Case of barclay memorial hospital Essays

Case of barclay memorial hospital Essays Case of barclay memorial hospital Paper Case of barclay memorial hospital Paper By browsing on the brief history of the Barclay Memorial Hospital, one will notice one thing that would immediately be blamed for its bankruptcy- bad leadership. BMH was beforehand performing excellent on the aspects of financial, managerial and services including the morale of the employees. As has been mentioned, BMH has been in the business for fifty years and it is to be stressed that those years has been spent for excellent services rendered to its clients (p. 95). Being a district hospital, it should have pretty good edge on other private hospitals especially on matters of legal affairs. It does have the edge in lower service fees over private hospitals because it operates as government owned business and therefore is supported by tax revenues from the district. It is also an advantage for BMH to be a district hospital because it could have a better service appeal or service loyalty on the part of the district residents having the sense of ownership the district hospital. BMH has an established edge in the market because of the fact that it is the most desirable choice of maternity hospital (p. 96). Its attentive nurses and newly renovated private rooms are enough to make their services more appealing. The annual number of patients that has availed of its services is an evidence of its financial health. With 325,000 patients every year, we can estimate that it has about 900 patients everyday which means that its 300 bed-capacity is fully utilized assuming that part of the 900 patients are out-patients or has stayed just about two days at BMH. With $120 million gross annual revenues, one will understand that it is generating $10 million monthly or around $350,000 everyday. With 600 full time employees, BMH must have been financially stable to pay for their salaries and benefits. Although it was not clearly stated what percentage of this gross revenues were spent in operating expenses, we can say that the hospital is financially healthy. The first major bad decision that BMH management did was to merge with Valley Physician Group (VPG) and the Physician Hospital Organization (PHO). What was obviously wrong here is that they know that VPG and PHO’s first requirement is to have BMH be privatized. This means that BMH would have to lose its benefits when it was just operating as a district hospital. Another thing is that there would obviously be changes in its management strategies and at least the board of directors, the key management personnel and of course the implementation of its bylaws. With privatization and merging with VPG, BMH can no longer decide on its own because it has already allowed other people to intervene in its business affairs. The result then was its bankruptcy. There was no clear explanation as why BMH management decided to join VPG and PHO when its operations are said to be at a healthy stage. In my opinion there was no sound basis for deciding to do so because there seems to be no need of joining VPG or PHO as a marketing strategy or as part of survival catch up. Because there are already more people involved in the running the hospital, there were already more people who have their own vested interests intertwined in the affairs of BMH and that what was bad here is the reality of conflicting interests over BMH operations. BMH had elected an abusive CEO who was so irresponsible of letting his patients wait long enough that high-paid staff were made idle. With the CEO’s conduct, it had spent utilities and operating expenses including the excessive use of supplies so irresponsibly that it took just sometime to let BMH lose almost all of its capacity to generate income. Obviously, BMH was not able to control the poor management style of its key management personnel and that the board of directors just let that thing happen until BMH crashed down. It was of BMH’s luck to have Schilling who was able to have the courage and the will to save what was left of BMH. Schilling at first was a good choice because of his ability to eliminate the hospital’s deficit, he was able to bring back the benefits of the employees and even increased their salaries, reduced the percentage of expenses versus their revenues and most importantly, he was able to bring back BMH into a district hospital. Schilling however had a problem with delegation of authority. It may not seem to be an indication of irresponsibility for letting Porter, the COO to make the most of management affairs. However he must have placed too much confidence on the COO who does not seem to be a good leadership pick. It is not clear whether Schilling was aware of the authoritarian style of Porter’s leadership or that Schilling just ignore the situation. Whatever is the case, Schilling cannot be excused for leaving almost everything in the hands of Porter. Another major bad decision made by the CEO was that of keeping the strategic plan confidential from the rest of the board members. First, I would say that this decision was highly unethical based on the fact that business ethics require that management affairs should be kept transparent to the members of the board as the major decision makers of the business. Secondly, it is improper to keep the board member wondering what was going on with the plans. In fact, planning should involve the members of the board since they are the major stakeholders of the business. Lastly it was improper that Schilling made the strategic plan a surprise for all. The bad side of this step is that it the said plan has not been reviewed by the members of the board and in that case, whatever the loophole contained therein has not been corrected nor was being noticed. This was what happened to Schilling’s strategic plan which later turned out to be faulty for having his financial projection resulted to $24 million loss (p. 101). The most immediate