Ziad Elmoatazbella Ali Abdalla 25104114
1
Sole traders and owned and managed by one person the liability is infinite, so the owner's
personal assets are at risk the scope is usually local
Partnerships that are owned and shared between two or more individuals there is unlimited
liability also for all partners the scope is local or regional the scope is usually local
Limited companies they are owned by shareholders with each of them having shares which
divides the ownership of the company the liability is limited so the personal assets they are
not at risk the scope can be either national or international
Multinational companies they are complex with many shareholders the liability is limited
for shareholders the scope of the operation it's normally in multiple countries
2
An organisational mission states the purpose and goals of an organisation, the
reason it exists and what it wants to achieve. A strong mission statement will
include the organisation's purpose, core values, audience and activities. A good
mission statement is clear, precise and inspiring. It should guide decisions,
motivate employees.
Ziad Elmoatazbella Ali Abdalla 25104114
3.
Goals that are specific, measurable, achievable, relevant and time bound. All these help to
keep us focused and motivated to do what we set out to do. Achieving goals enables
organisations to track progress, use resources well, and keep all the team members pulling
in the same direction, which results in better performance and a better business.