individual report based on a case study

Individual report based on a
case study

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Evaluation of partnership as a type of business organisation......................................................3
Porters 5 Forces framework.........................................................................................................4
Macro environmental factors.......................................................................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Business organisations of several types among which partnership is a type of business
organisation. Partnership involves 2 or more people share ownership of a single business. There
are several factors that affect business and its functioning, competitive environment and macro
environment involve these factors. This report will discuss about partnership, competitive
environment and macro environment in context of Little Dessert Shop. Shop has been developed
by Mary Jones and Sue Jackson and is located in busy Bullring Shopping Centre in Birmingham.
MAIN BODY
Evaluation of partnership as a type of business organisation
Mary and Sue owners of Little Dessert Shop, because the shop is owned by more than
one individual, this business is considered to be a partnership business type. Partnership business
can be defined as organisation with at least two or more owners. This business is not considered
separate from its owners this means that partners and business are not distinguished. However
relationship between partners is based on partnership agreement (Teoh, 2017). This means that
as business partners Mary and Sue need to create an agreement and this agreement become basis
for their business partnership. In this agreement Mary and Sue can involve decision-making
practices and power, profit sharing, dispute resolution, admission of new partners, and if needed
how partnership will be dissolved. Partner in a partnership are also of different types and they
can determine what type of partners they are. Types of partners involve general partnership it is
simplest partnership in which partnership starts with partners entering into agreement and does
not require forming with state. Limited partnership is a formal business entity authorised by
state. In this one partner is fully responsible for business and other partners provide money but
do not actively mange business. Limited liability partnership is partnership in which every
partner actively manages business but their liability is limited in case of one another’s actions.
And limited liability limited partnership is one in which liability of general partner is also limited
and this allows liability protection to all partners (Cohen, 2017). Case study suggests that
partnership of Mary and Sue is general partnership.