Change Management: Types of Business Organisations and Strategies

This essay examines three types of business organizations: partnership, corporation, and limited liability company (LLC), outlining the advantages and disadvantages of each. It discusses the characteristics of a partnership, highlighting its simplicity in formation but also the personal liability of partners. The essay then contrasts this with corporations, which offer limited liability and easier transfer of ownership but face more complex regulations and double taxation. Finally, it explores LLCs as a hybrid model. The essay further discusses incremental, complete, and emergent changes. It references Kotter and Schlesinger's six strategies for managing change: education and communication, participation and engagement, support and facilitation, negotiation and agreement, manipulation and co-optation, and coercion. The essay concludes that understanding and addressing resistance to change is crucial for organizational success, suggesting strategies such as educational seminars and long-term solutions to address employee concerns.

202118938
UNDERSTANDING CHANGE
JASIM ALI RATHORE
FOUNDATION YEAR
MANCHESTER

This essay will present three different types of business organisational with advantages and
disadvantages for each one “offer distinct sorts of events and make moves.” (Kotter and Schlesinger
2013). This assessment will outline the following types of business organisation: partnership,
corporation, and limited liability company. A collaboration is a contractual arrangement among
three or more individuals to control a business while also sharing revenue. Relationships can take
many forms and dimensions. In a partnership business, for example, all partners share equal liability
and earnings, although in other businesses, partners might well have restricted liability. Several of
the key benefits of a body corporate is the lack of formalities as comparing to getting a small
company. Private limited businesses have a more complicated financial reporting than partners.
While your company will not be required to submit a Tax Rate Return, you will have to keep a record
of your costs and profits. A relationship can be formed ranging from non by the parties. See no need
to file the legal contract with Companies House and filing it with HMRC for tax purposes is simple.
Separately, the participants must register for subconscious, which can be done online. Operating in a
firm collaboration gives companionship and mutual support, as opposed to helping alone as a sole
trader. Establishing and running your own business can be challenging and daunting, particularly
when you've never done it before. You've partnered now. Although a number of partners has a
series of benefits, it has a lot of disadvantages. A professional relationship does not really have an
authority independent out of its members. Because one of the members stands down or dies, until a
partnership agreement with alternative plans is in place, it will be dissolved by default. Because the
firm lacks a legal representative, the members are personally liable for any debts or losses incurred.
As a result, if the company faced with financial difficulties, creditors may be able to seize your

financial assets, which is not the case if the company was a separate legal entity. A business is a
state-recognized legal entity besides its shareholders. A company can be owned by people and or
organizations, and control can be passed directly via stock purchasing and selling. Since an
organisation is its own legal entity, it has the right to sue on its basis, protecting its members against
individual liability in case of a suit.
There are several advantages to becoming a corporation, including the limited personal liability,
easy transfer of ownership, business continuity, better access to capital and (depending on the
corporation structure) occasional tax benefits. A corporation, more than any other business kind,
protects its owners' personal assets from responsibility. If a company is sued, for example, the
shareholders are not personally liable for corporate debts or legal responsibilities - even if the
organisation lacks the assets to fulfil the bill. Corporation membership is based on a proportion of
company shares, which provides for freedom in terms of ceding control and long-term sustainability
than other organisation kinds. There are a variety of reasons why you would not want to create a
business. There are a few different types of explanations behind this. Corporations are dependent on
two types of taxes. They are paid on a company basis, and dividends are paid on a personal one for
shareholders. Forming a company is more costly and moment than forming other types of
businesses. Corporations are subject to government regulation and are required to keep extensive
records of their operations. A private corporation (LLC) is a business form in the United States
wherein the shareholders are not personally liable for the firm's liabilities. Limited by guarantee
corporations (LLCs) are a type of hybrid company that combines the benefits of a corporation with
that of a proprietorship or a partnership.A private limited company can have multiple members
(owner.) Rather than paying extra, individuals can exchange any actual or virtual object for a
participation stake. The share of a membership can be transferred.
For tax reporting purposes, a limited liability business taxed as a partnership can distribute the gains
and losses among the members regardless about how much investment they invested. In a tax-free
transaction, a partnership-taxed LLC can be transferred to another company structure. Some of the
disadvantages
Some of disadvantages for limited liability company can be for tax reporting purposes, a limited
liability business taxed as a partnership can distribute the gains and losses among the members
regardless about how much investment they invested. In a tax-free transaction, a partnership-taxed
LLC can be transferred to another company structure. If a member withdraws, dies, goes bankrupt,
or becomes otherwise incapable, the limited liability company may be dissolved unless there is an
operational agreement in place that specifies what should happen if that happens. It is necessary to
file a state filing within state in which the company was founded as well as the states in which it
conducts business. Incremental change is a type of change that occurs steadily, one step ahead of
the game. If a business wishes to gradually deploy a new workplace protocol, for example, new rules
and norms would be applied over time.
A quick change which changes overall heart of welfare structures or internal practices is referred to
as complete change. This type of transition does have an impact on the economics, norms, and
interpretative frameworks of both firms and people." The relevance of realpolitik inside
organisations as a driver of the pace, shape, and nature of transformation must be recognised by
professionals. “(Dawson, 1994)." The notion describes the emergent transition process, which is a

