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BUSINESS ORGANIZATION

BUSINESS ORGANIZATION. PRIVATE SECTOR UNDERTAKINGS. JOINT SECTOR UNDERTAKINGS. PUBLIC SECTOR UNDERTAKINGS. PRIVATE SECTOR UNDERTAKINGS. Owned , Controlled and Financed by private businessmen . No Government Participation Main motive is to earn profits.

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BUSINESS ORGANIZATION

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  1. BUSINESS ORGANIZATION PRIVATE SECTOR UNDERTAKINGS JOINT SECTOR UNDERTAKINGS PUBLIC SECTOR UNDERTAKINGS

  2. PRIVATE SECTOR UNDERTAKINGS

  3. Owned, Controlled and Financed byprivate businessmen. • No Government Participation • Main motive is to earn profits.

  4. FEATURES

  5. 1. OWNERSHIP & CONTROL

  6. Fully owned & controlled by Private Entrepreneurs. • Owned by one individual or by a group ofindividuals.

  7. 2.PROFIT MOTIVE

  8. 3. NO STATE PARTICIPATION

  9. 4. PRIVATE FINANCE

  10. Capital is arranged by private owners. • Sole trader contributes the capital in Sole Proprietorship. • In Partnership, capital is invested by partners. • A Joint stock Company, raises its capital by the issue of shares & debentures.

  11. 5. INDEPENDENT MANAGEMENT

  12. Managed by owners. • In Sole Proprietorship and Partnership, theowners, directly manage the firm. • In Joint stock Company, management lies in the hands of directors, who are the elected representatives of the shareholders.

  13. PUBLIC SECTOR UNDERTAKINGS

  14. FEATURES

  15. 1. STATE OWNERSHIP

  16. Fully owned by the Government or some Public Authority.

  17. 2. GOVERNMENT CONTROL

  18. 3. SERVICE MOTIVE

  19. 4. STATE FINANCING

  20. Capital and Funds through appropriationfrom Government Budget • Loan Financing.

  21. 5. BUREAUCRATIC MANAGEMENT

  22. Managed and Governed within the policyframework and rulesframed by theGovernment.

  23. 6. PUBLIC ACCOUNTABILITY

  24. Accountable to public for performance. • Annual Audit of Public Sector Undertakings is conducted by the Comptroller & AuditorGeneral of India. • Annual Reports are subject to discussion in the parliament or State Legislature.

  25. JOINT SECTOR UNDERTAKINGS

  26. WITHOUT FOREIGN PORTFOLIO : • Ownership, Control & Management isshared jointly by the Government, PrivateEntrepreneurs and Public at large. • Proportionate Shareholding : Government- 26%Private entrepreneurs- 25%Public- 49%

  27. WITH FOREIGN PORTFOLIO : Proportionate Shareholding : Government- 25%Private entrepreneurs- 20%Foreign Investors- 20%Public- 35%

  28. FEATURES

  29. 1. MIXED OWNERSHIP

  30. Government, Private Entrepreneurs and Public at large.

  31. 2. COMBINED MANAGEMENT

  32. 3. SHARE CAPITAL

  33. PRIVATE SECTOR ORGANIZATION SOLE PROP. PARTNERSHIP COOP. SOCIETY JOINT HINDUFAMILY BUSNS JOINT STOCK COMPANY

  34. SOLE PROPRIETORSHIP

  35. One individual provides capital, bears all risks and independently manages the business.

  36. JOINT HINDU FAMILY BUSINESS

  37. Owned & Controlled by a Joint Hindu Family, which consists of father, son, grandson and the great grandson. • Head of the family, called Karta, manages the business. • Liability of every member of the family,except Karta, is limited to his share in thefamily’s assets.

  38. PARTNERSHIP

  39. Two or more personsenter into a contract to carry on some lawful businessjointly and share profits. • Each partner is jointly and individuallyliable for the debts of the firm. • Liability of every partner is unlimited. • Controlled and managed by Partners.

  40. JOINT STOCK COMPANY

  41. Incorporated association of two or more persons. • Distinct legal entity. • Continuity is independent of the lives ofits members. • Management & Control lies in the hands of Board of Directors.

  42. COOPERATIVE SOCIETY

  43. Organized on the principle of Mutual-Self- help. • Incorporated association, with distinctidentity. • Limited liability of its members. • Managed & Controlled by Board of Directors.

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