A radical change which takes an organization to a new and different level of structure and functioning is called organizational transformation. Organizational change is both the process in which an organization changes its culture, strategies, operational methods, technologies, or organizational structure to affect change within the organization and the effects of these changes on it. Organizational […]
Management > General Management > Forms of Business Organizations > Rights of Partners Partners can determine their mutual rights and duties by a contract called a partnership deed. The partnership deed determines aspects of general administration, distribution of work among partners, the extent of share in profits, etc. Such a deed can be expressly made […]
Management > General Management > Forms of Business Organizations > Types of Cooperative Societies The cooperative societies are classified on the basis of the nature of their operations. The types of cooperative societies are as follows: Consumer’s Cooperative Societies: They are the oldest form of cooperatives. The consumer cooperative societies are formed to protect the […]
Management > General Management > Forms of Business Organizations > Cooperative Society Cooperation is the process of groups of individuals working or acting together for common, mutual, or some underlying benefit or purpose, as opposed to working in competition for selfish benefit. The cooperative society is a voluntary association of persons, who join together with the […]
Management > General Management > Forms of Business Organizations > Types of Partnerships Types of Partnership on the Basis of Duration: On the basis of the duration of the partnership, the types of partnership are a partnership at will, a partnership for a fixed term, and a particular partnership. Partnership at will: If a partnership […]
Management > General Management > Forms of Business Organizations > Partnership The sole proprietorship form of the organization suffers from certain limitations such as limited resources, limited skill, and unlimited liability. To expand business more capital, more time and managerial skills are required. There may involve more risk. This disadvantage of sole proprietorship call for more […]
Management > General Management > Forms of Business Organizations > Types of Partners The Indian Partnership Act, 1932 defines partnership as “the relation between persons who have agreed to share the profit of the business carried on by all or any one of them acting for all.” In partnership, two or more people work together […]
Management > General Management > Forms of Business Organizations > Joint Hindu Family Business (HUF) When starting a business or is interested in expanding an existing one, an important decision relates to the choice of the form of organization. By weighing the advantages and disadvantages of each form of organization, the most appropriate form is […]
Management > General Management > Forms of Business Organizations > Sole Proprietorship When starting a business or is interested in expanding an existing one, an important decision relates to the choice of the form of organization. By weighing the advantages and disadvantages of each form of organization, the most appropriate form is determined. The decision […]
Law > Civil Laws > Transfer of Property Act > Acts Amounting to No Transfer of Property As the transfer of property means conveying of property i.e., creation of new title or interest in the favour of the transferee, if new title or interest has not created in favour of the transferee, the property cannot […]