1. INTRODUCTION:
COCA-COLA is a private organization, and it aims to develop a successful consumer and supply chain. A vertical hierarchy governs the company structure of Coca-Cola. It has top management who have the final decision-making power, and the financing is raised funds through Coca-Cola HBC Finance B.V., which helps reduce the firm’s financial costs. (Brondoni, 2019) Another sector is the organization sector British Council is a charitable organization it aims to promote, for the common good, any charity goal that is solely for the wellbeing of the common people. The British Council works under a cluster or group structure that comprises subsidiary businesses in the U.K. and abroad and the British Council charity. Financing is done through education, and collaborations account for over 85% of its revenue.
The third sector is the public sector which is the National Health Service. It aims to continually improve the quality of healthcare, assisting in the creation of the healthiest service possible; its company structure is composed of several entities, each with its recruiting staff and job openings, and the financing of NHS is primarily funded through general taxations, and from National Insurance payments (Wolfe et al., 2011)
Many public organizational impacts are due to implementing new projects that need adjustments to the current workplace method. The national government’s lack of consistency and continual changing of efforts might lead to cynicism against new initiatives (Shim and Faerman, 2017). Nonprofits have a bigger impact since they generate economic growth and employment; it expands the economic effect, develops employment, and increases tax income for the city. Government plays a huge role in regulating business sectors. Interest rates are influenced by government policy, and a rise in interest rates adds to the cost of lending for businesses. Authorities can use subsidizing to raise costs and make local goods more desirable by charging the population and transferring the funds to a sector or tariffs to raise taxes on imported items to raise prices. (Kilincarslan, Elmagrhi and Li, 2020)
2. LEGAL STRUCTURES:
SOLE PROPRIETORSHIP:
Given the absence of government involvement, a sole proprietorship is the most straightforward firm to create or close. Such businesses are very popular because a separate company identification isn’t necessary, numerous sole proprietors function on their names. (Kasahun, 2020)
Advantages:
The flexibility with which a company may be formed. The taxation preferences and personnel decisions, control, etc.
EXAMPLE: STARTUPS (Blair and Marcum, 2015)
Disadvantages:
Marketing, funding, and company credits are more difficult to come by.
EXAMPLE: Nokia failed as it was a solo business and could not bear the loss. (Panigrahi, 2020)
PARTNERSHIP:
It is a contractual arrangement between two or more persons to govern and implement a business while splitting the profits. There’s also the sleeping associate, who isn’t involved in the company’s everyday operations. When compared to founding a company, establishing a partnership might well have tax benefits. (Needle and Burns, 2010)
Advantages:
More companions, more money. Dividing responsibilities necessitates the development of a diverse range of talents
Example: MARKS AND SPENCER a famous partnership company (Brauner, Dourado, and Traversa, 2015)
Disadvantages:
Durational uncertainty is there, balance lacks, and resources are limited.
EXAMPLE: Novel and WordPerfect broke into a partnership due to durational uncertainty (Taneja and Taneja, 2014)
CORPORATION:
It is a legal entity that operates in its own right, separate from its stockholders. Underneath the legislation, corporations have the same kind of accountabilities and responsibilities as individuals. They have the constitutional ability to sign contracts and provide loans and take loans, bring lawsuits, recruit staff, possess commodities, and pay taxes. (Drucker, 2017)
Advantages:
Sources of ownership can be transferred. Furthermore, corporation structure have restricted liabilities
EXAMPLE: Coca Cola a famous corporation (Brondoni, 2019)
Disadvantages:
Enormous tax filings and independent management.
EXAMPLE: Segway failed due to mismanagement (Pixová and Sládek, 2016)….
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