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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Introduction: In this assignment I have been asked to look at various types of organizations and who are there main stakeholders‚ I will also look at how the business we are looking at in this assignment would operate in a free market economy and whether a high inflation rate and import duties would affect how the business performs. After a sole trader and a partnership the next step for business would be turning into a private limited company (LTD). A private limited company is owned by shareholders
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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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Change is essential to organizations especially in times when the environment around the organization is volatile or when in a new environment. Change usually affects three characteristics of an organization. These being individuals working in the organization‚ culture and processes. An organization can use strategic change approach to implement change in the organization or use tactical change approach. Tactical change approach is often used when the change envisioned is only short term.in this
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ORGANIZATIONAL POLITICS BLACK OR WHITE? There has been endless discussions on political nature of work life but very little has been talked and explored about the politics itself. The strong capabilities of politics can neither be ignored and nor can be denied. And such greatly impactful things can’t have only one direction to it. They have to benefit and create loss both at the same time. But given a fact that there exist some factors that can directly or indirectly influences politics into a
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1.1 Summarise the entitlement and provision for early year’s education It became an entitlement of all 3-and 4-year-olds in England to receive a free part-time early years education of up to 12.5 hours per week for a period of up to 38 weeks of the year as part of the Every Child Matters agenda and Childcare Act 2006. Every child should receive up to two years free education before reaching school age‚ this is ensured by local authorities‚ which is funded by the government. Although parents are
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Define personality .What do you understand by personality trait? Different people carry different personalities which differentiates one from another. Based on this fact‚ explain the personalities of the following people and which theory you can relate to their personalities: (a) Narendra Modi; (b) Mother Teresa; (c) A P J Abdul Kalam; (d) Sachin Tendulkar Personality:- Personality can be defined as consistency in a person’s way of being — that is‚ long-term consistency in their particular ways
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TVS Group Batch-B Group 9 This report contains a brief description of TVS Group and its subsidiaries. About mission‚ vision statements of the company. This report also includes BCG matrix of various TVS industries‚ Porter’s five force analysis on TVS motors‚ Ansoff matrix and SWOT analysis of various TVS motors brands. AMRITA GOPIKRISHNAN ANOOP KUMAR S BALRAM RAIKAR KARTHIK G VIGNESHKUMAR B [TVS GROUP] November 2‚ 2012 INTRODUCTION The TVS Group was established in 1911 by T
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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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Stereotyping In An Organization The fact that people are always judged for their actions and behavior could be one of the biggest problems in an organization. Stereotyping is a fixed notion of people‚ coming up with their own assumption and judgment even before giving the respective a chance to explain the reason for both their actions and behavior. Stereotyping is a closure in which each individual blocks the opportunities of what people really are. People often take in all the information they
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