Purposes Of Different Types Of Organisation Economics Essay

Purposes Of Different Types Of Organisation Economics Essay The sole trader is a business owned by one person who is self-employed and why may, in some cases, employ other people on a full or part time basis. Normally using personal funds to start business, the sole trader decides on the type of goods or services to be produced, where the business is to be located, what capital is required, what staff(if any) to employ, what the target market should be. In Britain about eighty per cent of all business is sole traders. The reason for this predominance is the relative ease with which an individual can establish a business this type. Examples include: builders, small shops, independent agents. Partnership is when two or more individuals establish a business which they own. The partners have unlimited personal liability both jointly and severally.   The liability of limited partners is limited to their investment in the partnership. Under the law, partnerships are limited to 20 or less partners. Partnership companies usually have written contracts between partners, but thats not necessary. This states the type of partnership it is, how much capital each party has contributed, and how profits and losses will be shared. The typical examples of partnerships are doctors, dentists and solicitors.  They can benefit from shared expertise, but like the sole trader, have unlimited liability. Limited companies are companies which are registered at Companies House- www.companieshouse.gov.uk. It is a legal entity or legal person with its own legal rights and obligations, separate and distinct from those of its members. All property, which is registered on company, belongs to company and is not treated as belonging to the companys shareholders and directors. The benefit of limited company is that is offers limited liability to its members. The company as a separate legal entity is liable for its debts and the members and directors are not personally liable unless they have acted wrongly in some way. There are two types of limited companies as public limited companies (PLCs) and private limited companies (Limited, LTD). The vast majority of trading companies are private companies limited by shares. Many private companies are very small. There is no minimum capital required for private company and its commonly less than 100 £. A private company may not offer shares to the public. For example it can be any shop, pub, construction company etc. PLC is company which  is appropriate for larger businesses where shares are intended to be available to the general public. A public company must have a minimum share capital of  £50,000, of which at least one-quarter plus any share premium must be paid up before the company can obtain its trading certificate from Companies House and start trading. This is the only type of company which may raise capital by offering shares to the public. For example its some supermarket chain, delivery company or airlines company. Consumer co-operative societies are organisations owned by consumers which aim is fulfilling needs and aspirations of their members. They operate in market system independently from the state as mutual aid, oriented to service rather than make a profit.  Consumers cooperatives often take the form of retail outlets owned and operated by their consumers, such as  food cooperatives, health care, insurance,  housing,  utilities  and personal finance. Workers co-operatives are organisations in which ownership and control of the assets are in the hands of the people who working in it. They have the objective of creating and maintaining sustainable jobs and generating wealth, to improve the quality of life of the worker-members, dignify human work, allow workers democratic self-management and promote community and local development. The main principles of the organisations are democracy, open membership, social responsibility, mutual co-operation and trust, help to differentiate co-operative from other forms of business organisations. Public corporations are legal entities created by government to undertake commercial activities behalf of an owner government. In the public sector the state owns assets in various forms, which it uses to provide a range of goods and services felt to be of benefit to its citizens. These state corporations an important part of the public sector of the economy and they are very significant to national output, employment and investment. These public corporations are hospitals, municipal water companies, rail services etc. Describe the extent to which an organisation meets the objectives of different. The main organisational objective of for-profit organisation is to make more profit. Aims and objectives establish where the business would like to be in the future, helping to control their plans, motivate staff and give everyone sense of direction. Any decision made within the organisation should be in line with their aims and objectives. The objectives are influence by various stakeholders, as well as the nature of the business. Different stakeholder groups will have different objectives to satisfy their interests. Objectives can be: corporate which affect the whole business, departmental objectives that are for a certain area of business and individual objectives are used in performance appraisal for employees. Employees- wage levels; working conditions; job