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Essay / Research Paper Abstract
This 20 page paper is written in 4 sections answering different questions regarding business. The first part of the paper looks at the differences and similarities between private and public organizations. The second part of the paper looks at the differences between a command economy, also known as a planned economy, and a free market economy. The third part of the paper discusses different market structures; monopoly. Oligopoly, monopolistic competition and pure competition, outline what they are and their distinct characteristics. The last paper of the paper considers the role of the European Union and the impact it has on the UK. Two directives are discussed to identify their impact on UK businesses and the reasons why the UK and Denmark have not joined the single European currency are considered. The bibliography cites 7 sources.
Page Count:
20 pages (~225 words per page)
File: TS14_TEpubprivate.rtf
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Unformatted sample text from the term paper:
1. Public and Private Organizations There are some inherent differences between public and private organizations, inherent with both the ownership status as well as the objectives of the
organization, however there are also some similarities. By looking at each type of organization these differences and similarities can be appreciated. 1.1 Private Organization The private organizations is one that
is usually commercial in nature, it will often been a firm that has been created with the desire to realize a profit. The private firm, even if it is publicly
listed, will have specific owners, which may be private individuals, or may be instructional owners, such as pension funds or other investment funds. The private organization is answerable to the
owners of the firm only, with the exception of the usual requirements for regulatory and legislative compliance. The owners of the firm ma be activity involved with day
to day running, or in the case of companies that are listed in the stock exchange, there is more likely to be the purchase of shares and the appointment of
a board of directors who run the firm for the shareholders. With the exception of the legal requirements, the management of the firm are answerable only the shareholders. Individually shareholders
may have little power, although large shareholder may exert some more direct power. The shareholders will be able to attend an annual general meeting were they have the ability to
vote ate meetings and the board have to be elected. The usual process sees the same board members contracts renewed and board recommendations are often followed, however unhappy shareholders can
also vote out board members that they do not want, it is unusual, but this has been seen. A good example was Eisner who was the CEO of the Walt
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