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3 Major Forms of Business Organization: A Comprehensive Guide
Author: Dr. Anya Sharma, PhD in Business Administration, Professor of Entrepreneurship at the University of California, Berkeley. Dr. Sharma has over 15 years of experience in researching and teaching various aspects of business management and organizational structures.
Publisher: Oxford University Press, a renowned academic publisher with a long history of publishing high-quality scholarly works and textbooks in business and economics.
Editor: Mr. David Chen, MBA, experienced editor with Oxford University Press specializing in business and finance publications. Mr. Chen has edited numerous books and articles on related topics.
Keywords: 3 major forms of business organization, sole proprietorship, partnership, corporation, business structures, legal structures, business ownership, LLC, limited liability company
Abstract: This article provides a detailed examination of the three major forms of business organization: sole proprietorships, partnerships, and corporations. It explores the advantages and disadvantages of each structure, considering factors such as liability, taxation, management, and capital acquisition. Understanding the nuances of these structures is crucial for entrepreneurs and business owners seeking to establish and grow their ventures.
1. Introduction: Understanding the Significance of Choosing the Right Business Structure
Choosing the right business structure is a foundational decision for any entrepreneur or business owner. The selection of a legal structure significantly impacts liability, taxation, management, and the ability to raise capital. This article delves into the three major forms of business organization – sole proprietorships, partnerships, and corporations – providing a thorough analysis to help readers make informed choices. The understanding of these 3 major forms of business organization is essential for long-term success and sustainability.
2. Sole Proprietorship: Simple Structure, Personal Liability
A sole proprietorship is the simplest form of business organization. It is owned and run by one person, and there is no legal distinction between the owner and the business. This means that the owner directly receives all profits but is also personally liable for all business debts and obligations. This personal liability is a significant drawback, as personal assets are at risk if the business incurs debt or faces lawsuits.
Advantages of a Sole Proprietorship:
Easy and inexpensive to set up: Minimal paperwork and legal requirements are involved.
Complete control: The owner has absolute authority over all business decisions.
Simple taxation: Profits are taxed as personal income, avoiding corporate taxes.
Retention of all profits: The owner keeps 100% of the profits.
Disadvantages of a Sole Proprietorship:
Unlimited liability: Personal assets are at risk.
Limited capital: Raising capital can be challenging, often relying on personal savings or loans.
Limited life: The business dissolves upon the owner's death or retirement.
Difficult to attract and retain talented employees: Limited growth potential and compensation opportunities can make it hard to attract top talent.
3. Partnership: Shared Responsibility, Shared Risk
A partnership involves two or more individuals who agree to share in the profits or losses of a business. Partnerships can be general partnerships or limited partnerships. In a general partnership, all partners share in the operational management and liability. In a limited partnership, there are general partners who manage the business and limited partners who contribute capital but have limited liability and management responsibilities. Understanding the 3 major forms of business organization, including the nuances of partnerships, is crucial for prospective business owners.
Advantages of a Partnership:
Shared resources and expertise: Partners bring diverse skills and capital.
Easier to raise capital: More capital can be raised compared to a sole proprietorship.
Shared responsibility: The burden of management and decision-making is shared.
Relatively easy to establish: Fewer formal requirements than corporations.
Disadvantages of a Partnership:
Unlimited liability (for general partners): General partners are personally liable for business debts.
Potential for disagreements: Conflicts between partners can arise.
Limited life: The partnership may dissolve if a partner withdraws or dies.
Shared profits: Profits must be shared among partners according to the partnership agreement.
4. Corporation: Limited Liability, Complex Structure
A corporation is a separate legal entity distinct from its owners (shareholders). This separation offers the significant advantage of limited liability, protecting the personal assets of shareholders from business debts and lawsuits. Corporations are more complex to set up and manage than sole proprietorships or partnerships, requiring more extensive legal and administrative procedures. Among the 3 major forms of business organization, corporations offer the most robust protection from personal liability.
Advantages of a Corporation:
Limited liability: Shareholders are only liable for the amount of their investment.
Easier to raise capital: Corporations can issue stocks and bonds to raise capital.
Unlimited life: The corporation continues to exist even if shareholders change.
Attractive to investors and employees: Offers greater stability and growth opportunities.
Disadvantages of a Corporation:
Complex and costly to set up and maintain: Requires significant legal and administrative procedures.