security; personal development Managers- job security; status; personal power; organisational profitability; growth of the organisation Shareholders- market value of investment; dividends; security of investment; liquidity of investment Creditors- security of loan; interest of loan; liquidity of investment Suppliers- security of contract; regular payment; growth of organisation; market development Society- safe products; environmental sensitivity; equal opportunities; avoidance of discrimination Explain the responsibilities of an organisation and strategies employed to meet them. Every company, business, department has a duty and remit to provide a service. An organisation must operate within the boundaries of the law. Reputation and trust are everything, and a consumer cant have trust or faith in your ability to deliver if you cant prove and guarantee youre legitimacy. An organisation must also have strict financial control. Recruitment is vitally important. Organisations need reliable workers who have enthusiasm, but also intelligence; workers that are able to be creative but also to take advice and critique from management. Also organisations are responsible for health and safety of their employees. They need to provide safe working environment and equipment. Explain how economic systems attempt to allocate resources effectively. There are three kinds of economic system which are basically adopted by the different countries. They are: free market, centrally planned, mixed market. Free market economic system: The intervention of government is kept at a minimum level or neglected in free market system and all the economics resources comes under the private sectors as well market. Price mechanism will determine how much of goods or services will be supplied according to the market demands. Most decisions are based on market mechanism. The supply, demand and ability play the vital role in market decision making. As per looking at the free market system it raises the various unsolved questions like who will produce the goods and services and infrastructures for the country to meet the needs of every public. For example UK. Centrally planned economy system: Centrally planned economic system refers that government allocates the economic resources; government makes all the planning regarding the economical activities. Private sectors are kept far away in involvement of any economical accumulation. These kinds of economics were found in the Asian, central Europe, Eastern Europe and Latin American nations but now these are found in Cuba, Iraq, Iran, North Korea etc. In these systems basically unemployment problems will not be faced since government plan all the economical activities and resources will be allocated based needs of its people and different industries inputs. Mixed economy system: This system is a mixture of all other systems. The system where both capitalism and socialism economic system are included it is known as mixed economic system. Mixed economic system splits the available economic resources available in the country to both private sectors and government. Private sectors are encouraged to get involved and participate in utilizing the resources which helps to gain economic profit for whole nation. Countries like USA, UK, Russia and China to countries like Cambodia, Peru and Vietnam has adopted this economic system. When one fails to meets the public desire other can get it and helps to maintain the economic balance not only in the particular country but also the whole nation. Assess the impact of fiscal and monetary policy on business organisations and their activities. Fiscal policy decisions have a widespread effect on the everyday decisions and behaviour of individual households and businesses. Basically fiscal policy means how government taxes us and how it spends the money. Increased taxation makes the price of goods and services more expensive, reducing demand for them and reducing employment. Lower taxes mean more disposable income for consumers and more cash for businesses to invest in jobs and equipment. Stimulus-spending programs, which are short term in nature and often involve infrastructure projects, can also help drive business demand by creating short term jobs. Increasing income or consumption taxes usually mean less disposable income, which, over time, can decelerate business activity. Monetary policy impact changes in short term interest rates influence long term interest rates, such as mortgage rates. Low interest rates mean lower interest expense for businesses and higher disposable income for consumers. This combination means higher business profits. Lower mortgage rates may spur more home buying activity, which is usually good for the construction industry. Lower rates also mean more refinancing of existing mortgages, which may also enable consumers to consider other purchases. High interest rates can have the opposite impact for businesses: higher interest expenses, lower sales and lower profits. Interest-rate changes can affect stock prices, which can impact consumer spending. Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation. Apple Inc. Apple Inc was founded on April 1, 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne in U.S. California. They had produced and selling computers. Company was growing up very quick, because they were kind of pioneers in that industry. Apple Computer was predominantly a manufacturer of personal computers. Apple core product lines are: Macintosh computer line, iPod music player, iPhone and iPad. The company now is also known for its iOS product range that began with iPhone, iPod and iPad. They also have iTunes- online music store. Now Apple is the largest technology company in the world its stock market value is $500 billion. Revenue of 2011 was $127.8 billion in sales. Recently, European Commission accused Apple Inc. of violating European Competition rules in music industry. Apple Inc. uses iTunes to sell particular songs. iTunes services prevent its users in one Member State of the European Union to buy songs from another iTunes webpage, which is located in another Member State. E.g. if consumer lives in the Czech Republic and he wants to buy the particular song from Slovakian iTunes webpage, he is not allowed to do so. That means that the price of the song shall be charged according to the place where the consumer lives (cost of songs varies between the Member States). European Commission sent to the Apple Inc. so called statement of objections which accused the Apple Inc. of unfair agreements with record labels of containing territorial sales restrictions, which violates European Union competition rules. The Apple Inc. tried to defend itself that this policy was as the outcome of the demands of the music record industry. Moreover the music which is bought from iTunes obligate to use only the Apple iPod music player, because other portable music players, does not support songs bought from iTunes. iPod users in the United Kingdom have to pay more cash for the song if they want to buy it from the iTunes online store in the United Kingdom than other users in the Continental Europe. European Commission was investigating this issue and threatened Apple Inc. with the fine of GBP 330.000.000. Explain how market structures determine the pricing and output decisions of businesses. Market structure is number of firms producing identical product homogenous. Monopolistic competition where there is a large number of firms, each having a small proportion of the market share and slightly differentiated products. They take the prices of other competitors as given and ignore the impact of its own prices of other firms. The number of firms and output determines supply and demand. For example: Coke and Pepsi; toothpaste; shaving foams like Gillette and Dove. Oligopoly is when a small number of firms control the market. Then usually prices of products or services are high. Industries which are examples of oligopolies include: Steel industry, aluminium, film, television, cell phone, gas, electricity. Duopoly is a special case of an oligopoly where two companies compete in a market. Monopsony when there is one buyer faces with many sellers. Oligopsony, a market where many sellers can be present but meet only a few buyers. Monopoly, where there is only one provider of a product or service. For example it was Microsoft Company in U.S. Natural monopoly is when firm is a natural monopoly if it is able to serve the entire market demand at a lower cost than any combination of two or more smaller, more specialized firms. Perfect competition a theoretical market structure that features no barriers to entry, an unlimited number of producers and consumers, and a perfectly elastic demand curve. Illustrate the way in which market forces shape organisational responses using a range of examples. Supply and demand are the forces that make market economies work. They determine the quantity of each good produced and the price at which it is sold. A market is a group of buyers and sellers of a particular good or service. The buyers as a group determine the demand for the product, and the sellers as a group determine the supply of the product. For example, if oil prices rises then price of delivery services rise and the price of the goods as well. When summer is end and tourist season is finished then prices of hotel rooms goes down. If grape harvest is bad one year then prices of wine will be higher in next year. Judge how the business and cultural environments shape the behaviour of a selected company. Apple Inc. The approach they working with and the secret of success, is based on simple, creative design and ease of using technology on daily bases. The success of Apple is embedded in Steve Jobs strength-based approach to company strategy. The pillars of Steve Jobs strategy are built upon a core of capabilities, the seizing of opportunities, and an organizational culture that enables the attainment of Apples goals. Steve Jobs was one of the companys master minds who had absolutely genial ideas, and he realized those ideas to change people lives. Before iPhone was released and smart phones come to our lives, the mobile phones became more complicated and difficult to use them. When the Apple released iPhone, it changes mobile phone market for ever. It was sensation, because it was absolutely different and completely new technology with touch screen and without many buttons as usually. Now the iPhone is part of many people lives and also fashion. iPhone becoming more popular in the world and the Apple now is 3rd larger mobile phone company in the world. Discuss the significance of international trade to UK business organisations. Some of the key commodities in which the UK trades are manufactured goods, beverages, fuels and chemicals. According to a World Trade Organization (WTO) report published