Essay on Business Structures for International Student Food Services

This essay analyzes the optimal business structures for a startup focused on providing economical and healthy food to international students in Australia. It examines a case study involving two individuals, Obama and Osaka, who aim to establish a food service business. The essay explores various business structures, including sole proprietorship, partnership, corporation, LLC, and cooperatives, ultimately recommending the cooperative model as the most suitable option. The cooperative structure allows for shared earnings, profits, and management responsibilities. The essay outlines the essential requirements and processes for establishing a cooperative business, such as forming a steering committee, conducting a feasibility study, drafting articles of incorporation and bylaws, and creating a comprehensive business plan. It emphasizes the importance of these factors in ensuring the success of the food service venture.

Management
4/15/2019

The essay brings about the discussion on the concept of business structures and some
of the key issues faced by business organisations in managing their operations. The
discussion is based on the given case study, of two individuals joining to start a business
related to providing food services to the international students travelling in Australia. The
assignment will mention suitable business structure to manage their new ‘Economical and
healthy food business’.
The case study is about two individuals, Obama and Osaka who eventually came
together to start a new business, through which they will focus upon providing healthy and
economical food. This is particularly for the people or students who travel to Australia on
weekends, or for vacation. For the purpose of starting business or managing their costs, they
have some amount and assets to be invested in their business. However, it is essential for
them to follow a particular business structure.
Every organisation or firm follows a particular business structure, as there are five
common business structures, sole proprietorship, partnership, corporation, LLC, cooperative
and others. Thus, the essay will mention or provide recommendations about most suitable
type of business structure available for them (Roberts, 2018).
Q1.
To state about the various type of business structures used in context to business
organisations it has been analysed that partnership is one good form of business organisation.
The business structure of partnership refers to the legal form of business operation between
two or more individuals who work together and share management and profits. However,
looking at the case of Obama and Osaka it can be stated that Cooperatives is one of the best
option or form of business, which is mostly applied by multiple people coming together to
start a business. Cooperative refers to the business operated and owned for the benefit of
those using services. Under this form of business structure, Obama and Osaka will be able to
share their earnings, and profits and other issues affecting their incorporation. Thus, it has
been found as most suitable business structure for their business (Noe et al., 2017).
Q2.
The above discussion has stated about the role of suitable business structure, i.e.
cooperative business model as it manages various types of needs and aspirations and share
profits and earnings. Now, the discussion will include the assessment of various requirements

and processes that the ‘economical and healthy food’ business will need to consider as the
most suitable type of business structure (Berti & Mulligan, 2016). In context to setting up a
cooperative business structure, individual or people as partners in the venture need to take
care of the following aspects:
Establishing a steering committee, carrying out a feasibility study is essential
requirement to start up a business. Besides, this articles of incorporation needs to be drafter
and the bylaws, and creating a business plan for these two people is necessary with the
aspects of arranging more funds or finance to secure and achieve their goals. Thus, important
requirements or processes, which need to be considered while following the business form of
cooperatives and deliver healthy food to the people (Goedertier, Vanthienen & Caron, 2015).
To conclude the above discussion it has been analysed that starting a new business
requires effective and successful business structure and other processes to be followed. As
the essay has mentioned about the given case study, and the related aspects of cooperative.

References
Berti, G. & Mulligan, C. (2016). Competitiveness of small farms and innovative food supply
chains: The role of food hubs in creating sustainable regional and local food
systems. Sustainability, 8(7), 616.
Goedertier, S., Vanthienen, J. & Caron, F. (2015). Declarative business process modelling:
principles and modelling languages. Enterprise Information Systems, 9(2), 161-185.
Noe, R. A., Hollenbeck, J. R., Gerhart, B. & Wright, P. M. (2017). Human resource
management: Gaining a competitive advantage. New York, NY: McGraw-Hill
Education.’
Roberts, J. (2018). Multinational business service firms: development of multinational
organization structures in the UK business service sector. United Kingdom:
Routledge.