Lesson 4 Organization in Information Technology
- 1. IT SP01 LESSON 4: ORGANIZATION Gloria M. Alcantara
- 2. 1 Commercial Organization 2 Limited Companies 4 Setting up a company 3 The Constitution of a limited Company director Contents 5 Non-commercial bodies
- 3. WHAT IS ORGANIZATION? An organization is a group of people who work together, like a neighborhood association, a charity, a union, or a corporation. You can use the word organization to refer to group or business, or to the act of forming or establishing something.
- 4. A commercial organization is a company (legal entity), the main purpose of which is to generate income from the sale of goods, the provision of services or the performance of work Commercial organization means an organization, institution, corporation, or other legal entity, including, but not limited to, partnerships, sole proprietorships, and limited liability companies, that is organized or operated for the profit or benefit of its shareholders or other owners. 1. COMMERCIAL ORGANIZATION Example types of organizational structures include: • Functional- is a team structure that groups employees into different departments based on areas of expertise. • Divisional- infers an organization that is grouped into semi-autonomous units. • Flatarchy- a flat way of arranging a company, with few or no levels between employees. • Matrix Structures- a company structure where teams report to multiple leaders.
- 5. A limited company (LC) is a general form of incorporation that limits the amount of liability undertaken by the company's shareholders. It refers to a legal structure that ensures that the liability of company members or subscribers is limited to their stake in the company by way of investments or commitments. 2. What is limited companies?
- 6. Google Apple Microsoft Coca-Cola Here are 4 examples of companies that are a limited company.
- 7. The constitution is the complete set of rules around a company's governance. It can be made up of more than one document. The articles of association and the memorandum of association are two documents which can make up a constitution. 3. What is the constitution of a limited company directors?
- 8. A company constitution has the following components: •Name and type of company •Decision-making and board member selection structure •Nature and extent of liabilities of company members •Details of company shareholders •Business objectives and activities of the company •Rules and regulations pertaining to share issuance, board resolutions and director duties Company constitution
- 9. Setting up a company is all about the preparation, research, and planning; it's like laying the foundation for your business. It means coming up with an idea that you want to turn into a business, researching the market, writing a business plan, and determining how you're going to fund your venture. When setting up an organization, some key things to consider include:
- 10. Legal structure - Decide on the appropriate legal entity, such as a sole proprietorship, partnership, corporation, or non-profit. This will impact taxes, liability, and regulations. Financing - Determine the necessary startup capital and identify funding sources, whether personal funds, loans, investments, or grants. Create a detailed business plan and financial projections. Operations - Define the organizational structure, roles and responsibilities, workflows, and policies and procedures. Identify the necessary facilities, equipment, and technology. Human resources - Hire the right team with the required skills and experience. Establish compensation, benefits, training, and performance management processes. Regulatory compliance - Ensure the organization adheres to all relevant federal, state, and local laws and regulations, such as licenses, permits, and tax requirements. Brand and marketing - Develop a strong brand identity, marketing strategy, and channels to effectively reach and engage the target audience. Growth and scalability - Plan for the organization's future growth and expansion, including strategies for increasing revenue, enhancing operational efficiency, and managing change. When setting up an organization, some key things to consider include:
- 11. 8 business plan examples •Executive summary. •Company details. •Market analysis. •Organizational structure. •Goods and services. •Marketing. •Logistics and operations. •Financial information.
- 12. A 'non-commercial body' is a body: organized solely for purposes other than profit and operates not for profit. whose income is used by the body to assist it in achieving its purposes. Non-commercial bodies
- 13. Used to describe something that does not make a profit: Government-owned banks must have non-commercial objectives, such as lending to small farmers. 5. What is a non-commercial company?
- 14. • Commercial refers to activities of commerce business operations to earn profits. • Non-commercial activity can be conducted by non-profit organizations or government agencies. In financial markets, the term is used to describe a trading activity that is hedged using derivatives contracts. What is the difference between commercial and non commercial?
- 15. THANK YOU
- 19. NAME Insert some details here NAME Insert some details here TEAM MEMBERS NAME Insert some details here