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THE STRUCTURE OF A COMPANY




Organization structure in business is very important. People in a company, its employees hold different positions. The relationship between those employees with different positions makes organization structure. At present, most firms are divided into their major parts:

- capital (shareholders);

- management;

- labour.

Let us take a typical company. A director is a senior manager. He sets up the Board of Directors under the authority of the President. The Board decides what company policy and expendi­ture must be. The chief executive officer (CEO) is the link between the Board and the senior management. As for middle managers, they run departments of a firm. They account to the senior management for their area of the work done.

There is a difference between executive directors and non-execu­tive ones. The directors who run their firm on day-to-day basis are called executive directors. Those who sit on the Board and do not run the firm directly are called non-executive directors. In modern American English, they use also the term inside directors for executive and outside directors for non-executive ones.

Partnership

A partnership is an arrangement where entities and/or individuals agree to cooperate to advance their interests. A partnership is formed between one or more businesses in which partners (owners) co-labor to achieve and share profits or losses.

Partnerships are also frequent regardless of and among sectors. Non-profit organizations, for example, may partner together to increase the likelihood of each achieve their mission. Governments may partner with other governments to achieve their mutual goals, as the religious and political organizations may do. Partnerships also occur at personal levels, such as when two or more individuals agree to domicile together. Partnerships between governments, interest-based organizations, schools, businesses, and individuals, or some combination thereof, have always been and remain commonplace.

Cooperation

Cooperation, co-operation or coöperation is the process of working or acting together, which can be accomplished by both intentional and non-intentional agents. In its simplest form it involves things working in harmony, side by side, while in its more complicated forms, it can involve something as complex as the inner workings of a human being or even the social patterns of a nation. It is the alternative to working separately in competition. Cooperation can also be accomplished by computers, which can handle shared resources simultaneously, while sharing processor timeю






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