amir akbar company management & business combination
TRANSCRIPT
Amir Akbar
COMPANY MANAGEMENT & BUSINESS COMBINATION
Management Authority
ShareholdersBoard of DirectorsChief ExecutiveSecretaryManaging Agent
Management Authority
ShareholdersThese are owners of company but all
shareholders do not share in management
Board of DirectorsThe shareholders of the company elect the
directors in annual general meeting of the company. All the management of the company is in the hands of Board of Directors.
Management Authority
SecretaryThe secretary performs the secretarial work.
The most confidential matters of the company are associated with the company.
Chief Executive or Managing DirectorThe board of directors appoint one of its CEO
or MD.
General MeetingsStatutory Meeting
It is the first meeting of a company shareholders. Its objective is to inform shareholders about the affairs of the company.
Annual General Meeting
It is the open meeting of the shareholders. Shareholders can crticize the policies of the directors and can suggest various methods to solve the problem of the company.
General MeetingsExtra Ordinary General Meeting
If any problem is created suddenly which cannot be postpone till the next annual meeting is conducted to solve the problem.
Business CombinationIt is voluntary association of firms for the
acheivement of common objectives.
To enjoy monopoly advantages
Sometimes firm decide to merge themselves.
Business CombinationCauses of Business Combination
Elimination of competition.To solve capital problemEffective ManagementUse of technologyTo face crisesStatus in marketResearch Facilities
Business CombinationADVANTAGES
Increase in capitalLarge scale marketingExperts servicesResearch WorkStability
Business CombinationDISADVANTAGES
Creation of monopolyChances of conflictsOver capitalizationMisuse of fundsNational interest ignored
Business CombinationDISADVANTAGES
Creation of monopolyChances of conflictsOver capitalizationMisuse of fundsNational interest ignored
Business CombinationTypes of Business Combination
Vertical CombinationHorizontal CombinationCircular CombinationDiagonal Combination
Business CombinationVertical Combination
When different departments large industrial units combine together.
Under the combination of purchasing of raw material to selling of product.
Business CombinationVertical Combination
Typing Section
Printing Section
Binding Section
Management
Business CombinationHorizontal Combination
It is also a voluntary association which two or more than two similar nature business firm combined them selves under the one management. It is called horizontal combination.
Business CombinationVertical Combination
Tea Factory
A
Tea Factory
B
Tea Factory
C
Tea Factory
DManagement
Business CombinationCircular Combination
When different types of business units combine themselves under one management.
ManagementIT Industry Software Industry
Mobile Industry
Business CombinationDiagonal Combination
When two or more business units perform subsidiary services if they combine under main industry.
Food Company
Packaging Company
Biscuts Industr
y
Business CombinationVertical Combination
Tea Factory
A
Tea Factory
B
Tea Factory
C
Tea Factory
DManagement
Cooperative SocietyA cooperative society is an association of
individual who voluntarily pool their resources and carry on the business for their own welfare and not for profit seeking business.
It is a form of organization in which the consumers are the owners of the business.
From manager to clerk all are the owners of business.
Cooperative SocietyVoluntary Membership.Equal RightsHonestyMutual ConfidenceDistribution of profitSelf ServiceSpirit of Love and Cooperation
Cooperative SocietyADVANTAGES
Mutual CooperationFinancial AssistanceLess ExpenditureEqual Rights.
DISADVANTAGESLack of capitalLack of experienceAbsence of discipline