in 2008, the UK has retained its position as the worlds largest commercial services exporter. Moreover, with the UK recording a profit of $263 billion in the commercial services sector, the country continues to be the worlds second largest provider of these services. UK trade consists of the movement of goods and services within the European Union, of which it is a member, and to non-EU countries. International trade in the UK is assisted by UK Trade Investment (UKTI). This government organization focuses on enhancing the competitiveness of UK companies through overseas trade and investments. It also aims at continuing to attract high-quality foreign direct investment (FDI). In order to attract foreign businesses and foreign investment, the British government has adopted a variety of programs. For instance, the Parliament allows local and regional governments to establish enterprise zones. In these zones, companies receive exemptions from property taxes and reimbursement for costs involved in the construction of new factories or business locations. There are also programs that provide incentives for companies to locate in economically depressed urban areas that are known as Assisted Areas. In 1998, the total value of these programs was US$315 million. There are 7 free trade zones in the United Kingdom (Birmingham, Humberside, Liverpool, Prestwick, Sheerness, Southampton, and Tilbury). These zones allow goods to be stored for shipment without tariffs or import duties. Analyse the impact of global factors on UK business organizations. International trade and the UK economy: UK businesses will see international trade growth accelerate from 2014 as the global economy ends a period of growth contraction, according to HSBC. There are fundamental changes taking place in world trade, UK exports to China and to India grew by 21% and 37% respectively in 2011 and HSBC estimates that it processed around one third of these by value. Market opportunities: Evaluating markets and future trends can be a major challenge for any business. New market opportunities spring from a range of possible sources and vary in their size, importance, and risk. New demographic or vertical industry segments New geographic regions Alternate offerings of service models, supplies, and other annuities World Trade Organisation (WTO) is the only international agency overseeing the rules of international trade. It polices free trade agreements, settles trade disputes between governments and organises trade negotiations. 4.3 Evaluate the impact of policies of the European Union on UK business organisations. The United Kingdom is a member of the European Union but isnt part of the single currency, the Euro. Free trade The EU is a trade bloc which means there are no quotas or tariffs for companies exporting goods and services within the EU. European legislation is meant to make it easier for UK businesses to trade across the EUs 27 states. The internal market the single market means UK citizens are free to move, live, study and trade anywhere within the EU.

F. Scott Fitzgeralds The Great Gatsby :: essays research papers

The Great Gatsby F. Scott Fitzgerald published The Great Gatsby in 1925. The novel is in general about middle and upper class American citizens. The novel tells about their lives after World War I had ended. The setting is Long Island, New York.   Ã‚  Ã‚  Ã‚  Ã‚  In chapter one, the book introduces Tom Buchanan and his wife, Daisy. Nick, the narrator, and Tom knew each other. Nick and Tom had gone to Yale together. Nick and Daisy are distant cousins. Tom is an adulterer. During dinner, Tom receives a phone call from his mistress.   Ã‚  Ã‚  Ã‚  Ã‚  Dr. J. T. Eckleburg is on a billboard overlooking the Valley of Ashes. Tom’s mistress is a woman named Myrtle. Myrtle is exactly the opposite of Daisy. The only reason Myrtle is with Tom is to move up into a more sophisticated class. Myrtle’s sister tells Nick that the only reason Tom and Myrtle will not marry is because Daisy is catholic. The real reasons; however, is because Myrtle is not the â€Å"arm ornament† that Daisy is. Myrtle says Daisy’s name and Tom hits her. Myrtle’s nose starts bleeding.   Ã‚  Ã‚  Ã‚  Ã‚  A man named Jay Gatsby lives beside Nick. Nick does not know anything about his neighbor. Gatsby is always having parties. Finally, Gatsby invites Nick to a party. Nick thinks that Gatsby’s parties are wild and not very organized. Nick and Jordan Baker become attached at this party. Nick and Jordan hear that the host may have killed someone. They have never met Gatsby, so they do not really know what kind of person he is. Nick and Jordan hear that Gatsby was a German spy during the war. They also hear that Gatsby was in the American army during the war. Nick and Jordan begin wondering around. They go into Gatsby’s library. In the library, they meet â€Å"Owl Eyes.† â€Å"Owl Eyes† is a very strange person with glasses. He is always drunk. â€Å"Owl Eyes† can not believe Gatsby’s books are real.   Ã‚  Ã‚  Ã‚  Ã‚  When Nick finally meets Gatsby, he finds out the rumors were not true. Nick learns that him and Gatsby were in the same division during the war. They were also stationed near each other. Gatsby was not at all the person Nick thought.   Ã‚  Ã‚  Ã‚  Ã‚  The date is now July 5, 1922. Gatsby and Nick begin to get closer. Gatsby tells Nick a little about his past. Gatsby tells Nick that his world travels were a way to forget a sad event.

