IOM Solutions: Evaluating Business Structures for Expansion

This report analyzes the case of IOM Solutions, an IT company seeking to expand its operations, and explores various business organization types available for reorganization, including sole proprietorships, companies, partnerships, cooperative societies, mergers, and acquisitions. It discusses the legal consequences associated with each type of business and provides a recommendation for IOM Solutions to opt for a merger strategy to minimize risk and establish operations efficiently. The report emphasizes the importance of developing a focused business strategy, change management, and corporate social responsibility, and concludes that choosing the right business type and strategy is crucial for effective growth and achievement of organizational goals. Desklib provides access to similar reports and solved assignments for students.

Business organisations

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................2
Analysis of the case.....................................................................................................................2
Types of business organisations that are available for reorganising IOM solutions...................2
Legal consequences of different types of business......................................................................4
Recommendation for selecting the right type of organisation and strategy................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
In the economy of a country there are many different types of business organisations
which function according to certain rules and regulations (Alkraiji, 2020). It is major focus of a
business to develop major operations according to the type and nature of the business. It is also
key responsibility of a business to focus on development of key objectives with the support of a
strategy to develop major operations. In this report example of case study related to IOM
solutions which is major IT company. This company is now trying to expand its operations in the
marketplace and is looking for best available opportunity. This project covers a brief analysis of
type of organisations in the marketplace which functions in an economy. The report also covers
suggestions and recommendations for a company to develop focused operations at the
marketplace.
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MAIN BODY
Analysis of the case
In the case it is mentioned that IOM solutions is providing its services in the field of IT to
many companies since a long time. It been 8 years, the company is conducting a legal business in
order to develop at the marketplace and performs key operations. The company now to expand
operations in the international marketplace in order to achieve major organisational goals. To
develop growth of different operations, it is crucial for IOM solutions to select major path of
business development. This is a key role of a business to develop a focused strategy for business
growth in a short period of time.
Types of business organisations that are available for reorganising IOM solutions
In the global and domestic marketplace, IOM solutions should develop a main approach for
expanding its operations. Most of the successful companies in the international marketplace
include the development of focused strategy and approach (Anbu, 2019). The types of business
organisations present in order to perform reorganisation of IOM solutions are mentioned below:
 Sole proprietorship- In the sole trader business, a business is handled by a single person
who is also responsible for bearing the loss. The sole trader also bears risk associated with
different operations with the help of focused approach. In the sole trader business, the capital
invested is very less compared to other types of businesses. It is an important business
decision of IOM solution to develop and conduct sole trader based operations. This is a type
of business which enables a business firm to focus on small scale operations with the
involvement of minimum risk.
 Company- The company is a separate legal business entity which exists in the market for
economic operations. IOM solution can expand its operations by establishing a separate legal
business entity. All major companies require large investments in the marketplace which also
develop high attention and focus on different operations. All major companies in the
international marketplace also develop focus on risk management in order to perform huge
operations. Company is also a major establishment which requires professional and skilled
management to perform quick and smooth functions.
 Partnership- Partnership is major type of business, which includes agreement between two
or more persons to develop business operations. In the partnership there is a major sharing of
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profit and loss in order to develop at the marketplace. This also involve application of major
functions in order to also share risk associated with the business. Partnership also includes
major business activities in a well-defined manner for business growth and expansion. In
order to develop major operations related to partnership, IOM should take help of a
professional business advisor (Cartwright, Davies, and Archer-Brown, 2021). The company
should also focus on achievement of major goals and objectives which are essential for
focused development.
 Co-operative societies- In the functioning of a business, it can go with co-operative society
based operations. The different cooperative societies are formed for developing business
practices which are important for focused growth. IOM solutions can also conduct business
in a unique manner by going social in the corporate world. This type of business is essential
in development of parameters related to corporate social responsibility. It is also key role of a
business entity to perform operations according to corporate social responsibility for focused
growth.
 Merger- The company can develop merging with other company to expand operations at the
marketplace. It is essential for company to focus on merging with other body to include more
employees in business operations. The merging techniques which are used by different
companies also brings introduction to new culture. All major companies should focus on
realising the importance of merging and develop internal environment related to the same.
IOM solution will need a professional approach in order to merge with other company at the
marketplace. Focus of a business organisation should be on performing operations with full
supervision and control in order to merge with separate business entity.
 Acquisition- This is one of the major option available to IOM solutions in order to function
at the marketplace. The acquisition techniques bring a major expand in business functions in
a precise manner. In this approach it is major function of a business to fully acquire a new
company. This bring and develop all major tasks and roles of management of the company in
order to perform operations in a smooth manner. The acquisition techniques which are used
by a business entity should be developed according to dynamic environment which is present
in the marketplace. In acquisition, there is a great responsibility of management to select
functions according to requirement of the business. The acquisition techniques are also
helpful for a company to increase market share and strength. In this approach existing
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business organisations are acquired by a business by spending a huge amount. IOM solutions
can also acquire an existing company and proceed with operations in a precise manner. The
company after acquiring a business entity should focus on developing major parameters of
business (Granig, and Hilgarter, 2020). Although the risk involved in terms of acquisition is
high as the change is attained in a long period of time. It is the utmost responsibility of
management of a company to focus on long and short term goals achievement after acquiring
