Partnership Case Studies (Doc)
11 Pages2381 Words315 Views
Added on 2020-10-05
Partnership Case Studies (Doc)
Added on 2020-10-05
ShareRelated Documents
CASE STUDY
Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................11 Partnership firm........................................................................................................................12 Porters 5 force model ..............................................................................................................33. micro environmental factor.....................................................................................................4CONCLUSION................................................................................................................................5REFERENCE:..................................................................................................................................6
INTRODUCTIONPartnership is business in that two or more person share profit & loss, ownership, capital,risk and return. Frank and Paddy two partner start business for sharing liability and risk. Frankand Paddy start a partnership fir for aching profit. So the company use different model and factorfor managing business relation between the competitor and organisation. In the case study willbe analysis knowledge of partnership firm and how to work business for long term, how achivecompetitive advantage and improve business throw the micro environmental factor. TASK1 Partnership firmA business unity is an organization that use resources to provide good and services tocustomer for money or other services. In business organization come different type and forms ofownership. Types of business organization; sole proprietorship: a sole person owned by thebusiness. That type business work at small level business entities. Partnership: in that businesstwo or more person contribute resource. In that all partners share profit and loss equal manner.Corporation: is business organization owner have limited liability and limited involvement in thecompany, and cooperative: in that business a group of operates come in a business for mutualbenefit(Allavena, 2018.). Types of partnership :general partnership: it will be define partner who participant daily work and operation in thecompany. Each partner have equal right to participant in the management, business control anddecision making. Company assets and liability are divide equally.Limited partnership: in limited partnership involve one general partner that have unlimitedliability are owner of business or they have limited liability. In that the limited partner worklimed and that partner not usually involve daily business. Limited liability partnership: inthat partnership partner haver limited liability of every partner.It means partner work for organization protect risk, legal problem and financial problem.In the case study Frank and Paddy run a partnership firm 'Fra-Pa's Frozen Yoghurt shop'.They use different strategy for increase supply and attract customer. Frank Johan and PaddyJackson work together because they think partnership work is Easy and Inexpensive(Grover,1
Cheon and Teng, 2014.). In Partnership both partner focus on business development. Frank andPaddy share profit and loss, financial and non finance issue etc. they are equally invested in thebusiness success. Partnership is incentive for there employee. Frank and Paddy think in thepartnership firm more capital are available, reduce risk, and flexibility etc. But in partnershipfirm Frank and Paddy liability increase, they divide there authority. Frank and Paddy think when they work in partnership they have more advantage in thebusiness. Because partnership formalities are easy and legal, one partner have experience in thework. They share decision and decision related issue. Frank and Paddy power to clear potentialpartner to clear about what there profit and loss. so the Frank and Paddy sale Yoghurt. In thisthey clear about the product sale. In partnership business Frank and Paddy polling money for themaking profit, share skill and resources. Partnership is a important part of the business. Frank and Paddy work together and sale product on lower price for attracting customerfor developing there business. Frank and Paddy want to supply more and more product and earnprofit from there Fra-Pa's Frozen Yoghurt shop. The company make strategy for the attractingcustomer and cover market attention. In partnership. Frank and Paddy want to develop thereproducts and sales. In Partnership firm Fra-Pa's Frozen Yoghurt shop Frank and Paddy want topooling money, sharing individual skill and resources and sharing profit and loss.Forming a partnershipAccording to company low the partnership are usually registered with in state. In thatbusiness requirement for the registration of the partnership. For registration the company haveclear partnership agreement, type of partnership, and role or responsibility of each partnership.The Frank and Paddy have followed some rule for the making better partnership. They haveshare values, partners complimentary skill, track record together, clearly define partnership roleand responsibility and select write business structure(Grundy, T., 2016). Frank and Paddy use some partnership characteristics for the making better partnershipinthere business Fra-Pa's Frozen Yoghurt shop. All partners are involved there personal share andliability in partnership. Frank and Paddy work together for achieve conman goal. Similar ethos orsystem of beliefs on each partner. Both work with there role and responsibility for same timeperiod. When Frank and Paddy share resources, ideas, and creativity for improving business.Frank and Paddy support and diversity for the partnership development. Frank and Paddy2
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Partnership Business of Fra-Pas Frozen Yogurt Shop of Frank and Paddylg...
|10
|2536
|374
Establishing a Business Organization: Partnership, Porters 5 Forces, and Macro Environmental Factorslg...
|11
|2151
|340
Partnership Business Assignmentlg...
|10
|2394
|428
Partnership, Porters 5 Forces and Macro-environmental Factors for Fra-Pas Frozen Yogurt Shoplg...
|10
|2222
|84
Business and Managementlg...
|11
|2197
|166
Business Environment in Merrill Lynch Assignmentlg...
|9
|2098
|107