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Differentiate between the three major organizational forms

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Differentiate between the three major organizational forms. Examine the advantages and disadvantages of each form and discuss some of the critical factors that might lead you to choose one form over the other.

How well does risk management contribute to project success? Outline the six sub processes and identify how they contribute to project success.

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The expert differentiates between the three major organizational forms. The advantages and disadvantages of each form are discussed with critical factors. The response addresses the query posted in 647 words with APA References.

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The response addresses the query posted in 647 words with APA References

//In the contemporary business world, sole proprietorship, partnerships, and corporations are the common forms of business organizations. Although, these three forms are the major forms of organizations, several other forms of organizations are available, which are the hybrid of these three forms. In the following text, the three forms of organizations have been discussed, along with their advantages and disadvantages. In addition, the contribution of risk management in the success of a project have been discussed below.//

The three major forms of business organizations are sole proprietorship, partnerships and corporations (Dornseifer, 2005). These three forms of organizations are different from each other and have their own advantages and disadvantages.
A sole proprietorship form of business organization is the one in which the company is owned by a single individual (Dornseifer, 2005). This form of business organization is the simplest of all. The advantages of the sole proprietorship organizations are that these types of organizations are formed easily, ...

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Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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