result was that Schilling lost support from the members of the board including the management. In an organization, I believe that the most important part of leadership is of establishing a formidable relationship with its members- from the top management to the least of the personnel at the bottom of the organizational chart. It is vital for a leader to have the support of at least the majority of its members in order that he will be able to implement his plans well enough because of the support and loyalty he gets from the members. It is vital that communication lines are kept open, in two-way, in order that vital information flow freely in that line for decision-making purposes. Losing support from employees and other organizational members, especially the decision makers, would make a leader inefficient. I believe that it does not take a brilliant CEO to run a profitable company; rather I believe that a responsible, sensitive and lowly CEO can run a company with a healthy working environment. Schilling is good but was weak enough to tolerate the existence of Porter and Mavory in his way. The consultant should start working here. Carson as the newly hired consultant, although is expected to work independently, should first work on having the support of the members of the board and the major decision-makers at BMH. More than Porter, Carson must be able to eliminate the kind of Mavory who was not actually a troubled physician but a troubling one inside BMH. The old strategic plan developed by Schilling should be replaced since there was already evidence that it was faulty especially on the financial projection. Carson should be able to develop a new strategic plan with the participation of the members of the board. This will be the first step Carson can do to get the support from the members of the board. She has an actual experience with this kind of situation and I would assume that she exactly know how to have things done. However, I would suggest that Carson be able to work on the conflicts on interests among the members of the board especially that of Mavory. Carson should be able to get the support Mavory has from the other board members as starting point. Getting their support away from Mavory would be sound enough to make the implementation of the plan run smoothly. Carson should also work on making black and white statements on what specific files and information should be kept confidential and from whom. Everything should be clear enough for everybody in order to ensure that there would be no excuse when violators are reprimanded. It is not required that Carson becomes tough and authoritarian. She just needs to clear everybody’s stand and the extent of their authorities. It is also not necessary for Carson to prevent the employees from unionizing. I would argue that unions are important part of a company. Unions can become a leader’s support team especially when these unions could feel that they are being paid enough concern and attention by the management. They would not in any do anything to bring the company down because it would be at their lost. Unions only take steps against the management when they see that their security in the company is threatened. Carson should then focus on working with the management in preparation for the Joint Commission for the accreditation. The politics inside BMH cannot be completely eliminated but Carson can control the situation. The members of the board are assumed well-educated and with that they know what ethical considerations they should prioritize. Meanwhile, Carson should be able to get solid support. Carson should ask for the speedy preparation of the Joint Commission accreditation requirements by eliminating the direct control of Mavory over the process. This can be done by redirecting the attention of Mavory from the accreditation process and the revision of bylaws into her participation in the deliberation of strategic plan Carson is working at. Taking Mavory out of the Joint Commission accreditation will ease up the process and then it would go smoothly without somebody bothering the employees concerned. As with the board members, Carson should start separating their responsibilities. These leaders should be given separate set of concerns that would also keep them from direct intervention with the affairs of each division. For example, one board member should be assigned for managing the service-rendition affairs of the business and each should be given target accomplishments at certain time intervals. The other members can be assigned to direct management of the building facilities and the purchases of equipment and the maintenance of existing ones. The other can be assigned to the legal affairs of BMH. Each should then be reporting to the consultant or referring their plans at time intervals. With this, each member is kept from direct intervention to all the affairs of BMH although as board members, everything should be held transparent to them. This is the very reason why Carson should have regular board meetings for reporting purposes. I believe that it is also beneficial for Carson to hire independent auditors who would be responsible for checking inconsistencies on each division. This would eliminate the fear of each division that the evaluation result will be biased or one is being favored over the other. Transparency should be maintained at all times without the necessity of each member to be personally asking confidential files. As had been mentioned a while ago, when good and efficient leaders are already established, it would necessarily follow that employees’ moral would be uplifted; their loyalty will be brought back as usual to their leaders. Employees who are working with a healthy environment would be productive and thus would render better services than before. It is the excellent services rendered by BMH that enabled it to become profitable and so the quality of services should be kept high in order to gain a good market share.

