Benefits or Disadvantages of The Partnership Business Discussion
Answer both questions with a min work count of 175 words each.
Partnerships are quite similar to sole proprietorships with the obvious difference being that the partners are, in effect, proprietors themselves. This nullifies one of the key benefits of the sole proprietorship which is that the sole proprietorship can make decisions and guide the business as he/she sees fit. Clearly, with multiple proprietors, this is not possible, but the offsetting benefit is the consideration of different points of view which could lead to superior decision quality.
Another advantage of the partnership is that there are now multiple sources of capital available as the partners make their contributions to the business relieving the sole proprietor of bearing this burden alone.
Partnerships are common in various types of businesses. Professionals, such as doctors, dentists, lawyers, certified public accountants, and the like, often organize their businesses as partnerships.
Can you see any additional benefits or disadvantages with the partnership business structure that are not mentioned here?
Communication of the Vision of Change Discussions
Assume you are an HR Business Partner and leader in a full-size HR department for your organization. Based on what you’ve learned and now know about business employment law, what 3-4 concepts, tools, methods, or practices would you recommend as important best practice approaches that would help organizations implement better policies to safeguard against employment law violations? Be sure to explain why you selected your choices.
“Carrying Change Management with Me” Please respond to the following:
After viewing the video below, reflect on the concepts and theories you have researched and learned about over the course of the past several weeks. From the list provided below, choose one (1) theory or concept that was new to you, and discuss how you plan to utilize this new skill going forward. Justify why it is an important skill to have. Note: Students have the option of recording a two to three (2-3) minute response using a webcam and uploading it to the discussion board using the “Insert Embedded Media” feature in Blackboard.
Creating a Sense Of Urgency
Communication the Vision of Change
Creating a Guiding Coalition
Assessing Change Readiness
Understanding the Impact of Organizational Culture on Change
Creating Short-term Wins
Empowering People to Act