Sarah’s Night

Sarah wanted to impress them. Maybe Sara did not have many friends, and she wanted to make sure to make a good Impression on these new friends. New friends can be exciting, and the thought of going to a party excited her more because she had never been to a party. Sarah was trying to impress these friends by doing things she had never done. The ways Sarah displayed cognitive dissonance was her excitement of having new friends, and doing something different, but at the same mime she was uneasy about going to the party because she knew she should be home and was worried that she may get caught, and get Into trouble with her parents.She still had fun at the party and was glad that she went, but she still knew she should have been at home, and should have obeyed her parent's rules. Sara conformed to her peer†s beliefs by going to the party with them. They told her how much fun she would have, and she would be missing out if she did not go. Sara gave into peer pressure. Even though she knew this would cause problems with her parents, she anted her new friends to like her. That is why she gave into the peer pressure.Sara also had the excitement of going to the party. She had never been to a party before and was excited as well as curious. Some of the reasons Jack was Interested In Sara was because he found her attractive, they both lived In the same neighborhood, and when they started talking they found out they had the same taste in music, and had some of the same hobbies. These are related to the factors of attraction. Physical attraction because Jack said Sara was beautiful. Proximity because Jack and Sara lives n the same neighborhood.Similarity because they found out they have the same taste In music, and had some of the same hobbles. Aggression was the type of social Interaction displayed through the fight at the party. The aggression started as yelling, and quickly turned into a physical fight. We are not sure what started the fight. It could have starte d as a simple misunderstanding, or maybe of the guys was talking to the other's girlfriend, and that started a fight. It could have been a case of bullying, alcohol may have been involved as well. There were also teens from different spinsterhood at the party.This could be an issue If one is from a better part of town, so he thinks he may be better than the teen that does not have as much. Social even Sara and her friends. Up to the point of the fight, everyone was having a nice time at the party, but that stopped almost everyone's good time. Sarah's behavior was mostly influenced by her friends almost all night long. Starting off when they wanted her to go to the party. I'm sure she felt pressure, and wanted to fit in with her new friends. I believe that is why she said yes to them, and went to the party.Obviously Sara knows right from wrong, but at 15 years old, she succumbed to peer pressure. Teenagers are easily more influenced at this age because they want to fit in with their friends. Sara was worried about get caught, and getting into trouble with her parents, but she knew she always had listened her parents, and never got into trouble. This made her think it would be all right, and she would not get into much trouble if she went to the party because she had never been in trouble. Sara and her friends were influenced to leave the party because of the fight that broke out.If not for the fight, I am sure they would have stayed much longer. Looking back on the night, I am sure Sara may have had mixed emotions. Some positive, and some negative. On the positive she got to experience her first party with her new friends, and she met a boy at the party. On the negative she probably let her parents down by breaking curfew, and had them worried about her. Sara had to wonder if it were worth lying to her parents to have fun, or is her new friends, and the party more important. This is something Sara will need to have a look at in her life.

