Business Management

Many organizations exist in the real world. They may operate in the private sector or the public sector. They may be sole proprietorships and partnerships for which the owner has unlimited liability. Alternatively, they are limited companies where

What’s it: Public-private partnerships (PPPs) offer a strategic approach to infrastructure development and service delivery. They establish a unique business organization that combines public sector oversight with private sector expertise and

What's it? A non-governmental organization (NGO) is a legally formed organization that is not owned or associated with the government and is not legally formed without the participation or representation of any government.NGOs are usually

You may find some examples of social enterprises around you. These unique businesses stand apart from traditional profit-driven companies and non-profit organizations. Unlike companies solely focused on maximizing shareholder wealth, social

What's it: Unlimited liability means the owner is fully legally responsible for the business's debts. Thus, creditors can ask the owner's personal assets to pay off debts if the business experiences cash flow problems and cannot fulfill its

What's it: Limited liability means the owner is not obligated to pay off the business debts. Together with unlimited liability, it is about how much responsibility the owners have for the company.Unlike unlimited liability, a limited

What's it: A private limited company is a company whose shares are not listed on a stock exchange, have limited liability, and have a separate legal identity from the owners. Because they are not listed on a stock exchange, their shares are not

What's it? A public limited company (PLC) is a business organization in which the legal entity is separate from the owners, has limited liability, and is listed on the stock exchange. Generally, they are big companies. They are also known as a listed

What's it: A partnership is a business organization in which two or more parties work together and combine resources to advance their common interests. Each party, referred to as a business partner, agrees to share the risks, responsibilities,