MANAGEMENT

PLAN
 Form of ownership
 Organizational Structure
 Job Description and
Functions
FORMS OF OWNERSHIP

PARTNERSHIP
SOLE
CORPORATION
PROPRIETORSHIP
 owned by an individual
who has full authority
SOLE
PROPRIETORSHIP
and owns all the assets
and all liabilities or
losses.
owned by an individual who has full control/authority of its own and owns all the assets, as well
as personally answers all liabilities or losses.
ADVANTAGE
 Most simple and the easiest to
register
 Decision making left entirely to
owner
 SOLE
PROPRIETORSHIP

owned by an individual who has full control/authority of its own and owns all the assets, as well
as personally answers all liabilities or losses.
DISADVANTAGE
 Demanding on owner’s personal time
 Unlimited Liability
 Growth limited by owner’s financial
means
 two or more persons
PARTNERSHIP who bind to contribute
money or industry to a
common fund, with the
intention
owned by an individual who has full control/authority of itsof dividing
own and the
owns all the assets, as well
as personally answers all liabilities or losses.

ADVANTAGE profits
DISADVANTAGE
 Unlimited
Check andLiability
balance is maintained
(General Partn
 Limited Life
 two or more persons who
bind to contribute money or
PARTNERSHIP industry to a common fund,
with the intention of
dividing the profits
owned by an individual who has full control/authority of its own and owns all the assets, as well
as personally answers all liabilities or losses.
ADVANTAGE
 Check and balance is maintained
 PARTNERSHIP

owned by an individual who has full control/authority of its own and owns all the assets, as well
as personally answers all liabilities or losses.
DISADVANTAGE
 Unlimited Liability (General
Partnership)
 Limited Life
 juridical entity established
under the Corporation
CORPORATION
Code registered with SEC
At least 5 natural persons
(up to a maximum of 15)
owned by an individual who has full control/authority of its own and owns all the assets, as well
as personally answers all liabilities or losses.

ADVANTAGE
 Maximum flexibility for growth
 Limited Liability
 Is least likely to dissolve
 CORPORATION

owned by an individual who has full control/authority of its own and owns all the assets, as well
as personally answers all liabilities or losses.
DISADVANTAGE
 Complicated setting-up process
 Individual stockholders have limited
influence on management
For your business plan
 Identify what form of
ownership you will
choose
 Justify your choice
 HIERARCHICAL
 Every employee in the organization
ADVANTAGE
usually is subordinate
 Authority and levels of to someone else
within the organization.
responsibility are obvious.
 multiple entities that descend into the

owned by an individual
base Developing employees
who has full control/authority of its own and owns all theas
assets, as well
as personally answersof staffor losses.
all liabilities level employees, who sit
at the bottom specialists. of the pyramid.
 Employees become loyal to
their departments and look out
for the best interest of their
area.
 HIERARCHICAL
 Every employee in the organization
usually is subordinate to someone else
DISADVANTAGE
within the
 Communication problemsorganization.
 multiple entities that descend into the
individual
owned by an Bureaucratic - slow
who has full control/authority of its own speed
and owns all theto
assets, as well
base
as personally answersof staffor losses.
all liabilities level employees, who sit
change, increased
at the bottom of the pyramid.
time to
respond to clients.
 Salaries for multiple layers of
management increase an
organization’s costs
 FLAT
 few or no levels of management
between management and staff level
ADVANTAGE
employees.
 Employee
 supervises responsibility
employees less while
owned by an individual who has full control/authority of its own and owns all the assets, as well
answers
promoting
as personally Improved their
all liabilities increased involvement
coordination
or losses. and
in thespread decision-makingof communication process.
 Cost efficient
 FLAT
 few or no levels of management
between management and staff level
DISADVANTAGE
employees.
supervises
Creates confusion employeesand less possible
while
power
promoting
as personally
struggles
their
answers all liabilities
among
owned by an individual who has full control/authority of its own and owns all the assets, as well
or losses.increased involvement

inmanagement.
the decision-making process.
 Generalist
For your business plan

 Identify what structure

you will be using and
justify
 Provide a figure for your
organization structure
Job Description
Business-First Firms

 Formal account of an employees

duties and responsibilities
 most important contributions and
outcomes needed from a position
 reporting relationship and coworkers
of a particular job.
 SAMPLE JOB DESCRIPTION
MARKETING MANAGER

Reports to the General Manager

 Develop product positioning and messaging that
differentiates your products in the market
 Develop Integrated Marketing Communication Strategies
owned by an individual who has full control/authority of its own and owns all the assets, as well
(Create
as personally answersand Execute
all liabilities Advertising, Sales Promotions, and
or losses.
PR tactics)
 Over-all in-charge for the execution of pricing strategies
 Manage distribution channels for products.
 Manage product development
 Conduct market research in order to identify market
requirements for current and future products.
 Communicate the value proposition of the products to the
sales team and develop the sales tools that support the
For your business plan

 Create job description

for all positions