An individual who takes the financial risk of starting and managing a new business.
The owner may lack of skills for attracting the type of funding required to the
business.
The owner may not have enough wealth which can be use in return of the
loan they have to cover back.
be their own boss and make their own decision
Kate do not want other controlling over the workplace and controlling
everything with her own decision making.
Wants to keep all the profit
She wants to use on her own on the profit she earns and reinvest them
with her own technique.
Span of control is narrow
Employees are supervised more closely so there are less mistakes
in the work.
Good relationship with other
as there are fewer managers in a level there will be a good relationship
between the managers and the employees.
I think he should becuase when taking over a business it helps the business to increase
in its ideas as they will also consider the decision of the specialize employees from the
other business it will improve in its quality and decision making. By the help of the
specialize employees there will be less waste and they can decrease the average cost.
They will also get quicker and easier excess in foreign companies becuase the company
is well known and others know that it is a well organized and grow company. It will be
also easy for them to raise finance as the lenders and bankers knows that they have
wealth which can be use to cover up the loan they have borrow. They are more likely
to be a profitable business becuase the product produce are good quality so people
will enjoying buying from them which will increase in profitability.