Partnership

According to the author Charles Hill, “Global Business Today”, “Collaboration between competitors is fashionable; recent decades have seen an explosion in the number of strategic alliances”. Indeed, the global economic system is nowadays so complex and the competition sometimes too strong that some companies cannot survive by acting independently (many products and different choices on the global marketplace). In such an environment, constantly changing, elaborating strategic partnerships or alliances can be a really useful strategic decision.

Strategic alliances are developing a lot in many industries and this for many strategic reasons. We will actually “discuss in which circumstances firms should elaborate strategic alliances in their international operations”. First of all, we will precisely define strategic alliance in an international context, using different authors’ views and opinions. Then, we will see in which circumstances firms should develop such alliances. We will also explain how to choose the right alliance and how to manage “winning” partnerships.

Definition of Strategic Alliances

In their book “International Business”,  the authors A. M. Rugman and R. M. Hodgetts mentioned that “a strategic alliance is a business relationship in which two or more companies work together to achieve a collective advantage”. They also claimed that “one of the most common ways of benefiting from economic integration is by creating a strategic alliance”. According to the author Charles Hill, “Global Business Today”, “strategic alliances refer to cooperative agreements between potential or crucial competitors for the benefits of all companies concerned”.

So an international strategic alliance is generally defined as a formal link created by two (or sometimes more) organisations, of different nationalities, in order to realise a particular project jointly by coordinating several skills, competences and resources such as products or services, intellectual property, manufacturing processes and distribution channels for example. Of course, the different organisations can be present in the same international markets. For example, two firms can conduct research together to market a product or a service.

It can also be a firm giving a license to another one in order to produce and sell a product in a new market. We will evoke other examples of strategic alliances later on, but it is important to know that alliances can really take a number of forms in lots of industries and part of the world. Building a strategic alliance is actually a way for firms not to conduct a project on their own, which would imply many risks and an individual confrontation to competitors. In addition, alliances are also an alternative to mergers and acquisitions (Eleanor Davies, “Strategic Alliances”, lecture, 2008).

By the way, let’s see what are the major differences between strategic alliances and mergers/acquisitions. First of all, in the case of an alliance, each firm remains completely independent. In addition, the different parties involves have a common goals to achieve without any loss of interest or autonomy. On the other hand, in the case of mergers/acquisition, companies have to abandon their independence as a new organisation is created (one chain of command notably).

In their book “International Business”,the authors A. M. Rugman and R. M. Hodgetts, mentioned that it is possible to make a distinction between joint ventures and strategic alliances. Indeed, alliances are most of the time created between firms belonging to the same line of business or industry, whereas joint ventures may have partners from very different businesses. Furthermore, in the book “International Business”, written by F. Burton and F. McDonalds, distinctions between international strategic alliance and joint ventures are also made. Indeed, they mentioned that “an international strategic alliance is a collaborative agreement in which partner firms of different nationalities have a presence in the same international or global markets”. On the other hand, “an international joint venture is a partnership of two or more independent firms which share resources when at least one partner’s headquarters are located outside the venture’s country of operation or when the venture operates outside all the partners’ home countries”.

In every strategic partnership, parties involved need to set up an important communication process at all stages of the organisation: the workforce level, the operational level and, of course, the top management according to I. Ronkainen, E. Moynihan, M. Czinkota, M. Moffett, “Global Business”. As a consequence, strategic alliances clearly involve a multiple decision making process, with regular bargaining and negotiation phases. Theses characteristics are actually a risk for companies as they can slow down decision-making processes or even create disagreements between partners, (Eleanor Davies, “Strategic Alliances”, lecture).

To avoid such situation, we will explain how to elaborate “winning” alliances in the second part I. B. Types of Strategic Alliances In the book “Marketing Management”, the author Philip Kotler,  claims that most of strategic alliances actually take the form of “marketing alliances”: Four main categories are evoked:

1. Product / Services alliances: When a firm licenses another to manufacture its products, or when two firms jointly market their complementary products or a new product.
2. Logistic alliances: When one firm offers logistical services for another firm’s product. This is notably the case of the company “Abbott” that delivers the complete range of “3M’s” medical products to hospitals all over the U. S. territory.
3. Promotional alliances: For example, when a firm agrees to carry out the promotion for the product of another firm. To illustrate that, we can evoke the company “McDonalds” that often carries a promotion for new “Walt Disney’s movies” (“Happy Meals “).
4. Pricing collaborations: This occurs when firms get together to elaborate a special pricing collaboration. For example, many hotels and car rental companies have joined to offer specific and mutual discounts.

