Business Ownership and Organisation Flashcards
Business Ownership
- sole trader
- partnership
- Pvt Ltd.
- Public Ltd.
- cooperative
Sole trader
longer hours
profit retention
decison making
(accountants, advisors, project managers, ineterim managers, consultants for finance, marketing, sales, ops, supply chhain, facilities etc. , master brewrs, blends and distillers
Associations(community/partnerships)
2/more common goal profit unlimited liability share profit, experience and responsibility
may be a dispute
eg - gun club , scottish craft distillers etc.
Pvt Ltd
Legal identity ability to sue owns assets limited legal liability owner not responsible for debts cannot trade shares
Public Ltd
can trade shares
Eg - Diageo
Cooperative
community owned ( GlenWvyis) , lochfyne oysters
Business Organisation
The following are under a MD at equal level -
techinical , quality, commercial, marketing, innovation, finance, health and safety, HR, ops
In small scale -
one person - many role.
bigger - hierarchy for splitting of work eg . Asst. , assoc. etc.
product based organisation
Eg - Edrington- The robertson trust
Macallan
Then comes super premium brands ( highland park , snow leopard etc.)
regional power brands ( fanous grouse, brugal)
premium,
individual business units/ regions commercial resources shared services
( Alternatives - Standard, premium, malts , single and super premium)
Impacts of organisational structure
- communication flow
- culture ( it’s how we do things / sure you are welcome to do this)
- flexibility and agility to respond to market demands (close to supply chain partners?)
- deciison making process ( who and speed?)
- idea generation and innovation ( initiatives encouraged?)
Business Organization and culture
- env and atmosphere
- compensation
- standards and policies
- ppl
- leadership
- organosation
Cultural assessment
using radar graphs
do a comparison between preferred and current scanarios ( factors that will be analysed are hierarchy, adhocracy, market, and clan
Clan culture
focused on teamwork and cooperation
Adhocracy
focused on entrepreneurship and creativity
hierarchy
focused on order, rules and regulation
