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bus_211_tea_company.docxRunning Head: BUSINESS ORGANIZATION 1
BUSINESS ORGANIZATION 2
Business Models, Systems and Organization Essay by Christopher Battle
10/10/2015
Bus/ 211
Michael Charter
Bigelow Tea Company
Components of business system that comprises the Bigelow Tea Company
Business systems refer to the procedures that are used in delivery for providing certain goods and services to clients. The components of the enterprise system include the following; Inputs, processing, and output. The company founded around 1945 deals mainly in the tea sector. The company has a total of 350 employees and boas of an annual sale of $90 a year. The business markets over 59 different varieties of tea. Some of them include the herbal tea, green and black tea. These various types of tea are blended in the Fairfield. Bigelow Tea Company owns the only existing tea plantation in the United States. The estate is situated at the Charleston found in South Carolina. In its lines, the company has created various firsts, a good example being the tea bags that are wrapped in foil to ensure contestant freshness and retention of the unique natural flavors. A wooden chest is used by restaurants to provide diners several choices of teas to select. The packages also have bright, attractive colors that make many people love them. The company has created different lines of teabags that are flavored with various fruits to make them sweeter. It has progressively introduced latest lines of tea in Earl Grey, Black Current, and English breakfast.
Form of business organization used by Bigelow Tea Company
Bigelow Tea Company is owned by family members. It is a limited liability form of business. It means that the debts are only limited and in situations where a person sues the business, it is the business assets that will be at risk and not the assets that belong to the owners (Brough, 2005).
Differences between the business form of organization and the others
The major difference that exists between this type of activity and the others is that, in limited liability, a number of debts that the business owes other people is restricted to the company alone and not to the partners. Limited liability protects the company and allows it to expand without much fear. The taxation of the limited company is also very flexible (Spadaccini, 2007). It offers several options that enable a company to create a tax plan that works for it. There is the significant difference between the joint stock company that is a business organization that allows for the purchase of different stocks and owned by the shareholders. Every shareholder can only own stocks that are evidenced by his or her shares. In such a scenario, there is no equal ownership of the business. Sole proprietorship refers to that kind of business that is owned by one person. He or she contributes the capital alone and is in charge of the daily running of the firm. A partnership on the other side refers to that business that its ownership is shared among two or more people. Each person contributes in various aspects of the company such as labor money and property. The partners also share the losses and profits made by the business.
References
Brough, H G (2005) Private Limited Companies: Formation and Management Sweet &
Maxwell
