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Assignment sample solution of BSBLDR812 - Develop And Cultivate Collaborative Partnerships And Relationships

With reference to today's training session, please answer the following questions; 

Q.1 What are different business structures that can affect partnerships and working relationships?

Q.2 What are different stakeholders which can affect partnership & its outcomes?

  1. 1
  2. 2

Operations Assignment Sample

Q1:

Answer :

1. Different Business structures that can affect partnerships and working relationships are as follows:

  • Partnership

Partnership is a business structure where there are two or more partners for their management. The responsibility of the business owners is divided and their incomes and losses are all equally divided. There are many types of partnerships like general partnership where working relation have partners are equally responsible and have unlimited liability for its debts. Limited partnership is where working relation has the partners have limited liability for their investments and they don’t manage directly their business. Incorporated limited partnership where working relation have only one partner have unlimited liability and they have one limited liability.

  • Corporation 

In such business structure the business works as a separate legal identity. The ownership is divided into shares for all shareholders. Every decision must be taken with majority of the decision and a strategic alliance can be completed. Working relationship can be easily made here for long tern where decision making is slow but well defined roles and collaborations are signed.

  • Limited Liability Company

In such business structure the company have flexible partners who have limited liability for business debts. They make strategic partners with less risk for individual owner. Working relationships focuses on providing personal liability and provide protection for better business collaborations.

 

2. Different stakeholders which can affect partnership and its outcomes are a follows:

Internal stakeholder

  • Employees who directly get affected by the partnership and they support the organisation for success.
  • Managers who are major decision making body which ensure a smooth working and align the working as per the business organisation.
  • Owner are also internal member of the organisation which focuses on making strategies for best working effectiveness and better opportunities for expansion.

External stakeholder

  • Customers are external suppliers which influence the response for the business. It involves direct influence for the organisational objectives and goals.
  • Suppliers are important as they are only able to meet the supply and demand of the organisation. Their ability to meet the demand and trend to affect the effectiveness.
  • Contractors are involved in partnership for logistics and services. Their services directly affect the customer satisfaction rate.

Financial Stakeholder

  • Investors are financial stakeholder which funds the organisation. They trust the organisation and make sure the organisation gets long-term sustainability.
  • Financial Institutes like banks provides organisation support to get proper resources and financial help for the operations.