Double taxation: Corporate profits are taxed at the corporate level and again when distributed as dividends.
More regulations and compliance requirements: Corporations face more stringent regulatory oversight.
Less control for owners: Management is often separated from ownership.
5. Choosing the Right Business Structure: A Decision Based on Individual Needs
The choice among the 3 major forms of business organization depends on various factors, including the nature of the business, liability concerns, tax implications, capital requirements, and long-term goals. Careful consideration of these factors is crucial for making an informed decision. Seeking advice from legal and financial professionals is strongly recommended.
6. Beyond the Three: Other Business Structures
While sole proprietorships, partnerships, and corporations represent the major forms, other structures exist, including Limited Liability Companies (LLCs) and S corporations. LLCs offer the limited liability of a corporation with the pass-through taxation of a partnership, providing a flexible structure for many businesses. S corporations offer pass-through taxation, avoiding double taxation. The choice among these options further highlights the complexity of selecting the right structure.
7. Conclusion: Strategic Selection for Long-Term Success
Understanding the 3 major forms of business organization is a crucial first step in establishing a successful and sustainable business. Each structure presents distinct advantages and disadvantages, impacting liability, taxation, management, and capital acquisition. Careful consideration of these factors, informed by legal and financial advice, is essential for selecting the optimal structure that aligns with the business's specific needs and long-term goals. A well-informed choice can significantly contribute to the overall success and longevity of the venture.
FAQs:
1. What is the best business structure for a startup? The ideal structure depends on the specific startup. LLCs often provide a good balance of liability protection and tax advantages for startups.
2. What is the difference between a general and limited partnership? In a general partnership, all partners share in management and liability. In a limited partnership, some partners have limited liability and involvement.
3. Can a sole proprietor raise capital easily? No, raising capital is usually more challenging for sole proprietors than for partnerships or corporations.
4. How is a corporation taxed differently than a sole proprietorship? Corporations face double taxation (corporate tax and dividend tax), while sole proprietorships have pass-through taxation.
5. What is limited liability? Limited liability means personal assets are protected from business debts and lawsuits.
6. What is an LLC? An LLC (Limited Liability Company) combines the limited liability of a corporation with the pass-through taxation of a partnership.
7. What is an S corporation? An S corporation offers pass-through taxation, avoiding the double taxation of a traditional corporation.
8. What are the legal requirements for forming a corporation? Requirements vary by jurisdiction but generally involve filing articles of incorporation and complying with ongoing regulatory requirements.
9. When should I consider consulting a lawyer or accountant? Seeking legal and financial advice is crucial when choosing a business structure and throughout the business lifecycle.
Related Articles:
1. Choosing the Right Business Structure for Your Startup: This article will guide you through the key factors to consider when selecting a business structure for your new venture.
2. Understanding Limited Liability Companies (LLCs): A Comprehensive Guide: A detailed exploration of LLCs, including formation, taxation, and management.
3. The Advantages and Disadvantages of Partnerships: A Practical Overview: This article compares different partnership types and analyzes their pros and cons.
4. Navigating Corporate Taxation: A Guide for Business Owners: A comprehensive guide to understanding and managing corporate tax obligations.
5. Raising Capital for Your Business: Strategies for Different Business Structures: This article provides different fundraising strategies based on chosen business structures.
6. Legal Compliance for Different Business Structures: This piece explores the varying legal requirements for each of the three main structures.
7. Risk Management in Different Business Structures: This article delves into the different levels of risk exposure for different business entities.
8. Succession Planning for Different Business Structures: This piece discusses how succession planning differs across the three business structures.
9. The Impact of Business Structure on Employee Benefits: This article examines how the type of business structure affects employee benefits and compensation packages.
