Chapter 5 Part 2

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  • 1. CHAPTER 5 PART 2 Jordan May
  • 2. CORPORATION
    • A corporation is an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members
    • An example of a corporation is McDonalds
  • 3. FRANCHISES
    • One franchise is Monkey Joes
    • One advantage is advertising is already done in some cities
    • One disadvantage is cost
  • 4. FRANCHISES CONT.
    • another franchise is BP gas stations
    • One advantage is the cards are already available for people
    • One disadvantage is price of starting is expensive
  • 5. MISSION STATEMENT
    • A mission statement is a short specific written statement of reason a business exists
    • Google’s original mission statement is no evil
  • 6. GOALS
    • So they know what they are supposed to be doing
  • 7. COMPANY PROCEDURES
    • Typically at a school they have many procedures like
      • No gum
      • No cell phones
      • No skipping class
  • 8. ORGANIZATION
    • An organization chart makes life more easy
    • We have a chore chart
  • 9. FUNCTIONAL OR MATRIX ORGANIZATIONAL CHART
    • Functional is having business surrounded by sections
    • Matrix is having business surrounded by projects