Unit 1 Business Organisation & Environment. Types of organisation. Learning Objectives. Distinguish between organisations in the private sector and public sector, applying these distinctions to your own country
Types of organisation
Privatisation– selling public sector organisation’s to the private sector
To what extent is the state ensuring the well being of the people over profit?
I´m having a TOK moment
Freedom of choice
On tables discuss, to what extent are the Government of Mexico ensuring the wellbeing of the people over profit?
Compare with a different country
Mixed – economic resources are owned by private and public sectors
Free-market – economic resources are mostly owned by the private sector with little state / government interference
Command – state owns, controls, and plans the economic resources
What are the benefits and issues arising from Pemex being privatised?
The role of the entrepreneur – Somebody who takes financial risk to start/manage a:
Many reasons, but they can be remembered by G.E.T. C.A.S.H.
1st few months are the most dangerous!
Private Limited Company: companies that can’t raise share capital from the general public
Try to change: