ORGANIZATION AND

MANAGEMENT

WEEK 5
WRITTEN TASK 4
FRANCO L. PAGDONSOLAN | 11-ABM AMBITIOUS
 PROCESS QUESTIONS
Chua
Let us assume now that Mr. Chua's grocery business has grown by leaps
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and bounds. He's planning to open up a branch in a more strategic place
near busy Cubao. This will be handled by his son whom he has already
trained in running his grocery business.

Mr. Chua has reached the crossroad of his business. Like any entrepreneur
who started small but suddenly saw the growth of his business, he began
to wonder how he should get organized to face the challenges of the
future. Shall he remain as a single proprietor-owner or dilute his
ownership by asking some of his trusted relatives and friends to be part
owners and contribute more money for his expansion plans?

To put up a branch, Mr. Chua needs more capital to buy a commercial lot
and to construct a building for his second grocery. He has to improve his
credit standing by buying grocery goods payable in 60 days or more. To
get a loan from a bank, his present assets are not enough to serve as
guaranty. So, he needs associates in his expanding business. What's the
best approach in organizing and what are the advantages? He consulted a
lawyer-friend and he was given three options.

Chua
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 The Choice |PARTNERSHIP
Why though?
I'll use the Partnership because it involves the
collaboration and coordination of its various work units
and work divisions, and it can assist me (Mr. Chua) in
decision-making and developing a legal partnership
agreement to achieve the business's goal.
The benefits of organizing revolve around keeping things
in proper order. Organization is essential for any
business in order to achieve its objectives. Perhaps the
most significant advantage of organizational skills is
efficiency. You will spend less time looking for things and
more time working on important tasks.
THANK YOU
FOR
READING!