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
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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: