Evaluation of Partnership as a type of Business Organization

Assessment 1

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Evaluation of Partnership as a type of Business Organization....................................................1
Use of Porter's 5 forces................................................................................................................2
Macro-environmental factors.......................................................................................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Business Organizations are those firms which are focused at making the use of different
types of products and services in order to earn higher-level of profits in the future (Lauring and
Klitmøller, 2017). Therefore in this way these organizations make sure that they are able to attain
a strategic and competitive advantage in the future over the competitors without facing problems
and issues. In this report, detailed focus will be made on Case Study on Little Dessert Shop. It is
a business which provides different types of dessert to the customers. In this assignment, detailed
analysis will be made on recognition of different types of evaluation of partnership as a type of
business organization, use of Porter's 5 forces. Additionally, detailed focus on discussion of
macro factors and the way they can help in the improvement of business will be discussed as a
part of this project.
MAIN BODY
Evaluation of Partnership as a type of Business Organization
Partnership- Partnership refers to a type of Business Organization in which two or more
people come together in order to start a business (Li and et.al., 2018). They set a Profit-Sharing
Ratio in which the profits of the organization are divided among the partners. Therefore in this
way they are able to make sure that they can make use of the combined resources so that the
customers can be targeted in a highly effective manner. The Little Dessert Shop which is run by
Mary and Sue is an example of a Partnership business which has been set up by these two
businesses.
Features of Partnership business-
 Two or more members- In a Partnership business there is a presence of two or more
members in the organization (Morakanyane, Grace and O'Reilly, 2017). Therefore these
partners ensure that they are able to run the business together effectively and efficiently
without facing problems and issues. The Little Dessert Shop has two partners Mary and
Sue who run this business.
 Agreement- In a Partnership business, there is a presence of an agreement which ensures
that the members are bound by the rules and regulation of the partnership (Morozko,
Morozko and Didenko, 2018). Thus in this way the partners are able to make sure that
they can abide by the rules of their agreement and thus can carry out their business
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