Choosing the Right Legal Business Structure
Individual and Non-Corporate Business Structures
Sole Proprietorship (Individual Entrepreneur)
To operate as a sole proprietor, the owner must have full availability of personal assets. This structure implies total control of the company by the owner, who personally directs its management and responds to business debts incurred against third parties with all present and future personal wealth (unlimited liability).
- Taxation: The owner is taxed through Personal Income Tax (PIT).
Private Civil Partnership
These
Read MoreEntrepreneurship Development: Steps, Impact, and Support for MSMEs
The Entrepreneurship Development Programme (EDP) is a comprehensive training initiative designed to equip individuals with the necessary skills, knowledge, and mindset to become successful entrepreneurs. The EDP process typically involves several steps that help participants develop a solid foundation in entrepreneurship and prepare them to start and run their own businesses.
Entrepreneurship Development Program (EDP) Process
Here are the steps of the EDP process in detail:
Step 1: Identifying Entrepreneurial
Read MoreEnvironmental Management Systems and Impact Assessment Fundamentals
Environmental Management Objectives
- Reduce our footprint in different ecosystems to the minimum.
- Increase the possibilities of survival for all species.
Main Application Areas
- Preventive Area: Focused on Environmental Impact Assessments.
- Corrective Area: Utilizes Environmental Audits, aligned with EMAS and ISO 14001, as methodologies for analyzing and correcting existing problems.
Steps in Environmental Impact Assessment
- Analysis of the project and its actions.
- Analysis of alternatives.
- Identification of
Horizon S/A: Resolving Production & Distribution Challenges
Horizon S/A: A Case Study in Operational Planning
Marcelo Pereira’s Core Concern at Horizon S/A
What is the primary concern of Marcelo Pereira, Sales and Distribution Manager at Horizon S/A?
Non-compliance with requests for distribution services for regions under his responsibility.
Why Affiliates Didn’t Receive Requested Amounts
Marcelo Pereira, needing to understand why affiliates did not receive the requested amounts from the plant, receives the following information from the plant manager:
The main
Read MoreEssential Management Principles for Organizational Success
Effective Decision Making: Meaning, Types, Process, and Risk Reduction
Decision making is the process of selecting the best course of action from multiple alternatives to achieve desired objectives. It is a core managerial function that influences all other functions such as planning, organizing, and controlling.
Types of Decision Making
- Programmed Decisions: Routine and repetitive, based on established guidelines or procedures. Example: Reordering office supplies when stock is low.
- Non-Programmed Decisions:
Essential Management Foundations: Concepts & Practices
Fundamentals of Management
Defining Management and Its Core Functions
Management is the process of planning, organizing, leading, and controlling organizational activities to achieve desired goals efficiently and effectively.
Functions of Management:
- Planning – Setting goals and determining how to achieve them.
- Organizing – Arranging resources and tasks to achieve objectives.
- Leading – Motivating and directing employees to work effectively.
- Controlling – Monitoring progress and taking corrective