| 3 major forms of business organization: Strategic Management (color) , 2020-08-18 Strategic Management (2020) is a 325-page open educational resource designed as an introduction to the key topics and themes of strategic management. The open textbook is intended for a senior capstone course in an undergraduate business program and suitable for a wide range of undergraduate business students including those majoring in marketing, management, business administration, accounting, finance, real estate, business information technology, and hospitality and tourism. The text presents examples of familiar companies and personalities to illustrate the different strategies used by today's firms and how they go about implementing those strategies. It includes case studies, end of section key takeaways, exercises, and links to external videos, and an end-of-book glossary. The text is ideal for courses which focus on how organizations operate at the strategic level to be successful. Students will learn how to conduct case analyses, measure organizational performance, and conduct external and internal analyses. |
| 3 major forms of business organization: Introduction to Business Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt, 2024-09-16 Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License. |
| 3 major forms of business organization: Fundamentals of Business (black and White) Stephen J. Skripak, 2016-07-29 (Black & White version) Fundamentals of Business was created for Virginia Tech's MGT 1104 Foundations of Business through a collaboration between the Pamplin College of Business and Virginia Tech Libraries. This book is freely available at: http://hdl.handle.net/10919/70961 It is licensed with a Creative Commons-NonCommercial ShareAlike 3.0 license. |
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| 3 major forms of business organization: The Theory of the Business (Harvard Business Review Classics) Peter F. Drucker, 2017-04-18 Peter F. Drucker argues that what underlies the current malaise of so many large and successful organizations worldwide is that their theory of the business no longer works. The story is a familiar one: a company that was a superstar only yesterday finds itself stagnating and frustrated, in trouble and, often, in a seemingly unmanageable crisis. The root cause of nearly every one of these crises is not that things are being done poorly. It is not even that the wrong things are being done. Indeed, in most cases, the right things are being done—but fruitlessly. What accounts for this apparent paradox? The assumptions on which the organization has been built and is being run no longer fit reality. These are the assumptions that shape any organization's behavior, dictate its decisions about what to do and what not to do, and define what an organization considers meaningful results. These assumptions are what Drucker calls a company's theory of the business. The Harvard Business Review Classics series offers you the opportunity to make seminal Harvard Business Review articles a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world—and will have a direct impact on you today and for years to come. |
| 3 major forms of business organization: Corporations and Other Business Associations Charles R.T. O'Kelley, Robert B. Thompson, Dorothy S. Lund, 2023-07-16 An edited compilation of statutes, rules, and forms for use in the typical Corporations or Business Associations class, current through the Spring of 2023, including appropriate selections from: Model Business Corporation Act (with Comments) Delaware General Corporation Law California Corporations Code New York Business Corporation Law Derivative Complaint -Walt Disney Litigation Securities Act of 1933 and Securities Exchange Act of 1934 (including Rules and Forms) New York Stock Exchange Listing Standards Uniform Partnership Acts of 1914 and 1997 Delaware Revised Uniform Limited Partnership Act Delaware Limited Liability Company Act Uniform Limited Liability Company Act (2006) Restatement (Third) of Agency |
| 3 major forms of business organization: How to Start a Business in Oregon Entrepreneur Press, 2003 This series covers the federal, state, and local regulations imposed on small businesses, with concise, friendly and up-to-the-minute advice on each critical step of starting your own business. |
| 3 major forms of business organization: Quantitative Corporate Finance John B. Guerard, Jr., Eli Schwartz, 2007-11-19 The book addresses several problems in contemporary corporate finance: optimal capital structure, both in the US and in the G7 economies; the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Model (APT) and the implications for the cost of capital; dividend policy; sales forecasting and pro forma statement analysis; leverage and bankruptcy; and mergers and acquisitions. It is designed to be used as an advanced graduate corporate financial management textbook. |
| 3 major forms of business organization: EMPOWERED Marty Cagan, 2020-12-03 Great teams are comprised of ordinary people that are empowered and inspired. They are empowered to solve hard problems in ways their customers love yet work for their business. They are inspired with ideas and techniques for quickly evaluating those ideas to discover solutions that work: they are valuable, usable, feasible and viable. This book is about the idea and reality of achieving extraordinary results from ordinary people. Empowered is the companion to Inspired. It addresses the other half of the problem of building tech products?how to get the absolute best work from your product teams. However, the book's message applies much more broadly than just to product teams. Inspired was aimed at product managers. Empowered is aimed at all levels of technology-powered organizations: founders and CEO's, leaders of product, technology and design, and the countless product managers, product designers and engineers that comprise the teams. This book will not just inspire companies to empower their employees but will teach them how. This book will help readers achieve the benefits of truly empowered teams-- |
