what is stake holder ? Stake Holder is any person who has an interest in an existing or proposed information system. Include both technical and non-technical workers and maybe internal or external workers. There is 3 type of stake holder;
-First is Primary and Secondary Stakeholders it mean Primary stakeholders have a major interest in the success of a project because they are directly affected by the outcome. Customers and end users are primary stakeholders as well as some project sponsors, project managers, and team members.
-Second is internal and External Stakeholder Project managers are Internal Stakeholder because they are directly involved in developing the project. They have authority to manage the project by handling responsibility of work performance, organizing and planning; effectively ensuring that all phases of the project are done accurately and efficiently.
Vendors, suppliers, and outside organizations are external stakeholders because they supply needed elements for a project's success, they need to stay in communication at all times on goals, milestones and deliverables.
-The third is Direct and Indirect Stake Holder. Direct stakeholders are concerned with the day to day activities of a project. Team members are direct stakeholders as their workloads are scheduled around the project each workday. Indirect stakeholders are not impacted by the project. Those not affected are your customers and end users, because their concern is with the finished project. This would be the quality of merchandise, price, packaging, and availability.
there's 4 type of enterprise;
-First is the sole proprietorship. The Sole Proprietorship is A company run by a single individual, typically for their benefit, with unlimited liability for any damages that occur as a result of the business’ operations. there's also the advantage and disadvantage of The Sole Proprietorship
- Advantage
- Simple to Create
- Least expensive way to start a business
- Owner has total decision making authority
- No special legal restrictions
- Easy to discontinue
- Disadvantage
- Owner is personally liable
- Limited diversity in skills and capabilities is available
- Owner has limited access to capital
- Lack of contunuity
- Advantage
- Ease of information
- Diversification of skills and abilities of partners
- Increased opportunity for accumulation of capital
- Minimal legal formalities and regulation
- Disadvantage
- Personal liability of partners
- Relative difficulty in disposing an interest in the partnership
- Potential for conflict between partners
- Lack of contunuity
- Advantage
- Separate legal personality
- Relative ease of formation
- Limited liability of the members
- Increased capital acquisition potential
- Management is relatively simple
- Continuity
- Disadvantage
- Membership is limited to ten
- Juristic persons may not be members
- Advantage
- Limited liability
- Ability to raise large amounts of capital
- Separation of ownership and control
- Continuity
- Transferability of shares
- Disadvantage
- High degree of legal regulation
- High operation