accessibility WHO (World Health Organisation) is the authority that directs and coordinates health in the United Nations. It provides guidance on international health matters‚ heavily influences the health research programs‚ articulates policy options that are evidence-based‚ provides technical support to countries and monitors and assesses global health patterns. In today’s society
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Scenario 1: LO1 (P1.1): There are mainly four types of organisations. Private sector organisations‚ Public sector Organisations‚ voluntary organisations and cooperatives. Private Sector: In the private sector‚ businesses operate in order to maximize the profits. They raise finance by issuing shares‚ borrowing loans from banks etc. They are owned and controlled by private parties. For example Bank of Maldives‚ Amin Construction pvt ltd‚ Haza Construction pvt ltd. Their main aim is to maximize the
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Introduction This essay is based on Formal and Informal organisations and the details and difference between the two. Recommendations and conclusions are also drawn based on the information presented. Formal and Informal Organisations The fundamental concepts of formal and informal organisations are regarded with the nature and processes in the workplace. A formal organization is the actual framework of the organization including its organizational chart and its chain of command which determines
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MANAGING PEOPLE AND ORGANISATIONS | OUTCOME 3 ASSESSMENT | | Contents MANAGERIAL WORK 2 MAIN FEATURES 2 MEASURING MANAGERIAL PERFORMANCE 4 BEHAVIOURAL THEORY 5 McGREGOR‚ THEORY X & Y 5 LEADERSHIP THEORIES 6 SCOTIA EXPANSION & THEORIES OF LEADERSHIP 7 MANAGERIAL WORK There are three different levels of management‚ the first being senior level management who are concerned with the strategic planning and decision making of the organisation. The decisions they make are
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roles of the human resource professionals. The level of performance of and organisation depends on the effectiveness of its recruitment function. Organisations have developed and follow recruitment strategies to hire the best talent for their organisation and to utilize their resources optimally. A successful recruitment strategy should be well planned and practical to attract more and good talent to apply in the organisation. The objective of the recruitment process is to obtain the number and quality
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will be. The term industry can be refers to a field or an organisation involve in the production of goods‚ services or extraction of natural resources. There are two types of organisation in an industry‚ product-oriented organisation and service-oriented organization. The term "product" is associated with something that is tangible‚ which is capable of being perceived especially by the sense of touch. The outputs of product-oriented organisation are either end product‚ or components that are assembled
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