The Type of Business, Purpose and Ownership of Two Contrasting Businesses Essay Example
For this assignment, I am tasked with selecting two unique businesses from both the for-profit and non-profit sectors of varying sizes. I will concentrate on their organizational structures, business models, objectives, and owner accountability levels. The objective is to initially provide a concise overview of these enterprises. Subsequently, I will delve into aspects like the structure and organization of each business; their goals; as well as the degree of responsibility borne by an owner within each entity.
For my upcoming project, I am excited to collaborate with Oxfam and Nike, Inc. Established in 1942 by an assembly of Quakers, social reformers, and intellectuals from Oxford located in the UK, Oxfam is a globally-recognized non-profit organization. Currently, it incorporates 17 organizations that operate in approximately 90 countries worldwide. Its fundamental mission is to eliminate global poverty and in
...justice via advocating for sustainable solutions.
Oxfam, a philanthropic entity committed to "Working alongside a range of local partnering bodies to aid underprivileged people in upholding their human rights, maintaining their full civic respect and gaining autonomy over their existence", functions with scant obligations from its owners. Nike, Inc., initially founded as Blue Ribbon Sports in 1964 before transforming into Nike, Inc. in 1974, is a publicly listed corporation on the stock market. Its main operations revolve around athletic shoes and clothing, sports gear and products aimed at sports-related and leisure activities.
Nike, Inc., a leading corporation in earnings, is committed to manufacturing superior goods and escalating its financial gains. The company recorded an outstanding sales figure of $24.1 billion the previous year. Its mission statement reads as "To bring inspiration and innovation to
every athlete in the world," asserting that anybody with a body can be considered an athlete. Concerning liability, Nike, Inc.'s proprietors carry limited responsibility for the enterprise.
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