Lewis Jeans Case Study Example | Topics and Well Written Essays - 1500 words

Lewis Jeans - Case Study Example This calls for developing innovative designs and utilising information technology in your company to study the market. Rupert has asked me to address his findings which show several problem areas within your organisation that need to be evaluated. The first area covers the style of the product itself, and Rupert is concerned that the jeans produced by the company do not appeal to younger customers. This report will offer possible solutions to this problem by suggesting ways to establish positive brand recognition. A study of the market for jeans indicates the need to offer a unique style or marketing method that will bring younger buyers to Lewis Jeans. The next area of concern is the quality of the product. Because retailers are returning 15% of sales, it is important to test the quality of the jeans manufactured to see where the weaknesses are. By improving durability, the brand will eventually be known for its wearability in addition to style. One of the most serious problems to be addressed is the high turnover of the workforce. It would appear they might not have the incentive to commit themsel ves to the company. Because you communicate only with the managers at your different factories, you may be unaware of how your workers see the company. More interaction is needed with staff from your office to each factory to encourage employees to propose innovative ideas on how to improve sales. Finally, the cost of manufacturing your line of jeans is 25 per cent more than other clothing lines in the industry, and it is important to study the various stages of manufacture to see where savings can occur without impacting quality. The report will present suggestions on how to evaluate the company and show different methods of improving all aspects of your business by applying the SWOT Analysis and developing a balanced scorecard. As the CEO, you have the opportunity in such a small company to meet personally with all of your staff and make sure your managers are reflecting your beliefs on how the company should be run. Organization Structure and Culture In studying the structure of the company according to its diagram, it is immediately obvious that there are too many managerial positions at too many levels, and sales and marketing have no real connection to the rest of the company in any of its locations, including the main office. Restructuring after setting up a strategic plan for the future is recommended. The first step would be to apply a SWOT analysis, determining strengths, weaknesses, opportunities and threats (SWOT). Strengths: Although a small company faces competition from major companies such as Levi, the benefit of a small company is the opportunity for leadership to interact with all areas of the business. Another strength is that the product has been successful in the past and by establishing a different marketing method and improving quality, the company can be successful again. Weaknesses: One of the most serious weaknesses for Lewis Jeans is the dependency of leadership on the telephone in a technological society. Another weakness is the high turnover of staff and lack of connection with the leadership. Opportunities: By restructuring the company and establishing new communication equipment, the company would

Software-generated information to make decision in an oganisation Essay

Software-generated information to make decision in an oganisation - Essay Example Activity Immediate Predecessor Time (Days) Earliest Start time Earliest Finish time Latest Start Time Latest Finish Time Slack 01 None 1 0 1 0 1 0 02 01 11 01 12 1 12 0 03 01 14 12 26 38 52 26 04 03 5 26 31 52 57 26 05 02 23 12 35 29 52 17 06 05 5 35 40 52 57 17 07 02 20 12 32 37 57 25 08 02 30 12 42 12 42 0 09 08 15 42 57 42 57 0 10 08 2 42 44 50 52 8 11 02 33 12 45 14 47 2 12 11 10 45 55 47 57 2 13 10 4 44 48 52 56 8 14 13,10 1 48 49 56 57 8 15 06,07,09,14 1 57 58 57 58 0 Answer A The normal time for completing the project is expected to be 58 days. For the project to be completed on 30th November 2013 having commenced on 1st October 2013, it calls for crashing the time because the period of completion is shorter than the predicted time in the activity plan. Activities to be crashed must have the minimum cost implication for the process and usually they are those in the critical path. It is worth to note that, the Microsoft project considers work only done for five days of the week thus the time span for the project adds up to forty-five days. The Gantt chart that would be realized from the above information is as indicated in the MS Project. (See attached file) Answer B The network diagram of the project information in the above tables as follows Answer C The critical path refers to a sequence of activities in a project that form the longest chain in terms of their completion time. The set of these activities in a project network are determined by calculating the slack. Where by the slack is obtained by subtracting the earliest start time and activity duration from latest finish time. The critical path is realized in those activities whose slack is equal to zero. From the above table, the activities with a zero slack are 01, 02, 08, 09, and 15. Thus, the critical path can be concluded to be 01 – 02 – 08 – 09-15. Answer D The project duration is determined by adding up the time durations of all the activities in the critical path of the p roject network. In the above project network, the critical path was determined above and realized to be 01 – 02 – 08 – 09 - 15. To determine the least time duration would be (1 + 11 + 30 + 15 + 1) = 58 days. Answer to Task 2 Year Cash inflows Discounting factor (10%) Discounted cash inflow Cash inflows (C) Discounting factor (15%) Discounted cash inflow (Ci) 1 2500 0.9091 2272.73 2500 0.8696 2173.91 2 2750 0.8264 2272.73 2750 0.7561 2079.40 3 3025 0.7513 2272.73 3025 0.6575 1988.99 4 3327.5 0.6830 2272.73 3327.5 0.5718 1902.51 5 3660.25 0.6209 2272.73 3660.25 0.4972 1819.79 Total 11363.63 9964.60 Net Present Value (NPV) is a measure used for evaluating the value of a business by determining the present value of such investment by adding up all the discounted cash inflows received within the given period of the investment. The formula for discounting by the NVP method Where C0= Cash outflow also known as Initial Investment Ci = Cash flows for the given years r = Discount rate T = Time Where r = the discount rate, and T = time NVP the rate is at 10% NVP = 198.43 NVP when the rate is at 15% NVP = 46.19533 This method is used to determine the profitability and suitability of a project before commencing a plan to undertake the investment. A project with a positive NPV is said to be favorable, whereas one with a negative NPV is regarded as unfavorable and thus investor would be discouraged to undertake that project. Report Summery Project management

