What does the way a business is run refer to? What are they?

Method of operation refers to the ways and means adopted by the enterprise in its business activities, such as extraction, manufacturing, wholesale, retail, consulting, leasing, agency and so on. The mode of operation is the expression of the relationship between the owner and the operator.

There are several ways of doing business:

1, personal independence

In personal independence, you can hire employees, but you have to obey the government's regulations; you can take out a loan, but you as a "person", you have to pay taxes. Again: in the individual business, everyone must pay personal income tax.

Individual independent business is ideal for those who want to feel more like a company. It's ideal. But having a number of employees complicates the situation.

2. Partnership approach

If a company is owned by two or more groups, then the company may be organized as a partnership.

There are two types of partnerships: the more common broad partnership, in which the partners are expected to be active participants - they **** own the company and run it together.

The other is the narrow partnership, where there is a broad partner who is responsible for the day-to-day management of the firm and also for its finances, and one or more narrow partners who are not involved in the day-to-day operations of the firm and whose obligations are limited to putting up a certain amount of money.

3. Limited Liability Company

Limited Liability Company is a legal entity that exists independently of its owners. Those who own a portion of the assets or shares of the company are known as equity holders, who elect a board of directors, who are then responsible for the selection of officers of the limited liability company, who are responsible for approving the company's major operational activities and who are responsible for formulating the overall policies of the company. responsible for setting overall company policy.

This may seem like too much for a small company, but for a communications media company, an LLC is often the right choice. Because an LLC is a separate legal entity, at least to some extent, the people who own it should have some protection from the legitimate actions of third-party groups.

Expanded:

The Japanese authorities have summarized eight "winning modes" of business operation through a detailed analysis of the business conditions of 40 outstanding companies. These eight business methods are:

Flexible management. This kind of management refers to the leadership ability to adapt to changes in the external environment and its inaccuracies.

Core business management. This style of management ensures a strong market position by constantly striving to maintain and strengthen the competitive advantage of the core business.

Speed management. This style of management refers to the "speed of judgment and decision-making" or the "competitiveness of business processes in terms of 'time'", which are factors that give an edge over competitors. factors that give an advantage over the competition.

Maintaining competitiveness in a recession. In this type of management, we are able to fully utilize our strengths during a downturn, and from the early stages of the recovery, we are able to differentiate ourselves from other companies in the same industry with an absolute competitive advantage.

Lean management. This is a management style that allows for the emergence of talented people, and it has a corporate structure, organization, and culture that are compatible with it.

Emphasizing enterprise value management. This management style is based on the principle of ****same management and the pursuit of maximum "shareholder value".

Core Advantage Management. This style of management makes the company's main competitive advantage the backbone of the company. "

Technology-based management. This management style refers to the use of technological capabilities and research and development capabilities as the core of a company's competitive advantage.

References:

Baidu Encyclopedia-Business Methods