INTRODUCTION

Organization is a group of people who gather together to perform a certain, predefined task.
Directly related to the growth of the business. This assignment studies the understanding types,
purposes, size and scope of a range of business organizations and the interrelationship of various
functions within an organization. Especially, specific example is “VIETNAM TECHNOLOGICAL
AND COMMERCIAL JOINT STOCK”.
1.Understand to organixation:
According to “businessjargons”, organization is a goal oriented process, which aims at
achieving them, through proper planning and coordination between activities. It relies on the principle
of division of work and set up authority-responisbility relationship among the members of the
organization.

Likewise, “VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK ((commonly

called TCB)” is a leading company specializing banking products and service in Vietnam. It has
achieved successes and reputation after years of efforts with a clear direction and great potential in the
marketplace.
 (Source:“TCB”)

2. Explain the different types, size and scope of organizations:

I. Explain different types and purposes of organizations.
There are generally types such as: sole trader, partnership, limited company, and voluntary sector.
Sole trader: is a type of business enterprise or proprietorship which is owner by one person who is
fully liable for the company's debts and fulfilment of contracts with his/her personal wealth unless
incoporated, such as a Pham’s coffe and it may have one or more employees but the owner of
enterprise remains personally liable for all the business’s debts.
Partnership: Partnerships are business enterprises owned by two or more parties. The relationship
between the parties is governed by a deed of partnership that defines the scope and structure of the
partnership. Each partner contributes money, labour, property, or skills to the partnership. In return,
each partner is entitled to a share of the profits or losses of the business. The business profits (or
losses) are usually divided among the partners based on the partnership agreement.
Limited company: is a business that is owned by shareholders and is run by directors (or
shareholders). It is divided into: private limited company and public limited company.
Private Limited Companies: Private limited companies are often small privately held business
entities whose liability is limited by shares. Because the business is small and privately held, the
business is limited to having a small number of shareholders (for e.g. 50 shareholders). Moreover, the
shares cannot be publicly traded which means that private limited companies cannot list their shares
on the stock exchange. Many SMEs operate under a private limited company status as it allows them
to seek protection from personal liability and reduce personal risk whilst allowing them to raise funds
through sale of shares.
Public Limited Companies:

Public limited companies (PLC) are limited liability companies that can sell and trade their shares
freely on the stock exchange. Unlike private limited companies, PLCs are subject to a minimum
capital requirement. The key advantage of setting up a PLC is the ability to raise finance through sale
of shares to the public. However, the cost of setting up a PLC is not always affordable to smaller
businesses which might struggle to raise finances elsewhere.

Profit organization: Partnerships are business enterprises owned by two or more parties. The
relationship between the parties is governed by a deed of partnership that defines the scope and
structure of the partnership. The deed of partnership will also specify the responsibilities of the
partners, how the profits are to be distributed, investment obligations of each partner and the sharing
of losses. Like sole proprietorships, partnerships also have unlimited liability which means that the
partners are personally liable for the debts of the business.
Non-profit organization:
…..............................
Through to “TCB”, it is a state company. According to the 2019 financial statement,

(Source:“TCB”)

In addition, TCB is also a profit company. On March 29, 2021 on the Ho Chi Minh City Stock

Exchange (HOSE),
(Source:“Cafef”)
 (Source:“TCB”)

Objectives of TCB: ….....................

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