管理学原理Ch1 Introduction.pptVIP

Partnership a partnership is an association of 2 or more people getting together to do business. Most partnerships have unlimited liability although sometimes certain partners may have limited liability. Advantages of partnership More capital available More partners to share the work silent partner sleeping partner dormant partner acting partner active partner working partner Less stress on each person Disadvantages of partnership Slow down decision making Conflicts and disagreements Profits to be shared Unlimited liability companies A company is a legal entity in itself. A company is registered under the Companies Act. Structure of Companies A company is owned by the shareholders who provide the capital. Shareholders=stockholders board of directors： inside directors, outside directors. part-time or full-time directors. Manager： in charge of the day-to-day business matters. The duties of the directors : Planning long term strategies Appointing senior executives Ensuring funds are properly used Declaring dividends advantages of limited companies large sums of capital able to employ professionals fast expansion limited liability disadvantages of limited companies: many different groups with different interests high tax rates more rules and regulations private limited companypublic limited company. The differences between the two are below:Private Limited Company Public Limited Company 2-50 shareholders 7-unlimitedshares not listed shares listedshares not easily transferred shares freely bought  and soldnot required to publish obligated to make  financial results financial reports known  1.3 Management 3.1 Definition of management: 1、管理是有计划、组织、指挥、协调及控制等职能为要素组成的活动过程--法约尔(Henr