Details

26 mins, 2002 [wpdm_package id=’4982′]

Organisations are everywhere. Millions of people get their living from them. But why are there so many different kinds? Dave Nellist takes us on a light-hearted tour of the basic types of organisations and explains how they work.

TYPES OF BUSINESS: Within the private sector, Dave explains the principles behind different types of business including sole proprietorships, partnerships, private and public limited companies, as well as franchises and co-operatives. Examples range from the giant Arcadia retail chain to the tiny Brixton Cycles.

PROS & CONS: Case study examples illustrate the advantages and disadvantages of each type of organisation. Sole traders are easy to set up – but they’re also the most likely to go bust. In a private limited company, the owners are protected from their firm’s debts. In a public limited company shares are bought and sold on the stock exchange – so it’s got access to much greater sums of capital than other businesses.

PUBLIC SECTOR: The film also covers the public sector, in the shape of central and municipal government. Over 20% of the working population are employed here. As well as public and private sectors, there’s the voluntary sector, too – for example, charities which depend on donations and people who work unpaid.

Key Topics

• Types Of Business
• Limited Liability
• Public Sector