sort of change that occurs in our welfare structures when the source of primary has attained a new
order that leads to new behaviours.
Whether they plan in or not, change is unavoidable. External influences, such as a pandemic, might
cause businesses and individuals to modify their ways of doing things. Other instances, they accept
change more fervently in reaction to our society's changing views and behaviours. One thing is
certain: 'the rate of change in the context of performance management remains to accelerate'
(Kotter & Schlesinger, 2008). John P. Kotter and Leonard A. Schlesinger developed six pragmatic and
verified ways to effectively manage transformational culture after decades of studies:
Education and communication are two important aspects of life. one among the most popular and
arguably easiest ways to lessen opposition, people must be sufficiently educated about just the
problem adjustments once they happen. People will understand why the suggested changes are vital
if there is adequate communication.
Participation and engagement are important. Other alternative is to incorporate potential
adversaries in the development and execution of a new plan. This plan of action has the potential to
make individuals feel like they are part of the transformation process.
Support and facilitation. Managers may overcome reluctance by displaying their backing. While
undergoing training, or merely stating psychological help and commitment, it's probable where
you'll be given extra focus and effort. It seems self-evident that you'll be helpful or helpful.
Negotiation and reaching an agreement. Providing an inducement would be another way to cope
with resistance. A suggestion of better earnings or other monetary benefits, for example, might
persuade individuals to support the initiative.
Manipulation and co-optation are two terms that come to mind while discussing deception and plc.
'In some cases, a supervisor also defaults to clandestine tactics to influence another,' according to
the authors. A method for dealing with the new reality may be to use chosen information and
develop a thorough strategy for implementing changes. Co-optation is a common method of
influence in which someone is given the desirable role in making changes.
Coercion, both explicit and tacit. Sometimes administration has no choice but to use coercion to
overcome resistance. They successfully force individuals to accept changes in this situation by
threatening them overtly or implicitly.
In today's culture, one of the issues that many organisations confront is managing change. The essay
by Kotter and Schlesinger (3) discusses how a company might select effective transition tactics.
Technology as well as other environmental variables are causing the world to change at a breakneck
pace. Many businesses find themselves in precarious positions where change is unavoidable. When
employees, on the other hand, reject change, difficulties develop.
As a conclusion we can say that organizations have realised that to succeed in their operations, they
must discover solutions to cope with opposition to change. By recognising and comprehending the
source of the resistance, management may devise ways for dealing with it. If, for example, the
resistance is based on a misunderstanding of fear, the management can host educational seminars
in which all important stakeholders are invited to address concerns related to the new system. If the
fear is based on legitimate concerns, such as the possibility of losing a job because of the
implementation of an automated system, management must develop a long-term solution that
resolves the issue.

Reference list:
1. Kotter, J.P., Schlesinger, L.A. (2008). Best of HBR. Choosing Strategies for Change (online).
Available at www.hbr.org
2. Dawson, 1994 in the referral book about “Understanding World”
3.