Case summary/Introduction: The founder of Company M S is RS. He came across the idea to start the business after the remarks given to him by a client on building a good work shelter, as his expertise was at architecture.Following this, he came across the idea of starting his panel dwellings business. M S is built to adapt and suit the needs of the market, and so, it thrives in the industry. However, it faces rivalries with large builders. For RS, partnering with external specialists to carry out their operational activities was considered the most effective and efficient decision, as it was just a start-up company. One such specialist is S P, who is a marketing consultant. Accordingly, company's dealer network is also expanding in magnitudes. The known qualities of the company are that it is small, flexible and responsive. This allowed them to thrive in an economic recession. Characters in the case: R S, S P. Adequate information: S P considers himself as an important part of M S's success, even though he doesn't expect to become its employee. What impresses P is the ability of company M S to respond quickly to the needs of the market. To determine: The way in which RS determined whether his company required a mechanistic structure with a formal hierarchy or organic including free-flowing partnerships .

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Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 7, Problem 3OTJVC

Summary Introduction

Case summary/Introduction:

The founder of Company M S is RS. He came across the idea to start the business after the remarks given to him by a client on building a good work shelter, as his expertise was at architecture.Following this, he came across the idea of starting his panel dwellings business. M S is built to adapt and suit the needs of the market, and so, it thrives in the industry. However, it faces rivalries with large builders.

For RS, partnering with external specialists to carry out their operational activities was considered the most effective and efficient decision, as it was just a start-up company. One such specialist is S P, who is a marketing consultant. Accordingly, company's dealer network is also expanding in magnitudes. The known qualities of the company are that it is small, flexible and responsive. This allowed them to thrive in an economic recession.

Characters in the case:

R S, S P.

Adequate information:

S P considers himself as an important part of M S's success, even though he doesn't expect to become its employee. What impresses P is the ability of company M S to respond quickly to the needs of the market.

To determine:

The way in which RS determined whether his company required a mechanistic structure with a formal hierarchy or organic including free-flowing partnerships.

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Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 7, Problem 3OTJVC

Summary Introduction

Case summary/Introduction:

The founder of Company M S is RS. He came across the idea to start the business after the remarks given to him by a client on building a good work shelter, as his expertise was at architecture.Following this, he came across the idea of starting his panel dwellings business. M S is built to adapt and suit the needs of the market, and so, it thrives in the industry. However, it faces rivalries with large builders.

For RS, partnering with external specialists to carry out their operational activities was considered the most effective and efficient decision, as it was just a start-up company. One such specialist is S P, who is a marketing consultant. Accordingly, company's dealer network is also expanding in magnitudes. The known qualities of the company are that it is small, flexible and responsive. This allowed them to thrive in an economic recession.

Characters in the case:

R S, S P.

Adequate information:

S P considers himself as an important part of M S's success, even though he doesn't expect to become its employee. What impresses P is the ability of company M S to respond quickly to the needs of the market.

To determine:

The way in which RS determined whether his company required a mechanistic structure with a formal hierarchy or organic including free-flowing partnerships.

Expert Solution & Answer

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Answer 3

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Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 7, Problem 3OTJVC

Summary Introduction

Case summary/Introduction:

The founder of Company M S is RS. He came across the idea to start the business after the remarks given to him by a client on building a good work shelter, as his expertise was at architecture.Following this, he came across the idea of starting his panel dwellings business. M S is built to adapt and suit the needs of the market, and so, it thrives in the industry. However, it faces rivalries with large builders.

For RS, partnering with external specialists to carry out their operational activities was considered the most effective and efficient decision, as it was just a start-up company. One such specialist is S P, who is a marketing consultant. Accordingly, company's dealer network is also expanding in magnitudes. The known qualities of the company are that it is small, flexible and responsive. This allowed them to thrive in an economic recession.

Characters in the case:

R S, S P.

Adequate information:

S P considers himself as an important part of M S's success, even though he doesn't expect to become its employee. What impresses P is the ability of company M S to respond quickly to the needs of the market.

To determine:

The way in which RS determined whether his company required a mechanistic structure with a formal hierarchy or organic including free-flowing partnerships.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 7, Problem 3OTJVC

Summary Introduction