| 3 major forms of business organization: Principles of Accounting Volume 1 - Financial Accounting Mitchell Franklin, Patty Graybeal, Dixon Cooper, 2019-04-11 The text and images in this book are in grayscale. A hardback color version is available. Search for ISBN 9781680922929. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the why as well as the how aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization. |
| 3 major forms of business organization: Model Rules of Professional Conduct American Bar Association. House of Delegates, Center for Professional Responsibility (American Bar Association), 2007 The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts. |
| 3 major forms of business organization: The Business of Platforms Michael A. Cusumano, Annabelle Gawer, David B. Yoffie, 2019-05-07 A trio of experts on high-tech business strategy and innovation reveal the principles that have made platform businesses the most valuable firms in the world and the first trillion-dollar companies. Managers and entrepreneurs in the digital era must learn to live in two worlds—the conventional economy and the platform economy. Platforms that operate for business purposes usually exist at the level of an industry or ecosystem, bringing together individuals and organizations so they can innovate and interact in ways not otherwise possible. Platforms create economic value far beyond what we see in conventional companies. The Business of Platforms is an invaluable, in-depth look at platform strategy and digital innovation. Cusumano, Gawer, and Yoffie address how a small number of companies have come to exert extraordinary influence over every dimension of our personal, professional, and political lives. They explain how these new entities differ from the powerful corporations of the past. They also question whether there are limits to the market dominance and expansion of these digital juggernauts. Finally, they discuss the role governments should play in rethinking data privacy laws, antitrust, and other regulations that could reign in abuses from these powerful businesses. Their goal is to help managers and entrepreneurs build platform businesses that can stand the test of time and win their share of battles with both digital and conventional competitors. As experts who have studied and worked with these firms for some thirty years, this book is the most authoritative and timely investigation yet of the powerful economic and technological forces that make platform businesses, from Amazon and Apple to Microsoft, Facebook, and Google—all dominant players in shaping the global economy, the future of work, and the political world we now face. |
| 3 major forms of business organization: Killing Sacred Cows Garrett B. Gunderson, Stephen Palmer, 2008 Our culture is riddled with destructive myths about money and prosperity that are severely limiting our power, creativity, and financial potential. In Killing Sacred Cows, Garrett B Gunderson boldly exposes ingrained fallacies and misguided traditions in the world of per-sonal finance. He presents a revolutionary perspective that can create unprecedented opportu-nity and wealth for individuals. Our financial lives are intimately connected to our societal contributions, and we must be financially free in order to achieve our fullest potential. Yet most people are held captive in their financial lives by misinformation, propaganda, and lack of knowledge. Through well-reasoned arguments and pitiless logic, Gunderson attacks these sacred cows with revelatory insights, such as: High returns without high risk; Security without a corporate job; Debt that increases your financial productivity; Enjoying your money instead of waiting for retirement. Killing Sacred Cows is a must-read for brave individuals willing to question common assumptions and teachings, overcome the herd mentality, break through financial myths, and live a purpose-ful, passionate, and prosperous life. Investors seeking financial advice in The Little Book That Makes You Rich will find this to be a must-read for anyone who wants to achieve their financial potential today. |
| 3 major forms of business organization: How to Write a Great Business Plan William A. Sahlman, 2008-03-01 Judging by all the hoopla surrounding business plans, you'd think the only things standing between would-be entrepreneurs and spectacular success are glossy five-color charts, bundles of meticulous-looking spreadsheets, and decades of month-by-month financial projections. Yet nothing could be further from the truth. In fact, often the more elaborately crafted a business plan, the more likely the venture is to flop. Why? Most plans waste too much ink on numbers and devote too little to information that really matters to investors. The result? Investors discount them. In How to Write a Great Business Plan, William A. Sahlman shows how to avoid this all-too-common mistake by ensuring that your plan assesses the factors critical to every new venture: The people—the individuals launching and leading the venture and outside parties providing key services or important resources The opportunity—what the business will sell and to whom, and whether the venture can grow and how fast The context—the regulatory environment, interest rates, demographic trends, and other forces shaping the venture's fate Risk and reward—what can go wrong and right, and how the entrepreneurial team will respond Timely in this age of innovation, How to Write a Great Business Plan helps you give your new venture the best possible chances for success. |