Experiential Learning Essay Example for Free

Experiential Learning Essay Growing up in a southern state with traditional family and religious values has made transitioning into college life a bit difficult. Questioning myself and my own bias from my experiences in life is an ongoing process, as I wonder â€Å"is it me? † or its possible that I feel strongly about issues because my values and ethics overshadow all. I feel as if I move from a state of passive to aggressive in my actions just as I do my own state of internal feeling of who I am. Sometimes I feel like I have been treated unfairly both as a child and now, simply for being female. In my actions I sometimes pretend that this does not bother me and that a woman’s place is in the home, being a good mother and wife, bit other times I lash out when this is expected of me from my church, family, and some facets of society. I struggle in this passive aggressive way in my own religion too. As a Baptist, sometimes I feel like the teachings are true and correct and that social issues, such as homosexuality are undesirable and need to be â€Å"fixed†. Other times, however, I feel like homosexuality and other so-called social issues brought up in the church should not be treated like diseases and we have no business trying to â€Å"cure† others. Growing up white, female, and very religious, I was taught ideals that seemed to contradict themselves. The most notable cases were of people in poverty. We were not a poor family, but I would see a great majority of people in my state of Tennessee living in very unpleasant conditions. From teachings of the church and my family, I was taught to help those, who cannot help themselves. But, the irony was that most conservative people around believed that everyone could help themselves and that their state of poverty was simply due to laziness. I remember thinking that I was just a kid and had no control over my home life and that these other impoverished kids I would see could not help their situation any more that I could. So it was confusing that no one seemed to go out of their way (with a few exceptions) to help poor people back home. We were, also, expected to treat people equally and not have any â€Å"hate in our hearts† for anyone for any reason. It wasn’t obvious to my friends and I that our parents were in any way bigoted toward minorities, because they didn’t use racial slurs or openly discuss their dislike for other races. But, when my friends and I started becoming older and noticing boys, our parents wouldn’t hide their shock when we said that we had an attraction for a boy of another race. Then I realized that my parents did not believe in interracial relationships and for awhile I thought that it was not racist, but now I see that my upbringing was all twisted together with racism, sexism, and contempt for the poor and homosexuality. Like many southern girls, I was supposed to find a nice man to marry and going to college was the way to find this man. My family and the society I grew up in had all these expectations of me, hidden agendas, and covert prejudices that I am still trying to understand fully. I want to be treated like an intelligent woman, whose ideas have merit. I get so angry and feel aggressive when people believe that college is just a â€Å"hobby† and that I am here just to find â€Å"Mr. Right†, I am tired of all the years of playing the passive role of the quiet and complacent â€Å"southern belle†. I, also, want to widen my base of friends to include people who do not let religion become a barrier to their lives. Many times from what I have seen in the church, people mindlessly believe what the preacher says and don’t take time to understand that everyone is human and should be treated fairly. I wish I had the courage to go to speak to people, who are homosexual, but I still can’t. This is one of the goals I am working on now.

