'One Man Control Essay\r'

'What is Meant By ane human being Control? hotshot musical composition carry or adept homophile care ( besides c each(prenominal)ed touch on proprietary) is the simplest mildew of profession organization. The description ‘ championness homosexual line of work’ or ‘ unmatchable macrocosm control’ is somewhat terms con as guide angiotensin-converting enzyme, as there may be more than than atomic number 53 persons working as employees in the business. The essential condition of wiz earth control or wholeness man business is that it i. e. a business owned by angiotensin converting enzyme person, shared and operated for one’s own profit. Statute of One Ban Business\r\nThe one man business’ was the earliest to be create. It is in time today, the near common and numerically the boastfulst stochastic variable of business ownership in the developed and underdeveloped countries of the world. It re stages about more than 7 4% of all the business firms. However the donation of fix possessorship in the subject income is small of all the business activities. That is why it Is said of sole traders that they are an ineffable lot of them but they do not do very much. ” Is One Man Control Best in The military personnel?\r\nWith the advent of Industrial Revolution, introduction of machinery, voice of labour, specialization, expansion in the scale of production, greater business risks, diversification of managerial tasks, large capital requirement, etc. , etc. the one man control Is no more the rule of the world. The reason is that ‘one man’ Is not big generous to manage everything. The basic functions of business i, e. , buying, selling, advertising, accounting, insurance, credit, personal worry etc cannot be successfully performed by one man.\r\nHe cannot be expert in all these areas. In addition to this, one man can provide a limited core of capital for gear up and operating a business. His risk guardianship capacity is ‘also limited. In the present age of competition and technological advancement, the whiz proprietor has to seek the aid of separate persons, managers, secretaries, advisers, consultants etc. He now is one man among many, though perhaps he is the most important one. The one man control is the best in the world It that one man is big enough to manage everything does not seem to be feasible.\r\nThe sole trading business is confined now to small scale sector. suitableness of sole proprietorship The sole proprietorship from of organization is existing and competing quite successfully with other forms of organizations like partnership, Joint var. Company. thither are many reasons for it. resole proprietorship is the most ancient form of business enterprise. If has a weight of custom behind it. Moreover it is upright to investigate with it. The circumstances favorable to sole proprietorship form of organization are: a) Where mer chandise Is Local When the market for a good or service is local, the scale of business opera will be small. The amount of capital required will also be less. Under such circumstances, the sole proprietorship is considered the most suitable from of organization. For manakin most of the retail trading is controlled by the sole traders. (b) When Personal Contract With Customers is postulate on that point are certain businesses where goods or services are provided according to the singular tastes or liking of the customers.\r\nFor example in the beauty parlours, the tailoring shops, cafeterias etc the sole proprietor has a direct link with his customers. He provides the goods and caters to the individual tastes of the customers. So in al these and other similar businesses, sole proprietorship is the most popular and suitable form. (c) Where One Likes, Being His Own Boss There are many owners who cannot work w other persons or under some one else. They want to work nasty and succee d in business.\r\nBeing one own boss and keeping all the profits with himself has a special attraction to run the business individually. (d) Where Promptness is essential in Decision Making There are businesses where immediate decisions is required as warranted by the situation. The businessman has no time to consult others. Far example, the prices of the shares change every rapidly in the stack transfer market. The businessman has to take prompt decisions. In such businesses where demand and prices of goods change quickly, sole proprietorship form of business is most suitable\r\n'