other company. There are many different companies which acquire multinational companies
at the marketplace and perform operations accordingly.
Legal consequences of different types of business
It is essential for a business entity to develop and face legal consequences with the help of
focused strategy and approach. The legal consequences also create challenges for a business at
the marketplace in a well-defined manner. All major companies in the global marketplace also
face the legal challenges associated with business with the support of professional strategic and
legal management. The main legal consequence of sole trader business is it involves less legal
formalities (Lašáková, Remišová, and Bohinská, 2022). Also the legal procedure which is
associated with the business, should be developed with the help of effective legal department. A
business can also hire skilled and trained legal advisors for the business which who are able to
develop focus of company to legal procedure development. All major international companies
try to develop legal operations in a precise manner which enables company to be ethical. It is
also the moral duty of management of a company to follow employment legislation of UK in
order to conduct ethical business. In order to face the legal consequences in a precise manner, it
is important for the company to develop a major planning framework. The risk and legal
consequences related to marketing in global business environment are also present in a major
sense. It is very much crucial for the business to take quick actions for development of all major
operations in an advanced manner. It is also important for the business to select a major strategy
which is helpful in handling different types of legal risks (Lu, Papagiannidis, and Alamanos,
2018). IOM solutions current employment legislations that are related to equality and
employment safety laws. In the partnership there are major legal formalities which are to be
performed by a business entity to succeed in the international marketplace. Also it is equally
important to conduct ethical business in partnership, so that there is a legal development of major
operations. All companies in the international marketplace also focus on legal policies of
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government in order to develop transparent business practices. The main focus of a business is
on key development based approaches in an advanced manner for systematic development of the
company.
Recommendation for selecting the right type of organisation and strategy
It is essential for the company to develop a focused business strategy after choosing right
type of organisation type. According to above stated analysis, IOM solutions should opt for
merging option in the international and national marketplace. This will help the company to
easily establish its operations in a legal manner within a short period of time. The development
of right type of strategy for the business firm after merging will be also helpful in development
of a focused and well organised organisational culture (Raut, Mangla, and Narkhede, 2019). It is
highly recommended for IOM solutions to choose merger option in order to minimise risk
associated with the operations. Also the company is suggested to focus on change management
in order to makes its employees more competitive in the marketplace. The selection of right type
of organisation and strategy will also help the company to focus on key goals which are
developed at the starting of financial year. All major companies should also realise the
importance of corporate social responsibility in international market. If the company selects
merger options, then it will be also able to focus on key aspects of strategic management for the
formation of accurate strategy (Sandeep, Ahamad, and Bora, 2021). The company should also
focus on development of information and technology in order to perform major legal operations
online. Various universally adopted change management models should be also developed by a
business entity in order to face change after merging. In order to gain competitive advantage in a
short period of time, it is essential for the company to take help of legal policy.
IOM solutions should merge with companies which are having good reputation and
goodwill in the international marketplace for smooth operations and functions. The company
should also develop key focus on all business operations with the help of legal approach that is
formulated by board of directors. In order to increase the effectiveness and efficiency of a
company, it is compulsory for the business firm to choose right path and right strategy. Key
focus of a business should be on legal procedures that is developed with the support of different
operations. Legal policy frame work should be designed by top level management and also the
key focus on goals and objectives. Legal strategy of company should be implemented with
effective supervision and control in order to gain better results. The main focus of a business
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organisation is on key areas of legal development in order to increase profitability. With the help
of legal policy frame-work a company can develop focused and key approach that is beneficial in
increasing overall strength of business (Shete, Ansari, and Kant, 2021). All companies in the
global marketplace merge with each other to develop a separate legal business entity.
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CONCLUSION
From the above stated report it can be concluded that there are many business organisations
which are established to fulfil demand of an economy. The above discussion concludes the
importance developing and choosing right type of business in order to explore different
opportunities. This project concludes the role played by top level and strategic management in a
company for achievement of effective growth. The above analysis also concludes the impact
caused by different business factors which are present in the external and internal environment.
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REFERENCES
Books and Journals
Alkraiji, A.I., 2020. Weighting the challenges to the effectiveness of business intelligence
systems in organisations: an empirical study of government organisations in Saudi
Arabia. Journal of Decision Systems, 29(2), pp.102-127.
Anbu, D., 2019. The Role of Leaders and Managers in Business Organisations. Asian Journal of
Management, 10(3), pp.225-228.
Cartwright, S., Davies, I. and Archer-Brown, C., 2021. Managing relationships on social media
in business-to-business organisations. Journal of Business Research, 125, pp.120-134.
Granig, P. and Hilgarter, K., 2020. Organisational resilience: a qualitative study about how
organisations handle trends and their effects on business models from experts’
views. International Journal of Innovation Science.
Lašáková, A., Remišová, A. and Bohinská, A., 2022. Barriers to ethical business in Slovakia: an
exploratory study based on insights of top representatives of business and employer
organisations. European Journal of International Management, 17(1), pp.86-113.
Lu, Y., Papagiannidis, S. and Alamanos, E., 2018. Internet of Things: A systematic review of the
business literature from the user and organisational perspectives. Technological
Forecasting and Social Change, 136, pp.285-297.
Raut, R.D., Mangla, S.K. and Narkhede, B.E., 2019. Linking big data analytics and operational
sustainability practices for sustainable business management. Journal of cleaner
production, 224, pp.10-24.
Sandeep, S.R., Ahamad, S., and Bora, A., 2021. To understand the relationship between Machine
learning and Artificial intelligence in large and diversified business
organisations. Materials Today: Proceedings.
Shete, P.C., Ansari, Z.N. and Kant, R., 2021. Analysis of sustainable supply chain management
enablers and their benefits realised to business organisations. International Journal of
Business Performance and Supply Chain Modelling, 12(2), pp.85-115.
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