The characteristic features of co-operative form of organisation are as follows: 1. Voluntary Association 2. Democratic Set-Up 3. Service Motive 4. No Exploitation 5. Concept of Equality 6. Each for Every One 7. Spirit of Self-Help 8. Wider-Interests of Community Looked after 9. No Place for Middlemen 10. Disposal of Surplus. Feature # 1. Voluntary Association: It is a voluntary [...]
This article throws light upon the top six characteristics that makes an remarkable an entrepreneur. The characteristics are: 1. Tasks of an Entrepreneur 2. Planning 3. Business Plan 4. Organising 5. Controlling 6. Managing People in the Small Business. Characteristic # 1. Tasks of an Entrepreneur: Creating and building a successful enterprise requires, above all, effectively managing work, the organisation, [...]
This article throws light upon the three main motives behind selling companies. The motives are: 1. Locating the Right Buyer 2. Secure Acceptable Terms of the Deal 3. Obtaining Satisfactory Autonomy. Motive # 1. Locating the Right Buyer: For entrepreneurs concerned about the company's future, this task involves locating the correct buyer — one whose objectives regarding the acquired firm [...]