Understanding Business Organization and Organizational Culture

Understanding Business
organization

TABLE OF CONTENTS
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
Advantage and disadvantage of three organization ....................................................................3
Tall and flat organizational structure...........................................................................................4
Different business function..........................................................................................................5
Organizational culture..................................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Business organization is entity which is formed with motive of carrying on commercial
enterprise. This type of company has to follow law and exchange property rights and
incorporation. Along with this, business organization is described as how business is structured
and it helps them in meeting their goals. The present report is based on various types of and
there advantage and disadvantage is described. Major focus of the study is based on hospitality
industry and tall organization structure as well as there advantage and disadvantage.
MAIN BODY
Advantage and disadvantage of three organization
Sole Trader
Advantage Disadvantage
Sole trader keeps all the profit with themselves
and it also get to run the organization a make
the decision by themselves. Along with this,
starting sole trader is legal and easiest of all
types of ownership (Webber and Dunbar,
2020). Moreover, it has fewer regulations as
compared to other business types.
It is one of the risky business as owner can
face difficulty in knowing about the profit and
loss. There is disadvantage of unlimited
liability y and sole trader is responsible for
organizational debts. Risk of selling own
property in case failure of business.
Partnership
Advantage Disadvantage
It is one of the easiest formation process where
fewer legal formalities are present and cost is
low. The registration of the firm is also not
needed in order to create partnership business.
One of the major advantage is flexibility where
there is minimum legal formalities and also
free from government control.
There is unlimited liability because partner
agree to share profit and loss as well as has to
take responsibility for all the debts. Thus, there
is burden on the personal properties and
finances of the partners (Puente and
Schneider, 2020).
Example: Kimpton Hotel Vintage Seattle
Limited Company