A Brief Note On Business Structure

Submitted By frogluvrjr
Words: 601
Pages: 3
Open Document
Business Structure
Name
BUS/210
October 6, 2013
Teodora Cupes
Business Structure
This business is an Accounting firm servicing clients of all sizes, from the average citizen in the community requiring tax assistance or other financial organization needs, to small businesses as well as large corporations. This company is a moderately-sized limited liability company which utilizes the market structure. This structure will group clients into divisions and assign employees to work those divisions. There will be three divisions: corporation accounts, small business accounts, and consumer accounts. This organizational structure seems to be the most efficient structure for this type of business. Rather than employees managing multiple types of accounts, processes run much smoother with one type of account to manage; therefore, one division will only maintain large corporation accounts, the second division will only maintain small business accounts, and the third division will only maintain consumer accounts for the average citizen needing assistance with their finances.
The business model selected for this company is managed by exception. All division members are expected to maintain their customer’s accounts with honesty and integrity, providing accurate and timely financial services. At the same time, employees are expected to provide excellent service to the client through working to meet unexpressed needs. The basic rule for this company is to treat each client as if they were our most important client, and treat their finances as though they were our own. Each division will have an assigned manager to oversee the processes of the division to ensure tasks are completed in a timely fashion. As long as deadlines are met to maintain client satisfaction, employees will have a great deal of autonomy. If however, expectations are not met then managers will step in to take corrective action. This model was selected because accountants are generally able to function reliably with very little supervision. Employees should feel trusted to complete their jobs without babysitting by upper management. Of course, too much freedom presents opportunity for theft so there needs to be a balance between manager involvements, to ensure no unscrupulous activities are occurring, and employee freedom. One solution for this is to have the managers perform random audits of the accounts.
Meeting unexpressed needs involves looking for ways
Show More

Related Documents: A Brief Note On Business Structure

LO2 Writing Frame Benfield Essay

Unit 1 - The Business Environment LO2 – Understand how businesses are organised to achieve their purposes What are the school aims and targets for this academic year? The schools aims this year are too increase the whole school attendance to above 92% at least. It also wants to improve all aspects of pupils learning like; quality of pupils reading and writing and also improving examination results. The school also wants the standard of teaching to improve which will consequently improve pupils…

Words 851 - Pages 4

SAP ERP Configuration Case

CASE STUDY SAP ERP Configuration Case Phase I – Financial Accounting This case desribes in detail the first phase of the SAP ERP configuration curriculum based on the Global Bike model company. It explains the basic enterprise structure and processes for Financial Accounting. Product MOTIVATION PREREQUISITES SAP ERP GBI Release 6.04 In the initial GBI configuration case you have identified and analyzed problems as well as developed and discussed possible solutions. Before…

Words 14973 - Pages 60

Custom Kitchen & Cabinet Manufacturer Assignment Essay

The business I am looking to purchase is Custom Kitchen & Cabinet Manufacturer. They have an asking price of $325,000 and have a Gross Revenue of $708,000. They have equipment worth $173,000, and the inventory value plus the furniture is included in the asking price. The business was established in 2005 and it has been growing ever since. The four factors I will be looking at when deciding to purchase this company are ease of start-up, existing customer base, financial opportunities and company…

Words 477 - Pages 2

What Is Your One Stop For A Simple Treat

simple treat” Business Plan By Celeste Fraser Business Plan By Celeste Fraser Contents Page Contents Page Contents | Page Number | Front Page | 0 | Table of Contents | 1 | Business description and concept | 2 | Form of ownership and structure | 3 | Location | 4 | Human Resources | 5 | Financial Plans | 6 | Basic Marketing | 7 | Legal and Ethical Considerations | 8 | Appendices | 9 | Business description and concept Business description and concept…

Words 760 - Pages 4

Essay on Business: Organizational Structure and Job Roles

BTEC Business Unit 4: People in Organisation’s Learner Name: Centre Number: 54355 BTEC Business Learner No: UNIT NUMBER AND TITLE: Unit 4: People in Organisation’s ISSUE DATE: HAND IN DATE: RESUBMISSION DATE: ASSESSOR: Aims The aim of this unit is to enable you to understand the part played by people in business organisations. You will do this through a study of job roles and their functions. You will consider the different structures…

Words 7528 - Pages 31

Amber: Risk Management Process Essay

Risk Management Procedure 1 Template 1 Table of Contents 2 Introduction 3 Definitions 3 Objectives of Risk Management 4 Benefits of Risk Management 4 Roles and responsibilities 5 Risk Management Governance Structure 5 Relationship with other processes 7 Key Process Steps 8 One: Communicate and Consult 9 Two: Establish the Context 10 Three: Identify Risks 11 Four: Analyse Risks 12 Five: Evaluate Risks 13 Six: Treat Risks 14…

Words 4198 - Pages 17

MIS 204 notes Essay

Description of Group Project for Spring 2014 MIS 204 ORGANIZATION OF GROUPS: The project will be done in groups of 4-5 people. You may organize into a group during the week of January 27, 2014. By February 3, your group will provide a description of the subject that you have selected. The group project for this course will be to create and present (and submit) a design for a start-up business at the end of the semester. The one page description of the project will include names of group members…

Words 480 - Pages 2

Element of Business Plan Essay

Elements of a Business Plan Section 1: Executive Summary Section 2: Business Description A. General description of the business B. Industry background C. Goals and potential of the business and milestones (if any) D. Uniqueness of product or service Section 3: Marketing A. Research and analysis 1. Target market (customers) identified 2. Market size and trends 3. Competition 4. Estimated market share B. Marketing Plan 5. Market strategy…

Words 607 - Pages 3

Essay about Devry Busn 369 Entire Course and All Discussions- 2015 Spring

• Explain why a country would not want to adopt IFRS? Course Project: International Business Research Project Objectives | Guidelines | Suggestions for Preparing Your Report | Section Outline | Section 1: Select and Profile a Foreign Business (100 points) | Section 2: Competition, Social, and Economic Factors (100 points) | Section 3: Marketing, Operations, and Human Resources (100 points) | Section 4: Global Finances…

Words 2168 - Pages 9

Corporate Governance and Hotel Chain Essay

Ramakuru, Sai Karthik Document name: Organizational description Document version: v1.0 Version history: Version Date Author(s) Comments v1.0 02-16-2014 Das, Mriganav; Kollara, Nirmal; Ramakuru, Sai Karthik Organizational description document as part of assignment 1 Organizational description: DRK hotels started its operations in the year 1989 with its first hotel in San Antonio. Since then the hotel chain has spread across all business districts in Texas and as well as the neighboring state…

Words 461 - Pages 2