IOM Solutions: Business Organisation Types and Expansion Strategies

This report provides a comprehensive analysis of different types of business organizations, including sole proprietorships, partnership firms, limited liability partnerships (LLPs), joint stock companies, and one-person companies, highlighting their key features, advantages, and disadvantages. It also explores various expansion methods such as internal expansion, franchising, and joint ventures. The report uses the case study of IOM Solutions, a sole proprietorship, to evaluate these business structures and expansion strategies, recommending the most suitable organizational form and expansion methods for the company's growth. The report concludes with a recommendation for IOM Solutions to adopt a joint stock company structure and consider joint ventures for expansion, offering practical insights for business owners seeking to expand their operations. The report references several books and journals, providing a robust foundation for its analysis and recommendations.