UNDERSTANDING BUSINESS

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Presentation transcript:

UNDERSTANDING BUSINESS FORM OF BUSINESS OWNERSHIP loading…. slides download: unnay.wordpress.com

TUTORIAL FOCUS CHAPTER’S OVERVIEW OPENED BOOK QUIZ COMPREHENSIVE QUESTIONS CHAPTER’S OVERVIEW OPENED BOOK QUIZ DISCUSSING ACTIVITIES

Intranets, Extranets, and Private Exchanges OPENED BOOK QUIZ (GROUP) Intranets, Extranets, and Private Exchanges 1 What are the basic forms of business ownership? Please list down all the three main forms and show the main different between them. What are the paths to business ownership? What are the sources of business idea? Please demonstrate your answer to these two questions. Compare the differences between unlimited and limited liability? What kind of business are allowed to operate such a form of unlimited liability in Cambodia? Why? What are the differences between joint venture, merger, and acquisition? Explain the three major types of merger with business examples in Khmer. What is franchise? How many types of franchise? Please explain the advantages and disadvantages of franchise. HOME 2 OUTLINE 3 SUMMARY DISCUSSING QUESTION 4 CASE STUDY UNDERSTANDING BUSINESS 5 MN109

KNOWLEDGE SHARING ACTIVITIES HOME OUTLINE SUMMARY DISCUSSING QUESTION CASE STUDY UNDERSTANDING BUSINESS MN109

THANKS FOR YOUR GOOD PARITICIPATION!!! Questions & Comments??? THANKS FOR YOUR GOOD PARITICIPATION!!!

BASIC FORM OF BUSINESS OWNERSHIP FORM OF OWNERSHIP Sole Trader Proprietorship Partnership General partnership Limited partnership Master Limited Partnership Corporation Private Limited company Public limited company HOME OUTLINE SUMMARY DISCUSSING QUESTION CASE STUDY UNDERSTANDING BUSINESS MN109

PATHS TO BUSINESS OWNERSHIP Starting a new business Buying an existing business Franchising a business

PATHS TO BUSINESS OWNERSHIP Inheriting a business (Reluctant person or lucky enough) Hiring to be the professional manager

SOURCES OF BUSINESS IDEA The traditional business school The family business school The corporate business school The business school of the streets 1 2 3 4

SOURCES OF BUSINESS IDEA The Traditional Business Schools

SOURCES OF BUSINESS IDEA The Family Business Schools

SOURCES OF BUSINESS IDEA The Corporate Business Schools

SOURCES OF BUSINESS IDEA The Business School of the Streets

DIFFERENCES BETWEEN LIMITED AND UNLIMITED LIABILITY LIMITED LIABILITY: The responsibility of a business's owners for losses only up to the amount they invest; limited partners and shareholders have limited liability. UNLIMITED LIABILITY: The responsibility of business owners for all of the debts of the business HOME OUTLINE SUMMARY DISCUSSING QUESTION CASE STUDY UNDERSTANDING BUSINESS MN109

DIFFERENCES OF JOINT VENTURE, ACQUISITION, AND MERGER JOINT VENTURE: MERGER: The result of two firms forming one company. ACQUISITION: One company's purchase of the property and obligations of another company. HOME OUTLINE SUMMARY DISCUSSING QUESTION CASE STUDY UNDERSTANDING BUSINESS MN109

UNDERSTANDING BUSINESS TYPES OF MERGER HOME OUTLINE SUMMARY DISCUSSING QUESTION CASE STUDY UNDERSTANDING BUSINESS MN109

Primary/Related Industry CORPERATE STRATEGY Primary/Related Industry Concentric diversification Supply chain Distribution Channels Vertical Integration Concentration Unrelated Industry Conglomerate

UNDERSTANDING BUSINESS WHAT IS FRANCHISE? FRANCHISE: The right to use a specific business's name and sell its products or services in a given territory. HOME OUTLINE SUMMARY DISCUSSING QUESTION CASE STUDY UNDERSTANDING BUSINESS MN109

HOW MANY TYPES OF FRANCHISE? HOME Trade name Product distribution OUTLINE Pure (Business format) SUMMARY DISCUSSING QUESTION CASE STUDY UNDERSTANDING BUSINESS MN109

WHAT ARE THE ADVANTAGES OF FRANCHISE? Management and marketing assistance Personal ownership Nationally recognized name Financial advice and assistance Lower failure rate Standardized quality of goods and services Site selection and territorial protection HOME OUTLINE SUMMARY DISCUSSING QUESTION CASE STUDY introduction TO BUSINESS CONCEPT ENB201

WHAT ARE THE DISADVANTAGES OF FRANCHISSE? Large start-up costs Shared profit Management regulations Coattail effects Restrictions on selling Fraudulent franchisers HOME OUTLINE SUMMARY DISCUSSING QUESTION COATTAIL: WHAT CAN U DO IF YOUR FRANCHER CLOSE THEIR BUSINESS. RESTRICT ON SELLING: WE CANNOT SELL TO OTHER AS WE WANT TO SELL. CASE STUDY introduction TO BUSINESS CONCEPT ENB201