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Overview
Keywords Details
Type Public
Industry Retail
Founded 1968 in SanFransisco,California
Headquarters Ratinger Germany and Hong kong
Key people Fookaun Chew, executive director and group CFO Ronold Van dar,
CEO
Products Women , man casual , Esprit kid’s, sports, accessories, shoes, body-
wares ect.
Employees 15000 worldwide
Website www.esprite.com
Retail stores 850
Countries 40
Partnership Definition
• It is basically relationship between two or
more persons who join hands to form a
business organization with the objective of
earning profit. The parsons who join hands
individually known as “Partner” and
collectively known as a “Firm”
Features
• ease of starting,
• control,
• sole participation in
profits and losses,
• use of owner’s ability,
• tax breaks,
• secrecy and
• ease of dissolving
•Unlimited Liability.
•Difficulty in raising capital.
•Limitations in managerial
ability.
•Lack of stability.
•Demands on time.
•Difficulty in hiring and
keeping high-achievement
employees.
Solution of the problem 1
• In a partnership, people with different
talents and skills may join together.
esprit’s owners doug and have some
outstanding talent and superb planning
to conduct the esprit. so,we can say that
the combination of managerial skills
between doug and Susie helped esprit
grow to become a large business.
Solution of the problem 2
• Instability is one of the major problems in a
partnership business. Now Doug and Susie face this
problem in the esprit. There marriage began to split,
there partnership began to say and business
suffered. We think that personal problems can ever
be predicted and avoided in the kind of partnership
that Doug and Susie had at esprit.
Solution of the problem 3
• If we were the chairperson of the board of directors of esprit.
we would recommended to other members that they should
stop choosing one side and should not be anxious. They
should take some steps by which esprit can solve its problem.
And we would recommend Susie and Doug that they should
find the solution of these problems instead of arguments,
criticism, personal insults. They should consider both
thoughts and they should not give up operating control of the
company.
Learning
1. The main issue in the partnership business is the
agreement. It can be written or orally
2. Family business whether it is sole proprietorship
or partnership personal clash and instability is the
main obstacle in the path of success
3. Different talents and skills join in the partnership
business
4. Considering partners philosophies makes the
success of partnership business
ESPRIT’S Financial Status: A
Chronology
0
200
400
600
800
1000
1200
1400
1968 1972 1979 1984 1986 1987 1989
Conclusion
• After the sole proprietorship, partnership is the oldest and
most popular form of business. A partnership is mainly based
on a written contract or a voluntary and legal oral agreement.
Success in a voluntary and legal oral agreement. Success in a
partnership business mostly depend on considering each
partners philosophies because people with different talents
and skills may join in a partnership business.

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Presentation on "ESPRIT"

  • 1.
  • 2.
  • 3. Overview Keywords Details Type Public Industry Retail Founded 1968 in SanFransisco,California Headquarters Ratinger Germany and Hong kong Key people Fookaun Chew, executive director and group CFO Ronold Van dar, CEO Products Women , man casual , Esprit kid’s, sports, accessories, shoes, body- wares ect. Employees 15000 worldwide Website www.esprite.com Retail stores 850 Countries 40
  • 4. Partnership Definition • It is basically relationship between two or more persons who join hands to form a business organization with the objective of earning profit. The parsons who join hands individually known as “Partner” and collectively known as a “Firm”
  • 5. Features • ease of starting, • control, • sole participation in profits and losses, • use of owner’s ability, • tax breaks, • secrecy and • ease of dissolving •Unlimited Liability. •Difficulty in raising capital. •Limitations in managerial ability. •Lack of stability. •Demands on time. •Difficulty in hiring and keeping high-achievement employees.
  • 6. Solution of the problem 1 • In a partnership, people with different talents and skills may join together. esprit’s owners doug and have some outstanding talent and superb planning to conduct the esprit. so,we can say that the combination of managerial skills between doug and Susie helped esprit grow to become a large business.
  • 7. Solution of the problem 2 • Instability is one of the major problems in a partnership business. Now Doug and Susie face this problem in the esprit. There marriage began to split, there partnership began to say and business suffered. We think that personal problems can ever be predicted and avoided in the kind of partnership that Doug and Susie had at esprit.
  • 8. Solution of the problem 3 • If we were the chairperson of the board of directors of esprit. we would recommended to other members that they should stop choosing one side and should not be anxious. They should take some steps by which esprit can solve its problem. And we would recommend Susie and Doug that they should find the solution of these problems instead of arguments, criticism, personal insults. They should consider both thoughts and they should not give up operating control of the company.
  • 9. Learning 1. The main issue in the partnership business is the agreement. It can be written or orally 2. Family business whether it is sole proprietorship or partnership personal clash and instability is the main obstacle in the path of success 3. Different talents and skills join in the partnership business 4. Considering partners philosophies makes the success of partnership business
  • 10. ESPRIT’S Financial Status: A Chronology 0 200 400 600 800 1000 1200 1400 1968 1972 1979 1984 1986 1987 1989
  • 11. Conclusion • After the sole proprietorship, partnership is the oldest and most popular form of business. A partnership is mainly based on a written contract or a voluntary and legal oral agreement. Success in a voluntary and legal oral agreement. Success in a partnership business mostly depend on considering each partners philosophies because people with different talents and skills may join in a partnership business.