We can also classify strategic alliances into two main groups (according to the “Alliance Strategy Group”, online):

• Vertical partnerships: Relationships between buyers and suppliers for example.
• Horizontal partnerships: Relationships between companies selling similar products or services.

When using strategic alliances in international operations?  One of the most important advantages of strategic alliances is that it brings “together complementary skills and assets that neither company would easily develop on its own”.

At that point, when it disperses the unifies to the shareholders (as profits), the shareholders need to pay assesses on the profits. Fundamentally, the same wage gets burdened twice. You can stay away from this by making the corporation a “S corporation”, which implies the corporation does not pay any government wage charge itself – rather the shareholders pay assess on their offer of the corporation’s benefits. This is accessible just for corporations with few shareholders. A “sole partnership” does not by any stretch of the imagination exist. You likely mean sole proprietorship.

This is the point at which somebody runs heir business without the security of a corporation, partnership or limited liability organization (LLC) or any possible legal entity that ensures the managers from being subject for the business. A “partnership” is a legal entity that gives the same assessment preferences as “S corporation” – the partnership does not pay any salary charge. Partnerships come in 2 essential structures: A “general partnership” is a manifestation of business where each one accomplice is subject for the other accomplice’s exercises identifying with the business.

This is clearly not a cent alternative, since limited liability is one of the primary focal points of structuring a business entity. A “limited partnership” is the place the accomplices have “limited liability” like a corporation. An alternate manifestation of association is the LLC – this provides for you the same “limited liability” as a corporation or limited partnership, and provides for you the same tax reductions as a “S corporation” or partnership. 2. Owners’ liability’ (is) limited to the amount they invested in the firm.

Stockholders (are not) responsible for any encumbrances of the firm; in reticular, they (cannot) be required to pay back any debts incurred by the firm. 3. A limited liability company, or LLC, is a manifestation of business association that takes into account limited liability for the owner(s). It considers an unlimited number of parts and provides for them the liability shield that they may not have generally reveled in had they framed as a straightforward association, yet at the same time keeping up the majority of the levy profits managed by an organization.

As a result of these double profits, the shareholders, or “Parts” as they are known whether some piece of a LLC, fundamentally delight in the same sorts f limited liability security that a corporation offers, with not many special cases, and in the meantime, additionally revel in certain expense focal points, including, yet not limited to, pass-through tariff and association treatment by the IRS. These focal points make All’s extremely alluring for certain business dealings and wanders.

Early on childhood instruction plays a critical function as it is the first measure to further physical and cognitive competency in bend to act upon a individual ‘s womb-to-tomb acquisition and accomplishment. To work as a successful early childhood pedagogue, empathy and an apprehension of the early childhood course of study – Te Whariki is requested. Along with this ordinance, an effectual partnership between pedagogues and whanau has appeared as an indispensable and valued assistance to accomplish the mark successfully – to achieve a quality accomplishment for kids ‘s acquisition and development. Harmonizing to this, the importance of partnership in the context of early childhood service and its cardinal constituents to implement will be discussed in this essay.

Definition of teacher-parents ( whanau ) partnership

The term ‘partnership ‘ is used to depict a mutual relationship between two parties who collaborate on a joint activity or undertaking. With different valued beliefs which may happen in the procedure of coaction, instructors and whana, in this partnership, complement each other in assorted learning attacks to advance a valuable and choice early childhood instruction service for kids.

Similarly, the impression of Te Tiriti o Waitangi, which states about partnership between people who from different cultural backgrounds, Maori and pakeha, to “ mahi tahi – work together ” ( Presbyterian Church of Aotearoa New Zealand, 1992. ) in any fortunes.

For this ground, in Aotearoa/ New Zealand, the early childhood course of study – Tellurium Whariki have employed the impression of Te Tiriti o Waitangi and suggested in its bicultural attacks for an equal and respectable attitude in learning attacks.

Effective partnership and cardinal constituents

Teachers ‘ attitude in a partnership with whanau and the scene of teaching method are influential to win the early childhood service ( Lindon, 1997 ) . As Stonehouse ( 1994 ) insisted, “ unless staff in kids ‘s services give precedence to relationships with parents, they do non assist kids ” ( p55 ) . Along with the Guiding Principles of Quality in Action, it has besides mentioned directors and instructors should work together “ by admiting parents as first pedagogues and by working collaboratively to develop shared ends and outlooks ” ( Ministry of Education,1998, p. 14 ) . Therefore, coaction with parents/whanau in the context of early childhood Centre is one of major appraisal for all pedagogues while promote the lovingness service. In short, a figure of cardinal constituents to accomplish effectual partnership are listed as mentions:

Empowerment & A ; Involvement

Harmonizing to ‘Family and Community ‘ , a rule in Te Whariki, instructors should admit that the engagement of whanau in their instruction attacks is indispensable – “ Families should be portion of the appraisal and rating of the course of study ” ( Ministry of Education, 1996, p. 30 ) . Likewise, in order to “ authorise parents/whanau to recommend their kids and do determinations or to act upon the patterns ” for their kids ‘s ain goods ( Keesing Styles, 2000 ) , an appropriate teaching method demands to be settled. For illustration, plan a programme for parents/whanau to construct a household portfolio with their kids. These attacks are to promote whanau to analyze Centre ‘s policies and teaching method by take parting their ain kids ‘s acquisition and development procedure. A positive respect and trust between whanau and instructors will be formed whithin the procedure.

Communication

“ Communication must be meaningful and effectual as it is communicating that forms the footing of partnership ” ( as cited in Grey & A ; Horgan, 2003, para 18 ) .

Inviting whanau to fall in regular meeting “ to discourse their kid ‘s learning advancement, involvements, abilities and countries for development on a regular footing, sharing specific observation-based grounds ” ( Ministry of Education,1998, p. 55 ) can be a proper channel for an effectual communicating. Manager and pedagogues should guarantee the communicating with parents/whanau are continued and in two-way. The intent in this attack is for interchanging positions and back uping the single demands. It is besides a scheme to further parents ‘ assurance in the context of early childhood service and increase the chance to better learning attacks by geting their important advices. In add-on, a positive attitude to accept and esteem different ideas or peculiar questions is indispensable.

Consultation

“ Parental apprehensions and outlooks will change kids ‘s outlooks of themselves ” ( Ministry of Education, 1996, p. 30 ) .

“ Consultation is the procedure of garnering information to accomplish shared apprehensions, ends, and outlooks that will inform determination devising ” ( Ministry of Education,1998, p 51 ) . A statement of doctrine is an illustration to show Centre ‘s cardinal beliefs, vision, values and Centre ‘s instruction. This attack will derive the trust and support from parents/whanau.

Decision

“ Partnership between parents and professionals is regarded as the “ integrating of different wisdoms ” ( as cited in Grey & A ; Horgan, 2003, para 16 ) . Contribution from partnership between parents and instructors is valuable in the context of early childhood instruction service as it may act upon the consequence of kids ‘s acquisition and development. In the decision, the authorization and engagement of parents/whanau and appropriate communication and confer withing channels from instructors can assist to build a echt partnership to win the end for a quality service of kids ‘s acquisition and development. However, an effectual partnership may hold trouble to keep, for case, hard personality or unacceptable belief, which may ensue from how an pedagogue perceives him/herself in function of the instruction and how they encourage parents/whanau to step on this partnership.

Effective Partnership In Action

Introduction

To build an effectual partnership with parents/whanau is more hard than holding a pleasant relationship with kids. The ground what I observed is grownups have complex ideas which acquired from the experiences of societal world for protecting themselves from selfishness and injuries. In a relationship of partnership, when differences of personality, belief or value come out, they mislead the determination and neglect to make the end. Unfortunately, this state of affairs go on easy and it ever necessitate a long clip solve and keep the relationship in stable because we are grownups who might come from unexpected background as we need to cognize each other first so acquire into deeper relationship to join forces with. To be a negotiable individual and acquiring effectual communicating accomplishment with an opened-mind will advance quality partnership relationship in this instance. Furthermore, a positive attitude of trust and regard is a cardinal constituent to build an effectual partnership. As an early childhood instructor, there is a necessary to hold a self-awareness, to accept single differences, to be courageous plenty for challenges and the ability of job work outing since they all count as factors of accomplishment of partnership. In short, to larn to build effectual partnership with parents/whanau, we need more hand-on experience to grok the rule and detect the grade of understanding while using our cognition into pattern. It is an outlook for my acquisition for become a professional in early childhood instruction service.

Personal instance survey

My brother has a boy named Alvin. He is 16-month old. We live together and I help to look after small Alvin in my trim clip while the parents are busy. Alvin has a strong fond regard with me as I had proven from his actions. He normally becomes exciting when he seeing me around and so be given to run towards me for a large clinch even his parents are playing with him. From my observing, his parents have their ain attacks to raise their ain kid which some of them are against mine. They have pride and have no willing to portion the experiences of Alvin ‘s lovingness to others. In effect, Alvin have had a cautious lovingness from them, for illustration, no outdoor walk without places, no H2O playing and has no much chance to larn to eat by himself as I think he is large plenty to make those in his age. In fact, he is already a 16kg – 70cm fittingness male child and he understands our words most of clip. My teaching method encouraged him to research and meet his milieus safely through our interaction. This could be the ground he has strong fond regard to me and intend to listen what I say when he has emotional upset instead than his male parent. In this state of affairs, I feel abashed and fighting in my brother ‘s green-eyed monster and a tense relationship with my sister-in-law. They had complain my action is about to replace their function as kid ‘s ain parents. It sounds a large job in our relationship.

Interpersonal communicating schemes

I think our relationship is form as a ‘partnership ‘ relationship as I am insouciant carer of Alvin and they are parents. Through our reading stuff for partnership rule and some advises from instructors who are working in my support Centre. I had thought about my job which leads the tenseness between me and Alvin ‘s parents need to be solved by my attitude with communicating scheme. My apprehension from the rule of partnership and Te Whariki acknowledged that I had break the regulation of ’empowerment ‘ which insists the mandate of parents ‘ right and to authorise parents to do determination for their kid ‘s ain goods ( Keesing Styles, 2000 ) . Therefore, I could non derive the regard and trust from my brother or my sister-in-law in this partnership, alternatively, a negative feedback came. Listed some good illustrations from Quality in Action. They are utile assistance to work out my job in this cautiousness partnership and it works good in my pattern.

Provide chances for parents/whanau to discourse their kid ‘s larning “ procedure, involvements, abilities and countries for development and sharing specific observation ” ;

“ Acknowledge the rights of all parents/whanau and their aspirations for their kids ” ;

“ Listen, value and esteem the positions of parents/whanau ” ;

“ Invite and empower parents/whanau to lend through their engagement ” in the synergistic activity ;

“ Consult ” and discourse “ with parents/whanau about learning attacks that concern their kids ” ;

Make parents/whanau feel comfy “ to show their concerns ” ;

Less the fond regard with kids and promote them to interact with parents and concentrate on their relationship ;

In order to delight our relationship from this state of affairs I had explained. I applied the above attacks and communicating accomplishments learned from reading and advises from instructors of support Centre into pattern. As the consequence, trust and regard from Alvin ‘s parents have dismissed my concerns from our tense relationship. I move Alvin ‘s attending back to his parents by promote his trust to his parents when we are all in the same room. For illustration, ‘please listen to what mum/dad said and Dendranthema grandifloruom can assist him ‘ ; or ‘yes, mum/dad is right, why do n’t you travel with them and look into what will go on? It must be good. ‘ In those interaction, There are some suggestion that I gave as deductions to avoid a misinterpretation for taking off parents ‘ power from Alvin ‘s lovingness. For illustration, I asked for parents ‘ permission and their willing before I gave Alvin something else that they have non provided yet. It besides comforted me that we could hold chances to play hide-and-seek with parents ‘ engagement and work together with the same purpose – do Alvin happy.

Decision

In decision, I am larning to supply a quality lovingness to my nephew through playing and larning from grownups without confounding which side is right or incorrect. The partnership between me and Alvin ‘s parents is building positively in advancement. I had recognized the importance of partnership in child care service as we can back up each other ‘s clip, ability and intelligence as complementation to accomplish our common end for kids ‘s demands. As from my experiences, my communicating accomplishment and attitude with parents, who are besides relation of mine, shall acquire more betterment as I do hold a willing to go a professional and work in the context of early childhood instruction service. I will ne’er halt learn or halt my patterns. It is besides fortunate to hold this experience at place that I could larn from it before I may run into the same state of affairs at workplace.

Introduction

For each business, discuss the business entity that represents the best choice for each business; taking control, taxation, and liability issues into consideration. Also, identify laws and regulations each business must consider in starting the business, and identify risks against which each business must protect itself. For the Construction scenario, discuss all of the above elements; plus, also identify and discuss the employment laws and regulations with which the Construction entity must comply in making a decision.

Restaurant/Bar Business

Lou and Jose plan to open a sports bar and restaurant where customers socialize and watch sporting events on large-screen TVs that hang around the bar. They do not have much money, but they do have Miriam, a wealthy investor who does not have time to participate in the business, but wants to provide capital to start the business in return for a percentage ownership.

A sole proprietorship also known as a sole trader or simply proprietorship is a type of business entity, which is owned and run by one individual and where there is no legal distinction between the owner and the business. All profits and all losses accrue to the owner (subject to taxation). All assets of the business are owned by the proprietor, all debts of the business are their debts, and they must pay them from their personal resources. This means that the owner has unlimited liability. It is a “sole” proprietorship in the sense that the owner has no partners (partnership).

A sole proprietor may do business with a trade name other than his or her legal name. This also allows the proprietor to open a business account with banking institutions.

Advantages

The main advantages of a sole proprietorship are that they are easy to start up, they are subject to fewer regulations relative to other types of businesses, the owner has full autonomy with regard to business decisions, and they are easy to discontinue. Another advantage is that one takes all the profits of the business. This is the main reason that most businesses are of this type.

A sole proprietorship is not a corporation; it does not pay corporate taxes, but rather the person who organized the business pays self-employment taxes on the profits made, making tax filing much simpler. A sole proprietorship also does not have to be concerned with double taxation, as a corporate entity would. A sole proprietor usually has a quick decision process and does not have any opposition when making a decision as he or she has total control of his or her business.

All profits and losses accrue to the owner. The owner does not have the tension regarding conflicts among the partners, as there are no partners. In addition, it is easy to set up, with having little paperwork to fill in and little money spent on setting up, this is one of the easiest types of business to start.

Disadvantages

A business organized as a sole trader will likely have a hard time raising capital since it has to make up for all the business’s funds. The owner of the business has unlimited liability as he/her is responsible for the business’s debts because she/se has control over the business.

A disadvantage of a sole proprietorship is that as a business becomes successful, the risks accompanying the business tend to grow. To minimize those risks, a sole proprietor has the option of forming a corporation, or, more recently in America, a limited liability company (Wikimedia Foundation, Inc. 15 May 2010).

Professional Business

Akiva and Tara have just completed all educational and experiential requirements to be licensed as obstetricians. They want to open a birth clinic together. They will take out a large loan to finance start-up costs.

The federal government of the United States does not have specific statutory law governing the establishment of partnerships. Instead, each of the fifty states as well as the District of Columbia has its own statutes and common law that govern partnerships. These states largely follow general common law principles of partnerships whether a general partnership, a limited partnership or a limited liability partnership.

In the absence of applicable federal law, the National Conference of Commissioners on Uniform State Laws has issued non-binding models laws (called uniform act) in which to encourage the adoption of uniformity of partnership law into the states by their respective legislatures. This includes the Uniform Partnership Act and the Uniform Limited Partnership Act.

Although the federal government does not have specific statutory law for establishing partnerships, it has an extensive and hyper detailed statutory scheme for the taxation of partnerships in the Internal Revenue Code. The IRC is Title 26 of the United States Code wherein Subchapter K of Chapter 1 creates tax consequences of such great scale and scope that it effectively serves as a federal statutory scheme for governing partnerships (Wikimedia Foundation, Inc. 11 May 2010).

Construction Scenario

Mei-Lin is the hiring manager for Surebuild, Inc., a new construction company. She has advertised a position as a jackhammer operator. The position’s description states that the successful applicant must have a high school diploma. The following people applied for the position. Michelle, 35, who appears to be pregnant, is a high school graduate, and was formerly employed as a jackhammer operator.

Eric, 55, who is experienced with a jackhammer, but has no high school diploma, Felipe, who is 38, speaks no English, has no high school diploma, but is experienced with a jackhammer. In addition, Nick, 23, a college graduate who is epileptic, and has no experience with a jackhammer.

Mei-Lin as the manager has to look out for the company and hire the best person that is qualified for the job description. Michelle is the only one that has a high school diploma and knows how to operate a jackhammer but the only downfall is she is pregnant.

Mei-Lin does not know how far long Michelle is in her pregnancy so Mei-Lin does not know how long Michelle would be working for the company and have a leave of absence. As for Eric, Mei-Lin does not know how long Eric’s experience of operating a jackhammer and the reason why Eric did not get his high school diploma. The company is counting on Mei-Lin to make the right decision of hiring the right person for the job.

Conclusion

In this paper, I had to figure out which business entity works for the Restaurant/Bar Business and Professional Business. I think I did pretty well of doing the research of answering which business entity works for those. In the Construction Scenario, a manager had to decide whom to hire for the company and has all the qualifications for the job description.

References

Wikimedia Foundation, Inc. (15 May 2010). Sole proprietorship. Retrieved on May 17, 2010 from http://en.wikipedia.org/wiki/Sole_trader

Wikimedia Foundation, Inc. (11 May 2010). Partnership. Retrieved on May 17, 2010 from http://en.wikipedia.org/wiki/Partnership

Of the three structures of business, sole proprietorship is the easiest and inexpensive to form. Only one person runs the entire operation. The manager is also the owner who controls all assets and properties as well as profits. The capital infused comes mostly from personal wealth or as credits from financial institutions. The individual is liable for all the obligations of the business like contracts and debt payments. The sole proprietor can hire employees at the same time can sell the business to others. The income derived from the business becomes his/her personal income. The owner/manager is required to register the business and obtain all necessary licenses before operating the company.

Partnership is a business form that is managed and owned by more than one person. Though not legally required, it is suggested that partners sign a contract detailing their ownership and responsibilities as well as their rights and share of profits. These partners have joint authority and liability in running the business. Both share their resources (financial, assets, and properties) in managing the company. The business ends when a co-owner decides to dissolve the partnership. Partners pay taxes individually according to their share of profits and specify in the registration and licenses that the business is a partnership.

A Corporation is controlled by many individuals. A board of directors is appointed, who will make policy and decisions. Articles of incorporation must be filed detailing the corporation. Then, bylaws must be drafted to lay out the internal rules and operation guidelines of the corporation. Furthermore, shares of stock must be issued to distribute ownership interests in the company. But before a corporation can issue stocks, it has to be registered with the Securities and Exchange Commission. Finally, the corporation must obtain the needed licenses and permits like tax registration certificate and employer identification number.

Reference

1. FindLaw for Small Business. (2007). Types of Ownership Structures. Incorporation & Legal Structures. Retrieved February 26, 2007, from http://smallbusiness.findlaw.com/business-structures/

Task A Why is it important for children and young people that you work in partnership with the following people/groups? Parent’s, careers, guardians This partnership is very Important because parent’s or careers need to trust the nursery and staff that work there. They will expect the best quality of care for their child. Partnering well with the parent or career of the child will increase good communication Including sharing Important information regarding the child needs, wants and development .

