Week 3 (The Structure of An Organization)
Week 3 (The Structure of An Organization)
CS 625
Introduction
Companies
Types of Organizations
Management of an organization
Sued
Incorporation
Making into a body (Corpus)
Incorporated
1. Sole Trader
2. Partnership
3. Limited Company
Private or Public
Individual
Normally professionals
Doctors
Lawyers
Accountants
Too risky
Independent Existence
Divided
Shareholders
1. Share Capital
2. Company Constitution
3. Directors responsibilities
At start of Company
a. Memorandum of Association
b. Articles of Association
c. Shareholders Agreement
Country of Registration
England & Wales, Wales, Scotland
Objects of Company
Companies Act 1989 allow general commercial company
A Liability Clause
Liability of members is limited
Transfer of Shares
Meetings of Members
Power of Directors
Article of Association
Honest
Declare Interests
Company Secretary
Could be Director
3.Sales and Marketing: Sales is concerned directly with selling the product, while
marketing is concerned with establishing the environment in which the product is
sold (e.g. through advertising) and with deciding how the range of products sold by
the company should develop.
4. Finance and Administration: To pay bills, to look after its funds, All central
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5. Research and development:
Geographical organization:
An organization operates in more than one country.
The most obvious examples are in the field of food and drink.