| 3 major forms of business organization: Tribal Business Structure Handbook Karen J. Atkinson, Kathleen M. Nilles, 2009 A comprehensive resource on the formation of tribal business entities. Hailed in Indian Country Today as offering one-stop knowledge on business structuring, the Handbook reviews each type of tribal business entity from the perspective of sovereign immunity and legal liability, corporate formation and governance, federal tax consequences and eligibility for special financing. Covers governmental entities and common forms of business structures. |
| 3 major forms of business organization: Entrepreneurship Michael Laverty, Chris Littel, 2020-01-16 This textbook is intended for use in introductory Entrepreneurship classes at the undergraduate level. Due to the wide range of audiences and course approaches, the book is designed to be as flexible as possible. Theoretical and practical aspects are presented in a balanced manner, and specific components such as the business plan are provided in multiple formats. Entrepreneurship aims to drive students toward active participation in entrepreneurial roles, and exposes them to a wide range of companies and scenarios. |
| 3 major forms of business organization: Conscious Capitalism, With a New Preface by the Authors John Mackey, Rajendra Sisodia, 2014-01-07 The bestselling book, now with a new preface by the authors At once a bold defense and reimagining of capitalism and a blueprint for a new system for doing business, Conscious Capitalism is for anyone hoping to build a more cooperative, humane, and positive future. Whole Foods Market cofounder John Mackey and professor and Conscious Capitalism, Inc. cofounder Raj Sisodia argue that both business and capitalism are inherently good, and they use some of today’s best-known and most successful companies to illustrate their point. From Southwest Airlines, UPS, and Tata to Costco, Panera, Google, the Container Store, and Amazon, today’s organizations are creating value for all stakeholders—including customers, employees, suppliers, investors, society, and the environment. Read this book and you’ll better understand how four specific tenets—higher purpose, stakeholder integration, conscious leadership, and conscious culture and management—can help build strong businesses, move capitalism closer to its highest potential, and foster a more positive environment for all of us. |
| 3 major forms of business organization: ADKAR Jeff Hiatt, 2006 In his first complete text on the ADKAR model, Jeff Hiatt explains the origin of the model and explores what drives each building block of ADKAR. Learn how to build awareness, create desire, develop knowledge, foster ability and reinforce changes in your organization. The ADKAR Model is changing how we think about managing the people side of change, and provides a powerful foundation to help you succeed at change. |
| 3 major forms of business organization: Business Law I Essentials MIRANDE. DE ASSIS VALBRUNE (RENEE. CARDELL, SUZANNE.), Renee de Assis, Suzanne Cardell, 2019-09-27 A less-expensive grayscale paperback version is available. Search for ISBN 9781680923018. Business Law I Essentials is a brief introductory textbook designed to meet the scope and sequence requirements of courses on Business Law or the Legal Environment of Business. The concepts are presented in a streamlined manner, and cover the key concepts necessary to establish a strong foundation in the subject. The textbook follows a traditional approach to the study of business law. Each chapter contains learning objectives, explanatory narrative and concepts, references for further reading, and end-of-chapter questions. Business Law I Essentials may need to be supplemented with additional content, cases, or related materials, and is offered as a foundational resource that focuses on the baseline concepts, issues, and approaches. |
| 3 major forms of business organization: Limited Liability Companies For Dummies® Jennifer Reuting, 2010-12-07 Flex your entrepreneurial muscle with an LLC The previous drawbacks to forming an LLC have all but disappeared. The IRS has loosened the restrictions on entities electing partnership taxation and subsequently the states have loosened their requirements. Because LLCs are now more flexible entities than any that have ever existed, they remain an attractive option for those launchinga new or relaunching an existing business. Limited Liabilty Companies For Dummies is a clear, concise guide that explains the pros and cons of LLCs and shares insider insights on everything from choosing your members and your company name to creating and filing your Articles of Organization, to the day-to-day operation of your LLC. Plus, you'll the most current, real-world advice on customizing an LLC for your specific business needs. The latest information on federal taxes and fees New filing requirements and coverage of setting up real estate LLCs and LLCs among family members Accompanying CD includes updated tools and forms It's full-steam ahead for LLCs, and this hands-on guide addresses everything you need to know and more! |
