WELCOME

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Rafiq’s

PRESENTATION

Presentation TopicESPRIT

Overview

Keywords Details

Type Public

Industry Retail

Founded 1968 in SanFransisco,California

Headquarters Ratinger Germany and Hong kong

Key people Fookaun Chew, executive director and group CFO Ronold Van dar, CEO

Products Women , man casual , Esprit kid’s, sports, accessories, shoes, body-wares ect.

Employees 15000 worldwide

Website www.esprite.com

Retail stores 850

Countries 40

Partnership Definition

• It is basically relationship between two or more persons who join hands to form a business organization with the objective of earning profit. The parsons who join hands individually known as “Partner” and collectively known as a “Firm”

Features

• ease of starting, • control, • sole participation in

profits and losses,• use of owner’s ability, • tax breaks, • secrecy and • ease of dissolving

•Unlimited Liability.•Difficulty in raising capital.•Limitations in managerial ability.•Lack of stability.•Demands on time.•Difficulty in hiring and keeping high-achievement employees.

Solution of the problem 1

• In a partnership, people with different talents and skills may join together. esprit’s owners doug and have some outstanding talent and superb planning to conduct the esprit. so,we can say that the combination of managerial skills between doug and Susie helped esprit grow to become a large business.

Solution of the problem 2

• Instability is one of the major problems in a partnership business. Now Doug and Susie face this problem in the esprit. There marriage began to split, there partnership began to say and business suffered. We think that personal problems can ever be predicted and avoided in the kind of partnership that Doug and Susie had at esprit.

Solution of the problem 3

• If we were the chairperson of the board of directors of esprit. we would recommended to other members that they should stop choosing one side and should not be anxious. They should take some steps by which esprit can solve its problem. And we would recommend Susie and Doug that they should find the solution of these problems instead of arguments, criticism, personal insults. They should consider both thoughts and they should not give up operating control of the company.

Learning

1. The main issue in the partnership business is the agreement. It can be written or orally

2. Family business whether it is sole proprietorship or partnership personal clash and instability is the main obstacle in the path of success

3. Different talents and skills join in the partnership business

4. Considering partners philosophies makes the success of partnership business

ESPRIT’S Financial Status: A Chronology

1968 1972 1979 1984 1986 1987 19890

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Conclusion

• After the sole proprietorship, partnership is the oldest and most popular form of business. A partnership is mainly based on a written contract or a voluntary and legal oral agreement. Success in a voluntary and legal oral agreement. Success in a partnership business mostly depend on considering each partners philosophies because people with different talents and skills may join in a partnership business.