1.2 Types of Organization

Organization Main Menu

Back - 1.1

Next - 1.3

Keep a Personal Checklist:

Distinguish between the private sector and the public sector.
Compare and contrast the benefits of a partnership with those of a sole trader.
Distinguish between non-profit organizations and non governmental organizations.
Why is the concept of limited liability important for investors?
What is the difference between a private limited company and a public limited company?
What are social enterprises?
Distinguish between cooperatives, microfinance providers and public-private partnerships.
Outline the benefits of social enterprises from society's point of view.

BE A CRITICAL THINKER: [AO3]

Recommend, evaluate and justify suitable forms of business organization in particular circumstances

Private & Public Sectors

1.2 Private vs Public Sector

Profit-based organizations

Important to Watch

Unincorporated and incorporated businesses

Important to Watch

Limited and unlimited Liability

Types of For-Profit Organizations

Watch this summary video to understand the common types of business ownership an entrepreneur has to choose from.

Public vs Private Companies

This video outlines the difference between a public company and a private company, pros and cons either, and how the stock market works.

Going Public

CNBC's Uptin Saiidi explains what it means when a company sets an initial public offering and why go public.

Ben & Jerry's Now and Then

From a small partnership to a multi-million dollar company

Ben Cohen & Jerry Greenfield, high school friends, partnered up in 1978 during their late 20's, and opened their first ice-cream shop in a converted gas station in Vermont, using $12,000 of personal savings and an additional bank loan of $6,000.

The rest is what we know as the famous ice-cream brand of Ben & Jerry's.

To learn more about their growth and evolution, visit unit 1.6

Ben & Jerry's first location in Vermont

One of the biggest drawbacks of partnership is conflict that arises between the partner. This articles features how Ben & Jerry "Remained Best Buds After 37 Years Running Their Ice Cream Business".

1.2 Corporations