I need help in business management study

noobiie_moii

Hi people, i am actually studying on the business management course. Currently doing module 3 now, which is on the topic of business management & administration. And, i was stuck on the self assessment, questions asking about : How can a businessman retain "control" of a company? For what reason might he have to surrender control, and what possible dangers are there to him in doing so.

So far, from what i have been reading on the textbooks, and researching through website. i still could not find any details to this retain "control". i do not really understand what is a retain "control". Therefore, i was hoping to get an answer through here.

Do please help me, if there is people also, studying business management course. i would really appreciates your help. Thank you.

stevenkuan01

I'm not doing business mgnt but accounting & finance, has a little knowledge related to ur study.

firstly how do u define the "retain control",
is that meaning how a businessman prevent third party from taking over his company?

encourage u to post up the full assignment question, then i could get better understandings on ur problem.

noobiie_moii

the question is very short, and i had it listed above already.

this is the question:

How can a businessman retain "control" of a company? For what reason might he have to surrender control, and what possible dangers are there to him in doing so.

i actually do not really understand what is meant by retain control, as in a lot of web have different saying, even the textbook has different saying. but what i really need now, is a more specific definition on what is retain control and also a few examples on it.

Jayrein

i think it means how the person preventing others to take over his business
i think first u gotta know what type of business he is running, is it sole proprietorship or limited company
if u found out there are different meaning on the same wording
stick to the textbook's definition is the safest

noobiie_moii

but i need examples

if not it is quite hard to write out the answer for the question

so, does that means, what ever that retain control is about, it stills have to depends on the types of business going on in a company?

吃醋公主

During company start up, and during times of great risk and high expense, a company owner may find it neccessary to sell shares in company ownership to other people, so as to gain money needed to run the enterprise, and to lower personal risk.

As the company thrives, and as there are frictions between the different owners, others may want to get fid of the original owner.

stevenkuan01

noobiie_moii 发表于 2013-5-12 10:20 AM
but i need examples

if not it is quite hard to write out the answer for the q ...

did you learn about business entities?
like sole proprietorship, partnership, private and public company?

小开心

Business Administration vs Business Management
Business Admin = Process to organize the business/firm resources and people in order to achieve the objectives.
Business Management = Stressing the business skill to make an effective business leader.

How can a businessman (ie, manager) retain "control" of a company?
Definition of Control: following up on the progress of the plans in order to guarantee their ultimate success.
How?
1. Organizing / Effective Team - How can you define EFFECTIVE TEAM to lead the company?
2. Leadership / Efficient Leader to make sure the productivity - What kind of leader to make sure the productivity is excellent?
3. Management - What kind of management can you serve to ensure the quality of the outcomes? How?
4. Planning - What kind of strategies provided to navigate the business in the future?
5. 7P's Strategies / SWOT Analysis - To identify your company in order to stronghold / strengthen the company.

For what reason might he have to surrender control?
1. Inefficient works / planning
2. Low productivity of works.
3. Lack of experience
4. Staffing issue.
"Attack the WEAKNESS from SWOT Analysis and you will get your score "

What possible dangers are there to him in doing so.
Explain from the FAILURE from the point given above.

This is my opinions about your assignment. Hopefully my points can help you.
I can't guaranteed my points given to you are the right answer.
You may discuss with your lecturer for more infos.

For safety reasons, you can ask to remove this post to avoid copy cats
Haha. Just PM me to remove this post will do if you wants to.

Cheers

stevenkuan01

小开心 发表于 2013-5-12 12:44 PM
Business Administration vs Business Management
Business Admin = Process to organize the business/fi ...

Can you elaborate the points that u stated under "surrender control" ?

why
1. Inefficient works / planning
2. Low productivity of works.
3. Lack of experience
4. Staffing issue.

would lead businessman to surrender "control"?

noobiie_moii

吃醋公主 发表于 2013-5-12 10:33 AM
During company start up, and during times of great risk and high expense, a company owner may find i ...

thanks for the reference!