JUNE BUSINESS P2

NPO

Non-profit organizations that do not make a profit but can generate money for their operations.

Personal Liability Companies

Private companies used by professional associations with characteristics like limited liability for shareholders and the requirement of at least one director.

Sole Trader

A business owned and managed by one person with no separation between the owner and the business.

Public Company vs

Differences like the ending of the company name, transferability of shares, and the number of directors required.

Outsourcing

Hiring external parties to perform services traditionally done in-house, aiming to cut costs and focus on core business activities.

Franchising

Involves using a recognized brand name and trademark with advantages like reduced financial risk and disadvantages like high start-up costs.

Contractual Implications

Terms related to franchising, outsourcing, and leasing including responsibilities, rights, and confidentiality clauses.

Leasing

A contract where one party rents goods from another, allowing the lessee to use the asset in exchange for regular payments.

Creative Thinking

Techniques like the Delphi Technique and Force Field Analysis to solve complex problems and generate new ideas.

Stress and Crisis Management

External causes of stress/change in the workplace, ways to manage stress, and strategies to deal with crises and affirmative action.