Breakfast of Champions :: Breakfast of Champions Essays

Breakfast of Champions "Our awareness is all that is alive and maybe sacred in any of us. Everything else about us is dead machinery."(p.221) Introduction Breakfast of Champions; or Goodbye Blue Monday is Kurt Vonnegut's seventh novel. He wrote it in 1972, as he himself says, for his fiftieth birthday. It is Vonnegut's own parody of himself and his works. "The various themes and mannerisms that have animated the earlier novels are seen here in a grotesque, cartoon version of themselves," (Todd). It is a confrontation of tragedy of America brought forth by Vonnegut's sensitivity to tragedy (Uphaus), where Vonnegut "seems to rub middle America's nose in the sheer ugliness of life." (Merill) The story Breakfast of Champions is a story of "two lonesome, skinny old men on a planet which was dying fast,"(p.???). One of these two men is Dwayne Hoover, a "fabulously well-to-do" Pontiac Dealer, and the other is Kilgore Trout, an "unknown" and unsuccessful science fiction writer. These two characters are destined to meet in Midland City and Kilgore Trout's book Now It Can Be Told is destined to turn Dwayne Hoover into "homicidal maniac". How the novel is written The novel attacks many things: slavery, racism, commercial greed, jingoism, ecology, capitalism, imperialism, overpopulation etc., all of these aimed precisely at modern American society. Vonnegut "brings a remarcable air of discovery to these themes, the pretense that no one has quite seen before the stark outlines of our hypocrisy," (Todd). Vonnegut is "impolite" in his writing about these matters. He was taught to this impoliteness when he was a kid (p.2) by Phoebe Hurty -- the person this novel is dedicated to. The whole book is written in quite familiar style which was used in Vonnegut's previous novel Slaughterhouse Five. The style can be defined by one line from it: "If accident will" (Vonnegut 1969, p.2). Breakfast of Champions also has the vague image of absolute chaos. Vonnegut denounced books that "make people believe that life had leading characters, minor characters, significant details, that it has lessons to be learned, tests to be passed, and a beginning, a middle, and an end," (p.209). But chaos is not only a way in which Vonnegut writes, it is also what Vonnegut writes about. As I approached my fiftieth birthday, I had become more and more enraged and mystified by the idiot decisions made by my countrymen. And then I had come suddenly to pity

My review and judgement for Toyshops online marketing Essay

Top shop online retail website allows their customer to purchase their products online. Top shop is generally regarded as the high street fashion centre for all women and men under 30, reasonably priced clothes suitable for all occasions. Top shop is one of the better laid out online shops the site uses an attractive black colour scheme and the clothes are divided into categories, viewers can choose to browse by New In items, Special Offers, Sale, Kate Moss range, Dresses, etc. Topshop is a high street fashion retailer that has been up and running since 1964 and is has successfully open 300 store across the UK, do shipments to more than 100 countries and has their eclectic British style is known all over the world. Over the years they have built a strong bond with industry insiders and in 2002 they joined forces with newgen, a scheme which allowed them to foster new design talent and provide a global platform for the scene’s brightest new stars. Topshop also the only high street brand to show on schedule at London Fashion week and Topshop Unique has become the style set’s hottest ticket. The Topshop formula is proving not just popular/reputation but profitable too. The chain made around $200 million in pre-tax profits last year on revenues of approximately $1.14 billion. Topshop online marketing system is very effective to its viewers/ users, Topshop’s online website benefits their customers because it give their customers the opportunity to visit their website at any time during business hours which make online shopping an excellent option for many busy shoppers. One of the most obvious benefit for online shoppers is convenience, online shoppers has the ability to purchase products/service from Topshop’s online website at any time which is most convenient for them. Their online website accepts orders twenty-four hours a day during normal business hours. Topshop’s online website provides their customers with total product information. Customers shopping online expect product details which is the Price, information on how the product or service runs on how to use it an so on, this is a benefit for the customer because before purchasing a product they get to see the price and get information on the product on how it will work out for them so they will get an rough idea of how it will work so before purchasing they could compare and select whether the price is suitable for them and if the service or product has what they need. Viewing items is easy – viewers can just click on the item they want to view in more detail and it brings up the name of the item, the price, a brief description of the product, materials used, suggestions for how to wear it, and a picture of the front and the back which you are able to zoom in. customers can see what sizes the item is available in – sizes go from 6-16 and any sizes not in stock are greyed out. The business online features is beneficial to their viewer because it help to their viewers to find exactly what they are looking for in other words ‘easy to use’; images, colours, gifs, videos, drop down menus and search bars are all useful to the business viewers. Topshop’s online website also provides their viewers to be able to create their own account with the company, get additional information on their business, clothing and also complaints, viewers can write their own review on their products and service that the business offers. The effectiveness of the of Topshop marketing The effectiveness of Topshop marketing online gives customers an opportunity to purchase items from their online webpage, collect information about the product, service and also information about the business, their online webpage is also design in a way to enable their customers to get exactly what the they are looking; at the bottom of Topshop online webpage is where customers can get the information there need from the business such as, information about the business, how to find different branches, help and also other website that the customers can visit for update; Facebook, twitter, YouTube and also Google. Images, videos, pictures, drop down menus, gifs and search bar play a big impact on how customers view the business webpage, it make it easier for the customers to locate stuff on the business webpage, because these online features are visual. Topshop online website is effective because it help to attraction new customers to the business. The internet is a main asset to many people because they use this on a regular basis whether it is to communication, gather information or locate new places. Topshop use many marketing techniques to promote their online business, these are; promotional adverts online, email promotion, hyperlinks, on website such as twitter and Facebook and so on YouTube. Topshop also have an app for all smartphone, where customers can use to also purchase item, gather information and so on, this is very effective for their customers because this give their customers the advantage to shop from anywhere, during business hours. Topshop internet marketing states for Facebook and Twitter. Topshop continues to grow its following on social media sites, due to lots of features, in-store promotions and relatively high levels of engagement with fans and followers. Stats from E-Digital Research look at the number of followers for the top 20 retailers on Facebook and Twitter and, for the first time, Google+. Top 20 UK retailers on Facebook Topshop was also in pole position and it has added more than 1m new fans since May 2011. Its target audience are big Facebook and social media in general users, so the strategy of promoting its Facebook presence works well. Content is regularly updated to keep people interested, while it also promotes its social media profiles in stores and from its website. The retailer uses exclusive deals and interactive content to keep people interested. How much this translates into sales is another matter, but it’s significant that it hasn’t opened an f-commerce store, presumably preferring to drive users to its product pages.

