11th Organisation Of Commerce & Management |Chapter 5.|FORMS OF BUSINESS ORGANISATION|OCM|LECTURE-4

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In this video we discuss about Statutory Corporation from class 11th Organisation Of Commerce & Management |Chapter 5.|FORMS OF BUSINESS ORGANISATION|OCM|LECTURE-4
MERITS OF STATUTORY CORPORATIONS:
SHORT CODE (PEAk IQ)
1. Professional Management
2. Effecient staff
3. Easy to raise capital
4. Administrative Autonomy
5. Initiative and flexibility
6.Quick decisions
DEMERITS OF STATUTORY CORPORATIONS:
SHORT CODE (URL AC)
1.Unfair practices
2.Rigid structure
3.Lack of initiative
4.Autonomy on paper only
5.Clashes amongst interests
Category
Management
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