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Monthly Archives: May 2014

Erika James Smashes Gender Bias In Corporate Leadership

Erika JamesMoving up the corporate ladder has not been easy for women. However, things are changing. As a result, Erika James recently benefited from this change. She has been appointed the dean of Emory University’s  Goizueta Business School.

 

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Posted by on May 31, 2014 in ECONOMY, POLITICS

 

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The Components of Effective Communication Process

Skills Based Panel with Zarb Alumni - "What is Business Communication?"Communication is very important in our lives . We use communication for instance not only to inform and share; but also to take the necessary actions. However, before we communicate with one another it is important to understand its key components. The key components for effective communication include the message, channel, the sender, receiver and feedback. Read the rest of this entry »

 
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Posted by on May 24, 2014 in ECONOMY

 

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Getting Business Education Is A Mutual Task

Getting business education is a mutual taskKrishnamurti once said that “Right education is a mutual task”. By this he meant that to properly educate oneself requires not only personal knowledge, but also that from others. This implies that one may get education from various sources including school teachers, parents, friends and so on. Read the rest of this entry »

 
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Posted by on May 21, 2014 in ECONOMY

 

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Types of Business Organizations and Decision Making

Be organizedWhen trying to think about the kind of business one wants to go into, a number of activities and decisions have to be made. For instance you may wish to consider the name of your business, the location, its activities or function, funding, and much more. Although such activities and decisions may be varied, one can still rationalize them.

One of the ways to rationalize business decisions is to look at its organizational form and its characteristics. Business organizations may take many forms including sole proprietorship, partnership or a corporation.Each of these forms of business organization has its peculiar characteristics.

1. Sole Trader By its nature, a sole trader is both the owner and manager of the business. As the owner, one has to make the decisions for the business. However, the decisions you make will not need or require the expertise of another.

Although making business decisions as a sole trader may have its advantages including being easy and quick, there are disadvantages. First, as the owner when losses occur you bear all the consequences. There will be no sharing of losses with anyone else. Second, all the business obligations including bills will be paid by you the owner. Such problems may however be lessened if you are in partnership.

2. Partnership The partnership business organization form has at least two or more owners. This means that decisions concerning how the business will be run is shared. This may including funding and management. As a result of sharing management of the business, risks may be reduced as opposed to the case of sole trader.Another good bit with this form of business is ease of formation. Once the partners have agreed on everything, then they may move to its formation. However, forming a partnership is business is even less complex when compared with a corporation.

3. Corporation Although forming a business corporation requires the fulfillment of detailed execution of procedures including registration, funding and much more, there are advantages. To execute these procedures effectively may require one’s experiences gained over the years in running the business, or learn them by going to business schools and enroll for online courses.

Despite having the knowledge to run a corporation there are risks and benefits.  First, risks and benefits are shared among owners. The owners will not be personally liable in the case of creditors wanting their money back, but can protect themselves up-to the amount of share holding. This means that if one owns 10% share in the corporation, this would be the maximum level of liability.

Secondly, when profits are generated from the corporation, these are shared according to level of investment. For instance the shareholder who invested 50% into the corporation would generally benefit to that level. For this matter, when deciding the kind of business to go into, consider the available forms. These may be sole trader, partnership or corporation. Each of these forms has its disadvantages and advantages as this song goes.

What do you say?.

 
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Posted by on May 17, 2014 in ECONOMY

 

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