Assume you are the manager of an organization that is thinking of forming a new business. Your supervisor has asked you to prepare information addressing the main factors to consider when deciding on the form the new business will take.
Sub Categories – The different forms of business entities to be considered are: sole proprietorship, partnership, corporation, and limited partnership, (LLC).
Main Categories – The main factors to be considered when selecting a business form are: ease of startup, taxes, ability to maintain control, ability to raise capital, and liabilities.
Address the different forms of business and the main factors that need to be considered when selecting and managing a new form of business.- Apply what you’ve learned about business law and regulations to explain the business risks (disadvantages) and benefits (advantages) associated with the different forms of business. (make sure this is in each category)
whereas it may very much depend on an organisation, its process, culture or different situations they are found in. There are many comparisons found between transactional and transformational approaches. According to Avolio B. & Bass B. (2001) transformational theory expand on foundations of transactional and therefore is more effective in achieving common goals as well as personal satisfaction of the followers. A very interesting image of association between leadership styles and gender emerges from findings of William Rosenbach (2018) who established that women are more likely to take transformational approach to leadership than men who, in turn, expose more of transactional approach. According to the author men are better suited for carrying out disciplinary and corrective processes. Women however, look beyond rewarding which is a main trend of transactional leadership, they are also much more effective in providing support and encouragement. Rosenbach comes to a bold conclusion that women are generally more effective in leadership positions whilst men can deter effectiveness and that women are therefore better suited to modern organisations. In the light of the above, women are increasingly taking over leadership roles within organisations which means that significance of transformational approach will raise in popularity. There are many trends nowadays that suggest the need for changes in leadership mindsets, transformational approach has got a potential to put transactional aside. What is more, as the market becomes more and more globalised, employees have the increasing need to feel empowered and take bigger part in organisational growth, the transactional leadership can be an answer to this. Good management is not only about taking corrective action, employees want to feel supported, valued and motivated, with their personal need for development taken into consideration.>GET ANSWER