1. 2) Companies
Chapter 1: The World of Work

2. What’s a company? True or False?
A company can be created by one person
True
A company’s aim is to make profit
True
A company is considered as a person
True
A company is the same thing as a society
False

3. How much do you know about Apple Inc?
• Founded : in 1976 in California
• Industry: Computer hardware and software
/consumer electronics
• Products: Computers, smartphones, tablets
• Slogan: Think Different
• Type of company: Corporation

4. A corporation:
corporations video.flv

5. Structure of a corporation
Shareholders
Management
Board of
Directors
Day to day operations
Identifies and manages
corporate risks
Oversees management
Makes decisions in the
interests of the
shareholders
Elect the directors
Invest in the
company

6. Apple’s Organizational Structure in 2010

7. : Apple,Inc in Numbers
1977
Ronald Wayne sells his shares of Apple for $800
(worth over $35B today)
408
Number of retail stores established in 14 countries
60,400
Number of employees
$681.3
Price of a share
$ 42B
Net profit in 2012
$ 337.2 Billion
Market Value:
Apple Inc. is today the most valuable company in the world

8. Other types of companies
in the USA

9. The Limited Liability Company (LLC)
Characteristics:
• Well suited for a single owner
• Flexible in management
• Less administrative paperwork
• Protects from personal loss
• More taxes

10. The Sole Proprietorship
Characteristics:
• is owned and run by one person
• No legal distinction between the owner and the business
• Few government rules and regulations
• High degree of flexibility
• No protection against personal loss
• Limited lifetime

11. The Partnership
Characteristics:
• Is owned and run by several people
• Same advantages and drawbacks as the Sole Proprietorship

12. The Joint Venture
Characteristics:
• Two or more companies form a new company with specific objectives
• share their assets for the new one
• Share risks and profits
• Equity ownership
• High rate of dissolution (within 4 years)