Banking Academy of Vietnam Hanoi
Added on 2021-01-07
27 Pages3277 Words62 Views
FinanceLeadership ManagementPolitical Science
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Banking Academy of VietnamInternational School of BusinessBUSINESS AND BUSINESS ENVIROMENTTeacher:Vu Thi Kim ChiStudent: Nguyen Minh TrangClass: F13C
Hanoi, 23/11/2020
I. Introduction1. Legal structure Sole traderPartnershipCorporationOther typePrivate sectorPublic sectorDefinitionA self-employed citizen who processes andconducts business as a personTwo or more associates forthe benefit of a company ora careerA corporation which is licensed by thestate and functions independently from its ownersCooperative is an association owned and managed by its members, who may be clients, staff or company organizations.The part of the economy that is managed by individuals andcorporations for profit and is not governedby the stateIt typically consists of organisations which are owned and controlled by the government and which serve to offer services to its people.Advantage-No structured protocols required to begin trading-Free and self-reliant – owners do not need to consult anyone on their decisions andare not required to issue trade results for tax purposes.Commitmentand inspiration are encouraged by the purelyresponsible aspect of the -Easy to begin with-More convenient toaccess money-It's easier to secure credit-Not based on a single person-Taxed only once-Diversity in expertise- Limitated responsibility- Capacity to collect capital by selling stocks- Company does not stop when owners are in business-The positive media profile-Corporate growth prospects-Study and production of new goods-Scientific results-Government programs including education and outreachEntertainment-Creation of the LeadershipCurriculum national or PUBLIC
company.-Such a company is also close to its clients and can adapt easily to market shifts.Disadvantage- Absolute personal responsibilityfor the complete extension of private properties to corporate debts. - Financial challenges entail difficulty in raising finance, and expansion can only be accomplishedby ploughing down profits.- The person typically has a single skill- The lack of coverage in the event of sickness and the lack of succession inthe event of death is a bigissue.- Ownership tranfer is challengingUnlimited civil and financial responsibility shall be sharedIf one partner makes an error, it is thefault of both partnersDouble taxesMore legislation on governanceDifficult and expensive to startStrong capital spending to achieve profitabilityStrong Risk ClimateStrong competition for a comparatively cheaper and safer budget allocation project
2. Overview of eBay, Hewlett-Packard (HP) and Apple.These 3 companies are all companies possessing popular models of the market economy.Many firms begin as sole proprietorships, as many new, small businesses are perfect for thisform of enterprise. Many firms begin to convert to businesses as they rise and evolve. EBaywas a very prominent example of a sole proprietorship that actually becomes a business. HP is an example of a relationship that is extremely successful and popular. Like eBay, theygradually merged in 1947 as they expanded. The company started, however, as a businessrelationship between two friends.Finally, Apple is among the most popular firms. Apple, better known as Apple Inc., wasfounded shortly after the company started its activities, like most major corporations that aretraded on stock exchanges. To this day, Apple is one of the world's largest businesses.Despite the absence of one of its co-founders, Steve Jobs, it continues to exist.2.1. eBay2.1.1. Background details of the organisationIn 1995, American entrepreneur Pierre Omidyar founded EBay, a multinational onlinemarketplace and trade firm. One of the first companies to create and market an Onlineplatform to connect buyers and sellers of goods and services was eBay. The group, whichcaters to individual sellers and small companies, is a global industry leader in e-commerce.The online bazaar was regarded by its founder as a "grand experiment." Little did he knowthe effect on the Internet, auctions, and business past of his brainchild. 2.1.2. Products and services Customers may engage in websites created within their own country or use one of theorganization's international sites. In the U.S. and Canadian markets, some European countriesand a number of other Asian countries have eBay websites. In collaboration with MercadoLibre, an e-commerce provider engaging in similar operations, the inhabitants of the Internetsites are controlled. While auctions account for the majority of eBay purchases, fixed-pricesales are also a large part of transactions.By bidding at a set initial price, major world-class corporations, such as IBM, offer their newgoods and services on eBay. Searching by algorithms for regions of the world makes deliveryeasier and cheaper. Through entering the eBay Developers Program, software developersmay build eBay interactive apps through the eBay API programming library. 2.1.3. Size and scope of the organisation EBay is a big business, with millions of customers and sellers making eBay Inc. the world'slargest and most successful internet marketplace for individuals and businesses to exchangegoods, and an American multinational corporation. By 1999, eBay had 5.6 million registeredmembers and more than 3.1 million items for sale; by 2004, 65 million registered users from150 countries, 971 million items for sale and $15 billion in total merchandise sales wererecorded. In 19 markets, eBay owns local websites, has investments in eight other foreigncountries and provides users with its own online payment service, PayPal Inc.2.1.4. Vision, mission and business objectives
-The vision statement by eBay reflects the leadership of e-commerce in the consumerelectronics industry, demanding corresponding strategic management practices to sustain aleading position in the industry.-The mission statement from eBay shows that the multinational online auction anddistribution business is essentially a global trading spot.-As a non-profit company, the primary goal of eBay is to boost its revenue from the eBaymarkets.2.1.5. Organisational and legal structureEBay Inc. is an American multinational company. The Group's organizational characteristicsreflect strategic management in the form of industry, such as online shopping and auctioning,and classified activities. EBay uses its framework to effectively incorporate market plans toattract both buyers and sellers to its global auction site. EBay has a short chain of commandand a flat hierarchical structure. EBay is operating a decentralized system. Decentralizedstructure refers to the redistribution of some decision- making authority and responsibility tothose within the organization. 2.1.6. Key stakeholdersExternalSellers EnviromentInternal Consumers ConnectEnhancefinancialassistanceSellingpre-ownedproducts on the onlinestore of the companySatisfying Green orSustainability Interest2.2. Hewlett-Packard (HP) 2.2.1. Background details of the organisationThe group was founded in 1939 by William "Bill" Redington Hewlett and Dave Packard. TheHP product line comprises PCs, computers, networking equipment, operating facilities,applications, printers and imaging products. HP ranked 80th on the Global 2000 ranking,named Forbes, and 31st on the World's Most Famous Brands. Today, HP is one of the world's
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