| 3 major forms of business organization: How to Start a Business in California Entrepreneur Press, 2003 How to Start a Business in Californiais your roadmap to avoid planning, legal and financial pitfalls and direct you through the bureaucratic red tape that often entangles fledgling entrepreneurs. This all-in-one resource goes a step beyond other business how-to books to give you a jump-start on planning for your business and provides you with: Quick reference to the most current mailing and Internet addresses and telephone numbers for federal, state, local and private agencies that will help get your business up and running State population statistics, income and consumption rates, major industry trends and overall business incentives to give you a better picture of doing business in California Checklists, sample forms and a complete sample business plan to assist you with numerous startup details State-specific information on issues like choosing a legal form, selecting a business name, obtaining licenses and permits, registering to pay for taxes and knowing your employer responsibilities Federal and state options for financing your new venture |
| 3 major forms of business organization: Medical and Dental Expenses , 1990 |
| 3 major forms of business organization: Good Corporation, Bad Corporation Guillermo C. Jimenez, Elizabeth Pulos, 2016 This textbook provides an innovative, internationally oriented approach to the teaching of corporate social responsibility (CSR) and business ethics. Drawing on case studies involving companies and countries around the world, the textbook explores the social, ethical, and business dynamics underlying CSR in such areas as global warming, genetically modified organisms (GMO) in food production, free trade and fair trade, anti-sweatshop and living-wage movements, organic foods and textiles, ethical marketing practices and codes, corporate speech and lobbying, and social enterprise. The book is designed to encourage students and instructors to challenge their own assumptions and prejudices by stimulating a class debate based on each case study--Provided by publisher. |
| 3 major forms of business organization: The Horizontal Organization Frank Ostroff, 1999-02-04 The vertical/functional hierarchy has been the mainstay of business since the industrial revolution. But it has its problems. In fact, the vertical design all but guarantees fragmented tasks, overspecialization, fiefdoms, turf wars, the urge to control from the top--all the negatives that foster organizational paralysis. In The Horizontal Organization, Frank Ostroff provides executives with the first truly viable alternative to the age-old vertical alignment. Indeed, he offers nothing less than the first full view of what the organization of the future looks like and how it works. The concept of horizontal organization has been hailed in Fortune as a model corporation for the next fifty years and in a Business Week cover story as the real thing. But until now, management books have offered only piecemeal accounts of what the organization of the future might look like. Ostroff, a key developer of the concept of the horizontal organization, offers the first workable road map. He describes what the horizontal organization is, what it looks like, why it is important, how it helps improve performance, where it is appropriate, and how to develop it. The book contains real case examples that show how major international corporations (and one federal agency) have used Ostroff's concepts to meet their competitive goals. For instance, we see how Ford Motor Company's Customer Service Division turned to the horizontal organization to meet a highly ambitious goal--to get the customer's car fixed right, on time, the first time, at a competitive price, in convenient locations. We see how a horizontal design radically improved the performance of OSHA (the federal agency that oversees occupational safety), transforming it from a bureaucratic enforcer of regulations to a proactive problem-solver in a concerted effort to improve working conditions and save lives. And we see how Xerox combined both vertical and horizontal designs successfully, a case that underscores when a firm can best use the horizontal organization to achieve their goals. Ostroff also looks at a General Electric plant in North Carolina, Motorola's Space and Systems Technology Group, and the home finance division of Barclays Bank, highlighting how these major corporations have also used the horizontal organization to radically improve productivity. Many successful business books, such as Reengineering the Corporation and Beyond Reengineering, have given managers only a piece of the puzzle. Ostroff gives us the complete picture. The Horizontal Organization offers the first usable roadmap to the twenty-first-century firm. It is a book everyone who desires to radically improve the performance of their organization will want to read. |
| 3 major forms of business organization: Super PACs Louise I. Gerdes, 2014-05-20 The passage of Citizens United by the Supreme Court in 2010 sparked a renewed debate about campaign spending by large political action committees, or Super PACs. Its ruling said that it is okay for corporations and labor unions to spend as much as they want in advertising and other methods to convince people to vote for or against a candidate. This book provides a wide range of opinions on the issue. Includes primary and secondary sources from a variety of perspectives; eyewitnesses, scientific journals, government officials, and many others. |
