Advantages and Disadvantages of Business Enterprises and Organizational Structures in Hospitality Industry

Essay

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Business enterprises advantages and disadvantages:...................................................................3
Compare and contrast the tall and flat structures:........................................................................5
Business functions: .....................................................................................................................5
Organization culture:...................................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................1

INTRODUCTION
Business organization is referred as the purpose of carrying the enterprises of
commercial. Business enterprises are considered the three forms which include the partnership,
sole traders and limited companies. This report will discuss the advantages and disadvantages of
the business enterprises with the examples in order to hospitality and tourism industry as well as
flat and tall structure of the organization. This report will also elaborate the functions of the
human resource management and organization culture with the example of company.
MAIN BODY
Business enterprises advantages and disadvantages:
Sole trader:
The sole trader is the business in which individual person can run as well as own the
entire business. It is also known as the sole proprietorship. It is referred as the legal structure of
the business and this business is registered under the sole traders and it only consists the owner
as well as additional employees (Abdulaali, 2018). In this business capital also require the
minimum and the size of the business is small.
The advantages of the sole proprietorship
 start-up cost are low: the start-up cost of the business will be low in the sole trader
business and it is interdependent on the owner of the company.
 Maximum privacy: privacy of company is maximum in the organization as well as no
fraud will do.
 Boss: the owner is the boss of the company and no restrictions on the company owners.
Disadvantages of sole traders
 liability: the liability of the company is limited for debts.
 Raise capital: the capability of raise capital for the business is also limited in the sole
trader structure (Alves and Feitosa, 2020).
 No holiday: it hard for the owner of the business to take holidays. Example: Mogford
company is the tourism company which is started by the owner Jeremy Mogford.
Partnership: