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DAVID DELCORDES IN.docx

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Department
Administration
Course
ADM1101
Professor
All Professors
Semester
Spring

Description
DAVIDDELCORDESINCLASSNOTES InClassLecture1GovernmentGpurecoercionredistributionandcoercion CivilSocietySpurereciprocitycooperationreciprocityandsolidarity BusinessBpureexchangesupplyanddemandforces InClassLecture2 TheCanadianBusinessSegmentSixdistincttimeperiodsdefineNorthAmericanbusinesshistoryoColonialbefore1776 AgriculturalproductionoIndustrialRevolution17601850 Theadventofthefactorysystemandmassproductiono IndustrialEntrepreneursLate1800s RisktakersandinventorsadvancesintechnologyoProductionLate1800s1920s AssemblylinesproducinggreaterquantityfasteroMarketingSince1950s ConsumerorientationoRelationshipFrom1990sStrategicalliancesbetweencustomerssuppliers TheeconomicsysteminCanadaisaprivateenterprisesystemRewardsfirmsforeffectivelyandefficientlymeetingthewantsandneedsofcustomersBasicrightsofaprivateenterprisesystemo PrivatepropertyoFreedomofchoiceoProfitsoCompetition SoleProprietorship ThesimplestformofbusinessorganizationavailabletoanyindividualwhoislegallyabletoenterintoabindingcontractSPsfallunderprovincialandmunicipaljurisdiction Filinganamedeclarationisnotrequiredprovidedthe proprietorshipoperatesunderapersonsname Ownedandoperatedbyoneperson ADVANTAGES DISADVANTAGESEasyandcheaptostart UnlimitedliabilitySecrecyLimitedfinancialresourcesFlexibilityandcontrolLimitedskillspoolPrideofownershipOverwhelmingtimecommitmentDistributionanduseofprofitFewfringebenefitsNospecialtaxes LimitedgrowthNogovernmentregulationLimitedlifespan PartnershipGeneralandLimited Anarrangementwherebytwoormorepersonscombinesome oralloftheirresourcesinabusinessundertakingwithaview tosharingprofitsamongpartners Provinciallawsrequirethatapartnershipmustlegallyregister itsnameandgiveinformationaboutthepartners GeneralPartnershipPartnersarenotonlyliableinequalshareforthedebtsofthepartnershipjointlyliablebutinadditioneachpartnerisliableforthefullamountjointlyandseverallyliable Eachmembercanbindthepartnershipwithoutconsentoftheotherpartners LimitedPartnershipComposedofoneormoregeneralpartnerswhoconductthebusinessandoneormorepersonswhocontributeanamountinactualcashspecialorlimitedpartnersThespecialpartnersliabilityisnormallylimitedonlytotheamountofthecashshecontributedtothepartnershipo Silentpartners Knowntothepublicnoactivemanagementroleo SecretpartnersUnknowntothepublicbuttakeanactiveroleinmanagemento NominalpartnersLendtheirnameforpublicrelationsbutareactuallynotinvolvedo DormantpartnersNeitherknowntothepublicnoractiveinmanagementADVANTAGES DISADVANTAGESEaseoforganization Unlimitedliability Morefinancialresources Partnersareresponsiblecapitalandcredit forthebusinessactivitiesSharedmanagementofallothersDivisionofprofitsCombinedknowledgeand DisagreementsamongskillsFasterdecisionmakingpartners LifeofapartnershipFewregulatorycontrolsCorporationrecognizedasaseparatelegalentityunder thelawoUnderFederalLaws AcorporationincorporatedunderthelawsofCanadaafederallyincorporatedbusinesscancarry onbusinessinallpartsofCanadaFederallyincorporatedbusinessesinclude150ofthe 200largestcorporationsinCanada
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