Advantages and Disadvantages of Servant Leadership Free Essay Example, 750 words

ï » ¿Advantages and Disadvantages of Servant Leadership It is undeniable that servant leadership has permeated through the management practices especially in the 21st century. Spearheaded by Robert K. Greenleaf, this model of leadership has gained ground to be one of the most common leadership models in many organizations. According to Greanleaf, servant leadership emanates from the intrinsic desire to be a servant. In his thinking, servant leadership needs to embrace the idea of serving others first in order to make them more useful, practical, and empowered (Frick 13-20). In return, the employees then become more useful towards the goals and objectives of the organization. However, implementation of servant leadership has a wide array of challenges. This essay focusses on advantages and disadvantages of servant leadership. One of the primary advantages of servant leadership is its robustness in diverse workplaces. In diverse institutions, servant leadership espouses to attend to each employee in the organization. When every employee in different sectors of the organization is empowered to act in accordance to organizational goals, the result is and effective work output. In contrast, an autocratic form of leadership would otherwise not be able to attend to all employees, leading to unbalanced work output. We will write a custom essay sample on Advantages and Disadvantages of Servant Leadership or any topic specifically for you Only $17.96 $11.86/pageorder now Nevertheless, the success of servant leadership in such large organizations primarily depends on the employees’ ability to be nurtured to be leaders themselves. Another important advantage is the possibility of achieving high productivity and capacity among employees. Servant leadership tends to command respect, trust, and loyalty from employees. Therefore, organizations using servant leadership model are able to record more work output because employees feel as an important part of the organization. Indeed, employees who are nurtured to be leaders in different capacities develop a sense of ownership to the organization as opposed to autocratic, dictatorial, or centralized form of leadership. Servant leadership cultivates high levels of involvement not only in daily operations of the organization but also in decision making. Whereas servant leadership seeks to attend to the needs of employees, the employees in turn feel empowered to attend to the needs of the customers and the organization in general. Furthermore, employees working under servant leadership are given the opportunity to make decisions, provide views and opinions, as well as air their concerns. This is a great advantage to the organizations as it can be able to tap into the wide variety of ideas from different employees. This is more important as opposed to the one sided ideas found on other centralized forms of leadership. On a different note, servant leadership can be likened to delegation of duties. In this aspect, a servant leader is in a position to empower the employees to meet organizational goals with minimal supervision. Therefore, even in situations when a servant leader may be temporarily not in touch with the employees, the employees can actually act as leaders in their own individual capacities. This comes in handy in situations where top management is undergoing a paradigm shift or when an organization is changing from one leader to another. However, servant leadership has its challenges as well. One of the primary disadvantages of servant leadership is the energy and time taken to instill servant leadership ideology in the minds of employees. Whereas autocratic form of leadership needs to set rules and make sure they are followed, servant leadership needs to nurture each individual to be a leader in their own capacity. Training every person to be a leader and to align personal values and beliefs to organizational goals takes time and effort. Therefore, realizing the benefits of servant leadership may take quite significant amount of time. Another disadvantage of servant leadership is the apparent lack of authority. Arguably, employees may see their leaders as weak. The authority that comes with leadership is more often aimed at instilling discipline and order in the organization in the efforts of representing the command of investors. However, servant leadership seems to lack the â€Å"father† or authoritative figure and therefore, the servants might end up not respecting their roles in the organization. Lastly, organizations have an almost similar form of organizational structure whereby leadership comes from the top. In every level in the leadership hierarchy, each person has roles, privileges, and responsibilities. However, servant leadership seems to break down this organizational structure. In conclusion, servant leadership is significantly important in that it empowers employees to be managers in their capacities. It also provides opportunity to harness ideas from employees and also ensure smooth transi tions during top management changes. However, implementing servant leadership takes time, may de-structure managerial structure, and may lead to less work output if not well managed. Works Cited Frick, Don M. Robert K. Greenleaf: A Life of Servant Leadership. San Francisco, Calif: Berrett-Koehler Publishers, 2004. Print.