Building trust with parent’s or careers will result in them knowing that the nursery Is a very good place for their child as It offers a great amount of help and support, which is especially important for new parent’s or careers. Other professionals It is also important to partner with other professionals as they will offer the support and services, where needed, to improve the overall development of the child. For example, a speech and language therapist may assist a child with communication difficulties. Another example would be a play therapist to diagnose, prevent or resolve a child with psychosocial challenges.

Multi disciplinary teams It Is very important that everyone in a multi disciplinary team work in partnership. For the best results, all information must be available. This enables different disciplines to share their skills resulting in more effective support and outcomes for the child. Colleagues Working closely with colleagues and sharing information, such as observations, can add to a greater understanding of the child and their development. Working as a partnership helps to provide a good level of care. It also helps develop the skills across the staff team, as well as providing more effective learning & play environment.

Identify from within your chosen work setting three relevant partners for communication and information sharing. Social Services OFFSET Speech and Language Therapist What three characteristics define an effective working partnership? Supportive – tofu contact and understand. Trustworthy – Will not break confidentiality and is reliable. List three examples of potential barriers to effective partnership working. Breach of confidentiality The practitioner may mistakenly share the information with other people who are not related to the case which may cause inconvenience and distrust to the people involved.

Inaccurate policies and procedures The policies may not be clear enough for the practitioner to understand and follow and may be wrong written or not up to date which may cause the practitioner to make a mistake. Lack of effective leadership The manager does not support staff and does not provide regular staff training. Task B Give two reasons why clear and effective information between partners is important. If unclear information given between partners, important details could be misheard causing the partners to make mistakes in their practice leading to disruption, health and safety risks etc.

It is also important to pass clear and effective information between partners as it boosts the professionalism in the practice. Identify one policy and one procedure from children or young person’s work setting for sharing information. The staff will never discuss a child with another parent or career. All members of staff are bound by confidentiality, however, it must be understood that if at any time the interest of a child is considered to be “at risk” then the nursery must break this confidentiality and take appropriate action. In the event information with staff on a “need to know’ basis.

In comparing small businesses with corporations, the aspects of both types of businesses must be taken into direct consideration. By definition, a small business may be regarded as a business with a small number of employees. The legal definition of “small” often varies by country and Industry, but Is generally under 100 employees. These businesses are normally privately owned corporations, partnerships, or sole proprietorships. Corporations can be defined as an organization of people legally bound together by a charter to conduct some type of business.

There similarities between small business organizations and larger corporations can be compared In four different ways. Both are separate, legal entitles that are created by some kind of state filing, both offer the same limited allowably protection and the owners are typically not personally responsible for the debts and liabilities of the business, both entities have very few ownership restrictions because the owners are not required to be united States residents and the number of owners is without limitation.

The owners are not required to be individuals but can be other corporations, partnerships, and certain trusts. Finally, a fourth comparison between the two would be that the ownership can be divided into several classes. Limited liability, offered by both, is liability that is limited to a partner or investor’s investment. Shareholders in a corporation cannot lose more money than the value of their shares if the corporation runs into debt, as they are not personally responsible for the corporation’s obligations.

The same is true for partners in a limited liability partnership and the limited partners in a limited partnership. This is in contrast to sole proprietorships and general partnerships, in which the owner or partners are each liable for business debts. Building trust with new customers can be a difficult task for a new and establishing business. Some organizations offer small business certification, which certifies the quality of the services and goods you produce and can encourage new and larger customers.

These services may require a few hours of work, but a certification may reassure potential customers. However, the most effective way to earn trust Is through customer referrals. Here are advantages and disadvantages to both a small business and a corporation, but In the end It all comes down to which business Is better fit to survive and succeed In the real world. Compare and contrast small businesses with large corporations and the aspects of both By Maria nee benefiting of “small” often varies by country and industry, but is generally under 100 be compared in four different ways.

Both are separate, legal entities that are created by some kind of state filing, both offer the same limited liability protection and the not required to be United States residents and the number of owners is without reassure potential customers. However, the most effective way to earn trust is business and a corporation, but in the end it all comes down to which business is better fit to survive and succeed in the real world.