Power point 1
Forms of Business Organization:
● Sole Proprietorship: A business owned by one individual, noted as the simplest and
least costly form.
● Partnership: A business owned by two or more individuals, where profits are divided
among partners; includes General and Limited Partnerships.
● Corporation: A business organization with unlimited commercial life, formed by
incorporators and evidenced by articles and by-laws approved by the SEC.
● Cooperative: A business owned by a group of individuals who are also its beneficiaries,
requiring at least fifteen members.
●
Strategic Management:
● The slides define strategic management as the formulation and implementation of major
goals and initiatives by an organization's managers, considering resources and the
internal and external environments.
● Strategy is defined as determining long-term goals, adopting action courses, and
allocating resources.
● Mintzberg's view of strategy is also included, describing it as a broad formula for how a
business will compete, its goals, and the necessary policies.
● The slides also discuss different perspectives on strategy, including strategy as plan,
pattern, position, ploy, and perspective.
● Tools for strategic management, such as PESTLE analysis, the Abell Model, and the
Business Model Canvas, are presented.
Organizational Structures:
● The slides touch on organizational structures and architectures, including Galbraith's Star
Model and Mintzberg's approach, and also briefly mention agile organizations.
PowerPoint 2
The 7-S Framework is a model used to analyze organizational effectiveness. It emphasizes the
importance of coordination over just structure in achieving organizational effectiveness. The
framework was introduced in the late 1970s and became widely recognized after being featured
in the book "In Search of Excellence".
The 7-S framework includes the following factors:
● Strategy
● Structure
● Systems
● Shared Values
● Skills
● Style
● Staff
The framework suggests that these factors are interconnected, and changes in one area will
affect the others. It has remained a relevant tool for understanding the complexities of
organizations.
PowerPoint 3