| 3 major forms of business organization: Enterprise Architecture as Strategy Jeanne W. Ross, Peter Weill, David Robertson, 2006 Enterprise architecture defines a firm's needs for standardized tasks, job roles, systems, infrastructure, and data in core business processes. This book explains enterprise architecture's vital role in enabling - or constraining - the execution of business strategy. It provides frameworks, case examples, and more. |
| 3 major forms of business organization: Laudato Si Pope Francis, 2015-07-18 “In the heart of this world, the Lord of life, who loves us so much, is always present. He does not abandon us, he does not leave us alone, for he has united himself definitively to our earth, and his love constantly impels us to find new ways forward. Praise be to him!” – Pope Francis, Laudato Si’ In his second encyclical, Laudato Si’: On the Care of Our Common Home, Pope Francis draws all Christians into a dialogue with every person on the planet about our common home. We as human beings are united by the concern for our planet, and every living thing that dwells on it, especially the poorest and most vulnerable. Pope Francis’ letter joins the body of the Church’s social and moral teaching, draws on the best scientific research, providing the foundation for “the ethical and spiritual itinerary that follows.” Laudato Si’ outlines: The current state of our “common home” The Gospel message as seen through creation The human causes of the ecological crisis Ecology and the common good Pope Francis’ call to action for each of us Our Sunday Visitor has included discussion questions, making it perfect for individual or group study, leading all Catholics and Christians into a deeper understanding of the importance of this teaching. |
| 3 major forms of business organization: Campaign Guide for Corporations and Labor Organizations United States. Federal Election Commission, 1994-03 |
| 3 major forms of business organization: A Guide to Starting a Business in Minnesota Charles A. Schaffer, Madeline Harris, 1983 |
| 3 major forms of business organization: How to Start a Business in Colorado Entrepreneur Press, 2007-07-09 SmartStart Your Business Today! How to Start a Business in Colorado is your road map to avoiding operational, legal and financial pitfalls and breaking through the bureaucratic red tape that often entangles new entrepreneurs. This all-in-one resource goes a step beyond other business how-to books to give you a jump-start on planning for your business. It provides you with: Valuable state-specific sample forms and letters on CD-ROM Mailing addresses, telephone numbers and websites for the federal, state, local and private agencies that will help get your business up and running State population statistics, income and consumption rates, major industry trends and overall business incentives to give you a better picture of doing business in Colorado Checklists, sample forms and a complete sample business plan to assist you with numerous startup details State-specific information on issues like choosing a legal form, selecting a business name, obtaining licenses and permits, registering to pay taxes and knowing your employer responsibilities Federal and state options for financing your new venture Resources, cost information, statistics and regulations have all been updated. That, plus a new easier-to-use layout putting all the state-specific information in one block of chapters, make this your must-have guide to getting your business off the ground. |
| 3 major forms of business organization: Principles of Accounting Volume 2 - Managerial Accounting Mitchell Franklin, Patty Graybeal, Dixon Cooper, 2019-02-14 A less-expensive grayscale paperback version is available. Search for ISBN 9781680922936. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the why as well as the how aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization. |
| 3 major forms of business organization: Principles of Management David S. Bright, Anastasia H. Cortes, Eva Hartmann, 2023-05-16 Black & white print. Principles of Management is designed to meet the scope and sequence requirements of the introductory course on management. This is a traditional approach to management using the leading, planning, organizing, and controlling approach. Management is a broad business discipline, and the Principles of Management course covers many management areas such as human resource management and strategic management, as well as behavioral areas such as motivation. No one individual can be an expert in all areas of management, so an additional benefit of this text is that specialists in a variety of areas have authored individual chapters. |
