Types of business structures Sole Proprietorship A Sole Proprietorship is one individual or married couple in business alone. Sole proprietorships are the most common form of business structure. This type of business is simple to form and operate, and may enjoy greater flexibility of management, fewer legal controls, and fewer taxes. However, the business owner is personally liable for all debts incurred by the business.
It is necessary to study the different leadership styles from which an appropriate style can be selected, depending upon the situation in which leadership is to be exercised and the nature of the followers involved. Positive and Negative Leaders or Bosses There are different ways in which leaders approach people to motivate them.
If the approach emphasizes rewards, the leader uses positive leadership. If the approach emphasizes penalties, the leader is applying negative leadership.
Negative leaders should be called bosses rather than leaders. There are three classes of supervisory techniques — autocratic, participative or consultative and free-rein and corresponding to these three techniques, there are three management styles — autocratic, democratic and laissez-faire.
To these one more may be added-paternalistic style. Autocratic or Authoritarian leadership An autocratic leader centralizes power and decision-making in himself.
He gives orders, assigns tasks and duties without consulting the employees. The leader takes full authority and assumes full responsibility. Autocratic leadership is negative, based on threats and punishment. Subordinates act as he directs. He neither cares for their opinions nor permits them to influence the decision.
He believes that because of his authority he alone can decide what is best in a given situation. Autocratic leadership is based upon close supervision, clear-cut direction and commanding order of the superior. It facilitates quick decisions, prompt action and unity of direction.
It depends on a lesser degree of delegation. But too much use of authority might result in strikes and industrial disputes. It is likely to produce frustration and retard the growth of the capacity of employees. The employees work as hard as is necessary to avoid punishment.
They will thus produce the minimum which will escape punishment. This leadership style is less likely to be effective because i the new generation is more independent and less submissive and not amenable to rigid control; ii people look for ego satisfactions from their jobs and iii revolution of rising expectations changed the attitude of the people.
Autocratic leadership may be divided into three classes: A The hard-boiled autocrat who relies mainly on negative influences uses the force of fear and punishment in directing his subordinates towards the organisational goals. This is likely to result in employees becoming resentful.
B The benevolent autocrat who relies mainly on positive influences uses the reward and incentives in directing his subordinates towards the organisational goals. By using praise and pats on the back he secures the loyalty of subordinates who accept his decisions.
C The manipulative autocrat who makes the employees feels that they are participating in decision-making though the manager himself has taken the decision.If you’re just starting your search for an optimal accounting software for your company a sheer variety of options dedicated to different businesses industries, sizes, and work processes can be really overwhelming.
Which. Small to medium business accounting.
Aside from the basic features in entry-level products, small to medium accounting software features additional modules for the other aspects of business operations. Get inspired with our gallery of over example business plans. Choose the category that is closest to your own business or industry, and view a plan you like.
LivePlan includes all business plan samples, so you can easily reference any of them when you’re writing your own plan. If you’re. Apr 26, · When small business owners decide to start a retirement plan, they’re often surprised by how many different types there are to choose from.
When you get down to it, there are three core plan. From the day an entrepreneur starts a business, he exposes himself to certain risks. Even before the first employee is hired, a business is at risk, making it important to have the right insurance.
Executive Summary. There is much confusion in the marketplace about the different types of UPS systems and their characteristics. Each of these UPS types is defined, practical applications of each are discussed, and advantages and disadvantages are listed.