Forms of Business Organization - 2291 Words

Forms of Business Organization Western Governors University The study of business organization is a study of complexity: as each business is different, each form of business organization is also unique. From a local hot-dog vendor to a trucking company, from a restaurant to a multinational, each business has different legal, moral and ethical concerns, and there is no one-size-fits-all approach to determine how a business should best be organized. Take the first two businesses, the hot-dog vendor and the trucking company, as an example: assume that each business is operated by a single individual. While one may argue that the proper form of organization for each would be a sole proprietorship, that would not be the†¦show more content†¦Additionally, because the actions of one of the partners are binding on all the others, the entire partnership can prosper or suffer due to the actions of a single member (The Free Dictionary). Also like a sole proprietorship, a general partnership is, as Quick MBA puts it, a â€Å"?...tax reporting e ntity, not a tax paying entity.†? In other words, the partnership is only a method of business organization; it is not a legal entity for tax purposes, and the individual business owners assume tax liability separately. The longevity of a partnership is potentially greater than a sole proprietorship: for example, since there are one or more other partners, the death of one member does not mean the end of the business since their share can be passed along to heirs. Control in a general partnership is shared equally: since there is no one owner, all decisions (and their effects) are shared equally. Profits are divided among the partners: while the liabilities are shared, the profits can sometimes be divided unequally upon agreement. This can affect return on investment: since it is possible to invest in a partnership without being an active member, it is possible to lose money on an investment if the active principals make decisions that affect the business negatively. As with a sole proprietorship, location is not a real concern with a general partnership: since the principals, not the business, are the ones responsible for the tax liability, theShow MoreRelatedForms of Business Organization2303 Words   |  9 Pagesï » ¿Forms of Business Organization a) Sole Proprietorship This is in basic terms a business entity or enterprise owned and perhaps managed by a single individual. Characteristics of a Sole Proprietorship Liability. In terms of liability, the owner of the business is in this case liable in his individual capacity for the debts of the business. Income Taxes. 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It thenRead MoreOwnership and Structural Forms of Business Organization2526 Words   |  11 PagesOwnership and structural forms of business organization, applicable laws, requirements for their formations, and advantages and disadvantages Type of Ownership * Single or Sole Proprietorship. It is a form of business organization which is owned by one person. The owner personally manages his business. Most of businesses in the Philippines (including those which are not registered) belong to single proprietorship. Examples are retailers, market vendors, barbers, tailors, and so forth. a)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Read MorePartnership Is An Arrangement Or A Form Of Business Organization Essay1811 Words   |  8 PagesPartnership is an arrangement or a form of business organization in which two or more parties come together to achieve specified economic objective. Each such party to the organization is known as ‘partner’. 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