| 3 major forms of business organization: The Lonely Entrepreneur Michael Dermer, 2016-05-27 ENTREPRENEUR IS NOT A JOB, IT IS AN IDENTITY MICHAEL DERMERDo you feel......that you have a great business but are struggling to thrive'...that the world is on your shoulders'...that you are energized and overwhelmed at the same time'...that no one understands or cares as much as you do?In The Lonely Entrepreneur, author and entrepreneur Michael Dermer shows you how to thrive in the entrepreneurial struggle by changing your perspective.What took a decade to build was destroyed in ten days!Michael faced the perfect storm of struggles when the business he spent ten years building was almost wiped out in ten days by the financial crisis of 2008.Bankrupt customers. Enraged investors. Angry creditors. It would take years of working 24 hours a day to save his company. How did he do it?THE DIFFERENCE BETWEEN SUCCESS AND FAILURE IS YOUR PERSPECTIVEMichael changed his perspective. He realized that with the right perspective, solutions were everywhere. With the wrong perspective, the simplest of tasks seemed impossible. Not only did Michael successfully sell his company and become an industry pioneer, he discovered a methodology that helps all entrepreneurs with the issue we face--the struggle.In The Lonely Entrepreneur you will learn how to:* Identify the flawed perspectives you develop under the influence of the four Ps--pressure, passion, pleasure, and pain.* Change your perspectives from those that stifle progress to those that empower you to thrive. |
| 3 major forms of business organization: Guiding Principles on Business and Human Rights United Nations. Office of the High Commissioner for Human Rights, 2011 This publication contains the 'Guiding Principles on Business and Human Rights: Implementing the United Nations Protect, Respect and Remedy Framework', which were developed by the Special Representative of the Secretary-General on the issue of human rights and transnational corporations and other business enterprises. The Special Representative annexed the Guiding Principles to his final report to the Human Rights Council (A/HRC/17/31), which also includes an introduction to the Guiding Principles and an overview of the process that led to their development. The Human Rights Council endorsed the Guiding Principles in its resolution 17/4 of 16 June 2011.--P. iv. |
| 3 major forms of business organization: Entrepreneurial DNA: The Breakthrough Discovery that Aligns Your Business to Your Unique Strengths Joe Abraham, 2011-03-21 What’s your entrepreneurial style? “This powerful, practical book gives you proven techniques to help you maximize your personal and business potential and make more money than ever before.” —BRIAN TRACY, author of The Psychology of Selling “Stop trying to fit the mold of some successful entrepreneur you’ve seen and start tapping your own DNA—this book will show you how.” —JOHN JANTSCH, author of Duct Tape Marketing and The Referral Engine “This book is the ultimate roadmap to building a thriving business and life as an entrepreneur. Joe Abraham’s ideas and insights are fresh, innovative, timeless, and guaranteed to produce real results and position you for long-term success.” —IVAN MISNER, New York Times bestselling author of The 29% Solution and founder of BNI and Referral Institute “Joe is the next-generation version of Michael Gerber.” —ERIC PLANTENBERG, founder and CEO, Freedom Personal Development “Are you interested in knowing your strengths and weaknesses as an entrepreneur and the strategies that work best for your particular DNA? If so, read this insightful and helpful book.” —RAFAEL PASTOR, Chairman of the Board and CEO, Vistage International About the Book: Entrepreneurial DNA proves the simple but critical fact that not all entrepreneurs are cut from the same cloth. After all, nobody would put Donald Trump, a multilevel marketer, and the owner of a local pizza parlor in the same category. Everyone possesses unique entrepreneurial “DNA”—and discovering yours is the critical first step to success. To help you build a successful business or optimize results within your current business, serial entrepreneur and business strategist Joe Abraham has developed the BOSI system—a simple, structured process for determining your own entrepreneurial tendencies, strengths, and growth areas. With the BOSI system, you can create a strategic plan mapped to your entrepreneurial DNA that will improve all aspects of your business and leadership journey. Abraham’s system provides four entrepreneurial categories that people fall into. Which type of entrepreneur are you? Builder: Strategic, always looking for the upper hand Talent: creating scalable business ventures Opportunist: Speculative, always in the right place at the right time Talent: making money fast Specialist: Focused, in it for the long term Talent: providing exceptional client service Innovator: Inventive, with a desire to make an impact Talent: creating game-changing products At least one of these four categories describes you—or perhaps a combination of two. Learning what type of entrepreneurial DNA you possess is critical to how you should structure and deploy your game plan in business. Whether you’re serious about becoming a successful entrepreneur or improving your existing business, start with Entrepreneurial DNA. You’ll discover your unique BOSI profi le and gain tremendous insight into how to engage the right people and develop plans and processes to match who you are. |
| 3 major forms of business organization: Choosing the Business Entity Elliott Manning, 1989 |
| 3 major forms of business organization: Information Systems for Business and Beyond David T. Bourgeois, 2014 Information Systems for Business and Beyond introduces the concept of information systems, their use in business, and the larger impact they are having on our world.--BC Campus website. |
| 3 major forms of business organization: Business and Commerce Code Texas, 1968 |
| 3 major forms of business organization: The Balanced Scorecard Robert S. Kaplan, David P. Norton, 2005 |
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