• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Why might the ownership need to change to respond to changing activities? And why might aims & objectives need to change also?

Free essay example:

Josh Moore

10vY                            3/11/2006

Why might the ownership need to change to respond to changing activities?  And why might aims & objectives need to change also?

  The ownership of Alnwick Castle Ventures is what’s known as a private limited company and also a limited liability company. Private limited company means that the shareholders can only be members of the founder’s family or close family friends. This type of ownership suits the owner of ACV who is The Duke of Northumberland he likes this type of ownership because it means that the business will stay in his family. Limited liability means that the company has borrowed money to start the business or to build a new attraction, in the case of AVC the dragon’s quest and the knight’s school but if the business was to go bankrupt the bank who loaned AVC the money cannot take the Duke’s personal possessions.

  Although this type of ownership suits the Duke, there are certain circumstances in which the type ownership of the business might have to change. The company might have to do what is known as floating the business which is where the business goes from being a private limited company to a public limited company which means anyone in the public can buy shares in the company which would mean the Duke would lose his control over the business. This situation might occur if the business went into serious financial difficulty or if the owner wants to share out the responsibility of the business. If the business goes public it means the owner will lose his control over the business although this would lose him control of the business it would mean that the partners in the business would be partly responsible. So if the business wanted to expand to an international company then the owner of a business might decide that he couldn’t deal with such a big step financially and mentally so he might need the help so he may float his business and begin to plan the expansion. This is and example of why changes in activities for a business and also prompt a change in ownership.

  Aims and objectives of businesses may also have to change in ways such as re-defining the aims or if an objective is met early making a new one in the extra time provided. Also aims and objectives might change for worse circumstances like if there isn’t enough money to meet either an aim or and objective then the objectives may change to become more achievable. Some businesses aim to expand their stores into other parts of Europe by the end of 2010 but if they achieve this by 2009 they could aim to build more or larger stores in Britain and Europe. So sometimes changes in the way things are going for a business depending on its success and failure it may have to re-evaluate its aims and objectives.

This student written piece of work is one of many that can be found in our AS and A Level ICT in Business section.

(?)
Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Related AS and A Level Business Studies Skills and Knowledge Essays

See our best essays

Related AS and A Level ICT in Business essays

  1. Business Aims and Objectives.

    Tesco has a long term strategy for growth, based on four key parts: growth in the Core UK business, to expand by growing internationally, to be as strong in non-food as in food and to follow customers into new retailing services.

  2. Ao1 : aims and objectives

    with other stores such as Sainsbury's, Morissions, Asda, Waitrose, and newsagents in terms of prices and quality of their products. Tesco's have survived and expanded their business as no stores have shut down in bad circumstances, however more have opened up.

  1. 1. Explore the role of management in achieving organisational aims and objectives.

    To fulfill this aim it is crucial that some objectives are made so that the whole 6 months are fully planned out which will then result in the store being open in October. The objectives are all SMART targets, I have labeled how the first objective is SMART but the following objectives are in normal form.

  2. E2: describe and explain the objectives of the business

    owners, business address, objectives of the business, a statement of limited liability of the members, amount of capital to be raised by issuing shares and the agreement of the founder members to form a limited company. The Articles of Association It controls the inside working of the company.

  1. The activities of Chelsea Village I have discussed the stadium and the other ...

    been described as 'Chelsea's most exciting nightclub' Purple 's luxurious venue can occupy up to 600 people, this is for the wealthy business people/fans. The role of the Chelsea village Mega store is to sell products, merchandise, only related to Chelsea football club weather it be the Chelsea football game or the Chelsea F.C's latest football strip.

  2. E1- The classification of the business according to its ownership, and an explanation of ...

    Each shareholder in a private limited company MUST be a part of the business and under no circumstances can any shares be sold to members of the general public. Each share entitles the owner to 1 vote at the company's Annual General Meeting (AGM)

  1. In this coursework I need to produce a detailed business report on one medium-sized ...

    In 1956 the first Tesco self-service supermarket was opened in a converted cinema in Maldon. By the early 1960s, Tesco had become a familiar name. As well as groceries, the stores sold fresh food, clothing and household goods. Tesco stores were located in the high streets of many towns.

  2. technological change

    Conference calls also save plane fare and hotel costs if group calls are productive. It enables global interfacing. Work projects and business profits all connect to globalization enabled by technology. Everyone can connect with those in foreign countries with the click of a mouse.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work