1. The team represents three main components the visionary, entrepreneur, and the conception. With all of these parts, the team is well balanced. A strong team can secure the necessary capital, they can reassure investors they will be profitable, and can find a wide range of talent to work for them. The team has a well balanced educational, and experience background for the field.
Fenton knows about traveling, and has core values in place that he wants to accomplish. Fenton is the founder of Couchsurfing. Hoffer is a computer programmer. He was able to write the code and develop the website. He had experience with programming in the past as while. He completed a successful educational nonprofit program. He was also involved in a soccer website.
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The limited partner only risks what they invested in the business. The downside is if the limited partner becomes active then they could potentially lose personal assets. The S corporation is a more favorable tax option on income. The disadvantage is there is certain requirement that must be met. The LLC is a great option. With this type, the risk is only what is invested unlike sole proprietorship. It is easy to set up, and has tax advantages. The downside is if a corporation wanted to switch to C, it would have to pay additional taxes. I do believe the option they picked is best for them at that time. C has tax advantages. If they started with LLC and later wanted to change, it would cost them. C is a great way to get capital as well.
3. The form Couchsurfing transition to was the B Corporation. A B Corporation allows them to be in a better financial state. With this, they are allowed to accept investments unlike being in a nonprofit. The decision was one of positive and negative reactions. In my opinion money wise, it was a smart decision. They do however lose some of the community feel. There are definitely people within in the Couchsurfing community that disagreed with this decision. I believe the transition was handled
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Having a team provides a company with a diverse set of skills to work with. A team can be especially helpful to startups dealing with new technology that need a broad range of skills (Longenecker et al. 197). Have a team is all about being well balanced. Espinoza knows about running companies he has been the president of previous businesses. Cohler set the foundation of LinkedIn and was the vice president and general manager. Also as experience working a venture capital company. Teo has knowledge about strategy teams. He had experience infiltrating investments. Tashev has experience working in a venture capital analyst. He is also a partner at an investment firm.
The board of directors is a good mix of people. The team has a vast knowledge about being running companies. They know about raising capital. They know about building a company from scratch. The gap of knowledge would be customer service. Of course, some of them might have a conflict of interest because they have their own company they are running. Ultimately, what team would want is a return on their investment, whether that be money or
A nice advantage to owning a S corporation is that it is limited liability which means that the owner/owners of the company
In this video team is defined as a group of workers with a shared mission and vision and collective responsibilities .In other words one of the ways for business to organize employees is in teams. A team is made of two or more people who work together to achieve a common goal. Teams are becoming more common in the business world today. Effective teams can lead to increased employee motivation and business productivity. The video explains team members are accountable to one another and each team member plays a critical role in the team success.
What is the form of organization that Fenton, Hoffer, and Le Tuan first chose for Couchsurfing International? Assess the advantages and disadvantages of the major organizational forms mentioned on Chapter 8. Which of these would have been best for the company when it was founded?
The Merriam-Webster dictionary defines a team as: “a number of persons associated together in work or activity,” or “a group of people who work together.” In the current information age more companies are relying on teams to solve challenging tasks and to reach more difficult goals. Since a team of professionals with varying expertise can produce solutions that an individual working alone would likely struggle with, it is no wonder teamwork is becoming increasingly valuable to companies across all industries.
The corporation’s business is carried out by its management, under the direction of the Board of Directors. The Board, and each committee of the Board, has complete access to management. Also, the Board and committee member’s has access to independent advisors as each considers necessary or appropriate. Mallor, Barnes, Bowers, & Langvardt (2010) state that the Board of Directors also, issues shares, Adopts articles of merger or sha...
Teams are groups of people who work together to achieve a common goal (Learning Team Handbook, p 310). Workplace teams are increasing as businesses find the yield of team productivity and creativity exceeds individual productivity/creativity. To promulgate productive teams, businesses have had to identify common threads for successful teams. Businesses have identified the dynamics and needs of successful teams.
The Board of Directors is consisted of 11 members: James M. Elliot, the Chairman of the Board, 3 inside members and 7 outside members. The economy is stable and profitable, but that also means a lot of competition in the market. This poses a great opportunity for the company to grow and gain more of the market share. The only foreseeable real threat that the company will face is new competitors in the market.
Overall company will find it extremely hard to succeed without the support of teams. Work group members will not only help each other improve their performance but also help improve the performance of the business. Teamwork allows them to learn to trust and respect each other; this will come in handy when the business is forced to deal with a loss of a team member or loss in revenue. Creating strong hard working teams will benefit a business in the short-run as well as in the long-run. That’s what business of the 21st century should strive for.
bnb is core value is to be a host. The concept is or Airbnb is brilliant because it lets travelers experience the world through the people (the host). I have travelled independently and lived in hotels that an amazing experience, but when I used Airbnb my experience flourish to be being outstanding. It allowed me to learn the city through their people, meeting new people that turn into friends and it felt good to come home instead of feeling lonely when you return to a hotel room. I am absolutely love travelling, meeting new people, trying new food and learning something new everyday. My ultimate goal for me is to make a difference for a people and Airbnb is making difference. I am currently completing education HBA in a combined specialization
The components of a good team should be considered. First, a high-performance team must have strong core values to guide attitudes and behavior consistent with the team's purpose. The members should know why the team is created and why he or she is on the team. Secondly, a team should have specific performance objectives. Members should know exactly what they are trying to accomplish. This also includes having standards for measuring results and ways of obtaining performance feedback. A good team will make members realize the importance of collective efforts. Third, a high-performance team has the right mix of skills. These involve technical, interpersonal, decision-making, and problem-solving skills. No one needs to know how to do it all, but each member should be able to contribute to the group....
Teams are a major source of companies in these coming years. Teams are Heroes (Collins, 2009-08-27). Everyone wants to be a hero, therefore we need to build, follow, and be effective team members and effective team leaders.
A team is a group of people with a full set of complementary skills required to complete a project. Team members work toward a common goal. A team becomes more than just a collection of people when a strong sense of mutual commitment creates synergy, thus generating performance greater than the sum of the performance of its individual members. Team members not only need clear goals, they needs roles to help facilitate
A team is defined as a small number of people with complementary skills, who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable (Katzenbach et at., 2003). Spatz (2000) and Katzenbach et al. (2003) added elements such as complementary skills, commitment, common purpose and goals, common approach or strategy and mutual accountability are the important elements for a real team. Hackman (1990) had the comparable definition where team, which form by two or more individuals with different set of skill to work adaptively to achieve a common purpose and goal.
Many businesses place an emphasis on the importance of teamwork. A good team consists of people with different skills, abilities and characters. A successful team is able to blend these differences together to enable the organisation to achieve its desired objectives.
According to Carol Padgett (2012, 1), “companies are important part of our daily lives…in today’s economy, we are bound together through a myriad of relationships with companies”. The board of directors remain the highest echelon of management in any company. It is the “group of executive and non-executive directors which forms corporate strategy and is responsible for monitoring performance on the behalf of shareholders” (Padgett, 2012:1). Boards are clearly critical to the operation of companies and they are endowed with substantial power in the statute (Companies Act, 2014). The board is responsible for directing and steering the company. The board accomplishes this by business planning and risk management through proper corporate governance.