This unit investigates the diverse structures of business organisations and their strategic objectives. It differentiates between the public and private sectors, emphasizing how ownership affects liability, control, and capital-raising capabilities.
Students explore sole proprietorships, partnerships, and the formation of limited liability companies through articles and memorandums of association. The curriculum also covers specialized structures, including franchises, joint ventures, and cooperatives, alongside the role of multinational companies.
Finally, the unit evaluates government policies regarding nationalisation and privatisation, examining local cases like the public-private partnership of Ghiyasuddin School with Shri Educare, illustrating modern Maldivian organizational dynamics and strategic governance models within society.
Curriculum
- 3 Sections
- 9 Lessons
- 8 Weeks
- Section 4.1: Types of Business OrganisationsBusinesses are categorized by sector and objective. The private sector includes for-profit entities like sole proprietorships, while the public sector provides essential services like healthcare. Non-profit organisations focus on societal benefits rather than profit, serving their members' collective interests.2
- Section 4.2: CompaniesCompanies are separate legal entities. Sole proprietorships have single owners, while partnerships involve shared profit and risk. Limited liability companies protect owners’ personal assets and are established through formal registration, requiring articles and memorandums of association for legal recognition.4
- Section 4.3 to 4.6: Specialised Business Structures and PolicySpecialized structures include franchises, which use established brands, and joint ventures for mutual gain. Multinational companies operate globally but maintain home-country management. Additionally, the government may engage in nationalisation to secure services or privatisation to transfer assets to individuals.6
